BITA has fallen 84% from its 2014 highs of $98.28 to its 2016 of $16.09 low.
Stock has shown signs of recovery from its 2016 lows.
Impulsive upward momentum could imply further pending upside.
Key support at $25.75
Critical support: $16.56
Upside Target: $45-$55
Break of critical support will void this analysis.
IONS: Underwent a brutal sell off from its highs in Mar 2015 at $77.80 to a low of $19.59 in May 2016.
A stock which underwent sell off of 75% warrants a look by bargain hunters.
IONS partnership with BIIB just obtained EU approval for a $125K/treatment for spinal disease.
This will inevidentably be just the antidote that IONS needs to return to its new highs and...
ALK has broken out of its Minuette Wave (iv) in good momentum after finding supporting at its 50% fib retracement.
Look for a minute upside target of $101.43 with SL at low of Minuette Wave (iv) at $82.03.
Break of this low will invalidate this analysis.
BOX has completed a 5 wave leading diagonal and is currently consolidating its gains.
The completion of a 3 waves consolidation will bring it to high 20s onward.
At present, Minuette Wave b appears to be completed.
It could still extend further to create a more complicated wave pattern.
Once completed, it will bring prices down below Minuette Wave a to complete...
Disappointing earnings guidance from CUDA 1.83% during its last earnings reports resulting in a 16% downside gap.
It has resulted in an extended consolidation in the form of W-X-Y.
Prices are in the midst of completing Wave Y.
A break of critical support at 9.44 (Dotted Red Line) will invalidate this analysis.
JAZZ has completed a textbook A-B-C correction bottoming out at 95.80 in Nov 2016.
Sharp reversal at 50% fib retracement is good sign.
2W RSI and MACD divergence is a significant supporting evidence of the upturn.
Look for an initial target of its previous high of 194.
Critical support at Minuette Wave C at 95.80.
Break of this low will invalidate the trade.
ABBV has been consolidating in the triangle range since its high in Jul 2015.
RSI has found support at bull market support at 50-60 zone and is turning up.
A successful and strong break of (b)-(d) trendline and preferably high of Wave (b) will imply the completion of the consolidation and start of a new uptrend to new highs.
A break of Wave (a) low will...
Triangle Minor Wave B is completed and prices will break B-D trendline to recent new lows and beyond.
An extended correction for Minute Wave e, which could bring BP -0.77% further up to complete Minor Wave B.
Both wave counts will bring BP -0.77% down to new lows.
Detailed D2 Chart:
With Oil likely to be topping soon, O&G exploration is one industry to look out for potential trades.
CLR: Since its low in 2016, CLR has completed a 3 wave set back and topping around the 60 zone.
Prices are likely to be in the early stages of the reversal and in a 1-2, 1-2 wave sequence.
Fibonacci: Prices has reversed around the 61.8% retracement
CUDA appears to be forming a triangle to complete Wave iv.
Wave D might have been completed. if not, it will not take very long to do so.
Once Wave E is completed, look to go long on a strong break of B-D trendline with a SL under Wave E.
A break down below Wave C implies a more complex pattern which invalidates this triangle setup.
SIMO has retraced a significant amount of its Wave (iii) upside from its all time high $56.21 in Jul 2016.
Fibonacci: It appears to have bottomed up and rebounded from its 61.8% retracement.
Indicators: Momentum divergence of RSI and MACD is supportive of the analysis.
Look for a conclusive break above the Ending Diagonal for a high confidence trade.
US Oil appears to be forming the final (C) wave of an (A)-(B)-(C) Ending Diagonal.
In majority of the time, we can expect a sharp downside break once the Ending Diagonal is completed.
Look for a sharp reversal at the final intermediate top of wave v and then a break below Wave iv to confirm the trend reversal of US OIL at least to its 2016 low at 26.08.
BOX is a rather new listing which is less than 2 years old.
A upcoming Cloud service provider which primarily serves corporate clients to manage their content and collaborate internally/externally on the cloud.
Though it is down 27% from its list price, recent price action is however showing signs of strength.
From an Elliotician perspective, it is displaying...
GOLD has been on a tear for the past month rallying from its recent low on 15/12/16.
Most gold miners have also benefited and been rallying almost from the same period.
BTG has rallied almost 40% from its 15/12 low at 2.02.
From Elliot standpoint, there are 2 possible interpretations.
Further price evidence is required for confirmation of either of the...
CELG broke out of its multi-month triangle consolidation on 08 Nov 2016 triggered by the election results.
The election of Trump was deemed to be a boost to Biotech as compared to a Clinton administration.
However, Trump came back firing at biotech stocks resulting in knee jerk reactions.
CELG has since been in consolidation mode.
In my view, the consolidation...
The pair has been in volatile price range since breaking sharply downwards from the long term triangle at its Nov 9 high apex.
It has since traced out a series of wide range movements both up and down.
At present, the chart pattern appears to be tracing out the final wave c (circle) of an uncompleted expanded flat.
The pattern is not ideally text book shaped but...