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Anchordvwap

NAIL a homebuilding leveraged ETF rising from support LONGNAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean anchored VWAP and has bounced and crossed over the latter. Relative strength lines are crossing over the 50 level and the relative volume is showing a gradual rise. This is the beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will take a long trade here expecting a swing trade for a few months. Targets are on the chart. They are based on the resistance rising trendline as well as the upper VWAP bands.
AMEX:NAILLong
by AwesomeAvani
1
AU - a gold mining stock rises with spot gold LONGAU AngloGold Ashanti has operations in a variety of locations including North America and Africa. With spot gold rising and mostly fixed operational costs, AU stands to improve its overall margins. Here on a weekly chart, price has crossed over the POC line of the volume profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative Trend Index indicators are showing reversals from bearish to bullish. Price action is in a symmetrical triangle. Price has 20% upside before reaching the descending resistance trendline which may take a month or so. I will open a long trade here looking for a best entry on a 120-240 minute chart.
NYSE:AULong
by AwesomeAvani
2