*valuation matters in *rising rates environment. The echochamber is closing for good. Bad for advertising revenues. Poggers. Libra coin #feevulture #failarmy
looks like we had an ABC correction off a previous 5 wave advance. Maybe we are looking for another bull rally for another 5 wave advance? New to EW so let me know your thoughts
Today we will speak about QCOM on a range situation that we like the context. What can we see here? - The price is inside a range since January 2021 - Currently, the price is supported on an ascending trendline + relevant support/resistance zone level. - Another important aspect of the chart is that we can see a fully formed ABC flag pattern with...
Stocks have broken through our profit target to make fresh highs again. Our previous profit target was 4521, which provided little resistance. Our next target is 4564. The Kovach OBV is tapering slightly, suggesting that momentum may be starting to wane. Additionally, we are starting to look a bit overbought. Knowing this product, we may have another rally in...
Tesla still looking super strong. There are tons of things I don't like about the company, but due to the tech boom, the ESG movement and the current investment trends I see a big boom coming in Tesla despite its insane valuation. Might take some time for new ATHs, but the Tesla chart looks nothing like a bubble that has popped.
Has been consolidating for quite some time after a big move up. Clearly it's trend is still up with tons of upside left. Square is a pretty revolutionary company and it is definitely feeding of the banking sector. Not much to say about it other than the chart is looking great. Might take a little time to take off because of the way the chart is structured, but I...
Today we will talk about PYPL! -The price has bounced on the main ascending trendline since the 2020 March bottom -What can we expect from here? We have defined two horizontal levels (green and red) for the bullish and bearish views. Please don't consider them as triggers; use them as reference lines. On the next image, we will show you the specific filters...
Stocks have blasted through our profit target at 4504 making new highs again. Our next profit target is fairly conservative, at 4521, or about 10 points higher than current levels. We should have some good momentum today, as Fed chair Powell's comments on Friday were received as surprisingly dovish. The Kovach OBV is very strong suggesting we may see momentum...
Stocks are broadly ranging in anticipation of more news from Jackson Hole. In an environment where the only really meaningful data point that matters is Central Bank forward guidance, stocks are waiting for a better idea. Watch for stocks to maintain this range until we have more insight or the market starts to price in a decision. It did appear that we got a...
Large cap Stonks collapse in a *rising rates environment. Not too mention covid is all but a 2020 nightmare at this point. Wall Street is sooo complacent.. "Only Buy Fam" they all repeat... Go Small caps! #MSOgang
This article includes bonus analysis of semi-rare occurrence. My Algorithm 2 has signaled a SELL 9 times on the daily chart for this stock. All nine times included simultaneous SELL signals on the same algorithms which triggered this morning. I have provided the usual target boxes, however, I have included additional target boxes related to historical movement...
I bought the dip and thats why im rich with a career as your wifes boyfriend
Stocks saw a huge rally yesterday that brought all the major indexes to new highs. The S&P is no exception. We have cracked 4486 finding resistance just above this level, as confirmed by a red triangle on the KRI. The Kovach OBV was very strong but has rounded off suggesting that the asset is giving pause. We are perhaps due for a reasonable retracement, which...
Today we will talk about CRM. Here we have an active setup, and we will explain why we decided to develop it this way. Main structure: The most important aspect of the chart before the entry was executed, was this huge Flag pattern above a dynamic support resistance level. We were waiting for a breakout of the structure before developing setups. Also, we could...
From a purely charting perspective, this is a textbook setup for a breakout to the upside. One month full of consolidation, and now the chart is painting higher lows and clearing moving averages. Aside from a heavy supply zone @ ~$86-87, a clear break and close above that level this week should send RBLX to $100+ in the ensuing weeks.
After bottoming out at 4355, stocks have reclaimed the 4450's, almost a hundred points higher. We are just a few levels away from all time highs again. We appear to have broken out from an inverse head and shoulders, which is a very bullish sign. Currently, the momentum is letting up for a bit, which suggests that we may see a range day, if we don't see...
Today we will analyze the current chart of Visa. Let's start: a) The main two structures we can see on the chart are: The ascending channel and the dynamic support resistance level (yellow lines) b) Currently, the price is above the dynamic support resistance level and is supported on the ascending channel c) At the moment, we have a corrective pattern...
Large cap stonks & crypto Ponzi Pogs collapse. *valuation matters