It was raised continuously in 2020 and earnings of 2020 were approximately +30%. But the stock price growth was almost +100%. Maybe the market forecast is good and banks were increasing their TPs. BUT I think it needs to correct its way to go up more.
AAPL looks very attractive now, because of the pitchfork and that orange broadening ascending wedge. But I think that starting car manufacturing is a pretty cost and time spending project. It maybe brings more correction.
It is the Chinese retail trading company that Alibaba owns 26% of it, its earnings report missed the estimation but I think that vaccine hope and retail market recovery will help this stock grow back to at least HKD8. Please share your opinions.
I am just starting and practicing the Wyckoff scheme. How about this 2318 Ping An's chart, is it going into the distribution part, or is it the re-accumulation part? Help me and tell me guys if there is a mistake or misunderstood.
It looks PA comes to the pretty strong resistance line of a major tunnel that starts almost from 2008. Is it gonna short or correct its way? Or is it already crossed its resistance area?
I think it would correct to at least 90, JPM long position decrease gives me this idea :P
EURUSD was in the huge downtrend tunnel from 2008, and this year looked like that trend is gonna change the direction. But the CHINA-EURO deal has rushed, and the Biden administration is not happy about that. What is gonna happen to the EURUSD?
It looks like time to rest for RIO because 2011 high is enough resistance to correct the chart. Company earnings and copper, iron ore prices aren't reached 2011, and that new covid cases will help for its correction.
It seems now a time to short on SPY ETF of SPDR500, 1M chart. Will it jump up and break that upper line of the tunnel? Or is that big correction is coming to the market?
Why sometimes it looks as clear as a plastic bag but feels as hard as a solid rock?