Seeking Alpha

Spamwich's  Instablog

Spamwich
Send Message
Specialty: Technical Analysis Name: Michael Payne, CEO of No Payne Roofing Inc. Objective: To acquire a network of active market participants who share the common interest of profiting consistently. Experience: Relentless market participation since November 2012
My company:
No Payne Roofing Inc
  • $Silver Giving Topping Signals, Extreme Caution Warranted 0 comments
    Feb 25, 2014 9:26 PM | about stocks: EGY

    The descending triangle on silver has resulted in the "pop" targeting the second wave within the triangle, as I've watched many of these unfold it was to my expectations, however this is not a bullish formation. At any point within the target region the price could drop quite swiftly, testing support at $18, and ultimately targeting $15-$16 in an impulsive move.

    technical on the daily are giving me topping signals, RSI is at the top of the range, while the MACD attempts to cross over. If price can exceed $23.50 then I will revise my primary expectations... (click to enlarge)Target region reached, Technicals showing weakness

    Stocks: EGY
Back To Spamwich's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.