utopiafusion

utopiafusion Apr 14, 2021

If you look at the DJI historically on a 1 day chart and compare RSI and ATR in previous short plays, the RSI was at the upper range and ATR was near the lower range as shown here. I've also noticed this trend on the S&P 500 and NASDAQ. Let me know your thoughts on this or if you have alternative opinions.

utopiafusion May 8, 2020

Short term pullbacks, but great financials will allow this stock to grow much higher. $6 next fib resistance. This company is profitable at $800 an ounce gold, and with Bank of America saying $3k gold by 2021, we are at the very least going to see this stock maintain these recent 52 week highs as support for some time to come.

utopiafusion Nov 13, 2019

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utopiafusion Sep 4, 2019

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utopiafusion Aug 31, 2019

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utopiafusion Aug 19, 2019

6% up from here

utopiafusion Apr 14, 2019

From a technical standpoint 12 cents makes cents as a next stop. Higher lows, fibonacci extension tool points to approximately 12 cents. RSI very oversold. I also think in general this project has a lot of potential. A crypto backed Visa card is an excellent business model. Launched in Singapore, soon to be released in Asia, Europe and then US markets. Great...

utopiafusion Updated  Jan 2, 2019

Overall bull trend not breached, technical analysis points to strong rally for seasonal mining stocks in January-March trading sessions while markets plummet and metals (gold, silver, etc.) rally. Bullish flag forming, waiting for short-term target breaching 0.17 fibonacci resistance level.

utopiafusion Jan 2, 2019

I see the 50 MA starting to creep up towards the 200 MA. RSI starting to form a bullish channel. Waiting for a retrace to 0.25 due to fibonacci & volume support formed there. Going long from 0.25 bounce.

utopiafusion Dec 29, 2018

I think we are still in a general uptrend in the RSI, and on the weekly chart for the VIX. Next target ~$40 after consolidating for no more than a week or two. I estimate we hit $40 by February 1st at the latest. Based on this analysis, I go long on $DRIP to next fibonacci target of ~$33, setting trailing stop there with 5% maximum price offset. I think in the...

utopiafusion Updated  Dec 14, 2018

Please see attached similarities between RSI and market movements in early 2013 IPO of Facebook $FB, and early market movements of $DRIP. I see long term weakness in S&P500, till mid 2019 at least. Oil is going lower too. I can see $30 $DRIP by mid-January, and $68 $DRIP by March to June. But this could go back to IPO too, but that will take much longer, (5-10...

utopiafusion Updated  Dec 14, 2018

It mirrors IPO action in the RSI and price action. I think we are entering the continuation of the bear market. Please see my $DRIP chart here for full analysis: