The retracement of the corrective risegives the chance of a renewed attempt to overcome the breaking summer high of 2021. And even if we may not succeed there is a good chance for a profit. But if we succeed the chance of a further rise will be exorbitant. Then the chart will have the V-formation confirmed which consists in the deep fall of the 4th quarter of 2021...
This line seems to be important enough to initiate a regular correction. We may even chance to see a retracement of the rise since October.
The rise was to fast for my taste. We've reached a new high and may correct the rise to collect new breath for a further rise.
We saw an incredible spike of this stock this week. It has been retraced immediately. There must be a new buying interest that has been driven to a hyperbole by short term speculators who took profit as soon as the rise came to a halt. I assume that this spike would not have been possible without the existence of more serious buyers I am taking the chance of the...
We seem to stop here and Tesla may be ripe for an upward retracement.
Obviously we cannot reach the double top again but don't have momentum to correct downward. We are sticking in a trading range supported by an open window since May 3rd. But as the way up we have gone since January is so long I cannot imagine that the market cam become clean by a sideward trading only. May be we may stick in the range for some more days but...
We've reached a new high at the end of the past week. This week the market seems to be waiting, taking breath. This may mean that at the moment there is no immediate buying interest. An upcoming profit taking may lead to a sharp drop. After such a sharp rise it is not unusual that some profit taking of short term oriented market participants will take place.
Despite the price has run already for a long time there seems to be enough room for a further rise if this doesn't become a consolidation zone here. But it seems that there is no momentum for a downward correction yet.
What a fall! From 147 to 137! But now we've reached a good support. This is not only the January low but was also several times tested since February 2022 where it always proved to be a valid support. In December 2022 till January 2023 it resulted in a 5 month lasting uptrend. I think that we will see a certain support here as well at least,
We have retraced the decline since April 8th by over 50% and at the same time reached a hidden resistance which was the Summer low of 2022. This allows the conclusion that the March-April double top may have formed the end of the attempt to turn around the downward trend existing since November 2021. The present rise thus may be seen a an exhaustion already and...
There is not much to say. Neither the indicators nor the chart picture indicate an immediate rise. And the monthly chart gives an impression of a complete loser from the very beginning. The purchase of the development branch from DiDi in 2023 gave only a glimpse of hope. But Xiaopeng is not a loser. The sales of cars are exploding. If there was a hype I would...
We have reached a hidden bottom characterized by the 1.27 retracement of the rise from the October 2022 low. It marked a support level from June to October 2023 and had served as a resistance from November 2022 to June 2023. This long term relevance makes it interesting today again. If this possible valid support level will result in a bottom building we may see...
In a first attempt to overcome the prevailing since October uptrend and to turn it around or achieve a major downward correction at least we have failed in April. Today some American players used the absence of the most other markets due to Labour Day to try it again. Nevertheless it became a dramatic fight against the bulls and the bears could not manage to...
We are still falling but the Donchian Channel has turned already and the MAs are beginning to hint for a light oversold condition already. As we have fallen so deeply for over a year now the risk for further deep declines are smaller now.
Having Ocugen shorted has been one of my finest deals deals this year. I was lucky enough to stay short until now. But now I think that it's time for a correction. Not long ago there was a lot of buying phantasy among analysts and dealers. They have been disappointed. What is the situation now? I think that the market is almost clean now. Disappointed traders...
The highs of November and December are marking a support zone for Palantir. On February 5th to the 6th we'd got a window which is still open. This may support the zone additionally. The downward momentum is running out of steam. And we have reached the 62% Fibonacci level.
We just see a retracement of the long decline since January. As this is a downtrend already and we are holding below the EMA we can consider this as a retracement. This consideration is supported by the 65 % Fibonacci level from where the retracement started. When we take into account that we've got a double top which are the July and December 2023 highs we can...
The November top seems to be a harder resistance than I thought. I am making a little bet on the attempt to test the open window of 5-6th February. There is no momentum to the upside at moment.