Based on the current count, we are finishing wave B correction soon. If the bounce happens and wave C starts, we should see a big sell off. Break of the uptrend line could be extra confirmation.
Will look for patterns to form at the top. Apple is a big part of Dow Jones, so could signal incoming sell off in the index as well. Dow chart supports this as well.
A pattern emerged at the 200SMA daily chart (see in the comments). A signal is a break of the neckline with high volume. MPO is just below the $190 level.
Elliott wave analysis suggests that once we finish the pattern, we turn back to continue the wave (3) down.
The increase in Dark Pool Quiet Rotation™ as Buy Side Institutions lower inventories of CSCO shares has weighed heavily on the stock price in the past few weeks. This does not bode well for the CSCO earnings report.
After fully retracing the losses from start of the week, Tesla jumped 6.06.% yesterday. Spike happened due to leaked email that suggested record deliveries.
Now approaching the broken trend line again. Indicators overbought. Great risk-reward here for a short. I would consider going long next week if we close above $250 level today.
Majority of investment funds...
Forming a double top at all time high level with good divergence on indicators. Neckline was previously strong resistance, so a break through it should give high probability for a short.
Majority of funds and banks price target this stock below $100 level.
Considering that indices could be topping, this could signal beginning of the downturn in equities.
Market cap of this global luxury fashion company is $4.83B, part of SP500 index. Banks and investment funds target the $54-$63 on this share.
Now testing the support zone and downtrend line, 3rd touch now. Best to wait for a low and put a long trade with small risk and add on the break of the trend line.
BUY signal at 79.92$.
Timeframe - 1 week.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium.
If you want to see more history of this strategy, I able to show you if you request...
SELL signal at 66.32$.
Albemarle Corporation (ALB) is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. It is one of the biggest Lithium mining company in the world.
If you want to see more history of this...
Market cap in S&P500 is 52.22B. Company supplies technology for drilling, production and processing in oil and gas industry.
Major banks and investment funds expect the price to go back above the $50 level. As many oil and gas companies, this stock had a bad year after the sell off in oil at the end of 2018. Now as oil seems to be recovering and uncertainty in...
After running up due to corporation Buybacks, MCD has failed to hold those new highs as heavier than normal Dark Pool Quiet Rotation™ to lower inventory of shares continues. The stock is now stepping down in a short-term topping formation.
Price convergence forming a symmetrical triangle as Tesla fails to get back above red resistance zone.
RSI also converges. All sign that the stock is gearing up for a break of the triangle soon. Higher probability on the sell side. Tesla missed 3rd quarter delivery expectations.
Banks and investment funds target the price of Tesla back below the $200 level.
Take profits for our last GU call out should be taken now for around 350 pips. This is our last possible long our entry unless price wants to continue with the fall off through this zone, we are testing our possibilities fore it is a new month. Note to self, notice the tp zones this week and the following, the new ideas have been playing through well.