A price action above 10700 supports a bullish trend direction. Increase the long exposure for a break above 11200. Upside target is set at 11700. Stop-loss is set at 10300. When a share is said to be in "wave 5" of the Elliott Wave Analysis, it means that it has already completed four waves in the direction of the main trend and is currently in the fifth and final...
A price action above 102900 supports a bullish trend direction. Increase long exposure for a break above 108800. Target price at 117000. Stop-loss at 95200. Negate the long posiiton for a break below 102900. Based on implied volatility, it will take about 180 days to reach the profit target (which I doubt), but let us see if this might be true. Implied volatility...
A price action below 460 supports a bearish trend direction. The stock is testing its 200-day simple moving average. A confirmed cross below this level will change the sentiment to a full-blown bearish sentiment. Increase short exposure for a break below 450. The target price is set at 420. Stop-loss at 490. Negate the bearish stance for a break above 460. The...
A falling wedge pattern and double bottom pattern appear to be developing. Above 188 supports a bullish trend direction. Increase long exposure for a break above 193. Upside target at 198 (see the targets from the patterns). Stop-loss at 185. Negate the bullish stance for a break below this level. The MACD also close giving a bullish crossover.
A price action above 340 supports a bullish trend direction. Increase long exposure for a break above 355. The profit target is set at 400. Stop-loss is set at 325. Negate the bullish stance for a break below this level. The price action remains just above its 200-day simple moving average - supporting a bullish trend direction. Testing its 200-week simple moving average.
The chart is the 4-hourly chart. A price action above 5400 supports a bullish trend direction. Increase long exposure for a break above 5600. Target is set at 5700, which is the middle of the Bollinger Bands. Stop-loss at 5400 and will negate the bullish bias as well. The stock recently started rebounding from oversold territory (see the lower panel). The share is...
Long-term opportunuty that might unfold over the next couple of months. A price action above 30.00 supports a bullish trend direction. Negate the bullish bais for a break below 28.00. Increase exposure for a break above 31.00. The first profit target is at 32.00. The second profit target is at 34.00 (upper range of the linear regression channel pattern). The...
A price action above 1029 supports a bullish trend direction. Negate the bullish bias for a break below 996 (stop-loss). Increase long exposure for a break above 1069. Upside target is at 1165 (upper range of the linear regression channel pattern. When a stock is building a base just above its 200-day simple moving average, it can sugegst a potential bullish trend...
The current price action above 1.2105 suggests a bullish trend direction, with a stop-loss at 1.1975 to negate the bullish bias in case of a break below this level. If there is a break above 1.2275, it may be wise to increase long exposure. The first profit target is set at 1.2455, followed by a second target at 1.2850, which coincides with the 200-week simple...
A price action above 12300 supports a bullish trend direction. Notice how the 200-day and 200-week simple moving averages might have acted as major support. Also the price action is at the lower range of the linear regression channel pattern, supporting a mean reversion trade. Wave analysis also points to some upside price potential (see wave 5). A confluence...
NPH likely to underperform SSW. A bearish trend is applicable below the 200-day simple moving average. Increase pair exposure for a break below 3.9725. The first target price is set at 3.8090. The second target price is set at 3.6905. Fading upside price momentum according to the MACD supports the trade idea (see the lower panel.
A bullish trend is applicable above 1830. Increase long exposure for a break above 1840. First target price is set at 1850. Second target price is set at 1880. Stop-loss set at 1820. Negate the bullish bias for a break below this level. Remains a risky trade. Update from my previous analysis around early March 2023.
A price action above 1070 supports a bullish trend direction. This is also the ideal entry price range for a long position. Increase exposure for a break above 1100. First profit target is set at 1130. Second profit target is set at 1170 (upper range of the linear regression channel pattern). Stop-loss for a break below 1060. The price action might progress upward...
A price action below 104.20 supports a bearish trend direction. The ideal entry range is as close to 104.45 as possible. Increase short exposure for a break below 103.80. The target price is set at 102.40. Stop-loss set at 105.50. Starting to break key support. Remains a risky trade.
A price action above 181.00 supports a bullish trend direction. The ideal entry price is around 181.50. Increase long exposure for a break above 185.50. The first target price is set at 188.50. The second target price is set at 193.50. Stop-loss for a break below 180.50. A fifth and final leg out of the Elliott wave analysis might unfold.
A price action above 11200 supports a bullish trend direction. The ideal price entry is also as close as possible to this level. Increase exposure for a break above 11500. The target price is set at 11800. Stop-loss is set at 11100. Remains a risky trade. The expectation is for the price action to progress to the upper range of the inclining channel pattern.
A bullish trend is applicable above 0.8455. The ideal en8625.try price is as close to 0.8385 as possible. Increase exposure for a break above 0.8525. The target price is set at 0.8625. Stop-loss at 0.8350. The price action might aim for the upper range of the declining channel pattern. Remains a risky trade.
A price action above 754 supports a bullish trend direction. The ideal entry price is as close to 750 as possible. Increase the long exposure for a break above 787.50. The first target price is set at 807.50. The second target price is set at 863.00. Stop-loss 731.00