Slack has been consolidating near the 0.618 Fib retracement level for a while now, and with the stochastic RSI being oversold and the MACD beginning to turn slightly bullish, we could be seeing a launch from wave 2 to wave 3 very soon. Keep an eye on this going forward.
#SAVE looking to break out here. The Elliot cycle lines up pretty nicely, the technical indicators are favorable, holiday season is coming and there is possibly going to be some news of a vaccine from the CDC in the coming weeks. All this points to a high probability trade setup.
Since the March lows, Apple has gone through 2 Elliot Impulse Waves with an ABC correction in between. Now we are in the middle of wave 3 with a maximum upside of ~$138 in the short term, followed by a pull back to as low as ~$127 (or more likely ~$131). Following this, the current impulse wave should end with a final push to ~$145 or higher (if the wave 4...
slightly updated chart showing wave 3 to wave 4 retracement
This analysis assumes a wave 3 to 4 retracement with a buy zone between 10.63 and 11.70