novamatic

novamatic Updated 

This is a very long-term view of SMH. You can see the FIB that is in play which is anchored at $41 in December of 2018. We ran up all the way to just about $160 in December of 2021. We had a hard pullback to $84 and did a fast turn around, again to $160, in July of 2023. We retraced almost perfectly to the 50% of that move to $136 and we are now in the uptrend...

novamatic Updated 

I like to explore lots of ideas. This is one that seems unthinkable but hey, ya never know. This is a long-term channel and we've formed what looks like a cup and handle. If earnings disappoints, which it very well could, we may find ourselves making the first leg of that handle very quickly. What do you think?

novamatic Updated 

This is the opposing view to is AMD going to miss on earnings, which I just posted. The way the market seems to be going for SEMIs, this could be the case. But I'm wondering what you think

novamatic Updated 

See the chart. From lows to highs, using FIB 1.618 taget and trendlines...

novamatic Updated 

Just my view that I've been watching for a while. So far, extensions are being hit... and I think $1200 is likely.

novamatic

A few reasons to go long: 1. we just hit the 50% retrace at $82 2. we are completing a descending wedge (likely to break up) 3. there is a gap at $143 that aligns well with the 1.618 extension

02:25

novamatic Updated 

lots of bullishness out there. check out this short video which shows some key levels and why I think Plug is likely to hit $2

novamatic

There are a few factors that make this a good entry: 1. it is the 61.8 of the move from $4.45 > $11.67 2. it is also where the lower trendline intersects this point 3. RSI is oversold What do you think?

novamatic Updated 

Looks crazy, right? From Jan 2019 low to Nov 2021. Let's see what happens.

novamatic

Here's the bigger wedge I'm watching. This tricked some folks as it dropped under the smaller wedge (not drawn here). If we see it break above $1.05, likely see $1.25. If not, likely to come back down to the lower trendling before going up.

01:53

novamatic

This is my first video... it seems you can hear me based on the preview I just did! As of right now, the fib anchored at the $!70.50 level has been working well on our journey up to recent highs. The pullback has pinned the 50% retrace level around $184. I also touch on the APPL VIX, something I didn't know about until @wavetimer posted about it, just recently...

novamatic Updated 

Just sharing this idea. Seems like a pullback is imminent. Thoughts?

novamatic

Pretty self-explanatory. This pattern not looking good. Fibs and gaps all line up. hard to see how we dont pull back. Open to your thoughts, as always

novamatic

I'm just guessing at the bottom trendline, at this time. However, it looks like we are consolidating and will tighten up until we break. So far, we're holding short (61.8 at top of wedge). we could also retrace all the way back to the $11.00 and hold the bigger long. Hope you find this helpful!

novamatic

Got a lot of good things going on here. We touched the trendline four times: twice in 2016 and twice in 2023. We just came our of this wedge to the upside. We also have a big gap up at $55, and we're running into earnings on 26th of July. A seriously bullish divergence on the RSI, as well.

novamatic

we JUST closed the gap from 2020... three touch points on the trendline established in 2019, touched in 2020, and now again. Very low risk entry point. And there's a gap at $27

novamatic

this an update to my prior post, and shows we are compressing quite hard. Look for a break, soon.

novamatic Updated 

i think oil is going to break up and out. UCO is a great way to play it. Hopefully this is helpful.