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MOTHERSON – Strong Setup After 50% Correction A Portfolio-Worth🚘 MOTHERSON – Strong Setup After 50% Correction | A Portfolio-Worthy Opportunity 🧭 Stock Overview & Why It Caught My Eye Samvardhana Motherson International Ltd (commonly known as MOTHERSON) is one of the most consistent performers in the auto components sector — a stock that truly deserves a place in any serious portfolio. 🔹 The stock has undergone a ~50% correction from its all-time high, offering value. 🔹 Price recently tapped a key Monthly POI (Point of Interest) — a zone known for high institutional activity. 🔹 It formed a Higher High on the daily timeframe, confirming early trend reversal signs. 🔹 For the last 9 trading sessions, price has been consolidating between ₹131.40 and ₹139.50, preparing for a potential breakout. 🔍 Technical Rationale Monthly POI + Consolidation is a powerful combination. The recent Higher High structure indicates strength. A breakout above ₹140.40 could trigger fresh bullish momentum. Stop-Loss is tightly defined just below the consolidation range, giving a favorable risk-reward setup. 🧠 What Makes This Setup Special? Smart Money Activity Likely – Price tapped a long-term POI and started building a base. Volatility Shakeout Done – The consolidation likely cleared weak hands. Now Setup is Cleaner – A breakout now would signal trend continuation. 🎯 Trade Setup & Plan Trade Element Level/Range Entry Zone On breakout above ₹140.40 Stop-Loss ₹130.60 (below consolidation low) Target 1 ₹151 Target 2 ₹160 Target 3 ₹170++ (longer term projection) ⚠️ Note: Around the ₹161.80 zone, price may again consolidate or pull back. We’ll reassess trade management near that level. 🗣️ Final Thoughts & Notes Missed the ₹120–₹118 zone entry due to market volatility — but the opportunity is still alive. The current structure gives a fresh chance to ride the next wave if the breakout confirms. This is a textbook breakout setup from value zone + clean structure + well-defined stop-loss. 📢 Don’t Miss Out! ✅ Follow me to stay ahead of the market with real-time trade ideas. 👍 Drop a like if you found this useful & comment your view or analysis! 💬 Let’s discuss in the comment section — see you there! 🚀📊 🙏 Thanks for your continued support. Let's grow together, one trade at a time!
NSE:MOTHERSONLong
by PRATHAPSIMHA
$NFLX : Monthly Elliott Wave + Fibonacci RoadmapPublished by Wavervanir_International_LLC | May 7, 2025 Netflix appears to be completing a major Wave (3) cycle at the 1.0 Fib extension level (~$1,159), following textbook Elliott Wave structure with deep retracements and strong impulsive legs. 🔍 Technical Breakdown: Wave (1) topped near the 0.618 Fib level at ~$770. Wave (2) retraced deep, bottoming just above $178 (78.6%+ retracement). Wave (3) extended aggressively, now stalling near Fib confluence zones around 1.0–1.236 levels (~$1,159–$1,244). ⚠️ What’s Next? A corrective Wave (4) could now be in play, with downside risk toward the $700–$750 zone. This area aligns with the previous Wave (1) top and a 0.382–0.5 retracement of Wave (3), which is typical for Wave (4) pullbacks. 🚀 If this structure holds, Wave (5) targets extend to $1,400–$1,540, matching the 1.618–2.0 Fib extension zones, completing a long-term impulsive cycle. 🧠 Strategic Outlook: Buy Zone: $700–$750 (Wave 4 opportunity) Target Zone: $1,400+ (Wave 5 expansion) Invalidation: Break below $622 or breach of Wave (1) top on weekly close 📊 This is a macro thesis built on momentum, structural symmetry, and Fibonacci precision. Not financial advice—use proper risk management. #NFLX #ElliottWave #Fibonacci #TechnicalAnalysis #Wavervanir #TradingView #SwingTrading #GrowthStocks #LongTermInvesting
NASDAQ:NFLX
by Wavervanir_International_LLC
TSMC: The Silent Giant Leading the AI RevolutionBy Ion Jauregui – Analyst at ActivTrades Taiwan Semiconductor Manufacturing Company (TSMC) has become the heart of today’s technological revolution. In a world where artificial intelligence (AI) sets the pace for economic and geopolitical development, this Taiwanese company plays a key role as the dominant manufacturer of advanced chips. In an environment marked by trade tensions, currency fluctuations, and regulatory pressure, TSMC demonstrates exceptional strength, positioning it as one of the most strategic companies on the planet. During the first quarter of 2025, TSMC reported revenues of $18.865 billion, representing a 16.5% year-on-year increase, and a net profit of $7.22 billion. Its gross margin reached 53.1%, while earnings per share stood at $2.12, beating market expectations. This performance reflects not only flawless execution but also strong demand in key sectors such as high-performance computing (HPC), mobile devices, and above all, applications linked to artificial intelligence. The boom in generative AI has driven up the need for advanced chips with massive processing capabilities. Companies like Nvidia, AMD, and Apple rely on TSMC for the production of the most sophisticated semiconductors, manufactured using 3nm processes and, soon, 2nm. According to the company’s own statements, revenue from AI accelerators is expected to double in 2025 compared to the previous year, confirming its central role in this new digital era. TSMC leads not only in technology but also in scale and efficiency. With over 50% of the global chip foundry market, the company has maintained EBITDA margins above 65%, a cash position exceeding $60 billion, and a highly competitive cost structure. Its “pure foundry” business model, which avoids competing with its clients in chip design, has made it an irreplaceable strategic partner. Its expansion plans include new facilities in the U.S. and Japan, with a global investment of over $100 billion aimed at strengthening its production capacity outside Taiwan. This strategy responds both to the national security demands of developed countries and to the growing fragmentation of the global supply chain. On the currency front, amid escalating trade tensions and a highly volatile exchange rate environment, the Taiwanese dollar (TWD) has posted its largest advance since 1988, appreciating more than 10% against the U.S. dollar (USD) over the past month. This rally has coincided with growing speculation over a potential trade agreement between Taiwan and the U.S., as well as a pullback in the dollar driven by macroeconomic uncertainty and more aggressive tariff policies from Donald Trump. This poses a risk to the company’s operating margins. TSMC has acknowledged that each 1% strengthening of the TWD can negatively impact its margins by 0.4%. However, the strong growth in demand and its ability to pass on part of the costs to customers help mitigate this effect. Technical Analysis (TSM.US) Looking at the company’s stock price, since Monday, April 7, it has been recovering toward the mid-point of the bell curve at $172.23, the closing price from the previous session. Its January highs act as resistance, creating a range between the highs at $222.66 and the support at $132.32. The RSI is slightly imbalanced at 58.84%. Currently, the moving average crossover has expanded upward, with the 50-day average crossing above the 100-day average, although the 200-day average remains above both. It is possible that we may soon see a bullish move aiming to surpass $196 as a first step toward new highs. With a still reasonable valuation compared to other tech giants, TSMC represents a strategic investment opportunity at the epicenter of the digital transformation. Its technological leadership, financial strength, and geopolitical role make it a fundamental piece of the new global technological order. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
NYSE:TSMLong
by ActivTrades
Eli Lilly (LLY) Shares Fall Over 15% in MayEli Lilly (LLY) Shares Fall Over 15% in May The share price of Eli Lilly and Company (LLY), the world’s largest pharmaceutical company, has seen a sharp shift in market sentiment: → From its April low to high, LLY shares rose by over 30%; → However, since the start of May, the LLY stock price has dropped more than 15% — the closing price on the last trading day of April was around $895, while today the share is trading near $775. Why Are Eli Lilly (LLY) Shares Falling? The decline can be attributed to three key factors: 1→ Q1 Earnings Report: Although the company reported earnings per share above expectations ($3.34 vs $3.25), investors may have been concerned by significantly higher spending on research and development. 2→ Competitor Partnership: CVS Health’s announcement that it will offer Novo Nordisk’s Wegovy instead of Lilly’s Zepbound added further pressure to LLY shares. 3→ Sector Sentiment: Broader biotech sentiment turned negative following reports that the Trump administration is considering a pricing model that would cap drug prices based on lower rates in other countries. The media is also discussing upcoming decisions from Vinay Prasad, the new head of the FDA division overseeing vaccines and gene therapy. Technical Analysis: Eli Lilly (LLY) Share Chart Key price movements (marked on the chart) justify the formation of a downward channel. On the one hand, bearish sentiment may intensify in light of recent developments. The median line of the channel could act as resistance to any upward movement. On the other hand, bulls may find support around the $765 level — a former resistance point and the boundary between two price gaps. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:LLY
by FXOpen
What Is Random Walk Theory and Its Implications in Trading? What Is Random Walk Theory and Its Implications in Trading? Random walk theory argues that market prices move erratic, making it difficult to analyse past data for an advantage. It suggests that technical and fundamental analysis provide little to no edge, as prices instantly reflect all available information. While some traders embrace this idea, others challenge it. This article explores the theory, its implications, criticisms, and what it means for traders navigating financial markets. What Is Random Walk Theory? Random walk theory reflects the idea that financial markets move erratic, making it impossible to analyse past price data for an advantage. The theory argues that price changes are random and independent, meaning past movements don’t influence future direction. This challenges both technical and fundamental analysis, arguing traders who attempt to time the market are essentially guessing. The concept was first introduced by Maurice Kendall in 1953, who found no meaningful patterns in stock prices. Later, Burton Malkiel popularised it in A Random Walk Down Wall Street (1973), arguing that a blindfolded monkey throwing darts at a stock list would perform as well as professional traders. The underlying principle is that markets are efficient, instantly reflecting all available information. The theory states that prices truly follow a random path, so a trader analysing charts or company reports has no statistical edge. It’s like flipping a coin—the next move is unrelated to the last. This has major implications: active trading strategies become questionable, and passive investing (e.g., index funds) may be a more logical approach. However, while randomness can explain short-term price movements, longer-term trends still emerge. Factors like liquidity, institutional flows, and investor psychology create periods where price action deviates from pure randomness. This is where the debate arises—are markets entirely random, or do trends exist that skilled traders can take advantage of? Understanding random walk theory helps frame this debate, offering insight into why some traders dismiss traditional analysis while others continue searching for patterns in price action. Theoretical Foundations and Key Assumptions The random walk hypothesis is based on mathematical models and probability, arguing that financial markets follow a stochastic process—where future price movements are independent of past trends. It builds on several key principles that shape how economists and traders view market efficiency and price behaviour. Market Efficiency and Information Absorption A core assumption of random walk models is that markets are efficient, meaning all available information is already reflected in asset prices. If new data emerges, prices adjust instantly, making it impossible to gain an edge through analysis. This aligns with the Efficient Market Hypothesis (EMH), which classifies efficiency into three forms: - Weak form: Prices already reflect past movements, rendering technical analysis ineffective. - Semi-strong form: Fundamental data (e.g., earnings reports) is priced in immediately, limiting the usefulness of research. - Strong form: Even insider information is priced in, meaning no trader has an advantage. Brownian Motion and Stochastic Processes The theory borrows from Brownian motion, a model describing random movement, often used in random walk algorithms to simulate stock price fluctuations. Prices are treated as a series of independent events, much like molecules colliding in a gas. No Clear Patterns If prices truly follow a random walk, trends and cycles do not exist in a statistically significant way. This challenges traders who attempt to use historical data to analyse future movements. Implications for Traders and Investors If random walks in trading are truly the norm, then analysing market movements using historical price data is no more effective than flipping a coin. This has significant implications for both traders and long-term investors. For traders relying on technical analysis, random walk theory presents a major problem. If price changes are independent, then tools like support and resistance, trendlines, and moving averages hold no real value. The same applies to fundamental analysis—if all available information is instantly priced in, then even detailed financial research doesn’t offer an edge. This would mean day traders and swing traders aren’t consistently able to generate higher returns than the broader market. It’s why proponents of the theory often argue that attempting to time the market is a losing battle in the long run. However, many supporters of the random walk theory advocate for passive investing, arguing that since, for example, individual stock movements are erratic, holding a diversified index fund is a more rational approach. Instead of trying to outperform the market, investors simply track it, reducing costs associated with frequent trading. Criticism and Counterarguments While random walk theory argues that market movements are independent, real-world trading data argues that markets are not entirely random. Critics point to patterns, inefficiencies, and the effectiveness of certain trading strategies as evidence that price action isn’t purely a coin flip. Market Inefficiencies Exist One of the biggest challenges to random walk theory is that markets display recurring inefficiencies. Certain price behaviours, like momentum effects, mean reversion, and seasonal trends, suggest that past movements do have an impact on future price action. For example: - Momentum strategies: Studies show that assets that have performed well over the past three to twelve months tend to continue in the same direction. If price action were purely random, these trends wouldn’t exist. - Earnings reactions: Stock prices often drift in the direction of an earnings surprise for weeks after the announcement. If markets were perfectly efficient, all adjustments would happen instantly. Real Results Random walk theory suggests that no trader can systematically outperform the market over time. Yet, some fund managers and proprietary traders have done exactly that. Warren Buffett’s long-term track record is often cited as evidence that skill, not just luck, plays a role in investing and trading. Similarly, hedge funds employing quantitative strategies have consistently generated returns, challenging the idea that price movements are entirely random. The Adaptive Markets Hypothesis A more flexible alternative is Andrew Lo’s Adaptive Markets Hypothesis, which seeks to reconcile the EMH’s claim that markets are rational and efficient with behavioural economists’ argument that markets are, in reality, irrational and inefficient. Instead of being entirely random, markets evolve based on participants’ actions, allowing patterns to emerge. While random walk theory provides a useful framework, real market behaviour often deviates from its assumptions, leaving room for traders to find potential opportunities beyond pure randomness. Practical Considerations for Traders Even if markets exhibit randomness in the short term, traders still need a structured approach to analysing price action and managing risk. While random walk theory challenges traditional methods, it doesn’t mean traders should abandon analysis altogether. Instead, it highlights the importance of probabilistic thinking, risk control, and understanding market conditions. Short-Term vs. Long-Term Price Behaviour Markets may behave randomly on a daily or weekly basis, but longer-term trends can emerge due to liquidity shifts, institutional positioning, and macroeconomic factors. Traders focusing on short-term moves often work with probabilities, using statistical models and historical tendencies to assess risk and potential trade opportunities. Risk Management in an Uncertain Market If price movements are largely unpredictable, risk control becomes even more important. Traders typically limit their exposure using stop losses, position sizing, and diversification to avoid being caught on the wrong side of market volatility. Instead of focusing on certainty, they manage the probability of different outcomes. The Role of Quantitative Strategies While traditional chart patterns may be questioned under random walk theory, quantitative and algorithmic strategies analyse large datasets to identify inefficiencies. High-frequency trading firms, for example, exploit microsecond price discrepancies that aren’t visible to the human eye. Rather than proving whether markets are fully random, traders adapt by testing, refining, and adjusting their strategies based on what works in real conditions. The most experienced traders accept uncertainty but structure their approach around probabilities and risk management. The Bottom Line Random walk theory challenges the idea that past price movements provide an edge, arguing that markets move erratically. While some traders accept this and focus on passive investing, others analyse inefficiencies to find potential opportunities. FAQ What Is the Random Walk Theory? Random walk theory suggests that asset prices move unpredictably, with past movements having no influence on future direction. It argues that markets are efficient, meaning all available information is instantly reflected in prices. This challenges the idea that traders can consistently outperform the market using technical or fundamental analysis. What Is the Meaning of the Random Walk Fallacy? Critics of the theory argue that the random walk fallacy is the mistaken belief that financial markets move in a completely random manner, disregarding factors such as fundamental analysis, technical patterns, and behavioural finance that can influence price trends. This misconception may cause traders to overlook potential opportunities for strategic analysis. What Are the Criticisms of Random Walk Theory? Critics argue that markets display patterns, inefficiencies, and behavioural biases that contradict pure randomness. Studies on momentum, mean reversion and liquidity effects show that past price movements do influence future trends. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:MSFTEducation
by FXOpen
1
“Momentum Fading or Just Getting Started? What the Chart Says AbMotorola Solutions (NYSE: MSI) recently reported strong Q1 2025 earnings on May 1, beating both revenue and EPS expectations. Despite the solid numbers, the stock has shown technical weakness, dropping sharply after earnings. This divergence between fundamental strength and technical bearishness creates a strategic window for both bullish and bearish options traders. 1. Technical Analysis Pattern Recognition After stripping away external annotations, the raw chart reveals: • Double Top Formation near the $439 area — a classic bearish reversal signal. • Sharp Breakdown post-top with significant volume. • Bear Flag forming — a potential continuation pattern that often precedes another leg down. Price Action • Current Price: ~$412 • Short-Term Trend: Bearish • Volume: Elevated during breakdown — confirms sellers in control • No Bullish Reversal Yet: Price hasn’t reclaimed any major resistance zones 3. Options Strategies (1-Month Outlook) Bearish Strategy: Put Option Play Rationale: The breakdown from a double top and potential bear flag indicate more downside is possible. • Strategy: Buy 1x MSI $410 Put • Expiration: June 21, 2025 • Premium (Est.): $8.85 • Breakeven: ~$401.15 • Risk: Limited to premium paid • Reward Potential: High if price breaks below $410 and continues to $400 or lower Best for: Traders who believe technical pressure will outweigh strong fundamentals in the short term. Bullish Strategy: Call Option Play Rationale: Despite technical weakness, the fundamentals remain solid. Earnings beat, record cash flow, and software expansion could support a rebound—especially if macro fears ease. • Strategy: Buy 1x MSI $420 Call • Expiration: June 21, 2025 • Premium (Est.): $1.54 • Breakeven: ~$421.54 • Risk: Low cost, limited to $1.54 per share • Reward Potential: High if price breaks and holds above $420 Best for: Traders who expect a bounce based on fundamental strength or oversold conditions. 4. Final Recommendation: Watch for Confirmation Given the mixed signals: • Short-term trend is bearish, but fundamentals are strong. • Look for confirmation: • If price breaks below $408, consider the put strategy. • If price reclaims and holds above $420 with volume, the call play becomes more attractive. 5. Risk Management Tips • Set stop-losses or alerts at key price levels ($408 and $420). • Don’t overleverage — especially with options. • Monitor upcoming macroeconomic headlines (inflation, tariffs, Fed decisions).
NYSE:MSI
by gng161
MARI PROBABLY IN WAVE '' C '' OF CORRECTION - SHORTThis is in continuation to our ongoing tracking of MARI. MARI is most probably in wave C of an ABC correction and since prices moved down giving confidence to our bearish wave count, we are taking a small position by short selling. Due to market volatility we will trade this setup with cautious using trailing stop loss until we reach our target. We only recommend small positions at the beginning and once prices starts to unfold in our favor we will add more to our positions on bounce backs Alternately prices can move up toward 650-660 level which is highly unlikely now but not out of question If our wave count is correct then we can make around 8.50% or 15.50% on this trade. Trade setup: Entry price: 604 Stop loss: 632 Targets: T1: 535-550 T2: 515-500 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:MARIShort
by KayJay
Cummins India Ltd – Strong Accumulation Setup | Breakout Trade ⚙️ Cummins India Ltd – Strong Accumulation Setup | Breakout Trade or Buy-on-Dip Opportunity 🔍 Stock Overview & Setup Rationale Cummins India Ltd, a leader in industrial engines and power solutions, has corrected ~40% from its all-time high and is currently forming a classic breakout setup after smart money-style liquidity grab. ✅ Key Observations: Price has tapped a major Weekly Point of Interest (POI) — indicating institutional attention. Liquidity sweep is visible on both daily and weekly charts — stop-losses have been triggered, hinting at accumulation by stronger hands. 13-day consolidation between ₹2,973 and ₹2,800 shows a clear base-building pattern. This setup gives two types of trade entries depending on market reaction. 🔁 Two Trade Scenarios – Plan Your Entry Like a Pro 🔹 Entry Type 1 – Breakout Entry (Momentum Trade) ▶️ Wait for a 15-min or 1-hr candle close above ₹2,973 🔸 This confirms breakout from the tight range and signals higher high formation Element Level Entry Breakout above ₹2,973 Stop-Loss ₹2,800 (range low) Targets ₹3,094 → ₹3,240 → ₹3,405 → ₹3,690 🔹 Entry Type 2 – Buy on Dip (Safer Risk-Reward Entry) ▶️ If the breakout fails and price pulls back to ₹2,790–₹2,715 zone, this is a strong re-entry opportunity 🔸 Price would be retesting the demand zone after fakeout/liquidity collection Element Level Entry ₹2,790–₹2,715 zone Stop-Loss ₹2,580 (recent swing low) Targets Same: ₹3,094 → ₹3,240 → ₹3,405 → ₹3,690 📈 Analysis Summary – Step-by-Step Price corrected ~40% from top and has now tapped into a strong weekly demand zone. There’s visible liquidity sweep (GRB) on both daily and weekly charts, suggesting smart money is active. Current sideways consolidation (13 days) between ₹2,973–₹2,800 indicates a base formation. A breakout above ₹2,973 could trigger new trend highs with multiple swing targets. If it pulls back to ₹2,790–₹2,715, the zone offers an ideal buy-on-dip opportunity. In both cases, well-defined stop-loss and risk-reward ratios make it a compelling trade idea. 📢 Don’t Miss Out! ✅ Follow me for more smart money-based, breakout, and swing trade ideas! 👍 Drop a like if you found this analysis helpful and comment your views or charts. 💬 Let’s discuss in the comment section — see you there! 🚀📊 🙏 Thanks for your support. Let’s trade smart and grow together!
NSE:CUMMINSINDLong
by PRATHAPSIMHA
Monster Beverage: A Rally Built on Solid Ground?Monster Beverage recently achieved a significant milestone, reaching a new record high after a multi-week rally. This ascent, surpassing its previous peak, indicates robust market confidence. While the proximity of an earnings report may have initially fueled anticipation, the sustained upward movement suggests that investors are reacting to more fundamental strengths within the company. A primary driver behind this rally is the increasingly positive sentiment from financial analysts, evidenced by multiple upward revisions to price targets. Complementing this is strong support from institutional investors, who collectively own a majority of the stock and have been actively increasing their holdings. This significant institutional accumulation provides a solid foundation and reflects conviction in Monster's future prospects. The company's operational performance, particularly the resilience and international growth of its core energy drink segment, underpins investor optimism, effectively counteracting challenges in other areas like the alcohol market. Furthermore, Monster's aggressive share buyback program signals management's confidence and enhances shareholder value. These combined factors – external validation, institutional backing, operational strength, and capital returns – appear to be the key forces propelling Monster Beverage shares to new heights, despite some market headwinds.
NASDAQ:MNSTLong
by UDIS_View
PPL PROBABLY IN WAVE '' A '' OR " B " - LONGPPL is most probably in wave C of an A or B wave which is almost completed or about to get completed. our preferred wave count suggest that we should get one more leg down towards 144-140 range which will touch the long term yellow trendline and prices should bounce from there, the other possibility is that price will not go below 147 and will keep on climbing toward 173-183 range or towards the blue trendline. Alternate wave count suggest that wave C might get extended and will keep on declining reaching our long term buy zone of 124 - 106 range. So this is how we will trade this setup: Scenario 1: If 147 is not taken out and prices keep on rising then we will not take any trade because our confirmation level is 164.11 and target is 173-183 which does not give us a good risk/reward ratio Scenario 2: If prices do decline below 147 and reach 144-140 level, we will buy a small portion at that level and will wait for a bounce from the yellow trendline, if prices unfolds as predicted then we will add more to our long positions using swing trade. However, if prices keep on declining towards our long term buy zone then we will add positions at 120-110 levels. PPL has strong fundamentals therefore we are quite comfortable holding it for long term. Trade setup: Entry price: 144-140 Stop loss: We are bullish on PPL long term therefore we will hold these positions Targets: 173-183 (Ideal is upper blue trendline) If our wave count is correct then we might make 20.97% or 25.87% of gross profit on this trade Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PPLLong
by KayJay
PSO PROBABLY IN WAVE '5' or '4' - LONGPSO is most probably in wave 5 of 3rd wave which can be an ending diagonal or impulse wave. As the 3rd wave was a big extended wave, 5th wave should not extend and will not make a significant move up. Volume divergence should also appear between 3rd and 5th wave, further breakup of wave 5 of 3rd: if the count is correct then wave 1 is completed and prices will retrace back to trendline marking wave 2 and only then move forward up. Alternate count is that we are still in 4th wave, as 4th waves can be any corrective pattern it is not wise to mark them as completed until we see further confirmations. In 4th wave we are in wave B which also can be any corrective pattern. Our preferred wave count is 5th wave up which will provide a buy opportunity once price retrace back. Note: We are not trading this move because we already have MARI and POL moves at our hand which are showing more promising returns and have better fundamentals then PSO at the moment. Feel free to comment and share your thoughts if you like. Let see how this plays, Good Luck ! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PSO
by KayJay
3