We spoke a number of weeks ago about the wedge being the defining factor here, it has flirted with getting back in and getting rejected throughout Jan, however, comfortably back in now. All eyes on the top of the wedge now, breakout above and the bulls have it.
Breakout above and I will bu...
I said I would upload a bull and bear case for all my Top 20 charts, but $HD has been following our chart for months now, only thing I could find is if it stays in the green channel on the second chart.
Otherwise, no changes.
No changes here either since last week, in the red channel and below the 200 D. Earnings on Tuesday, does it follow $NVDA or $INTC?!
2023-01-29 19:32:56 +0000 UTC View Post
Nothing has changed here, we know this is a slow mover, stopped exactly at the 200 D MA on Friday. Targets as shown.
2023-01-29 19:30:50 +0000 UTC View Post
Bull case added, 200 Day resistance above, otherwise the targets remain.
2023-01-29 19:28:23 +0000 UTC View Post
Has looked strong since it popped out of the red channel last week, finished above the 200 D MA too. Above $128 and the bulls comfortably have it and in a low risk buy area.
2023-01-29 19:20:25 +0000 UTC View Post
In went slightly above the previous high on Friday and then finished below it, then finished above the 200 Day MA, bullish signals here.
A retest and support and the bull case looks good, that being said, big week ahead for Tech and we highlighted last night that the majority of the Mega C...
$25,500 remains the bull flip price. Bull and Bear case charts uploaded now. I would be surprised if it did not reject at $25,300 to $25,500 and pulled back.
But retail investors are buying this, funds are not but the market has always been retail investors here, so let's see if they conti...
We have seen this chart a lot this week. There are bullish indicators now since it has gone above the 200 D MA, it has not retested yet and has not gone above the previous high, so this needs to happen for the bulls to have it.
If it doesn't, then the bears may take control again, another ...
I think I have laboured on a lot about $TSLA this week. A lot of people were waiting for $83 to hit, myself including and it went parabolic, so I apologise that many may have missed this run, that being said, the bounce and a parabolic move is not what I want to see when we expect the bottom to b...
2023-01-28 20:51:12 +0000 UTC View Post
We uploaded this after the earnings as an update, it has got beat up while other Semi companies have done well from $INTCs bad earnings. What we want to see is a new low below $25.30 and our buy zone is possible then.
I will be adding here if we go into the buy zone.
I have said that ill add all bull cases to my charts now, $KO has not challenged any bull case yet but it is important to note that a head and shoulders pattern may be forming, but only if it bounces at $58 can we say that it is a H&S pattern, which is a level we highlighted last week, to con...
2023-01-28 20:32:32 +0000 UTC View Post
In the pull back zone now, as you can see from the price action, it's been quite vertical, with no substantial pull backs, this is a really good example of an ABC wave and something we can learn a lot from. Also notice the V shape bounce, another indicator of a corrective wave....usually when a b...
2023-01-28 20:28:54 +0000 UTC View Post
Do I believe that the $VIX will bounce on one of the support lines in Blue?...if we look at what has happened before, history would suggest that a bounce is likely.
We have observed that the market is quite mixed, some stocks can be bullish right now (SHOP, NKE, TSM, NVDA etc) with quite ...
Again the same for $MSFT, below the 200 Day MA. I have added Wave A in blue here to show the length of Wave A more so than the trend, in this case, if Wave C is complete, it would be quite short compared to Wave A.
Break above the red channel and 200 day and the bulls look to be in control...
$AMZN 200Day MA at $113 and the share price is at $102 now. Still 10% to gain before testing the important resistance. Earnings is also on Thursday this week.
Very big week for the Mega Cap Tech stocks.
200 Day MA $6 above at $106. What you will notice from all my uploads today is that none of the mega cap stocks are above the 200D MA, even though the SPY is above the 200 Day now.
Which gives the impression that big tech is lagging the market and other stocks can be bullish while big tech...
Break out above the channel this week and the 200 Day MA above at $148, on course to hit each other on the same day as earnings this week on the 2nd of Feb. Need less to say this is important, good earnings and the bull case could have it, bad and it could go back into the red channel.
AAP...
Top 20 list will be uploaded over the weekend, some changes this week, my aim will be to put the bull and bear case on the remaining charts on the list.
I’d like to focus more and more on the charts uploaded on this page and answer any questions on charts in the comments section her...
2023-01-27 22:10:51 +0000 UTC View Post
Looking like it has held the support line and into the bull case now.
2023-01-27 20:15:49 +0000 UTC View Post
Bounced at the $30 support line which we called the bottom at since Sept '22. Nice recovery so far.
2023-01-27 20:09:47 +0000 UTC View Post
We spoke before about the top looking like it came in in December, this has followed our chart since. A break down from the channel, confirms the bear case.
2023-01-27 20:05:35 +0000 UTC View Post
Cathie Woods Ark funds have been buying a lot of $TDOC. It appears to be following our Wave C nicely. No changes to this chart.
2023-01-27 19:56:24 +0000 UTC View Post
At the final support line now, does it bounce or go lower?
2023-01-27 19:54:42 +0000 UTC View Post
Broke out above the red channel, and completing a nice structured wave here. You can see that it hit the support line in Dec, came back to retest and found support and then bounced, this is vital for strength. A break above $6.50 is the next big test.
2023-01-27 19:52:39 +0000 UTC View Post
Interesting to see now that the .618 Fib sits on the historical support line at $132.20 to complete Wave 2.
Pull backs reinforce a structure, parabolic moves go up fast and come down faster, approach this with a clear mind.
