WavesInvesting

WavesInvesting

With the spectacular fall of NASDAQ:CRWD last week I expect to be a decisive week for SentinelOne. Scenario nr 1 Break out of the correction or for Bill O'Neill followers break out of the base. Supporting evidence: 1. Fundamental. Better than expected earnings The biggest competitor is having a terrible day 2. Rising MACD histogram on the weekly 3....

WavesInvesting

1. Price below the Mid Channel in premarket on a weekly timeframe 2.MACD lines crossing down 3. MACD lines making a divergence with the price 4. MACD histogram going below the 0 line 5. Force Index going down Pick and choose If you want the indicator on my chart, send me a message.

WavesInvesting

The chart does seem overextended, but I view it as a return to normality rather than panic selling. In fact, the entire market appears to be a "return to the mean" kind of market. What used to work, the Magnificent 7, has decreased slightly, but all the other 493 stocks are up. It's an overdue correction of an extended market. Notice the change in colour on my...

WavesInvesting

The chart does seem overextended, but I view it as a return to normality rather than panic selling. It's an overdue correction of an extended market. Notice the change in colour on my graph from blue to white a few weeks ago, which warned us about the decrease in bulls' power. Key points to watch for The first line of defence - $114 The second line of...

WavesInvesting

Let's consider the conditions for both scenarios: 1. The Dip and the Continuation of the Trend Scenario - MACD lines do not cross over. The MACD histogram is starting to rise. - The force index is rising again. - The bulls are looking for a bounce from the first line of defense, around the low of the day at $124.40. This is exactly what is happening so...

WavesInvesting

Nifty Divergences On a weekly timeframe, Nifty 50 Index is making obvious divergences Price is making a new high while MACD histogram is in a downward slope Price is making a new high while the Force Index is dropping even below the 0 line today. One positive aspect for the bulls, though, is that it found support exactly where it was needed the most. On the...

WavesInvesting

Very clear picture on NYSE:PFE on a weekly timeframe If it stays above the centre line, the trend is up and I have an initial target of around $35 If takes out the protective stock we have a continuation of the downtrend and this was just a minor upward correction. Risk/Reward ratio 2.90 What's your take on NYSE:PFE from here? Up or Down

WavesInvesting

4. good reasons for NYSE:NOW stock 1. Breaking out from the corrective channel 2. Rising MACD histogram 3. Buying Volume coming in 4. Analysts have set a mean price target forecast of $864.5. This target is 9.49% above the current price. What's your take on NYSE:NOW ? Comment below Legal Disclaimer: The information presented in this analysis is solely for...

WavesInvesting Updated 

5 good reasons for NYSE:V stock 1. Bounce from the value zone 2. Rising MACD histogram 3. Buying Volume coming in 4. Pocket Pivot on the last day 5. Analysts have set a mean price target forecast of 160.17. This target is 20.33% above the current price. What's your take on Visa?Comment below Legal Disclaimer: The information presented in this analysis...

WavesInvesting

5 good reasons for NYSE:GPN 1. Break out from the corrective channel 2. Rising MACD histogram 3. Buying Volume coming in 4. Pocket Pivot on the last day 5. Analysts have set a mean price target forecast of 160.17. This target is 20.33% above the current price. What's your take on Global Payments? Comment below Legal Disclaimer: The information presented...

WavesInvesting

My view of NASDAQ:NVDA support lines. When looking at the support lines in NASDAQ:NVDA , I think of them in three tiers of defence: The first line of defence: If the market holds this line, it's likely just a minor correction in the overall trend. In this case, it's recommended to buy the dip. The second line of defence: If the market holds this line, it...

WavesInvesting

My way of investing in $O. White bars- the price of NYSE:O Orange line- US10Y -10 Year US Government Bonds Yield If you are a dividend investor buy when Yields are falling and ride the dividends up. How do you do it? Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as...

WavesInvesting

A good earning report can pop the price of TSX:RY to the upper channel line. 3 reasons why? 1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction. 2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for...

WavesInvesting

I know it is very brave of me to call a top in NASDAQ:NVDA here with all is going on in AI right now. But I can only analyse what the market is telling me right now. And the market is telling me that a top might be in place. And here are 5 reasons why : 1. Fibonacci golden ratio on a weekly timeframe we are almost there. We see how the golden ratio it's...

WavesInvesting

Even though briefly NASDAQ:MSFT became the most valuable company in the world based on market cap. From an Elliott point of view we might be on minor wave 5 of intermediate wave (5). After a top a correction always occurs. So be careful out there and look for signals to support this correction. What is your opinion? Up or down from here. Legal Disclaimer:...

WavesInvesting

Possible false breakout in NASDAQ:META .It is not quite in place because the price is not below the top price from summer. But if we get there below the dotted line on my graph we have a false breakout in Meta. 3 reasons why: RSI Divergence MACD Lines Divergence MACD Histogram Divergence. Even though is not a pure divergence yet, we can compare the power...

WavesInvesting

Wave of the day.TSLA 1. Elliott Wave Perspective. We are for now in a correction as you can see from the graph above. I have utilized the Kennedy Channeling Technique. As long as the price stays within the parallel lines, we are experiencing a correction. After a correction is done a motive wave always takes place. From a strict count, we could have a 1-2...

WavesInvesting

Amazing that after 1 year AMEX:SPY closed yesterday at the exact POC-point of control. I expect a correction at this level. 3 Reasons why and 2 reason not to. 1. Close to the lower channel line. 2. I can count 5 waves down even on RSI. 3. We reached point of control level so I expect a bit of a fight from the bulls here. If it smashes this level, expect big...