My theory is there an opportunity the sports gambling company is entering an inverted wave five. Utilizing Fibonacci pitchfans to detect a median for retracement, along with converging time cycles, I have a specific range as seen in the chart. This would break the longer term pitchfan, which price has currently retraced to the median, confirming the bearish...
Possible long entry based on the McGinley Dynamic, which is essentially a smoothed MA. This particular length is backtested for max profitability and happens to be at support before the last pre earnings pump. Watching for a breakout above this average still relatively far from next earnings. Five star Morningstar stock at the moment if that's relevant to anyone.
Anticipating PDD Holdings Inc.'s imminent earnings report, I'm adopting a bullish stance, buoyed by the company's recent performance and heightened market enthusiasm. With PDD's robust marketing campaign for the Temu app in the US, I believe there's a potent catalyst for positive earnings results. My strategy is twofold, involving meticulous observation of the...
Volume Confirmation for Corrective Waves: Volume Surge in Impulse Waves: In Elliott Wave Theory, impulse waves (waves that move in the direction of the primary trend) often exhibit higher trading volume as they typically represent strong and sustained price movements. Volume Behavior in Corrective Waves: Volume Decrease in Corrective Waves: Corrective waves,...