CBI is in Wave 5 with plenty of room to run. This is one of my favorite Elliott Wave fitting stocks right now. All trends, macro and micro waves are pretty well-defined. You can invest now and sit back, or play the option game here too.
My Cycle wave 3 top appears to have been originally off by 7 trading days. This does not appear to impact the pending drop. The estimated upcoming bottom for COP is around 56.20 on March 5, 2018.
Although, harder to identify at first, Intel Corporation is in the process of Grand Supercycle Wave 3. The stock has most likely met a near-term top or will do so no later than tomorrow, January 23. Our short-term target is 40.50 by the end of February. Our Intermediate target is 30.00 by June of 2019. Once the stock reverses up from this 30 mark, the stock should...
We have "zoomed" in further and are highly confident Cycle wave 1 has ended for CBI. The stock has met 3 Fibonacci retracement and extension points while creating Cycle wave 1. The stock is set to drop over the next few weeks. Our target is south of 17, most likely around 15. Once this bottom is met, the stock should head to 25 in the next 6-7 months. Full...
Chicago Bridge and Iron makes reading Elliott waves easy. Even though the stock has had a rough time of late, it was a natural movement when wave theory is applied. The stock is set to drop 20% over the next month to month and a half. Once the bottom is found, the stock should gain 66% over the next 6-7 months. More is detailed at limitlesslifeskills.
Putting Elliott Wave Theory To Work. I have made the first of six trades today with three planned positions over the next 3 months. After breaking down the KSS chart at a technical level, I have forecasted 3 rough price points (68.42, 61.22, 75.62). PLAN #1 Entered first position at 63.37 on January 12 Plan to exit around 68.42 around January 18 This would be...
In assuming Cycle Wave 3 topped out on January 12, we have laid out estimated points for Waves 4 and 5. Wave 5 will also end Supercycle Wave 3. We have broken it down more on our site.
We have identified the Macro waves and pointed out the most recent minor waves. I believe we just completed Wave 3 of a Cycle Wave, as well as Wave 5 of a Primary Wave.
ConocoPhillips should rise at least 45% by the end of 2019 from Friday's close. Can you beat 45% gain in 20 months? In the short-term the stock should zig-zag to this point. Stock will most likely: drop toward 55.93 rise toward 70.07 drop toward 59.75 rise toward 87.00 to close out its Elliott Wave Grand Supercycle and achieve at least a double top. I will...
Still polishing my Elliott Wave reading, but looks like the ride could be over for Disney. The stock should make it to the 116-120 range before beginning its next wave. I am entering tomorrow with an exit planned in this 116-118 target range. The stock could form a double top or go higher. The only certainty is it will make it to 116 which is at least a 5% gain...
Illinois Tool Works Inc has been trending up for more than two years. As the stock moves up, it naturally cycles up and down maintaining its upward bias. Some technical indicators are displaying major signals that the stock will soon drop. The relative strength index (RSI) is at a rarely observed extreme level; a combination of indicators also point out trouble on...
Microsoft Corporation has been trending upward as are most stocks and sectors since the U.S. elections last year. Although "good" numbers and much hype surround markets, Microsoft has not had great results after their earnings calls for the last four years. The stock is also at the top of its clearly defined trend channel which has always resulted in a decline...
ConocoPhillips has climbed quickly in the previous month. The stock should not remain at such a high level according to technical indicators and historics, Will it head south with strong action around the 46 level? When we look at technical indicators, the relative strength index (RSI) is at 65.6636. RSI tends to determine trends, momentum, overbought and...
Ford Motor Company has climbed quickly in the previous month. Overall auto sales are in rough shape and could be this way for a while. According to the technical indicators and the historics, the stock has a good chance of coming back down to Earth which is laid out here. Ford loves to flirt around the 11 mark. Will it head back to it once more? When we look at...
Chevron has climbed quick in the previous month. This could be due to hurricanes in the United States and/or OPEC manipulation. No matter the world and economic reasoning, the technicals have a response for this overexuberant movement; the stock will begin dropping soon. The history of this stock has been studied and the information is explained below. The...
JP Morgan Chase & Co recently achieved a double top pattern. This pattern is a significant technical signal that normally sends the stock down to a common level of support. The double top and other technical indicators are detailed below. JP Morgan Chase has been in a long term bull trend and will most likely continue after the stock drops. When we look at...
The last time the RSI moved down to 38.52, briefly moved up, but returned to 38.52 was near the end of 2015. The index dropped 9.75% from the close on December 18th of that year to the eventual bottom. A 10% correction occurred by the time the bottom was found from the its most recent high. We are more than aware this bull and rally is due to correct. Is it...
Although the Nasdaq 100 is the only index that did not drop below the lows seen last week, the 50 and 60 day moving averages have crossed each. Last time this cross occurred the index dropped around 3.75% and fell in line with a supporting trend line. a 3.75% drop this time is around the 5595 level, however a trend line is not near. The previous 50 day cross below...