Back at the $0.62c level and holding above the 50 and 200 Day MA now, this is in a good position to start moving higher now.
I am also interested in adding $ETH now too so I will decide on which one to add.
Please look at both before making your decision.
I feel that $ETH is a b...
2023-12-22 18:36:14 +0000 UTC View Post
Another bounce at the $34 support level and has performed very well today.
We spoke yesterday of the need to get above the 200 Day MA on the 1hr chart and it has done that today too, a retest of this level at $38 exactly would be ideal but staying above this level we will accept too.
...
2023-12-22 18:33:33 +0000 UTC View Post
$BIDU with the double hold at the 0.618 Fib, first time at Wave 2 and now at the smaller pull back.
Also above the 50 Day MA now.
Some negative news towards Chinese tech companies today but this is Chinese policy makers trying to stop their children playing too many video games.....I ...
2023-12-22 15:09:58 +0000 UTC View Post
$SQ has broken above its yellow channel line in an incredible show of strength, so this is what I am looking at now.
It is still a provisional count because Wave 1 is still moving higher but I have calculated that if we get a run to $90 then the 0.38 Fib hits exactly at the yellow trend lin...
2023-12-22 14:59:17 +0000 UTC View Post
Almost an identical set up here to $OXY.
Was showing some weakness in November but has recovered well over the last week or so.
Wave 4 managed to hold on the 0.38 Fib which is the standard support level for Wave 4, the price is also back into the wedge and drifting higher to the top o...
2023-12-22 13:44:27 +0000 UTC View Post
Not a lot of movement yesterday but still managed to finish the day green and holding the 50 Day MA on the 1hr chart very well here.
It it looked ripe for a breakout to the upside here once it holds this 50 Day MA level at the 0.23 Fib at $61.66
A new high is still needed here for us ...
2023-12-22 13:12:47 +0000 UTC View Post
$CURE is a Healthcare ETF which was brought to my attention by one of our members that is very familiar with this sector and has extensive knowledge here and looking at its chart, I can see the attraction.
Wave 2 pulled back to between the 0.5 Fib and 0.618 Fib, it did not reach the 0.618 F...
2023-12-22 10:47:51 +0000 UTC View Post
Nice recovery yesterday after the sharp decline on Weds.
I like how the price held the 50 Day MA and the First Target and bounced with strength, bulls bought the dip from the weak and fragile holders.
PM is red today after Chinese policy makers have put some pressure on tech companies...
2023-12-22 10:38:44 +0000 UTC View Post
$ETH continues to lag behind $BTC and some other cryptos lately but I believe this is an opportunity, I do not see how $ETH does not start moving in the same way shortly.
We are in Wave 3 here which means we could see a large upward move very shortly to our 1.618 Fib at $2923 next.
$E...
2023-12-22 10:31:47 +0000 UTC View Post
BREAKING:
'Nike trimmed its fiscal-year revenue guidance on views for a negative topline performance in the current quarter.
Shares drop 11%, to $108.97, in after-hours trading Thursday.'
We knew $NKE was having a fantastic bounce for Wave 1 and wondering what ...
2023-12-22 00:06:40 +0000 UTC View Post
$ADA with the ascending triangle breakout today after I alerted this potential breakout this morning.
Looking good here for a bounce to the third targets at $0.68c next at least.
I was in the air today so I did not catch this breakout, so if there is a retest of the level at $0.62c, I...
2023-12-21 23:58:29 +0000 UTC View Post
I don't think anyone is in doubt of where this is going next.
The 1.618 Fib at $181 is acting like a magnet here and the trend is still remarkably bullish here.
I suspect that at the 1.618 Fib it will be met with resistance and will need to pull back for Wave 4 before it can go higher...
2023-12-21 23:52:34 +0000 UTC View Post
Tapped on the green line during the week and pulled back with the market yesterday but managed to find support on the 200 Day MA.
$UPWK has now managed to make a higher high and higher low this week now.
If this can successfully hold the 200 Day MA, it can make another attempt at the ...
2023-12-21 23:47:08 +0000 UTC View Post
$F is back at the table.
Very strong bounce here from $9.60 to $12.36 over the last 7 weeks and showing a lot of strength here too to come back that strong after the weakness losing the yellow line support in early October.
The price action also broke above the 200 Day MA today
...
2023-12-21 23:27:02 +0000 UTC View Post
After yesterdays weakness, the $VIX retested the blue line resistance and the yellow channel line resistance level from below and rejected at both levels.
So far it is not showing any reversal signs but a relief bounce and down again today.
We will keep a close eye on this whether it ...
2023-12-21 23:22:28 +0000 UTC View Post
Nice 8% bounce today after once again finding support just above the red line at the 1 Fib at $34's.
This is the 5th time it has bounced on this level.
News broke two days ago:
'E-commerce firm Shopee bought Brazilian fintech Blu's local credit arm, according to a regulatory...
2023-12-21 23:12:18 +0000 UTC View Post
$AMD has also lost its 50 Day MA on the 1hr chart yesterday and is unlike $PYPL and $BABA in that we believe it is due its Wave 2 pull back too.
I have added in the white Fibs level that we expect a pull back to.
The 200 Day MA is only at the 0.38 Fib at $124, so the pull back may be ...
2023-12-21 13:13:44 +0000 UTC View Post
$BTC is up nearly 10% after bouncing on the 0.236 Fib and looks like it wants to push for a higher high next above $44700.
Breaking above this level and Subwave 4 is in and this will continue moving up to our Wave 3 target which remains at the 1.618 Fib at $50k
Can this happen b...
2023-12-21 13:01:41 +0000 UTC View Post
$ABNB has pulled back more than most yesterday which we are happy to see because we have already determined that this has completed its Wave 5 and this is pulling back for its ABC correction unlike $PYPL and $BABA.
I have added in the green Fibs here as potential support levels for this pul...
2023-12-21 12:55:18 +0000 UTC View Post
$ADA has formed an ascending triangle here since its drop down to $0.55c.
A break above $0.62c and this could run up to our Third Target next at $0.68.c
This is a bullish formation as any time it has dipped, buyers have been stepping in, raising the low higher and higher.
Worth ...
2023-12-21 12:36:34 +0000 UTC View Post
There is a bit of a theme here today?
Our stocks have been pulling back to the 50 Day MA on the 1hr chart and finding support.
$BABA dropped 2.7% yesterday and now up 2% in the PM, almost recovering all losses, while savvy investors decided to buy the dip in the PM.
$BABA bounce...
2023-12-21 12:31:54 +0000 UTC View Post
$PYPL started the day very well yesterday and was approaching the previous high at $64.13 but then the market had another idea and there was rapid selling across all sectors.
Where did $PYPL pull back to?....exactly at the 0.23 Fib at $61.66 and above the 50 Day MA too.
Holding a high...
2023-12-21 12:27:54 +0000 UTC View Post
I think our group handled the pull back very well yesterday, I did not see many people dropping their heads and giving up, or any panic selling, but I saw people adding to their positions and embracing the pull back.
Same chart from the last one we uploaded and where did $NIO find support y...
2023-12-21 12:23:44 +0000 UTC View Post
Is another Mega Cap and leader in the health sector and the chart has been forming very well.
It made an attempt to test its previous high at $557 but rejected before attempting to break out, this is signaling to me that Subwave 1 of Wave 5 is complete and it is pulling back for Subwave 2 n...
2023-12-20 13:28:30 +0000 UTC View Post
Really good example of an ABC corrective wave moving sideways for 2023 to August, with Wave C finishing high, and as we know, when this happens, it is followed by 5 waves down.....this has formed perfectly on the chart and counted in red.
After Red Wave 5 completed it broke aggressively to ...
2023-12-20 13:23:39 +0000 UTC View Post
$GOOG is moving well this week after our buy alert and moving strong in the PM too, because it has broken above the yellow trend line on the chart, a new higher high at $140 today and the upward trend is confirmed again.
We are already up 4% on our buy alert last week with a lot more upside...
2023-12-20 13:16:34 +0000 UTC View Post
VanEck Oil Services ETF.
I had to go back as far as the 2008 GFC to properly determine the trend and wedge here to figure out the potential trajectory next.
The price action has stayed in a bullish trend since its Covid 2020 low and is approaching an important resistance line at our b...
2023-12-20 10:55:49 +0000 UTC View Post
The last time I uploaded this chart was on the 10th of March and I have not looked at it since....and back then, the price was still in the descending wedge, we have the First and Second Targets on the chart as shown and remarkably, they have acted as a perfect resistance level and range for the ...
2023-12-20 10:47:33 +0000 UTC View Post
Very little to add here, $ETH has pulled back but there is nothing to be concerned about, I believe it is nothing more than a healthy pull back before going higher to complete Wave 3 at $2956.
$BTC has been holding well above the $40k level, and crypto miners are aggressively moving again t...
2023-12-20 10:41:26 +0000 UTC View Post
I am not here to be the judge of any company, regardless of what they produce and Tobacco is not a sector I am attracted to....that being said, the chart does look well here and is similar to how $U and $ETSY looked before they bounced hard.
If $BTI can hold above $27, there is a lot of ups...
2023-12-20 10:37:27 +0000 UTC View Post