Similar update with $OSCR to the $HIMS chart I just uploaded.
Nobody in our group is too surprised by the pull back since holding on the outside of the wedge did not happen.
I have already added at $13 this week so I am happy that I have taken advantage of this opportunity.
Many in the group spoke about missing their chance while in work when this pulled back when we bought, t...
2025-03-13 13:53:36 +0000 UTC View Post
Nothing I say today is any different to my last number of updates on $HIMS.
The 0.618 Fib at $29 is the standard pull back level, after the rejection at $44 on the 3rd of March, this became a possibility.
The market has not reacted too positively to the cooler PPI data and it may need time to digest this information
For now, staying in a bullish descending wedge above the 0.61...
2025-03-13 13:50:27 +0000 UTC View Post
I have been keeping an eye on traditional banks to see if there is any concerns and although they have pulled back with the market, they have not pulled back as strong as the other finance stocks we cover.
I believe $BAC is pulling back for a small ABC correction but I am not seeing a crash, it is already at its 0.38 Fib which is typical for a Wave A support level.
So a bounce could...
2025-03-13 13:12:54 +0000 UTC View Post
Price has also pulled back in 3 waves here to in between the 0.618 Fib and 0.78 Fib where the 200 Day MA has been waiting.
$IONQ is fundamentally not cheap whatsoever, so please be careful here.
It is a quantum computing play that has grabbed the headlines lately but overvalued positions have been hurt badly, so please wait for support confirmation before considering a position.
... 2025-03-13 13:04:48 +0000 UTC View Post
HSI and $BABA are moving in sync, we can see that there are some profit takers with $BABA who have gained +100% in a year but any dip gets bought up almost immediately and this can happen in aggressive Wave 3's.
HSI has already retested its 3 year range breakout blue line but $BABA has not at $121 yet.
HSI does look strong here and if there is another retest and bounce then I believ...
2025-03-13 12:28:09 +0000 UTC View Post
Chart and price action continue to look good here and it is a good example of looking at positions right now that have already completed a large pull back before the market showed any weakness.
$AMD, $BIDU, $PYPL, $NKE, $PFE for example all fall into this category as they are not in the same cycle as the US market.
I don't believe the market has priced in $CELH's new acquisition jus...
2025-03-13 12:23:26 +0000 UTC View Post
One of the positive macro influences right now is the pull back in the US Dollars, price is below the 0.618 Fib, the 200 Day MA and the 50 Day MA.
Overall however, we want this to be slow and gradual, any large drops will bring uncertainty to the market and as we have seen since Trumps Tariffs started impacting the market, uncertainty is the markets enemy.
The two biggest companies in the world now $AAPL and $MSFT have been sending warning signals, $MSFT we know has been declining for nearly a year now and the market was able to absorb this decline and still push higher.....but now $AAPL has dropped from $259 to $216, out of the Bull Case, below the ascending triangle and below the 50 and 200 Day MA.
So this is weakness, there are no two w...
$NIO has been moving well this year and we have been seeing some positive moves that we have not seen in a long time here
Price has broken out of the downward channel, broke above the 50 and 200 Day MA's, there was also a test of the $5.32 blue line yesterday too.
Like I said in the last update, a retest of the 200 Day MA from above and holding at $4.72 or recapturing the blue suppo...
2025-03-13 12:07:00 +0000 UTC View Post
$ACHR bounced strong yesterday and finished up nearly +10%
We can see on the chart that there is a very clear 3 wave pull back......which is a common sight on many charts right now....but most importantly, price also found support on the 0.618 Fib at $6.54 and bounced.
We know that the 0.618 Fib is the standard support level for an ABC pull back, so this is a good sign that a reversal...
2025-03-13 12:03:19 +0000 UTC View Post
It is a good idea to see what happened in 2008 with the Great Financial Crash to understand what is happening right now.....and we can clearly see how important the 50 and 200 Weekly MA's played a part in guiding the market.
Follow points 1 through to 4.
This all happened before the collapse of Lehman Brothers, which many believed was the trigger in Sept '08, but we can see that the...
2025-03-12 19:49:58 +0000 UTC View Post
$SNOW was a top pick for many funds on Wall St to perform well in 2025
It did not make our Top 10 list but we have been sharing this chart and showing that it is in Wave C now
Since the market has started its pull back, $SNOW has followed it too and has already dipped in between the 0.5 Fib and 0.618 Fib range, where the 200 Day MA is now.
If there is going to be a market reco...
2025-03-12 19:06:23 +0000 UTC View Post
We identified last week that $RDDT was in a clear ABC correction and the price has now dropped down to the 0.618 Fib and 200 Day MA just slightly below at $105 and has already bounced on this confluence level and jumped +30% since hitting our Wave C level.
We are seeing a lot of charts like this right now who are very close to their 0.618 Fib Wave C level.
If we can see $RDDT makin...
2025-03-12 19:02:44 +0000 UTC View Post
$PLTR has recovered the important 0.38 Fib today which is where we believe Wave A has completed and have been expecting a bounce for Wave B next.
Since the Wave A overshot the 0.38 Fib, the Wave B range moves slightly..... and isn't it fitting to see the 0.5 Fib align with the $100 level at the 'Delusional Level' now.
I think a bounce into this range and rejecting gives holders a ve...
2025-03-12 18:52:58 +0000 UTC View Post
Some are likely wondering what is the cause of the pull back today but as we know $BABA and $BIDU have been performing very well in March as the US market has shown a lot of weakness, so a bounce today for the US market is likely a perfect time to let off some steam for the Chinese ADRs
We can see clearly on the chart what is happening with $BIDU
And it is a simple test of the 200 D...
2025-03-12 16:46:24 +0000 UTC View Post
A number of requests for this but there are no changes to the chart, for me this is a bounce for Wave B and I would expect a further leg down as shown to complete Wave C once there is a test of the 200 WMA and a rejection.
The impulse wave higher was perfect, so I have no reason to believe that this corrective wave would not complete.
Once Wave C is confirmed you are looking for a h...
2025-03-12 16:14:37 +0000 UTC View Post
$SPOT went parabolic post earnings and I gave one simple instruction, do not chase this, it was the same instruction given to $HOOD
Both companies have pulled back very well, $HOOD has nearly completed its ABC correction.
$SPOT has run so aggressive that it hit its 4.618 Fib, somewhere you NEVER want to enter.
Price has already lost the 50 Day MA now and moving to the 0.38 Fi...
$SHOP is bouncing to the top of the Buy Zone today, which is also the 0.38 Fib and the wedge top line at $99.
A break above this level and the pull back is complete for me, a rejection at $99 and there can be another pull back and the 200 Day MA and the 0.618 Fib between $87 - $80 will be the target support range.
A hold above $99 and the Wave 3 target comes back into play at the 1....
2025-03-12 15:59:41 +0000 UTC View Post
10YR is digesting the CPI data released today and is deciding on its next direction
It is not a surprise to see the 10 YR at a very important junction leading up to this data release today
Price is sitting right on the 200 Day MA in between the 0.5 Fib and the wedge breakout line
A direction has not been taken yet since that data came out today, which was cooler than expected<...
2025-03-12 15:55:35 +0000 UTC View Post
There was a very positive response to $SOFI the moment CPI came in cooler than expected earlier and jumped +7%
This bounce is on the 0.5 Fib, the 200 Day MA and the green support line.
I shared earlier that a number of finance stocks we track are moving into undervalued territory once they find support and some exposure here is encouraged.
$SOFI and $PYPL are my two picks, bu...
2025-03-12 15:46:42 +0000 UTC View Post
Some consolidation now above the 0.618 Fib after a 3 wave pull back and along the blue support line
Remember we are in the Buy Zone, so I do believe the price is undervalued here with a margin of safety, both fundamentally and technically.
RSI is also showing a recovery too on the daily chart and starting to move out of the extremely oversold territory to 30
These are bullish ...
2025-03-12 13:42:31 +0000 UTC View Post
I think there will be an opportunity with $NU soon once the price drops down into our Buy Zone and can hold support on or above the 0.618 Fib at $8.20
A lot of the disruptive finance stocks are getting strong pull backs right now but they are all moving in a standard ABC corrective wave which is a good sign.
We already have a position in $PYPL and $SOFI but $XYZ is dropping into th...
2025-03-12 12:17:52 +0000 UTC View Post
If $TGT was at this price at $113 at the start of the year it would have easily made my Top 10 list for 2025 but because it was struggling to find support it did not make it and the price was at $135 at that time.
But now, it is almost too low to ignore now.
Let's look at the facts:
Price is at $113, 200 WMA is at $170
Price is at the last Fib support l...
2025-03-12 12:06:01 +0000 UTC View Post
We are looking for the market and the Mega Caps to retest their own respective 200 Day MA's next, which will tell us if there is a rejection or if they can be converted to support
$AMZN is already at its own 200 Day MA now in the PM and on the $TSLA chart I just shared, there is a route back to $274 for $TSLA next to its own one.
$NVDA has more work to do, it will need to get back...
It has become quite obvious now that $TSLA has been deliberately targeted to sell off because of Elon's heavy involvement in the Trump administration....which is why Trump went on the offensive yesterday and paraded $TSLA vehicles in front of the White House .....the market did not react overly bullish about this but it may be digesting this impact today and for the rest of the week.
So f...
2025-03-12 11:46:33 +0000 UTC View Post
Flushed down -13.5% at the opening yesterday which we felt was uncalled for on the back of very little news or an announcement, we assessed that it was likely a stop loss raid because of the percentage decline and we stepped in and took advantage....we are already +8% up on this buy but that is not our main objective, we are managing our average by adding where we are comfortable (by keeping wi...
2025-03-12 11:40:52 +0000 UTC View Post
Interesting day yesterday, a strong bounce at the opening out of the descending wedge and the price action tested the large red 0.5 Fib at $37 from below....unfortunately this was met with a strong pull back but there is a positive, the pull back finished on the outside of the wedge, which is not a bad sign right now, meaning this is a retest of the wedge breakout
If the price drops bac...
$NKE is now in the sweet spot.
Price has bounced on the blue support line at $70, ran up to the 50 WMA and has pulled back in 3 waves and is sitting on the 0.618 Fib now at $74.
This has been the perfect movement so far and this is where bulls want to see support.
A lower low is still valid but the 0.618 Fib is where Wave 2 should be held without showing weakness.
If a ...
$BABA up another +5% today and has a higher low in now too.
All pull back continues to get bought up, a mixture of being undervalued and a flight to safety out of the US positions...especially after Citi's announcement today that they are bearish US positions and Bullish China.
Until there is a higher high above $145, a flush down to the blue support line for a retest is still poss...
One of the first Mega Caps to retest their 200 Day MA from below today at $200
So far the level has not been flipped to support but likewise there is no rejection here yet either
This will be important as it could be a signal into how the market will behave at its own retest of its 200 Day MA.
$AMZN flipping $200 is support and holding is certainly a bullish indication in the...
2025-03-11 19:07:06 +0000 UTC View Post