$IQ is also a Chinese Stock which I have no issue holding
And in this sweet spot where both fundamentals and technicals have aligned to show an undervalued position that is perfectly ready to make a strong move.
The pull back since...
2024-06-04 15:06:59 +0000 UTC View Post
This chart does not give me concerns, in fact I do not have any concerns with $BABA, $BIDU and $NIO....patience is the skill we have learnt.
I will never have an issue holding a stock that is fundamentally undervalued across all metrics and ...
2024-06-04 15:00:47 +0000 UTC View Post
It would be difficult to expect too much movement here as we are so close to earnings on Thursday morning before the market opens.
Structure has not changed and working to test the blue line at $5.30 which we know was a support level earlier...
2024-06-04 14:54:44 +0000 UTC View Post
This is where you start blocking out the noise and your negative thoughts and start focusing on what the chart is telling you.
Right now, we have the perfect pull back for Wave 4....a pull back made in 3 waves and holding on the 0.38 Fib and...
2024-06-04 14:49:26 +0000 UTC View Post
$30 was lost this morning and the price action is now moving to test support on the Fib levels
All charts behave the same way, regardless of what they are and Silver is no different.
$30 is the historical resistance level, so convertin...
2024-06-04 14:44:29 +0000 UTC View Post
It could be time for Biotech to start having its moment
Pull back since Feb has now completed 3 waves down, flushed down to the 0.78 Fib but quickly regained its 0.618 Fib and 200 Day MA and has now successfully flipped these levels to supp...
2024-06-04 00:06:55 +0000 UTC View Post
Starting to look very attractive here.
Remember this is a company where legendary activists investor Carl Icahn has been building a position at the start of the year.
An industry he knows very well
I can see a pull back now in 3 ...
2024-06-04 00:01:24 +0000 UTC View Post
$CLSK is still consolidating within this yellow channel in Wave 4, managing and doing well to test the bottom line and find support....$BTC has been taking its time too to decide a direction so this is probably why $CLSK has not taken a direction ...
2024-06-03 23:54:04 +0000 UTC View Post
Curious to know who is still holding here
This was a a chart of the week we put up back in August when we said that this has the potential to take off as it was one of the front runners in developing a semiconductor that could be cooled at r...
2024-06-03 23:49:08 +0000 UTC View Post
$PLTR chart without EWT is as much bullish as the chart we regularly use.
Price action is still in this bullish flag, as part of a larger Cup and Handle formation, with it finishing in the short term at $29.
A break above $29 and we co...
2024-06-03 23:43:30 +0000 UTC View Post
$BMBL remains in a very strong position since its breakout of its smaller and larger wedges.
Pull back last week hit in between the 0.38 - 0.5 Fibs which was just above the 200 Day MA too
Price held at this level too and reacted well a...
2024-06-03 13:38:30 +0000 UTC View Post
$MRNA continues to move very well in this pull back but I think it needs to slow down slightly and allow the 50 Day MA to catch up with the strong move.
So a test of the 0.38 Fib and consolidating along this level and confirming that this as...
2024-06-03 13:04:46 +0000 UTC View Post
Moving very well now in this potential Wave 3.
We want to see a breakout above the previous high which was Wave 1 at $8.17, where I have added in the green line
A breakout and hold above this line and we can confirm that Wave 3 is unde...
2024-06-03 13:00:14 +0000 UTC View Post
Moving very well here in this Wave 3 and comfortably using the 200 Day Moving Average as support to climb to higher highs.
There may be another test of the 200 Day MA shortly but this will present another opportunity to add to your position...
2024-06-03 12:46:22 +0000 UTC View Post
I am always looking for strong branded companies which have been suppressed for a long period of time and now moving in a manner which suggests a reversal is possible.
Technically this has been moving well in this descending wedge but still ...
2024-06-03 12:37:09 +0000 UTC View Post
$OXY has pulled back to the strong confluence level where the yellow wedge trend line, the 0.618 Fib and the 200 Day MA all converge on each other and so far the price action has managed to hold on this level, staying on the outside of the wedge m...
2024-06-03 12:24:44 +0000 UTC View Post
$ETH has been holding up quite well over the last week and has only managed to pull back to 0.236 Fib so far, which would not entice me to add to my position here, I would like a stronger pull back to consider adding to my position.
The 50 D...
2024-06-03 12:18:46 +0000 UTC View Post
$INDA is up +3% in the PM now which is a strong bounce for this exchange but we can see that this is a positive continuation now after holding support on the green support line, which was the 2021 high.
The price has also used the 50 Day MA ...
2024-06-03 12:13:37 +0000 UTC View Post
Positive start in the PM for $NIO after the market digests the +20k figures reported on Saturday for the month of May
Coupled with the positive hold of support by the HSI
The plan remains the same here, after holding on the 0.5 Fib and...
2024-06-03 11:33:24 +0000 UTC View Post
We were expecting a bounce today here to confirm a hold on the 0.38 Fib and this is what we got today, up 1.78%.
Two reasons behind this:
'The Hang Seng soared 323.43 points or 1.79% to end at 18,403.04 on Monday, snapping the down...
2024-06-03 11:26:16 +0000 UTC View Post
$PLTR has now tested the $20 level 3 times now just above the 0.618 Fib which would be a standard pull back for an ABC correction.
The $20 psychological level is just above the 200 Day MA and we can see that this MA is moving up to the $20 l...
2024-06-03 02:44:26 +0000 UTC View Post
$QQQ remains almost identically linked to the $SPY chart right now so it is worth reading the commentary under this chart too.
Price pulled back to just below the 0.38 Fib too but above the 50 Day MA which we also expected from last weekend...
$SE looked like it was well on its way to move higher to complete Wave 3 but a number of catalysts came in this week.....notably that they were being investigated for anti-trust behaviour, which I don't believe is a long term threat but an opportu...
2024-06-03 02:33:37 +0000 UTC View Post
So no surprises this week with the $SPY chart, we said last weekend to expect a pull back to the 0.38 and 50 Day MA and this is what we got.
Wave 4 pull backs can be expected to pull back to the 0.38 Fib before going higher and the price man...
2024-06-03 02:29:14 +0000 UTC View Post
Our thesis here remains in tact, a hold on the trend line and the 0.5 Fib at $57 is still in place but we can not deny that a test of the 0.618 Fib, which would be a standard pull back level for Wave 2 is still a risk but also, a buy signal for us...
2024-06-03 02:20:33 +0000 UTC View Post
$TSLA managed to finish the week above the 50 Day MA and the 0.5 Fib which is a good sign for bulls as $TSLA holders await to see if Elon Musk is approved for his $50 Billion payout.
Considering how the price has been able to hold at this i...
$PYPL spent the week battling with its 0.618 Fib and its 200 Day MA but still managed to stay above the 200 Day MA which is an important level to stay above.
This is a level where the price either bounces strong from here or loses this leve...
$MSFT's week was more difficult than $AMZN's, who had regained their 50 Day MA into the close on Friday but unfortunately $MSFT did not, it finished just slightly below this level at $415.
It will be very easy to recapture this level in ...
Very little changes here for $GOOG this week, it pulled back with the market on Thursday and Friday but barely made a mark on the price action and managed to finished the week above its 0.618 Fib at $172.
I maintain that this is still in its...
2024-06-01 16:12:32 +0000 UTC View Post
I am watching $AAPL for another test of the ATH line at $199 again for the 3rd time since July '23, which is a remarkable position for $AAPL to be in, effectively flat for the last 12 months, however if you played the waves, you could have made so...
2024-06-01 16:08:51 +0000 UTC View Post