EDITAS could be in the bottoming process, I am watching it for a few years now.
We have a falling broadening wedge, on which we had a breakout already. This is part of a bigger falling wedge (blue).
It is techincally possible, we had put in the lows at 6.35 as a wave 5 (as an ending diagonal), which is part of wave V as a last wave, of the biggest Wave (II)....
As expected after the rejection of the 200 day MA , a nice head-and shoulder formed, which has almost played out really by book. Notice the descending wedge, where the bottom should provide support (gap down possible, so the HAS could reach its target). Waiting for confirmation to close above 9day EMA, and then expecting an upward trend to fill the gap. Could hit...
First, this stock is a total disaster for every retail holder, including myself. Secondly, this stock is unpredictable since as it seems to my eyes VCs control the game and can do whatever they want... burn it to 0, sell it for $5,$10,$20 etc... or raise capital and dilute. Here are some points to consider though:
1. Descending Broadening Wedge Pattern target...
It could be that GNW recovers quickly after the drop. If so, a new high should be expected. The company beats the EPS since 2021, every quarter. It could signal a decent business turnaround.
US30 current hourly trend bearish with a drop from Monday to Tuesday lows at 1000pips
Wednesday prediction may form a lower low during USA session at around 19:00 South African time and a close of USA session above previous day close hinting at an emminent reversal
If wednesday does not reverse then Turnaround Thursday is very likely and can be bought within the...
Wix.Com
Short Term - We look to Buy at 65.69 (stop at 58.33)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 60.00. A weaker opening is expected to challenge bullish resolve. Support is located at 65.00 and should stem dips to this area. Preferred trade is to buy on...
Abbott Labratories
Short Term - We look to Buy at 105.03 (stop at 102.52)
Buying pressure has confirmed an initial rejection from the approach towards the key psychological level of 101.21. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected...
MRNA has rallied 66% from its bottom set in mid june.
Technical indicators suggest a strong turnaround.
The P/E ratio and Forward P/E ratio remain in the low single digits.
I boosted my position when the price crossed above the 50 day EMA.
I will take advantage of any pull-back below the 200 day EMA close or low.
Overall, this is still a nice entry point if...
Uber Technologies
Short Term - We look to Buy at 25.07 (stop at 21.38)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported better than expected earnings which is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential...
Advanced Micro Devices
Short Term - We look to Buy at 76.98 (stop at 72.75)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. The daily chart technicals suggests further upside before the downtrend returns. Trend line support is located at 76.00. Dip buying offers good risk/reward.
Our profit targets will be 90.00 and...
Alphabet
Intraday - We look to Buy at 2214 (stop at 2105)
Buying pressure from 2150 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Dip buying offers good risk/reward.
Our...
GBP/CAD: Bullish Engulfing Turn Setup
> Price at major support level
> Heavy Bank buying i.e. Bullish Engulfing
> POC with much room ahead
> Low Volume ahead i.e. immediate upside
> Positive GBP News released
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Ask our Wall Street Trader Meikel Mokry any questions you may have (in the...
Netflix
Short Term - We look to Buy a break of 210.00 (stop at 158.96)
The bullish engulfing candle on the daily chart is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Further upside is expected to close the gap between 248.70 and 333.22.
Our profit targets...
I see here the end of the down trend
The copany is still in profits and future games and Witcher movies
the is a gap if 60% from all time high
and a Pe of 15 for a gaming stock
Lets take a here a good risk value ratio
Take a gamble on draftking's options? I'm considering it, after a good run on the draftkings app the other day. Looking from the chart, I'm liking an entry right at 19.59. I''ll be watching to see if it breaks my support line.
Buy anything that has a good price according to the companies value (look at price targets) and/or your own opinion. Plus your favourite companies and some of the very beaten down ones too, as long as they don't go out of business anyway! But that's obvious.
OK, tech is still overpriced, so the SPY could even correct back (or go sideways for long) while biotech,...
