Yet another corporation gets a swirly in the public toilet by woke insanity leadership. Like the rest they endure a public lashing on social media,
they cry for Argentina and then enact a public relations dream job. An orgy of pseudo-viral internet hype, resurrected leadership nostalgia for
the stock holders and good ol' fashioned base-demographic pandering. In...
Following up on last week. Analysis said the short-term top would be 4 days according to most models. Outside chance of 9 or 11 days too. We never convincingly went down yet. The current top would be B's 9th full trading day. This would mean the CPI report may not be positive for the market as applied to the last analysis. We still need a drop of some days. A...
Price is under bearish divergence. There is strong resistance on the way. If we get one more top on MACD histogram near the trend line and the resistance zone marked on the chart preferably with a false break we can go short.
Final target would be the 50% of the whole move
The plan here is very simple but it might require some patience on your side.
1. Wait for bearish convergence to be formed
2. Wait for double wave correction
3. Find a sell entry after the double wave (bearish divergence, bearish candle pattern)
Target 1: 1.4300
Target 2: 1.4150
Stop Loss: Above the last high created before entering a sell trade or above 1.4700.
