SimplyCash

SimplyCash

Sentiment has turned positive recently as supported by the strong, bullish volume. Let's see if we can reach the 100% fib extension target by EOY - $14,400.

SimplyCash

ARKK continue to purchase commons consistently. What do they know?

SimplyCash

If the market reaction to the next earnings date scheduled for 7/28 is positive, we are looking at the next bull target for $74.24.

SimplyCash

Multi-year setup - huge breakout to confirm upside to 12k then 14k.

SimplyCash Updated 

If it holds its gains on the day's session, we are looking at a possible new uptrend to $68.

SimplyCash

After consolidation around these levels with a healthy 20% pullback, expect completion of Wave 5 to $517.

SimplyCash

Trading range is getting narrower - bulls and bears are showing indecision. Waiting for tomorrow's close for the confirmation of a possible breakout vs a breakdown.

SimplyCash Updated 

Short idea - .236 fib retracement to $28.78

SimplyCash

Impulse wave 5 is complete - will be on a corrective ABC pattern heading to FIB retracement support levels.

SimplyCash

Support seems to be around the $16.73 area. Still long. Will continue to cost average on dips.

SimplyCash

Still in a downtrend until confirmation of an uptrend. $44.49 seems to be the next swing opportunity.

SimplyCash

Keeping an eye on the biotech sector as we see the markets skip due to reactionary virus fears. The weekly may indicate a bullish wedge pattern as it the price swings converge closer and closer together. Short-term bearish. Mid to long term, bullish.

SimplyCash Updated 

Short-term bearish - the 50MA is curling downward. Should find some support at the 0.5 fib retracement level at $42.26.

SimplyCash

Originally, we had thought that this would be a breakdown in price but in reality, turned out to be a proper descending wedge. We expecting this and other competent miners to surge in price as Gold CFDs have clearly broken the $1600 resistance with conviction. Expect consolidation and onwards to $12-15.

SimplyCash Updated 

Expect more downside as we head into earnings. A break of the 1yr trend line means it goes to $160 real fast.

SimplyCash

A 30% pullback from previous highs of $28.04 takes us to the $20-$21 range. Looking to find support at these levels to set up for the final push to $35+! It followed our previous Elliott Wave impulse plan almost to a T!

SimplyCash

Looking for the BTD opportunity for those who missed out on the initial impulse wave. Closely watching for a 30% retracement to $21-22.

SimplyCash

We saw some life today. Will it recover from the death cross as we head into earnings and run up? High-risk/reward scenario. I say way undervalued and oversold. LONG