$APT has broken out of its downward parabolic trend, but now Its entered more of a ranging downward trend. Currently ranging between $12 support & its .5Fib line at $13. Last attempt at breaking out failed to make a higher high, so I see Wave 5 ranging a bit longer before breaking down. I don't see us breaking out of the downward Red Channel until it reconvenes...
$OLED was one of the first to begin its decent earlier this year when $AAPL announced they were taking things in-house & scaling back on $OLED related products.
Following its most recent drop, it is sitting near perfectly on its long term trend line in the high $80s. If this holds(tight stops are suggested), I'm anticipating the beginning of Wave 3 up, which...
Following a valient effort by the bulls to break out of the downward channel & a fierce fight to end the week, Bears came out on top resulting in a weekly closed below a key S/R $13.00.
Anticipating further downard movement - next week to $10.70 support & back down to the high $7 range in a few weeks time, before touching its old trend line(green). Don't see...
Good close on the day at $13.04, flipping resistance into support. Anticipating a move up to the 382 fib line at $15.50 before getting knocked back at which point we'll commence the next impulse wave down(5). Short term LONG next week at $13.00 & taking profits & setting stops above $15.
In the event we do enter a bear market, which I believe to be highly likely, this is how I see $NFLX playing out over the next several months. According to my count, NFLX has completed its 2nd impulse wave down & is now in a corrective 4th wave back up before hitting resistance at the 382 fib line & the top of its downward channel(red). Invalidated if the...
