Non-standard Correction - ABCXABC in the downtrend - There is a high probability that price will go down further to complete another ABC following the Intermediate Wave (X).
Non-standard correction (ABCXABC) - We are in a non-standard correction in which the second ABC is anticipated.
ZZ Truncate Pattern - Minimum Target is at 2.20 - 81% of the whole zigzag truncate pattern.
- We are in a very nice uptrend of the Supercycle Wave (c). However; I do expect a period of consolidation before continuing up in our trending direction. Minimum TP is at 6.14.
Non-standard Correction (ABCXABC) - As shown in the chart we are approaching the second correction of a non-standard correction.
- Cycle: non-standard correction abcxabc - currently at Cycle Wave c of the last correction. - Primary: Expect a minor retracement of wave 4 - areas of support = 19.2, 18.1
- We are currently in Intermediate Wave (D) of a triangle. Expect a very aggressive thrust after this correction has ended.
- Spotted a Flag Pattern. - To be very honest, there is no obvious Elliot Wave analysis here; Some may argue that a triangle correction is valid here but the subwaves count are not accurate.
- The future do not seem very bright here. If this analysis turns out to be right, we are looking at a new low beyond 0.20. However, if price reverse up and make new high pass 3.57, this would mean the end of a cycle wave down.
- Very likely that we are going to see another move downward (cycle wave b). However; wave b is still incomplete.
Non-Standard Correciton. - There is an opportunity to enter at the end of Primary Wave . According to Elliot Wave Theory, after a non-standard correction, price should retrace to at least 61.8% of the last correction (@62.25).
Indicator: PLF :- No profit chip! TREND WAVE : In bearish trend (main line is yellow colour, red candle below yellow main line), possible short term pull-back but resistance at trendline.
Great set-up from BGC. Big Volume breakout at 10.30. Trendlines looking good, look to buy. Target Price at about 12.80-13.00 Exponential Moving Averages upward cross. Fundamentals looking solid.
BIG Camera seems to have been through it's worst. Online sales seems to be doing much better, although site traffic is still in a downtrend. Now awaiting reopening of tourism which has a lot of pent up demand, while the camera boom 5 years ago seems to have completed its product shelf-life. Granted smartphone sales has taken a lot of the digital camera market, but...
TKT was firstly shown as uptrend in early 2021 which approx 6months accumulation breakout and now 40% higher. However, the big white with 1-year volume float is a significant sign of strong uptrend.
Accumulation phase starts in April2020 to Nov2020, a big gap up with 1-year volume float confirms the beginning of uptrend in Nov2020 and later breakout. 1st buy at 24.00 in Nov 2020 ***which actually published the idea on 02Dec2020 on previous post. 2nd buy at 31.00 in Feb 2021 (failed to match position in 2nd accumulation phase)
One year forms a triangle and have breakout which enter position at 35.50, and stoploss at 33.50.
Resistance at 123.50 Support at 109.50 Big momentum today after earnings report, I expect a small pullback in the days to come, which could serve as an entry point, before moving on up. Gross margins sitting at 20% which is quite attractive.