Another stock, like $ABNB which has been holding well and its price is still in between the 50 and 200 Day MA, a flip of the 50 Day MA to support is a big statement here and confirmation of Wave 5,...
2023-08-29 18:40:52 +0000 UTC
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So far $LUV has bounced where it has needed too, exactly on the trend line and at the 0.78 Fib, this is where it needs to build on this and generate some momentum.
It is already in the overso...
2023-08-29 18:37:32 +0000 UTC
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Regained the 0.38 Fib again and there is a battle going on to maintain it, as the battle continues the 200 Day MA keeps slowly moving up, maybe it will come up to meet the price action if it contin...
2023-08-29 18:34:50 +0000 UTC
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Yes this did exactly what we said it would, bounced from our Wave 3 target to our Wave 4 target, as expected and has so far been rejected by the 200 Day MA on the 1hr chart twice now.
The cou...
2023-08-29 18:26:03 +0000 UTC
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What a chart this has been. Held the 0.65 Fib level 4 times and stayed above the moving averages on the 1hr chart and when a positive catalyst like a partnership with $GOOG was announced today, it ...
2023-08-29 18:23:14 +0000 UTC
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Very nice move today, initially bouncing on the trend line and the 0.618 Fib, retested again and bounced very strongly.
A lot of stocks are enjoying some green today but this is still needed ...
2023-08-29 18:17:19 +0000 UTC
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Talk about keeping it tight! $FCEL hit exactly on the trend line of the wedge and found support, it will need to battle hard to keep this support line, below this line and it certainly is in troubl...
2023-08-29 10:01:16 +0000 UTC
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In our weekly update over the weekend, we said that we need $BABA to start recovering early this week to show some strength or it is at risk of losing the blue line support......and yesterday we sa...
2023-08-29 09:49:02 +0000 UTC
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We have the making of a clean Cup and Handle formation here with $NIO, a smooth decline, nicely rounding out on the 0.618 Fib and slowly starting an upward move.....the only variable of course is t...
2023-08-29 09:41:51 +0000 UTC
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This has been a pretty gruesome pull back for $RIOT, which leads me to believe that Wave A and B were quite short in July and the pull back since then has been a long extended Wave C to finish Wave...
2023-08-28 22:11:54 +0000 UTC
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No changes to the $PLUG chart, it desperately needs to find support soon, it has been rejected heavily by the trend line and the 200 Day MA and has lost the 50 Day MA as a potential support line ov...
2023-08-28 22:03:17 +0000 UTC
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Holding its structure still very well here and staying above the 50 and 200 Day MA here too.
There is also a possibility that this can come down to the 200 Day MA next too and hold here for S...
2023-08-28 21:59:43 +0000 UTC
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Battling like a lot of stocks at the moment to hold a crucial support line, which is in between our two blue lines at $8.20 and $8.50
Unfortunately the 200 Day MA is a good bit lower at $6.60...
2023-08-28 21:56:01 +0000 UTC
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This looks misleading because it gives the appearance that this is moving higher in an impulse wave but it has not been.
We can see that from the 3 waves up, the WXY, they each contain 3 wa...
2023-08-28 21:50:33 +0000 UTC
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Lost the long wedge trend line and now testing from below to see if it can be recaptured, if it is rejected here again then this confirms what we already think.....that this will follow the same fa...
2023-08-28 17:43:33 +0000 UTC
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Holding at the 0.618 Fib, which is our Wave A target and also the 200 Day MA and bouncing, moving very well here.....for what I believe is a Wave B bounce before going lower to complete Wave C.
...
2023-08-28 17:41:01 +0000 UTC
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Is fighting strong here, now sitting on the 200 Day MA and having a good day today, up +6% for the day so far.
We have been very impressed with how this is moving and in a very controlled man...
2023-08-28 17:38:09 +0000 UTC
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Another retest of the 200 Day MA and holds, this happened at the very start of June too and it bounced up to the previous high, which is at our blue line.
Since then, $MGM has been making hig...
2023-08-28 17:33:57 +0000 UTC
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I am watching $ZM reclaim the 0.618 Fib for support and we have the 50 and 200 Day MA above at $68.80 and $70.15. These levels will need to be recaptured again for this to show momentum to the upsi...
2023-08-28 17:31:19 +0000 UTC
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What happens with $AAPL, happens with the market.
$AAPL's pull back is almost mirrored in the market, we are not surprised by this as we have seen this happen all year.
So if $AAPL pull...
2023-08-28 10:02:01 +0000 UTC
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I spoke about the $DIDI EV sale to $XPEV in the $NIO post and so far $XPEV has been performing well to this news....even though this dilutes their shares by 3.25%, however it does help accelerate t...
2023-08-28 09:54:07 +0000 UTC
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It's another Monday morning and $NIO is green in the PM, most days last week $NIO started the day in the PM green but finished flat for the day, for me, this was a positive as it maintained a cruci...
2023-08-28 09:47:56 +0000 UTC
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$TSLA has bounced at our Wave 3 level and for the 10th time tonight, it is also in between the 50 and 200 Day MA.
Few things we can take from this, that all of these companies are moving toge...
2023-08-27 21:05:57 +0000 UTC
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Like a lot of companies and the $QQQ, it rejected at the 50 Day MA this week and this was also the yellow resistance line.
The price is now in between the 50 and 200 Day MA.....this has been ...
2023-08-27 21:01:28 +0000 UTC
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The best case scenario here is that Wave 4 is complete now, as the Wave 4 pull back was exactly the same length as the Wave 2 pull back and it found support on the 1.27 Fib at $353.
The worst...
2023-08-27 20:56:41 +0000 UTC
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I update this quite regularly so I think we all know where we stand here, I have trebled my position in $PYPL since this went below $60 and I am fully committed to this.
Am I waiting for this...
2023-08-27 20:51:46 +0000 UTC
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A lot of people are waiting for this to come down to our Fib targets between the 0.5 Fib and the 0.618 Fib, $13-$11....we can see again that the price is in between its 50 and 200 Day MA, so the 20...
2023-08-27 20:44:35 +0000 UTC
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$NKE had the toughest week and in my last update I made it clear that it was unlikely to hold and a decision needed to be made whether or not you wanted to sell and cut your losses or hold until th...
2023-08-27 20:41:57 +0000 UTC
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Another company that has an outstanding year to date and really felt the pull back since July, one of the strongest earnings reports of the year too and again we can see that the 200 Day MA is movi...
2023-08-27 20:38:44 +0000 UTC
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Another stock that looks like it may need to test the 200 Day MA before it can find support.....we can see that the 200 Day MA is creeping its way up to the 0.618 Fib at $30.78, if the market has a...
2023-08-27 20:33:41 +0000 UTC
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