A Broadaging wedge can be seen on the graph. If the pattern is to play out, it would need to retest the higher bounds of the formation before a correction. This would also lead to a bearish divergence forming on the RSI as we would have a higher High on price with a lower high on RSI. I will be waiting to trade on confirmation.
Paypal is in the extreme oversold territory after an overreaction to their slightly disappointing earnings. It's also at the 0.618 fib for its macro wave making me particularly bullish on an entry here. Of course DYOR.
Using Elliot wave and fib retracements.
Himex is definitely in a bull run having drastically growing earnings and in the booming semi conductor industry. I think this one will perform well all 2022 with technicals pointed out on the chart.
$BBIG is being pumped and should be stayed clear away from if you do not want to be getting burned. No recent news despite launching 55% this week through subreddit shilling and pumping. I'd either be buying puts or staying clear away from this stock altogether as it is being manipulated through social media and can act irrationally.
Kospi seems to be attempting to retest the previous ATH. Korea seems to be getting over the worst of its covid waves which could be incredibly bullish for the country as a whole. Looking to see what the Kospi does on a retest of previous ATH.
Sushi is still testing recent lows at the .786 fib retracement. BTC dom however is steadily decreasing meaning the chances of a breakout are better than ever. Altcoins have been getting absolutely destroyed recently and a relief rally is due to come.
KOSPI is retesting a very long-term channel it's been trading within since 1994. If it confirms the breakout out of this channel, it could be extremely bullish on the ETF that has underperformed the SP500 this year.
I'm bullish on Korean Won for having one of the most advanced semiconductor and tech manufacturing industries in the world. This includes: the highest quality semiconductor production from the likes of Samsung, Oled, and MicroLED panel production from LGD/Samsung, Battery production from LG Chem, EV production Hyundai etc... Exports are going to grow in the coming...
The fundamentals of LG Display are strong going into 2022. The growing Metaverse trend with virtual reality is opening a new source of revenue for OLED Panels. Electric Vehicle producers like GM are also choosing LGD to provide high-quality pOLED and OLED displays for their new Electric Fleet. It's crazy that LGD is priced like a growth stock given how booming the...