johnconnor81

johnconnor81 Updated 

an inverted Head and Shoulder (line black) could be potentially under development if price action reverse decline fastly and confirm with volumes pick up in the possible right shoulder. Direction: 12 dollar neckline zone then probable break out. I drowed also another short term development (line red) alternative to inverted HS with prices decling further and...

johnconnor81

I see an opportunity in this stock due the recent price-over-reaction at the earning call. The stock has been punished for the lack of good 2024 guidance on earning growth even if both earning and revenue came over the forecast. In my opinion this remain absolutely a growth-stock but what miss today (and missed as well in the recent quarters) is a good growth...

johnconnor81

I think the current buoyancy on long duration eu core gov bonds is deceptive. rates in europe are way to low due to current macro environment, inflation still high, prices of gas and oil sets for higher levels in coming months ECB still in hawkish mode. rsi is also on the rise above its mean. probably this development will require 2 steps for the yield to...

johnconnor81

rsi is weakening. if it brokes TL could drag prices further low. final target could be 130 zone as prices finds support from TL

johnconnor81

after the rise and breakout of the 200 moving average ndx is thaking breath. it takes time to consolidate, if fails to overcome 12800 it could fall again in either buy zone 1 or buy zone 2 , RSI below its average is showing weakness

johnconnor81

there is a big wedge formation on the index started on the summer price action. Probably targeting bottoms level seen before pandemic bull's run. the formation is eventually bullish, but we'll not see the bottom until first semester of '23