Price is staying above the 0.5 Fib for the second day in a row now and this is a welcome sight leading up to earnings next week.
We can see that the 50 Day MA offered resistance yesterday but the pull back since then has still be able to stay above the 0.5 Fib.
So no need to do anythi...
2025-05-01 19:54:50 +0000 UTC View Post
$BIDU has bounced up to its 50 and 200 Day MA resistance level at $89.20, price may consolidate under this level but we should expect to see a breakout to the upside here shortly and test the channel top line again at $94.
We know that this is the important resistance level that needs to be...
2025-05-01 19:44:14 +0000 UTC View Post
$AAPL reports after the close today, along with $AMZN.
Yesterday was the easier day for the Mega Caps with $META and $MSFT but $AAPL and $AMZN are a lot more exposed to the Trump Tariffs, so this will be a very important earnings evening for us and the market.
$AAPL tested its amber 0...
2025-05-01 16:16:04 +0000 UTC View Post
Solid response today and regaining the losses from yesterday, after a successful test of the 0.5 Fib at $31.64.
Price is now above the 50 Day MA at $33.90 and is just at $35 right now.
I would like to see the price action hold above $33.90 to finish the week and this will set us up ni...
2025-05-01 16:09:44 +0000 UTC View Post
Looking very similar here to the $HIMS chart, strong rise in Feb and went parabolic, followed by a strong pull back to its own blue support line at $18.75 and in between the 0.618 Fib and 0.78 Fib range, where the 200 Day MA has cut through the centre.
We can see that the 50 and 200 Day MA'...
2025-05-01 13:11:49 +0000 UTC View Post
$MOS continues to move higher after breaking out of its 2 year channel
Price also retest the channel from above and held above the blue support line that has been in place since 1991.
Next test will be the 0.65 Fib at $32, which was a former support level before turning into a resista...
2025-05-01 13:06:38 +0000 UTC View Post
$ADBE showing support on the 0.78 Fib at $351 and already at $377 now, with the 50 and 200 WMA at $475 right now.
Fundamentals are still very strong here, with a PE of 16 and Net Margin of +30% and looking at confirming Wave C is complete here.
In terms of Risk v Reward, $ADBE looks v...
2025-05-01 11:41:52 +0000 UTC View Post
A number of requests for this chart but nothing has changed since I first started charting this 2 years ago in May 2023.
It has been perfect.
The recent decline may have spoked people but we can see that the price is already back above the important bull case blue line at $50 and look...
2025-05-01 11:32:20 +0000 UTC View Post
NIKKEI In a very similar situation to the US market right now.
Price has fallen twice to 30,265, on the 5th of August and the 7th of April.
A test of the 50 WMA looks set here next too at 38,000
The US and Japan both look set to test their 50 WMA at the same time
Both n...
2025-05-01 11:14:28 +0000 UTC View Post
Held on the yellow support level and the 0.78 Fib throughout the April storm and now routing back to the 200 WMA at $115 I believe
Impulse Wave 3 at $313 has not changed for me.
Earnings next Tuesday, after the market closes
The downside risk will be a retest of the yellow suppo...
2025-05-01 10:59:54 +0000 UTC View Post
May Deliveries:
'NIO said Thursday it delivered 23,900 vehicles in April, up 53% from the same month last year.
The company said the total included 19,269 NIO-branded vehicles, 4,400 from its ONVO line, and initial deliveries of its Firefly brand.
Year-to-date...
2025-05-01 10:42:18 +0000 UTC View Post
$EL ER was not particularly exciting and reiterated their concerns that they continue to be on a difficult road.
Price managed to hold on the last Fib support level on the 0.887 Fib at $50 leading into earnings, price was also moving towards the channel breakout level, which has been in pla...
2025-05-01 10:14:40 +0000 UTC View Post
This is the big one for us and they report after the market closes today.
The market will be watching this closely, not much concern was directed to $META as they are software company dominantly but $AMZN is directly affected by the Trade War as 71% of all products sold by Amazon in the US ...
2025-05-01 09:41:30 +0000 UTC View Post
A double beat on earnings and increased their Capex limit they shared in their previous Earnings.
Price has reacted very well and between $META and $MSFT reporting yesterday, the entire market has seen a strong green wave in the PM today.
With $META we continue to watch where the Wave...
2025-05-01 09:34:34 +0000 UTC View Post
$MSFT was the first company to start its correction and it started on the 1st of July with a top at $468 and then declined for 9 months and pulled back to the 0.5 Fib at $344, just above the 200 WMA.
Price is now already back above the 50 WMA, which is also a first for any of the Mega Caps ...
2025-05-01 09:29:59 +0000 UTC View Post
Yesterday morning when the weak economic data came out, there was a lot of concerns, negative GDP growth for the Quarter is the first indication that the US is on the track to confirm a recession....but as the day progressed, the market recovered and finished green, after being down -2%.
It...
2025-05-01 09:23:56 +0000 UTC View Post
Would you look at this for art.
+13% today and +26% up since our buy alert....but that's not the artistic beauty.
Price hit the 1.618 Fib today perfectly and holding for Wave 3, Wave 4 aligns perfectly with a retest of the 200 Day MA at $5 and the Wave 5 Target aligns EXACTLY with the...
2025-04-30 19:49:26 +0000 UTC View Post
My commentary under the $SOFI chart two days ago:
'$SOFI does have a habit of being volatile after earnings, so a retest of the green line and the 200 Day MA could be next at $11.60, a hold here and it would be a suitable place to add to catch the momentum higher once the earnings is a...
Although you may not feel it but today could have been a lot worse for $HIMS and could have given back a lot more but it managed to hold on the amber support levels that we showed on yesterday evenings update.
So there are no changes here.
Subwave 4 is still in place and Subwave 5 ca...
I think the market brushed off those weak economic numbers today fairly well but it could be a signal of what is ahead and that is what we should continue to plan for when the price tests the 50 WMA which is still above at $566.
Mega Caps report this week with $MSFT and $META in 30 minutes ...
2025-04-30 19:34:16 +0000 UTC View Post
Price held exactly at the 0.618 Amber Fib at $96.1k.
The market has identified the significance of this level and as we know, it is an important one.
Only a test of resistance so far and $BTC is ahead of the market still.
But I am still concerned with the 3 wave bounce since $74...
2025-04-30 15:18:06 +0000 UTC View Post
$VIX is up +6% today but it is not showing much concern if I am being honest.
I am not seeing panic, right now we have a market test of resistance and people are not running from positions.
We can also see that the price is just at its 50 Day MA, losing this level at $25.60 and the ne...
2025-04-30 15:15:26 +0000 UTC View Post
Ok, why did the $QQQ reject where it did?
The price action hit the 50 Day MA exactly at $476 yesterday and pulled back harshly today after weak economic data was released.
The market front ran the economic data yesterday, anticipating a weak result and sold off on the news.
Thi...
2025-04-30 15:10:55 +0000 UTC View Post
ER came out after the market closed yesterday and it was a double miss, meaning they have missed 5 times out of their last 6 ER's now.
Which will explain how the share price continues to stay in this long triangle since 2021.
Price is now below the 50 and 200 Day MA and a retest of th...
2025-04-30 11:05:37 +0000 UTC View Post
We are big fans of what $ACHR is doing and we have a position, we want exposure to this sector and this could be a fascinating market opening up in the next decade.
Price has broken out of the bullish wedge, broke above the 50 Day MA and enroute to the blue line at $9.73 which we have been ...
2025-04-30 10:46:44 +0000 UTC View Post
Weekly Golden Cross now on one of the strongest safe havens in the market.
The price action and the chart have been incredible since we first started charting this in late 2023.
Dividend is also +6.9% and the price action still can move up to our Wave Y target at $47 and go beyond if the...
2025-04-30 10:19:31 +0000 UTC View Post
ER after the close later, price is above the 50 and 200 Day MA and the retest of the 0.618 Fib after a 3 wave pull back was flawless.
It is hard to see anything but bullish here right now
Earnings just needs no surprises today and the price action can return to previous highs next at ...
2025-04-30 10:15:15 +0000 UTC View Post
I am starting to turn very bullish on $NVO.
The partnership with $HIMS could signal a large turnaround for $NVO.
Price is already testing the 0.618 Fib now at $65 in the PM too.
I think at the very least there is a return to the white fibs between $102 - $111, if there is no rej...
2025-04-30 10:06:52 +0000 UTC View Post
$PFE reported earnings yesterday and although it wasn't clean (revenue slight miss by -1.5%) it was still better than expected and the strong pull back leading up to earnings is likely factored in now.
We added at $21 and the price is testing $24 now in the PM, so we are happy with our buy ...
2025-04-30 09:59:36 +0000 UTC View Post
$OSCR was getting a lot of attention from us online after $HIMS rallied yesterday and many I believe were following our lead and added to $OSCR too.
The share price had already bounced on the bottom of the wedge so it appeared to be the ideal stock to add in order to catch the upward moment...
2025-04-30 09:45:19 +0000 UTC View Post