I have been pretty bullish on $AQMS and the 10.98 price target still stands. It does not risk leaving the picthfork (yet), but today it hit my bottom channel line. The 1 week sentiment looks bearish and I am surprised because it was looking like a full on bull as it jumped to 6.5. If the EMAs return to normal and it finds footing around 6.1 I could see lift off...
8 EMA crossed the 21 multiple times in the past week. If the 50 comes below the 8/21 I think we can expect a full bull play from the pennant forming.
Held .5 On the Fib retracement. Currently on the bounce up but met resistance at Fib .618 value on the dot. Likely to see trendline bounces to $4.11 where we may see progression to the next wave. Bull case could be made to hold 1.618 but I like to take profits with the banks, so I will begin selling around 4.15.
Three major hotels all about to test resistance after a nice cup formation. Would love to see a handle as a possible buy in but I think $MAR earnings could be a catalyst for these stocks to move up or down.
Really like what I am seeing from $AGTC. This stock has already broken its downtrend and looks to be starting long term growth. I thought it might break the pennant Friday, but it took another bounce today coiling even tighter. I think this will breakout nicely and it has even received an upgrade from Roth Cap. Will look to chart possible waves after breakout
I thin it is always hard to appy wave theory to penny stocks, but with AITX's volume it actually provides functional trendlines.
AS title says May last post was a larger scale view of the bull pennant this gives better idea of buy and sell areas
I like $REFR to breakout of its bullish pennant this week. If it does it will serve as the leading diagonal for a wave 1 of 5. I think it currently is situated as C of ABCDE, which will launch it into the picthfork comfortably. Price target is >7.25 in 3-5weeks. If this continues there will be a retraction after the ABCDE which is the start of wave 2/5.
Pitchfork looks good with the first two pulses staying within range. First waves are not Elliott impulses because 4th wave corrects below the top of the 1st wave. Instead it appears to be a leading diagonal for the 1st o 5 waves. Price target o 16 before a retraction to the second wave. Price Target of 25 by Summer if trend stays inside of the pitchform....
Analysis of the chart shows that BYND has two waves already. Wave 2 did not come down to .618 but wave 4 perfectly bounced off of the .618 trendline. Bull flag is clearly formed by the 205 run up that wsa recenty had. Bull flags most commonly form in the 4th Wave consistent with the chart. It appears BYND is breaking out of its flag and starting its 5th wave.
Small elliott wave pattern as CNET breaks out from the bull pennant
CNET looks to be breaking out of its pennant. Still somewhat new to charting, so no projection on where the breakout will end.
$CVI was already looking like a breakout. Hit top of the cup at 18.3 and is regressing right now (handle). If it starts to trend up today expect breakout tonight/tomorrow
Very extended over the course of 6 months but CVI appears to hold the rules for a wave (iv) since it did not drop below the top of the first wave. It is cureently up trending and has a potential to hit $22 in the next 1-2Months.