Is now testing the breakout level at $135 today, a hold at this level and we will see what happened with $AMD and $CELH when they broke out of their respective bullish formations.
Everything is taking a hit today, so it is difficult to gauge...
2024-03-05 15:49:21 +0000 UTC View Post
Back to back tough red days from $TSLA and a number of negative catalysts has broken $TSLA down:
'Tesla’s Gigafactory Berlin suffered a power outage and was forced to halt production on Tuesday following a suspected arson attack that c...
2024-03-05 15:46:09 +0000 UTC View Post
Very large flush at the opening, more than likely took out a lot of stop losses too. It was down to -9% at the opening and at the time of writing this, it is -1%....so there is some play acting right now.
So people have made a quick 8%.
<... 2024-03-05 14:45:10 +0000 UTC View Post
I know people are keen to short the market during a market decline but preservation of capital should be your main priority, risks of shorting remain in place, especially during dead cat bounces too which catch people off guard.
Putting your...
2024-03-05 13:00:05 +0000 UTC View Post
$MATIC is moving like $XRP, it has not had its parabolic move like many of the other well known cryptos but it is trending in the right direction and is showing early signs of a strong move coming.
Above its 20, 50 and 200 Day MA now and jus...
2024-03-05 12:27:24 +0000 UTC View Post
$IBM has not reached its Wave 3 target in between the blue line at $206 and the 1.618 Fib at $211, so there is still another 5-10% here on the table too for $IBM before it pulls back for a healthy Wave 4.
$IBM also offer a 3.44% dividend too...
2024-03-05 12:25:08 +0000 UTC View Post
My commentary for $HOOD is almost identical to that of $IBKR, benefiting from a rush of new and old customers to their platform as many people have rushed to buy over the last 4 months.
They will likely continue to benefit from both sides of...
2024-03-05 12:22:28 +0000 UTC View Post
Almost identical to $HIMS and firmly in Wave 3 with clear Wave 3 characteristics, as it is the most aggressive wave.
Target is at the 1.618 Fib at $19 and with the attention being brought to the market since the bull run in early November, i...
2024-03-05 12:20:28 +0000 UTC View Post
$HIMS along with $HOOD which I will upload next have been killing it over the last few weeks and have both produced clean breakouts and higher highs.
Both are showing aggressive moves now so small pull backs will be expected next before movi...
2024-03-05 12:18:06 +0000 UTC View Post
$DKNG is showing us that it is in its final Subwave 5 of Wave 5 but there is still another 10% still to go to reach our target at $50....a pull back in line with the market would be a good opportunity here to add when it pulls back to our First or...
2024-03-05 12:15:59 +0000 UTC View Post
$DDOG has been following this Cup and Handle formation but we are starting to see some bending lately, a retest of the blue line may be coming next at $120 to find support. Successful confirmation of support here and I believe this can continue mo...
2024-03-05 12:14:13 +0000 UTC View Post
$CAT continues to be consistent and has been showing no signs of market turbulence lately as it reaches for its Wave 3 target at the 1.618 Fib at $373.
Another 10% is still on the table here while the market is set to decline.
2024-03-05 12:11:46 +0000 UTC View Post
$AAPL has made it clear on Monday that the reversal is now confirmed.
They have lost the 50 and 200 Day MA and trending to the downside in an ABC corrective wave.
Since its high of $199, the PM now brings the price down to $172, which ...
2024-03-05 11:18:43 +0000 UTC View Post
Pulling back -13% today as the sector is getting decimated lead by $TSLA but lets look at where it is heading too....right down to the 200 Day MA, which I spoke about in the last upload and this is between the 0.5 Fib and the 0.618 Fib, making thi...
2024-03-04 20:39:11 +0000 UTC View Post
$JPM does what it wants.
Absolutely zero influence on this moving to its Wave 3 target at $192, it is locked in.
Looks almost certain to test its Low at $19.35, which is also its IPO low, 2016 Low and 2018 low.
We saw this happen with $DIS too and it did help with its reversal.
They also have their earnings report out tomorrow before the opening ...
2024-03-04 20:26:18 +0000 UTC View Post
This is also a 3 X leveraged ETF on China Internet.......sorry I just googled this:
'The Leverage Shares +3x Long China Tech ETP seeks to provide plus3x leveraged exposure to KWEB'........ 2024-03-04 20:10:29 +0000 UTC View Post
50 Day MA right now is at $17.44 and the pull back came to $17.76 today, so not quite touching the level and obviously not going beneath it, for now, support remains in place.
So those believing that China is somewhat in the same category as...
2024-03-04 20:07:44 +0000 UTC View Post
This company has only been on the exchange since the start of 2021, so we do not have a lot of previous chart movements to be completely accurate here but I do see a hold on the IPO level on our bottom blue line and then a bounce, a pull back then...
2024-03-04 16:45:24 +0000 UTC View Post
With the legacy Mega Caps starting to reverse to the downside, our eyes are on $NVDA to see when it will run out of steam.
$AMZN to a lesser extent but I am watching $188 for $AMZN to reject.
$NVDA is fast approaching its 2.618 Fib at ...
2024-03-04 16:03:25 +0000 UTC View Post
Ok I want to make the levels clear for us:
We are testing the middle wedge right now at $0.66, a breakout here and we have the final wedge line at $0.76.
Above $0.76 and we have lift off, the $XRP bull run.
We are already in pro...
2024-03-04 15:57:50 +0000 UTC View Post
DO.NOT.CHASE.THIS.
Perfect Wave 5 characteristics and it will pull back soon.
$241 however is still a possibility first.
2024-03-04 15:33:45 +0000 UTC View Post
Exactly a week behind $AMD but behaving exactly like it.
Breaking out from the bullish channel and is on a direct route to the 1.618 Fib to finish Wave 3.
This is being done in spite of $AAPL declining which is even more impressive. 2024-03-04 15:31:02 +0000 UTC View Post
$LULU was looking like it was going to run but it has not forsaken us.
On the 1hr chart it is easier to see, that it rejected at the 200 MA and pulling back again now.
The 0.38 Fib is the target for us at $428 and we can see the 200 Da...
2024-03-04 15:26:32 +0000 UTC View Post
We have the wedge breakout and the price is still above the 50 and 200 Day MA's here.
A retest of the wedge breakout level at $8.40 would be perfect, signally that this is the new support level and signalling a buy signal for holders.
...
2024-03-04 15:19:32 +0000 UTC View Post
We are getting very close to the 1.618 Fib limit now, it is at $3571 and we hit $3544 today.
The RSI now is at 92 too .....deep into the OVERBOUGHT territory, while aligning with our Wave 3 target.
I can not say for certain that it rej...
2024-03-04 14:04:09 +0000 UTC View Post
$SE reported today and with a revenue beat, the PM is up 12% now and has now closed the gap to $56.
Those who were here since the summer time will remember the awful post earnings gap down, in spite of an earnings beat, the company said they...
2024-03-04 13:56:57 +0000 UTC View Post
A lot of members are keen to hear the earnings report tomorrow before the market opens.
The price has stayed below the 200 MA on the 1hr chart since the start of this year and it has been a firm resistance level since the middle of Feb, so t...
2024-03-04 13:04:51 +0000 UTC View Post
Exact same commentary for the $SPY as I just gave for the $QQQ, we are also seeing some rotation into smaller cap stocks this week too. Which is good for the market, keeps the $SPY moving higher, with the market holding its capital nicely and stil...
2024-03-03 19:34:40 +0000 UTC View Post
$QQQ continues to be propped up by $NVDA, $AMD, $AMZN, $META and generally the Ai sector, in spite of the lackluster performance by the old reliables, such as $AAPL and $GOOG.
There still appears to be more in the tank for the Ai/Semi compan...
2024-03-03 19:31:20 +0000 UTC View Post