$NIO delivered 15,620 vehicles in April 2024, representing a strong increase of 134.6% year-over-year. The deliveries consisted of 8,817 premium smart electric SUVs, and 6,803 premium smart ...
2024-05-01 13:24:59 +0000 UTC View Post
I think Solana is moving ahead of $BTC right now and will have no issue making a lower low next, I would be paying particular attention to the 200 Day MA here as it moves up to the 0.5 Fib at $108, making this a strong confluence level and 3 perfect corrective waves would be visible then.
F...
2024-04-30 18:39:54 +0000 UTC View Post
I don't believe this Wave 4 is complete just yet because I only see 2 waves present so another pull back to test the 0.38 Fib at $65 would be ideal here next before it can move higher to the Wave 5 target at $73.
The 50 Day MA is also moving up to the 0.38 Fib for assistance if needed for s...
2024-04-30 18:36:43 +0000 UTC View Post
I have added the 1hr chart and the daily chart here.
The Daily chart is just to show how close the price went to the 50 Day MA before rejecting.
And we got the clear test and rejection today.....but like I said in the group chat, it is only Tuesday and there are important earnings out...
2024-04-30 18:32:14 +0000 UTC View Post
$SOFI did not get the desired reaction post earnings as the bulls wanted. The 50 and 200 Day MA was not successfully flipped to support, the 50 Day MA rejected almost immediately.....unlike $PYPL that went into its earnings day above its 50 and 200 Day MA and moving quite bullish.
$SOFI is ...
2024-04-30 15:58:38 +0000 UTC View Post
We are seeing a rejection on the $QQQ chart today, it is the first attempt, there is nothing to stop $QQQ testing the 50 Day MA from below again....especially after the big reports that are due out this week.
But if the 50 Day MA continues to hold support here on the $SQQQ chart then we sho...
2024-04-30 15:53:37 +0000 UTC View Post
Cleanly breaking above its previous high now and moving in a controlled manner.
Ex-dvidend date is on the 13th of May so we are likely to see this progression continue, as long as the market doesn't have a complete melt down between now and Thursday.
I am happy to still be holding a p...
2024-04-30 14:53:16 +0000 UTC View Post
$AMD reports after the close today along with $AMZN, $SMCI, $RIOT and $SBUX.
This will not be a small event and likely to get some strong swings.
$AMD is a chart we have followed closely and caught the Wave 3 bounce when Wave 2 ended and still up 60% from our initial buy.
$AMD ...
2024-04-30 14:49:56 +0000 UTC View Post
$HAL for the 8th day in a row has tested its 200 Day MA and held.
We can see that the 50 Day MA is moving up from below to offer further asisstance
I will be watching to see if this will act as an indicator to send this higher to our Wave 5 target.
I am still holding my position...
2024-04-30 14:44:21 +0000 UTC View Post
Also highlighting this again because Colgate have given us exactly what we wanted to see and with excellent precision.
It broke out of this long consolidation in March and perfectly retest the $86 level and held, followed by a strong bounce.
Textbook here and targets are above as show...
2024-04-30 10:24:52 +0000 UTC View Post
I am highlighting this again because since I uploaded this last, we've had a retest of the trend line from above and held support with the assist of the 200 Day MA, so a successful conversion and confirmation of support now.
Earnings are also due on the 7th of May next Tuesday.
Chart ...
2024-04-30 10:22:00 +0000 UTC View Post
$RIOT has not been as strong as $CLSK and it is likely down due to their margins being atrocious.....just because a company is associated with $BTC it still needs to be efficient.
Broke down from this wedge and below the 50 and 200 Day MA and rejected at these averages this week too.
...
2024-04-30 09:57:45 +0000 UTC View Post
Ok today we got the breakdown that we spoke about yesterday, pull backs move in 3 waves and we had only 1 wave down and holding on the 0.38 Fib which would have been shallow for a pull back, now we have a pull back routing towards the 0.5 Fib and the 50 Day MA at $26.
The plan remains the s...
2024-04-30 09:49:25 +0000 UTC View Post
$DKNG rejected at its 50 Day MA yesterday after making a good attempt at getting above it, initially broke above but it did not manage to stay above the $43 level.
The impulse wave looks structured very well for me and what is most interesting is how Wave 5 was very obedient to the rules of...
2024-04-30 09:25:02 +0000 UTC View Post
Interesting set up for $MOS going into their earnings report tomorrow.
The price has broken out of this long wedge since the start of 2022 and holding above the trend line since the start of April.
The price is still above the 50 and 200 Day MA so the market is not fully convinced yet...
2024-04-30 09:18:08 +0000 UTC View Post
OK a few people asking whether or not $DG is still valid because Wave 4 infringed upon Subwave 2.
Good question and I like how people are watching to see if the rules of EWT are being followed but lets take a look at Lesson 4 Part B.....so there are two exceptions when the waves can overlap...
2024-04-30 09:10:33 +0000 UTC View Post
Big day for $PYPL as they report shortly.
$PYPL has moved as bullish as it could have leading up to this report, by holding on the 50 and 200 Day MA, getting a golden cross at the start of April and moving in an impulse count, while breaking above the $66.50 blue line just before the report...
2024-04-30 08:52:29 +0000 UTC View Post
Also a test of the 50 Day MA here today too and so far a rejection and down -7% right now.
$COIN and $BTC are moving with the market.....there are pros and cons to this
PRO: the market considers this a legitimate asset class now
CON: It is not a hedge against the market......for...
2024-04-29 19:43:18 +0000 UTC View Post
Berkshire is one of the strongest Mega Caps fundamentally but we can see clearly on this chart that there was a retest of the 50 Day MA from below and a rejection.
If this can happen to $BRK, $MSFT, $AAPL and $BTC then this can happen to the market.
$TSLA today enormously helped the m...
2024-04-29 19:40:46 +0000 UTC View Post
$SPY went within $0.25c today of the $511 which is the 50 Day MA so we can consider this a test of the moving average and although it did not break above or pull back hard, I will restrain from calling this a rejection just yet.....unlike $MSFT and $BTC which cleanly tested their 50 Day MA and re...
2024-04-29 19:35:14 +0000 UTC View Post
$MSCI has been consolidating in this wedge since 2021 and this is a common sight for a long Wave 4, especially as the price holds above the 0.38 Fib.
Margins here look fantastic, with a net profit margin of 44%
If the wedge is lost then this can move down to the 0.5 Fib at least to $3...
2024-04-29 15:24:40 +0000 UTC View Post
$MP has seen some resurgence since March as there was a notable move back into precious metals and $MP benefited from this rise, it also managed to find support on the bottom of the channel too.
But $MP is at its last Fib support level now, so it needs to start showing strength before we ca...
2024-04-29 15:19:10 +0000 UTC View Post
Aston Martin is on the London Stock exchange, so they deal in pennies instead of pounds, so in this case it is 155p share price right now.
AML is still in a very long descending wedge that it has been in since 2020 and continues to drift down inside the wedge.
Since April it has found...
2024-04-29 15:14:44 +0000 UTC View Post
A number of people have requested this lately and there is very little to report, I suspect the reclaim of the 50 Day MA at $1.75 has excited some people but we can see that this has been consolidating along its lows since Feb and staying within a tight range here too.
A break below the Feb...
2024-04-29 15:09:02 +0000 UTC View Post
$ONON continues to hold this pull back pack above the 0.5 Fib and there has been some consolidation here on this support level.
Earnings report is not due until around the 14th of May and it has not been announced yet, so there is still some time until this happens.
I suspect this may...
2024-04-29 15:01:03 +0000 UTC View Post
Got a bounce from $14 to $21 and now pulling back, so I have added in the white fib levels to show where support can come.
A hold at any of these levels will mean that Subwave 2 of Wave 5 is complete and this can move higher.
Failure to hold at one of these levels and it is back down ...
2024-04-29 13:56:15 +0000 UTC View Post
SILVER is still defending the 0.236 Fib at $27 with its life but it is not enough to trigger me to add just yet as there is still a risk for this to move down to the next Fib at 0.5, where the 50 Day MA is moving up to.
A decline to this level at $26 and holds, then I will add to my positio...
2024-04-29 13:51:35 +0000 UTC View Post
$YINN has been a big winner for our group and it has moved incredibly well and controlled, in fact I have not seen a leveraged position move as well as $YINN.
Cup and handle formation, into consolidation and using the 50 Day MA as support, then breaking out of the channel to the upside and ...
2024-04-29 10:10:06 +0000 UTC View Post
$BIDU is breaking out in the PM now after signing a deal with $TSLA to allow them to use FSD in China on their map platform.
$BIDU is considered the $GOOG of China so this was a great win for both $TSLA and $BIDU and both are up big in the PM now.
We want $BIDU to hold on the outside ...
2024-04-29 10:06:19 +0000 UTC View Post
Very clean breakout for $KWEB, the 200 Day MA and the 0.5 Fib at $26.69 was also at the breakout level so it was a strong confluence level, meaning that the bulls stepped in strong to break through this level
What I would like to see next here is a retest of this breakout level before movin...
2024-04-29 10:02:35 +0000 UTC View Post