Text-book symmetrical triangle wave pattern. Should break out upwards into a nice bull market. 3077 target.
Looking at the long run trend puts things into perspective. This market still as room to run before another potential mini bear market like we experienced in 2015-2016. No comparison to the 2000 tech bubble, not even close. Most tech companies these days have amazing financials backed up by extremely strong sustained growth, an equivalent bubble to 2000 would be...
There seems to be a strong support zone created by a previous consolidation in October- November 2017 that is on a nice up trending slope. We also have created a fractal which first occurred on November 12th when bitcoin took off and when it hit lows on February 6th. We have created a smaller version of that pattern from February 6th to today. Further supporting...
Many bullish indicators in the market right now. -Bullish Shark pattern -Hidden bullish divergence on the MACD -MACD cross over -histogram is ticking positive and higher -strong break out of falling bullish wedge -After breakout higher lows and higher highs -Green candles through 61.8 fib and reaching 78.6 on first bounce -nice break through the 50 day moving...
Hidden Bullish Divergence and a bullish wedge onto short term support trend.
Showing nice support in the goldilocks zone within the current trend from 2009. We are supporting on the blue trend line which looks fairly bullish since we had just broken 2 trends levels on the high side. If there is more downside we have two more support levels at 2550 and 2500, 2500 being the much strong one from our 40 year trend. In the long run it still...
Looks pretty strong in the grand scheme of things, support in the top channel
Bitcoin has not reached the top of its cycle based on the long term trend. Price moves are created by triangles, looks like we are in one which is supported by the long term trend. This triangle looks to be about 5 months long, a similar time frame to the other big pre jump in 2013. It's possible price reaches $100 000 - $250 000 by the end of the year then...
The trend channel SPX has been in since 2009 when adjusted for USD currency change. I feel this gives a better idea for the true value of the SPX relative to the world.
Good earnings but OZRK could not break the highs probably continue in the the triangle pattern before it breaks out.
PCLN has retreated to the trend line and looks to have broken out of a bearish channel. The last 6 years PCLN has rallied after year end earnings release at the end of February. Appears we may have all the right conditions to skip off that trend line and rally to 2600 in 2019.
One of the largest pharmaceutical drug distributors covering USA, Canada, Europe. Showing some bullish signs after coming off a 2 year downtrend, broken out of bearish channel, established priced floor at 135 and moving average cross over. relatively low PE ratio, beat earnings last 2 quarters with higher earnings projections moving forward according to...
excellent industry, R&D patents on wireless technology 3G, 4G 5G etc. 50 day moving average just crossed over and price is skipping off the trend line. If some momentum gets behind it a $140 price in a year would be possible otherwise steady growth likely would lead into the $90 range.
QIWI following a very repetitive pattern with a strong bottom support. They are also an under the radar blockchain play.
AD has been in a decline since 2015 which I believe is due to the slow EPS growth rate which looks only to be about 5% a year now compared to a 30% in the preceding years. This seems to have created a falling wedge with a price floor of about $18. Looking like AD could be breaking out and hit around $24ish this year and if the company continues with positive could...