motleifaul

motleifaul

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...

motleifaul Updated 

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.

motleifaul Updated 

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...

motleifaul

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...

motleifaul Updated 

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.

motleifaul

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...

motleifaul Updated 

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.

motleifaul Updated 

I had expected Paypal to rise. It did but not with the momentum I had expected. We cannot overcome the MA so that the preferred direction is the downside at moment. I don't expect to much however, as the our friend the trend is still up.

motleifaul Updated 

We trading within a range since mid February. Since March 21st we had declined a whole range. This decline has been retraced since Monday by almost 78 %. This makes hope for another attempt to fall below the range now.

motleifaul Updated 

Paypal is gaining upward momentum again after having corrected the rise since March 27th. Provided that we can overcome the MA there is a good chance to test this years highs again.

motleifaul Updated 

The rounding weekly top suggests an upcoming major decline due to the outstanding correction for almost half a year. For almost half a year we have not seen any correction so that we can consider the market as heavily overbought.

motleifaul

We seem to stop here and Tesla may be ripe for an upward retracement.

motleifaul

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.

motleifaul

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...

motleifaul Updated 

The rise since March 5th has been retraced and the momentum is renewing. There is not much ore to say. The upward trend that has begun in February is by far not expired and so I think that I can expect a short term retest of the March top.

motleifaul Updated 

The previous week could not reach the high of the week before. This was a hint that the bullish momentum is slowing down. The price reaction this week has confirmed this bias as the attempt to reached this high again has been sold immediately. This high seems to become an important resistance zone as it was a support zone for half a year from March to September...

motleifaul Updated 

The attempt to correct the decline has been half-hearted only and has been sold immediately. The bearish, i.e. corrective mood has thus confirmed.

motleifaul Updated 

Since end January we are trading within a broad range between 71 and 78. Now we have reached the bottom again and may expect another upward retracement . Yes, the trend is still downward and cautiousness is required. Perhaps it will take some more days to confirm a possible bottom here. But a retracement up would indicate the readiness for such a bottom.