Opportunity Friday…What Would You Do With These Opportunities?

Opportunities are knocking at our door friends! I've been sharing the Power of the Pattern with customers for the past 20-years. In my humble opinion, some really nice opportunities (based on price, momentum and sentiment) are forming for investors around the world. Below is two of the dozens of rare patterns I am seeing, that I wanted to share with you today.

What would you do with this opportunity?

Click on picture to enlarge

As shared above, this asset has fallen around 35% of late. The decline has taken it down to its 4-year rising channel support line, which also happens to be its 423% Fibonacci extension level, momentum is oversold and volume has went sky high of late on the decline.

What would you do with this rare set up and opportunity?

Below is another asset that is hitting a support line, that is much longer in length (11-years longer)

Click on picture to enlarge

What would you do with these conditions? This asset has struggled for the past few years. The decline has taken it down to the bottom of its 14-year rising channel, where support is in play. The large decline has pushed monthly momentum down to levels only seen twice in the past 25-years.

What would you do with this opportunity?

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