$INDA is approaching a very important spot now.
I have not changed the count on this chart, we have continued to pull back since hitting my Wave 5 level, so it is important now for the bulls to hold in this ascending wedge or the ABC correction will be confirmed by me
The break down l...
2025-02-20 20:26:53 +0000 UTC
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We are inching closer to the sweet spot.
Price has gone as low as $15.57 today and the 0.38 Fib is at $15.26, so dropping just below this level will bring us into the buy zone between $15 - $14, where we want the price to hold.
Once we see support here, I am adding again, having waite...
2025-02-20 20:20:22 +0000 UTC
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$RIVN reports after the close today and there is a bullish set up now ONCE they report a good earnings.
They have missed on estimates on every earnings since November 2023.
That being said, the share price bounced strong after the last earnings report in November from $9 to $17.
2025-02-20 17:49:07 +0000 UTC
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$HOOD has been declining since it reported its strong earnings last week.
The decline from $66 to $54 is not due to $HOOD being a bad company, it's that the market front ran the impressive earnings and it is typically difficult for a Wave 5 to stay above the 2.618 Fib without needing a pull...
2025-02-20 17:04:07 +0000 UTC
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Our group has grown exponentially over the last 6 months, so it's important we facilitate the group's expansion and make sure things continue to run smoothly.
Vojtech has been doing enormous amount of work lately to keep the chat rooms running efficiently, completing the LIT News every Sund...
2025-02-20 16:39:53 +0000 UTC
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Folks I have added here already last week and now we are getting our small pull back and in between the 0.5 Fib and 0.618 Fib now for a perfect pull back, a hold here now and I believe this reverses and at the very least can bounce to our Wave B point, however the bullish move has this going high...
2025-02-20 16:20:41 +0000 UTC
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Folks I am bullish here and I have shared my thoughts on this position over my last few posts on $SIRI and will likely start a position very shortly.
I am just being a little greedy here for support but I will be adding 5 buys when I start the position.
Small abc pull back to the $24 ...
2025-02-20 16:14:28 +0000 UTC
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$ACHR is still holding the 50 Day MA support after its pull back and has still made a higher low so far but if the 50 Day MA is lost then a test of the 0.38 Fib level can come next and Wave 5 can still be valid next.
Even holding the 0.5 Fib at $7.69 can still mean being in Wave 4 and holdi...
2025-02-20 16:05:56 +0000 UTC
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Back above the $2.32 level now and this is a positive move after a small flush down yesterday.
Holding above the $2.32 level is all we need to see next to confirm that Wave 5 will complete and move higher to the First Target at $2.77.
Earnings date is not confirmed yet either, this co...
2025-02-20 15:19:39 +0000 UTC
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As Voj has said, we have 5 waves now since the bounce on the 0.5 Fib, this is an impulse wave and we have a break above the descending wedge top line too at $16.70 today, so there is a crack at this resistance line.
I think the price could still go to the 200 Day MA at $17.30 before needing...
2025-02-20 15:17:04 +0000 UTC
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Good news is that we have started our pull back after rejecting at the 2.618 Fib yesterday after another strong bounce and the second part of the good news is that the pull back is half way complete too.
I shared this chart yesterday too and showed that the 0.38 Fib is at $50 now, so this p...
2025-02-20 15:10:04 +0000 UTC
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Who is in here?
Price is running to the First Target now and following $BABA's move too.
$PDD and a number of the Chinese ADR's are moving well too, including $FUTU, which is helping this move higher.
Price is already up nearly +100% since holding the 0.78 Fib support at $...
2025-02-20 13:45:44 +0000 UTC
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I am looking at this pull back now as the potential Wave 2 because of how deep it has pulled back and this is the post earnings reaction.
Right now we can see that the 50 Day MA was tested yesterday and held, which is just above the 0.618 Fib, price has now bounced +2% in the PM now, likely...
2025-02-20 13:40:52 +0000 UTC
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Support levels for $PLTR are:
2.618 Fib at $108
Delusional Level at $100
50 Day MA at the blue line at $84.
Bulls have not lost this yet but I believe this is a slippery slope here and I will be watching for signs of an ABC correction next, losing the 50 Day MA at $84 will be ...
2025-02-20 13:07:01 +0000 UTC
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Price is consolidating sideways now above the 0.38 Fib, the bullish channel, the 50 and 200 MA's on the 1hr chart too.
Higher highs and higher lows are still observed since the 0.5 Fib test at $2,522
A higher high next above at $2850 and we can challenge the bull case line at $2915
2025-02-20 13:03:59 +0000 UTC
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Some confusion in the chat group but this chart was shared yesterday, the small green fibs levels have not changed, the commentary has not changed either, a pull back was expected....the important note now is that the pull back levels need to hold.
We can see that the PM price is only in be...
2025-02-20 13:01:12 +0000 UTC
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$BABA is running after smashing its earnings and up +10% in the PM now,
meaning one of our Top 10 charts for 2025 is up +75% YTD....something we should all be very happy with, especially those who accumulated in the Buy Zone for the length of time that we did....this is the very least we deser...
2025-02-20 12:55:10 +0000 UTC
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I don't think I can ignore this for much longer
Why does this look so good and off everyone's radar bare Buffett's and mine?
Wedge breakout now and this is the weekly chart, with the 200 WMA at $50, exactly +100% jump from here
Holding on the outside of the wedge at $24.50 is a...
2025-02-19 20:32:59 +0000 UTC
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Continues to burst through all resistance levels and all we need to do now is observe.
Next test is the 2.618 Fib at $73.88, which would have the Wave 4 primary Wave at the 0.38 Fib at $50.
$HIMS keep moving the gold posts and expanding their TAM and today was no different, now moving...
2025-02-19 17:13:31 +0000 UTC
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Very nice rejection at the 1.618 FIB and as we know at this stage, this is a standard rejection level for a Wave 3, so I have added the Wave 4 hold levels, with the 0.38 Fib at $43 being the target.
A hold here and I expect the impulse wave to continue with the target for Wave 5 at the 2.61...
2025-02-19 16:41:40 +0000 UTC
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$IQ reported yesterday and it wasn't particularly great but this is likely factored in, fundamentals, growth and margins are still attractive at these levels and I think the pull back will tell us all we need to know for what's next.
50 Day MA is exactly at the 0.618 Fib now at $2.16, this ...
2025-02-19 16:06:42 +0000 UTC
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$OXY is up +6% today and post earnings after beating on its EPS estimates.
Price has also bounced on its higher low 0.78 Fib at $46 and already back at $51 today after today's move.
This is the weekly chart above so as expected, the 200 WMA is behaving like a magnet again and above $...
2025-02-19 15:58:22 +0000 UTC
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I like the set up, I like these two airlines, they still have to improve on fundamentals but they are moving in the right direction.
For me, wait until the breakout comes and holds above €9, as the price is already above the 50 and 200 Day MA and this 4 year descending wedge is getting ti...
2025-02-19 13:30:38 +0000 UTC
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Is back above its 200 Day MA now and moving very well after finding support on its 0.5 Fib and blue line between $93 - $106.
Fundamentals still remain strong here too and the Cup and Handle formation is still in place.
Holding above the 200 Day MA at $120 and the price can test the to...
2025-02-19 13:17:33 +0000 UTC
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Some people will feel they missed out on the $ACHR bounce, even though Wave 5 still has considerable more upside to go
But if you like this sector and want to catch a potential Wave 3, $JOBY might be a good fit
So far there has been a hold between the 0.5 - 0.618 Fib range at $7.
2025-02-19 13:13:38 +0000 UTC
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Here is the Cup and Handle formation again.
Evident on a lot of charts and across a number of sectors right now.
$HON is also popular with a lot of investors and we use their systems in our Airbus aircrafts.
Price is sitting on the 0.5 Fib now, below the 50 and 200 Day MA, so su...
2025-02-19 12:55:11 +0000 UTC
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I am getting requests for this chart again but there are no changes here, Targets were shared in December and the price action is moving as expected.
We can see that the First Target has now been broke cleanly, so the Second Target then comes into play at $357.
A retest of the First T...
2025-02-19 12:48:59 +0000 UTC
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$EVVTY has broken down from its wedge in mid 2024, retested the wedge from below and rejected and has fallen for the last 6 months.
Price is now testing the 0.618 Fib at $79, which is also the 50 Day MA from below this week.
Failure to flip this level back to support and the next test...
2025-02-19 12:46:05 +0000 UTC
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We all know by now that I am not a fan of aggressive parabolic moves in companies with weak fundamentals and this is why I have stayed away from this company for 2025 and did not want to infect this group by entertaining this, let chasers chase, we buy fundamentally strong companies that move str...
2025-02-19 12:39:16 +0000 UTC
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I am very happy to see $ONON move down and still in search of support, it is a company I made some nice profits on last year and would bite at the chance to get another good entry, before catching the next leg higher.
We can see that the 200 Day MA is moving up to the 0.38 Fib at $48.48 no...
2025-02-19 12:08:59 +0000 UTC
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