The market will fall beginning 11/3/2017, after AAPL releases earnings.
BBRY Could Be a Perfect Trading Vehicle for now. Patience is needed for buy/hold investors.
Only crazy bears can survive, lol... See below my last failed idea.
Instead of advancing to $53, a fake breakout here is also possible but a little less likely (30% chance vs the 70% chance for the bull case from the last chart). Which direction? Nobody knows but Mr. Market will definitely give us an answer within a week. Below is the bull case:
This is an even more bullish view that almost guarantees a $58-60 price range by year end 2017. Link to the original bullish idea:
I feel one more bull run is still the most likely outcome before a big drop, which corresponds to a similar level general market decline. Still the old target of $53 as the top.
This chart is less bullish than my last chart but shows the same target in early 2019. Last chart:
Let's see if this scenario works out.
See below for 2 of my previous ideas, which had being invalidated by recent price actions: 1. 2.
NE investors need patience and luck but should be rewarded eventually.
But the value is there. Year end 2017 target: $28
See the chart on how we could get there: by ascending triangles. This path is quite possible because the run up from 6/21/2017 contains a lot of such triangles already. The key now is that oil has to run up quickly from here. A drop below $46 that lasts more than 1-2 hours should definitely invalidate this idea.
Smaller time frame chart clearly shows the out-performance of tech over energy is topping out, and will probably end in about 2 months. Starting 4Q 2017, it will be clear energy will out perform tech, and maybe the general market also.
I know this chart might look too bullish for a lot of people but this is what my instinct tells me. Here the wave 3 will be extended. It might go down a little bit in the next 1-2 days but probably not by much.
We should at least hit $49.
I believe the correction is over. Confidence level? 80%. You can also see the same type of upward impulsive wave pattern reappearing here, albeit at the very early stage ...