Thursday, May 28, 2020

RNX – Charts and T/A Due Diligence

Home RNX – RNC Minerals RNX – Charts and T/A Due Diligence

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    Talk about RNC Minerals Charts and T/A


    Informative tutorial for Technical Analysis by Investopedia:


    Sellers look to be near exhausted on the MACD and Acc/Dist is noting an uptrend in accumulation. RSI hit its lowest point in March 2019 putting in levels similar to December 2019. On a monthly chart Selling has dominated for 5 weeks with lowest volume selling in the second week of March 11-15, 2019.chRNX.TO18032019




    One hour chart, Fib levels show the stock is following these levels. Lower lows still in play.TV 20190404


    Forecast to July 6th, expecting a retracement after the 6th of July. 70 to 90 cents is expected. Take profits on fast moves.
    1 year 1.10 expected RNC


    Recently I was asked to do an article for Inside Exploration. Never done such a thing in all my years and have some reticence upon opening a door to something new. One reason for for accepting the opportunity is strictly to help people keep themselves out of what could be some very trying times ahead. I’ve been doing my own thing with charts and financials on my own and everything I have and know is due to 25 years of trial and error without courses and am self taught. There could have been better avenues to learning but we all have our own paths to take. So for financial advice you might want to go the road of some papered advisors for your investment choices.

    Let’s get down to business. If you are trying to understand any market you must understand cycles. Go do your research if you don’t know what that is all about. The past precludes the future and as humans we tend to look back on the past for indications of what is to come. This can be done with some confidence as people generally don’t change, such as it is with markets.

    Right now we are in the position to take advantage of an occurrence with Gold and its affiliated investments during this recurring cycle. It’s my disposition that this is the beginning of a multi year decline in the USD. To wit, the DXY, go look it up if you have no idea of what that is. Now the DXY is under scrutiny as the US Federal Reserve is backed into a corner, and this chart is a reflection of past ne’er do well actions extrapolated onto a current DXY chart. Seems to be following past Fractal trails through the woods and quite nicely if you ask me.


    This is only a short track to a much larger move for the DXY over the coming years, the future is never certain so we make due with what knowledge we hoard over time.


    Alright, you might be wondering what this has to do with RNC. It all leads to Fractals. Again, if you are unaware go do your research. Cyclical patterns recur in charts and we can use those to determine prices or movements. Over time, which can compress or extend as money moves into markets we can adjust those past movements which are called fractals. Alright, no more spoon feeding, I promise. What has been done here with Royal Nickel is simply identifying a past trend which has been posted on the chart and compress the move over time. What you are seeing is a multi year chart pattern compressed into months. Yes, it is magic. Country music magic, Yeehaa!


    Every one travels their own path to understanding and this is mine. Correct or incorrect doesn’t matter, make your move as you see fit because its your journey and no one else’s.

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