Hello Traders, CGC gaped to the downside after earnings and make a new low @ 15.33 on a closing basis for the week. The gap-down can be classified as an „exhausting-gap“. More evidence for this idea will occur, once the gape will be closed, maybe in the coming week. Note the extraordinary volume spike after the earnings, which was the highest since multiple spikes...
Hello Traders, from the low @ 10637 on August 23, N50 advanced to a 12034 on November 8 and is in a short term correction, possibly! I have labeled the chart with the TRIN-data (which is called the „Arms-Index“) to show how N50 is moving since. The overall count seems to be valid, creating in hole three waves of „1-2“ which is at the forefront of a massive bull...
Hello Traders, HangSeng gaped down on Monday and again on Wednesday's session with massive losses. The index has broken my important level of 26491 and indicates that not an impulsive move is underway. But what could this move be? As to observe on the graph below, the high @ 33484 was a possible wave „3“ of Minor degree, and the following decline a correction...
Hello Traders, not much new to add for BYND! The stock is moving sideways since the earning on October 28 and has made a new low so far @ 77.27! This low is just ~8.-$ above my cited target range for the stock. As before. As long as BYND is trading below 96.25 the focus is to the mentioned target range. Only a clear „five-up“ will change my outlook for BYND. This...
Hello Traders, Canopy Growth jumped at Friday`s session from a low @17.90 to a close @ 21.48 (intraday high @ 21.67! This was a massive gain and it looks impulsive! But is this the truth? As per my count, the decline in CGC possibly comes to an end @ 17.90 on October 14! I have marked this level with a question mark, while I am not sure if this was all for the...
Hello Traders, NIFTY50 closed today at 12016.85, making an intraday high @ 12019.90, shy below 12021 at the opening bell early that morning. A/d-ratio was shy at 1.05 positive, while TRIN closed at 0.716! The candlestick pattern looks like a „Hanging-Man“ on a daily basis, indicating a change of trend in the coming hours. The technical breadth and volumes are...
Hello Traders, my latter forecast worked out well. Hang Seng is advancing in a wave „three of three“ to new high`s, crossing 27366, as well as the index, closed an open gap, left from trading on July 31. There remain more open gaps and it could be possible, that HS will close it in the coming hours and days. Note, that HS touched twice the lower, rising boundary...
Hello traders, NIFTY50 has made a“three-down“ since the 11988.80 high on November 4! This corrective move is either a wave „4“ of a smaller degree, or it is all of the advance within a „triple one and two waves. A break of the 11843.35 indicates, to my view, that the top is done and a corrective move will be next. A good hint for this could be the argument, that...
Hello Traders, let`s talk about BYND! The stock gaped top the downside, after announcing the earnings on October 28 @$82.66 after closing @ $105.48! This decline indicates a wave „three“ that possibly bottomed at $80.10 on the same day. While, as per my analyze one open target area exists @ 69.- level I think the stock has much room to decline in the coming days...
Hello Traders, some days ago, I wrote at my analyze of a „buying-signal“ for HangSeng, based on the Ichimoku-indicator. Furthermore, I wrote, that it could be possible, that HangSeng will „fight“ some days with this area of resistance, to overcome it. This was exactly what happened the days after. On Friday, HangSeng broke above the upper „Kumo-cloud“ (red line)...
Hello Traders, SENSEX has made a new ATH on a closing basis @40165.03, the Future made it`s high on the week of June 3, @ 12121.0 (intraday) and at 11897 on a closing basis, as N50 did the same week @ 12103.50. NIFTY IT made it`s ATH @ 16720 (intraday) on the week of April 30, and last NIFTY 100 did it @12220 on the week of June 03! So, there re multiple ATH`s...
Hello Traders, Yesterday evening after the trading session has been closed, BYND announced his earnings. The share plunged nearly 20% and this behavior is in-line with my last analyze of BYND! Read here:https://www.tradingview.com/chart/BYND/pIB6LnVy-BYND-Target-zone-achieved-More-bears-to-come/ So, what to expect for BYND in the coming days? First of all, to...
Hello Traders, NIFTY50 popped at October 27 with a gap-up to 11662 and during this behavior, it achieved the upper boundary of the blue trend channel, drawn at chart, today. This behavior signals, that a wave „4“ has ended and N50 is close to end it`s impulsive move, which starts at October 9 @ 11090 points. Possibly today`s high @ 11809 was a wave (v)! At the...
Hello Traders, Hang Seng made a low at 26491, which was the 0.35 Fibonacci of the advance from 25522-26985. It develops as „three-down“ which makes it countertrend. The rise to the upside since is either an a-b-c, part of a complex correction, or it is a series of „one`s and two`s“ with higher prices in the coming hours. Any decline below 26606 will lower the odds...
Hello Traders, NIFTY50 open with a gap-up @ 11661.50, but failed to exceed to a new high! Persistently, after the opening bell, N50 declined for the rest of the session, making an intraday low @ 11535.95 and closed at 11583! Today`s low was shy above the 0.382 Fibonacci of the wave „3“ retracement (@11514) and some tics above (@11520) were wave c=a, playing the...
Hello Traders, NIFTY50 topped on October 22 at 11713.80 and is in a corrective move since. This move is part of a wave 4 correction and a common target range is at 11512.87, representing the 0.382 Fibonacci of the wave 3 advance. A break of the lower boundary of the trend channel implies, that wave 3 has indeed ended at this high and wave 4 is underway. The...
Hello Traders, Hang Seng advanced to 26985.10. This move develope as a „five-up“, indicating a complete wave !2! of lesser degree. The decline since that high is part of a wave „2“ that is not done for now and will develop in the coming hours and days or so! A common target for this wave „2“ ranges from 26254-26081-26936. The latter onis the deepest to accept...
Hello Traders, on August 19 I published the following analyze here at tradingview.com for BYND! Read here for details: The target zone as per this analyze has been achieved and it looks like, that BYND is not done to the downside. From $99.50-130 there remains an open gap from January 6-7,02019! The stock has declined into that range, and when the stock has...