luckyzebra

luckyzebra

I made elliot wave analysis for this stock. My final profit target is from 180 to 220 USD. To be honest, both levels make sense on a weekly chart. They both acted like a support/resistance in a past. Probably the 220 level looks better. DYOR.

luckyzebra

On a monthly chart, we can see an uptrend ending with a doji candle . This tells me, the uptrend came to an end and now we will move lover. Great is, that the doji is exactly at the resistance, that worked wery well in the past. I will look for entries at daily chart. My PT will be aprox. 1.62 -1.63, based on the weekly chart levels. Valid until we brake...

luckyzebra

I can see bullish divergence on Alibaba. PRobably short term long.

luckyzebra

I can see clearly cup and handle pattern developing

luckyzebra Updated 

GRPN is quite far away from SMA 200. I can also see head and shoulders formation over here. If valid, profit target would be around 7.50 USD. This level was important in the past. At this level, closer to the SMA 200 I would buy the stock for a long term investment. So the short would kinda speculative for me, long at around 7.5 great entry for 1+ year investment.

luckyzebra

In my opinion, there might be h&s pattern developing on the NVDA stock. If so, then the profit target (neckline to head extended down from neckline) should be like 310 USD. It makes sense to me, because it would close the gap and bring us closer to that 200 SMA.