Stock_Legend

Stock_Legend

If bull market, then pullback to short term Fib and then move higher to take out long term Fib around 17th Feb... If bear market, then we can expect to go lower... But the cycle analysis for QQQ indicates higher highs and higher lows indicating a change in trend - If the fib levels hold out and we continue to see high highs and higher lows along the cycles then,...

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Emerson is half way into the cycle with price target ranging from $93 to $96. I expect earnings to be good, but the recent indication for a hostile acquisition might overshadow the ER. I believe this will trend in a range until mid March when this could start its next leg up. Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.

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Ford's cycle analysis seems to indicate a peak for the near term (Earnings is a wild card here). Its also hitting up against 78.6% short term Fib levels at $13.86. With Ford cutting its prices on Mach-E will out pressure on revenue and Ford would have to increase its sale (hopefully due to demand from reduced prices). As cycles indicate a peaking and with ER...

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As we approach end of cycle and prices near previous cycle high around $103, I believe shares wiil pull back towards Fib level and then bounce and make run for next high. To early to guess, but it may be that we are now in an uptrend and the downtrend from Aug 2022 is broke. Fingers crossed. Disclaimer: My opinion on stocks are mine alone and not to be taken as...

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CTRA is sitting at an important cycle low $25.20. We need to break above to confirm start of an uptrend. Also crude and natural gas are exhibiting a bottoming phase and that aligns with CTRA cycles. Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.

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ER would decide the direction of the overall next cycle. Will it be trending upwards or if it will be trending lower. I did sell some few days back but will wait for ER to get my next heading with AMD. Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.

Stock_Legend Updated 

Humana bounced off the Fib resistance zone. Key support at $478.41 needs to hold in order for the trend to change direction. A close above $520.77 may indicate a new uptrend maybe on cards. Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.

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When we look at data from March 2021, the overall pattern seems to follow a cyclic pattern aligning with the green cycles. The smaller cycles in red are providing trend for the near term and price action seems to align with the smaller cycles as well for shorter time cycles. For the pattern to continue, we can expect a basing phase around this time (this is also...

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Apple needs to close above $140 and remain there to show strength and then chances of higher highs are good. Otherwise it looks like we are still in an overall downtrend channel.

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Although a short term bounce is on cards, the current trend indicates it will start trending lower towards end of Jan.. Hope we can break above Fib resistance levels

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But we are now entering Fib resistance levels.. Will be interesting!

Stock_Legend Updated 

With interest rates going up, and people shunning away from high growth tech, semi stocks and into more of defensive stocks is a bullish environment for NYSE:PG . Now with a solid chart with strong technicals has made me add more at these levels as I put my around 505 cash back to work

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Bullish wedge formation + Bullish Money Flow divergence - Sitting on a solid tech reversal pattern... All we need is +ve ER Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.

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Although the chart looks quiet bearish at face level, it actually may be bottoming. Looks like a bullish descending wedge is in motion. Also with rate hikes in picture, WFC is the most to benefit of all banks. With the 5/23 Chase investor meeting where they said increased their performance targets (reversing their commentary from Jan) - which indicates they don't...

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NASDAQ:QCOM seems to have a poor technical setup which increases the likelihood of stock filling the gap under $100. Silver Lining is the last ER call where Mgt downplayed a China Lockdown owing to the fact that consumer handheld business outside China remains strong and potentially offset China loss. Personally I'm on the fence here with an Avg around $141...

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Historically bounced on the 200 SMA 3 out of 4 times. Last time it breached 200 SMA but was brief and quick. This time the downside is similar to the other 3 times when there was a bounce on the 200 SMA. I hope that's the case this time as well. 5/20 Friday 2nd half of the trading day showed reversal similar to a bottoming scenario. It all depends on NVDA earnings...

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30% further down seems very unlikely but who knows how this market is. Recommend to wait further to see how this pans out or maybe start nibbling at these levels but expect to buy more as this dips

Stock_Legend Updated 

With Feds looking out to increase rates in locksteps fashion (eerily similar to 2018), is putting pressure on high growth stocks and AMD (infact all semiconductor stocks like NASDAQ:NVDA , NASDAQ:QCOM ) is right in the cross-hairs. In addition to rising inflation (which I do feel it may lower due to falling freight cost and maybe raw materials costs falls...