SQQQ in need to a serious correction, after moving close to 40% since around the beginning of September. Completed wave 5, showing signs of beginning A wave down towards the end of today. If MACD can get create some positive divergence, maybe can see some good entry points around 23 (these are just my ideas, please trade at your own risk). Copyright Rohan Karunaratne 2020
AMD consolidation at low of wave C down around 74. Looking for target of 82, could potentially reach higher, and retest resistance. Copyright Rohan Karunaratne 2020.
Beyond Meat to 165, over reaction correction on downgrades from some firms, completes wave 4 down, looking for wave 5 to around 165. Copyright Rohan Karunaratne 2020
Tik Tok and Oracle deal not officially approved by Trump yet. Government overall concerned that Oracle only wants a partial ownership (20% I think), and is not outright buying all the software like Microsoft had planned to do. Bytedance will still be majority shareholder, overall this deal could fall apart quickly, so be careful with overall share prices severely...
Good Day for TSLA, while Nasdaq down 200 points, TSLA still in the green up 3%. Good hold above 61.8 Fibb Level, weekend and Monday should see some more catalysts, 1 day before Battery Day. Copyright Rohan Karunaratne 2020
Failing MACD and RSI as Penn made higher highs over the past week. Rejection off 1.61 Fibb extension from 1-2 Wave marks end of B wave, C wave down to 66 or below in the coming weeks. Copyright Rohan Karunaratne 2020
JNUG and MACD rising after every rejection off 161. Recently have had another retest of the resistance line, and have successfully broken, and maintained above the 38.2 Fibb Level. Should this hold, potential breakout in gold on the way. Alt is gold falling below the 38.2 Fibb level, and going to retest the support lows. Copyright Rohan Karunaratne.
Curling of MACD and 3 times rejected from 50 Fibb Level. Battery Day news catalyst approaching 9/22, potential momentum play. Copyright Rohan Karunaratne
Twice rejected off 38.2 Fibb Level with higher MACD at every low, looking for retest of resistance level, and potential breakdown. Copyright Rohan Karunaratne
TQQQ Long to 150, expected within 2-3 weeks. Copyright Rohan Karunaratne