$DG is surviving nicely through its post earnings volatility and moving comfortably now....the 200 MA on the 1hr chart is at the 0.5 Fib now at $148, so I am watching this as a potential test of support, a hold here and we have our signal to add before a move to the upside as shown, to our Wave 3...
2024-03-25 16:58:57 +0000 UTC View Post
Wedge breakout here and it looks very clean.
I have added the First and Second Targets now, with the second target making a new high.....I expect an ABC correction after the second target is reached at $183, so be very disciplined here now because this is the type of stock that will suck yo...
2024-03-25 16:26:45 +0000 UTC View Post
Take this with a pinch of sale because they only IPO'd last week but two wedges formed here, if the price goes any way like the previous wedge breakout then there should be a move to the upside next and possibly back to $57 to our blue line.
Not something we regularly do here but it is some...
2024-03-25 16:11:29 +0000 UTC View Post
This is also why I am bullish on $OXY....US OIL has not comfortably broke above its 200 Day MA and is moving in a perfect arc in this Cup formation.
It also mimics out $OCY chart too.
50 Day MA is about to cross through the 200 Day MA this week too.
Wave 3 target remains at $115...
2024-03-25 14:32:00 +0000 UTC View Post
$MU reported earnings and EPS surprised by a 266% jump and the market has turned even more bullish on this.
$137 is the Wave 5 target here and this is the 3.618 Fib, which is very extended but in line with the sector right now.
Further signs that the Semi rally is not quite done yet.<...
2024-03-25 14:03:51 +0000 UTC View Post
Silver continues to hold above the wedge breakout level and I am happy with its movement now and that we got a retest of the wedge breakout level too....what we need to see next is a break above the previous high to make a higher high, so getting above the green line at $26 is enough for me.
<... 2024-03-25 13:44:58 +0000 UTC View Post
Very nice further bounce on the trend line breakout level today so far, what bulls want to see next is a higher high, so a break above $21 and Wave 5 is confirmed for me.
There is certainly a route back to between $25.30 - $28.50
2024-03-25 13:39:14 +0000 UTC View Post
$ETH holding above the 200 MA on the 1hr chart, this has been a resistance trend since the 11th of March.
So I am happy to see this flipped so far, we want to see $ETH hold above the 200 MA now, above $3430.
I also like how the pull back last week held the 0.618 Fib at $3312, indicati...
2024-03-25 13:35:16 +0000 UTC View Post
$OXY is on my watchlist this week, I have been waiting some time for this breakout and with a retest of the $63 level and a hold above and I will buy. I believe it is a strong non-correlated stock with the market and differs greatly from what I already own.
I try and add non-correlated stoc...
2024-03-25 13:28:57 +0000 UTC View Post
I am still not seeing any massive outflows from the market so far and in spite of the damaging weakness from $AAPL and $TSLA on this market, the market is staying resilient, so this must be a rotation into larger and mid sized companies in the S&P.
There is also a clean break above the ...
2024-03-24 18:41:09 +0000 UTC View Post
Powell gave the bulls a further lifeline this week and like I have said a number of times today, I believe this only delays the inevitable.
The price remains in this yellow channel, like $AMZN and can continue drifting slightly higher.....I think the Semi sector will continue to be the dri...
2024-03-24 18:36:11 +0000 UTC View Post
Quick upload here because I still believe this is in Wave 1 now and this pull back right now is Subwave 4 of Wave 1
Price is managing to hold above the 20 Day MA here and we are going to see a golden cross this week with the 50 Day crossing the 200 Day MA.
Nice bullish signals here to...
2024-03-24 18:18:24 +0000 UTC View Post
$PYPL is where it needs to be right now to make a strong move to the upside.
It goes without saying that I believe this is undervalued and since breaking out of the red channel and more importantly above the 200 Day MA, which has been a thorn in $PYPL's side, this has become quite bullish a...
2024-03-24 18:16:19 +0000 UTC View Post
Behaving itself nicely here and moving in a corrective wave as shown after holding on the 0.38 Fib at $22, so we are looking for more of a bounce here to Wave B but want a rejection before making a higher high from the end of Feb, achieveing this rejection and we can look forward to this coming d...
2024-03-24 18:13:16 +0000 UTC View Post
Tough week for $NKE and in spite of a double beat on earnings, the market did not like the guidance growth and it confirms our concerns which were already showing on the chart.
Price was struggling with the 50 and 200 Day MA and has gone below the yellow historical support level now too. 2024-03-24 18:09:53 +0000 UTC View Post
$MSFT is showing why it is king right now.
Money continues to flow in here as investors are seeking places to store capital but lets see how $MSFT handles the retest of the 2.618 Fib at $421 first before we can say that this will move up to the next Fib at $458, which is the 3.618 Fib.
<... 2024-03-24 18:06:31 +0000 UTC View Post
$INTC like $AMD did very little this week bare hold a crucial support level.....and as support is maintained, confidence will bring the bulls back to start adding again.
$AMD, $INTC and $TSM all look like they have not completed their impulse move yet and it remains to be seen whether $NVDA...
2024-03-24 18:00:39 +0000 UTC View Post
$GOOG has bounced incredibly strong since finding support on its 200 Day MA and management have been busy saying all the right words to the market and announcing partnerships.
It was only a few weeks ago where the market turned on $GOOG because of their Gemini mess up.......remember...
2024-03-24 17:55:39 +0000 UTC View Post
$F continues to look bullish compared to other manufacturers right now and certainly looking a lot stronger than many of the EV players too.
In a bullish channel now, having entered the channel from below, so the theory states that the trend should exit the channel in the direction of how i...
2024-03-24 17:49:41 +0000 UTC View Post
Powell propped up the market this week but for me this changes very little. I believe this only delays the inevitable pull back that is coming.
This chart is the perfect example of how the price can move slightly higher but stay in the bearish structure and below the 2.27 Fib resistance lev...
2024-03-24 17:46:00 +0000 UTC View Post
Because $COST went extended for Wave 5 and hit the 3.618 Fib, coupled with a very aggressive Wave 3, I can not see any other scenario then what I have presented here now.
We will see how the 50 Day MA is dealt with on a retest but I expect an ABC correction here next.....a 55% gain since Ju...
2024-03-24 16:58:43 +0000 UTC View Post
I am not seeing any signs of this pull back being complete for Wave A yet, I am just seeing some signs of testing the 0.236 Fib.
Wave A does align now with a flush down to the 0.38 Fib around the halving event, so after this event, I expect a bounce for Wave B but being very honest, it is t...
2024-03-24 16:54:12 +0000 UTC View Post
Very little to report or add here that we do not already know....there has just been a sideways movement here for the last few weeks/months, in a very tight range between $77 and $71.
$BABA needs the go ahead and catalyst from the HSI to start its reversal and until that comes, this continu...
2024-03-24 16:39:50 +0000 UTC View Post
$AMZN is still fighting to achieve $188 and the bulls are showing their teeth now and although the price action is still staying within the yellow channel, there is still a drift up and the red neckline was recaptured as support this week.
The $180 level was also hit this week....so only a ...
2024-03-24 16:34:12 +0000 UTC View Post
Many were waiting for a bounce this week but instead it stayed flat and held the 0.38 Fib level....most Semi's did not move this week either, $INTC is also stuck at its $42 level too.
I think as long as the 0.38 Fib is held on the 50 Day MA, a bounce for Wave B is the likely scenario next a...
2024-03-24 16:29:14 +0000 UTC View Post
There is very little in the way of $ABNB moving up to our Wave 3 target at $183, any pull back, which has been short, has been bought up instantly and continues to push higher and making higher highs and higher lows.
Comfortably above all important moving averages right now and not showing ...
2024-03-24 16:26:06 +0000 UTC View Post
$AAPL did not need that Anti-trust lawsuit case against them this week, it was already beaten up and this added fuel to their fire.
That being said, the price action still held the 0.38 Fib level and a hold here and this can still bounce for Wave B as we have expected.
We can see that...
2024-03-24 16:14:49 +0000 UTC View Post
I have been looking at this chart a lot and weighing up the options here for $TSLA and this is how I see it going:
With the 50 Day dropping aggressively and a weak sentiment in the sector, the $144 level is likely to be tested shortly.
Bulls need to hold this level or a lower low is m...
2024-03-23 11:59:28 +0000 UTC View Post
No changes to the chart, price is still doing a good job holding at our yellow support line which has been a strong support/resistance line, so converting this back to a support line is a good sign
It is also exactly on the 200 Day MA too
A continuous hold above this level at $16 and ...
2024-03-23 11:48:24 +0000 UTC View Post
Solana has gone very extended for Wave 5 for me and has run from $7 to $210 from Jan 2023 to March 2024.....which is an outstanding climb.....especially since the majority of this climb came after November '23.
We had this going as far as the blue line to $143, which would have been a stand...
2024-03-23 11:33:31 +0000 UTC View Post