Tradewizard122

Tradewizard122

EVs are getting hammered by the market. WIth some are going almost bankrupt ( NYSE:FSK ), some are hopeless when it comes to electrical vehicles. We have been in a downtrend since 2 and some years ago. Since inflation has been higher consumers have avoided financing cars and this has been one reason why the velocity of sales has been lower, adding also that ...

Tradewizard122 Updated 

Hello friends, here we are analyzing BTCUSD once again. We will be looking at an in depth market analysis. This is not a memecoin analysis or an advice for you to get rich quick. we can only present the facts. Have a look at my previous analysis in January, when everyone was predicting BTC pre-halving to 20k we presented our beliefs and facts when it came to...

Tradewizard122 Updated 

Today, we stand at a critical juncture in the trajectory of BTCUSD, poised to decipher its next move amidst the ebbs and flows of the market. As seasoned analysts, we recognize the inherent rhythm within charts, often echoing patterns of the past. Thus, it begs the question: Have we traversed a similar terrain before with this trading pair? The answer resounds:...

Tradewizard122 Updated 

ETH rejected the higher FIB resistance once again.ETH also broke below the 50MA on the daily. It will possibly bounce at 20 RSI and continue to converge to the mean. The long term bullrun is intact, however just like in 2018 when we experienced a cool down period a similar story is unveiling here. The market moves in cycles and similar to how prices inflate...

Tradewizard122

Hello traders, as we see cannabis stocks are being beaten down however fundamentals have been improving. It has become apparent that a merger is very likely for Tillay and Aphria. While other companies like canopy growth are announcing to be profitable it seems like the industry is turning around. There can be many reasons why this market is so volatile. One...

Tradewizard122

Hello traders, Ive been preaching for Tilry buy since March. Everything is coming together for another explosive rally. Considering the fundamentals, the merger with Aphria is a great catalyzer to shoot the stock higher. I am almost certain that TLRY will announce a positive EBITDA just before this earnings season. Now, how are the technicals? I cannot emphasize...

Tradewizard122

Hello traders, CCL is continuing the rally and we are seeing a hidden continuation divergence in making. I am very optimistic on CCL from a technical and fundamental perspective. The moving averages look very healthy and looks like we are heading for a rally. Cheers!

Tradewizard122

Hello traders, during my trading experience I have seen many securities bottom. When a security is depressed and it forms a bottom formation the formation is very similar to a fractal making a triangle. While making a triangle it tends to be very extreme -frequently breaking highs and getting back to lows- hence creating a fractal with large swings. I have been...

Tradewizard122

Hello traders, Moderna has been gaining traction and is a good buy. Vaccines will bring in streams of revenue and Moderna is creating one of the safest ones. From a technical perspective this is bullish pattern. Moderna could hit $100 this year. Goodluck!

Tradewizard122

Hello traders, we can see that TLRY is testing the lower channel of the ascending triangle. While the recent news on executives being sued and market dropping had led to this recent drop; I believe TLRY will be able to handle these chain of events. With earnings season around the corner and record pot sales. My outlook is bullish.

Tradewizard122 Updated 

Hi traders, As we can see TIlray has been holding support and rallying with other cannabis stocks. From a technical aspect this is bullish on the lower timeframe. We also need to consider fundamentals. Tilrays fundamentals are not looking so great, this company has a budgeting problem, however they have been growing their revenues at a very promising rate. I...

Tradewizard122

Hello traders if you haven't looked at my previous analysis check it out. This further confirms where we are heading. I'm expecting a short lived pump tomorrow on Trumps tax news. Then a brief consolidation. During the consolidation it is a good time to short. Good luck and happy trading. Target 2.618

Tradewizard122

Get ready for a volatile ride. I believe we will be correcting and stocks will remain volatile for a good time. If we break the trend line in red then SPX will be in trouble. Its too soon to speculate about a recession but i believe with the current coronavirus "pendemic" companies will miss earnings and there needs to be a good catalyst to change the direction of...

Tradewizard122

Hello traders, the gold chart is very bullish. a good entry is 1664. bullish regular divergence can be seen from the pullback regaining momentum. Expect to some profit taking around the 1720. Good luck and have a nice ride.

Tradewizard122

Hello traders, it seems to me that in the short term ETH is looking weak. The pattern as we see it looks like a head and shoulders pattern, and we are at the right shoulder. If ETH falls a five wave pattern will be completed (we are at wave 1) . Trade safe.

Tradewizard122

Hello traders, the Dow is rallying and everyone is fueled with euphoria.We all know what goes up must retrace back down :). Let me give you a introduction what these lines mean: The upper band which i have added is derived from a fib confluence zone as an area of resistance, it also happens to be the upper band of the channel. Its significant because we use it...

Tradewizard122

Here is the divergence in red.

Tradewizard122

Hello traders, as you can see in the chart, I set boundaries for the RSI. It seems that Facebook is having a rally, however, i suspect a bearish break downwards. If you analyze the rsi the pattern will become obvious. Good luck and trade safe :)