NO changes to the last chart I uploaded for $AMD, we can see that $INTC and $AMD are not having the same positive moves as $NVDA has had over the last week and a half. On the RSI indicator, AMD is just about holding the trend line and on the MACD it is the same but both indications showing a bear...
2023-02-26 18:49:32 +0000 UTC View Post
RSI is showing this has topped out in the short term and its showing bearish indications now on both the RSI and MACD, it also lost the 200 Day MA during the week. The 50 Day MA is at the 0.5 Fib level now at $140.50. I expect the pull back to continue, like a lot of charts I will be uploading to...
2023-02-26 18:45:01 +0000 UTC View Post
For all the new members, I recommend this book to everyone who wants to understand how to read charts, it's only $7 on Amazon and it is a very good guide, it doesn't take long to go through it and it is an excellent source to return to.
It will also help you understand how pull backs work,...
Was looking like this was going to be the next stock to drop into our buy zone but likely to hold at the previous low to complete Subwave 4 up before coming down....although the market on Monday may have a different plan and open very bearish and drop this at the opening. I will add $INTC in the ...
2023-02-25 13:02:31 +0000 UTC View Post
Looking like a head and shoulders pattern is forming now, we were expecting SubWave 2 of Wave 3 to bounce shortly and that is in line with the right shoulder formation, we have seen how effective this is with $NIO so we'll be watching this closely. When Subwave 2 completes, we will be in a great ...
2023-02-25 13:00:05 +0000 UTC View Post
Wedge break down and indications continue to turn more bearish, the MACD has accelerated down further since the last time this was uploaded, $10 is the big test....failure to hold there and we are into the buy zone.
2023-02-25 12:56:47 +0000 UTC View Post
We had a feeling that Wave 2 wasn't complete when it dipped at the start of the month, looking like a potential ABC Wave 2 count now but as we have seen a lot leading to earnings this can be misleading, the message is still the same here, if it can hold the important Fib levels as shown, then we ...
2023-02-25 12:55:00 +0000 UTC View Post
Showing multiple indications now that the this is either pulling back substantially or turning bearish. Hard rejection at our Blue line and did not flip bullish at all.
The market struggling will probably add to the challenges here too, so I doubt this will turn bullish if the market does ...
Continues to follow our chart and indications have continued to go deeper into bearish territory, RSI is on a fast track to hit 30. MACD is showing this trend will continue. Below $86 and we are into the Buy zone and this limit goes as low as $65.
We all have our own strategy and plan to i...
Here are both the short term and long term views for $TSLA. On the short term, indications are bearish, in line with a lot of stocks and particularly from our Top 20 that ill be uploading all over this weekend. Short term the chart hasn't changed or the plan here, it needs to come back a lot more...
2023-02-25 12:39:32 +0000 UTC View Post
Double beat on earnings, EPS beat by 161% and Revenue beat by 20%. If it can break cleanly out of this channel and hold support, the bull case is triggered, up 6% today on a difficult day for the market.
2023-02-24 16:03:16 +0000 UTC View Post
The historical trend line has been acting as resistance lately and although it may go above it slightly, I think it is due a pull back shortly. 5 impulse waves are already evident, so it depends now how extended Wave 5 wants to go, it is definitely not a good time to start adding here.
2023-02-24 15:57:29 +0000 UTC View Post
$WISH with the double miss, the struggles continue, EPS was just short but revenue was down by 19%. So we are looking to see now if $WISH holds at or above the previous low at $0.43.
2023-02-24 15:19:20 +0000 UTC View Post
This was the plan for SPY but with figures coming in hot today, it has broken down further and out of the wedge so I'll be watching to see where it finds support, for a bounce for Wave 2 in Red next, if the bounce for Wave 2 stops outside of the wedge and the wedge then becomes resistance, then w...
2023-02-24 14:53:13 +0000 UTC View Post
We are in the driving seat now, massive breakdown there at $10 and $9.50, making a new low and we are in a position to start preparing to add.
2023-02-24 14:47:58 +0000 UTC View Post
No changes here to the chart uploaded at the weekend, still watching the pull back and where it finds support. Bulls will want to see it hold in the Wave 2 zone shown on the chart and then bounce.....for the rest of us, I want to see this come down to test new lows.
2023-02-24 10:57:22 +0000 UTC View Post
How many times have we seen this set up this week going into earnings?
Almost identical all around!
Their earnings is on Monday and again we see a pull back here to the 0.618 Fib level and holding support, good earnings and it may start following the green line, bad and it's down to...
I have been critical of $RIVNS valuation, all the way when it was trading at $178, revenue will always determine the true valuation and $RIVN was doomed to come down from the beginning. That being said, I still believe it will come down more to a new low. -$7.5 Bill in losses now, it may need to ...
2023-02-24 10:35:11 +0000 UTC View Post
No changes to our previous chart, how this long wave ended between the start of 2021 to the mid of 2022, leads me to believe that we still have another new low here still to come, it was a sharp fall and the bounce it is in now, appears to be a relief bounce for Wave 4. That being said, above $45...
2023-02-24 10:28:07 +0000 UTC View Post
Earnings after the close today, here we go again, above the 200 Day MA now, pulled back to the 0.618 Fib and held, exactly where our Wave 2 was expected to hold, good earnings and this climbs, bad and this comes down to the previous low.
2023-02-23 20:11:04 +0000 UTC View Post
Consolidating in the two channels now, a breakout above and it is into the bull case, however, it has been showing long sideways movement lately so following Wave D for now seems likely.
2023-02-23 19:47:12 +0000 UTC View Post
Just held at the previous low today, we need to see some wave 4's now before our next leg down, so a good spot here to bounce. Still watching for this to go below $24.60 before adding.
2023-02-23 19:17:36 +0000 UTC View Post
Like I said 7 Hours earlier today, this showed perfectly a case for this being bullish and bearish, it was a 50/50 split. Earnings released and its down nearly -9%. We can be very happy when it goes our way when we buy before earnings but when it doesn't, it can hurt hard, we've all been there, t...
2023-02-23 17:24:08 +0000 UTC View Post
Down -12% today after earnings released, following our Wave C count now and no changes to our chart.
2023-02-23 17:11:01 +0000 UTC View Post
Wedge breakdown for $XPEV too, difficult day for the EV's across the world. Will $TSLA start moving down with this momentum now, I will be watching this closely.
2023-02-23 17:05:30 +0000 UTC View Post
Excellent stuff here and I can sense the relief from many of the members as they watch this come down, $9.50 is the next target to test and then the previous low in October will come after it hopefully. Keep sitting on the hands for now.
2023-02-23 16:45:42 +0000 UTC View Post
Is starting to look oversold on the 4hr shortly and on the 1hr RSI it is below 30, meaning we can expect some sort of relief bounce shortly, this is needed in order to go down further. A rejection at the red channel limits is what I am looking for next or resistance from the 200 Day MA.
2023-02-23 16:20:21 +0000 UTC View Post
Finally $NFLX is building momentum pulling back, I expect to see this continue until $275. My concern with $NFLX is that their cost structure is very high, increasing competition and the increasing poor quality of shows that it produces, for these reasons it isn't in my Top 20 list....until it co...
2023-02-23 16:14:32 +0000 UTC View Post
Very close to filling here folks and exactly at the 0.618 Fib, so if we are going to see a bounce, it is looking increasing likely at this point.
2023-02-23 16:10:18 +0000 UTC View Post
Is the 200 Day MA on the 1hr at $7.90 about to ruin the gap fill and offer support? it is worth a watch, otherwise $7.80 it fills and as long as this stays above the previous low, it can bounce. IF it doesn't, we are likely to go back into the buy zone.
2023-02-23 16:03:29 +0000 UTC View Post