mike_volk

mike_volk

The purpose is to analyze DEATH CROSS impact on MU day chart. It is remarkable that this time a death cross print is almost simultaneously by both 50&200 EMA and 50&200 SMA with a lag of just one day. As a rule, I look for a death cross whichever moving average pair print it earlier, as the other pair would be typically too late to the show (it can be 'either or'...

mike_volk

Astera Labs has been trading in a downward regression channel. Due to post IPO volatility it is a regression with either two standard deviations (inner green channel), or three standard deviations (outer blue channel). Most of the time the sock popped to the upper bound of two sigma channel (marked ‘2’) it then returned to the regression mean, and retraced roughly...

mike_volk

Micron holds a track record of an extremely volatile stock (Beta 2.7) in a history of past 30 years. Having analyzed all the instances when the stock had massive growth followed with similar retreat, there have been few of them (no matter what were macro/ micro causes): 1995 it saw a 12 fold, 2000 – 10 fold, 2014 – 7 fold, 2018 – 7 fold, by early ’22 – 3.5 and...

mike_volk Updated 

NYSE:JNJ JNJ is in multi decade uptrend peaked at 187 – presumably end of major wave 5 and turned into Elliott ABC correction, where major wave (A) length is about 37. Per fibo relation major wave (C) should most probably end at 139.5, while intermediate wave ‘c’ – a unit of the major wave (C) might break the pattern bringing the end of correction to 133 and...

mike_volk Updated 

Finally testing 266 it's now confirmed a complete cup and a handle. I would consider 263 as the handle's actual breakpoint, hence - now getting a cup of Cappuccino to see you at 393 - 399 (given depth of the cup :)))))). Even though there is a possible pullback on earnings day, long term patience pays off! PS: I bought the dip earlier this summer at 218 as it...

mike_volk

The last hour ended with doji while on hourly TF the price formed a butterfly. would consider as a short-term trade to short from 168 with a target 160-161, stop at 171. (this is a replacement of an earlier idea, as the stock didn't reach 143-145 target and bounced

mike_volk

Albemarle Corp has been in an Elliott steep ABC correction all the way down from ATH 335 and might have bottomed at 106 forming a cypher like pattern with: AB = .5 of XA, C extended 1.18 of XA & CD retraced .798 of XC, while this is a minor deviation from a classic cypher .786 (due to a wild wick of a red candle on a day when they announced shareholder dilution)...

mike_volk

Since peaking in March'24 Advanced Micro Devices - AMD has been either in a steep correction or moreover: it broke its super uptrend and is now in a downtrend the latter thesis is based on the fact that if it's just an Elliott wave 4 correction - it's way too long: assuming uptrend wave 1 was 80 and wave 3 was 134, it has now retraced to a local low of 141,...

mike_volk Updated 

INTC saw a decade long uptrend until competition from AMD and NVDA likes hit the Co. After forming a double top at 69+ it retraced at fibo .786 to a local low area of 24-25 where the stock consolidated and shaped a double bottom. It bounced off to fibo 0.618 level in 51-52 area and it's sliding again to 0.618 level of the last upward wave. Would consider a 34.8 as...

mike_volk

ON semi pattern is a bit sceptical. The stock was in a super uptrend peaking at ATH 111+ tested 87-89 area, broke out to 111, but quickly reversed in few weeks and again couple times tested the same resistance of 87-89. Assuming 111 was an end of wave 5, as we did not have other highs tested, we are now in a serious ABC correction shaping a H&S pattern as...

mike_volk

ALGM seems to breakout a 31.36 - 31.42 resistance it tested twice in December, forming a double bottom pattern, what might indicate a reversal of a downtrend it suffered last year. 31.36 is an important .236 retracement level of a major correction wave from the last year, while 31.42 is a full local retracement. Should it hold 31.36-31.42 this week, next target...

mike_volk

ALGM seems to breakout a 31.36 - 31.42 resistance it tested twice in December, forming a double bottom pattern, what might indicate a reversal of a downtrend it suffered last year. 31.36 is an important .236 retracement level of a major correction wave from the last year, while 31.42 is a full local retracement. Should it hold 31.36-31.42 this week, next target...

mike_volk

end of CD should be somewhere around 103, or around 108

mike_volk

ViaSat has been trading in a multi year falling wedge. Assuming it bottomed at 15, It’s forming a potential breakout of upper boundary at around 40 in the next few months Tactically, if it holds 27.30 - 27.50, which is fibo .38 retracement level of this year freefall wave it may test the next resistance at 31+. More broadly, looking at multi year downtrend - it...

mike_volk

USDRUB_TOM hit a megaphone uptrend resistance line and bounced off closing a first red candle in a month. bearish divergences with RSI and MACD in a day chart. Consider short selling in tactical perspective by end of Feb, although it's still in uptrend mid-term

mike_volk Updated 

There seems to be a top diamond pattern indicating a bearish reversal in general, however the price broke resistance line which might point to a continuation of the uptrend with target between 76 and 77... just posting for information purpose

mike_volk

Post downtrend breakage summer 22, consider uptrend is in progress with impulse wave 3 hasn't exhausted yet. Currently per my assumption it's in minor correction wave 4 of the uptrend impulse wave 3. Near-term target is either 66.45, else - 64.92. Mid-term target is around 76.9 - 77.4

mike_volk

There is no head and shoulders in four hour time frame so far: supposedly head is equal to left shoulder height and the right shoulder is getting shaped on low volume. I am neutral on this chart pattern, just publishing FYI