CRM, good company with positive cash flow growing, leader in the industry. In a daily demand zone and a retracement + an interesting moving average on monthly. Potential buy.
Strong company with financial strength. Not an attractive price for myself, I think people pay currently too much for NVDA. + Potentially forming a divergence + Still over 200dayMA and 50WeeklyMA - Downtrend - Potential ABCDE ? - Still not over neutral OBV RSI - Moving averages crossing down - Below 20ema aka mid kelt
MSFT, strong company with competitive advantage. On top on the shopping list, but for now it still looks bearish. Here are some zones to look at and key notes. - Rejected 200dayMA. - Can't go over neutral on the RSI. - Moving averages curling down, downtrend momentum. - Bearish market sentiment. + 50weeklyMA at 289, historically a good moving average to start...
470 area held, this demand zone look like a nice buy area keep it on your radar. Oversold defensive stock, good for portfolio diversification with the current economic environment.
Good earnings for alibaba can lead to a monster rally for wave 3. Keep on watch the 20day/50day MA cross. Heres the chart ... Note : Yesterday HSI broke out of the flag right at 50dayMA... is it the beginning of the china reversal ?...
We can see that BABA made a 5 Waves down on daily. BABA recently made the 1-2 to setup for the reversal. We can see a big green candle near demand with the volume validating the move. BABA retraced perfectly to the 0.618 for wave 2. It also broke neutral and 20day MA is reclaimed and curling up. However, overall its still making higher lows and we don't know if...
The bouncing ball bounced ! No suprise there. Recently validate neutral RSI, now making an inverse head and shoulder for a potential wave 3. Everything is on the chart, follow levels first :)
Everything is on the chart. We tend to see a bounce when it comes to the 20 monthly MA for CRM. It is currently at 238, its also a demand zone. If we don't bounce this week, watch for that area for a potential long term buy. Chart that goes with the December DD that include CRM !
Good company to have in your portfolio. You want to buy a bouncing ball company, not those that are rocks. V will EVENTUALLY rebound, wait for any confirmation of reversal (candle stick pattern or chart pattern) to load, that drop was on notable volume. 195 is also a notable area, 150weeklyMA. We can also see a bullish divergence on the RSI. According to my DCF,...
Update for AAPL, it's still on track for the longterm count ! If we remember we started this count on the first AAPL post of my profile ! (link related)
PYPL daily - 20 day MA cross below 200day MA - Below every important day MA - Selling pressure on high/ultra high volume (news) - Trend is bearish (green < red) + Usually a bounce near low RSI level + BB extended, might snap back up
PYPL on weekly - Truncated wave 5 - RSI below neutral - Double top + The weekly trend is still bullish (green ema > red ema) + Potential short term bottom Note : Earnings coming + Acquisition news might invalidate everything.
Note : Market sentiment and news in the coming weeks might invalidate this move. Amzn is currently sitting in the middle of its 20% box. + Bullish divergence + Double bottom + Wave 3 coming ?! + Volume support - Below every important day MA - Market sentiment - US10Y going up - Tech support ?
All eyes on SPY for next week ! With the previous close below the 50day MA, but also confirm below RSI neutral level. Will we see a flush or the casual bounce on the 19th ? (20th this time since theres no 19th) A bounce could lead to a bump and run setup to all time high or simply a dead cat bounce to die again end of month. Lets see if we get any news about...
Visa currently on the bottom line of the downtrend (white lines) and wicked on the 50 weekly MA on september 17th. Depending on market sentiment, we may have found V bottom. I keep V on watch for a long term buy with earnings coming end of October. V is currently undervalued based on my personal DCF. Full reversal over 228 !
This is a possible path (speculative) into a good buy zone. I think we finished the 5 waves up in weekly so this daily corrective move (a-b-c-d-e) could possibly be only the leg A of the ABC weekly correction. Either way I see us continue the reversal if we break the 200MA. There is also a strong bullish divergence. Over 25 I see 27 pretty easily. Note : This is...
This is PYPL on weekly, a lot of gpa to fill on the way up ! Currently at 150 MA and RSI neutral support. Look like we are ready to blow the all time high to finish the 5 waves up !