Has recaptured the blue line after dipping below, the 200 Day MA needs to be cleanly broken above to allow this to run for Wave 5, the ARK funds continue to buy here. No changes to the chart, $PATH is also a popular one amongst our members.
2023-02-23 10:25:19 +0000 UTC View Post
I know a few of our members are doing very well here with this company, even with the negative earnings, it has still followed our chart and it remains unchanged. Be mindful at the end of Wave C, since it ends high, I would advice to be cautious, if it can hold above the Blue line, then you are i...
2023-02-23 10:21:46 +0000 UTC View Post
Not much to report here, following and ABC wave, approved to buy shares back in the last week and has helped continue this momentum, very much consolidating within the blue lines for now, next earnings will need to provide more information to confirm a break out or break down.
2023-02-23 10:18:22 +0000 UTC View Post
Continues to follow our chart, slowly slowly but is doing exactly what is expected of it, no surprises and just following its trend, a long term investors dream.
2023-02-23 10:13:58 +0000 UTC View Post
Earnings out before the market opens today. Talk about being at an important junction here. Has pulled back from its high of $220 and sitting just above the 200 Day Ma, which is sitting just above the 0.618 Fib, as we know, its firmly in the pull back zone we like to see here, so a good earnings ...
2023-02-23 10:10:42 +0000 UTC View Post
The market liked increased in gaming revenue and the attention their AI chips got from their earnings, overall it was positive on the beat. The -20% YOY growth remains the red flag. The chart remains unchanged, indictors show that this was ready for a decline so lets see what happens when the mar...
2023-02-23 10:00:35 +0000 UTC View Post
Came all the way down to the amber trend line and holding here, I am leaving Wave 1 where it is now because there may be a bounce and retest again of this support, what we are watching mainly here for is a Wave 2 (red) bounce to get rejected at the blue lines or previous high and then to come dow...
2023-02-23 09:52:38 +0000 UTC View Post
If $ZG can hold support above $39.80, it is possible to complete Wave 5 higher, failure to hold here and a larger picture will be painted for the housing sector and it's back down steeply to test the previous lows.
2023-02-22 21:40:59 +0000 UTC View Post
The PM drop has come right down to the 2.0 Fib which would make Subwave 5 of 1 complete, $5 target remains and would only then justify their valuation, another example of parabolic moves (in Jan) getting humbled by the market.
2023-02-22 21:31:38 +0000 UTC View Post
I always like to open a new chart and just draw from scratch, without EW theory and see if my projections overlap, it is also a good way to find something you might have missed, I do this constantly and I feel its a great way to not get complacent on your thought process or on one view.
T...
So far $META has held the 0.236 Fib so far at $170, as I have said in the last update, this is a regular spot to hold for Wave B, so far it is a short Wave B so I am watching for a possible bounce and then another retest of the 0.236 Fib to complete and ABC wave of Wave B.
I think $META r...
Second test of the wedge now to confirm if it is now a resistance line, tested yesterday and got rejected, so what we want to see is another rejection, if it recaptures the line and flips it to support, this will only be confirmed when it holds above the line, as we saw in Jan, we got a few fake ...
2023-02-22 20:24:01 +0000 UTC View Post
$INTC reducing their dividend payment today, on top of another difficult day for the market has pushed this even faster to our buy zone, below the low of $24.60, I will be considering starting a position here and adding to my position as it continues lower.
2023-02-22 20:15:51 +0000 UTC View Post
Just at the 200 Day on the Daily and RSI just at 30. Both very important indications of support and oversold territory, we spoke yesterday that this is in the Wave 2 zone now too and earnings tomorrow aswell.
Update: Also a gap to fill exactly to the 0.5 Fib at $89.55
Earnings released, positive EBITDA (earnings before interest deducted) guidance and has bounced, +18% at the opening.
2023-02-22 14:38:12 +0000 UTC View Post
Earnings after the close tomorrow, it has pulled back all the way to the 0.618 - 0.65 Fib, which is exactly what we would like to see for Wave 2, so it is shaping up for a nice bounce if the earnings comes in good.....that all being said, it is hard to see how the earnings will be good, so it is ...
2023-02-22 12:22:06 +0000 UTC View Post
No changes here, showing a substantial pull back so looking for a support shortly, holding for Wave 2 and Wave 3 is likely next. I like this company and what they are doing, I will leave a company description below:
'CRISPR Therapeutics AG, a gene editing company, focuses on developing gen...
We have gone below $1.62 now so now watching for the test of the previous low at $1.45, $1.5 Bill in cash means this company has a lot of reserves to continue with their operations and finalise their product developments.
2023-02-22 11:15:36 +0000 UTC View Post
Remember bulls want to see a substantial pull back and follow the green line down to the Wave 2 zone, a shallow pull back and this is an ABC count (in amber).
2023-02-21 20:16:18 +0000 UTC View Post
Earnings on Thursday, the market has turned bearish on this stock of late, it is still one of those stocks that I am watching closely, even if it is not in my Top 20, along with $BABA too. If this can come down to $52, it is a buy for me.
2023-02-21 20:05:39 +0000 UTC View Post
From $4 in March '20 to $44 in July '22, this has had a great run, it is likely letting off steam now and in its corrective wave now before moving higher, a break down of the yellow channel would confirm the bear case and then you would be watching for a test of support at the previous low or the...
2023-02-21 19:54:26 +0000 UTC View Post
Excellent stuff from $INTC, just at the historical support line now, a break below here and we are watching for $24.60 and then we are in to the buy zone. Nearly there folks.
2023-02-21 16:47:49 +0000 UTC View Post
$NIO has done quite well today considering its a difficult day for the market and Chinese stocks too. It is holding below the the trend line now, it was a support level but now slowly flipping to resistance, we will keep watching this of course but just a quick up date to say we are on track.
2023-02-21 16:40:54 +0000 UTC View Post
About to test the 50 Day and the previous support trend line, if it can flip this to support again, it is not a good sign for the Nasdaq.
2023-02-21 16:27:43 +0000 UTC View Post
Looks like $TDOC will continue our projection and consolidate between our blue line range, their earnings are -$9.8 Billion, this is clearly affecting their ability to gain any momentum and it is possible that they will need to drastically reduce this before this will turn bullish above $34.
2023-02-21 16:24:11 +0000 UTC View Post
Really good pull back here from $SOFI, as I have said in the past a lot, any parabolic moves are always met with strong pull backs and its another perfect example here too, never believe that you have missed a rally and never chase, the market will humble every chaser, especially when a stock mov...
2023-02-21 15:34:36 +0000 UTC View Post
Great stuff here from $HD, broke below the support line and has gone below the 200 Day so far today, we will keep an eye on this to see that it continues down to our buy zone.
2023-02-21 15:24:43 +0000 UTC View Post
Channel breakdown, unless it can get back into the channel shortly, I think we can expect a test of the support line at $41.50, once it holds this line, $PFE should be in a position to bounce from here.
2023-02-21 15:19:09 +0000 UTC View Post
$PLTR is pulling back nicely, the gap we spoke about last week is still there, between $7.80 and $8.20, the gap also closes out at the .88 Fib which is the last Fib to hold for a Wave 2 to complete and remain valid.
2023-02-21 15:11:09 +0000 UTC View Post
Moving down nicely as the market starts to digest a possible further rate hike, I will be watching 396 over the next session or two as this was the previous resistance level in the channel, bulls would like to see this hold as support.
2023-02-21 15:04:57 +0000 UTC View Post