This setup of renko block-size on a 4h chart shows that Seeing Machines #SEE completed its first ever impulse wave and now moving onto the second one. I can say this with certainty that the 2nd impulse (wave 3) will extend the first initial one, so I set up my first target for 27p as a minimum. I expect some reaction on the top of that trendline around 16-18p mark...
This share is still my favourite and my largest investment, and I am glad to see it in such a clear bull trend. I had so many options counted from the bottom, and the pictured is one of the most likely where the most impulsive move starts as a wave 1 and are finished with the subwave 3 of the wave 3 for that move. Further options are very similar just starting...
Renko chart is extremely clear on the 4h eliminating all the messy ranging moves. It was a clear buy since 26 Oct again on SEE when renko started to tick up already, today move is just the proof. Targets are still the same as originally described in my previous post. Current ABC move ends around end of 2021, by then this share will be in multiples of current SP....
Correction now stretched to the lowest possible in an extended flat and is now confirmed as complete.
Fundamentals are great and placing at 4.1p with US II`s arranged the quickest possible and best way to set our absolute bottom at 4.1p. The Upside looks now inevitable with plenty of news expected in the short term.
Also still in my longs on my trading acc from...
I expect a substantial move on Seeing Machines this week and in the next months ahead. With the recent RNS the company just entered into a new market of OMS which they are already dominating. SEE is way over conservative in their market share projections. 23% in their OMS figures and 30% in DMS. House broker`s old target is 7.2 on the DMS auto market only with the...
Potential Long above $3.51 Fibonacci level &
the 200ma.
Major target | Resistance $4.20
Indicators Bullish
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This is a macro overview on SEE cycles and how the time of C waves correspond to the following A waves in a trend change. Note that the end of a correction should take always longer than the following impulses. Considering this last ABC move and the very sharp drop in the C wave the new A wave should be shorter and reach the previous C top in a shorter timeframe....
My favourite stock is SEE:LSE I believe we are in a wave 3 start at the moment to top for end of MAY 2020 targeting higher as a crucial pivot point. Clear falling wedge formed as part of sub w2 of larger w3. Significantly undervalued share price needs to turn back where it belongs to. Market potential here is massive for 2020-2021 and in the mid and long term. Buy...
SEEing machines completing its correction of this longer Wave 2 and finding a support at this level. News are on the corner although you can see it took much longer and with a more complex wave 2. It will easily pump up to its next W3 above 8p on any material news and anyone knowing this company there are multiple potential of material news dropping in any day...
Very solid positive CEO interview today following the annual results. SEE break out of this bull flag as expected ahead of 3W. Short term targets are between 6-8.5p for this wave up depending on volume, also with a very positive long term outlook. Suggest to buy while it is at this cheap level, the upside potential is huge for the long run!
Seeing machines ahead of the full year results and expected new contract news printing a massive bull flag, with a projected 60-100% gain targets next.
Get in while at this small pull back of correction ended.
Uptrend is now way overdue - this is in line with expectations of news on decisions of new contracts by end of June 2019. Very bullish for the next months ahead!
2.9p was good support & should hold here, best to wait for close above weekly t-line but target would be 5p, many MA's to go through so it might need to take some time.
higher risk setup.
Good volume as of late.
Riskier stock with heavy dilution but great tech. (not in)
Although I tend to favour fundamentals for stocks like this, since this share has been bleeding for the last 6 months, I've been messing with some TA, in an attempt to see where it might bottom and start to move upwards again.
The down trend is coming to a head with the wedge also now meeting historic levels of support and seeing in an increase in resistance in...
