One for you "gold bugs" out there
FNV has formed a symmetrical triangle pattern since SEP
On the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day)
MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher
Look for a sustained breakout today AND a CLOSE above the downward trendline in order to participate
Targets :
T1 - YtD high at 101.19
T2 - measured move of the breakout around 106.95
Good luck,
TA
FNV has formed a symmetrical triangle pattern since SEP
On the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day)
MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher
Look for a sustained breakout today AND a CLOSE above the downward trendline in order to participate
Targets :
T1 - YtD high at 101.19
T2 - measured move of the breakout around 106.95
Good luck,
TA
Trade active
T1 reachedCongrats longs
TA
Trade closed: target reached
T2 reachedCongrats longs,
TA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.