The pull back continues for $BABA, into the Wave 2 Zone now, between the .38 Fib and the 0.65 Fib. The political unrest between the US, China and Russia may be accelerating this trend.
2023-02-21 15:00:50 +0000 UTC View Post
Still no changes to our chart, earnings out on today and has struggled in the past with their earnings released in Feb. Lower low and lower highs shows me that this is a corrective wave and we have not experienced Wave C yet.
2023-02-21 10:43:20 +0000 UTC View Post
Carbon copy of the last chart I uploaded almost, high lowers and found support, so consolidating here and looking to base, needs to hold support again if the blue line is tested. Market also needs more information here before moving out of this sideways movement.
2023-02-21 10:35:06 +0000 UTC View Post
Firmly in a consolidation period which is typical for micro cap stocks as the market needs more information to decide its direction, it has found a high lower so it would suggest that this is basing here, you would need to do your due diligence here and monitor its progression from company announ...
2023-02-21 10:30:44 +0000 UTC View Post
My concern here is that it got rejected at the 200 Day MA and that has kept it in the downward channel, it is important here to find support shortly and look for a bounce, otherwise the Red targets are below.
2023-02-21 10:27:22 +0000 UTC View Post
Has bounced very well and recovered from the previous low, forming a head and shoulders pattern here, it is caught in an area right now that is still in the red downward channel and in the yellow historical bullish channel, we will know the direction shortly here. Failure to hold the yellow chann...
2023-02-21 10:24:02 +0000 UTC View Post
So $NIO dipped below the wedge twice last week, reclaiming it once and then finished the exactly in the line, not above or below, which does nothing to help people decide which was this will go next! But my target remains.
The RSI is showing both bullish and bearish indications but we are ...
We added the small wedge towards the end of last week and we have seen that this has broken down and this was expected from the indications too. SPY has never held properly above the blue lines which were the previous highs so as always, until there is confirmation, our plan remains the same.
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I have always said, the key to the markets direction is where the Mega Cap stocks go, I can not see how the QQQ (NASDAQ) can continue this trend if the Mega's are starting to pull back...some big players like Tesla and other Semi's have helped this drive but we may start seeing a shift now.
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Earnings were positive, normal and in line with what you would expect from $KO. Few concerns that $KO is struggling against the likes of Monsters ever expanding range and new players in the market like Prime...so they have suggested they would be more open to getting involved in more coffee and a...
2023-02-19 10:46:42 +0000 UTC View Post
It appears we are in Wave 3 now but I like to see a break down from the 200 Day and the yellow line which are coincidental of each other here. It would be a strong move in our direction if this happens, for now, we will keep with the bear case and only going above the blue line would we consider ...
2023-02-19 10:42:57 +0000 UTC View Post
Moving through the wedge now and showing some negative indications, ultimately a break down from the 200 Day and out of the wedge will be bearish.
We have been waiting a long time here but so far it hasn't flipped bullish and has consolidating while we waited, I am ok with that. This is a ...
No changes from the last time we uploaded this, I get the impression we'll experience a fake out to finish Wave 5 and pull back below $25,500 again, 5 waves up should be followed by an ABC count down....$COINs earnings report is during the week, it may act as a positive or negative catalysts.
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Like a lot of the Semi's we have chatted about lately, the momentum here appeared to be doing well but turning now, consecutive bearish indicators on both the MACD and RSI, all patterns repeating each other, so I expect to see the pull back continue. Losing the 200 Day MA and getting back into th...
2023-02-19 10:33:33 +0000 UTC View Post
What we know is that this is coming down, been struggling of late and a fall below $10.60 and we can look forward to the bear case and buy zone. Very slow sideways movement, slightly bearish on the indications but this may accelerate as it drops out of the wedge and below the previous low...still...
2023-02-19 10:30:55 +0000 UTC View Post
Another company we have spoke about for the last week a lot, slightly positive earnings and in a good position, analysts still did not give a very high price target for this, all things considered, its current price is at it fair value....but the market may continue to buy here because of its AI ...
2023-02-19 10:28:33 +0000 UTC View Post
It is possible now that Wave A could be in and we start to see Wave B happen, this has been very strong and solid since the mid $80's so I would be cautious until it is clear that we are moving towards Wave B...When Wave B is complete, this would be a nice position to add in the short term until ...
2023-02-19 10:24:52 +0000 UTC View Post
I uploaded this during the week after a few positive earnings report and set forward the plan, we wanted to see a pull back and this appears to be starting already, if it can continue to pull back to close the gap at the 0.65 Fib, this would be a great position to add or start. As always, there i...
2023-02-19 10:21:46 +0000 UTC View Post
After getting beat up for the last 2 years, it is finally showing signs of reversing, I still believe that this is a very competitive industry and ROKU may struggle if a large conglomerate challenged its position more. Both bull and bear cases are in the same direction for now, it remains to be s...
2023-02-19 10:18:59 +0000 UTC View Post
$INTC failed to join in the momentum of the other Semi companies when they enjoyed their impressive run over the last few weeks, so as the tide is starting to turn on them, it is difficult to see how this will all of a sudden turn bullish, the chart is just showing consolidation since October.......
2023-02-18 20:42:20 +0000 UTC View Post
We spoke about this chart late last week, broke out of the channel and retested and then bounced, this is normally what we look for when we want a trend to turn bullish.
Also, if we look at the indicators, they are the opposite to what we've seen this evening, all indications starting from...
Would you like to see more charts or longer descriptions for each chart like I do for the Top 20 list?
In order to achieve uploading 15 charts a day, every day, I make the commentary a little shorter under each chart but for the Top 20 each weekend, I make the commentary a lot longer.
The stock that everyone is watching. Indicators on the 4hr are clearly showing the momentum has changed, I have attached a Hidden Divergence cheat sheet and if we look at the bottom left box, we can see that the RSI indication is showing lower lows, as the share price is achieving higher highs an...
2023-02-18 20:20:41 +0000 UTC View Post
Initially looking like it was breaking away from the Mega Cap Tech stocks, it is getting dragged back, it is at risk of going back into the red channel and losing its 200 Day MA, however support here above the channel and 200 Day, will be very positive for bulls.
Indications have started ...
Very similar to $AAPL and $GOOG here, bearish indications and approaching where Wave 2 is likely to bounce, if the markets momentum continues into next week as it did on Friday (bearish), it may push through this Wave 2 zone easy enough. Below the previous low is the buy zone...but like I said la...
2023-02-18 20:04:18 +0000 UTC View Post
Added in two indicators here too but everything else is unchanged. The difficult time remains for Google, indicators are showing more bearish than Apple, as this chart is on the daily.
Under the 200 Day MA, struggling to hold the 50 Day now, negative on the MACD and bearish momentum on the...
No changes here but I had added in two indicators, the RSI and MACD. Both are showing very bearish indications after $AAPL failed to achieve a new high. On the RSI indication, the last time $AAPL turned bearish like this, it moved down aggressively....my only concern with this chart is that, it m...
2023-02-18 19:48:31 +0000 UTC View Post
Nice impulse structure, followed by an ABC corrective wave, where Wave C ended higher than Wave A, leading me to believe that Wave D and E are next.
2023-02-18 14:28:40 +0000 UTC View Post
