#NASDAQ keeping me bearishCURRENCYCOM:US100
Current count holds on to the possibility of a relatively short to medium term reversal.
Last move, if true, should NOT go past the 1:1 ratio of submicro wave 3.
This is to satisfy rules for a contracting ending diagonal.
Submicro waves must be 1>3>5 and 2>4.
Count invalidation at ~9640.
Elliottwaveanalyis
#HON #DOWNYSE:HON
RSI hourly divergence, daily squeeze yet to rip, higher highs, higher lows, and decent count here.
#BA #DOWNYSE:BA
For a little over a month Boeing looks to have been consolidating in a contracting triangle.
That is, lower highs and higher lows till recently. A slight lower low and potentially a clue here
Consolidation possibly done and expecting new lower prices.
Will be looking for an entry before market close.
I go by the book. Questions or concerns please go right ahead.
Elliott Wave Analysis of Gulf Keystone Petroleum (GKP)Long term Weekly EW Analysis of GKP.
- On a basic fundamental level GKP, as of today, has more cash than the value of their Market Cap and Debt combined (+£35M more). The last dividend was 16p. Whether they can maintain this going forward is another question.
- In my EW analysis, the price target for the next and final drop in this phase is 30p, but anywhere beyond and above 1.1p is fine (huge range!!!).
- Once a low is struck he next major EW target is at ~£3.50. With price eventually targeting £8.00+