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Waveanalyses

Adobe: Knock Knock ✊Since the low on January 5, the ADBE stock have rallied and is currently attempting to break through resistance at $635.05. We expect the price to clearly surpass this level as part of the magenta-colored five-part wave, which will provide further upward momentum At the end of the movement is the high of the higher wave (C) in green. However, please also note our 33% probable alternative, which is the low of the magenta-colored wave alt. (2) would initially shift slightly lower.
NASDAQ:ADBELong
by MarketIntel
Cloudflare: Downhill 🏂In the chart of Cloudflare, the last high should have set the top of the orange-colored wave b, which we count as a sub-wave of the larger (ii) in blue. Accordingly, we expect another setback to below the support at $75.50, where the reversal should finally be initiated in the blue Target Zone (coordinates: $67.96 - $57.11). Prices within this range can be used to enter long positions. Only a significant breach of the resistance at $86.91 would convince us that the price will rise imminently with wave alt. (i) in blue. This option is 33% likely.
NYSE:NETShort
by MarketIntel
1
Tencent: Turn around! 🔄Tencent remains in our magenta-colored (long) Target Zone, which extends from HK$302.60 on the upper edge to HK$237.40 on the lower edge. It is still our primary assumption that the stock will establish another marginally lower low within this price range. Once the wave (2) in magenta has been completed, we expect the price to rise above the resistance at HK$416.60. At this point, however, it should be noted once again that the (minimum) requirements for the wave (2) correction, which the stock has been dealing with for almost a year now, were met with the approach of the Zone - as a result, a direct breakout to the upside would be quite conceivable from a technical point of view. Until then, the Target Zone continues to offer the opportunity to position oneself on the long side.
HKEX:700Long
by MarketIntel
1
Hedera: Almost done 😮‍💨Hedera continued to fall in the last week before a bullish counter-reaction occurred. According to our primary expectation, the price still has some room to the downside, but it should not be far to the low of the green wave 2. Once the low is established, a turnaround and a rise above the resistance at $0.10 is on the cards. Only the 33% probable alternative would entail further imminent declines. It would push the low of the magenta-coloured wave alt. (2) below the support at $0.03.
BINANCE:HBARUSDLong
by MarketIntel
1
Meituan: Turning Point ⤴️Meituan's price is still trading at the lower end of the magenta Target Zone between HK$96.90 and HK$64. Our primary assumption remains that the stock is already working on the wave 1 rises in turquoise - and that it should soon leave the resistance at HK$103.50 well behind it. However, we must continue to weight the option with a 35% probability that the stock will still undercut our Target Zone in order to complete the correction only below the low of wave alt. (2) in green.
HKEX:3690Long
by MarketIntel
CCJ reached important macro-resistance zonePrice has reached an important macro resistance zone: 39.40-45.91-48, that coincides with 0.618% extension of wave I (2000 low - 2007 top time span) from wave II bottom (2020 lows). Monthly view This 0.618% extension aligns with standard 2.00% resistance of the fifth wave - wave (5) - of first impulsive structure (wave (1)-(5)) that started in March 2020. If price stays bellow the top boarder of the resistance zone (48), the structure is prone to the start of the possible multi-year correction to support zone: 20-12. I price will be able to move confidently above 48 and close above it on volume support for several session, than the proposed price structure needs to be revised. Next resistance zone in that case is close to 76-80 area. Breaking bellow 21ema with volume increase could be confirmation sign for the larger correction starting. This levels could be used by any shorts with 21 ema or prior (Feb 2021) left side pick at 44.81 as a covering guide (with resonable 2-3% latitude). Thank you for your attention!
NYSE:CCJShort
by artemfedorov
HSI: Already finished? 👀The HSI has risen sharply since Monday. Nevertheless, we continue to believe that the index is still working on a magenta-colored downward structure and is therefore not yet finished with its correction. Only after this five-part wave, and thus the turquoise-colored wave 3, has come to an end should things pick up a good bit - even if there is still further downside on a Long-term level. However, there is also a 33% probable alternative, which envisages a sustained rise and considers the past low to be the low of the green wave alt.(2). This scenario comes into effect if the resistance at 18 846 points is exceeded.
HKEX:HSI1!Short
by MarketIntel
Altria: Next Try 🔜As envisaged by our primary scenario, Altria shares made another attempt last week to finally break through the support level of $40.35 to the downside. It has been moving sideways along this level since Thursday. We expect a downward resolution of this sideways movement soon, as we expect the low of the expanding wave (b) in magenta to be in the same color Target Zone between $38.52 and $37.39. Long positions can still be taken within the Zone; those wishing to hedge here in the sense of sensible risk management could do so, for example, with a stop loss 1% below the lower edge of the Target Zone.
NYSE:MOLong
by MarketIntel
Green Thumb: Over the hurdle 🚧The price of Green Thumb continued to work on establishing itself above the resistance at C$16.15 last week. Although it briefly fell back to the mark, it quickly reacted and turned upwards again. We expect the magenta-colored wave (iii), which the share is currently working on, to extend a good deal further upwards. This should be followed by a countermovement, which, however, is likely to be replaced by renewed gains at a considerable distance from the mark, which should lead to the high of turquoise wave 1.
CSE:GTIILong
by MarketIntel
1
IOT: Next true market leader? Company possess good internal qualities to qualify for TML (true market leader) characteristics and to be among performing stocks in new bull market (if we see one in coming year(s)). Among these qualities are: 1. Increasing triple digit earnings growth last two quarters in a row; 2. Consistent double digit sales growth 4 qrt in a row; 3. Analyst covering the coming are expecting it to become profitable from 2024, thus good rising eps targets; 4. Number of institutional sponsorship is increasing 4 qrt in a row; 5. Management owns 5% of the company; 6. Company is in top group and sector (IBD ranking). Chart is also showing signs of institutional accumulation is under the hood with strong weekly closes on volume pick up. Structurally speaking, we may see first impulsive wave structure - waves (1)-(5) - with double bottom corrective structure - wave (2) - are in place. In this structure holds true, price needs to stay above local Jan low and move confidently to next mid-term resistance zone of 41-48. Clearing 48 border will open the door for the path of least resistance towards next macro targets: 78-108, 130-176 and 213-290 areas. Wishing you profitable 2024 and thank you for your attention!
NYSE:IOTLong
by artemfedorov
Cronos: Not Far Now! 🏁👣CRO continued its descent last week, making progress in line with our primary expectation. Now, it is not far from the green Target Zone between $0.0771 and $0.0571, into which we expect the price to dip to set the low of the green wave 2. Long entries could be made within the range, with stops around 1% below the lower edge to minimize risk. Once the low is in place, a reversal should occur, and the price should rally to well above resistance at $0.1230.
COINBASE:CROUSDLong
by MarketIntel
Walmart: Almost there 🏁Over the past few trading days, the Walmart stock has continued along its path toward our magenta Target Zone (between $164.10 and $170.42), steadily recovering from the drastic sell-offs that happened in mid-November last year. Our Target Zone should now be reached soon, and we expect wave (2) to conclude there, which is why our Zone presents an opportunity to open short positions. Those who open short trades should consider the possibility (33%) of our alternative scenario, though: it calls for the dark green wave alt.(B) to head much higher, even above $173.08.
NYSE:WMTShort
by MarketIntel
DUOL: In the mid-term resistance zoneWhile I like DUOL from fundamentals and momentum leadership perspective, my interpretation of the price structure calls to be very careful to any potential sell- or trend-changing signs. 227-264 area is the zone of important resistance for the first leg of an uptrend trend, starting from May'22 lows. Until price is closing bellow 264 level, I cannot disregard the these perspective of mid-term pullback to 140-100 area, that may present exceptional opportunities to get onboard for the potential triple digits run in several years. If price move beyond 264 resistance level, suggested price structure needs to be revised. Signs of potential trend reversal would be: 1. Break bellow 8/21 ema on volume and distribution signs; 2. Break bellow 2021 top (205)*; 3. Break bellow 50d and 10w MAs on volume increase. I remain very bullish and optimistic long-term for this name. * that could trigger double-top short set-up with 205 as a covering guide
NASDAQ:DUOL
by artemfedorov
Fantom: Recovery? 🩹The Fantom price has managed to slow down its decline a little. Our primary expectation is that it should recover soon and continue its rise. After all, the magenta-colored wave (3) the coin is currently working on should continue well above the $0.65 resistance level. Only the 35% probable alternative would see a different course. It considers the upward swing that the price has made since October as merely part of the substructure of the magenta-colored wave alt. (2) and would require a drop below the support at $0.16 before this move is completed.
BINANCE:FTMUSDLong
by MarketIntel
Tesla: It's time to turn around🔄Tesla has fallen sharply in recent days and has now reached more or less the levels at which we expect the low of the blue wave (ii). Accordingly, our primary expectation is that the price will soon reverse and continue to rise - we expect it to rise above the $258.74 mark. Only the 35% probable alternative would shift this reversal into the future. This scenario comes into effect on a drop below $193.81 and still sees the price in the magenta wave alt. (ii).
NASDAQ:TSLALong
by MarketIntel
Bitcoin: Close Call 🤏Because of Friday’s sharp sell-off, we now consider it to be 45% likely that Bitcoin will reach our turquoise Target Zone between $40 323 and $35 374, after all, to establish the low of wave alt. (iv) in turquoise. For this alternative scenario, the support at $41 445 acts as a validation mark, which means that if the price slips significantly below this mark, we would make this scenario the new primary expectation. In this case, the Target Zone described can be used to build up (further long) positions. However, the price remains above the support level of $41 445 – and our primary expectation remains unchanged. In this scenario, we see Bitcoin imminently generating momentum to the upside again to drive the wave (v) in turquoise – which is already underway in this scenario - further north and thus ultimately bring the higher-level wave 3 in green to a close.
BINANCE:BTCUSDLong
by MarketIntel
Gold: Recovery? ❤️‍🩹Since yesterday, gold has been moving slightly higher. We're therefore one step closer to fulfilling our primary expectations. We still expect the price of the precious metal to rise further in the course of the turquoise wave B, and the upcoming high should be well above the 4th December high. However, it could also be that the price has already placed the high. This alternative scenario comes into play if the price falls below the support level of $1935 and has a probability of 40%.
COMEX:GC1!Long
by MarketIntel
S&P500: On the hunt for an all-time high 🏹The S&P is currently pushing back towards a new all-time high in small steps. In the yellow sub-structure of the superordinate wave (i) in turquoise, we see the index continuing to rise. If the top could then be formed in this movement, we expect a wave (ii) correction. On the other hand, a different count would prevail if the price slips below the support at 4548 points, which we consider 38% likely. At present, we still lack the momentum on the upside to make this alternative irrelevant.
CME_MINI:ES1!Long
by MarketIntel
Natgas: Dive in! 💦With its recent high, the Natgas price should have established the high of the blue wave (iii) and is now in an intermediate correction of the blue wave (iv). We have already drawn a target zone between $3.02 and $2.90 where the price should now dip deeper and reverse. Following the low of this move, it should then go beyond $4 again before the magenta wave iv is completed. However, there is also a 25% probable alternative, which already places the price in the last leg of the white wave alt. (c). In this context, the price would fall below the support level at $2.23.
NYMEX:NG1!Long
by MarketIntel
Siemens Healthineers: Not yet done ☝️Siemens Healthineers took a step south at the beginning of the year, but has since almost made up for this setback on the upside. Nevertheless, we have drawn up a new alternative scenario with a 30% probability on the chart, according to which the current rise would already be completed with the last high in the form of the magenta-colored wave alt.(X). Accordingly, the price would fall below the support level of €45.51 earlier and consequently into our turquoise-colored Target Zone between €40.32 and €36.13. As part of our primary scenario, however, we give the stock a little more room on the upside - namely until just above the resistance at €53.98 - in order to underpin the top of the regular magenta-colored wave (x). Only then should it dive into the turquoise Target Zone.
XETR:SHL
by MarketIntel