Good day for our plans. Went down to our first target close to $10.60 and held, I believe it will take very little to breakdown from this support, the momentum appears against $NIO for now. $9.50 is very important next......and as always, getting into the red channel will be the bull case.
2023-02-06 20:03:57 +0000 UTC View Post
Earnings out today, we have highlighted this already but its one to keep an eye on, I have liked the consolidating before breaking above and into the bull case.
2023-02-06 13:14:13 +0000 UTC View Post
Like $QQQ is this an 3 wave corrective count or an impulse wave? we will know tis week. The move since the start of the year has been parabolic so may need some relief shortly, earnings coming up, so lets see.
2023-02-06 13:11:48 +0000 UTC View Post
Earnings this week, first target has been hit and pulled back, good earnings and it can reach for the second target.....bad earnings and this could be in trouble, the market appears optimistic lately tho.
2023-02-06 13:09:31 +0000 UTC View Post
Earnings this week too and it broke out of the channel last week, same play here, good earnings and it stays above the channel then we can start looking at the bull case.
2023-02-06 13:02:00 +0000 UTC View Post
Earnings this week and it has been consolidating within this channel for over a year now, no surprises from the earnings then the bounce can continue up to the upper limit....bad earnings and it can drop out of the channel, the targets are below.
2023-02-06 12:59:43 +0000 UTC View Post
No changes to our chart we uploaded a few weeks ago, it has gone above our first target, so momentum may start slowing down as it approaches the second target, I will be expecting a pull back here shortly, staying above the yellow trend line is important, if it can do this, it's very bullish.
2023-02-06 12:57:19 +0000 UTC View Post
Very nice bounce on the support line and consolidating within the blue line range, testing the $4.50 is likely shortly.
2023-02-06 12:54:16 +0000 UTC View Post
The big debate for the markets now, are we in an impulse wave (green) or in a corrective 3 wave (red) count. The market sentiment appears slightly leaning towards the bear case now but the charts are showing mixed signals so both options are every much possible here. I think we will experience more pull backs today but we need to see if this week brings any big movements, an aggressive pull back and the market may favourite the bear case.
The bulls will want to stop this momentum, if t...
Really strong move lately though showing signs of losing steam on Friday and the PM today, AI companies have been rejuvenated from Chatgpt and $PLTR will benefit from this attention to AI. However, it's move has been aggressive lately, as always, we look for structure for an impulse wave, $4.50 may not be possible now, unless this continues straight up with no pullback (red wave C), then we can expect a new low later in the year. Otherwise, a pull back for Wave 2 is suitable to en...
2023-02-06 12:47:56 +0000 UTC View Post
Very bearish end to the week and the daily candle ended bearish, also dipped below the support during the day session.
As I have said all along, my opinion is that the move is bearish but the trend kept pushing higher....it is possible that we are in an ABC count now, fooling everyone and it is a fake out and with Wave C ending high, it will complete 5 wave corrective next.....this is a possibility.
If not, the trend continues higher and turns bullish.
At the upper limit of the wedge now that we have been watching for weeks, rejection and the bear case is as shown. The new chart is the bull case, very straight forward, a break out and the targets are above as shown.
2023-02-04 21:19:05 +0000 UTC View Post
So this chart incorporates the Corrective Wave (amber) and the Impulse Wave (green)
No pull backs and it is almost certainly corrective and we will reach the upper limit of the trend channel and we will, I believe hit new lows later in the year.
A meaningful pull back to where I have shown, in green and $TSLA saves itself from new lows and the bottom could be in then.
Almost singe handedly saved the market from utter devastation on Friday and it was quite brutal as it was. I have highlighted here what $AAPL did in June when it rose straight up without any pull backs, note that the pull back then went lower than the previous low in June....this is what will happen when stocks bounce aggressively with no pull backs. $AAPL needs to avoid this again.
2023-02-04 21:11:51 +0000 UTC View Post
Finished just below the 200 D, after going above it during the week. Bearish indicator on the daily too, $GOOG have apparently said they are releasing their version of Chatgpt soon, this will be an important catalyst....AI War is soon among us.
2023-02-04 21:08:12 +0000 UTC View Post
I personally thought their earnings were shocking, even their AWS cash cow showed deteriorating margins. Below the 200 day after Fridays -8.4% day and very much still in the downward trend. PE is at 104 now, so even in our buy zone, we called awhile ago now, it still overvalued at this price.....that said, $AMZN have a lot in their arsenal they could use, share buyback, new product launches, destroying competition and raising prices could all help. I would never rule $AMZN out for long term.<...
2023-02-04 21:05:54 +0000 UTC View Post
Very good move to partner with Chatgpt, it has taken the world by storm and I expect this to continue. That being said, no clean breakout here, guidance from their earnings was not great either and it was over shadowed by the Fed noise and other earnings during the week....the market may digest this guidance next week and could put this under pressure.
2023-02-04 21:01:19 +0000 UTC View Post
No changes this week, crucial level still has not been tested yet. Both directions are very much in play.
2023-02-04 20:58:32 +0000 UTC View Post
It is still in the downward trend and tested a support on Friday and bounced....still we wait.
2023-02-04 20:57:08 +0000 UTC View Post
I updated this on Friday but I think a lot are interested in this, it had a bad earnings report but recovered well, possibly thanks to all other Semi's doing well, it is still lagging behind however, a break above $32 is where we are watching, if not, then we wait for this to go lower.
2023-02-04 20:54:17 +0000 UTC View Post
V shaped bounce here with no pull backs, looking corrective if this does not happen soon, Wave C ending high means 5 waves down next. I like $ABNB so want this to pull back to Wave 2 shown, if not, I am not chasing, I will buy later when it comes back down.
2023-02-04 20:51:28 +0000 UTC View Post
Nothing to change and very little to update, we have watched this corrective wave now for weeks and it is behaving nicely, I am expecting a pull back soon but earnings are not till the March, so it may pull back with the market if the bearish trend on Friday continues.
2023-02-04 20:48:59 +0000 UTC View Post
Bad earnings this week and now starting a price war with $TSLA when margins are getting tighter. I am doing nothing here until $7.
2023-02-04 20:46:49 +0000 UTC View Post
Reacting well to the bullish move across all Semi companies lately, let's see if this trend can continue.
2023-02-04 20:44:30 +0000 UTC View Post
Bounced with the market during the week to then come down on Friday with a bearish end to the week, bull case remains above $346 if it can hold above. Wave 5 in amber is sitting on the 0.618 Fib.
2023-02-04 20:42:18 +0000 UTC View Post
This stock is in a world by itself, it is not following the market trend and has been very disciplined, big test coming up however at $58, if it bounces, it may follow Wave 3 in green then, failure to bounce and it comes down to our buy zone.
2023-02-04 20:40:04 +0000 UTC View Post
Fighting to get out of the channel now but this has been great for us and some of our members.
2023-02-03 19:51:32 +0000 UTC View Post
