CFE owned and run EUR is going "TO DA MOON" and CFE investors are going to profit! RDNCOIC is back in CFE!
European Lithium Ltd (ASX:EUR) Spiked 25%
By HEFFX Australia on November 29, 2017
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Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 0.07.
The projected upper bound is: 0.17.
The projected lower bound is: 0.13.
The projected closing price is: 0.15.
Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 8 white candles and 1 black candles for a net of 7 white candles. During the past 50 bars, there have been 23 white candles and 18 black candles for a net of 5 white candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 90.0000. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 15 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 89.53. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 218 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 162.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 2 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 10 period(s) ago. Rex Takasugi – TD Profile
EUROLITH FPO closed up 0.030 at 0.150. Volume was 535% above average (trending) and Bollinger Bands were 663% wider than normal.
Open High Low Close Volume___
0.145 0.150 0.137 0.150 10,360,250
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.10 0.06 0.05
Volatility: 222 142 106
Volume: 5,781,715 2,367,426 1,051,703
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon. Summary
EUROLITH FPO gapped up today (bullish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
EUROLITH FPO is currently 180.6% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into EUR.AX (bullish). Our trend forecasting oscillators are currently bullish on EUR.AX and have had this outlook for the last 8 periods. Our momentum oscillator is currently indicating that EUR.AX is currently in an overbought condition. asx, ASX:EUR, European Lithium Ltd, news, outlook, shayne heffernan, trading European Lithium Ltd (ASX:EUR) Spiked 25% added by HEFFX Australia on November 29, 2017 View all posts by HEFFX Australia →
CFE Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held