3lisa, may a rank amateur try a hand at your HUI/HL question? This thread is mainly about the retrace of the Comp, so this is really OTOT. I welcome any critique of my rabbit trail T/A here...
Taking encouragement from any source, I see a Bullish Hammer/Dragonfly Doji litwick.com on your HUI daily chart. stockcharts.com^hui,uu[h,a]daclynay[db][pc9!c13!f][iLa4,9,5!Lh5,5]&pref=G
No AVs there, but, FWIW, if we go to the 15 min stockcharts.com[d,a]ghclyyay[pc10!c20!c50!c75!c100!c150!c200!d20,2!f][vc60][iub14!la12,26,9!lh14,3!li14,3!lp14,3,3!lc20]&pref=G we have MACD crossover and high stos...but, really stretching it, if we go to 5 min stockcharts.com[d,a]ihclyyay[pc10!c20!c50!c75!c100!c150!c200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Li14,3!Lp14,3,3!Lc20]&pref=G we have AVs on slow, fast, and full all about the same time just after 3:30. So, I will take a little confidence in that and hope that my RGLD will hold with an AV off the fast sto at 3:45, cause I've run out of bullets with which to average down more. stockcharts.com[d,a]ihclyyay[pc10!c20!c50!c75!c100!c150!c200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Li14,3!Lp14,3,3!Lc20]&pref=G
Looking at HL 5 min stockcharts.com[d,a]ihclyyay[pc10!c20!c50!c75!c100!c150!c200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Li14,3!Lp14,3,3!Lc20]&pref=G we have strength in the last 10 min but stos not too promising on the daily, stockcharts.com[d,a]dhclyyay[d20020210,20021010][pc10!c20!c50!c75!c100!c150!c200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Li14,3!Lp14,3,3!Lc20]&pref=G but we do have an encouraging hammer for the day litwick.com
Trendlines: If we print out the daily HL and draw a lower trendline starting at the 1.32 low on 3/17 touching the 2.20 low on 7/24 and the 2.96 today, we may see that 2.96 as new support. Also, the lower BB of 3.19 was pierced indicating an oversold condition (as Jeff told us), so we may ramp tomorrow.
Now draw an upper trendline starting at the high of 5.90 on 6/3 touching the 5.20 on 7/14 and the 4.45 on 9/15 to about 4.05 today which may be the next resistance. This point is still under the 4.47 upper BB, so we still have room to run in the next few days.
Try the same analysis on the $HUI chart stockcharts.com[d,a]dhclyyay[d20020210,20021010][pc10!c20!c50!c75!c100!c150!c200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Li14,3!Lp14,3,3!Lc20]&pref=G
For confirmation, let's look at some aftermarket prices:
AU up 3.3% to 24.49 HGMCY up 2.52% to 14.24 GFI up 0.76% to 10.69 QQQ (for comparison) up 0.28% to 21.14 DROOY down 0.17% to 3.544 GG down 0.30% to 10.00 NEM down 0.21% to 23.43 HL down 5.56% to 3.40 (big money wants this one?)still above low of the day and lower BB...
I think HL will rise tomorrow...how's that for courage? I welcome any comments that anyone has the time to make...jj
Disclosure...I don't own HL...only RGLD, BGO and TGLDX. |