Rounding bottom in 1 Hour chart indicated candles can reach 327. We can expect this move in the next 1-3 months, provided that 250 level is sustained by the Candle. Disclaimer : THIS IS FOR EDUCATIONAL PURPOSES ONLY
Google is currently experiencing a significant drop, just as expected, with a decline of more than 3%. We should soon be at a point to conclude Wave A of this correction, then move upwards into Wave B, and finally downwards into Wave C. The exact development remains uncertain. Google moves very similarly to Apple, yet they are not in an identical cycle. We don't...
Tesla (TSLA) held Support 1 (160.50) last Friday, in fact it touched it and rebounded immediately making a technical Double Bottom formation. Yesterday it broke and closed above the 4H MA50 (blue trend-line) for the first time since March 04, providing s serious bullish continuation signal. The most important development however, is that this Double Bottom has...
These lines will act as an important support and resistances for the candles
DCM Shriram Ltd. is a diversified company with business in agri, chemicals, plastics, cement, textiles and energy services. They are having two broad operational thrusts namely, the energy intensive businesses that include chloro-vinyl chain and cement and the agri-businesses that cover urea, sugar, hybrid seeds and agri-merchandised inputs. The business portfolio...
Oracle is another stock we're adding to our analysis. Firstly we're particularly looking at the monthly chart to grasp the big picture. We believe that since the start of the entire cycle around the $3 mark at the turn of the millennium, there has been a rise to a maximum level of $127.5, marking the end of our Wave I or the 5-wave cycle. Now, we anticipate being...
Moet Hennessy Louis Vuitton (LVMH) recently broke below its 1D MA50 (blue trend-line) and this is the most optimal buy opportunity for the long-term as following the 1D Golden Cross, a Channel Up is emerging. This appears to be so far similar to the Channel Up of October 2022 - April 2023, which led the stock to its All Time High (ATH) at the time. Both sequences...
Novo Nordisk (NVO) hit the 1D MA50 (blue trend-line) again for the first time since December 18 2023 and after a long time it gives buy signals again. The correction came after the March 07 rejected at the top of the (dotted) Channel Up, following overbought 1D RSI levels before that for 2 weeks. That is a pattern consistent with all previous Higher High...
Coinbase shares are up 35% since the SEC sued the crypto exchange for allegedly selling unregistered securities But Coinbase stock has bounced back, rising some 35% after dropping to a low of about $50 on the day that the SEC sued the U.S.’s largest crypto exchange. As of Wednesday morning, shares were trading near $70, and the publicly traded company’s market...
Energy stocks score biggest rise in a month as OPEC+ cuts begin Energy stocks closed an otherwise mediocre week in strong fashion, as oil traders who have grappled with concerns over the global demand outlook may finally see signs of tightening in the oil market. Saudi Arabia and Russia started the week announcing fresh production cuts that will bring total...
Apple's innovation shown in iPhone 14 is not likely enough to entice consumers to stretch their budgets in the current macroeconomic environment 40% of Warren Buffett portfolio still belongs to Apple?! for most people and traders I think its a slow asset class and like Tim Apple! sorry Cook ,Warren like to play safe too Apple price showed a good reaction to 135...
There are signs the price is bottoming out and appears to be forming a double bottom formation. Expecting the price to reverse from this demand zone and test previous zones of interest at $178. If the trend continues, we can expect the price to test the next zone at $188.
Looks to me like a healthy correction, now bounced of support of the 200 ma line and also previous top and is again above the main support. Nice R/R ration of 2.22
Taiwan Semiconductor Manufacturing Company (TSM) broke last month above the long-term Channel Up and immediately pull-back. So far it has been almost 1 month of sideways trading supported by the 1D MA50 (blue trend-line), which has been holding since November 02 2023. The 1D RSI is on a Channel Down, i.e. a Bearish Divergence and every time it formed this within...
Trident Uptrend - Go for Buy Trade reason : 1)Take Monthly support 2) Weekly Correction Completed 3) Day trend Reversed Entry - 40.35 Target -60.90 Stoploss - 35 Expected Good Return . Thanks You ..
Johnson & Johnson (JNJ) got rejected on its 1D MA200 (orange trend-line) - 1D MA50 (blue trend-line) Resistance Zone. It has been practically trading sideways since the start of the year and based on the Sine Waves, that priced the new Top (Lower Highs trend-line) of the 2-year Channel Down pattern. The expected completion of a Bearish Cross this week on the 1W...
For another interesting Chinese stock, we're looking at the mobile phone manufacturer Xiaomi, trading on the Hong Kong Exchange. Hence, we're dealing with the Hong Kong Dollar, not the US Dollar. Overarchingly, we are also in a Wave III here. Wave II concluded its correction with a double bottom at HK$8.28. This chart adheres well to the Elliott Wave structure,...
NYSE:SLB , formerly known as Schlumberger, has announced plans to acquire ChampionX ( NASDAQ:CHX ), a leading provider of chemistry solutions and drilling technology. The acquisition, coupled with a substantial $7 billion shareholder return plan, signals SLB's commitment to driving growth and delivering value to its investors in the years to come. The all-stock...