$KORE is just starting to Heat Up--We just got a quick taste of what to expect in the coming days...SUPER explosive day(as the FLOAT is VERY tiny due to the redemptions that they did).
I REALLY suck with Elliot Waves and Fibs, but I drew some Retracement Lines and some trend lines...
IF I did it right(Which I doubt I did, but like 10% I did it right)---Then I forecast that $KORE's next leg up will be at $10-$12---and we should be hitting that sometime Tommorow or on Monday....Not financial advise, I'm quite a rookie----
What I did notice was the .78 Retrace from the HIGH was a SUPER deep retrace(which may take some more conslidating before legging up)...if it had respect the 0.61 or 0.5 retrace area then I would be EVEN more Bullish...but I've seen some Reversals In my days and $KORE looks like it's JUST getting Started.
Analyst PT from three seperate analysts including 1 TOP notch analyst who has it listed at $18---The other two ($17 & $14)...Let me know what I did wrong with my lines and drawings, I'm just a rookie learning the ropes with Elliot Wave stuff
Noobie
NOOB INVESTOR PREDICTION - TESLA (TSLA) I honestly have no idea what I'm doing, but everyone starts somewhere!
Just highlighted some support levels and making prediction for the next 10 days ahead.
I expect another dip tomorrow of around $15 to about $460.
hopefully retest the rally support level and find momentum until reaching $480 again on Sept. 3rd.
This will be followed by another slight correction and then right back in to another push back up to around $485 in the following days.
I could see some fear arise in a slow trail off from that spike resulting in some consolidation,
a potential dip back down to retest around $475 on Sept. 8th,
and then I could see confidence building by September 9th, 2020 and then continuing on through market close on Friday Sept. 11,
where we will finally see new all time high of around $530-$540 and a nice moral boost for US innovation on a day of mourning.
This boost would most likely propel the share price, leading up to the Tesla Battery Day announcements.
My bet would be, TSLA @ $540 on 9/11/2020.
...but what do I know?!
Noticing breaks in support and the reactive spike upward. First post to anything really, so bare with me.
If you are someone like me, new to trading and aren't very knowledgeable in TA.
I suggest finding patterns for yourself like I have. Don't need any fancy lines or angles. I actually don't use any, just have them there for the purpose of this tip.
As you can see, every time it breaks the support it just keeps going down then shoots right back up. This I think is because a lot of people have their buys set on the support.
Once people see that it breaks that, they panic. Especially if they see it break their fancy lines. That's when you can start laddering your buys in. (there's never a way to tell when the best buy or sell is, so always try to ladder your funds in).
Fancy lines are actually great, one day I hope to be able to use them well. But in the mean time its good to go through the history and find patterns. You can even go further back and see that it follows the same pattern over and over.
Feel free to critique as I'm open to learning new things.
This is not advice, this is just my strategy.
Thanks and wish you all da money.