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Swazers good luck if you are short SOLG. If you are, you are def out the money and should be worried there are catalyst coming. SOLG is failing to break above the 50 day moving average where, no doubt some are taking profits. You might even short it, but with catalysts on the horizon and gold and copper going higher, I think your scanners can do better and pick better shorts (at least I hope for you). If this breaks resistance its moving up fast. I also suggest you do similar to IAG and look at the new uptrend that is in play in SOLG. No doubt you were long at 218 last week in IAG and it's at 211 now. You win some you lose some. SOLG direction of play has changed... better shorts out there.
I use charts to come in and out of trades, its better than guessing . News- sentiment will push this stock .
At these prices you cant fail .
SORRY .
This chart is for long term slogers, bit of fun but possible . Hopfully. :)
https://invst.ly/ri6g9
This cart is for all the long term slogers
Sol gold rely undervalued , the positives out way the negatives by mile . October approaching BHP.
20p is the floor here. won't hit 16 unless bad news or terrible markets.
Do you really think anyone on here appreciates your constant doom mongering...
If we want your view we'll ask...meanwhile go and troll somewhere else...
Hi Swazers , I have a slightly different view . I think their is a floor under 20p
Positive news flow.
FN deal done .
Start of drilling + ongoing news .
New Tenements gained .
Poss Bid.
Just a possibility. :)
https://invst.ly/ri5x9
It's not a potential trap though is it... because virtually all the people contributing on here are investors, not traders. We bought at levels we thought would yield good long term returns once one of two things happens, namely a takeover offer arrives at a substantial premium to the current price, or SOLG doesn't get taken over and actually starts building a mine at Alpala and keeps progressing the other promising prospects it has up its sleeve. Some people here have been holding for years, and many are already well in profit if they invested when it was in single digits.
Your charts are telling you it's going to rain heavily next week. So what? I bought a raincoat last year for a reasonable price, and I'm not going on holiday til 15 October. What the weather does this week or next isn't much of an issue for me.
Not last night, Friday night, but you know what I mean.
Thats it Swazers you tell em .
You got it wrong again Swazers, they was a trade last night at 23.001 Pence , before closing at 23 Pence. But your charting should tell you that. So your Wrong again Swazers, Keeping up your 100% record of being wrong, you never disappoint.
It's now the 6th trading day where this stock can not close above 23P. I warned you guys 3 weeks ago about this potential trap. The resistance is coming from the close of the left shoulder of the H&S. It's really that simple. Getting angry at me will not change anything. https://www.tradingview.com/x/v5bZQZYt/ learn how to read the charts & become a better version than you currently are. @SwazersC twitter
sorry for that clumsy post off of fone earlier - below is my more coherent repost to swazy when he first came out wiith his wrong h&s patterns........
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BrokeNovice.Com
Posted in: SOLG
Posts: 17,722
Price: 20.55
No Opinion
RE: A snapshot of Sol G explained with TA29 Jun 2020 18:54
Hi Swazers
Done a little TA myself for a little while.
If I may I think the H&S you've shown is a little out of kilter.
If I may explain why.
1) a H&S pattern typically depicts the end of a trend whether that be an uptrend - with the traditional low left high head & low right + kneck line - or an inverse H&S at the end of a downtrend (hi left/s, lower head hi right/s)
- if anything in terms of end trends I'd suggest its more likely that we're possibly ending the prior downtrend so therefore should possibly be looking for an Inverted H&S and not the standard you've shown
2) Guidelines regarding H&S patterns is you look for a level of symmetry in the pattern [not perfectly as they never are but the left & right shoulders should be of similar height / length shape - what you've shown I don't believe shows well any symmetry at all because of the spike on the left that you seem to be ignoring a little.......
3) Finally, where is the kneck line for your H&S matey?
here's an example of the inverse h&s however the neck line (yellow) does not work due to the angle of trajectory as it's too steep.
https://www.screencast.com/users/BN.c/folders/Shares%20SOLG/media/82adce89-f253-4956-84fb-1c43d3ac11b8
atb
try to be nice!
r's
BN.c
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and here was also the second post to him showing folks the proper views of h&s patterns [which btw are one of THE most unreliable patterns!]
BrokeNovice.Com
Posted in: SOLG
Posts: 17,722
Price: 20.55
No Opinion
RE: Politeness & manners cost nothing folks29 Jun 2020 20:09
Bit of reading for those interested in H&S Patterns.........
https://www.babypips.com/learn/forex/head-and-shoulders
---------------------------------------------
r's
BN.c
"That's the most obvious statement I have ever heard Quady. Surprised you said that. Next support at 17.5 - 17.80. Hold on tight!"
Enough said ssmith_trader.
Wow swazers from one technical person to another you really are making a t*t of yourself. Stop. This has cleared the 50, 100 and 200 MA on the daily. It had a hammer on Friday. You do not want to be short this right now. I thought it would retrace and I was wrong. I bought more on technical picture. I suggest if you are short then cover....
Swazers i think your on wrong board try HUR
Thank you BNC, I couldn't see it either, but maybe thought he was on about something else, so didn't comment on that aspect. I can't make head or tail of anything he's saying. This sounds like a scammer, using this site, to peddle his dodgy wares. PUBLIC WEALTH WARNING. Do not have anything to do with Swazers, and certainly do not give him money, under any circumstances.
One of the best for charts BNC
Swazi you need to study pal....Ur head and shoulders ns is just that....
You're quoting patterns that a are t there.and b not in context of the overall chart patterns.......
I told you this when u first started spouting it and this still remains the case....you are totally and utterly wrong in your analysis......and I do know charting pal.....have studied and provided analysis for approx 15yrs have even
BN.c
The reason why it will not close over 23P is because of the close of the left shoulder of the head & shoulders. This is the only reason why SolGold has not closed over 23P all week...... This is why it will probably retrace to 16P or lower levels.
So guys. Here we are. I am bumping up a 17-day old thread. I have been warning you guys for over 2 weeks that I am convinced SolG is trapping buyers. I mentioned it would not get past 23pence. I still believe it will seek 16P or lower. I hope many of you have taken profits? It looks weak it looks like its ready to bomb. I still hope I am wrong. I take no joy in bringing bad news. Guys, over 17 days heads up I have given..... If it breaks 19P support the next level really is around 16p. This is nothing personal this is my T.A https://www.tradingview.com/x/98Ew36AI/
Hey Swazers , no problem respect for using price action alone. Sol gold is mainly pushed by news and sentiment on the day.
I find price action with Keltner & RSI works okay for me for entries and exits. I think everybody who use charts find their own way that work best for them. Check out Artemis . :)
Costa with respect those who use the RSI don't understand price action. IMHO. No offence to chartists who like to use indicators. I chart clean and efficient. Hey, like I have said multiple times I could be wrong. I do not claim to be a guru or a fortune teller. I have a system I use and one that I trust. I respect you for posting your charts to back up your ideas. It's all we can do for those those who use T.A. Respect.
Hello Swazers , Solg chart looks like its found a base ,RSI is weak after last 2 months sell of ,looks ready for a bounce with all news due up to October .
You need to check out Artemis Resources, they have a great play which surrounds Greatland golds Haveiron find .
Hopefully . :) https://invst.ly/rcae5