NoFOMO_

NoFOMO_ Updated 

ARM is way overvalued and the technicals don't look great. Not the cleanest head and shoulders pattern but I see one is forming and it should be confirmed, UNLESS we bounce at the golden pocket. I don't like the bearish diverences on the RSI, so I suspect we will continue to see this fall. Not a whole lot more to say here, be careful with this stock. It's a...

NoFOMO_

The ideal short was way above, as I discussed in my prior post, at $300. Using my Fibonacci analysis I was able to determine what was a good entry (around $100) and a good exit ($300). I'd prefer not to short now. We are sitting on support but we need a meaningful bounce above $180 - I remain doubtful for now. At this stage I would prefer to look for another...

NoFOMO_

This stock is a traders dream. Huge volatility, good volume and respect of the technicals. I’m analysing this chart on the shorter term time frame. If you went long at the last golden pocket retracement, you made almost 350% gains in a short space of time. We have now pulled back approximately 40% from the highs of $300.22. Using Fibonacci analysis, it was an epic...

NoFOMO_

I’ve been watching this chart for a little while now. It’s been an absolute shipwreck. I remain neutral but it’s high on my watchlist. Watching for signs of strength, we are not quite there yet. The chart reflects the lack of enthusiasm from investors, this company doesn’t generate revenue but are very close to breaking into the duopoly that is the GLP1 market,...

NoFOMO_

Autonomous driving stocks are on fire at the moment. There is a real buzz around the space, so if you're looking for names that can have the potential to do a huge return then look no further than WeRide. Jensen purchased a good amount of its stock, they have strong partnerships with several companies including Uber, and they're rolling out their services across...

NoFOMO_ Updated 

This move up in the fifth wave is showing a bearish divergence on the RSI. I expected us to reach the $146-150 level. I have entered a short position with a tight stop loss. Nobody knows when the party's over, I'll take my chance here and if I am proven wrong, it will only be at a small loss. Not financial advice.

NoFOMO_ Updated 

On the 10th of March I posted about Reddit, as it lost the $120 level I advised the bulls to get ready to buy in at $80, which was the gap fill area met with the confluence of the 0.786 Fib level. We remained patient at went long at $82, with a stop loss under the 0.786 at $78. That move is now paying off, as we are up 50% from these levels. Congratulations to...

NoFOMO_ Updated 

Neither, AMD has it's own path with destiny. The cyclical nature of semiconductors makes this an interesting stock to analyse through TA. The fundamentals remain strong, whilst they are clearly behind Nvidia and Broadcom, there's also closely following behind and have a far smaller market cap. In a risk on mode, I think this offers far better upside than a 3...

NoFOMO_ Updated 

We bottomed at the gap fill at $57, a long term target I had been expecting. A bullish retest at the golden pocket followed, now all we need is a clean break above $80 to end the lower high downtrend. I don't want to comment on politics, but suffice to say the price of oil will tell us what's really going on. A supply shock has the potential to send oil to the...

NoFOMO_ Updated 

Keeping a close eye on this one. Whilst everyone tries to catch the bottom on an ever falling Nasdaq and tech stocks, the market has had far better trades to offer. I traded JDEP as my inverse Coffee play, now I bring to your attention one of the world's leading confectionery companies being affected by cocoa prices. This name is beared the brunt of a cocoa bull...

NoFOMO_ Updated 

I've been long since $11.40, tight stop loss was placed below the demand zone. Strong reaction to the upside, a very good trade on this stock with the earnings release today. If you look at my charts you will understand why I longed this at the golden pocket, one of my favoured trade setups.

NoFOMO_ Updated 

There’s something brewing in the charts here, and it’s not a hot cup of cocoa. We had a clear rejection at the 0.382 Fibonacci and potentially the start of a C leg in a corrective pattern. This is lower high after the bull flag breakout pattern. If we lose support here we could break the neckline and confirm the head and shoulders pattern, which is very bearish....

NoFOMO_

Enphase is holding on for it's life here, if support is lost then we could be heading towards my final target of $17-20. This stock has been a disaster. We had a 5 wave move up, then an abc correction. We are still in the final leg of wave c, nobody knows where it will end. I have kept an eye on the stock, i'm certainly not trying to be too smart catching this...

NoFOMO_

Lululemon’s chart looks extremely bearish. It’s make or break for this stock. A breakdown of its current support would confirm the break of the neckline in a Head and Shoulders pattern. The 1:1 extension of the move could send the stock price down another 50%, towards $130. Yikes! The 5 Wave supercycle ended at the Head, around $520. The stock then crashed in an...

NoFOMO_

Bullish momentum on this stock, as we break towards the IPO highs. This is largely because Wise plans to move their primary listing to America. But let's not get caught up in the excitement here and analyse the charts and the financials. Looking at the financial statements of this company, they’re not expanding profit margins as they aggressively cut their fees to...

NoFOMO_

Technical Setup: Golden Cross + Value Area Breakout Golden Cross Confirmed: The 50-day MA just crossed above the 200-day MA, a strong bullish signal. Last occurrence (2020-2021): KURE surged +120% before the Death Cross reversal. Current structure: After a brutal 5-wave decline, we’ve: -Bounced off Value Area Low (key support). -Reclaimed the Point of Control...

NoFOMO_

When the mainstream media was telling you that China was not investable, I was working hard on my TA and buying positions. I consider myself a contrarian investor, this is where the best opportunities present themselves. If you follow my trades here you will know I had called out the start of the new bull run in the Hong Kong exchange, or the dead-cat bounce...

NoFOMO_

Carrefour is one of the world's largest grocery retailers, think of it as the European Walmart. But the execution of the business by management could not be any different. We are talking about a 90% decline since it's highs in 1999. Failed market expansion, competition from budget retailers like Aldi and Lidl, online retailers have taken market share. This company...