ericisom887

ericisom887

WMT has seen some serious bullish price action sparked by their recent announcement o a subscription service that puts them in somewhat direct competition with AMZN. This appears to have started a whole new wave of impulsive price action. It faced rejection today after reaching the previous all-time-high and barely breaking past it. Price Point of Invalidation:...

ericisom887 Updated 

GSX has had a run that has seemingly defied logic to some bearish investors, but the overall move it made after clearing the previous ATH was relatively healthy. Despite a massive bear campaign a few months back the stock has churned to massive new highs. However, all good (or bad if you're a bear) things come to an end. It is now due for a correction, and will...

ericisom887 Updated 

WKHS was probably one of the most hyped stocks comparable to GNUS or even NKLA. Every boom has a response sadly. After returning nearly 1000% returns for those who got in early, it appears we're in the midst of a VERY heavy corrective wave that will hurt those who have entered in the past 2 weeks. Retrace point of invalidation: 21.25 Conservative price target:...

ericisom887 Updated 

NKLA has been coming down for sometime now, but the appropriate corrective wave has finished. We're now awaiting a new set of corrective waves before we can make new price target predictions. Very likely a quick scalp opportunity is here. Price point of Invalidation: $40-$42 range Quick Scalp Take Profit: $50-$52 Range

ericisom887

Tsla is an absolute monster of a stock, we appear to be near the top of this massive increase in price. It's important to bare in mine that 10% of the floating shares are short, so a short squeeze could be in the cards. I believe we're in the midst of a fifth and final wave. A Note Yes I am aware that the 3rd wave is currently the smallest one; this breaks one...

ericisom887 Updated 

GNUS is seeing a massive surge in volume recently, it's huge previous rise was even comparable to BTC. In that sense I was waiting for at least a full retracement from the high of 80% or greater, however, not too long ago we saw a similar surge of volume that we're seeing today. This surge failed to break into the mid $3 range. That is my current fear now, though...

ericisom887

This could provide a turn in the market to the bearish side. I created 2 quick scripts that compare the change in daily deaths to change in daily cases. On average there seems to be about a 10 day delay between a new uptick in cases followed by a new uptick in daily deaths. Why did new cases stay the same and deaths went down? The only reason I can possibly...

ericisom887

What you're seeing is the minute wave count on the 1 hour chart, ROKU is getting primed to break out of a resistance area it has been stuck under for quite some time. Bare in mind, most people are piling their cash into tech stocks (mostly large cap) but in terms of tech, ROKU is a little bit nehind the curve in terms of their current stock price. It appears to be...

ericisom887 Updated 

I will need to comeback and refine these notes later, but it appears my earlier prediction of TSLA hitting $1,050 per share was used using a false high on the previous wave count. The modified one shows a likely new high of $1,200.00 per share before seeing another type of correction (minor or major is yet to be discovered) Again - will revisit with cleaner notes later.

ericisom887

SHLL has had itself an amazing run, these SPAC's have all had amazing runs on their own. While this might be a great long-term hold, if you're an investor on the sidelines looking to rush in, not shame in holding on a second. A retrace scenario laid out before you is likely to occur. Overall Top: $34.50-36.50 Range Price point of Invalidation: $38+ range...

ericisom887

BCLI had a very good come-up, propelled by their news of joining the Russel 2000 index ( source ) this looks like a classic first wave extension to me. Would expect the following corrective wave to follow suit. Price Targets: Conservative: 10.52 Aggressive: 9.35 Price-Point of Invalidation: $12.50 Option Contract to note: www.barchart.com

ericisom887

BZUN has just come out of a corrective cycle that has lasted nearly 2 years. It looks to be in the midst of a new corrective set, this stock will most likely break its previous ATH within the next 12 month period. Cannot give profit taking targets on this as it is long-term. Price-Point of Invalidation: 28.21

ericisom887

Though this isn't he most liquid stock; the elliot wave pattern is fairly obvious. It seems to have transitioned over to a corrective wave and has having a temporal trend change. Price Targets: Conservative: 334.91 Aggressive: 308 range Price point of invalidation: 375+ range

ericisom887

PLUG - Looking very bullish at the moment, seems to be in the midst of it's fifth wave. Expect a local support around the $6.10 zone with a push to the $8.29 finishing off the fifth wave.

ericisom887

Amazon has been on quite a run lately, it being a titan of all industries. But gravity exists for us all, expecting the impulse wave to finish up around the 2980-3020 range before having a correctional pullback.

ericisom887 Updated 

Spotify has finished it's decent juicy long-run; now calling the top here around the $250-$253 range. Will have to wait for price clarification before directly seeing what the corrective wave will be. Price Target: 222.94

ericisom887

Spotify has made a NUMBER of deals lately, honestly I couldn't really get a wave-count till now. SPY is on it's last legs finishing it's primary impulse wave arounf $250 per share, time-line may be sooner rather then predicted as this thing is going parabolic. Price target: $250 Range Local Support: $222.83 Will update with corrective predictions when we...

ericisom887

Roku is actually INCREDIBLY bullish on both the intermediate and long term. Short term it's a little bearish; do NOT worry though. Even though you missed the initial jump there's still plenty of time to join the larger trend. This entire impulse and corrective wave you see here is just one small step in the entire grand bullish scheme.