I believe that we finished our 5 waves in Feb 2020, completed an A wave correctional wave with the COVID selloff, headed to current levels in the B wave.
In my humble opinion, we could be in an expanded flat corrective ABC waves. If this count is right, what comes after B wave? Yes - C wave.
Here are the normal Fibonacci Ratio Relationship for an expanded flat...
The most probable scenario for GLD is to reach 166 level before heading for the next (bigger) move to North.
GLD is inversely correlated with Dollar, thus for this scenario to occur DXY should increase, and then head towards South (inflatio, currency devaluation).
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Disclaimer: This is not an investment advice,...
Based on the standard fib extension, the QQQ might soon reach a local top and gift the patient ones a good opportunity to buy on the dip.
Disclaimer: This is not an investment advice, just mere a personal opinion based on probabilities.
SP500 might be nearing a local top soon, after which there might come a good opportunity to buy the dip.
Depending on where the last wave of the current movement (the one started at the dip on 30th of Oct dip), the local top can be reached at 3890, 3950 or 4020ish.
Will be watching divergence, dollar index. Of course this is just a probability exercise, do not...
Fundamentals: ATHA is a biotech company whose primary product is focuses on Alzheimer's disease. This is product, if approved, promises to be in a very high demand. Recently company issued additional shares, which send the stock plummeting.
Technicals: ATHA might be working out on a 2nd wave. If this hypothesis proves true, the next 3rd wave can get the stock to...
Hi. Datadog presents good risk/reward ratio entries above 111 or below 97.5 levels.
Fundamentals: Datadog is a data analysis company with strong business fundamentals. The revenue growth should accelerate as businesses recover.
Technical analysis: Stop loss can be put at 89. In the most bullish scenario we could be the 5th wave which could get us to 152 level.
Hi. Alteryx presents a good risk/reward ratio entry above 129 level.
Fundamentals: Alteryx is a data analysis company with strong business fundamentals. Gross margins are among the highest in the industry. Revenue growth slowed down in past quarters due to covid budget cuts. However, the revenue growth should accelerate as businesses recover.
Hi, HYLN above ~18.9ish could present a nice opportunity to go long with very favorable risk/reward ratio = 11ish. This move could potentially be fueled by Biden's inauguration.
Disclaimer: this is a very volatile stock. Use stop-losses wisely.
Bidu has strong fundamentals and is working on several breakthrough technologies like autonomous driving. If my count is right we are done with the 1st minor wave of the 3 major wave, and now are headed for a small correction towards 108 region. This area could present a good risk/reward opportunity to be in for a ride until 200 or possibly to ATH at 280ish....
Alxn is a company with strong fundamentals in terms of revenue growth and margins. In addition it has a wealthy pipeline with more than 30 drugs in process testing.
It seems that we could potentially see around 200$ soon. A good risk/reward entry could be somewhere around the neck of the shoulder - $116, with a tight stop. The overall trend is still up, but the...
Possible triple top with a targeted move towards 37 level. Possible fundamental driver, new lockdowns abroad which damages consumption and demand for Chinese goods.
Technical picture is supported by potential reversal islands at all three tops.
QQQ has been demonstrating a divergence since FEB. In addition, it seems that we have reached the same ratio levels between QQQ and SPY as in 2000s.
Therefore, I expect QQQ to experience a small pullback. I don't think it will be a crash per se, as these technology companies are earning real money these days, but nevertheless a 23 or 38 level Fib...