A stock that has been beaten up is possibly coming close to its judgement. A bounce at the support line looks good so far but it is too early to say if the bottom is in yet. A break out of the wedg...
2023-01-16 11:31:16 +0000 UTC View Post
As I have just uploaded with Grab, the same formation is forming here but it has not broken out above yet, something to watch now, if it does break out and finds support, I see no reason why it can...
2023-01-16 11:28:59 +0000 UTC View Post
We have seen a few formations like this lately, a pole and flag (wedge) and then a break out above, seen in BABA, META, NKE and CROX. Likely to continue to complete Wave C. Watch for the extended W...
2023-01-16 11:26:34 +0000 UTC View Post
Same situation as bitcoin really, a pull back is needed and where it finds support will determine it's next move. I think a break above the channel and the worst is behind Mara, indicated where the...
2023-01-16 11:24:27 +0000 UTC View Post
I have cleaned this chart up and tried to leave only necessary information on it now. Wave B or Wave 2 look complete so the big question now is whether or not it can break above $15 and hold. Above...
2023-01-16 11:22:17 +0000 UTC View Post
New lows here and only 3 waves down are clear in this down trend so I believe we are in Wave 4 now before Wave 5 down is complete.
2023-01-16 11:20:04 +0000 UTC View Post
In a wedge now, breakout above and flip the blue historical resistance line, we are into the bull case. A break down and needs to hold the blue line below.
2023-01-16 11:18:26 +0000 UTC View Post
Like Bitcoin, I am not convinced the bottom is in yet but this ending diagonal leads me to believe that the nuclear option of it basically collapsing to worthless territory may be gone. $700 is rea...
2023-01-15 17:52:06 +0000 UTC View Post
Nice little parabolic move to end last week, which is typical for the end of a trend, especially wave 5. This is not where you should chase, some people would feel the urge here to buy. Smart money...
2023-01-15 17:44:08 +0000 UTC View Post
Looking like an ending diagonal to finish this Wave C (amber). Once this can stay above $10, I believe a bounce is possible to complete Wave C (red)....I think it is still too early to say th...
2023-01-15 17:34:00 +0000 UTC View Post
Is Xpev doing what we expect Nio to do next? their wave 2 looks obvious now and a drop below the start of wave 1 and the bear case looks confirmed.
I believe NIO has a better brand and produ...
I think it is safe to say that we are in the bull case, around the 1.618 fib now so a pull back is likely before completing Wave 5.
2023-01-15 17:25:03 +0000 UTC View Post
The upward trend over the last week in the market has invalidated the VIX chart and it is approaching a number of supports now.
A few conclusions can be drawn from this so take what you can ...
I think we are all aware of the NIO chart at this stage, as we update this chart daily. Quite simply, if it gets back into the wedge and holds, then we are bullish, if not, then we go down.
...
Very neat trend so far, the downward trend appears to move quickly, I see very little in terms of support until the blue line. If we can get KO in the buy zone, I recommend this as a buy, it's moat...
2023-01-15 17:06:28 +0000 UTC View Post
Very little to update from the last time we uploaded this chart, sneaking back into the wedge and it could continue deeper into the wedge but until a breakout above, I am not bullish here.
...
HD has behaved very disciplined so it is hard to see any other scenario for now....a recession is likely to damage HD's bottom line as a slow down in the housing industry is possible.
A bre...
I think we are starting to see a theme here. Red channel and a price action showing a potential to turn bullish, if it does not break the channel then it continues lower.
New low and we are ...
Both projections are still in play but both still lead to the same price target at $7. A recession is a tough time for cyclical stocks and you do not get more cyclical than the auto industry, Ford ...
2023-01-15 16:48:08 +0000 UTC View Post
ABNB has broken out of the wedge so now the next test is the channel which a lot of tech stocks are in. I have added a Bull case now as though the bottom has hit just before the new year, which mea...
2023-01-15 16:44:48 +0000 UTC View Post
Like we have said for a number of weeks now, Semi's are performing at a different stage to other large tech stocks. INTC is looking very strong here, it has pulled back very nicely to what could be...
2023-01-15 16:36:17 +0000 UTC View Post
MSFT is a good bit below it's upper limit red resistance line and I do not see 5 waves since it's last attempt at the resistance so I am leaving the early bull case scenario out for now.
Onc...
I uploaded an AMZN chart on Friday but I wanted to clean it up a bit and add in the bull case because a bounce at the Covid low can be seen as a strong support line. The red (3) (4) and (5) are sti...
2023-01-15 16:28:08 +0000 UTC View Post
The big techs are very much in the downward trend, I have added a bull case for Google, showing that Wave 2 of an impulse wave could be completed now and it is starting Wave 3...this is not what I ...
2023-01-15 16:19:25 +0000 UTC View Post
Ok I think it is valuable to add in the bull case because I have seen a lot of confusion over the last week and on Twitter and ultimately, someone is going to be right, a lot of people I respect ar...
2023-01-14 20:11:30 +0000 UTC View Post
I am in no way buying this pump, for one, we do not like to see parabolic moves, as it shows repeatedly that what goes up fast, can come down even faster, this is not strength, this is people jumpi...
2023-01-14 19:48:30 +0000 UTC View Post
Oddly enough, $AAPL's chart has not looked bullish and has not even tested any previous resistance in the last week, like a few stocks and indices. So again, people may be bullish about the market ...
2023-01-14 19:39:05 +0000 UTC View Post
Again I've cleaned this up a bit by taking out some lines and leaving the labeled counts instead. This has been very disciplined following our count so I see no need to change anything or offer an ...
2023-01-14 19:33:38 +0000 UTC View Post
This has really been strong since it's Wave A (Red) bottom and earnings, in spite of a lot of volatility, this continues its trajectory, Wave A (amber) can complete very shortly around the 0.5 Fib ...
2023-01-14 19:30:05 +0000 UTC View Post
I've cleaned up a few charts by taking out the lines and leaving in the number and letter counts instead so everything looks clearer, I am mindful that EW counts may be new to some people and a lot...
2023-01-14 19:26:13 +0000 UTC View Post