mustafa_bey

mustafa_bey Mar 4, 2024

NASDAQ:MRNA seems to have found its feet in wave 2. We should be now gearing up for wave 3, price action to get more promising upwards as we cross the diagonal resistance (red line). More on it: - iH&S shoulder also forming on weekly - While the monthly close of Jan wasn't promising, buyers stepped into Feb with a decent closure Disclaimer: This is not...

mustafa_bey Updated  Feb 16, 2024

MRNA seems to finding its feet part of wave-4. If market continues to hold current levels, and goes above..it can hit $120-129 part of wave-5. Disclaimer: This is not financial advice. Please make your own decisions while making an investment.

mustafa_bey Dec 2, 2023

NYSE:NIO seems to be resting on $7.2 support and making a continuation pattern which could push the stock downwards. Even if the earnings try to push up the stock, it could result in a fake-out. Stay cautious next week!

mustafa_bey Updated  Nov 29, 2023

NYSE:JMIA responded very well on the lower end of downward channel + horizontal support of $2.3. If the stock climbs back up to the long-term trend line from March'20, we can expect it to rally towards the top side of the channel i.e. $3.8-$4.xx in the coming weeks. Disclaimer: This is not financial advice. Please make your own decisions while making an investment.

mustafa_bey Updated  Nov 28, 2023

NYSE:JMIA seems to have formed a double bottom around the $2.3 support area. Price action seems to be picking up, yet to break the double resistance area though ($2.6-2.8) before it can rally up to $3.4 part of wave-3. With earnings coming up this week, anticipating stock to be a bit volatile. Disclaimer: This is not financial advice. Please make your own...

mustafa_bey Jun 23, 2023

NYSE:SNAP was forming an ascending triangle from Oct'22 and we broke the pattern in April upon earnings. But the market seems to be rushing back in the triangle again. With that, the fair value estimated by analysts is $16 as well. It'll be interesting to see if we can close above $10.8x and start moving upwards. The stock currently seems to be following an...

mustafa_bey Oct 10, 2022

$BLNK seems to be in downtrend, and there is a high possibility of channel bounce as we have hit the channel boundary. Currently oversold as the market goes beyond the channel boundary. Trade idea 💡 Entry: "Only" after stock goes back in the channel and confirms upward momentum ($16.25+) Exit: Between $19-20 as market reaches channel boundary and...

mustafa_bey Updated  Oct 9, 2022

$BLNK seems to be in a falling wedge (bullish) at the moment which can lead the price back to $25-26 zone. We may see a push towards $17 before the stock attempts a break out of the wedge. If that plays out well, we might also see the right shoulder completing -- a bit too early but good to keep an eye. Next few weeks seem interesting! Disclaimer: This is not a...

mustafa_bey Updated  Apr 9, 2022

$PATH continues to be in downtrend (as highlighted in my previous post as well). Price is currently oversold and knocking the boundary - which could potentially give us at least 10% (when traded Long). I like how this stock continues to ping pong in the channel, and the markings helped me pick a $20.7 price yesterday. Next resistance is marked on the...

mustafa_bey Updated  Mar 24, 2022

$PATH continues to be in downtrend. If you got lucky and bought $24-26, price is likely to hit the ceiling of channel around $32. What do you guys think? Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.

mustafa_bey Updated  Feb 17, 2022

Liking $ABNB here, good play out even when the market was selling hard during last few weeks. Considering we're in wave-3, we have the potential to hit $180 or beyond. With earnings in next 5 days, this can get some quick attention! What do you guys think? Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.

mustafa_bey Updated  Jan 19, 2021

Great move by $FCEL during last few weeks. Having completed wave-2, stock is currently in wave-3 that can lead the price to $20-22 range. What do you guys think? Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.

mustafa_bey Dec 5, 2020

Interesting pattern, after being range bound for about a year - the stock made a great move in November. We respected the $6 support and should be now heading back to previous highs. A break above will lead the price to $13-18 zone. What do you guys think? Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.

mustafa_bey Nov 14, 2020

TSLA is range bound. The range is tightening up and we should see a break-out soon in either direction. If we break above, levels to watch for profit taking would be $560/600. What do you guys think? Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.

mustafa_bey Updated  Jul 21, 2020

Current price action suggests the rally will extend to $20, this may probably conclude our wave-3. (Note: Please ignore the markings for wave-4 and wave-5, they'll be finalized as we conclude wave-3) What do you think about this idea? Leave your comments below. Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.

mustafa_bey Jul 11, 2020

Tesla has climbed the 1.62 fib level, this could be a possible profit taking level. Next step of this rally could be $2,000+ However, if we stop here - we may possibly dip down towards $1,000 (wave-4) before heading back up. (Note: Please ignore the markings for wave-4 and wave-5, they'll be finalized as we conclude wave-3) What do you think about this idea?...

mustafa_bey Updated  Jun 26, 2020

At a weekly time frame, this stock is the next thing to blow out. With phase 3 trials expected in July, the potential of $MRNA could be huge in upcoming weeks. With wave-1 and wave-2 already formed, market is now forming wave-3 which may lead the price to possibly $140-160 zone. (Note: Please ignore the markings for wave-4 and wave-5) What do you think about...

mustafa_bey Updated  Jun 12, 2020

This is an update to my original idea posted on 6th June, while $M retraced back to 0.618 levels today - the hourly and 4 hourly formation in the first half went on very well. However, we did not started rallying higher the same day. With this, is the idea of wave-5 to hit $11 still valid? The idea invalidates if we close below $7.8 on a daily chart. For now,...