MarkitMaven

MarkitMaven Updated 

Algo has all we need for a currency. It worth more than a dollar already but should worth 5 times more. There is going to be a little dip in the short term but long term, Algo will worth 5 dollars. Watch for this handle forming within the next month, and then there is the moon.

MarkitMaven Updated 

It looks like we are forming a W on the 4-hour chart, marked with the green arrow symbols. If this continue to form and price hit the current resistance level of 39-40, then we should see 3 scenarios to play out based on the trendlines and resistance levels. Considering that price is under 200 MA, the second scenario has the highest probability to play out but...

MarkitMaven Updated 

SPY has been performing great in the last few days but can it go any higher? Of course, but after a short break. There could be a week or two of bloodshed beginning next week or just some mellow corrections for a few days. There are a few indicators that are suggesting this prediction including the lowering volumes, convergent MACD, and sky rocketed RSI. Also,...

MarkitMaven Updated 

As devastating as it is today, the worse is yet to come. It's possible that CAN retract for a day or two but the downtrend is inevitable and most likely won't stop for another %50 loss. This was not unforeseeable considering the gap that was about to be filled as you can see in white boxes.

MarkitMaven Updated 

We are not in a bull market and today was a quick rebound to a few days of lower prices. Also, the interest rates are at a dangerous level and the stimulus checks are expected to go toward savings and paying up debts, as opposed to "flooding the market". So what does that mean for SQ? The most probable scenario is a short recovery to 237 followed by a medium scale...

MarkitMaven Updated 

Looks like SPCE is forming a head and shoulder and should hit 22 but if it breaks under the red trend line, the next target should be around 18.

MarkitMaven Updated 

CRSR bottomed out on March 5th and had one higher low so far, which is arguable but still counts as a bullish signal in a combination of the double bottom it has formed (green arrow icons). That combined with "widening" MACD and the fact that it has broken out of two different downtrend lines (yellow lines), the continuation of a full W is more likely than the...

MarkitMaven Updated 

Price is flirting with 200 MA right after touching the massive resistance area of $17. Candle stick patterns are also supporting the down volume on the hourly chart seen in the past few days. Target is $13.75

MarkitMaven Updated 

I think so! at least partially. Based on my previous analysis, and I still think that SPCE will go further down before it goes back up by their next test flight date on May 21st. That makes the 2nd scenario (blue line) more likely especially since we've been going through a period of consolidation under 200 MA making (bearish trend), and there is a gap to be...

MarkitMaven Updated 

We should not lose sight of 30-year trend of US Bonds 10Y Yield. Please see the chart.

MarkitMaven Updated 

There are some clear indications that growth stocks are up for another run, but how far is still unclear. So I'm going to play it safe and not shoot for starts! First: It all comes down to Nasdaq sensitivity to 10 year bond yield, which is decreasing overtime due to feds doing all they can to reassure the market that inflation is under control, or at least,...

MarkitMaven Updated 

Dear Traders, We were all excited when LI stock started to reach it's ATH in November but it has been on a down trend since then. A lot of its supporters have bailed out and are waiting for it's next big move. Is that big move now? Based on this analysis, we have a strong price rejection at our major support line shown in red, which could a sign of trend...

MarkitMaven Updated 

Dear Traders, I hope this is a false break down of our beautiful upward channel but if it's not, it's likely that we go further down to our support level at 36.20. Otherwise, we should see a trend reversal following previous price movements and hit 50 in about a month. Of course, market does whatever it likes to do and these prediction might not mean anything...

MarkitMaven Updated 

Tesla is obviously overvalues and needs a correction sooner or later. Based on my analysis we're going to have a good sell opportunity today and wait for the dip when the stock corrects its value within the next couple of months. Take a look at my analysis and comment your opinion below.

MarkitMaven Updated 

Dear value trader and holder, as you know LI Auto is a company that will grow overtime. It has some strong competitors in China and around the glob, but so far LI has been performing better than the rest (not stock-wise!) and should have a decent sustainability in the long run compared to other local EV companies. So if you are a value trader or a holder, I...

MarkitMaven Updated 

Going strongly above 50 and 200 MA.

MarkitMaven Updated 

Dear Traders, Last time I posted on SPCE, I mentioned that the price is going through a correction following Elliot 4th wave and today we can see we have hit the bottom of wave with a strong price rejection at 38.40 near 50 MA. This could be a confirmation that we are at the bottom of the wave and should start wave 5 tomorrow but we might get even closer to 50MA...

MarkitMaven Updated 

Safe bet would be to enter at 0.90 but a you don't mind "missing out" for a larger gain set a limit at 0.83. Not a financial advisor.