Double top and triple bottom here....so this is interesting to see but likely a consolidation phase...both directions are still possible, a bounce at both limits and money can be made....ultimately, the breakout or breakdown of the channel will confirm the cases.
2023-02-08 22:03:25 +0000 UTC View Post
Consolidating now within the blue channel, Wave 2 is as shown, will need to bounce at the white fib levels or above, otherwise Wave B is possible. Last line of support is the blue line.
2023-02-08 22:01:23 +0000 UTC View Post
At the bear case line now, a bounce here and the 200 Day MA is above, next test will be the yellow channel line....few hurdles ahead but the structure is showing impulse waves. Failure to hold the bear case line and it is corrective.
2023-02-08 21:59:10 +0000 UTC View Post
Earnings report after close today too....we are seeing a lot of set ups like this before earnings, under the 200 Day Ma and previous high but looking like their Wave 2 is in aswell.....so it gives the impression of being both bullish and bearish, this is why I put the bull case above the previous high so we do not get caught out with a bad earnings, a buy order above the previous high, I normally add some margin of protection here too and you won't miss a large run.
2023-02-08 13:17:24 +0000 UTC View Post
No changes to $NET here, found support on the 200 Day Ma and bounced again, targets remains.
2023-02-08 13:03:30 +0000 UTC View Post
Has not stopped climbing since it bounced on our wedge, PM is looking good too with the report of $UBERs excellent results.....no pullbacks so far leads me to believe this is a corrective wave however.
2023-02-08 13:02:09 +0000 UTC View Post
Bulls want to see $FSLR staying above the yellow trend line now and a break above the blue line turns this bullish with little risk.
2023-02-08 12:59:47 +0000 UTC View Post
Continues to follow our projection, the yellow trend line is the next test.
2023-02-08 12:58:27 +0000 UTC View Post
Below the 200 Day MA on the 1 Hr now, not showing any signs of changing this downward trend, possible retest of the 200 Day resistance today or shortly, however, I am happy with what I am seeing so far.
2023-02-08 12:43:33 +0000 UTC View Post
Earnings out after the market closes today, there has been no changes to this chart since I uploaded it last, looks on course for the blue line....but lets see if there is any surprises in the earnings.
2023-02-08 12:39:18 +0000 UTC View Post
Double beat with earnings report, we spoke 2 days ago about this bouncing on the trend line with a good report...
2023-02-08 12:34:29 +0000 UTC View PostHow do you feel about the market for the next 6 months?
2023-02-08 12:17:42 +0000 UTC View Post
Behaving as we have shown 6 days ago, a flip here at $85.50 to support and this looks very good.
2023-02-08 02:03:41 +0000 UTC View Post
No changes to this chart, I last uploaded this 5 days ago, showing we are likely in Wave B now....up 8.5% now in PM after a positive earnings.
2023-02-08 01:49:53 +0000 UTC View Post
Wave 2 bounced perfectly on the lower support line in the wedge and took off, clean break through the wedge as the global market opened up and airlines expect to continue their expansion, back into the wedge again and this would be bearish.
2023-02-08 01:44:43 +0000 UTC View Post
Has been on an incredible run now for the last 10 years or so, a breakout of the channel here looks bullish but it could be the last run before its corrective waves start.
2023-02-08 01:41:49 +0000 UTC View Post
Missed on earnings and revenue and gave a cautious guidance due to China reopening, rejected so far at the top of the wedge...it may have another attempt at breaking out, second rejection and I would not be optimistic.
2023-02-07 15:37:17 +0000 UTC View Post
Pullback was needed, lets see if it can hold for Wave 2, if not then Wave C is still on.
2023-02-07 15:28:44 +0000 UTC View Post
No changes here, bounced on our support line and is getting a lot of attention as they are releasing their own Chinese version of Chat gpt.
2023-02-07 15:22:48 +0000 UTC View Post
I would not be surprised to see $META pulling back for Wave B shortly, it has left a very large gap last week and pulling back for Wave B closes this perfectly, I believe this will turn out to be a nice structure then
2023-02-07 15:14:44 +0000 UTC View Post
$AMZN has been struggling since the earnings and we spoke about this over the weekend at length. Below $90 is a strong possibility unless the bulls come in and start buying in the market.
2023-02-07 15:11:37 +0000 UTC View Post
Looking like losing the 409 support next if it does not bounce on the yellow trend line, a lot of work to do here from both bulls and bears to decide which direction this will go.
2023-02-07 15:08:21 +0000 UTC View Post
As with all of my charts now, a bear case will be present and although we've enjoyed this run so far here, it is still possible to be a corrective 3 wave move (WXY), especially approaching earnings. But there is a lot of positive signs, broke above the previous high, Wave 2 pulled back to form a nice structure and well above the 200 Day MA now.
2023-02-07 12:57:00 +0000 UTC View Post
Earnings report after the close today. It is difficult to see any other trend here apart from downward on the chart, the bull case can only be considered outside of the channel. Fundamentally this is a mixed bag, with a PE of 2.5 and Fwd PE of 7.1...but declining quarters, the market will be looking for a positive guidance for the quarters, if they can deliver this, this could turn around quickly and very positively.
2023-02-07 12:52:59 +0000 UTC View Post
Earnings before the market opens today, there is still a bit to run for Wave 3 before a pull back for Wave 4....bad earnings and this could drop out of the channel (probably unlikely since energy stocks have been reporting incredible profits lately)
2023-02-07 12:47:43 +0000 UTC View Post
Channel breakout, nice structure and tapping on the resistance line now just before earning tomorrow before the market opens....
2023-02-07 12:45:29 +0000 UTC View Post
Sticking its head above the wedge now, 200 Day MA just above, clean breakout and a retest and it is looking strong then.
2023-02-06 20:48:18 +0000 UTC View Post
Struggling to hold the trend line in yellow, broke down and recaptured, tested again and bounced slightly, buyers need to step in and build on this, a break below the yellow line again and the targets are below as shown.
2023-02-06 20:35:16 +0000 UTC View Post
Rejected at the previous support line in blue and wave 4 finishing below wave 2....If this is a stock you are interesting in, below $1.50, you should be in a position to start adding slowly.
2023-02-06 20:18:56 +0000 UTC View Post
Hard rejection today, 200 D MA in yellow may act as support here and another attempt to break above the previous high can happen....a failure again and our bear case looks to be next.
2023-02-06 20:05:34 +0000 UTC View Post