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NNE - Fifth and Final Wave ApproachingWe've had some great trades on NNE, but in terms of bullishness, this will likely be the last long setup I take on it for a minute. It's a highly speculative company with a lot of private equity that got an entry at $28 a share, eventually a form 4 for those shares will be filed with the SEC and they'll be introduced for selling. Key point of Invalidation is $39.87 otherwise, this local lower low will likely be the last we see price under 50 before we hit $65+
NASDAQ:NNELong
by ThePennyMan
1
ZIM - Shipping's Time to ShinePurely based of EWT count, the title is just for namesake. This stock sure loves it's long-drawn out ZIG-ZAG correctionals. Basically, this is the last chart I have for this stock, if it is going to recoup and go bullish it's going to do so here. I wouldn't rule out a potential false wick down to $12.00 before proceeding up, but that would be extremely unlikely. This stock is definitely a value kind that tends to do better when the overall S&P is either chopping sideways and correcting, not a bad one to hold in your portfolio if you're worried of near-term downside. Wave-Count Confidence: Average
NYSE:ZIMLong
by ThePennyMan
1
PINS - Easy Read 35%+ Now, in the interest of transparency I am going to say that I plan on buying NYSE:PINS tomorrow on market open. I won't go heavy, but at least enough to where a 30-40% swing in price would make me feel comfy, if we see the proposed 'dip then rip' I will be adding heavily. Solid read overall, price structure is very easy to read here, which also worries me because when it's so clear like it is right now I've found myself getting taken for a ride. Don't have the overall count here, so I'm going to rate it average. Wave-Count Confidence: Average P.S. There is currently some VERY strange option activity going on in with this stock right now, on 10/13/25 some madman put 3.6 million in $35 calls that expire on 11/21. VERY unusual for this stock, likely someone knows something.
NYSE:PINSLong
by ThePennyMan
QS Update - ExtensionOverall count is still ongoing, made some minor corrections on what part of the impulse was in the midst of an extension. Price here is passing the HIGHEST VWAP resistance, this is INCREDIBLY significant, as once broken it shows that there's no VWAP resistance afterwards. In many scenarios price flies. I've got a few price targets here, I've been holding for a bit (you can see the link to my previous QS prediction) it seems price is in the midst a micro-third wave extension inside of another third wave extension. Extensions with extensions are not uncommon in elliot wave theory, especially when it comes to the third wave. No serious resistance till the $21 price level, will re-evaluate after we see this range. Seriously large upside is still in play here. Wave-Count Confidence: Average
NYSE:QSLong
by ThePennyMan
BLSH - Deep Dish Discount What a couple of days for crypto. Yesterday especially, this is a big reason I prefer stock markets and regulated liquidity. These guard rails exist for a reason, be careful out there and check on your friends. BLSH appears set to do a dip down here giving a fakeout of a breached wave 1 (wave 1 correctional was an expanded flat so wave 5 did ended where the white like is, not the yellow line. These are some of my favorite bottoms to find because it fools other Elliot Wave technicians who don't drill down into the smaller time frames. Of course if the $54.00 level is breached solidly, well then it may be time to pack it up and go home. I still have high plans for this stock though, expecting a full recoup to $120+ Wave-Count Confidence: STRONG/Above Average
NYSE:BLSHLong
by ThePennyMan
Nuclear - Steep Correction in the CardsI've been tracking NLR as a way to keep tabs on the nuclear industry as a whole, and for finding ideal entries/exits on various nuclear stocks I keep on my watchlist. While the exact topping point wasn't predictable, the evidence of us being near a local top was clear. With trump's announcement of new tarriff's it appears this may stall the steep incline nuclear as a whole has been making. I'll be eyeing stocks for good entries on this pullback, as it looks primed to continue upwards after this pullback. No trade here simply putting this for context.
AMEX:NLR
by ThePennyMan
NVTS - Melt Up $10+ (Squeeze Loading)NVTS was originally a SPAC and that preset price was $10 a share, this tends to have at the very least a short term impact on price, often treating it as a resistance/support zone. NVTS has a short interest of 26% Every analyst out there is saying even if the NVIDIA deal comes to fruition, the true value of this stock is near $8/Share. I'm here to tell you, that means absolutely nothing. OKLO just broke ground on their first nuclear reactor and their valuation is SKY HIGH. Big things are being potentially priced into NVTS, more semi-conductor deals with other big tech names, and with a short interest as high as 26%, price can move rapidly to the upside, we've recently passed the highest most significant VWAP, created from the price high at $15. Simply put, after we solidly cross $10, expect $15 shortly. I was scared out of this trade earlier, which is why I'm linking this 3-day chart. It shows the picture much more clearly, when in doubt, zoom out. Highly confident this will play out. Not placing a wave-count rating as this is more of a structure/volume analysis play, wave-count is just to help us track on what stage we're at in the trend. Hint: Wave 3 is next, and wave 3 is typically the most powerful. Wave 3 extension price shows topout around $16-$17 a share. Thanks for reading, feel free to give a follow and share your thoughts!
NASDAQ:NVTSLong
by ThePennyMan
2
PUMP - Expanded Flat - Near Invalidation LevelLooks like NYSE:PUMP has also finished an oddly structured 5-wave down for an expanded flat finish, coincidentally the 1.618 extension falls JUST above the line of invalidation for wave 1, makes for compelling evidence this could serve as a likely local low. Wave-Count Confidence: Strong/Above Average Will add on a note here that has the overall contextual count for PUMP, but all time highs are in the cards and this would be a remarkable entry, especially for you high leveraged son's of guns.
Long
by ThePennyMan
ZEC - Simple Flat Finished, $180+ NextZEC has likely bottomed out here, lower local time frames (1 hour) show an easily identifiable simple flat pattern that's likely just finished out. I cannot long this at the moment as I do not have my trading computer w me, but this is an easy send, may even break $200 from here. Because this is just a local count and is lacking the broader longer-term count, I can only give this Wave-Count Confidence: Average Likely you can set a SL at the low we just made with sizeable leverage (not a good idea tho) @ $142 Lower time-frame wave-count for context:
Long
by ThePennyMan
ASTER - Abnormal Correctional - Special CircumstancesWhen Elliot Wave Theory was first conceived, and even added upon in more modern versions, they didn't envision a 24 hour market. In fact, they have special exceptions specifically for markets where leverage is rampant and different time zones lead to differences in liquidity (Forex for example). Though ASTER is highly liquid, it also ahs been welcomed with open arms to many leverage markets, this wave-count is also being on on the Perpetuals chart vs the spot chart, personal choice. I feel the exact count may be off (May be a complex WXY + more) but the end result is the same, we've bottomed/near bottomed and will slowly consolidate higher. Wave-Count Confidence: Weak/Below Average
Long
by ThePennyMan
1
OPEN - Next Move Obvious I published an idea earlier on OPEN, and barely caught the local bottom on it, I was worried about price stalling at the $9 price point (it did in after market hours) so I stayed back til the picture became a bit clearer. Well gents, the picture just got a whole lot clearer. 2 Alternate short-term wavecounts, one (which I prefer more) is that this is a new impulse set, the other is that this is a corrective B wave to be followed by a new leg down. Either way, both counts point to a short term upside, these are genuinely some of my favorite setups to play. Wave-Count Confidence: High/Strong
NASDAQ:OPENLong
by ThePennyMan
1
BLSH - Lil Dip Big Rip? (Wave 4)Overall Count looks to put us at consolidating for a wave 4 before a final 5 movement, now given this was an IPO stock, the long-term wave-count is not very clear so I can't even give this an average wave-count rating. Will have to see really how it does here, because if price falls through the floor down to sub $60 level we're in trouble likely for a whole new set of lows. Otherwise, there's a chance for price to recoup above $100+ Wave-Count Confidence: Below Average
NYSE:BLSHLong
by ThePennyMan
BULL - VERY Bullish SetupBULL seems to have finished a very elongated correctional ABC to it's first impulse which of course came to a stop at the ATH anchored VWAP point, this is very typical to see in stocks preparing for a breakout. The structure is incredibly clear here, even on the micro-count (I didn't include that here for simplicity's sake) sadly, I've moved too many funds around and need to wait a day to have settled funds, so I can buy into this. The short-term is unknown (next day or 2) but guarantee you be end of this week or beginning of next one, this stock will be TAKING OFF! Wave-Count Confidence: STRONG
NASDAQ:BULLLong
by ThePennyMan
2
QS - A New Initial ImpulseQS has come out of a multi-year bear trend with very significant volume and fundamental changes to back this massive trend change. With the announcement of their speculative new battery tech, and the display from dugati motors displaying their technology in practical work, it's started a run on this historically heavily shorted stock. Currently short interest is roughly 10.26% of the float. Wave-Count confidence: Medium/Average I am worried at the retest of this key VWAP we may see some short term unexpected downside, and there are some worries I have with some of the short-term price structure to this move. That's why I'm keeping the rating at a medium. If this count is correct, QS should see a move higher than $15+ by a steep margin.
NYSE:QSLong
by ThePennyMan
8
BTDR - Breakout is Inevitable Now, this is originally a SPAC corporation, as such historical price movement is abnormal and choppy, so I do not have the long-term wavecount. However this is what I do know: Structure on the initial impulse is CLEAN. Condensing VWAP zone (origin of those points is ATH and SPAC merger date) It looks like price is getting ready to form a third-wave extension to take us to $20 (oh look an analyst firm said $20 a share whaaaat) However, with no long-term wave-count I can only give this Wave-Count Confidence: Medium/Average
NASDAQ:BTDRLong
by ThePennyMan
NVTS - New CEO, New ImpulseBeleive me I looked at this for a minute. Had to confer with my trusted closed confidant ChatGPT even. Why you ask? Because in a WXY correction - W often equals Y, not all the time, but it's considered a good rule of thumb. However, it's also semi-common to see Y = 0.618 * W - and in that scenario, it just about fits. This last Y wave has really been drawn out and volume is starting to pick back up. Also I have a decent long-term wave-count for this. Due to the irregular WXY wave structure though, this gets Wave-Count confidence: Medium/Average PS. That double VWAP resistance is deadly, and key VPR resistance is currently above us right now. We've already tagged it as resistance but that's to be expected. We currently have a lot of resistance above our head, don't jump in just yet just watch and be ready.
NASDAQ:NVTSLong
by ThePennyMan
3
UNH - Awaiting Dip OpportunityUNH seems to have lagged a little even with S&P at all time high's, I'm a big fan of this stock long-term, but I always like to be able to buy on a pullback. Would love a retest of this trendline ccoinciding with that key VPR zone from earlier consolidation. Those 2 points meet October 8th, interested to see what happens, if we see a pullback as listed I'm hopping in to make some serious pennies. Wave-Count Confidence: Below Average/Weak Unfamiliar long-term structure, and overall odd's are weak for this playing out. But a man can wish.
NYSE:UNH
by ThePennyMan