ARKK: couldnt hold support 45 and continued to slide down till next support zone. While daily buy signals are present, a weekly buy signal has not yet emerged. This suggests the possibility of a short-term bounce from this point before a potential further decline in September. The critical levels of support for bulls stands at $38 (0.786 fib) and 35 (stronger)...
Mara: There’s potential for a strong rally in Mara once the pullback concludes. The support range lies between 10 and 12, with a crucial level of support (LIS) situated at $8.
PLTR: It’s possible that wave 1 has concluded and the stock is now in corrective wave 2. I anticipate a period of consolidation before the subsequent upward movement. Strong support @12-15
AMD has broken out of a weekly bull flag. My entry point was between 96 and 100, with a target range of 122 -140 -160
COIN: Support 80 is holding. Under is 72 and LIS $61. Coin also has a high possibility of strong rally once the pullback concludes
I believe Upst (25-35) is in a favorable demand zone for long positions, targeting 70-90.
I’m looking for DJI to resume its uptrend from this point. The last leg should be fast and robust
TSLA: TSLA might currently be in either wave IV or wave 2 of wave III. Yet, considering that wave 3 appears somewhat short, I am inclined towards the second scenario. To confirm the next moves, need to see TSLA's behavior in the latter half of August, whether it will be a strong rally or merely a shadow rebound.
In my previous post, I predicted that a major bottom would occur soon within the 4200-4300 range. August's low came in at 4335, and we experienced a decent rally in the latter half of August. Now, I know everyone's burning question is this: Has the low been reached? Are we heading for a lower low in the next couple of weeks, or are we headed for a new high? In...
The solar sector has been under pressure recently. Among solar stocks, I prefer FSLR because it appears stronger than the others. FSLR is currently in a strong demand zone, making it a good choice for a long position with a favorable risk-reward ratio
Opra has a lot of upside potential here. It has pulled back 50% from the high after a monthly breakout. I like the risk-reward ratio for a long position here, with an entry between 13-14 and a stop loss under 9, targeting 28-33
Roku: holding support around 80. It could be in impulsive wave 2 of wave III (the strongest wave). (LIS) is at $60, a breach of which would invalidate this count. If the support levels remain intact, Roku might experience a robust rally leading up to the end of the year.
Etsy: broke down impulsively invalidated the bullish count. Most likely it will retest bottom around 69-70
Last week, the bears showed strength by breaking the 4400 level. I anticipate that if we remain below the range of 4390-4400, a test of 4300-20 could follow, eventually leading to a short term rally to 4420-50. Looking at the medium term, I believe that the 4300 level presents a favorable opportunity to enter swing long positions. In terms of timing, my expected...