Giant ABC in the works? looking for some volatility over winter with some deep sell off after hitting ~14k back to 10k and rip up to 17k
Went up to fast to far for the realistic economic situation. Needs a longer time side way move especially with elections. It might even end up being longer side ways and be stuck in a wide range for years to come. Biggest stocks are way too extended P/E wise and can't look for the E to catch up fast enough in this economics. Big techs may maintain high P/E ratio...
As long as CCL doesn't go bankrupt which I don't think they will, they should get back to some of its higher levels. I believe we will trade in a range for a long time with ton of volatility hitting some key low levels multiple times before making a serious move up. Buy targets would be low teens and hold for at least 2 years
Not too familiar with US T Bonds but from a pure technical perspective, we are due for a correction here and seems like the process already started with some strong follow through expected within the next few days. Shorting the TLT at this point seems to offer really good value with targets around $150 within the next week or so.
During the last 2 weeks of market wide rebound FB has looked weak, the pattern seems to be a complex ABC with an expanding flat as the B and targeting the .500 fib from the wave 2 high to wave 3 low. With the overall market looking to be topped off getting some put options for FB targeting new lows around $130 where there is a support from last seems like a great...
In this large scale sell off due to the corona virus, the DJI seems to be leading the big indices. I believe the bottom is in and we are looking to move sideways for the rest of the year in between the ATH and the low we put in last month. The prices of stocks before the sell off definitely inflated beyond reason in certain sectors but this sell off definitely put...
The deep retracement in the recent coinciding with the corona virus has been much deeper than expected. It has rebounded a healthy amount but in an ugly fashion and corrective in style. This is having a lot of people calling for a fresh low from the last year lows around $3400, but I still believe that was the bottom and going along with my idea that the broader...
ICX seems to be making its first impulsive move off the low unlike others that are putting in a correction before probably making a lower low. This makes me extra bullish on ICX compared to others and expect 20x return from the low within the year.
Seems like GOOS is getting closer and closer to a bottom and seems like 27.50 seems like a perfect spot for that bottom. Until then it seems to be a no touch stock even for shorting since downside isn't much either.
My personal opinion on this 5G "cycle" is over hyped. We may still have some more upside on these chip stocks that related to 5G, but I believe we will see a lot of people leaving these stocks once 5G is released and shows lackluster response from consumers. Until new tech and apps that can utilize 5G comes out we will probably see bleeding in these 5G stocks once...
Looking at the BTC.D chart it seems like we have maybe another 10~20% upside left before another move down to make a lower low to the next support level around 0.013sats. If we do get a real solid rip in the next alt season which should last couple months, should give us about a double top or bit less in ATH in BTC valuation while we should see ATH in USD value...
few months away from finishing this symmetrical triangle before pushing up beyond ATH
TRX was once of the most popular Alts and still has a pretty large fanboy following. The lack of follow through on the previous bull move makes it seem more likely to be corrective and we have one more lower low while BTC goes on an expansion before the halving. Looking for a fake breakout to around 400 satoshi level during this mini alt run season before we go...
Halving is about 100 days away. Still think we are going higher from here and top out a week or two before the halving below the ATH 20k. My guess is around 17~19k.
With all the drama around the 737 max planes BA is stuck in a range and slowly bleeding down to lower levels. It seems like we are putting in a descending wedge putting in a abcde correction triangle that should take us to the .500 fib support by mid year around $275. I believe June is around when the 737 max will be allowed to fly again or some sort of positive...
Looking to buy some EOS when it hits a new low around 1500 satoshi. Assuming this would happen before middle of the year.