outbreeak

outbreeak Updated 

After we broke the downward channel, I expect fuel to lit the pump. Next targets are 0.618 fib ($0.39), 1 fib ($0.48) and 1.618 fib ($0.63). I'm a big fan of IOTA as a crypto technology, so I abstain from commenting news or development.

outbreeak Updated 

Inflation still high Index at maximum price and high P/E Big investors who don't usually sell are selling (James Dimon, Zuckerberg, Bezos) Greedy market Inversion in the yield curve Leading Economic Index signaling crisis We are 5 months going only up and strong. I'm out of the stock market for now, waiting a correction at least at the 0.382 fib...

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Considering the iron ore price, the company's valuation (and it's historic) and the chart support between $11~$12, I'm longing it. Main target between $15~$17.

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Nubank is priced as the 3rd largest company in Brazil by market capitalization, which is insane, plus the RSI is extremely overbought on the daily and weekly chart.

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Azul (AZUL4) has improved its latest quarterly results, in addition the price is at pandemic crash levels. In general, Brazilians dislike three sectors: retail, slaughterhouses and aviation. In my opinion, this is an opportunity. Targets in Fibonacci extensions: 0.618 (R$21.63), 1 (R$27.60), 1.618 (R$37.25) and 2.618 (R$52.87).

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Minerva Foods (BEEF3) is the largest beef exporter in South America, with access to more than 100 countries and operations in Brazil, Argentina, Chile, Colombia, Uruguay, Paraguay. Adjusted for Brazilian CPI and considering its fundamentalist indicators the stock it in one of its cheapest periods. The main concern is the company debt, leverage.

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Just a comparison between ARGT (Argentina), EWW (Mexico) and EWZ (Brazil) that I mentioned in my last EWZ long idea.

outbreeak Updated 

XNO has a history of explosive movements. Fibonacci extensions point to possible targets after the $1 price is left behind. To put it in perspective, at current values, XNO should be worth $90 to catch up with the memecoin Doge and $37 for Shiba. To enter the top 100 of the crypto market capitalization it would need to be worth $4. I believe it is a great...

outbreeak Updated 

While China, India, Russia and the Middle East have been very noticed, Brazil has been overlooked. With the discussion of the end of the dollar's hegemony, it may be a good time to look at emerging markets. Despite controversial policies, it is a country without problematic neighbors and with many natural resources. The areas and lines on the chart are support or...

outbreeak Updated 

Nokia completed the share buyback, which started in February 2022, in November 2023. On the monthly chart, there is divergence in the MFI, KDJ is looking to cross upwards. Apparently 2024 will be a key year for the company. The fair price at the moment seems to be around the VPVR, around $5

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Alibaba has been battered since the real estate market and China's economy in general took a hit. MFI (RSI+Volume) and MACD showing some divergence in the monthly chart, showed in the arrows. The price is below the key VPVR price and in a support zone (white area). If you like the business, this seems like a good time to buy.

outbreeak Updated 

4h chart closing below the cloud and Kijun and Tenkan lines crossing down in the daily.

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Long term extrapolation. - Resistance/support zones: white areas - Wave 3 target: 1.618 or 2.618 fib extension - Elliott's parallel channel in blue. Also, the price is on ichimoku kumo cloud support.

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There's not much to talk about, this is the most bullish Ichimoku I've ever seen in my life. I'm leaning towards IOTA because I like the project a lot, but from a TA point of view I think it's just buy and hold until it reaches higher resistances (about 8000 sats, 15000 sats and 30000 sats depending how the market goes).

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Gold is a slow player but I think it will go up for the next months. With all the quantative easing the stock market and cryptocurrency were pumped up. I think now is time for gold to shine. Cup & handle pattern can be seen, RSI support and my subjective Elliott Waves.

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Support at previous support range and 0.618 fib. In my view it means that Bitcoin will fall and altcoins will fall faster than Bitcoin. However, it can also mean that Bitcoin will rise with money flowing from altcoins to it. As I am bear in relation to the S&P 500 I bet on the first option (due to the correlation of the assets).

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Just some Elliott Waves that make sense to me (truncated wave 5), not a deep analysis. 1.618 of light blue waves and 0.618 of pink waves are close. I don't see a good risk/reward going long right now. RSI showing some divergence. Waiting for the FED meeting today.

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Although moving averages aren't looking good, EWZ is in a big support zone (white area). In this Elliott waves analysis EWZ hit the 0.382 (30.78) fibonacci retraction for wave 4 and if this is the end of it, wave 5 could hit 0.618 (42.01) or 1 (49.15) of fib extentions. The ex-president Lula news made the market drop today, but Lula isn't worse than current...