Just having fun with elliot wave, gann fan and fib retracement. HODL.
VIX is due to spike from the downward wedge, similar to how three downward wedges with spikes occurred after 2008 housing market crash. Russian hacking mentioned more often, inflation mentioned more often, the art of speculating responsibly with stocks has come to an end, US 10T going over 2% soon, China trade war, China & Russia digital currencies gunning for...
I am predicting a strong ER based on my DD. Most owners in the past year own ISR at $1.73 and the RSI is at 35 (not shown in graph). The downward bearish wedge is finally meeting support which will reverse trend quickly as $0.80 has been tested 3 times recently and held strong as a floor. I've forecasted the SP over the next 30 days with ghost candles.
AMC reversed its negative trend and started an upward moving channel 2/10. Without a -10% decline today SSR does NOT apply, so expecting heavy manipulation from short selling hedge funds creating some downward pressure. Despite this, there was an occurance of the same bearish indicator that happened a day (17 bars) before the short squeeze earlier this month....
Historic Drop will retrace to $172 as price of gold continues to rise.
Please comment with your critiques and/or tips and let me know what you think of my analysis. Thank you.
I see Gold bouncing off of strong support especially once stimulus is announced hopefully by end of week (12/19). Laid a Fib Fan at recent dip and a resistance and support line to identify potential break out points.
Believe that we'll see some tough resistance Monday and will see a drop. Finding support during a stimulus deprived and depressed market isn't that promising. I can see many support levels falling out due to this, especially if stock experiences a low volume day. Stimulus talks will not begin again until Tuesday and will likely not come to a deal the first day...
The vaccine is not a quick fix to the Covid-19 Pandemic. It will require significant TESTING and THERAPIES coupled with a vaccine roll out due to the many OBSTACLES on the path to herd immunity (70% Population). OPKO has the largest contracts with government, NBA, NFL etc... To support our economy at the very minimum it will require people having access to...