GBPAUD daily chart has completed its rounding bottom pattern that took almost a year
It is now at critical junction to break to the up side or get rejected and plunge even more
From chart pattern point of view, the chance of break up is higher (though not absolute). Based on chart pattern project, long target will be around 1.95
IF AND ONLY IF, price move along...
If we look to the left where i highlighted, there was a triple top that cause the collapsed of NZD previously
Those triple top seems to be forming yet another resistance lately.
There is a potential of yet another double top causing a slightly lesser plunge
Please do your own D.D. as this is not a buy or sell call, just for research purpose
AMD has been making a potential rounding top since end of July 2020.
Neckline of ~73.65 is important.
If this neckline fails to hold, the next downside target will be around 55,
and worst case around 42.
I have no control of the timeline but it could take almost a year to hit this target in a slow dead manner
This analysis is solely for educational/research purpose
USOIL showing a potential double top
if oil is down, stock will correct as well
First target is double top neckline of 57, if it gets more serious, 45 is the next downside target
i could be wrong
pls do your own due diligence
CYH has been making a series of HH and HL since breaking out of a 5 dollar resistance.
After making a high of 13.7, price has make a sharp correction and if the analysis is correct, hidden bullish divergence will be in play soon potentially
@nmike , i could be wrong.
will follow up with this in 2-3 weeks time.
This post is solely for educational purpose.
Another social media sector Stock Zillow - Z has been formulating a Head and Shoulder topping pattern
In short to mid-term of 6-9 months, there is a potential larger scale retracement and in my opinion 66 plus minus 5 dollar will be the best buy zone
Please do your own Due Diligence
AudJpy pair seems to be flashing a small Head and shoulder pattern
if it is true, and plays out, price will need to retrace
perhaps from the major neckline purple zone, lets give it 1-3 months time
Not a buy or sell call
just for research purpose
Although nothing really pans out, i suspect a potential double top for Semiconductor ETF.
While lots of GOOD news such as good economic or job data, and shortage of chips should propel SMH even higher but
as contrarian, i would take opposite opinion for next 3 months for a short hiatus for retracement
if the double top plays out
the first down side target base on...
Intel has been the lagging chip stocks amongst its peer.
While chart wise, the rest have made a remarkable breaking of upside and overshot the sky limit, Intel is seemingly crawling in pathetic manner.
This perhaps due to its past unproductive business model causing price to grind extremely slow
However, with the CEO's revamped approach, i believe Intel is the...
One of the most favoured social media apps overtook Twitter and SNAPS recently had an explosive move upwards.
However, for the past 3-4 months, price seems to be getting ready for a distribution phase that disguise into potential head and shoulder topping pattern.
If and only if price breaks below neckline, the target price by project could be around...
DXY, the US dollar index will be trapped in triangle shown.
Forecasting an inverted head and shoulder before going up even further to the upper resistance of triangle
There is also a slight possibility of DXY continue to go down as drawn by purple arrow
I reckon 94 will be crucial in 2nd Quarter of 2021
Pls due your own Due Diligence.
Price could continue to drift higher to ATH 28 -32, but i feel the weakness starting. (i could be wrong)
For a very light retracement, i expect the price to retrace to 13-15, unless something seriously gone wrong, then the next deeper correction price
will most likely be 8.50 - 10
Pls note that i cannot predict the price but always prepare for something...
Very simple narration
Mondelez is famous for production of OREO cookies, i have been eating it so often.
Chart wise, it has been consolidating after a big plunge in Feb-Mar2020
Moving forward, i am bullish with the future price but do NOT expect price will move like GME, never
This is steady going stock for long term and patience investor
*Just my opinion
NVDA, the leader of the leader in semiconductor industry, has been trading sideway
Although not saying history will repeat, the last correction was pretty substantial of -55%, will it happen again this time?
Maybe or maybe not. Well, i personally feel that if there is 280 - 320 range happening in future, i would be interested to look at it
*Pls do your own due diligence
In the entertainment sector, Dish network seems to be lagging while stocks like Disney, ROKU, Comcast had flew like there is no tomorrow.
However, price had broke out of mid-long term downtrend line, it is a bullish sign for next 1-2 years to come
That is only in my opinion, not a buy/sell signal