fredpui

fredpui

Gold has been struggling to get past the 1830 level clearly and in my previous post 2 weeks ago i highlighted this. Not seeing any unusual volume coming in for gold. I still hold the bearish view on gold or at least it will head to the 1750 level, which is the June 29 bottom.

fredpui

I have been watching Iluka for a while and i got it at 8.85 previously and it's been going well. It reached a high on July 30 and has been retracing and today (Aug 6) it is sitting on a support line (previously the top on June 30. Watch the volume where i have circled. Very good volume coming in. Recently rare earths stocks are doing well like LYC and PLS.

fredpui

700 is a key support/resistance for tsla so far. and it is siting betweem 700 and 720 at the moment. 720 is also important as it's 360 (full degree of a circle x 2). Let's see which way it goes .. it needs to clear well off 720 in order to be bullish. As i analysed previously, the weekly and monthly trend is still uncertain. At this stage, daily seems to be...

fredpui Updated 

Strong business like Mcdonalds has touched on MA100 and look at the price actions for the past 2 weeks, on July 19 it rallied up July 27 for 8 days, now it seems to have retraced down to 33%level (8 more days, which is equal in time). I expect to see Mcdonalds to head up higher from here. Price target 254.

fredpui Updated 

Aug 3 - seeing CSCO breaking out of 55.40 and this is a positive sign. Could be worth going long on this one ... it's sitting right above the EMA8 very bullish sign. With tech companies reporting strong recently and we could only expect CSCO to do the same .

fredpui Updated 

You might want to consider holding copper stocks now ... it is resuming its uptrend after a a month of consolidation in June/july. Good US stocks are FCX SCCO

fredpui

Fedex reached ATH on May 27 and since then it has been sidetracking and recently gapped down on Jul 27 (2 months later) and now sitting on the MA200 support. Is this a good sign ? My analysis is that, the bull run is probably for the time being and fedex could be going sideways for a while and might even break the MA200 support. Chance of it breaking is...

fredpui

On the monthly and weekly swing charts, both are not giving any clear trend. Daily seems to be going sideways at the moment. while the trend is uncertain, how can you profit from this ? You can perhaps do a OTM bear call spread or bull put spread to collect premium and let time work to your favour (theta decay). Wait for confirmed signals before taking a...

fredpui

As you can see, spx touched on the Ma50 lines 3 times around the 19/20th of May, June and July. Perhaps 4th time lucky and we will get sp touching the Ma50 line on Aug 19, or it could reach a high on Aug 19th and does corretion. 19th seems to call the turns of previous months. this is something we shall wait and see. it is healthy to see spx corrects itself...

fredpui

MT has broken out of the 34 resistance level and this is a positive going long. MT respected the MA100 line a few times before moving much higher. All steel stocks are doing well recently like CLF.

fredpui

I would say YES BUY ... here are the reasons 1) steel will benefit greatly in the housing boom 2) steel will benefit from Biden\s Infra spend in highways, railways, structures etc Nucor touched on the MA100 line and move swiftly up. Nice consistent volume on the rise. But how is it compared to MT ?

fredpui

UPS gapped down big on earnings day has been going sideways for a few days. UPS has been a massive bull run until May 2021. As you can see from the chart, 190.75 and 195.60 are the support resistance region. It will be interesting to see which way it breaks out as it has been going sideways within this range. My bias is to the downside, though we should stay...

fredpui

DJT is on a downtrend since i last posted on it last month. Of not all stocks in DJT are on a downtrend but the major ones are underperforming. DJT touched on the MA100 line back in Jan 2021 and rose to ATH in May 2021. Since then it has declined around 13%. It is a lower high and low on the weekly and this indicates and confirms the downtrend unless this is...

fredpui

July 28 - baba touched right on the swing low @198 on July 8. this is a critical resistance point for baba. lets see if it can clear out of 215. As always, wait for a higher high and low in order to go long. There may be more selling to come.

fredpui

After the recent days' drop, HK50 looks very weak now. It will probably go through a period of consolidation or sideways action for a while. July 27 it dropped to a resistance level around 24810. THIS MAY Not be the bottom. It may go down to 23970. The selling may not be done yet.

fredpui

Not looking good for gold. July 15th Gold retraced to 50% of the down range from June 1st to June 29. Time count wise, it's 28 cd down and 16 cd up (both numbers are multiples of 4) so this is considered as time harmonic (i dont know the correct terminology but if you study gann, you will understand this). Target is a repeat of the down range and price...

fredpui Updated 

July 9 - CN50 seems has reached the same price level the 3rd time for the past 3 months (strong support level). This 16550 level is also resistance level back in early July 2020. CN50 reached high in Feb 18 and has since shown weakness whereas the US indices are the opposite. It retraced 50% on May 27 (42 days from Apr 15) and down for 43days until Jul 9. It...

fredpui Updated 

BABA could drop further tonight. Using time analysis, the down wave took 10 days and the recent retracement took 5 days and it touched short of the 50% retracement. down target is 180.