$AMZN tested it's important $220 level again on Friday and it did recover as the day ended and finished at $223.
This is the third test of this level now since the middle of Dec.
I would like to see a triangle forming now and stay above $220 but it would not be uncommon to see another...
2024-12-29 18:48:05 +0000 UTC
View Post
$AMD did show relative strength on Friday and this is mainly down to the fact that $AMD has not been following the market since May and is seen at a very favourable position now in terms of risk v reward.
A higher low is what we want to see next, so holding above $120 is where we need to wa...
2024-12-29 18:45:08 +0000 UTC
View Post
I uploaded this on Friday so there is very little to add now, a rejection at the 50 Day MA and the 0.38 Fib at $134 is setting this up to test a higher low above $127
So if the price action can hold above $129, I would consider a position
$ABNBs chart has been moving as textbook as y...
2024-12-29 18:42:07 +0000 UTC
View Post
$AAPL has been very impressive since the start of November and has pushed higher with ease, it finally met some resistance this week at the 1.27 Fib level at $260 and has finished the week below this level after Fridays sell off.
The 50 Day MA is all the way down at the ascending triangle b...
2024-12-29 18:40:02 +0000 UTC
View Post
We have a breakout and hold above the blue support line at $26.45, the only resistance in the way now is the 50 Day MA, if the price action can clear this resistance at $26.70 then it has a clear route up to the Wave 3 target at the 1.618 Fib at $28.20
2024-12-27 19:53:24 +0000 UTC
View Post
Solana continues to look attractive, along with $ETH and $JASMY, after they all experienced strong pull backs to important support levels
$SOL's support level appears to have the most strength, as it was the triangle top line and the 0.618 Fib at $175
As long as it can hold above th...
2024-12-27 19:24:48 +0000 UTC
View Post
I know $TMDX is popular with some members and on X but I am not seeing signs of support being held yet
This is the daily chart so it looks like it is in the middle of no mans land here but the 200 WMA is here at $62 and that level is slipping today and the price is currently below this lev...
2024-12-27 19:20:54 +0000 UTC
View Post
Very nice here from $CAVA and has lost the 0.38 Fib now at $117 and looks set to continue moving down to the 200 Day MA which is just above the 0.5 Fib at $100.
Losing this level and the 0.618 Fib comes into play at $83
$83 is a lot more attractive than chasing this at $170 last mont...
2024-12-27 18:46:37 +0000 UTC
View Post
$DDOG should be on the watchlist now, it has moved down very well in 3 waves now after rejecting perfectly at the 1.618 Fib for Wave 3.....the 0.38 Fib is always the target after rejecting at this level and we have our first test today.
The 50 Day MA is just slightly below, so the price act...
2024-12-27 18:41:56 +0000 UTC
View Post
$OXY has noticeably performed well against the market today and giving us a possible glimpse into how it may behave if the market corrects soon.
The Buffett buys revealed last week are still having a positive effect here and the price is moving up to test an important level here next, the 0...
2024-12-27 18:36:39 +0000 UTC
View Post
$AMD holding here above $121.57 - $122.71 would be very interesting, meaning we have Subwave 2 complete and therefore a higher low.
So a bounce in 5 waves on the 0.618 Fib at $120, followed by a 3 wave pull back for subwave 2 could be confirmed next.
Needs to hold now.....could be the...
2024-12-27 15:48:33 +0000 UTC
View Post
Still in search of support and was behaving relatively well on the 0.78 Fib but todays price action flushed the price down, the next support level is at $9.13 on the 0.887 Fib and then the blue support line is the low from Sept at $8.
Impulse wave is still in place but miners are at the han...
2024-12-27 15:39:47 +0000 UTC
View Post
$ABNB has a habit of making it look like it is moving higher but it also makes a habit of clearly hitting resistance and rejecting, it is a very easy chart to read which is also why I like it so much
The 50 Day MA followed by the 0.38 Fib levels offered resistance here, so a retest of the 0...
2024-12-27 15:29:47 +0000 UTC
View Post
Another retest of the $220 level today, making this a third retest of this level since the 18th of December
I believe if the market holds the 50 Day MA and the $QQQ holds its support line then we have another opportunity here from $AMZN to catch the last leg up.
+10% on the table the...
2024-12-27 15:27:06 +0000 UTC
View Post
Likewise the $QQQ is retesting its rising wedge support line now too and comfortably still above its 50 Day MA as well
Both ETFs are moving in sync today, my thoughts are that this is simply just a retest because there was no particular event announced today that would trigger this and the...
2024-12-27 15:21:27 +0000 UTC
View Post
So far a very straight forward retest of the 50 Day MA from above right now to the cent so far
Support is at $592.80 so lets see how the price action behaves on this level for the day, as always, a break above an important moving average is normally met with a retest at the very least........
2024-12-27 15:19:01 +0000 UTC
View Post
The strong price action yesterday managed to stop the 50 and 200 MA's crossing on the 1hr chart, this is not as significant as a death cross on the daily chart but nevertheless, nice work by the bulls.....we wanted to see a breakout of the 50 and 200 MA's yesterday and I mentioned a number of tim...
2024-12-27 12:22:04 +0000 UTC
View Post
$NKE is the second company to make the TOP 10 list for 2025.
The setup, the brand, the new leadership, the beaten down sentiment, the improved earnings and the clear technicals are all pointing in one positive direction next.
One major point to make:
The large green 0.618 Fib at...
2024-12-27 11:46:18 +0000 UTC
View Post
The textbook moves continues and the price is above the 50 Day MA now too and already above the 200 Day MA since Sept, so the trend is bullish
The HSI has been labelled poor this year in spite of how perfect it has been moving and believe it or not, it is up +18% this YTD, this is suppose ...
2024-12-27 11:36:15 +0000 UTC
View Post
We now have a number of tests above the 0.5 Fib at $12.88 for support since the 16th of December and in the PM now the price action is testing a new higher high above $14.64
The price is also above the 50 MA on the 1hr chart now after yesterday bounce too
There is still a bit to do he...
2024-12-27 11:30:59 +0000 UTC
View Post
A lot of the historically traditional safe havens are all moving into their sweet spots right now, after a 2 year decline and $JNJ is no different.
A lot of these positions have not been following the the US Market to new ATH's this year but appear to be close to their perfect Wave 2 pull b...
2024-12-26 19:17:02 +0000 UTC
View Post
I am seeing a lot of people talking online about buying $UBER at $60 but I do not think anyone should be rushing in right now.
The structure is not straight forward right now and although it is valid, Wave B does not normally complete higher than Wave 5.....but it can happen and in this cas...
2024-12-26 18:59:22 +0000 UTC
View Post
The US 10 YR going into a possible Wave 3 here all the way up to the 1.618 Fib at 5.59% is a terrible situation for the FED, this also aligns very well with our blue support/resistance line too.
It is extremely uncommon for the Fed to Rate Cut and the 10 YEAR to go higher by the same margin...
2024-12-26 18:39:30 +0000 UTC
View Post
We have a very nice set up here now
Breakout of the bullish flag, followed be a retest of the breakout level and the 200 Day MA from above.
So far we have a hold above $65, so as long as the price continues to hold above this level, the next target is a higher high at the 1.618 Fib at $7...
2024-12-26 18:32:20 +0000 UTC
View Post
5 impulse waves are observed now since the blue line at $4.74 and a clear rejection at the 200 Day MA after it broke out of the large descending wedge
This is all looking very good to me and now we have the pull back
So I have added in the white fib levels for this ABC pull back.
<...
2024-12-26 18:29:24 +0000 UTC
View Post
We are back above the ascending triangle top line at $4.27 now having pulled back for a retest of the 50 Day MA and the 0.618 Fib at $3.87
A strong bounce on this support level now and above the breakout level again.
At this point I want to see $BLDE hold above $4-$4.27 from here on a...
2024-12-26 18:15:07 +0000 UTC
View Post
$MOS is a position I have been watching for about 2 years now as it continues to search for support and being held down by its 200 Day MA
Big test coming up at the 0.78 Fib at $22, a hold here, followed by the start of an impulse wave and clearing the MA's, this could then be starting a new...
2024-12-26 15:51:41 +0000 UTC
View Post
$2.11 remains the important breakout level
A break and hold above this level and I believe the First Target is next
I do have one Buy in here already and will add if we get a breakout and hold at $2.11
Likewise, a retest and hold above the wedge breakout level between $1.78 - $...
2024-12-26 15:38:21 +0000 UTC
View Post
I first shared this in May at $17 and said there were signals of a reversal but it wasn't until Sept/October that it really started to move and jump +140% from $20 to $48
Momentum was strong and that is why I believe the 1.618 Fib was overshot but as always, it pulls the price back and it i...
2024-12-26 13:49:49 +0000 UTC
View Post
$LI is looking in a very good position here.
For me, Wave C finished in August, we then got a impulse wave, followed by a corrective wave pull back to the 0.618 - 0.78 Fib levels (very similar to $NIO) and now a bounce above the 50 and 200 Day MA and the blue support/resistance line.
...
2024-12-26 13:42:20 +0000 UTC
View Post