MRVL on the 60 minute chart certainly had an impressive run for two days gaining 16%. The chart however shows the bullish candles are decreasing in range and price is more than two standard deviations above the mean VWAP and far outside the high volume area of the volume profile. Bullish volatility fell to close the trading week on Friday afternoon. My trade...
On a 2H chart, the index has had a 125% trend up since October averaging 25% per month but accelerating. I wanted to see if there are any signs of an impeding correction given the uptrend's duration. The past week added about 10% which seems unsustainable. The RSI is not yet in high overvalued /bought territory but is on the approach. The predictive...
On this highly reliable weekly chart I have placed and added various indicators. My review of them is on the chart. Solely from the perspective of my review and analysis and not at all setting aside the idea of BTC to $250K in 2024, Bitcoin may be overbought with a high RSI and MACD about to cross lines over a relatively thin histogram. Price is higher than...
Namaste! Nvidia was one of the stocks which benefited hugely by the AI (Artificial Intelligence) boom. It corrected around 68% from its all time high during October 2022. Looking back at that time, I thought it as some serious happening because Meta was down around 76% , Netflix 77% , Tesla 72% , Amazon 55% , etc. I knew these were a good buys and...
Namaste! MRF is the biggest valued stock (INR) in India. It's price is around half the nominal GDP per capita (2022) of India. It seems overvalued to me. You see, retail individuals cause the volatility (rapidly falling prices). Retail individuals react overwhelmingly and quickly to emotions and they cause the volatility (rapidly falling prices). But due to...
The covid frenzy is over. Tesla is still a f** great company. They will dominate. The valuation is crazy tho. 2023 won't be great for stock and the economy. Tesla is coming down. Long Entry at 65-60$ levels
The dollar had a nice rally and is about to collapse .. the rally was markup and we are gonna see a retest towards 106 must break down the 106 level then it's bullish .. building short positions starting from the September candle, especially above 109.900 and going full short if it touches 119.600 .. its a large zone so give it space and dont rush, its worth it ,,...
Enphase Energy, leader in Solar & Green Energy Sector. Enphase has recently seen parabolic performance skyrocketing the stock to All Time Highs. While the stock is testing all time highs, it is still very overvalued with a P/e of 150. The bear market has not taken its toll on Enphase yet, while it has been rising in this clear rising wedge. What I see: - A...
SE, Sea Limited has been suffering massive losses ever since its peak in the fall of 2021. This massive bull run was led with the Tech & Growth Stock boom that's bubble has recently bursted through out the current Bear Market of 2022! Sea Limited owns multiple varieties of Business in the South-Eastern Asia Region. Businesses Like : Shopee - Ecommerce...
I gave out a stern warning about Capitec's overvalued price. I did say that this stock will be in a crazy nosedive very soon. Price has been falling from the R2 380 highs. We are now approaching the R1 500 zone which needs to be broken. I'm loading Capitec shares very aggressively at these zones: 1. R550 2. R200 LOOK BEFORE YOU LEAP!!! INVEST WISELY!
Celsius Holdings has been trading like a meme stock as of late. News of a deal with Pepsico helped fuel the recent surge in stock price. The question I pose is will this bullish momentum in CELH continue despite a slowing global economy? Technicals: There are strong signs of bearish divergences on monthly and weekly timeframes, slightly weaker bearish...
WING has been an interesting story in the restaurant sector over the past 7 years. Wingstop has experienced above-average growth in both top and bottom line figures over this timeframe. Let us explore why this is the case and where the stock may go from here... Fundamentals: WING's fundamentals are nightmarish. Incredibly high levels of debt (likely why WING has...
Today we woke up with a bullish crypto market, while the total of public and private companies enter a reverse parabolic trend, the hard blow against the concrete is not going to leave them with a face to smile with again. 🤣 Crypto is risky ? MAYBE IF YOU CAN'T MATH. 🤫 Enjoy the trend. 💎
TSLA volatility increased heavily since Oktober 2021, this makes it more worth for Daytrader but less for Investors. Technically we are in a regression and we need to watch the mark $950 a lot. It seems we are creating a new channel between the two yellow lines, this means currently TSLA is overvalued at $950+ and undervalued at $750-. But due the volatility this...
Massive rising wedge and double top = Gold to the gutter from here
I think in the last month we are beginning to see certain sectors of the market starting to crash, mostly technology sectors, like TSLA, AMD, NVDA, INTC,... You really don't have to be expert chart analyst to see that the whole stock market, especially technology sectors are extremely overvalued. It has never been anything like it, really for the past 90 years....
Eth is at really hard place right now. As with BTC its market cap chart has already extended aver all major fibonacci extension levels (will show the chart later in the update of this idea). While i am confident that BTC has entered a bear market, i am a little less with ETH. Imo there are two scenarios for eth, one is bullish , the other one is bearish . Whatever...
Tesla price have soared since I dare to check. People would argue between Tesla is a good company or it is just a hype stock that is in a bubble. I personally think it is a good company based on its cash flow financial health, its growth and profit. DCF valuation from more than 30+ analyst suggest it is extremely expensive/overvalued. Currently the fair value...