Get started

Extended

Constellation Brands (STZ) - Completed Extended Bat PatternIn late June prices gaped lower and started a sell-off that would mark down prices $70 or so. The decline was more rapid from October with prices in a cascade-like fall in December. Constellation Brands (STZ) has completed a Harmonic Extended Bat Pattern . Based on this and with the broad market at it back I target $199 as a profit objective. Above that I have a $250 target. But baby steps first. Today's bounce signals a potential bottom. Aggressive traders could probe the long side of STZ at current levels after the profit warning sell off two days ago. Risk a close below $144 and look for a recovery back to the $195-$200 area in the months ahead. The gap from Jan 7th opening around the $166.70 level was filled. Note this is a 2400 minute (4 hour) chart. Lets see what happens. S.
NYSE:STZLong
by Steve666
BITCOIN Might Already Has BOTTOMED - And U Haven't Realized It!Dear Friends! I will do this very brief cause we are in a very interesting situation - We might already have reached the bottom without most people haven't even realized it. Most would have expected a huge bounce, before a real reversal would take place. But we have mixed signals, and some of them might indicate, that we already have reached our low for now. On the left - The 1D BTCUSD Chart. Huge A wave down with some extended waves. Pay attention to Wave 3 with waves of minor degrees inside. Also pay attention to the The Class A Bullish Divergence on the RSI. BUT the most important part is the chart on our left - the 4 hour chart. Take a look at my magnifying glass - something interesting is happening at this very moment. As I see it this can be 2 things: 1. That we prior to that had a truncated 5th wave and have had that reversal, and are about to make impulse waves up towards B at around 5,600 USD. 2. This could also just be a prolonged 4th wave - but it would also mean that, we will have a very small 5th wave down due to the 1st and 3rd wave ratio is 1.1 Please leave a LIKE, and I will go more in dept and zoom in on our focus area and follow up on this exciting situation. D4 <3
BITFINEX:BTCUSD
by D4rkEnergY
60
SPX Bear Trend in Running Flat; Soon to End?Index might be in an expanded irregular flat EW, with descending wedge an indicator of diminishing supply as the bears grind down to the 0.62 Fibo retrace line. In Elliott Wave theory, in a strong bull market the ABC correction 'C' wave can terminate above the bottom of A, and may appear as an expanded flat correction, rather than a deeper C that carries below the A termination, or a so-called 'running flat.' It's really dangerous to short these, it's like trying to pick up dimes in front of a bulldozer. Expect a strong bounce at the apex of the wedge- within a day or two, if no break down. Dow closed at 253 support and Sand P just above the 274 Fibo line. After two weeks of bear control it seems the bulls are setup for a powerful rally. Don't get caught short... of course possibility exists for further break down. IF we do get a break down from this formation, it would be extremely bearish and could herald a bear market. IF we get the bounce the Bulls will roar back. Stay tuned! As always, this is not investment advice, trade at your own risk! Forex link to Expanded Flat Correction Theory: www.dailyfx.com Added ABC EW to this chart (Double-click to view- a bit buggy):
AMEX:SPYLong
by DaddySawbucks
6
SIMO strong confirmation out of long cup w/ handleSIMO puts in 3 strong days with high closes since the breakout. It is now too far extended to buy, but it was almost my pick on 4/13/15, but I went with QLYS instead since it was a bit closer to the buy point at that time, and QLYS had better fundamentals. PERFORMANCE WITHIN GROUP (SIMO) SILICON MOTION TECH ADS RANK WITHIN THE ELEC-SEMICONDCTOR FABLSS GROUP (51 STOCKS) Composite Rating 99 Rank within Group: 1st 100% Best in Group EPS Rating 93 Rank within Group: 5th 92% Relative Strength Rating 96 Rank within Group: 4th 94% SMR Rating A Rank within Group: 5th 92% Acc/Dist. Rating B Rank within Group: 13th 76% Composite - Group Leaders AMBA AMBARELLA INC AVGO AVAGO TECHNOLOGIES LTD (Added to My Stock Lists 04/17/15) CAVM CAVIUM INC IDTI INTEGRATED DEVICE TECH NXPI NXP SEMICONDUCTORS N V (Added to My Stock Lists 04/15/15) Composite Rating 99 GENERAL MARKET AND INDUSTRY GROUP (SIMO) General Market Uptrend under pressure Industry Group Industry Group Rank (1 to 197) 3 FUNDAMENTAL PERFORMANCE (SIMO) Current Earnings EPS Due Date 04/27/2015 EPS Rating 93 EPS % Chg (Last Qtr) 60% Last 3 Qtrs Avg EPS Growth 63% # Qtrs of EPS Acceleration 0 EPS Est % Chg (Current Qtr) 175% Estimate Revisions Last Quarter % Earnings Surprise 2.1% Annual Earnings 3 Yr EPS Growth Rate -8% Consecutive Yrs of Annual EPS Growth 1 EPS Est % Chg for Current Year 26% Sales, Margin, ROE SMR Rating A Sales % Chg (Last Qtr) 53% 3 Yr Sales Growth Rate 0% Annual Pre-Tax Margin 24.8% Annual ROE 19.4% Debt/Equity Ratio 0% TECHNICAL PERFORMANCE (SIMO) Price And Volume Price $33.77 RS Rating 96 % Off 52 Week High -1% Price vs. 50-Day Moving Average 18% 50-Day Average Volume 658,000 Supply And Demand Market Capitalization $1.1 B Accumulation/Distribution Rating B Up/Down Volume 1.1 % Change In Funds Owning Stock 0% Qtrs Of Increasing Fund Ownership 0
NASDAQ:SIMOLong
by reversalradar