$AMD has so far found support on the 0.78 Fib at $141 in the wedge, $NVDA is retesting its ATH line again and $SMCI is about to report after the close.
All have a potential to influence $AMD's next direction.
If both companies move in a bullish trend, especially $NVDA then it will likely influence $AMD positively.
I have not trimmed or added here and will give this every chanc...
2024-11-05 19:48:32 +0000 UTC View Post
$BOTZ has just raised its head above the wedge breakout level today at $32.60 and a flip of this level to support and I think $BOTZ can move up to the bull case blue line at $40 next
Above $40 and we can confirm Wave 3 with a target at $58.....which would be over the next 12-16 months.
Set up does look good here holding above $32.60
2024-11-05 18:52:01 +0000 UTC View Post
$CVS also reports before the market opens tomorrow
We are not seeing any signs of a reversal here leading into earnings but we can see that the price is struggling to hold above the yellow support line.
The 0.618 Fib is still managing to hold at $51 but losing this level and the drop is down to the 0.78 Fib at $42.
Below all moving averages now....so if you are considering a p...
2024-11-05 18:49:05 +0000 UTC View Post
$CELH reports before the market opens tomorrow....which will probably not be a bad day to report as the market focuses a lot of its attention on the election.
Price action has managed to hold on the 0.78 Fib during this pull back so the market is giving this a chance to redeem itself with a strong report.
I think a positive report can get $CELH moving in the right direction and reca...
2024-11-05 18:45:50 +0000 UTC View Post
$NVDA like $AMZN is testing its ATH line again from June, price did manage to break above this level on the 22nd of October (unlike many of the Mega Caps) but was unable to stay above this level on the retest.
That being said, bulls really stepped in on the pull back and another attempt is being made now....on the cusp of the election.
Bulls don't want to see a rejection now, which ...
2024-11-05 18:32:00 +0000 UTC View Post
Bulls look to be making another attempt at the $200 level now.
A number of indications are showing that the market can rally post election and regardless of the $3 Billion sell wall, I suspect it will be broken here if this rally starts.
$MSFT and $AAPL have stopped their bleeding for today....so it is up to $NVDA, $GOOG, $TSLA, $META and $AMZN to carry the market higher....which ca...
2024-11-05 17:37:43 +0000 UTC View Post
In terms of market valuations, the German Exchange is not considered overvalued right now when compared to the US, it is more in line with the Chinese market in terms of value.
However, its chart has 5 distinct waves now since the start of the dot.com crash in 2000-2001
We can also very clearly see the effects of the '08 a...
2024-11-05 16:03:59 +0000 UTC View Post
$BTC has made tough work of this pull back but nevertheless, support has been found at least for now above the bullish flag and the price is already back above the blue support line at $69.1k.....as the polls shift again in favour of Trump
I am very surprised how much in sync the polls and $BTC are right now.....so I continue to expect a strong move after the result is revealed, likely in...
2024-11-05 15:30:22 +0000 UTC View Post
$X is up +3% now as we lead into the election....market may feel that either candidate may spend, particularly on infrastructure during the term and the price of Steel will rise.
This also aligns with China's Fiscal policy......spending $1.4 Trillion dollars will likely be spent on infrastructure too, so the demand for commodities will rise.
Either way, $X is following our chart ver...
2024-11-05 15:17:02 +0000 UTC View Post
Congrats all holders, our Buys since $11 have been excellent and $HIMS is now sitting as my largest holding right now because of these gains.
Structure continues to be strong, in spite of some swings in October, which allowed us to update this impulse wave and I am glad we did, it allowed us to add again at $19.26 to catch this strong bounce this week.
Earnings were impressive and w...
2024-11-05 13:04:12 +0000 UTC View Post
$PAYO have just released:
Financial Highlights
Payoneer reported a record quarterly revenue of $248.3 million, marking a 19% increase year-over-year. Revenue excluding interest income grew by 24% to $183.1 million. The company also saw a substantial increase in net income, which rose by 224% to $41.6 million. Adjusted EBITDA for the quarter was $69.3 mi...
2024-11-05 12:54:32 +0000 UTC View Post
Is holding on the bottom trend line in this descending wedge right now and just above the blue support line, take from 2023....as we lead into earnings after the close today.
A lot of questions still need to be answered and they will likely be addressed later.
Apparently volatility is off the scale here post earnings, so one way or another, this will make a strong move.
I said...
2024-11-05 12:41:52 +0000 UTC View Post
$BIDU has pulled back more than $BABA and the HSI but nevertheless, it has managed to stop bleeding and find some support above the descending yellow wedge....as we lead into a potential Fiscal announcement tomorrow in China.
I have not added again and I am happy with my holdings here.
I have added the larger impulse wave on the condition that support continues to hold here above $8...
2024-11-05 12:36:37 +0000 UTC View Post
$BABA is reacting well to the HSI movement today in the PM.
Again we have a clear hold on the 0.5 White Fib and have a higher low now too.....so we want to see a higher high next which would mean a break above $101.35
I am not against adding again here
The set up is there, everything is moving as expected.
I think if we get a solid hold above the 0.38 Fib at $100, I'll n...
2024-11-05 12:27:13 +0000 UTC View Post
$PLTR reported and it was a double beat, Revenue beat estimates by +2% and earnings beat estimates by +10%.
Two things that the market reacted very well too:
1. Increase in guidance across the board (although only +2% on Revenue)
2. FCF increased its margins from +21% to +59% which is a dramatic increase....and as we have seen a lot in this group, Wall St loves when FCF increa...
2024-11-05 12:22:49 +0000 UTC View Post
Nice movement today in Hong Kong.....likely down to the anticipation of the Fiscal package that could be announced tomorrow, pending on a victory from Trump in the US election.
We can see now that Wave 4 has held on the 0.5 Fib at 19,852 and has bounced since, there has also been a high high and higher low next, with a hold on the 0.618 Green Fib at 20,362.
This is exactly what we n...
2024-11-05 12:12:09 +0000 UTC View Post
I will be taking a look at a few foreign markets this week to see how the global system is behaving, we monitor the US, Hong Kong and Chinese positions very closely but it is also worth seeing a bigger picture in Europe and India too.....also emerging markets like Brazil.
$INDA has hit our Wave 5 target and has already pulled back to the 200 Day MA now....a hold here and $INDA can bounce ...
2024-11-04 20:04:37 +0000 UTC View Post
I can not fault this chart, it has guided us perfectly for the last 2 years and has been moving structurally as expected.
Wave 5 may have completed here at the 2 Fib as we have a clear rejection at $235.
I am happy with Wave 4 too as it held exactly on the 0.38 Fib at $166.
50 Day MA has also been lost here and the previous ATH blue line at $206 is being tested now
If t...
2024-11-04 19:48:57 +0000 UTC View Post
$BRK.B had a rare miss when they reported over the weekend, their first miss since the start of 2023.
A lot of info was revealed, with the main headline that Buffett sold another -25% stake in $AAPL and has increased its Cash balance to $325 Billion.
$AAPL is only slightly down on this news today but the investing community certainly paid attention to this activity.
Buffett al...
2024-11-04 19:35:55 +0000 UTC View Post
Very nice pull back today for $TSLA, I have added the support levels now between the price and the white triangle support lines.
We can see that the 50 Day MA aligns perfectly with the 0.618 Fib at $234....which is certainly an area of interest now for support.
There is a lot of discussions today on what will happen with $TSLA after the election results are out.....it is very clear ...
2024-11-04 18:54:05 +0000 UTC View Post
$OXY is likely going to be influenced by the results of tomorrow's election.
Arguably every scenario is already baked into the price now tho.....for oil prices, that would mean a Trump win.
$OXY has very strong fundamentals, healthy returns and Buffett pulling the strings.....one of only a few companies he has positively invested in this year.
The election may mark the end of ...
2024-11-04 18:43:54 +0000 UTC View Post
Another good day for $HIMS and nice healthy gains from our recent buy at $19.26.
But it all comes down to how the earnings report goes later on after the close....we are expecting it to be good and a beat but there are certainly high expectations now.
Estimates are:
Analysts anticipate earnings per share (EPS) of $0.06, marking a 250% increase from the same quarter last year. ...
2024-11-04 18:34:56 +0000 UTC View Post
$RDDT continues to have one of the best IPO's I've seen in a long time and basically started straight into an impulse wave if Wave 4 can hold the pull back as shown on the 0.38 Fib at $95.....or the 0.5 Fib at $86.
A hold here and Wave 5 is next and can go as high as the 2.618 Fib at $155.
2024-11-04 13:42:41 +0000 UTC View Post
Wave 5 went only slightly above the Wave 3 point and stopped out exactly at the 1.618 Fib....so I am still in two minds above whether or not this is in Wave 4 now or completing its ABC pull back.
The good news is that, if support is found above $15.90 on the 0.618 Fib then either way this is moving higher next.
In between the 2 - 2.618 Fibs levels would be the next target range if p...
2024-11-04 13:38:24 +0000 UTC View Post
$VKTX is seen as an emerging challenger in the Obesity-Drug market and has had a very strong 12 months, from $8 to $75 now, reaching a peak at $100 in Feb.
Promising results continue to flow from their clinical trials too.
I have Wave 4 complete now....it was a strong pull back but likely due to the aggressive Wave 3 running so quickly.
Wave 5 target is at the 1 Fib at $137. 2024-11-04 13:33:45 +0000 UTC View Post
$TMF is up 4.7% in the PM now, it is unclear why exactly this us.....but volatility and uncertainty with the market will likely have some influence right now as we lead in to tomorrow and the Fed Rate decision on Thursday.
$TMF/$TLT is at an important point right now and I have covered this a lot lately
Bond Bulls will want this support level to hold now above the green 0.78 Fib lev...
2024-11-04 12:12:00 +0000 UTC View Post
$HASI continues to be on our Watchlist and the price movement continues to look bullish to me
Price has retested the ascending triangle now since the start of Sept and holding very well, also using the 50 Day MA as support too.
A higher high above $36.15 and I believe the next test of resistance is at the blue line at $39.62, a break above this level means the price is into the bull...
2024-11-04 12:05:12 +0000 UTC View Post
If there is going to be a time for $BTC and $ETH to make its move, it will likely be this week....and will depend on whether Trump wins.
A win for Trump and I see a bounce.
$ETH has consolidated for a long time in this triangle.....clearly waiting for a catalyst.....the election is likely that event.
Price has pulled back this week as Harris gains some ground and closes the ga...
2024-11-04 11:57:11 +0000 UTC View Post
$NIO is still holding above the confluence level of the 200 Day MA and the 0.65 Fib above $5.05.
Price is up +2% in the PM now after rumours circulated that $NIO is considering a hybrid brand next year.....I am not completly against this idea....range anxiety is still an issue for many, especially here in Ireland because the infrastructure is still not in place to charge....or Batt Swap i...
2024-11-04 11:32:39 +0000 UTC View PostPalantir Technologies Inc. (PLTR) is scheduled to release its third-quarter 2024 earnings report today, November 4, after the market closes. Analysts have set the following expectations:
Earnings Per Share (EPS): The consensus estimate is $0.09 per share, indicating a 28.6% increase from the same quarter last year.
Revenue:&nbs...
2024-11-04 11:21:23 +0000 UTC View Post