Interesting setup developing on AMZN chart. We can see an inverse H&S near completion. In this case, the neckline corresponds with the 200 MA and Q4 earnings date on January 31st. Strong holiday business + black friday sale could possibly lead to a positive surprise and add to the positive momentum, confirming a sustained trend reversal.
Let's see how this plays...
Hyperwaves are a subset of bubbles, there are MASSIVE bubbles.
When I saw this was made public I whined inside because it means then it stops working, but the wall street market cycle thing has been available for a while, and it still works PERFECTLY. PERFECTLY. It is as if the more information is made available, the more people fall for the same mistakes again...
What's up guys,
Have a look at AMZN's PE ratio. It is back above 300. With QT and the unfolding recession, people will be spending less. Therefore, AMZN profitability will decrease. The technicals are bearish, the fundamentals are bearish, I would not be buying this stock. If anything, I would be shorting it.
-YoungShkreli
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I went and compared the 2000 dotcom bubble burst to the 2018 cannabis bubble burst and i think there is a eye opening similarity.
I see Aurora as a big player in the cannbiz but their delution on the shareholder will hurt the stock price even more. In my analysis there is a decline of another 50% to come and if you look at the numbers they forcast for their...
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Amazon has passed an important and healthy minor correction that seems to be done. Next impulse waves can lead us to 2200.
Looks like the stock market is getting ready for a relief rally. We can see inverse H&S patterns with most of the stocks. If this smaller inverse H&S plays out, we could see it becoming the start of the right shoulder of a bigger (ugly shaped) H&S.
Previous analysis:
Flirting with 200 DMA. Just in the Tech basket.
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If you read my DJI analysis, you'll know that I am bearish on the stock market right now, but particularly tech stocks. I've been bearish since AAPL was trading at $230 and as soon as it hit the $1 Trillion market cap. There's just not enough However, the market is still showing signs that buyers haven't given up, and the majority still seems to be bullish, at...
