Downtrend: wave 4---> wave 5 to complete around 45.75
Elliot wave suggests downward momentum for the past two years, and yesterday NVAX investors got their hearts crushed. Where can it go from here? Based on yesterdays market activity, I see it headed towards the 1.618 retracement regardless of upward or doward movement. so, if it heads further south we could see high 80s but under a dollar, and if demand increases...
Is NVAX in the midst of a Long term wave four, or a short term wave four? If it's a long term wave four, I could see it falling as low as 1 to continue the downward momentum.
Well, let's take a look at Galena. (short-term) Come to your own conclusion :)
Let me know what you think! Also, please if I'm not using the HNS properly ket me know! Best, MS
Looking for wave 5 to take it around 45.83 theanonymouseconomist.weebly.com
Wave 3= 1.616 of trend 1...with positive news, HQY could reach at least 35/ share, or the 1.618 of trend 3
Zynga seems like a pretty safe bet as far as buying a hundred or a couple of hundred shares go. I would stay in above the bottom blue line, setting as stop loss possibly once it hits 2.81 @ 2.79 or 2.8. I would get out by about 2.9
It looks like Anthera Pharma (ANTH) is in corrective wave C and going to reach about 3.01-3.04 before continuing the downtrend, or possibly reversing. but, if the downtrend does continue, expect it to rise to at least this range before doing so.
Tsla's price suggests the pessimism of a buyout while solar city's price isn't reflecting the optimism that usually comes with a bigger company buying out a smaller company. why do you think this is? what are your thoughts?
Market reversals signify continuation of downward momentum?