Moshkelgosha

Moshkelgosha Updated 

We are going to have a correction, the question is how deep it could be? After 83% gain in 114 trading days, correction shouldn’t be surprising. So far, we experience a 10% correction which could be half of the way! In the best case scenario we will experience sideways till November!

Moshkelgosha

Microsoft is at the support zone and if it is closed below 200, things could get worse! Currently, it is trying to hold the 100 days SMA!

Moshkelgosha

After penetrating the trend line and closing below the 50 days SMA, the most important support levels are 246 & 223.

Moshkelgosha

Old school double top, penetration of EMA 50 and the support level makes it easy for Netflix to Sink at least another 10% to its 200 SMA.

Moshkelgosha

Apple is penetrating its previous lows and the EMA 50 at the very same day! Closing below 110, makes it sinking to 100-95 to fill its gap. Watch it for today’s close!

Moshkelgosha Updated 

In the last 6 months, anytime GE reached to this level, experienced a bounce back of 40,50, and 18% !

Moshkelgosha

Those who talks about the next big move of Bitcoin to 100 Thousand US dollar 💵 based on the analysis of its previous major moves, could be technically right. But this scenario has another bitter half that no one talks about. Bitcoin has had 2 major bullish trend so far with 51000% and 11700% increase in in its price! But interestingly, both of them followed by a...

Moshkelgosha

Bearish candles at resistance, 12% correction in the next 2-4 weeks!

Moshkelgosha

In the last 3 three correction, you see 34-43% Price correction!

Moshkelgosha

In the last 10 year, Amazon had 5 major correction between 30-36% each time! It is highly likely that it happens once again and price drop below 2500!

Moshkelgosha

This had happened at least 5 times in the last 10 years! It could take Apple to 90 or even lower!

Moshkelgosha

It is really obvious that after any bullish rally you see a 50% correction followed by consolidation pattern! It has happened 3 times at least and we are at the beginning of the 4th one! Previous consolidation patterns last between 18-23 months, be aware of that!

Moshkelgosha Updated 

WHENEVER I FOUND STOCKS WHICH COULD BE DOUBLED IN PRICE IN A YEAR OR SO, I USUALLY CHECK THEIR FUNDAMENTALS. JUST LOOK AT THE ESTIMATION OF THIS COMPANY FOR 2020, AND SEE HOW MODEST IT IS: - 2019 Gold production: 354,405 ounces (AISC of $888 per ounce of gold sold) - 2020 Gold production guidance: 325,000 to 365,000 ounces - 2020 Estimated free cash flow1: $100...

Moshkelgosha

In 2020, we see sharp 🐻 trends followed by consolidation and then another sharp downturn. We have to wait and see in which way it is going to break the consolidation pattern.

Moshkelgosha

Typical double top pattern + Breaking the up trend + close below 50 days SMA

Moshkelgosha

Typical lower high& lower low pattern + Breaking the up trend

Moshkelgosha

Typical lower high& lower low pattern + Breaking the up trend + close below 50 days SMA

Moshkelgosha

In the lest side you can see the logarithmic chart and in the right side you can see the linear chart! I believe I order to have a better technical analysis, we should look at the logarithmic chart! In this case you can see that between Nov 2012 to Feb 2014, Tesla jumped almost 1000%. Then you can compare it with 1400% bullish rally in the last 14 months easily!