algodynamix

algodynamix

The stock has broken out of the ascending channel and retested support. Is this confirmation that we are going even higher?

algodynamix

The price has risen significantly from the lows of $224 up to $308 - We have now seen a correction in the price and the stock seems to be consolidating at this point. Will it maintain support and move within the ascending triangle pattern or drop further down if it breaks support? We will probably know that before end of September or first week of October. For, I...

algodynamix

Here we go TSLA ! to the Moon !

algodynamix

Great setup for Electronic Arts! This looks like a great stock to me. It's a profitable company, has great franchise and has excellent analyst ratings! I am Longing this stock!

algodynamix

We have witnessed a huge C&H formation over 20 years with the Pfizer stock. The pattern is nearing completion with the handle. After that, we can expect at least a profit target nearing $75 over the medium term. This is a buy and hold stock!

algodynamix

Silver has broken the trendline which was acting as support, and which could bring Silver down to the $19/$20 levels.

algodynamix

What do you think the next move will be? Would it break to the down side or resume the uptrend? Would be great to know your views?

algodynamix

After a long climb, TSM has broken the trend line to the downside. This is likely to retrace for a while before we see another impulse back up.

algodynamix Updated 

GBPCAD had a major impulse on the upside since beginning of July 2021. After some consolidation, now it seems to be resuming it's upward trend. Will this continue or will it fall back to the lower triangle support?

algodynamix

Ethereum has broken out after nearly 2 months of dump followed by consolidation within the triangle pattern. Short term TP1 target seems to be at $2,800 and then further to approx $3,200 - are we going to maintain this momentum?

algodynamix

Here we go, Copper broke out of the consolidation pattern. Now rising ! Jump in !

algodynamix

Are we on a long or short now? Copper has rising significantly following the COVID sell off last year and with stronger demand from the EV industry, this could go even higher. Technically the chart points to a breakout to the upside until it hits a double top. Let's see how this unfolds. For the moment, I am LONG !

algodynamix

EURUSD is at a strong support and within a longer consolidation pattern. The next logical move, from a technical point of view is on the upside, There is a strong bullish pressure and it has already pushed above 1.1800 but meeting with some resistance. I do not see this breaking down to the downside....but let's see.

algodynamix Updated 

NVDIA has been on a strong bull trend and we are now seeing a double top and possible retracement. If this goes down to the 50% Fib level, we are likely to see $480 followed by a sideways / consolidation period before it goes back up again. Maybe wait for the big dip to get into this one! Let me know what you think....

algodynamix

The USDCAD is looking very bullish now after the reversal and breakout from the downward trend. I am already in a long position and will stay there for some time !

algodynamix

The Mauritian Rupee has been losing ground against the US Dollar and has lost almost 35% since 2014. The recent spike has accelerated this depreciation. Would the influx of tourists following the reopening of the borders - which should increase the supply of forex in the market - bring about a stabilisation in the USD/MUR rate?

algodynamix

After a long bear market since 2011 followed by a final dip during COVID-19 in March 2020, we have seen Silver rising sharply to reach $30 and then going into a consolidation stage which is now bringing the price to an average of $25-27. Looks like we may soon break out of this zone and move to the first profit target of $35 approx?

algodynamix

The Head and Shoulders pattern has been invalidated. GOLD has bounced off the lower trend line and rising again in the larger consolidation triangle....