As shown on the EUR/USD weekly chart, the unfolding Elliot wave count is expected to retrace back up to 1.0780 to complete the Wave 4 of a minor degree, and then continue back downwards to 1.0240 and possibly 1.0096 to complete the 5th Wave
The pair is in a downtrend, with the Elliot wave count indicating the conclusion of the 3rd downtrend and the start of the 4th corrective one, with a target of 1.1679, which is 78.6% of wave 2 and a key resistance area. We expect the 5th wave to unfold and attain a target of 1.1030 after that.
The Crypto exchange is a cash generating machine with FCF/Share of 16.37 and ROE of 45.1%. The chart shows the stock bouncing of support 245.85$, 1st target 281$ then 300$. A close below 245.85$ would invalidate the scenario
The Semi conductor manufacturer has some impressive numbers ROA 16.1%, FCF/ Share 0.92 and plenty of cash. Looking at the chart, the trend is still up and the price just bounced off support at 87.25$. Going long here, 1st target around 97$ then previous highs around 110.40$. A close below 87.25$ will invalidate the scenario
With its down trend line broken, and the crossing above the 200 MA the stock looks ready to go up.
He still has to clear 8.70 on a closing. RSI shows signs of higher lows and not falling below 40% is encouraging to say the least. Targets are 9.55 and 11.30 respectively. A closing below 8.20 will invalidate the scenario.
The support level at 1.3615 was broken, it's been holding on since February 2021. After the break the price went down a bit and pulled back to the break level. is it good selling opportunity? probably yes... don't forget your plan B
The long term view states that the up trend is still intact, moving to a shorter time frame we can see that the down swing line was broken and the price closed at 4.42$ just above the 4.40$ resistance turned support level. On another note, yesterday's candle was a spinning top indicating balance between the bulls and the bears, which puts doubt on our bullish...
With the last 4 quarters being profitable, and the down trend broken in December 2020, the stock is finding some upward momentum. The recent bounce from the support at 46.10$, is a good buying opportunity. Must clear hurdle at 50.60$ then will reach 56$
Remember to manage your capital at risk and stop loss ( I usually place it 10% below entry)
The Last 2 quarters saw a positive earning stream, and the Elliot wave count depicted at the chart, indicates that corrective wave 4 has finished and wave 5 is under way with a target of 158.60$. Carefully for that wave 3 top at 152.74$. As usual stop loss 10% from entry, a don't forget the Capital at Risk, per Trade.
With it's streak of positive earnings that are beating estimates, Ford motors looks really cheap.
The main theme has been it's involvement in the EV business, which has a strong growth prospect. As you can see on the chart a strong uptrend is in motion and the market is taking a breather, which makes a good opportunity to jump in.
Buying at market open, with a...
With a positive stream of earnings beating estimate, the stock looks ready to move up. The closing above 42.50$ level indicates a potential rally for the 48.50$ level then 54.25$.
Buying at market open, stop loss 10% below entry price.
As you can see on the chart the 4th wave is underway. Waiting for the end of Wave B of (4) which will be followed by wave C of (4) with a target 13.60$. The 13.60$ level is a potential buying area. For now we keep a watchful eye on the stock...