PNC (US) looks completed its 4th wave triangle after bigger fall with time correction. It also looks like its triangle over & now ready to move down to new low. Sell with stops above 104.20 for target below 80. It is under-performer to SPX index. It's already made a 1st & 2nd wave of 5th wave down. Good sell trade with small stops verses bigger target area.
Hold longs till the end of the next week. The second buy opportunity dates to the next WD
Exelixis Inc (#EXEL - US) is in uptrend and out-performing to SPX in last uptrend. Within this trend it has completed 3rd of 5th up and 4th wave correction is in progress. Watch closely and buy if comes at reasonable price.
Yesterday i posted this trade as it has very small stops verses good target area & worked out as expected. This is updated idea as now stops should be below 10320 level (almost entry level of this trade yesterday) and stay in the trade till the triangle breakout target zone. DAX Future (FDAX) looks buy in 60 min as it formed triangle as well as 4th wave of...
Hold shorts till a middle of May
Nifty (IND50FUT) looks in WXY pattern from major daily high. It starts under-performing this week and within triangle. It may possible it breaks upside and fade it immediately to go down for major Y down. Let’s wait for further confirmation by market itself. It's currently under-performer.
Start buying from today and, if SL is executed, re-enter from MO 04th of May
Crown Holdings (CCK-US) looks like completed B wave corrective followed by A-5 wave decline. Sell below break down level 59.25 for C down with stops above 60.55.
Corning Inc (#GLW- US) seems within 4th wave triangle. Sell when it seems triangle broken down for 5th wave down cycle. Watch closely after earning on 28th, so no trade till earning. (give respect to data like earning).
Best Buy is in Cycle Wave 4. The bottom of this wave should occur between July 25, 2018 and August 20, 2019. The bottom should occur between 52.12 and 63.5. These dates and numbers are based on comparative trend analysis and derivative analytics.