Projection based on Elliott wave theory, support and resistance as well as supply and demand. Buy area is 14,3-15,7 with right price action on daily and weekly with target above all time high.
Mahara seem was in a corrective pattern since IPO and looks to be forming the first 5 five impulse. I expect it to make one more up wave or decline from current prices to where it would correct lower to present a buying opportunity as indicated in the red box. Targets are the resistance lines above.
As shown in the chart, five waves impulsive has ended but it seems the subdivision of the 3 wave correction is missing one more wave down till 139.8 to finish the fifth wave of C leg of a zigzag. The targets are shown as a resistance lines.
After an impulsive move upwards, I expect a correction and the another impulsive moveto take out the previous high out. Fundamentally banks are going to benefit from higher interest rate as well as financing projects and individual investments in business ventures.
After advancing in an impulsive five waves up, I still see another wave down below early December low in 2022 to complete a 3 wave zigzag.
After finishing five waves up and correcting 3 waves down I expect an impulse of five wave up to a new high lead by consumption of airline fuel and construction machinary.
Due to the introduction of new airline and the influx of people related to all mega projects for Vision 2030, I expect a rise in sales of airline tickets
Due to the introduction of new airline and the influx of people related to all mega projects for Vision 2030, I expect a rise in sales of catering products.
This is my outlook for the stock into 2027-2029 based upon the projects KSA vision 2030.
Alibaba is potentially in the process of making a head and shoulder patten. Break of neckline should be with heavy volume to be successful.
Even after its earning call Alphabet seems to be having a hard time it pumping. I expect it might have one more push above todays price then it might correct and will be a buying opportunity once it reaches the red box.
As Tesla looks as it has completed a five wave impulse, I expect it to correct tell the end of the year when it will be a buying opportunity once it reaches the red box
Due to repeating head and shoulder pattern and finishing correction, I expect it to go up. Buy at market with stop loss 10 dollars and target for exiting as resistance level.
Projection based on Elliott wave analysis
Analysis does not take account of current geopolitical situation and is based solely on Elliott wave analysis. I would assume the it will follow the black more than the red scenario. 5.80 is the point where you would exit most of your shorts.
Analysis based on Elliott wave projection 30.50 is not out of the question
Analysis based on support and resistance and Elliott wave. Shaded area in red should be monitored for price action to buy.
My medium to long term outlook using Elliott wave, Harmonic and classical technical analysis.