$AMZN keeps pushing higher, I am happy to see this but also disappointed from a greedy perspective because I want more at a lower price.
We can see the channel it is in now and a very clear upward drift.
The 50 Day MA is just at the lower channel line now....this would be a gift if we...
2023-11-22 15:46:06 +0000 UTC
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Holding so far outside of the trend line but still hasn't made a push above the 200 Day MA at $28.75.
I am happy to see this holding above the trend line but I think getting above the 200 Day MA would turn this into a buy for me.
I know members have been adding this already and I see ...
2023-11-22 15:39:34 +0000 UTC
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Another popular crypto stock that has made a strong move since its all time low line at $3.55.
It has not broken out of its wedge, just like $ADA yet, unlike $SOL, but it is pulling back to its 200 Day MA, more than likely due to what has happened with Binance over the last 24hrs.....that b...
2023-11-22 15:34:45 +0000 UTC
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No changes to the $NU chart, Wave 5 remains at the 2.618 Fib at $9.77.
After Wave 5 completes, it should get its ABC correction down.
It is also worth watching the 2.27 Fib at $9 too as a potential top for Wave 5 as well
But so far the price is above its 50 and 200 Day MA and ha...
2023-11-22 15:23:30 +0000 UTC
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The company that owns the Sphere in Las Vegas has caught the imagination of many people around the world and they have been amazed with what they have been able to do to transform the live entertainment world.....not to mention work as a 24/7 interactive advertising board.
I believe many co...
2023-11-22 13:33:12 +0000 UTC
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Price pulled back with the market yesterday and the price hit the 0.38 Fib exactly and held.
Good sign here and we want to see it hold this level in order to go higher for Subwave 5.
So far we can only see 3 waves up so it is still at risk of just being a corrective bounce, so it is c...
2023-11-22 13:21:19 +0000 UTC
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As long as we stay above $7, the impulse count remains valid.
We know how slow $NIO has been moving so we will focus on the price targets and not the time scales.
I can't make another count while the rules are still valid.
First thing's first is holding above the wedge and stayi...
2023-11-22 13:15:35 +0000 UTC
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$VIX continues to be in a drift down state and is fast approaching our level below 11, a far cry from the 23 level it was at towards the end of October.
Still red today, in spite of negative sentiment in the market today but this is all part of the process, $VIX may get a relief bounce shor...
2023-11-21 19:43:20 +0000 UTC
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For the second time in a row, the day after $ZM reported its earnings, there was another stop loss raid, falling as low as 5.5% at the opening and recovering now and in the green.
I do not like to see these raids but they are common and one of the main reasons I am not a fan of tight stop l...
2023-11-21 19:34:57 +0000 UTC
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$V has now made a new All Time High and has been following our projection perfectly.
Flipping this blue line to support at $252 with a retest will also be a buy signal and I do not see this being any issue for $V.
The 1.618 Fib is at $365 and I have it conservatively moving here over ...
2023-11-21 19:31:21 +0000 UTC
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$LAC broke to the downside of its triangle, after it could not hold the 0.618 Fib and the bottom trend line of the triangle.
It has since found support on the 0.78 Fib at $6.40 but it remains to be seen if this is the final support for $LAC.
As long as the price action is below the 50...
2023-11-21 19:26:50 +0000 UTC
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Something is happening in $FSR HQ and it doesn't appear to be good news.
A second CAO resigned in 3 weeks this week, so this is not a good sign and the market is going to town on this now, excessively but taking advantage.
We do not know what is going on here but I suspect there are i...
2023-11-21 18:45:36 +0000 UTC
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Buy zones are on our charts for a reason.
More times than not, when the prices of our favourite stocks enter the buy zone, they consolidate for a short time and bounce out of it quickly, in the matter of weeks.
$KO, $ZM, $SQ, $DIS to name a few lately.
The problem with this is t...
2023-11-21 18:36:25 +0000 UTC
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I think it is clear now which trend this is in.
The downward channel has not looked bullish since it got rejected at the blue line 3 times before November and I warned of the significance of the large white oval area.....that this was an ABC correction and it is followed by 5 waves down nex...
2023-11-21 18:22:24 +0000 UTC
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I haven't posted $CVS in awhile, mainly due to the price consolidating in this descending wedge since June, it has tested the blue line at the 0.65 Fib at $72 a few times but has not been able to break out of this level, so it may continue to drift into the apex of this wedge and then make a deci...
2023-11-21 18:18:23 +0000 UTC
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Some movement over the last 5 days towards pulling back but I will need to see more.
I remember in August after their earnings reported strong and I said I believed that $AMZN would reach $120 again and if it happens, I will add significantly....it took until the end of October for this to ...
2023-11-21 18:13:00 +0000 UTC
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Still in this descending wedge, still above the $7 low and still no announcement about when they will report their earnings.
The price is still staying under the 200 Day MA on the 1hr chart at that elusive $8 level and I think it will continue in this trend until their earnings is reported,...
2023-11-21 18:08:17 +0000 UTC
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I am bullish on this chart and I have been for some time, the price action consolidated with the market pull back from August but it never looked like losing structure.
The price also pulled back to the shallow 0.38 Fib but found comfortable support here and has since bounced on this level ...
2023-11-21 07:29:47 +0000 UTC
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$ONON has just raised its head above the trend line but has stopped just short of the 200 Day MA. So I believe there is a move coming shortly, bulls want to see the move as a flip of the 200 Day MA to a support level and not reject here.
If the price can break above $28.80 and hold above th...
2023-11-21 07:20:13 +0000 UTC
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Members will know that I am a big fan of $DAL and we have made a lot of money from $DAL in May and sold at the top at $50 just before earnings and it worked out very well for us, as the price dropped aggressively afterwards.
The price has come right back down to the 0.618 Fib and has found ...
2023-11-21 01:30:23 +0000 UTC
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After the first trading day of the week, I can now eliminate the second impulse wave and we can count a more accurate Wave 3 projection with only one impulse wave showing.
Since our Wave 1 continues to go higher, this also pushes the 1.618 Fib level higher too, right now, the 1.618 Fib sits...
2023-11-21 01:18:32 +0000 UTC
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$TSM has been starting to make its move now, along $AMD and $INTC who are slightly ahead.
This could be a good opportunity for those who have not bought any Semi companies yet.
I have added in the small subwaves now from this move and showing where I have Primary Wave 3 at the 1.618 F...
2023-11-21 01:08:54 +0000 UTC
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$OPEN has come down to its 0.78 Fib to find support at $1.86 and has so far found it but the price needs to get above the 200 Day MA next $2.50 and then our blue line at $3.05 to confirm the bull case and a move up for Wave 3.
As long as a price action is below its 200 Day MA, it is at risk...
2023-11-20 16:37:42 +0000 UTC
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Cardano has been consolidating here since it reached a high of $0.40c and has been moving sideways and over the last few hours it has started to make a move higher again.
My chart has not changed and I believe a retest of my blue line at $0.42c is imminent, a successful break above this lev...
2023-11-20 16:24:19 +0000 UTC
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$IQ is slowly drifting higher after impressively holding between the 0.78 - 0.618 Fib levels since July.
Now it is starting to make its impulse move higher but the next big obstacle in its way is the 200 Day MA at $5.50.
Flipping this level to support will be crucial, if the bul...
2023-11-20 16:05:30 +0000 UTC
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Onwards $SQ goes and almost reached a pivotal moment today at $60, which is a far cry from its low at $38 only a few weeks ago.
The 200 Day MA is fastly approaching today and I just can't see how this bounce can continue past the 200 Day MA without some pull back, so I have added in the whi...
2023-11-20 16:02:17 +0000 UTC
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$ZM is making all the right moves before its earnings report later today.
I don't expect any surprises here from $ZM but likewise I am not expecting any show stopper beats from their report either.
I expect a double beat in line with expectations.
What I would like to see is a n...
2023-11-20 15:57:25 +0000 UTC
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$ABNB has started off the week as we wanted it to.
Holding the 0.38 Fib level and keeping this current count valid by not infringing on the Subwave 2 area.
As long as this controlled move continues, I expect it to run as high as the 2 fib at $137 to complete Subwave 5.
After eve...
2023-11-20 15:45:59 +0000 UTC
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Getting very close to our trend line level now at $454.
A lot of the market is looking at this level and wondering is this where the party momentarily stops and pulls back for a badly needed break.
I hope it is, I do not like to see any chart run aggressively like this without a pull ...
2023-11-20 15:40:33 +0000 UTC
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No breakdown of the structure yet and managing to stay above the red line which was our low from Sept.
Price needs to stay above this $59 level to maintain the current impulse wave count.
We can see that support was found on the 0.887 Fib but oil prices continue to come down as the wa...
2023-11-20 15:34:01 +0000 UTC
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