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CDNS - Another Tech is Approaching Deep Correction?Is it time for overpriced tech stocks like Cadence Design Systems , specialising in software and hardware, to go into considerable correction to let some steam out? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years Profit margin - 23% in 2021 but dropped from 42% in 2020 P/E - extremely overpriced with 56x ratio Liabilities - no problems with debt Technically: An impulse like correction in March 2020 has completed Running Flat (ABC) wave 4 as part of bull trend that lasted since 2016 Since then the final wave 5 has commenced with 2 impulses that formed a zig-zag of wave 1 This choppy movement suggests that it is not a rapid impulse developing but an Ending Diagonal with 3-3-3-3-3 structure Hence two more zig-zags can be expected to reach and slightly update historic maximum of $192 Once the global wave is completed a deeper correction can be expected to the levels of $95-$120 which represent 0.382 and 0.5 Fibonacci retracement levels respectively What do you think about this scenario for Cadence Design Systems ? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NASDAQ:CDNSLong
by vitalalyt
SRE - To Short Energy Company when Energy Prices Rising?Although the world is clearly experiencing energy supply shock and the prices for oil and gas are exponentially rising is it possible for Sempra Energy , producing electric and gas infrastructure to sink? Fundamental indicators: Revenue and Profits - not demonstrated consistent long-term earnings growth over the past 10 years Profit margin - impressive 33% in 2021 but is it going to be as good in 2022 with looming recession P/E - extremely overpriced at 40x Liabilities - no problems with debt Technically: The correction of March 2020 was formed by a rapid motive wave and more precisely by a zig-zag Since then the bull run which has culminated in April 2022 was very choppy and very unlikely to be an impulse or ending diagonal This means that it was a complex wave B of the overall Running Flat correction and another rapid impulse like correction may now take place In this scenario wave C is normally of the same amplitude as wave B hence the target of $99 Do you think it's possible for Sempra Energy to drop by 70% before the new growth cycle begins? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:SREShort
by vitalalyt
RY - Time to Close Long Positions and Short the Banks?Is the largest bank in Canada, Royal Bank of Canada , able to have another push to the upside considering the looming recession or is it time to eject and reverse to short positions? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years Profit margin - impressive 32% last year P/E - reasonable ratio of 11.5x Liabilities - although debt has increased in the last 5 years it is still reasonable for the bank industry Technically: The sharp fall in March 2020 completed the global correction since the great financial crisis in 2007 Since then the bull run has been clearly formed by an impulse where the last 5th wave is currently developing with Ending Diagonal (Elliott Wave structure) The remaining part is the zig-zag ABC to update the historic high of $119.41 Thereafter, it is possible to observe a lengthy and very deep correction to the level of the previous correction $49 or even deeper Note - in order for this scenario to be viable the price cannot go higher than $122.39. This is because wave 3, following Elliott Wave rules, cannot be the shortest in impulse, hence the constraint on the price level of the fifth wave Looking at both fundamental positive indicators and potential wave structure what do you think about this scenario? Are you planning to trade Royal Bank of Canada ? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:RYShort
by vitalalyt
2
MMC - Last Ticket for Bulls?One of the global professional services firms that is still enjoying the bull run but is it for long and can retail investors join it? Fundamental indicators: Revenue and Profits - consistent long term growth for the past 10 years Profit margin - effective company with circa 16% P/E - overpriced at 25 Liabilities - no problems Technically: Following the correction in March 2020 which has completed an Extended Flat wave, there was an explosive growth in the final 5th wave It looks like the lower degree waves have also progressed to the extended 5th where the final impulse is about to start once the current Running Flat correction is finished The target for the final wave can be identified by Fibonacci levels and in the range from $187 to $209, which are 0.618 and 1x of wave 3 respectively Given the next earnings report is in the end of July, this bull trend may last until then Looking at both fundamental and technical indicators there might be a possibility for short term trade with a circa 20% upside, however risks are growing and it might be better idea to wait for the report and act accordingly. What do you think about this idea? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:MMCLong
by vitalalyt
HPQ - Was it Good Bet by Warren Buffett?Following the news about the purchase of 11% HP shares by Warren Buffett in April the price was up by 17%. Who can question the King but let's have a quick look if it was such a good idea and if the retail investors should follow him or look the opposite way in the short term. Fundamental indicators: Revenue and Profits - not consistent for the past 10 years Profit margin - averaging at circa 7% so it is not impressive either P/E - very attractive at 6.6% compared to the market average Liabilities - signs of debt problems with growing liabilities which exceed assets Technically: Following the global correction that lasted 20 years and took shape of Contracting Triangle we can observe 5 wave impulse since March 2020 This impulse is at the final stage with completed waves 1 to 4 The 5th wave is forming now in the shape of Ending Diagonal which can be explained by the choppy movement Once the final wave updates the current maximum of circa $42 there might be a sharp drop in the first corrective wave to the region of $20 to $25 representing 0.382 and 0.5 Fibonacci retracement levels respectively Given the rising risks of global recession and mediocre performance of the company, was it a good idea for Warren Buffett to get into this deal or is there some insider information that we are missing? What do you think about this? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:HPQShort
by vitalalyt
3
Waste Management - Time for Big Short?Although not a 'sexy' and popular tech company Waste Management has enjoyed an exponential growth for the past decade. Is it time for this bubble to burst? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years (124.63%) Profit margin - not impressive but decent 10.30% P/E - quite overpriced at 36x considering this is not a growth company Liabilities - no problems there Technically: Although the share has enjoyed good growth since March 2020 fall, another considerable drop in 2022 has completed a lengthy and running correction of Wave 4 Since then there was an Ending Diagonal developing and only last wave C of 5 left After slightly updating the high it is possible for the price to go into long term correction with a considerable drop in the first wave The target is likely to be the range between $85-$105 which represent 0.5 and 0.382 Fibonacci retracements respectively What do you think about this scenario? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:WMShort
by vitalalyt
Amphenol Corp - Possible 25% Upside?Not a well known company Amphenol Corp producing fibre-optic products which has surprised market expectations in the last earnings report and may have a good upside for short term investors before global correction. Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years Profit margin - is at circa 14.6% P/E - a little overpriced at 25x Liabilities - no problems there Technically: Following the correction of 2020 which has completed the Expanding triangle, a new 5 wave impulse was developing Waves 1-4 however have formed already with the last one as a Running Flat And it's time for the last impulse or diagonal to follow The target is likely is to update the current high of $88.33 which can make a healthy 25% in a short term What do you think about Amphenol Corp , is it able to make the final push for the historic highs? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:APHLong
by vitalalyt
1
BITCOIN - To The Moon or Into Deeper Correction?It is certainly difficult to predict the next move for Bitcoin but one of the alternative options is the beginning of a new cycle which may accelerate the price growth of the crypto giant. Few points to support this idea: The global count indicates that five wave impulse has been completed at the peak of April 2021 - chart is to be shared as an update to this idea In this case the movement between April 2021 and January 2022 is a Running Flat correction which perfectly completes global wave 2 Since then the coin is at the stage of accumulation having formed wave 1 of global wave 3 And now wave 2 may possibly take shape of another running correction which is typical before an exponential rally All of this is a raw scenario at the moment until we get a confirmation breaking the levels of 48,189 or 32,917. So let's wait and see what our favourite Bitcoin brings us. What do you think about this scenario? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
Long
by vitalalyt
BITCOIN - New Cycle to $1,000,000?It is time for the crypto giant Bitcoin to start new accumulation cycle? The view presented here is in log scale in order to understand the global structure of waves. For more detailed assessment to see the granular breakdown of waves please view the idea attached in the Update section. What do you think about this scenario? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
BITSTAMP:BTCUSDLong
by vitalalyt
6
Brent Oil - To Slide Before Heading to $150?It is near impossible to following all the developments in the geopolitics and try to forecast the price of Oil but what does technical analysis suggest? Elliott Waves break down: The sharp fall in March is clearly a motive wave which is likely based on a double zig-zag The correction that has been forming since then is clearly a triangle but this type is very tricky and more often than not confused a lot of traders Looking at the symmetry of the overall correction it is more likely that exit from the tringle is to be triggered downwards In the case of this scenario the next wave will also be in form of zigzags and retracing from 0.618 to 0.786 of wave X hence the target of $84 to $89 As mentioned earlier, if the triangles are very condensed and of high amplitude it is more difficult to predict their development. So let's see what happens next week and update the count as needed. What are your thoughts about this scenario? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
TVC:UKOILShort
by vitalalyt
4
NET - Is it Worth Risking for 130% Upside?Do you believe in Cloudflare enough, the company which is still not profitable, to invest at this stage? Fundamentally: although revenue grows exponentially the company is not making any profits, there is not much else to add and a lot will depend on the upcoming earnings report Technically: It is very tricky to analyse Cloudflare as it is a relatively young company and at its infancy development stage hence there is not much to assess on the graph The proposed scenario, which is one of many, may look plausible if to consider that cyber security industry is crucial more than ever these days One may count an impulse in the wave formed from March to November 2021. However, this scenario is based on the premise that this move was part of a Running Flat correction which completed in January 2022 Since then there were two impulse like movements that can be interpreted as zig-zag of the first impulse in the developing Ending Diagonal Is it possible that this scenario may play out? Let's see the report and will revisit this thought. However, at the moment it might be risky to go either way. What do you think about this idea? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:NETLong
by vitalalyt
3
McDonalds - Dividend Aristocrat to Correct by 30%?Are we about to observe similar drop for the global giant McDonalds that we saw in 2020? These are few points that may trigger it: Fundamental indicators: Recession - warning macro signals suggest that world economies are slowing down and recession is possible within a year, this may be reflected in the forecast of the company, like any other in S&P500 Eastern Europe conflict - suspension of business in Russia will certainly have an impact on earnings P/E - is quite high at 25x and possible correction may let some steam out of the overpriced stock Liabilities - rising against assets and equity which may be at uncomfortable levels for investors Technically: Since the significant drop we saw in 2020 there was a hype in the market linked to Fed 'money printing', however the bull run is difficult associate with an impulse. Hence this is a complex running correction forming with double zig-zags. And one of the distinctive points of this correction is that waves W and Y are very symmetrical and of the similar amplitude The potential correction may be very rapid after the earnings report and reach levels of $190 to $170. Alternative scenario - if the report comes out positive then wave X may continue extending and to update current highs before repeating this significant correction What are your thoughts about this scenario? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:MCDShort
by vitalalyt
2
TSM - New Growth Cycle with 100% Potential?Is the world leading chip maker TSMC about to start a new growth cycle? Fundamental indicators: Revenue and Profits - exponential growth Profit margin - is at circa 37%, impressive figure considering the growth levels P/E - reasonable at 23x Liabilities - no problems there Risks: Recession - is not likely to have a big impact on TSMC as demand on its products keeps growing, but it may impact share prices when the market starts correcting China tensions - this is the highest risk to stability and future of this business which is difficult to assess but it certainly needs to be taken into account Technically: Following correction of 2020 there was an explosive growth in the share price of TSMC which indicates that it was wave 3 using Elliott Wave analysis And looking at the structure of the correction that has developed since the peak - the impulse like movement at the end suggests it is an Extended Flat At the lower time timeframe it is visible that the fifth wave of this impulse is quite choppy which indicates that ending diagonal is developing and soon there will be a reversal Given the depth of the forming wave 4 is 50% (using Fibonacci level) the fifth wave maybe not as explosive and may reach $150 to $190, which is impressive 100% jump from the current price level Alternative scenario - there is a possibility that wave 4 has not completed yet and it may drop further, however, at the moment it looks unlikely Do you think that TSMC is going to start another impressive bull cycle? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:TSMLong
by vitalalyt
Visa - Can it Still Jump 30%?Is the financial giant Visa still able to show upside of up to 30% given the struggles in the world? Fundamental indicators: Revenue and Profits - keeps growing and beating expectations Profit margin - is at circa 50% which makes it one of a kind P/E - is quite high at 35x but may be deemed acceptable with this sort of business efficiency Liabilities - no problems there Risks: Recession - is most likely approaching hence will eventually impact this impressive business as well Eastern Europe conflict - suspension of business in Russia will have some impact on earnings Technically: It is clearly visible that Visa was enjoying exponential growth up until 2020 - which can be marked as global wave 3 using Elliott Wave count Following Fed's pump of money into economy it stretched the correction into a Running Flat which ended in February 2022 And now we are potentially enjoying the final fifth wave which already looks that it may develop into Ending Diagonal when observing in lower timeframe Specifically it looks like the first wave has already been formed by zigzag ,and now that the second wave has completed the third wave is developing Depending on the shape of the fifth wave, Ending Diagonal or Impulse, the target is potentially ranging from $250 to $270 using Fibonacci levels Alternative scenario - there is an alternative scenario that the fifth wave has already completed but it looks very unlikely at the moment So the question is - will Visa be 'the last man standing' continuing the growth before crisis hits the global economies? What are your thoughts about this scenario? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:VLong
by vitalalyt
Mastercard - Time to Prepare for Deep Correction up to 50%?Is there much left to squeeze out of the never ending bull run on Mastercard ? Fundamental indicators: for the long time Visa and Mastercard were undefeated corporate giants with unbelievable circa 40% profit margins and growing exponentially since 2008 crisis. Let's look at some factors, if any, that may break this trend Recession - warning macro signals suggest that world economies are slowing down and recession is possible within a year, this may be reflected in the forecast of the company Eastern Europe conflict - ban on use of Visa and Mastercard in Russia will certainly have an impact on earnings P/E - is quite high at 39x and possible correction may let some steam out of the overpriced stock Technically: Following the correction of 2020 which took a form of Running Flat (ABC, 3-3-5) it is very visible that the price is moving very choppy which usually suggests that there is not much energy left in the bull run and Ending Diagonal is developing The Ending Diagonal takes structure of 3-3-3-3-3 and the current proposed idea indicates that waves 1-4 have completed and wave C of 5 is about to begin to update the high of $402 What's next - given that the last correction was nearly 540 days, the next one will be even longer once the Diagonal is completed. The shape and depth will be clear during the development but it's likely for the price to test levels of 250 (0.382x Fibonacci retracement) or even $200 which is 0.5x. It will be clear what scenario is developing following the upcoming earnings report. Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:MAShort
by vitalalyt
4
BTCUSDCOINBASE:BTCUSD After a 12345 correction is time to wait for bitcoin to choose a direction. This will be indicated by a "Motive Wave" Motive Waves In Elliott Wave Theory, the traditional definition of motive wave is a 5 wave move in the same direction as the trend of one larger degree. There are three different variations of a 5 wave move which is considered a motive wave: Impulse wave, Impulse with extension, and diagonal. EWF prefers to define motive wave in a different way. We agree that motive waves move in the same direction as the trend and we also agree that 5 waves move is a motive wave. However, we think that motive waves do not have to be in 5 waves. In today’s market, motive waves can unfold in 3 waves. For this reason, we prefer to call it motive sequence instead. www.google.com
COINBASE:BTCUSD
by CFlo17
AUDUSD Trend Analysis And signalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be profitable Note that there is no 100% analysis and it is possible to stop flirting This is a personal analysis and you should not enter into a transaction without review If you know this, make a purchase Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction. High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking. This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Long
by Sina-TFX
GBPCAD Analysis and signalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be profitable Note that there is no 100% analysis and it is possible to stop flirting This is a personal analysis and you should not enter into a transaction without review If you know this, make a purchase Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction. High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking. This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Long
by Sina-TFX