Well look what we have here!
$SIRI has broken out of its 2 year descending wedge now and has just raised its head above the breakout level at $21.50
YOU ARE VERY EARLY HERE AND HAVE MISSED NOTHING YET.
What we want to see is the price action hold on the outside of the wedge now...
2025-05-14 17:08:40 +0000 UTC
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Strong run by $ACHR and up +24% at one stage yesterday post ER.
I believe we are already in Wave 5 now and we are running fast to the 2.618 Fib and the previous high at $12 - $12.50
After every 5 waves higher we expect a pull back in 3 waves to a higher low, so I have added the amber ...
2025-05-14 17:02:17 +0000 UTC
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Happy with the pull back so far and believe there is more to go down to our amber fib levels.
The 200 Day MA is moving up to the 0.5 Fib at $5.25, very similar to how the 1hr 200 MA is moving, so this will be the area of interest for us to add again.
We also want to see a 3 wave pull ...
2025-05-14 14:43:09 +0000 UTC
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I have been analysing $NVO this morning and the more I see, the more I like.
Price is also red right now which is good for us considering we want to Buy again for our third buy.
Pull back levels have not changed either and if we can get a test between $61 - $63 and holding and I will ...
2025-05-14 14:38:35 +0000 UTC
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$CELH has finally made a higher high today after consolidating for the last 5 weeks above the 200 Day MA.
We can also see that the golden cross has completed comfortably now and the Wave 3 target at $46 has not changed.
The sideways movement has also allowed the price action to align ...
2025-05-14 14:35:17 +0000 UTC
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This is the Contrarian View of the $SPY that we have been sharing for the last few months
The big difference between this chart and the regular $SPY chart is that this impulse wave assumes that it started in March 2020.....after the Covid Crash.
While the regular $SPY chart started f...
2025-05-14 12:07:19 +0000 UTC
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This beast has not only burst through the 200 WMA at $2400 but has now hit the 200 Day MA at $2700 in this bounce.
This is +100% gain since its low at the end of April.
And another of example of what happens when a strong position is in a deep oversold state and below its 200 WMA.
...
2025-05-14 11:47:23 +0000 UTC
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ER yesterday after the close and we were looking forward to this one because of the set up leading into the ER date.
Unfortunately they missed on EPS and the price is -2.5% in the PM.
That being said, very little has changed here on the chart but let's see how the price action moves t...
2025-05-14 11:27:07 +0000 UTC
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Price action is now above the 0.618 Fib, the 50 WMA and the ascending triangle bottom line at $129.
Clean break above this strong confluence level too but no retest of this breakout level just yet and it may take another week for the retest to happen which will lead this into their earnings...
2025-05-14 11:06:13 +0000 UTC
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I am going on record now
That when $BIDU FINALLY breaks out and reverses and follows the same reversal trajectory as $BABA, I will be doing a lot of victory laps on this one.....it is one of the most hated stocks but the fundamentals are still very strong......we have been here a lot of tim...
2025-05-14 10:29:30 +0000 UTC
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Gap is now filled in the PM and the price is still routing towards our Subwave 5 target at the 2.618 Fib at $68, which is where we always set our wave 5's at.
Can the market send this right back up to the $72 ATH level in this move?....there is no reason why it can not.
We need to con...
2025-05-14 10:21:29 +0000 UTC
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No changes to the chart but since $OSCR has consolidated in this subwave 4, the RSI on the hourly chart has also cooled, which is what subwave 2 and subwave 4 are good for, letting the price move from an overbought state and move back into a normal range.
Price has come within 15 cent of to...
2025-05-14 10:12:06 +0000 UTC
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Frequently Asked Questions
No changes to the chart here but a reminder where the Wave 5 levels are.
The gap fill also completes at the first horizontal green line at $64.50 too and the price action does appear to be moving in this direction.
I trimmed 5% today at $61 because a run from $25 to $61 in 2 and a hal...
2025-05-13 16:49:03 +0000 UTC
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$NU does have its ER after the close and this is a reminder of its bullish set up:
- Broken out of its bullish descending wedge
-Above is 50 WMA
-Above its blue support line
-Completed an ABC pull back after Wave 5
-Wave 3 target is at the 1.6187 Fib at $28.95
E...
2025-05-13 16:26:46 +0000 UTC
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$AAL has now bounced from $8.50 to $12.35 since the start of April and moving back up to the 50 WMA and the descending wedge top line at $13
There is still a number of resistance levels in the way to confirm a reversal after such a strong pull back.
I am holding my position and feel c...
2025-05-13 16:21:30 +0000 UTC
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$NBIS has made it all the way to its 200 Day MA today and its 2.618 Fib at $35, so this would be the ideal place for this strong wave to pull back now and make a higher low.
Price has jumped from $18 on the larger 0.78 Green Fib to $35, so this is approaching a +100% gain.
The white f...
2025-05-13 16:17:34 +0000 UTC
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So far resistance has been met at the 1.618 Fib for Wave 3 as expected.
We only need to see a 3 wave pull back now and ideally down to the 0.38 Fib at $68 and hold and the there is one more leg higher to complete Wave 5 to $81 and go back above the 200 Day MA.
Looking nice and control...
2025-05-13 14:45:09 +0000 UTC
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Very little to update here apart from them missing on earnings, which they have not done since 2008.
Price was not able to hold the red fib support level which is standard for Wave A and now looks to test the 0.5 Fib at $323.
Many of the Meg Caps also lost their 0.38 Fib in April, so ...
2025-05-13 12:54:15 +0000 UTC
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Double beat on ER today and raised its guidance for FY'25 and expects net sales growth of +28%
Very impressive numbers.
And there is no changes to our chart either.
Price held on the 0.618 Fib comfortably at $39 and has now bounced back above the 50 WMA and now heading to th...
2025-05-13 12:00:28 +0000 UTC
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The US-CHINA postponement announcement on Sunday night allowed the market and the Mega Caps to bounce strong yesterday and we can see that $AMZN jumped right up to its amber 0.618 Fib at $211 yesterday.
This is still a resistance level we need to monitor but the price is currently above the...
2025-05-13 11:51:22 +0000 UTC
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TWEET:
$NVO The very definition of a sweet spot
Technicals + fundamentals + indicators = aligning.
2025-05-13 10:43:05 +0000 UTC
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I hope you all enjoyed reading the $AMSL Valuation Analysis shared yesterday and we can see that the PT from this analysis brings the price action up to the previous high from mid 2024 again at $1100.
Price has been moving well over the last few weeks and just slightly ahead of $AMD, as it ...
2025-05-13 10:37:37 +0000 UTC
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Very nice bounce yesterday of +7.3% with the market, so I have added in the impulse wave count now which would be the ideal scenario for $NKE now to move.
I really like how the Wave 5 move aligns with the large white line which is the cycle 0.618 Fib and the 200 Day MA right now.
A ne...
2025-05-13 10:33:16 +0000 UTC
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The new Drug EO from Trump has added more uncertainty for $PFE and the share price has pulled back lately but we can see that support has held perfectly fine on the standard 0.618 Fib for a Wave 2 higher low.
There was a positive reaction yesterday too, when many believed the price would be...
2025-05-13 10:28:54 +0000 UTC
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There has been a gear change for $AMD lately and the price action has jumped an impressive amount from $74 to $110 in 1 month.
The 200 WMA looks set to be tested again at $116 and this is something I have been consistent about since the price dropped below this MA....we know by now that it ...
2025-05-13 10:22:55 +0000 UTC
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$ASTS is an early stage growth company and should be seen as a Pre - Revenue company, focus on its Moat and potential.
ER makes very little difference in terms of EPS and Revenue for a company at this stage but confirming their on track to launch more satellites and announcing time lines is...
2025-05-13 10:15:01 +0000 UTC
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ER after the close yesterday and it was a healthy beat and the initial bounce jumped exactly to the 1.618 Fib at $10.08 before cooling down after the earnings call.
$ACHR and United have also announced a partnership to connect passengers from Manhattan to nearby airports
They also rec...
2025-05-13 10:07:07 +0000 UTC
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There is not a lot of green in the PM today, after a euphoric day yesterday for the market at +3.3% for the $SPY and +4.1% for the $QQQ.
After every strong day like this, a cooling down day typically follows.
However, it is the opposite for $OSCR because it finished the day red yester...
2025-05-13 10:02:24 +0000 UTC
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This was a requested chart last week and I highlighted that it was testing its breakout level out of its wedge, price has noW bounced from $66.66 to $75.71 and broken out of the wedge and above the 50 and 200 Day MA.
A retest now of the 50 Day MA, the 200 Day MA and the wedge between $68 - ...
2025-05-12 19:45:36 +0000 UTC
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