last friday we poked the golden zone perfectly for this sub-wave 2 of this bigger wave 3. we're perfectly on track to our upside targets from the previous post:
Breakout of ascending triangle. If GOOGL can hold above 2500, it can see 2546 next. Trade Idea: 7/9 2550C. BID/ASK: 6.10/6.20
Wish (NASDAQ:WISH) seems to be forming an inverted head-and-shoulders pattern daily, whose neckline is placed around 15.4 and an upside breakout of this neckline will take the stock to 23 in the near future. I have been accumulating this stock over the past days, ignoring the noise and being focused on the fundamentals and potential of the company.
Getting close to a bigger breakout. I would wait for 3524 to go long. Trade Idea: 3600C 7/9
From what I see here we have an RSI support lining up almost perfectly with an inverse head and shoulders. If this thing attempts $15 again it will break out. the distance between the bottom of the head and the neckline is $7.21 we add that to the neckline and we get a $22 price target. I am long. but not more than I am willing to risk a loss on.
Ok, we have no buy signs triggered here, and WISH is just falling. But when will it stop falling? The good news is that it is doing a double bottom in the 30min, and the RSI is a little oversold. We do have a weak bullish divergence too. The 12.10 is the breakpoint for WISH, again. By breaking it, it’ll start to climb again. The 4h chart is interesting. We are...
BlueWave gave red dot sell signal Stochastic RSi was overbought We touched a strong resistance Level
Ok, WISH didn’t trigger the buy sign we talked about yesterday (the supposed Spinning Bottom), and we dropped more. Now we are holding around the 12.10 again, and we have signs of bearish tiredness. The RSI looks oversold, and I see the 12.53 as a nice trigger. This could save WISH for now, but keep in mind that it could drop more. The 4h chart is not oversold...
If you are in $WISH today, here is the playbook many ELLIOTT WAVE traders are using. Some variations had buy zones all the way down to $11.80. The low of the day thus far is $11.95. Now watching to see if this retracement level holds, it could signal a coming bullish wave to $17.50 area.
The pullback continues, but the mission remains the same; the fundamentals remain the same. This is nothing more than an opportunity to load up more shares. Reminder: 7.7B market cap. Last quarter revenue: 772 million... This is a stock you hold when you can get it at these prices. I am expecting the local bottom to form at $11.30ish as there is a nice volume...
**News came out today about Apple buying Roku remote button for Apple TV+ app. Call sweepers were active.. 95% bullish call flow. 2 Dark Pool Prints $100M+ Today was a great example of waiting for the right catalyst aligned with a key level break. 448 was the entry. ROKU can make a run towards 486 by Friday this week if it can hold above. Trade Idea: 475C...
And some think TA doesn’t work! WISH did exactly what we talked about in my last analysis: Corrected to the 13, because it was our next support, and it is also at the 20ma in the 4h chart. Now we do have a good reaction, as we expected, but we must wait for the confirmation. If WISH breaks the 13.67 I see this as another buy sign! We have a spinning bottom...
AMC forming a nice bull flag on the 1D chart that I have been watching for a while. RSI on a 1D chart looking bullish IMO with an upward trend in RSI since January of this year. MACD Divergence and consolidation occurring on a 4HR chart, also giving me confidence of a significant move incoming. ADX & DI contractions are healthy signs especially considering we have...
WISH is clearly offering a golden opportunity to go long. Stock beautifully completed a 5 declining waves and has started a new motive wave. So far it has completed it's wave 1 of new impulse and more than likely has completed wave 1 of 3 as well and currently is making its wave 2 of 3 which may ends at proposed buy zone shown on the chart corresponding to 0.5...