...I believe it'll make the break out higher (after establishing the .38 low) with much more advancement. Just a technical perspective.
That said, I think bad news behind this thing.
Not in short term. Maybe in a couple years they could go badly that way. You bashers need to look at the actual #s, the ratios, etc.
Besides, this has already "plunged hard"... LOL
and now what do you say about Gold? Crashing this week or next? You are mum since last week!! Speak up & explain yourself more
I hate to break it to you, but it looks like JDST is about to move up in trend soon from this tight range. Last week gold couldn't hold 1320, and is now under 1310 as of Friday close already. Gold continues to fail this summer whenever it hits low 1300's resistance points.
All the geopolitical events have likely climaxed in intensity in the short term & become priced into gold already.
At this point, Gold is likely going to re-test much lower toward 1280, then 1250 area by Fall.
Despite my selling for a quick day trade toward the 2's (as was my minimum upside target), I still think NEPT levels on daily chart are very oversold relatively speaking. So there's a good chance for longs to benefit later.
I chose to take profit @ approx 2.04 today at market open on NEPT (from 1.91 two days ago).
Good luck to the rest of you
He;s also one of those gold promoters that always says bullish statements on gold. you can not base a trade on timing of his statements.
Gold hasn't proved a bottom yet. Go take another look at your 'charts' . Downward bearish channel still occurring & it continues to sell off every time it hits critical resistance points within the downward channel.
I think you'll be eating your words later when CBLI releases news data & developments.
Revenues were down, but otherwise there was nothing to be scared or to really laugh about.
Like I said, a likely break out into 2's again. Since entering Aug 5 @ 1.91, I'm still holding today yet anticipating 20 day avg or higher on this (2.20-2.30) at a minimum for technical reversal.