Looks to be a bull pennant forming on a monthly scale. Obviously US china relations are the real problem and the possible 'delisting'. When it comes down to it $BABA has earnings next week. It could EASILY pump into the pitchfork. Assuming its not hampered by the government This is a long term growth and expect a massive elliott wave over the course of the next year.
First looks is a head and shoulders, which is always bearish. On top of that it clearly shows a five count wave, which means the next move could be flat. I think that means the CD leg is coming before the bullish pattern can continue for another wave cycle.
Appharvest seems to have completed the 5/5 down trend. It has created a nice pitchfork to help with long -term PTs. Today it reclaimed the 10day EMA, which for me is the first true sign of an uptrend. I think it will consolidated around the bottom of the pitchfork for a week or two before turning up towards the next leg of the fork. I have opened up December calls...
TPGY with an ABCD to finish off its wave 1. Then retraced down to the .786 for a wave 2 completetion. Has now finished a triple bottom consolidation right around the A leg of the ABCD which is the min expected value. Technically this is all very sound, so I have take the time to make PT on its projecting to a Wave 3 (1.618). A lot of upside on this one, but a...
FB in a micro cycle climb. Anything below the 20 EMA is no longer a backtest the elliot wave is invalidated, but 300.50-297 is a pretty strong buy zone for a potential wave 5 with an upside target of 330. I am not sure it will ever get that low, but I stick to my buy zones , so if we hit 300.50 I will add calls with a stop loss at the 20 EMA
Looking for a one year base breakout from the cup and handle. Rising energy and crude oil is expected on many different charts. I expect XLE to break above 60 before summer.
$TIGR is currently on two pattern indicators. Macro it appears to be heading towards the top of a downward channel. This would appear bullish and a break of the channel could lead to the start of a Wave 3/5 the largest wave. Alternatively there is a bear flag forming on the hourly. The downward trend of the last two months could have a 5th leg and I would project...
DTIL from an elliott wave perspective has completed wave 2. Consolidation here would be good for an enentual wave 3. The projected zones are optimistic and it could easily take longer for the stock to move that far upward. I expect resistance around each target point which could cause consolidation, but hopefully from a long standpoint the stock could hit ATH by...
I personally Like $SSYS rather than DDD or NNDM, but you could make this case and chart for most of them. The point is there are a lot of resistance bands for these stocks to over come just to even reach their previous highs. It took 3 months to finish their first wave and most third waves are longer than their first. I am targeting leap options on these stocks...
Actually looks to be viable. I actually believe oil is on a progression upwards as a macro trend. It is an indicator that can be worrisome for the overall market, but If it drops to 45.83 That is the .5 for its wave 4. Target 65 if it bounces from there. If wave 4 has completed at 47 then target 60 for Late Spring early summer
Fifth count of the pennant at localized .786. This is a tight stop loss trade for me but I think there is huge reward. Close to 40% short intertest on this stock, so a leg up could cause a huge leap. It clearly is still in an uptrend so the pennant holds. I think it looks to be a 1-2 1-2 by the chart, so I am targeted 23 buy July. Stop-loss is around 9.25 for me personally
I thin =k AEcom is about to make the final big move to complete its long wave 3. Bull pennant has formed and I think it could break upwards in the next month to hit the top of the pitchfork before retracing to a healthy wave 4.
$SHAK has grown in a picthfork over the past year. Seems to be breaking out as we get closer to a post-COVID market. I am looking for it to really climb in late April/May but there are some clear short term growth markers for weekly swing trades if it is played right.
Looks to be holding the bull flag indicator. Stop loss is at the volume support node, but since this is a reopening play I doubt that is too much of a concern. Targeting 45 before April Op-ex but could extend higher. June 18th 45calls have significant flow, so that may be the option play.
DXC took a dip before consolidation in early Feb. The recent market has had very little affect and looks to be reclaiming the three major EMAs. Formed a small pennant which it could break in the coming week. Looks like it would be on a wave 5 of 1. Safer play then trying to jump into the high volatility small caps.
Held strong through the past two weeks of correction. Still has only reclaimed half of the losses from the Covid drop last March so plenty of room to climb. IVs are super low and it looks to be reclaiming the 21 EMA this week.
GSX in 1-2, 1-2 with a bull flag. The market is still trending down, so not sure I want to play, but this could be a big jump
We have to hold 384 (the bottom of the cup) for the theory to stay. Right now I think its very possible. Follow through will be awesome if holds with a nice bull rush to finish the week.