TESLA - will the price action Salas or fail? Will it need serious recharge that could take a long time for its supporters. There are so many fundamental metrics, that could be unique for TESLA or may be not. However, price action if like all others. It has so far WOW the investors and admirers since it's IPO and more specifically since August 2012. Considering...
Originally prepared on 21st October 2014: German DAX - 2 Weekly The German DAX chart below is 2 weekly. This is to show bigger picture but not miss the finer details that happens with Monthly. We do not have price data on the chart prior to 1991. However, it is fair to conclude that the major bullish cycle that commenced in 1982 on other major world indices...
Originally prepared on 21st October 2014: On weekly time frame for "Big Picture" view and perspective of larger trend ( ) , we note that from 2007 high GBPUSD fell to 2009 low. Since then it has been in mostly sideways range July 2014 low. Many were quick to write GBP off with bearish targets well below 2009 low. For some reason this bearish sentiments has not...
Merck & Co has been in Bearish Cycle since the major top in 2000. Since when it appear to have completed (a) and (b) of the abc zigzag. Coincidently also we have potential double top in the making. If correct then future for the investors in Merck & Co will get even more murkier and painful as potentially we could have impulsive leg c of the abc unfolding. Not...
With the earnings announcement due tomorrow, no doubt many hopefuls will be expecting further price appreciation for Twitter. However, the price action in the chart is appearing to be wittering loud and clear that any upside is likely to be very limited as it could have already entered in the new bearish cycle with intermediate target being the last low in May...
Not much to say about this as the chart speaks for it self. Massive diamond breakout. Could retest 30 price zone or lower in due course. More worrying though is this stock and other like it are early warning for wider market? I will let you come to your own conclusion on that. Check some of my other charts.
EUR has been written off by many. But I am not sure about that. May be it is CAD in real trouble or may be EUR might have trick up it's sleeve, or may be bit of both. But leaving bias aside and preconceived ideas, I smell a massive swing trade to the long side with potential upside target in the range of 1.61 as it continue to carve out what looks to be a large...
After successful IPO of Alibaba and resulting proceeds and forecast busting 3rd Qtr Earnings released after the market close today, will Yahoo have anything to shout about. Or will it be the case that Yahoo's wealth and treasures will flee along with Alibaba & his 40 thieves? Time will tell. However, I think the Chart say it all. Look forward to catching some...
In a Potential Shorting Zone: There are couple of variation of counts and I am posting the one with which I am more confident. I can understand that this chart like many of my other charts will raise eye brows and Apple Inc is very popular with many investors who have done really well over many years will likely find my chart unacceptable. However, as you can...
With its IPO in May 2012 it is difficult to know what price action it might have formed. However, based on the price action since low in September 2012, it is fairly clear that we have ABC retracement rally which is likely to complete soon and in 80-82 price zone which could it self be a larger Wave (B) suggesting that we could have major Wave (C) to commence...
In my previous published chart the anticipated low did not form as the selling pressure gained momentum. However, my overall expectation for EURSD has not changed. There is too much made of Eurozone weakness and USD is not exactly out of woods. Specially if the expectation of rising interest rate do not materialise soon. Consequently, EURUSD could mount a...
When I last posted this chart, it never broke down out of the congestion zone it was in at the time and mounted another swing high. However, it is worth monitoring closely as it is now against many structural resistance and despite seeming strong swing is showing weaker momentum compared with previous major leg. With DXY showing similar corresponding resistance...
In the previous chart published, the downside was only partially without the major follow through expected. See So at the time only scratched trade at worse. It was based on weekly chart so not completely surprise and should have wider margin before completely discounting or calling it failure. So revisiting this chart, overall all reasons given earlier are...
Since November 2013 High, we have been in wave (iv). Wave 4 are often complex. Well the price action has been complex since November high as can be seen by variation of my charts on Bitcons since then including the last one posted just 2 weeks ago. However, overall whilst majority up to recently had been very bullish and were expecting to be in the region of 5000...
We have retraced 8806% of the swing from April low at 336 to high at 682. We have other fib ration and 360 zone which as many of you will know in Gann Analysis is very important number as it represents 360 degree in a circle. Anyway, I am conservatively looking for potential contracting triangle which is more clearer in BitFinex., which if correct then a zigzag...
Over the very long term it seems that EUR has been loosing ground against CAD as can be seen from this monthly chart of the par in that it is forming what appears to be a large falling wedge. That said, we are in development of a large zigzag for Wave 4 and have near completion of the retracement. Note the following: 1. 50% Fib retracement of the move of the...
This chart and my conclusion based on my analysis might be very perplexing to many Fundamental Analysts and to Japan's Prime Minster Abe as net results of his 3 prong attack fails to produce desired results. Many, bullish fund managers will be mystified as was the case in 1992 when the initial decline of all time high was only seen as just a setback and a buying...
Like most of the major equities Indices are in very bullish mode since 2009 low and it seems nothing could go wrong. All the "Fundamentals" point to many profitable years ahead. In fact I have hear a presentation from notable commentator suggesting 2009 will is a generational low ie will not be revisited ever in his life time. I think he is in his fifties. He...