Kappy

Kappy Updated 

Following a long-term 3 wave correction Coterra appears to be etching out a wave 3 impulse. From the August 2021 low CTRA sports an impulsive move that counts nicely as waves 1, 2, 3, and triangle 4 near possible completion. Taking a long position with common shares at current prices with a stop at 25.30 creates a near 7:1 reward to risk. If the stock trades...

Kappy Updated 

Wave 3 would be next. News and sentiment has been negative appropriate for a wave 2 bottom. High level substructures counted here easily count as complete 5 and 3-wave patterns. This should be viewed with a long-term time horizon, 1 to 2+ years. On log scale the 38.2 fib has not been met. However, the retracement from the all time high to the latest low...

Kappy

14 straight quarters of dollar-based net retention rate above 130%! finance.yahoo.com This a long-term trade with a price target of $223 for wave ((3)). The sideways consolidation appears to complete in an ABC flat pattern.

Kappy

At a minimum I'm expecting a short-term bounce off the .618 fib. (As I write this it looks like this is happening.) Based on the wave structure, I see the strong possibility for this to be a potential wave 2 bottom zone. Shares have not traded for a long period of time on the open market and there is less data and wave structure to work with. Assuming the...

Kappy Updated 

Screening through many stocks this morning this was the chart the stuck out to me. A clear triangle. I will be quite surprised if it doesn't play out because of how textbook it looks. Price appears to have broken the triangle upper boundary. A close above this boundary will support continued strength to the upside. Based on the size of the triangle the simple...

Kappy Updated 

Down +30% on no company specific news today. "While there is no stock-specific news for Quidel today, the company's stock might be hurt by news that Abbott Laboratories (ABT) has received an Emergency Use Authorization from the U.S. Food and Drug Administration for a COVID-19 portable antigen test that will deliver results within 15 minutes. The test, BinaxNOW...

Kappy

Assuming the bullish thesis laid out in my previously published posts (linked below), this is my current long-term count for Altria. With wave I of cycle degree being the longest, wave V must be shorter than wave III. This only limits MO to ~$103.44 for a move measured in price. On a percentage basis there's plenty of room to run as long as it's less than 1603%!...

Kappy

The final chart in this thread. Altria's rolling P/E, P/S, P/CF, and P/B ratios with data starting in 2005.

Kappy

These are the fundamental metrics I'm looking at that support my bullish/bottoming thesis in Altria. Technical chart is linked below.

Kappy

Would you buy purely on the technicals not knowing what stock this is? It's tempting! Looking at a long-term monthly chart over a 30+ year time frame you can see each time RSI reached the 32.6 level this stock has bottomed. The large time frame over which this has been observed strengthens my confidence that this could be yet another bottoming for this...

Kappy Updated 

Degrees are updated as mentioned in the video. I've added some addition detail: invalidation prices and fib for wave (iv). With more time on the chart vs doing it on the fly testing out video making I do think what I have labeled as the alt move has a 50/50 chance at the moment. In both cases, I personally prefer to already be long and not miss out on the upside...

09:15

Kappy

***Missed mentioning in the video - $276 is the key level to watch. Entering this area of resistance will validated a truncated fifth wave. OTHERWISE, expect another low to complete wave (v).*** The wave (4) count became more complex. The triangle formation appears to be a ((b)) wave triangle of a larger abc pattern acting as the X wave of the larger fourth wave...

Kappy

Using (Bitfinex + Bittrex) / 2 for this chart. The triangle looks small proportionally so keep in mind this could be a B-wave triangle of a larger correction. However, the overarching wave structure still implies big impulses to the upside are coming for Bitcoin SV. The same pattern is playing on the BSV/BTC chart. As some food for thought, the timing looks like...

Kappy Updated 

This week BSV surpassed BTC for Daily Average Bitcoin Transactions Per Block by Network a key indicator of usage/utility. coin.dance Transaction fees are the lowest on BSV. Mining profitability is the highest on BSV. BSV has the highest Daily Average Bitcoin Block Size By Network and largest block size capability at 2GB. BSV is proving itself to have the most...

Kappy

Watching for ROKU to fall into the $93-$83 range. Here I will look at the lower time frames for a complete 5 wave structure within wave v. Even considering a larger correction to play out, like and ABC flat or triangle, the next move is up. The .618 fib is the perfect spot to find support with the current wave structure. I will decide at the time how to play...

Kappy Updated 

The most optimistic count has limited room until invalidation - the wave ((2)) low must hold. Two alternate counts suggest a triangle is unfolding. Again the wave ((2)) low must hold. The final count assumes a truncated wave C of (B). There is more room for downside but once lows are met, wave ((3)) will follow similar to the primary count. Playing this trade...

Kappy Updated 

BSV is showing strength in an otherwise down day in the market. snag.gy The correction could get more complex but the potential move upward based on wave count suggests it needs to be a vertical wave 3. If not, that's likely the invalidation of this bullish count. Don't want to miss this upward move. Stops can be placed at the wave 2 low for a low risk trade.

Kappy

Considering how deep the current correction is, it is most appropriate to consider the rise to $265 wave (1). If this is the case, upside potential is even greater! In the meantime, Elliott Waves will look best with one more dip after this brief pop in wave ((iv)) of C.