Barrick Mining sheds 4.8%, decline keeps making lower lows
Barrick Mining sheds 4.8% as the decline extends to lower lows, double bottom in the 34 area
Barrick Mining sheds 4.8%, decline keeps making lower lows
Our view last week
Barrick Mining shares drop 4% this week, while on the daily chart a double bottom is taking shape with an intermediate rebound of 11%. The sell signal is in week 3, and signal strength drops to 31 out of 100 — a decline making lower lows, still working its way down. Setup quality is ordinary, at 60 out of 100, and the stock ranks 37th among the 137 US sell signals.
This week's summary
Barrick Mining shares shed another 4.8% this week, with the daily chart redrawing a fresh double bottom in the 34 area and a 10% intermediate rebound. The Sell signal is in its fourth week and signal strength climbs to 65 out of 100: a downtrend making lower lows, pace holding. Weekly technical analysis flags elevated volatility and an ongoing distribution phase; the short is already more than 6% in profit.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Aug 10
★ See Gold version →
IQS Phase
68
in tension
Signal Strength
65
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#37 / 140
US stocks sell signals
Trade P&L %
+6.33%
from signal to today
restricted Platinum content