VAG shows potential for doubling its share value in the next year due to EV sales. Fundamentals: VAG outplaced TSLA in Europe by sales of EVs in 2022 and has strong momentum which is backed by models ID.4 and ID.3 will continue. eu-evs.com Technicals: - potential ending C (from ABC) -wave on weekly - with the potential to end at the top of the channel on...
SPX did a nice move down. Now the market is to decide its furtner move. There are two options 1) consolidate before continue to going down (plan A). Slow movements down and short up within a limited range will be a sell singnal. 2) in the next few hours it will continue to go up. Wait for a short 15m consolidation above current levels for a buy signal My...
Dear BTC biased traders, correction is not over! Many will see the current uptrend as an impulse...Because they bought BTC high. You might be strongly biased. It is most likely a B wave of a corrective structure that will continue in the next 12 months and chart can reach levels of 1100 1) RSI is printing divergence after divergence. This can't continue for...
Hello traders, SPX prints a corrective structure and it is not yet finished. Shortly after top is broken, a C wave is expected. Clues for that: - RSI gives divergence visible on daily, weekly and monthly charts - top levels of 2955 doesn't hold and chart doesn't show strong price action Rejection: - strong daily bar above 2955 levels Prognosis: - final...
Long term PRGS analysis Abstract: Midterm short, mid-longterm long up to $61-$74 levels PRGS has a very clearly printed correction wave that gives a solid base for a high probability long term analysis. Wave analysis gives us powerful tools for direction and potential forecasting, but it is a probability forecast. There are two options that can develop. Both...
Abstract: Midterm short, mid-long term long up to $61-$74 levels _____________________ A best effort promise to publish forecasts each week. Requests for forecasts are welcome. _____________________ PRGS has a very clearly printed correction wave that gives a solid base for a high probability long term analysis. Wave analysis gives us powerful tools for...
------------------------------- SP:SPX shows signs of reversal Although current move is quite steep, the move is still corrective and not impulsive Significant fibonacci levels achieved ------------------------------- After a steep move up we have several indications that a reversal in SP:SPX is due. 1) We have strong believe that move started...
Technically 1) before the incident the stock traded on the upper end of the 10y old trend channel 2) There is a RSI divergence on weekly chart. Drop has been inevitable, but triggered from the sad news. It filled just 20-25% of the channel width, which means there is a room for more drops. Investigations just started and they can be very long. The industry is...