"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 15 hours Meet The Hedge Fund Billionaires Club
  • 16 hours The Next Housing Crisis Could Be Right Around The Corner
  • 17 hours Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 18 hours Africa’s Fastest Growing Economy
  • 19 hours The Blockchain Boom Hits The Utilities Sector
  • 21 hours Why Smart Money Is Selling Off Right Before The Bell
  • 23 hours Tech Giants Rally Ahead Of Earnings Reports
  • 2 days Global Debt Hits 225% Of GDP
  • 2 days The World’s First Trillionaire Will Be A Space Miner
  • 2 days How Student Debt Could Cause The Next Real Estate Crisis
  • 2 days This $550 Billion Industry Is Betting On Bitcoin
  • 2 days One Commodity Set To Soar On Russian Sanctions
  • 2 days China’s New Car-Market Rules
  • 2 days Oligarch Risk: The New Red Flag For Investors
  • 3 days Five Things To Consider Before Investing In An IPO
  • 3 days Investors Bullish As Earnings Season Kicks Off
  • 3 days Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy
  • 3 days Is Facebook Still A Buy?
  • 3 days Will Blockchain Stocks Ever Bounce Back?
  • 3 days Geopolitical Tensions Fail To Boost Gold Prices
Oligarch Risk: The New Red Flag For Investors

Oligarch Risk: The New Red Flag For Investors

Investors are scrambling to diversify…

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

More Info

Would You Buy This Stock?

There is evidence that demand is overcoming supply, and a change of behavior is very near.

Symbol: HL
Sector: Silver stock
Name: Hecla Mining Co. (NYSE)

Price is still in a trading range, so the battle of supply (Bears) and demand (Bulls) is not over, but as you can see (right hand side of chart) the waves up (blue dots) are attracting more volume than the waves down (red dots). This is strength and demand overcoming supply. After a strong down move supply does dry up, all those that have sold, are very close to being done! Soon the bulls will have a chance to push prices higher. Look like accumulation, and once accumulation is completed prices can be expected to be marked up. However to be sure that demand has control wait for prices to break over resistance, but do keep this stock on your watch list.

Bullish/Bearish Volume Analysis
Larger Image

Investing Quote...

"[Point and] figure charts are more valuable than vertical [bar] charts" ~ Richard D Wyckoff

"Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs" ~ George Soros

 


NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

 

Back to homepage

Leave a comment

Leave a comment