No deep commentary, this is my quick take on a short position atm to gain on nvda short term correction. Just my take, good day.
I believe that the odds are good for a reversal at this point, see notes on chart. This is my personal opinion, happy trading.
I see the current weeks movement as a ascending triangle, hopefully it makes it our upwards, but be aware of a breakdown, it is still frying quite high, about 50% over 200MA daily. Take care, happy trading.
I believe we might see a pullpack on Amazon, atleast a setback to test support. Can't act on it as i don't short. Happy trading.
I believe we are about to see the oil price break upwards and out of the symmetrical triangle, usually this happens on a spike, and we will see how far it reaches, but could be the definition of a long term bottom. Overall i believe that 20$ is the bottom, as it is the last fib level, and fundamentally it is not sustainable for producers. This is my guess, this...
We might be at a peak in Apple at this point in time. We are hitting fib levels, at same price point, from different trends, we're at high RSI on the weekly, and i believe we're topping the fifth wave of a major wave 3 at this point. I would take profits at this level, and not think about entering this stock in the coming months, if it indicates of this being...
This is my take with a very bullish view on this graph, I know next to nothing about the company's fundamentals. I see a strong trend, which very well could continue some time into this year, the timing is rough, but I've tried to map out the possible targets based on previous pace. This is only me view, always do your own DD, happy trading.
Hi, I've taken my time to look into this graph, I see a quite clear willingness to bounce off of 200 MA daily, and could be a stop loss for an entrance with a less tight stop than the ones plotted on the graph. I see the stock as being on a 3rd wave of its bigger 3rd wave, which should be great, hence my optimism. I also believe it might go quickly from this spot...
Looking at this with a long perspective in Log scale, it seems rather obvious that we're in an overbought area where we need a correction. Previously we've seen large correction the years following such a peak, but is this time different? Maybe, but surely not before a correction of 30-40% from the top, then it might bounce up quickly and set a new trend, who...
I believe that odds are in favor of a reversal at this point. We are at the bottom of a multiyear channel/bottom trend, with really low RSI on the daily and the weekly is same levels as previous reversal in the multi year channel/bottom trend. Additionally we have resistance just below the channel which should be the stop loss. With some patience, one year or so,...
This analysis is made with graph on LOG scale. This shows a very clear upgoing trend, where we are at a great reversal point which would be the end of a retracement wave 2 - Elliot Wave. On basis of this idea, we should be heading into the third wave going up, normally the largest and strongest wave, see pricetarget, timing is way harder to guess. Stop loss:...
We've seen a drastic fall in Solar the last week. If we use fib levels, we see crystal clear resistance and support on them, and right now the major rebound retracement matches the minor. This is testing of a strategy, won't invest myself. use this as inspiration. Happy trading.
I see one huge correction from the IPO ABC down to all time low. From there it looks to me like we're beginning a wave two correction on the first wave up from the bottom. It will be interesting to see whether the trendlines will set the pace of the fib levels, but SNAP needs some cooling before major moves higher. This is my view obviously, use it as...
The current bottom fits the pace of the big downtrend, here we might see a short term reversal (which may also be the overall reversal, yet there are other possible reversal points at lower SP). At the moment we are beginning the third wave in the short term reversal, and we are able to set up a decent RR play here. Be careful near the declining tops, may push us...
As i see the large upgoing wave, we're in a wave 4 correction, and right now we are at 50% retracement which also was the turning point from wave 2, additionally we're close to the 200MA Weekly. I expect atleast a short upward move, as I'm always quite skeptical with quick corrections. This idea is based on this being the bottom, and I've remained...
Pandora is showing sign of a reversal, double bottom at 78,6% retracement and with a quick fall speed. We might see a steady rather quick uprise the next two months..
My last guess on Ambu was incorrect, but i still believe we're are heading down even further. The movement from the top was just too quick, suggesting extreme overbought, for the correction to be over in one quick move. I believe we are seeing a big abc correction, and that we have now seen the top of the wave 2, I see it as "confirmed" as the quarter...
My last guess on Ambu was incorrect, but i still believe we're are heading down even further. The movement from the top was just too quick, suggesting extreme overbought, for the correction to be over in one quick move. I believe we are seeing a big abc correction, and that we have now seen the top of the wave 2, I see it as "confirmed" as the quarter reporting...