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Waveanalyses

Xiaomi: Take a breath 😮‍💨Xiaomi stock struggled to continue its uptrend last week and is currently trading slightly lower. However, we see this as a normal counter-reaction to the strong price gains and part of the substructure of the magenta wave (y), whose top and thus the end of the same-colored wave (B) should be in sight further north. Therefore, we expect that the bulls will soon regain the upper hand and push the price a bit higher. The high should initiate a change in direction and start a significant downward movement.
HKEX:1810Long
by MarketIntel
GDXJ: Revived 🌅In the current blue wave (c) of the GDXJ, the bulls pulled out their defibrillators and breathed some life back into the market. With a 5.5% gain, the wave extension continued, which should carry on above the next resistance at $43.89 and then enter the magenta Target Zone ($57.36 - $65.95). In this price range, both the top of the blue wave (c) and that of the overarching magenta wave (b) should be manifested. However, our alternative with a probability of 45% also remains valid. In this case, an imminent reversal would take place with the high of the orange wave alt.b.
AMEX:GDXJLong
by MarketIntel
1
Bayer: Down the hatch! 🍺After Bayer's stock recently tried to break through the support level of €39.91, it has now made another attempt. Whether the stock succeeds in sustainably breaking below this support level - as envisaged in our primary scenario - or whether it needs further impetus in the form of a corrective upward move is irrelevant for the further course of our expectations. We therefore fully expect a sell-off below this level, as we expect the low of the major wave (II) correction underway since 2015 to be around the 78.60 retracement at €30.84. Only once this low is in place do we see Bayer shares making sustainable gains again.
XETR:BAYNShort
by MarketIntel
1
UnitedHealth: Last hurdle 🚧Although UnitedHealth shares were able to establish the low of the turquoise wave 4 and rise steadily, they have not yet made it above the resistance level of $546.78. However, we expect this to happen next, leading to the high of the larger wave (A) in dark green. Short-term, we therefore expect further bullish potential, but after the top of this (A) wave, the trend should be clearly downwards again. In addition, there is a 35% probability for our alternative scenario, in which the alternative top of the old wave (A) would have already been deposited.
NYSE:UNHLong
by MarketIntel
Nvidia: Checked out🏨✅NVDA stock did not miss the opportunity to head for our last relevant target zone in line with our primary assumption. As soon as the minimum requirement was reached, the stock immediately launched a 17% surge, confirming the anchoring of the low of the green wave within this zone. Those who used this zone to enter the long side can now tighten the stop to the entry level. From here, the price should rise significantly and soon break through the resistance at USD 521.39.
NASDAQ:NVDALong
by MarketIntel
China Life Insurance: Bounced back🎾After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result, entry opportunities remain within the zone on the long side, with stops placed around 1% below the lower border. We expect the price to rise well above the zone and cross the resistance at HK$15.84. Only an imminent break below the support level at HK$8.53 would diminish this outlook. This would activate the 33% probable alternative, which involves a lower low of the green wave alt.(2).
HKEX:2628Long
by MarketIntel
Hang Seng Index: Motivated! 💪The bulls were able to push the Hang Seng Index significantly higher on Friday, moving it further away from the yellow trading range between 17,424 and 15,571. However, we still expect the price to return to this area as part of the magenta wave (2) to make a lower low before the reversal occurs. That said, given the price action so far, we have to increase the probability of our alternative to 41%. In this case, the low of the magenta wave alt.(2) would already be in place and this scenario would come into play on a rise above the resistance at 18,898. However, it should be noted that our long-term expectation has already been fulfilled with the completion of the trading range. In both cases, there is considerable upside potential in the medium to long term. The price should clearly overcome the resistance at 20,899.
HKEX:HSI1!Long
by MarketIntel
1
Apple: Trend-setting battle 🔥📈📉The bears have once again pushed Apple down to the lower border of the green target zone between $170.89 and $185. We continue to believe that the stock is in an overriding uptrend, but for that to be the case, it now needs to climb higher. In this scenario, the white wave (III) is expected to end well above the resistance at $198.23. However, it is important to note that our alternative now has a relatively high probability of 41%. If the price were to fall below $167.62, the first task would be the grey wave (IV).
NASDAQ:AAPLLong
by MarketIntel