luckyzebra

luckyzebra

Technical Analysis Summary – NVO After a prolonged downtrend, the stock established a potential reversal structure: Wave 1: Initial impulsive rally, marking the first significant move against the prevailing bearish trend. Wave 2: Healthy corrective pullback that retraced precisely to the 61.8% Fibonacci level of Wave 1, which is a classic depth for a Wave 2...

luckyzebra

To be honest, I have to say I'm a bit disappointed. If you look at the candle on a monthly chart, you'll see that it looks great. But on a daily chart, we didn't manage to break and close above the SMA 200. I thought the market would break above SMA200 with a big, powerful move and close above. Instead of going up, we moved down, then went back up straight away....

luckyzebra

Cocoa is clearly in a downtrend. Friday's candle is clearly a pin bar. For me it makes sense to go short with a target of 6000 USD. I would enter the trade if we break below the low of Friday's candlestick.

luckyzebra

I'm unable to attach an updated chart link to my previous idea, so here's the update. We didn't stop at the 61.8% level, but we're now at the 76.4% level of wave 1, confirming wave 2. Additionally, we're at the 200-day SMA. I've revised the peak target for wave 3 to either 157 USD or 174 USD. Given historical prices, the 174/175 USD level seems to be more robust...

luckyzebra

Hi, I did my analysis for Alibaba. Since we stopped almost exactly at 61.8% of wave no. 1, we can be at the beginning of wave no. 3 with a target of 165 USD. This level makes sense on the weekly chart - it was an important level in the past. Then I expect a corrective wave down to 134 USD. Again a very important level in the past. Wave no. 5 should go to 185...

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.