powerintegral

powerintegral

Denison Mines is breaking out of its 12 years range on massive volume. The huge demand for clean energy, particularly with AI's exploding growth and needs, means a lot of positive news coming for the nuclear industry. Coupled with the devaluation of developped markets currencies, this could propulse DNN much higher. Next resistance is the $4 area, then there...

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First Majestic Silver has reached the line linking the lows since 2008 giving a support in the $4.20 area. We believe the stock is due for a rebound towards at least $6.15, possibly as high as $9.80, as long as the $4.20 area is holding. A break below $4.20 would open $2.40, potentially even $0.67 which is the all time low.

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NVidia has reached the line linking the lows since 2022. It is also showing some negative divergence on the momentum RSI-5 indicator. Would be expecting a pullback towards at least the $600 area, even maybe the $505 area. A break above the recent high near $750 would invalidate this view.

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The ratio of XLG (S&P Top 50 largest stocks) to SPY (S&P500) is approaching historic all time high (since 2005) and resistance area. We would expect a reversal of trend with mid and small caps outperforming the largest caps, the big 7 among others.

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Tesla is still into a complex correction but among all the possibilities coming forward, the 2 that stand apart right now: The 1st one is the potential reversed Head & Shoulders (where the current level around $190 would be a great entry point) with a target in the $500 area or the large triangle with a target in the $565 area. The 2nd one is the large...

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NVIDIA seems to be near the completion of its wave 3. In log scale, we can easily see 5 waves completed forming the inside of wave 3. In the log scale chart we are also at the resistance area of the line linking the tops. A pullback, possibly all the way down to $400, would be imaginable for a wave 4. We are seeing negative divergence on the RSI-21 week which...

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The China tech sector is looking was oversold and due for a sizeable rebound soon. Alibaba (BABA), among others, seems near to complete its corrective B wave and start a new upleg. Only a break below last year's low would invalidate this view.

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The ratio of SILJ (junior silver stocks)/URA( uranium stocks) has reached its A-B-C target and double bottom area. It is also showing a bullish divergence on its momentum indicator. We like very much the uranium sector over the long run but are expecting an out-performance of silver stocks over the coming months.

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According to the CEO of NVDA, the next big revolution is coming into biotech. Biology will be engineered and therefore will compound exponentially. Now might be a good time to enter this field.

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XME recently broke above its resistance and seems ready to move higher towards the $70 area.

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Tesla drop stopped right onto what would be its right shoulder of a bullish reverse head & shoulders pattern. As long as this support holds, the potential is bullish towards the all-time high near $414.50 then $500. Otherwise, a break below the recent low near $194 would invalidate it and would probably mean that Tesla is in a longer process triangle...

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The VIX seems to have validated a bullish pattern, the reversed Head & Shoulders with a target around 27 and intermediate resistance with the line linking the tops near 24. Only a break below the shoulders level around 15 would invalidate this view.

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Gold seems to have completed its corrective wave and ready to move back higher towards 2470. A break above the previous all time high near 1920 would give even more weight to this call. On the other side, a break below the recent low of 1810 would reduce our conviction. A break below the uprising trend line near 1740 would invalidate this view.

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The TNote (US 10 year yield) has entered its target area for this up movement from the bottom. Resistance area is between 4.65% to 5%. We are expecting a pullback below 4% for the next months. Then the uptrend should resume towards 7%, possibly higher. A break above 5% would invalidate this view.

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Tesla (TSLA) seems to be in a bullish situation with a reversed head & shoulders pattern targeting the all time high near $415. The Elliott wave count also seems bullish towards at least $325 with possible extension towards $415.

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Euro Stoxx futures are looking highly toppish, trading near important resistance levels, Elliott Waves targets and showing bearish momentum, There is a possible huge downside scenario that would imply a more than 80% correction on the index, towards the 831 level. A breakout above the recent highs, near 4513, would invalidate this view.

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Tesla (TSLA) has reached its resistance of the lines linking the tops and has reached its overbought area on RSI(5) on a weekly basis. We are expecting a pullback, as long the resistance near 300 is holding, towards at least 241, 218 or max 140.

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The S&P500 has reached its rebound B wave target area near 4400. We are now expecting a drop towards the line linking the lows since 2008, near the 3100/3000 area. RSI-14 is also at resistance. A break above 4620 would invalidate this bearish view.