$NIO is sitting on the final fib support level at 0.887 at $4 this week.
The 0.78 Fib held for 2 months but was never able to make a series of higher highs and higher lows so it could not start a new impulse wave and kept getting rejected at the 50 and 200 Day MA, so the price went lower. <...
2025-01-17 09:32:45 +0000 UTC
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No changes to the chart here and we can see a clear rejection trying to make a higher high
A test of the 50 Day MA next looks good here at $360 but I would like to see this level not held and we get a stronger pull back to below the 0.5 Fib where the 200 Day MA is waiting at $315.
At ...
2025-01-16 20:14:40 +0000 UTC
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$AAPL is concern right now, it is not following the market this week and has retested the 50 Day MA from below which is also the ascending triangle top line and the blue resistance level....it has also made a lower low now at $229.
$MSFT is also showing a concern too but $AAPLs drop from $2...
2025-01-16 20:09:12 +0000 UTC
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Wave 3 hit the 1.618 Fib target perfectly and has since pulled back
The ideal scenario here is a 3 wave pull back to at least the 0.38 Fib to offer more value before moving higher to the Wave 5 target at the 2.618 Fib level at $170
However, watch for support at the 0.236 Fib, where th...
2025-01-16 11:17:19 +0000 UTC
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The 200 WMA behaves like a magnet at all times and even more so when the price is below this MA.....value hunters will always prefer to take the risk on positions when they are below their 200 WMA....especially when they are sector leaders.
Which makes $LVMHF a prime target for safe money.<...
2025-01-16 11:00:11 +0000 UTC
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$AAL is still running strong and I still think we are in Subwave 1 of Wave 3, I don't think we have experienced a Subwave 2 pull back yet and this will likely pull back to in between the 50 and 200 Day MA and ideally back to the wedge breakout level at $15
My Wave 3 target is still the same...
2025-01-16 10:53:56 +0000 UTC
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Very little concerns with $META's set up, price continues to use the First Target support level with the assistance of the 50 Day MA at $600.
Once this level is held then I believe $META can move higher to the Second Target next at $664
$AMZN, $GOOG and $META give me no concerns right...
2025-01-16 10:45:15 +0000 UTC
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$ASML is already up +4% in the PM now after a strong earnings from $TSM with no guidance concerns.
Since the 1st of Jan where I added $ASML to our Top 10 list for 2025, the price has jumped from $696 to $755 in the PM today
But crucially, we have a move in an impulse wave which is fa...
2025-01-16 10:33:03 +0000 UTC
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From my last post, I said we should feel comfortable once the 50 Day MA is converted to support....and although yesterdays price action was wild, the price rallied into the close and comfortably finished above the 50 Day MA
I would like to see a retest of the 50 Day MA at $27 to solidify su...
2025-01-16 10:28:36 +0000 UTC
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$TSM reported a strong earnings, in spite of the EPS miss, their YoY growth is up there with some of the best performing positions in the market...and we have a strong bounce on the 50 Day MA as a result of this earnings.
$TSM just needs a higher high now above $222 and holders can expect t...
2025-01-16 10:24:19 +0000 UTC
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It's important we follow the movements of $NVDA, it holds the key to the $QQQ and $SPY, it would be difficult for the market to Melt Up without the help of $NVDA....as it influences across the Semi and Ai related sector.
The Inverse Head and Shoulders pattern is moving very well, not as agg...
2025-01-16 10:20:35 +0000 UTC
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No changes to our chart but it is important to observe the bullish move here since holding suport on the 200 Day MA between the 0.78 Fib and the 0.618 Fib level range.
Big test next will be flipping the 50 Day MA to support next and I feel the HSI will then have the all clear to move back u...
2025-01-16 04:55:55 +0000 UTC
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$DXY hit some resistance at $110 this week which is also the historical yellow resistance line, which is what the market needed to see in order to move higher.
The US 10 YR also let off some steam too and the market really enjoyed this and rallied yesterday.
Best case scenario next wo...
2025-01-16 04:51:56 +0000 UTC
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$OKLO does enjoy wild swings but the overall structure and projection remains to the upside.
I like the 50 Day MA retest and bounce, which was also on the 0.618 Fib support level too.
A hold now above the 0.5 Fib at $24.54 can allow the price action to go higher once again and this ti...
2025-01-16 04:48:36 +0000 UTC
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I really like the Wave 4 pull back to the 0.38 Fib at $1.97, there was 3 tests of this level and then the price used the 50 Day MA to propel higher, price has now bounced strong over the last few days too.
Wave 5 is next as there has been a higher high in here too.
Some resistance at ...
2025-01-16 04:46:04 +0000 UTC
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$BTC has gone from a bear channel to a bull channel but the only concern with this is that it is also painting a Head and Shoulders pattern right now too
So there are a number of mixed messages but saying that, when the price is above the 50 and 200 Day MA and back up to $100k again, I beli...
2025-01-16 04:39:00 +0000 UTC
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Strong argument to suggest that the pull back is now complete as the price bounces on the 0.5 Fib at $129 and is looking set to test the 50 Day MA next at $134.
Ultimately the breakout out of the channel and the 200 Day MA at $138 will confirm the reversal and $ABNB would be into Wave 3 too...
2025-01-15 17:08:24 +0000 UTC
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$GOOG like $AMZN is offering a +10% gain here once it stays above the $193 level as we have discussed at length now.
I am in both and happy with my position but there will be members who will want to take advantage if the market melts up
I have exposure with $AMZN, $GOOG and $NVDA and...
2025-01-15 15:28:31 +0000 UTC
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$TSLA is showing that its Wave 4 pull back could be complete here.
A hold above the $414 blue support line would confirm it for me
This would allow $TSLA to move higher to complete Wave 5 at the 2.618 Fib at $648 possibly
A 3 wave pull back from the Wave 3 top is now visible and...
2025-01-15 15:22:10 +0000 UTC
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Strong movements over the last 3 days but we are reminded at all times to focus on support levels when we are tested
And a retest of the 200 Day MA was harsh but it held very well and also on the 0.78 Fib and the price is already back up to $4 now.
We want this level flipped to suppor...
2025-01-15 15:18:29 +0000 UTC
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$AMZN continues to be a pillar of strength for our portfolio and has rarely put a foot wrong over the last 2 years and consistently gave us opportunities to add by clearly respecting its support/resistance levels....and $220 was no different.
What we want to see next is a breakout of this b...
2025-01-15 15:16:14 +0000 UTC
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Nice +5% bounce so far today and the Inverse Head and Shoulders pattern is playing out nicely here
We also have a clean breakout from the descending wedge and the price is above the 50 Day MA now too at $27.
We are very used to wild swings from $HIMS so lets not expect this to run cra...
2025-01-15 15:12:15 +0000 UTC
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I think $ASTS is primed to reverse to the upside again but it needs to find support soon.
It is dropping into the sweet spot now between the 0.5 - 0.618 Fib levels, where the 200 Day MA has been waiting.
So a hold here between $16 - $20 and I believe the next move is back up to ATH's ...
2025-01-15 13:06:03 +0000 UTC
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Earnings:
Compass
COMP said Wednesday it now expects Q4 revenue to be in the range of $1.36 billion to $1.39 billio...
2025-01-15 12:58:10 +0000 UTC
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Also caught in our morning scan.
Pulling back very very nicely to the 0.38 Fib for a standard Wave 4 pull back and has the assistance of the 50 Day MA as support too above $21.20
So a hold here and Wave 5 is next up to $35.
We can see how strong $OXY and Oil looks right now too,...
2025-01-15 12:54:52 +0000 UTC
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Going through my morning scan and have come across $GRABs set up again.
Price broke out of the ascending triangle in November and ran straight up to the Second Target, price could not hold above this level and is now pulling back nicely.
A retest of the blue support line at $4.04 woul...
2025-01-15 12:51:34 +0000 UTC
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We are getting the pull back now for $MNSO after a clean breakout out of this channel.
So a pull back to the 50 Day MA just above the breakout level and holding at $21, would offer a buy signal and a reversal to the top blue line at $35.
This set up is very attractive right now....jus...
2025-01-15 12:48:37 +0000 UTC
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$SOXL is a 3 X Bullish Semi ETF and it has had a difficult time since August and has not followed the market higher
That being said the consolidation sideways is still holding in this triangle, it is clear that a break down to the 0.78 Fib or even lower is a possibility, as the bottom of th...
2025-01-15 12:45:35 +0000 UTC
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There is no denying how good this setup looks right now.
Holding on the 0.618 Fib, above the triangle and on the 200 Day MA....price has also bounced very well since this confluence level too
Very similar set up to $ETH right now
This is not somewhere you should be considering sell...
2025-01-15 12:40:56 +0000 UTC
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What I can't rule out right now is that this bounce is Wave B of Wave 4, so we must still be open to the possibility that there is one more pull back to the $2.11 level or the 0.38 Fib at $2.03
Irregardless, I still like this impulse structure, I do have two buys in and I believe a run up t...
2025-01-15 12:36:52 +0000 UTC
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