NAS
NAS/BTC - 30% targetHello
As you know, NAS has just been Listed on Binance, so we have too few databases to measure.
However, on what we can see, the NAS is preparing to complete five down waves, entering the correction zone after months of continuous discount.
The trend of NAS will complete the wave in the chart area 5 minutes, reaching the peak with target 5359 and finishing the bottom to return to the up trend.
EP: 4820
TP: 6337 (or lower)
With waves falling like this, we recommend placing SL carefully, and setting the target below the highest target (6825).
Good luck
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Super Bullish for NAS, When Will We Break Out??Looks like NASDAQ is leading the way in the stock market in terms of bullish strength. We're knocking on the door of ATH's, and I can say with some confidence that we will breakout at some point in the near future. It's possible that we can break past ATH's on the first attempt, but I am a little reluctant to become an aggressive buyer just yet. A small rising wedge pattern looks like it's forming, and I would like to see us retest the 50 Day MA as support. Both the 200 and 50 Day MA are now trending up, so this retest followed by a bounce would be an ideal setup for a trade.
I've also seen these rising wedges breakout to the upside for the NASDAQ so this is also very possible, especially considering that we remain in a strong long term uptrend. If we manage to break past 7200 then then I would see this as an ideal setup for a trade as well. Often when breaking out from ATH's or any bullish pattern, you can expect a quick correction back to test the breakout level as support, so that can present a good buying opportunity if you miss the initial breakout.
SHORT ON THE US NAS 100I've got a bearish approach all the way, I believe that we're going towards the downside targets of 6700.0.
Of course, prices could respect our current support level at 7000.0 and break to the upside in which I've got a buy entry placed as insurance at 7160.0.
HOWEVER.
I strongly believe prices will plummet down to lows of 6700.0/6400.0/6300.0 .
TP: 6700.0/6400.0/6300.0
Amazon's Periodic HabitsOn the log scale, there's a clear trend channel. However, the action that occurs within each quarter varies predictably-- after about 40 days into the quarter, any trend that has formed gets broken. Green vertical lines are a day after quarterly reports, white lines are when the trend for that period gets broken. Arrows are overall market events, which cause anomalies in the charting. My prediction at this point is that since we broke out of a longer pattern (light blue line), it will follow the angle of the trend channel until the next overarching trend emerges, as it did starting 9/4/15, where the longer pattern (red line) ended.
IBM's well oiled wheel could be about to drop off. Just read this article on www.marketwatch.com
"IBM
• Sector: technology
• Market value: $160 billion
• 2014 return: -13%
While most large caps have risen from October’s slide, IBM has been left behind. That means a great buying opportunity for long-term investors.
IBM is one of those mega-cap tech stocks that have a place in almost every portfolio. For starters, there’s the 2.7% dividend yield and a history of payouts since 1916. There’s also the stability that comes with a company that does roughly $100 billion in annual sales and sports over $14 billion in cash and investments on its balance sheet."
Source full article : www.marketwatch.com
One could dig real deep and find all sorts of justifiable reasons why such reputable company should continue it's upward price trajectory in to indefinite future.
However, from the price history on this chart, I suspect that we have just completed a 5 wave cycle that could be also a larger 5 wave cycle that began from bottom of 1929-1932 Wall Street crash. See the chart of Dow as surrogate for the sector.
Even ignoring the price history before 1980, having completed 5 wave cycle, EW guidelines suggest price correcting to wave 4 low of one cycle degree lower. That suggest a ball park figure in the region of $70-50 area.
Is it the right time to buy this stock or many others like it. I think not. Rather wait for few more year and pick it up at bargain basement price may be $50 or lower.
Or better still consider long term far out of the money PUT Options and sit back.
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