In the last 3 months, EURUSD is hovering around the key level of 1.18, because getting out of the 10 years down channel and passing a support & resistance level which is valid for 22 years at the same time needs a tremendous motivation! The question is what that motive could be? For sure it is not too far maybe we have the answer in less than a month.
If you think Apple is going to be bullish, please write your reason in the the comments🙏
Closing below 43.70 could cause severe damage to the bullish trend, Elliot wave analysis 🧐 needs to be done! 3 major impulse wave and 2 major correction is obvious in the last year!
Closing above 2.08 makes it easy for further bullish rally.
1.88,2.81 or even 3.49 could be the target for GNUS in short to midterm.
Tesla, the true EV market leader and the Gold standard of EV manufacturing is experiencing correction, it could make it hard for others as well. Check my Tesla analysis :
Let’s be realistic,Tesla is definitely in the c leg of its correction which could push the stock price below the 330! Even if The long term trend remains bullish, after a 1300% gain in less than 15 months, correction is inevitable!
Bank of America is in big big trouble. The Nearest support level is 10% away, the next one is at 20% and the last one almost 30%!!!
After loosing the 2 of its most important support levels, and closing below the 100 days moving average, we are looking at how GOOG is going to finish this week. Closing below the 1400 which is the 200 SMA, makes it very hard for it to get back on the bullish track!
These are the next support levels! It seems we are going to see 10300, so look at SQQQ which could generate almost 20% in next couple of weeks!
We are going to have a correction, the question is how deep it could be? After 83% gain in 114 trading days, correction shouldn’t be surprising. So far, we experience a 10% correction which could be half of the way! In the best case scenario we will experience sideways till November!
Microsoft is at the support zone and if it is closed below 200, things could get worse! Currently, it is trying to hold the 100 days SMA!
After penetrating the trend line and closing below the 50 days SMA, the most important support levels are 246 & 223.
Old school double top, penetration of EMA 50 and the support level makes it easy for Netflix to Sink at least another 10% to its 200 SMA.
Apple is penetrating its previous lows and the EMA 50 at the very same day! Closing below 110, makes it sinking to 100-95 to fill its gap. Watch it for today’s close!
In the last 6 months, anytime GE reached to this level, experienced a bounce back of 40,50, and 18% !