I initially predicted a 17% decline on JSE TOP40, the move is well in motion. See link below South Africa has had one of the worse lockdowns in response to covid19 and it resulted in a reported decline of 51% in GDP. The unemployment numbers and number of business bankrupted are not yet publicly available. South Africa also increased its USD debt during this...
The Avis price could drop in the short term where there will be a lot of volume as people buy cheap knowing the price will retest recent highs.
Inflation: Persistent growth of the price level of a basket of selected goods. Deflation: Fall in overall prices in an economy. Increase in purchasing power of the currency. From deflation to hyperinflation, the historical route: 1. Central authority inflates paper assets, i.e. bonds, stocks and derivatives. Effect is capital inflow from real economy into paper...
10 day MA reversal and curl. Today's candle is just now passing though the 10 day MA but still presents an opportunity for the bears so if the bulls keep the price up we may be able to break this and that should give confirmation of a bullish reversal. Inverted hammer appearing after the series of red candles is indicative that a reversal is about to occur....
Next Target 1329 supports at 1862
Thinking something like this.. Follow the links in my bio for the full video.
As we can see on the chart we have broken through the upward channel and we are ready for a correction. The correction on theory should have the TP1 target, but I think there is something else that could be going on. I have the following fundamental reasons for thinking that we will see much deeper drop: - The elections are comming in America and this creates a...
On fire fam hope you bought in.. I been posting videos everyday about this 1
JD has been in an ascending parallel channel since the COVID-19 peak in March and shows no sign of slowing down. I sold an October 16 2020 62.5 Put @ 1.03 near the bottom of the channel today with the idea that the uptrend will continue over the next couple months. This is one of China's biggest e-retailers and its been having a great time with extra sales due to...
I think the chart explains itself. We are at a critical moment. If price finds support on top of channel (making higher highs), then a new cycle outside of channel has begun. Expect another bull cycle? If price does not find support on top of channel and is rejected, then we could come back down to the bottom of channel and re-test March lows. This month will be...
Any thoughts on the monthly bearish divergence on the S&P 500? It even goes all the way back to 2018. It looks obvious to me, but I'm open to discussion. If there's a big sell-off here I would of course expect the Fed and Gov to step in again and start spending money. This also coincides with the fact that the sugar from the last round of Fed and Gov stimulus is...
Anticipating some positive news from RLFTF's and further FDA approval for it's Aviptadil. ABCDE Triagle wave approaching completion, confirmed by Williams Alligator, and Fib Retracement A bounced off 0.382 level C bounced off 0.5 level Look for E confirmation off 0.618 level Should price exit the triangle formation, setting target @ $1.2
This proved to the market and world governments that their nanotechnology is superior and that it works. Next stop, flu vaccine. I'm holding. Disclaimer: Not financial advice. Just my opinion. See my related posts. Source: www.cnn.com
On the low time-frame the SPX has a blatantly obvious broadening wedge. This tends to be a bearish pattern, as volatility is increasing to the downside more so than the upside. From a fundamental analysis perspective, the economy is valued at the highest it has ever been, but the economy is the worst it has been in almost a century. Something has to...
Possible quick profits on a short position, but the trend is generally upwards. The gap could get filled quickly followed by a return to the upside due to increased sales of surgical masks in the COVID-19 pandemic.