We have another potential monster in the wings here...
Extremely beat up over the last 3 years and is consolidating in the buy zone now.
Remember, we have never had a price action that has broken DOWN below the buy zone bottom limit....always up.
eg: $ZM, $PYPL, $DIS, $BABA, $NI...
2023-12-28 17:37:12 +0000 UTC View Post
There is a potential strong move here for $XPEV.
The price has pulled back to the 200 Day MA and so far holding support and potentially completing Wave 2 once it holds above $13.09.
Wave 3 as always is set at the 1.618 Fib at $39 here.
Time frames are not always reliable for EWT...
2023-12-28 17:29:29 +0000 UTC View Post
So far $ABNB has held support on the 0.38 Fib, just at $136, which is also perfectly on the 200 Day MA on the 1hr chart too.
I believe this will hold and bounce for Subwave B before going lower.
If it does not hold here, then we could see a deeper overall retracement which is good wit...
2023-12-28 17:03:35 +0000 UTC View Post
$UNG had been consolidating sideways since June and could not develop into an impulse wave after completing Wave 5 down.
After breaking the previous support level at $5.90, it continued its rapid descent and has just found support on our First Target level, the Second Target is at risk here...
2023-12-28 16:58:40 +0000 UTC View Post
Forming a wedge here as it consolidates sideways in this Subwave 4.
I am seeing a bullish formation here, holding all of the important levels and comfortably above the 50 and 200 Day MA here, so the most likely direction for a breakout is to the upside.
$BTC has not been wrong for us ...
2023-12-28 16:24:41 +0000 UTC View Post
During the week we were watching the 50 Day MA moving up to meet the 200 Day MA on the 1hr chart, we said that a direction would not be taken when these MA's meet and said we were bullish.
This is what happened today at the opening, positive news from China was the catalyst, mixed with a bu...
2023-12-28 16:09:22 +0000 UTC View Post
Higher high today and pushing towards the 2 Fib and the gap fill area.
Momentum is behind this and the market is certainly aware of this gap fill up to $10.30.
The price action only pulled back -4% yester but recovered very well throughout the day, showing that bulls continued to step...
2023-12-28 16:03:04 +0000 UTC View Post
Double 0.618 Fib hold here for $BIDU and has bounced.
Up 4% so far in early trading, due to $BIDU announcing that they now have over 100 Million users on their equivalent ChatGPT.
The market likes this information.
Hang Seng rallied at the opening too as value buyers start to po...
2023-12-28 15:04:08 +0000 UTC View Post
$MET has not done much over the last 15 years but if you bought it each time it dropped during an economic event (2008 GFC, 2020 COVID Low) you would be up considerably, it also has a 3.14% dividend payment.
This is the weekly chart but I like how the price held the 0.5 Fib at the start of ...
2023-12-27 18:50:44 +0000 UTC View Post
Continues to push higher in a controlled manner and running below the radar of many.
I see very little resistance from here till our blue line at $50, a successful break out here and we are into the Bull Case and Wave 3 is confirmed once the price holds above $50.
Very nice long term ...
2023-12-27 18:41:45 +0000 UTC View Post
This is as close to clockwork as you can get.
200 Day MA on the weekly chart is at $98, so I suspect some form of support here but the general trend for the next 10 years is to the downside.
This channel has been in existence since 1980....so I do not expect it to change anytime soon....
2023-12-27 18:37:26 +0000 UTC View Post
$PFE is again testing the top of the falling wedge again, which is also the 200 Day MA line on the 1hr chart.
We can see that this level has been a formidable resistance line since August and has rejected at this level 4 times since October.
I suspect, sooner or later that this level ...
2023-12-27 17:36:16 +0000 UTC View Post
Very happy to see $ABNB continuing its descent today and it is just at the 0.36 Fib now, which is exactly at the 200 Day MA on the 1hr chart.
This is likely a confluence level that will offer support, so a 3 wave bounce for Wave B would be perfect here next, before going lower again for Wav...
2023-12-27 16:55:14 +0000 UTC View Post
No changes here and moving strong with very little pull backs.
I do like this stock but with this set up, it is not something I can buy now without a substantial pull back for me.
I will have no problem waiting or letting it go, there is a lot of opportunities available with similar p...
2023-12-27 16:50:14 +0000 UTC View Post
$FVRR was brought to your attention last week and there is no changes to this chart but it is worth looking at this again.
The price action have broken out of its wedge and it is now battling to flip the 200 Day MA at $28.16.
If $FVRR can flip this level to support, there is potential...
2023-12-27 15:17:14 +0000 UTC View Post
$LI has bounced extremely well on the 200 Day MA and is right now testing the 50 Day MA for the second time, I believe this 50 Day MA will be broken and this will move higher for our Wave 5 target.
The 200 Day MA offered support at the start of November and then again this week, I believe t...
2023-12-27 15:13:37 +0000 UTC View Post
Up 5% today and just made a higher high for the first time since October.
The price has also gone above the 50 Day MA too.
The first Gap starts at $42.52, getting to this level is a good start before approaching the larger gap at $48.50.
$SE has been the ultimate test of patienc...
2023-12-27 15:05:23 +0000 UTC View Post
$FSR is moving sideways and needs a catalyst to break it out of this direction, what it will be? we don't know but the chart is telling me that the market needs more information before deciding on a direction next.
What we want to see at least is the blue line being held.
It is a slip...
2023-12-27 15:00:04 +0000 UTC View Post
$CVS has been recovering very well and workings its way up through our targets.
I particularly like how it has just raised its head back into the long channel it was in for the last 2 years.
Holding above this level is a bullish indication and I believe it will continue moving higher ...
2023-12-27 14:54:27 +0000 UTC View Post
Bullish descending wedge here and testing the upper limits at $2330 now.
A break out here and hold above this level would put this in a strong position to move higher for our Wave 3 target at $2933 at the 1.618 Fib.
I am bullish on $ETH and I feel its been disconnected for too long an...
2023-12-27 14:50:04 +0000 UTC View Post
After such a strong say yesterday, we should not be surprised to see $NIO either flat or red today, if it ends green that is great but we usually experience some selling after a strong day for $NIO.
Back to back positive news keeps flowing out from $NIO and the market has enjoyed it so far....
2023-12-27 14:44:54 +0000 UTC View Post
$INDA, one of our safe havens has been making its move already.
Smart money appears to be very bullish on the Indian Market for the next year and I do not blame them.
Once the price action can break above the previous high at $50.85, there is a clear route to $56.55 next.
2023-12-26 18:40:45 +0000 UTC View Post
8% bounce today after jumping on the EV growth train.
But we know that this has been testing its long trend line for the last week regardless.
The price is just on the outside of the wedge line now too.....so there is potentially a strong move coming here, held a retest of the 50 Day ...
2023-12-26 18:27:52 +0000 UTC View Post
$ZM continues to hold above the 0.38 Fib which is the standard Wave 4 pull back level at $68.77 and is now forming an ascending triangle and it is testing the top line again at $74, a breakout here and holding and this is comfortably into Wave 5 and there is a move up to $78 available.
We w...
2023-12-26 18:13:27 +0000 UTC View Post
$BLNK has broke out of its wedge but still needs to get above the 200 Day MA at $5.30 to get rid of a lot of risk here.
A break out here and the blue line next at $9.68 is a test which is also the First Target and the Second Target is at $16.58
2023-12-26 16:37:40 +0000 UTC View Post
$BABA broke above the 200 Day MA and is now so far holding above this level at $75.70
Like we said yesterday, the 50 Day MA is coming up to meet the 200 Day MA and they are getting very close here, this usually results in a strong move and the indication here is bullish.
As long as th...
2023-12-26 16:29:22 +0000 UTC View Post
$CDNS has been in a strong climb since 2019, where it started at $35 and is now at $276 in Wave 5.
It appears to be following the market too and has one more leg up to $311 if it can break above this 1 Fib level and hold at $273.
I expect it to also move with the market and pull back ...
2023-12-26 16:25:50 +0000 UTC View Post
Very happy with how $ABNB has been moving, we are getting the pull back now that we wanted and we can see that the price action is moving down to the 200 Day MA on the 1hr chart which is also close to the 0.38 Fib at $136.
I would like to see this not hold this level and come down further, ...
2023-12-26 16:06:40 +0000 UTC View Post
$TEVA is just testing its long channel now that it has been in since the start of 2020.
A clean break and hold above this level at $10.50 could see a strong move up to the Targets above as shown.
The price is above the 50 and 200 Day MA here and trending upwards, $13 next is a possibi...
2023-12-26 16:00:59 +0000 UTC View Post
$NVAX has been beaten down since its Covid era high and is struggling to find support here and may go as low as its Covid Low in early 2020 at $3.56.
It has lost a crucial support line at $5.56 and has been drifting down since.
Losing this wedge again and $3.56 next is possible.