COVID-19 Wave 2 onset and ongoing... SG, MY, ID and CNAs posted weeks to months ago, it is becoming clearer than daylight that Wave 2 is upon us in 2021.
As described previously, the CONFIRMNED charts here have a peciliarity... that the MACD histograms hint of the trend months ahead in advance.
As observable, Singapore is currently maanging pretty well, but is heading towards a Wave 2 slowly and surely. The trend is telling us that for the past 16 weeks (4 months) already!!!
SG's neighbours Indonesia (lower left) and Malaysia (lower right) have been having trouble keeping the lid on it... with Indonesia experiencing Wave 1.2, and Malaysia in a massive Wave 2.
China, top right, had a similar build up to SG and is pretty much in a mild Wave 2 currently.
Clearly, showing the path of what to expect as Singapore is heading down the same road. 16 weeks of notice, and nothing solid is being done to stop the wave from reaching. At this rate, by about Chinese New Year, SG should be in Wave 2 proper.
In any case, pretty much the whole world is sinking into Wave 2 already...
Contrary to the main belief, the vaccine availability, intended to slow down the spread, may actually allow expectations to rise, and a false sense of security to set in... this is where the virus will be taking advantage, as it creates variants, and penetrates through populations
So there... INCOMING!
Vaccine
DXY (Dollar Strength Index) BearishThis fake-out was created because of the COVID Vaccin new of the company Moderna. On 26th of January there will be huge vaccin news from the biggest pharmaceutical company: Johnson & Johnson. Expect DXY to fall until the 26th and then gain some on that day and the days after!
NVAX over 133.62Novavax is forming a nice wedge here and may get a boost from positive COVID-19 vaccine test results. This likely means a big move will happen outside market hours. But tightening price action here implies some continuation once the news comes.
"Novavax: COVID-19 Trial Underway In The U.S., Results From The U.K. On Tap"
seekingalpha.com
MRNA IS it finding its place?Looking back to July, the falling wedge bullish pattern was confirmed where we see a rebound near the previous July and May low, keep in mind: Support 0 level IDENTIFIED (as in lowest rectangle area)
When MRNA Breaks previous MAY&JULY high in December/Novemeber, strong volume indicates buyers are in control,
Keep in mind: Support 1 level IDENTIFIED
Buyers took control but not for long; was this impulsive move?
Sellers IS in UPPERHAND right now, switfly defeated most fib retracement level, the break downward seems inevitable,
BUT, let's see if MRNA will be able to hold 0.382, if not I will see it at 0.236
On the indicators: MACD shows no sign of reversal so far, RSI entering weakness zone
Fundamentally, MRNA has potential, but it will be a tumulutous ride, hold my beer if you are IN!
MRNA Moderna Hello receive a cordial greeting, and a thriving 2021 our wishes are that 2021 will be a fantastic year in all aspects for all people.
We believe that this action has a great bullish journey based on Technical and Fundamental Analysis
In the short term adjust your stops as it remains in a bearish structure, butv for the medium term has good bullish goals.
Greetings and best wishes for 2021 L.E.D
In Spain as of 12/31/2020
Random Pick of The Week | $AKBA BioTechWelcome to the first "Random Pick of The Week", where I will randomly select a ticker to chart based on comments posted below or sent via direct message.
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Todays's Pick: AKBA / Akebia Therapeutics Inc.
Looking at the great scheme of things, we can see that AKBA has been in a steady downtrend for the last 5 years with only a few points of high demand. We've seen some massive leaps throughout the last 5 years, which is as expected knowing that we are trading biotech.
We look like we will sit in a wedge up toward the start of 2021, leaving us with sideways movement (-+8%) until. We look for a breakout and retest of this wedge if bulls have any hope of any run into the New Years'. If we break out, we have $3.95 set as a short-term target and $7 as our long-term. We must watch $2.75/$2.70 as our weekly support, if lost look to short toward $2.10/.20.
FYI: Ignore the green box, it decided to change angles last second.
DCJ | Happy Holidays
MRNA looking for support @ 109We could see a swing back to December Highs With pending FDA approval and a hot market we can see MRNA swing back to the upside. With almost double the average volume traded on December 27th and large institutional stakes in the company Moderna is set to explode in the next few weeks.
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Can Las Vegas Sands Climb a Wall of Worry?Las Vegas Sands jumped on November 9 when news of Pfizer’s vaccine hit. It’s consolidated since, and is now showing some potential signs of continuing higher.
The first pattern on LVS is its gap above the previous high around $56. The shares have held their ground above those old highs, suggesting it’s found support above old resistance.
Next is the higher low in the last three sessions. That’s resulted in a basing pattern above the old resistance.
Third, you have yesterday’s bullish outside day.
Finally, the 50-day simple moving average (SMA) recently rose through the 200-day SMA – a golden cross. (This chart also features our MA Speed custom script.)
LVS hasn’t shown much of a turn yet fundamentally, but there is a path toward improvement. First the U.S. vaccine. Then the potential for the Chinese New Year on February 12 to revive visits to Macau. Stocks in the position of LVS have the potential to “climb a wall of worry.” Some of the chart patterns cited here might suggest that the turn is coming.
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GBP AUD - brexit boost or slump?Hello traders and analysts,
Here is our Daily timeframe scenario -
With the strong Aussie position against the USD - we can see into 2021 - the aussie maintaining the strength.
However - the fundamentals can show a good brexit outcome will advance the GBP back to 1.84 zone
In the meantime the monthly shows the monthly zone between 1.67 - 1.62 for the GBP AUD so keep in mind this can be a long term point of overall bearish bias. But if price shows us on the weekly within the green zone - break or bounce (so far bonce) - await the weekly close to determine an entry point on the higher time fame.
all the best,
Team Lupa.
7 day scare windowThe vaccine stocks didn't explode this week as some of us holding the stocks were hoping for. Either the news was priced in for some stocks, or (as I believe is the case for TMO), it needs another catalyst to really jump back into its bullish channel (green channel -- which has a possible target of 530 - 560!)
I have updated the cycles for TMO and think it sits a bit better in the updated cycle analysis. TMO is in a tight wedge at the moment, but today or tomorrow should give some indication which side it will break towards.
7 Days Risky Window
I hate to say it, but I am seeing this window with a number of stocks since over a month. Seeing now that indexes are over-extended and are just hanging on the stimulus news, I see a potential for a dip over the coming 7 days. The red arrows track this risk. This is only for the near term, as I see TMO bouncing off the 100MA and moving back up as vaccine news and earnings reports near towards January.
Good luck!
DOW Trading Under ATH | New Years WedgeAfter seeing the DOW hit ATH last week, it looks like it could continue sideways for the next week or so as we approach the holiday season.
I'm watching $29,820 as weekly support and $29568 as Monthly support. Looking toward the upside, we've tested the $30,325 range as ATH twice in the last week, confirming it as a strong level of resistance. I'll be watching this wedge moving into the week as we watch for a breakout.
As the vaccine is distributed nationally and globally, we could aim to expect a continuation up that is unless we see negative news about this pandemic or vaccine. We also need to remember that Biden will be making his transition into the White House on January 20th, 2021.
God Bless America
SILVER Will Go Down. Short!
SILVER is trading below the resistance line
And is displaying bearish characteristics
Mainly on the positive fundamental news
Of the vaccine being ready for deployment
Thus negating the need for a safe haven
Which Gold and Silver both are
Therefore short aiming to reach the support below
Short!
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