The bull case is still in play as AMD although down considerably from 165 high , is still holding strong support at 100 and currently trading above its 200MA
AMD has been building next level of support at 113 with a recent thrust to 124, which makes sense considering the 200MA is a VERY important level for the bulls and bears alike.
So long as AMD holds 100 ,...
Looks like the 3rd wave DID in fact consist of a 3, 4, 5 on the Elliot wave. I am still holding onto this 200 day MA as support theory, while respecting the fib retracement levels at 46901 and 46232.
This would be the 3rd time we test / breach the 200 day MA in the last month. If we hold these levels again and start our reversal, I expect the whale bears will be...
My BTC Bull Hypothesis.
- BTC breached the 200 day MA briefly, and rallied a proper 5 wave impulse. However, the attention to detail is important as we have 2 clear impulse patterns to count here.
- A closer look will show the fib extension targets of 2.618 on the most recent move up, and the larger wave 1 shown with the Elliot wave drawn.
- The lower 2.618...
$CLOV continues to move within the symmetrical triangle while being encapsulated by a bearish channel. As we approach the end of the symmetrical triangle, I am expecting a breakout to by next week, as early as Monday.
I believe the upcoming earnings on 03/01/2021's post-market to be a major catalyst to which direction the breakout will be.
Bear Case: In the...
Since its all-time-high on 2/2/2020 at $66; which was reached due to a 12% jump from earnings... ZG has fallen 50%
As we have seen in the past few volatile weeks, some stocks have outperformed due to the idea they will benefit from the COVID.
People buying masks, hand sanitizer (CLX)
People are staying home to work (ZM)
People are staying...