AboveTheLine

AboveTheLine Updated 

Apple’s recent surge may be stalling. On the 4H chart (shown), the candles are beginning to reject resistance and rolling over from the highs around $213. I believe we are entering a short-term downward phase, with price likely to revisit the $205 area before any meaningful bounce. MACD has just turned positive on the daily — but the weak histogram suggests the...

AboveTheLine

CGX has been respecting its rising support since late April, breaking through $10 on strong volume. Indicators are moderately bullish, but momentum is flattening. Watch the $10.80–$11 resistance; a breakout could target $11.50–$12. Losing the trendline risks a drop to $9.80. Not financial advice — just sharing the setup!

AboveTheLine Updated 

On the 4-hour timeframe, CGX has recently broken below a key trendline that originated in late November, signaling potential weakness ahead. Here’s the detailed analysis: 1. Overbought Conditions: The RSI has climbed above 80, indicating overbought levels that often precede price corrections. This aligns with a bearish divergence seen in the MACD, which is...

AboveTheLine

📉 Overview: Since early November, FSZ (Fiera Capital Corp.) has been in a clear downtrend, forming lower highs and lower lows. However, recent price action indicates consolidation near the $8.50 support level, forming a symmetrical triangle pattern on the 4-hour chart. This could signal a potential trend reversal. Key Observations: 1. Symmetrical Triangle...

AboveTheLine

In this updated chart, I’m highlighting what appears to be a macro 5-wave structure based on Elliott Wave Theory: Here’s the breakdown: 1. Wave 1 starts from a low point and pushes up strongly, initiating the trend. 2. Wave 2 corrects back but does not fully retrace Wave 1, maintaining the overall upward trend. 3. Wave 3 is a powerful impulsive wave that...