$SHOP reports on Thursday before the market opens too and it is at an important level now leading up to this ER.
Price tested the top of the rising wedge and held under this level at $100 to finish the week.
A good earnings with good guidance and the price can break higher and hopefully flip $100 to support.
A negative guide or even a wide range guide which is common in this season and it could have people concerned and there is a drop back down into the Buy Zone again.
<...
2025-05-04 19:04:55 +0000 UTC
View Post
$SE has now bounced +41% since completing potentially Wave A and has bounced very strong leading up to learnings which are due on the 13th of May.
Price hit the 0.9 Fib which is the Regular Flat Correction formation level that is expected which typically appears as a Double Top.
So far there are only 3 waves from this bounce too and an impulse wave needs 5 as we know.
Therefore this is not a level you should be chasing
If you bought at Wave A then continue to hold and ...
2025-05-04 19:01:17 +0000 UTC
View Post
Price action finished above the 50 Day MA this week and made a higher high on Friday too.
After $XYZ reported it was clear how impressive $PYPL's earnings were.
The trend is clear to the upside here and the next test for me is the blue line at $70.84, above this level and the 1.618 Fib will be tested at $72.84.
I continue to like $PYPL which is why I added at $61.
2025-05-04 18:53:00 +0000 UTC
View Post
A reminder that $NKE is still in the Buy Zone and still attractive under $60.
I considered adding again this week but I wanted to start a position in $NVO and $ADUR.
$NKE under $60 is still a top priority for me to add too.
No changes to the commentary or long term view here.
2025-05-04 18:50:58 +0000 UTC
View Post
No change to my last uploaded chart, price bounced all the way up to the 1.618 Fib this week after a strong earnings and hit the 1.618 Fib at $436.
Price is now back up above all important moving averages.
At every Wave 3 test of the 1.618 Fib we expect Wave 4 to come in next, so a retest of the $408 level is what we will be looking at next before moving higher to complete Wave 5 if support can hold for Wave 4.
2025-05-04 18:46:34 +0000 UTC
View Post
$INTC reported this week and although it was a double beat (EPS beat by +1813%) there was still concerns about their future and they also reported that they are reducing their head count by -20%
Price has still held above the 0.887 Fib and blue support line at $18.30 too and finished the week at $20.60.
I believe that the price will consolidate for another while for at least a few months before taking a direction.
Wave C could be compete here however but they just do not hav...
2025-05-04 18:33:01 +0000 UTC
View Post
Bit of a lacklustre performance post ER but still moving in the right direction.
The bounce so far since $142 is not filling me with confidence that it is a new impulse wave as waves are overlapping each other...it is telling me that doubt is still present...and that would align with weak economic data reported this week and the tariff dilemma still at the back of everyone's mind.
However, there is still no changes to our chart, the bounce although it can be corrective can still m...
2025-05-04 18:29:28 +0000 UTC
View Post
$DIS reports on Weds before the market opens and so far the price has been holding above the blue support line which is also the Covid Low support and is slightly below the 0.618 Standard Fib support level.
Wave C can complete at the blue line, there is no issue with this....but the moving averages with a rejection are showing that more downside is possible and Wave C does typically make a lower low, below the Wave A support level....so right now we can not rule out a test of the $54 le...
2025-05-04 18:25:47 +0000 UTC
View Post
The chart above is the weekly chart but right now the price is still being held below the amber 0.618 Fib at $96.1k.
On the first attempt to flip this level to support the price action dropped below this level
All is not lost for the bulls because they can quite easily make another attempt at flipping this level to support if the market continues to move higher
The $SPY tested its own 50 WMA this week and met resistance too....so both assets here are at important resistanc...
2025-05-04 18:21:46 +0000 UTC
View Post
Big day for $BABA on Friday, jumped +4.3% and broke back up above the blue line at $121 and finished the week at $125 for an impressive finish.
We can see clearly on the daily chart that the 50 Day MA was the resistance level at $126.60 exactly on Friday and the price action did not have the legs to go higher.
So the brief is the same here, we want to see the blue support line flipped to support, once we see this then I believe we can continue to move higher to $162.
People ...
2025-05-04 18:17:38 +0000 UTC
View Post
$AMZN reported on Thursday and although it was a beat, they guided down for the FY on economic uncertainties, which does buy them some time for the trade war to be resolved but it is clear that if the war continues, then $AMZN will be negatively affected and the cargo shipping decline is a clear indication of this.
Structure is still in place so the market believes or is at least optimistic that a deal can be made, I believe timing is important now and this needs to be sorted sooner rat...
2025-05-04 11:56:56 +0000 UTC
View Post
I think we are seeing encouraging signs here from $AMD.
A hold on the historical support level on the yellow line, bouncing between the 0.78 Fib and 0.887 Fib and routing now back to the 200 WMA at $115 which we know behaves like a magnet are all positive indicators.
Fundamentals are still strong here and this is regarded as being undervalued.
I have a position and will continue to hold.
They are due to report after the market closes on Tuesday, so this will be a big ...
2025-05-04 11:52:07 +0000 UTC
View Post
$AAPL reported on Thursday and it was one of 3 Mega Caps this week that did not react well post earnings, with $AMZN ending the session flat after being down -4.5% post earnings on Thursday.
$APPL announced another $100 Billion Share Buy Back and this brings a total of $700 Billion made towards share buy backs over the last 10 years.....I think the market believes that $AAPL is no longer innovating successfully and relies now only on share buy backs to create value.
It is difficu...
2025-05-04 11:47:17 +0000 UTC
View Post
This week was the Big One for Mega Caps
Next week is the Big One for us.
Monday through Thursday is packed with our popular stocks
But I am most interested in $OSCR before the market opens on Weds
2025-05-03 11:46:40 +0000 UTC
View Post
Undoubtedly the Small Caps will be hit the hardest from the Tariff War and this was certainly felt at the start of April.
But we can see that the price can down to the 0.5 Fib at $170, which has been a support level since 2021 and held perfectly and bounced strong.
Price is already back to the 200 WMA now at $200 and the 50 WMA is higher at $220.
So there is a recovery here but we will also be looking for a test of the 50 WMA here too to decide its next direction.
Ther...
2025-05-02 17:38:39 +0000 UTC
View Post
There is still another $10 to run before we hit the 50 WMA and in between the 0.5 - 0.618 Fib range, so no need to touch our position right now, earnings is not until the end of the month either.
A reminder that we sold nothing on this pull back in the market, we only added when the market went oversold.
Everyone is happy right now because a lot of our positions are bouncing strong but we need to remember the big picture
The Tariff issue has not gone away, the repercussions ...
2025-05-02 15:58:53 +0000 UTC
View Post
On +9% days I think it's best to do a second update because I want everyone to know where the levels are that we are watching.
My plan: let the price action run into earnings, it has obviously ran extremely well lately and into earnings and we will be expecting an abc pull back since we are in Wave 5 now
But like I said in the group chat, I am not playing the subwaves, the short interest is too high...this can quite easily squeeze and I do not think it has happened yet as there ar...
2025-05-02 15:53:43 +0000 UTC
View Post
$ACHR impulse wave has been moving as planned and I am very happy with it, I am happy that we all held and now back to profit after a turbulent month.
Impulse wave is also confirmed with 5 waves now, so we are expecting the count to play out as shown.
We will watch for resistance at the blue line at $9.73 as planned but the 1.618 fib is just slightly higher at $10, so both levels we will expect Wave 3 to complete at and pull back for Wave 4.
Once Wave 4 pulls back, this can ...
2025-05-02 15:46:53 +0000 UTC
View Post
It has been awhile since I last uploaded this chart, mainly because there has been no changes and we have been waiting for the price action to move back up to the important blue line at 22,700.
As we have waited, the 50 Day MA has moved down to this level now as the price approaches this important confluence level.
We can see that $BABA has already broken above its own important blue line, lets see if $BABA has front run the Hong Kong exchange.
A flip of 22,700 to support an...
2025-05-02 12:34:54 +0000 UTC
View Post
While the market gets distracted by earnings, we are reminded of the big picture.
The US 10YR rising and the lack of any deals being announced will start going back on peoples radar again, when the dust has settled after important ER's.
The US 10 YR tested the 0.618 Fib exactly at 4.1% and now bounced back out of the wedge again and is again sitting on the 200 Day MA now too at 4.2%.
Let's be clear, a higher 10 YR will put the US under pressure and the market, which is in li...
2025-05-02 12:25:54 +0000 UTC
View Post
Impressive run here from $1 to $25 since 2022 and we can see some strong parabolic moves in both Wave 3 and Wave 5.
Price has already come close to the 0.618 Fib at $26 and has met some resistance, so holders here should be mindful that the ABC correction can come at any stage, so I have added in the Amber ABC correction levels, with the 0.5 - 0.618 Amber range where we would expect Wave C to finish.
Bullish move would be a break and hold above $26 and a run up to the 1 Fib at $34...
2025-05-02 12:09:46 +0000 UTC
View Post
Inverse Head and Shoulders has been forming here above the bottom like at $13.74. We can see that the resistance level has been the 50 Day MA at exactly $20 right now, so I believe that if a breakout can happen at this level and flipping the 50 Day MA to support then there is a move up to the 200 Day MA next at $28, which has been our commentary for sometime now.
Vietnam does look set to make a deal with the US shortly, which will help American apparel companies who have their factories...
2025-05-02 11:22:00 +0000 UTC
View Post
$ABNB reported yesterday and although they double beat, they gave an adjusted guidance on weak economic activity.
We know from airline ER's that bookings are down since the Tariff War began but also for many Europeans, traveling to the US is too expensive now, across all sectors in the US everything is expensive and you get more value in Europe right now.
On the chart, $ABNB has rejected at the 50 Day MA as the price bounced to this MA leading up to earnings but the price acton is do...
2025-05-02 11:17:37 +0000 UTC
View Post
Higher high was made again yesterday and today we are seeing more support above the 50 Day MA, the platform has been forming for 2 weeks now and we are seeing all the positive signs that a move higher is next.
$BTC chart has been uploaded this morning too showing further bullish signals.
The green fib levels above is where I see the next tests, with the range aligning with the 200 WMA at $2400.
I continue to like what I see here.
2025-05-02 11:13:24 +0000 UTC
View Post
$HIMS comfortably held above the 50 Day MA at $25.90 yesterday to close out the session, something we wanted to see happen to show its strength.
We have a clear bounce now on the 0.5 Amber Fib at $31.64 and the price action is reaching for the 1.618 Fib again at $38.08.
We want a higher high next to confirm that the price action is moving to our Wave 5 target at $44.81.
On this 1hr chart above, we have a golden cross between the 50 and 200 MA's, confirming the bullish trend....
2025-05-02 09:27:19 +0000 UTC
View Post
Price finished at $5.17 yesterday, just 4 cents short of our 0.38 Subwave 4 target....and the price is already up +3% in the PM now.
We are watching for a hold now on this level and we have our next Buy Signal to catch Wave 5 higher to $7 for our second buy.
$ADUR and Siemens partnership further solidifies their strength in the sector and they have the attention of larger companies, which I believe will be beneficial for them when they decide to scale.
I will share the Siem...
2025-05-02 09:21:29 +0000 UTC
View Post
In my last update 2 days ago, I said I was getting quite bullish here and there is a lot to be bullish about.
Strong partnership agreements and technically moving very positively.
Price is doing a good job at holding support on the 0.618 - 0.65 range and like I said in the group chat yesterday, a hold above $65 and I will add.
Price is already up +4.5% in the PM now to $68.50
$CVS have said they will be selling only $NVO's Wegovy and not $LLY's Zepbound....which is a ...
2025-05-02 09:15:58 +0000 UTC
View Post
Bullish development here from $BTC, it is now above all important moving averages but now raising its head above the amber 0.618 Fib at $96.1k, which has been a resistance level for the last 7 days.
Most importantly is that we are seeing 5 waves now as a higher high has been made.
This is an early sign that the price action is not moving in a corrective manner (Wave B)
After 5 waves, we expect a 3 wave pull back as always, so a higher low on the pull back to the 200 Day MA a...
2025-05-02 09:11:50 +0000 UTC
View Post
$BABA is up nearly +4% in the PM now on news:
Easyhome New Retail Group expects to sign 55 million yuan worth of agreements with Ali BABA this year, according to a Shenzhen Stock Exchange filing on Tuesday.
The transactions will include procurement of goods, receipt of services, and property leasing deals.
In 2024, the total amount of deals between the compa...
2025-05-02 09:07:34 +0000 UTC
View Post
A reminder of the current $RDDT chart, they smashed their earnings, really impressive numbers.
Hit the 0.78 Fib at $78 and now at $138 in the PM.
ABC correction complete.
Waiting for a retest of the 50 and 200 Day MA at $118 is the buy entry.
2025-05-01 20:13:17 +0000 UTC
View Post