Price has bounced now on the green 0.38 Fib and is routing back to the First Target level again but I only see two waves in this pull back and we typically see three, so do not be surprised if there is a rejection at the First Target again and then another pull back to the green fibs....we can also see that the 200 Day MA is ...
2025-05-06 16:13:30 +0000 UTC View Post
Gold continues to recover after pulling back after the US market bounced for what could be Wave B.
If Gold makes a higher high above $3500, then this is a signal that more money is moving to safe havens and the US market will likely see a Wave B rejection next.
The Bull Case target here has not changed in nearly 2...
2025-05-06 13:25:49 +0000 UTC View Post
Price has pulled back for a lower low in the PM now -5.5% to $5.20.
This is very close now to our Subwave 4 target of $5.13 which I have highlighted now since the run up to our Subwave 3 target.
I am looking for a test and hold today and we have our second buy signal before catching the move up to $7 to complete S...
2025-05-06 13:19:48 +0000 UTC View Post
Also reports after the close today.
Price is at an important level right now as it tests the upper limit of this yellow line at $14 this week.
A comfortable beat on earnings and we could see a breakout next but the price must hold above $14 next on the outside of the wedge.
The targets then above are at...
$MOS reports after the close today too, we have been following this for some time now and behaving as expected since the breakout of the downward channel.
Price is now above the 50 WMA and the blue support/resistance line at $30 now too.
The bullish move is a bounce up to the 200 WMA at $38 next.
However, th...
2025-05-06 11:33:41 +0000 UTC View Post
$TEM reports after the close today
We can see that there are 5 waves in this bounce since the start of April and the price is comfortably above the blue support line at $44 that we shared in the last upload that needed to hold.
Subwave 5 can complete here now and also start its abc correction after the earnings wh...
2025-05-06 11:29:02 +0000 UTC View Post
$BIDU has also broken above its 50 Day MA and moving well in the PM too while there is red across the market.
Chinese ADRs continue to perform well against weak days for the US market too and hold up strong when the US is green, a comforting sight for our hedges.
We want $BIDU to hold above the 50 Day MA at $90 an...
2025-05-06 11:11:53 +0000 UTC View Post
$BABA is up +1.5% in the PM now after a very positive Ai Cloud remark from Nomura:
Chinese cloud-computing providers' 2025 capital expenditure could rise more than 50% amid accelerated AI spending, Nomura analysts say. That would outperform their global peers' capex growth, which is estimated to rise 40%, the analys...
2025-05-06 11:08:29 +0000 UTC View Post
Fantastic earnings across all metrics and EPS beat by +65% above estimates. The YoY growth numbers were mind boggling and $HIMS continues to exceed expectations and deliver on their projections.
Price action jumped as high at $43.10 yesterday on a negative day for the market, if the market was green we would have likely...
2025-05-06 11:04:55 +0000 UTC View Post
$PLTR reported yesterday and EPS hit its target and revenue beat by +2.5%.
Yoy growth and margins were still good but there was significant lack of wow factor from this earnings.
And certainly not strong enough to justify the current valuation.
P/S is still above 100 and the FWD PE has increased to 174.
... 2025-05-06 10:57:40 +0000 UTC View Post
Reports after the market closes today.
We can see that $O's entire move has also originated since the 2009 GFC now at $13, went as high as $82 in 2020 but has fallen in a corrective manner since.
The only bullish formation I see right now is the large triangle but it would not be the most reliable bullish triangle...
2025-05-05 19:33:52 +0000 UTC View Post
$HTZ jumped mid april after it was revealed that Bill Ackman bought a significant stake in the struggling car rental company
Price jumped from $4 to $9.30 on this news and is now pulling back.
The impulse wave can still be saved but it must start holding support now.
The 0.5 Fib is the ideal level to hold at...
2025-05-05 19:23:07 +0000 UTC View Post
$ONON is at an important spot right now as it tests the 200 Day MA having broken above the 50 Day MA last week.
The 200 Day MA is at $49.60 now so a break and hold above this level and the next test is the blue line at $56.
A hold above the blue line and it really gets interesting for $ONON as there is a technical...
2025-05-05 17:54:48 +0000 UTC View Post
Is due to report their earnings on Weds, price is down today as output is expected to increase shortly and concerns that a recession will reduce demand.
The price action has already tested the standard 0.618 Fib at $34.70 and has bounced, so bulls would like to see a higher low now held with this small pull back.
...
2025-05-05 17:51:08 +0000 UTC View Post
$SOL like $ETH has been showing signs of reversing now after two strong pull backs over the last few months.
I have added in the small white fib support levels if $SOL loses the blue support line at $144 and tests the standard pull back levels for a higher low next between $118 - $125
Once $SOL holds on either lev...
2025-05-05 15:06:09 +0000 UTC View Post
$ASTS is on the higher risk scale as they have very little revenue but their moat is strong......and very strong, which is why I am keeping this at the forefront of your thinking right now.
If you look at Simply Wall St's Fair Value, you won't believe your eyes.....its at $770, yes $770 and the price is at $25.35 right ...
2025-05-05 13:47:35 +0000 UTC View Post
Just as an observation and I get obsessed with the positions I own, here is another chart on $NVO.
I uploaded one earlier too but the Fib support levels I used on that chart were taken from the low in 2017
BUT if we take the GFC 2009 LOW, the price action this year pulled back extremely well to the green 0.618 Fi...
While the masses got distracted by earnings last week, the US 10 YR retested the wedge support level, the 200 Day MA and the 0.618 Fib and held and today is bouncing.
This is not what a bullish market needs to see, nor is it what Trump wants either.
We know that earnings were not bad, guidance were showing some un...
2025-05-05 12:56:54 +0000 UTC View Post
TWEET:
$LVMHF another stock in its full economic cycle since its 2009 GFC low at $49 and climbed as high at $1005 in 2023 over 14 years.
In it ABC correction now and so far found support on the 0.5 Fib.
This can be e...
2025-05-05 12:36:14 +0000 UTC View Post
A lot of people got excited about this ticker in November when it went parabolic and we did not entertain it.
Because with all parabolic moves, the reverse is just as harsh and $LMND is no different.
Price has pulled back from $53 to $24 and has so far held support on the 50 and 200 WMA which merged exactly at the...
2025-05-05 11:47:31 +0000 UTC View Post
The impulse wave is messy here but still valid.
Price pulled back very steep to in between the 0.5 - 0.618 Fib range and went as low as $230 but did not infringe upon the top of Wave 1, so Wave 4 is still valid even though it was very steep and went a lot lower than the typical 0.38 Fib retracement for Wave 4.
Pr...
2025-05-05 11:38:10 +0000 UTC View Post
I have started a position in $NVO on Friday and bought at $68.
Remember we don't aim to buy the bottom, you can not confirm a bottom and the potential bottom here was at $57....and was not on any MA's or fib support levels.
Regaining the 0.618 Fib at $65 encouraged us to add and now we are looking for a second buy...
2025-05-05 11:19:57 +0000 UTC View Post
This is ideally what we want to see next, a small 3 wave abc pull back to the 0.38 Fib at $5.13 and holding.
The 200 Day MA is exactly at $5 right now, so it cuts in between the 0.38 fib and 0.5 fib (not on this chart, this is the 1hr chart)
So a test and holding on either level then we have another clear buy sig...
No changes to the chart or commentary.
$PLTR has come very close to testing its previous high but has not been able to do this yet in the PM.
Chart is still valid and Wave B can have no issue overshooting the blue line at $125.41 and still be valid.
RSI on the daily chart is already in the overbought territ...
2025-05-05 11:07:23 +0000 UTC View Post
It is Earnings Day and we got the strong run leading up to earnings.
Two big points to make:
- We have 5 waves up, which means it is the start of a new impulse wave, this is what we wanted to see.
-Also, 5 waves up leading to earnings can also mean that we must expect an ABC pull back for a higher low next....
2025-05-05 10:57:45 +0000 UTC View Post
Succession Announcement
Warren Buffett, the 94-year-old “Oracle of Omaha”, announced he will step down ...
2025-05-04 19:38:33 +0000 UTC View Post
As I shared under the $QQQ and $BTC charts this evening, all three positions have held exactly at their respective resistance levels to end the week.
Like I said under their charts too, this is not a rejection, this is simply a test of an important resistance level.
The FED will report their Interest Rate decision...
2025-05-04 19:33:13 +0000 UTC View Post
$QQQ and the $SPY finished exactly at the 50 WMA to end the week.
Are we surprised that the price action finished at this level this week? history has shown that a retest of the 50 WMA does typically happen when there is a fall down to the 200 WMA and that is how we played this and this is what happened.
And this ...
2025-05-04 19:16:35 +0000 UTC View Post
The flawless chart continues to impress and move as expected.
Price is now above all important moving averages and continues to move higher in a controlled manner.
Next test for me will be the Wave 3 level at $366.
A break and hold above this level and Wave 5 is confirmed and at the very least going to $411...
2025-05-04 19:09:16 +0000 UTC View Post
Very little I can add here that has not been said already and I uploaded this chart again during the week to show that the price held very well on the 200 WMA and now above the 50 WMA and the 0.618 Fib, which is confirming that there is a bullish trend.
A retest of the 50 WMA and the 0.618 Fib at $272 would also be welc...
2025-05-04 19:07:13 +0000 UTC View Post
