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On the technical side, there are hopes for growth. These are divergences (although there is a hint of small hidden bears) and some sloping, conditional double bottom. If we fix above 148, then the growth will suggest further growth (as a confirmation). However, globally xly and in general the index looks more down, it is more likely to go like a giant, along with...
Probably the end of the correction occurred, it is assumed that it was in the form of a plane. Wave B was 0.618 from A, estimated C 0.618 from A., total correction of wave 3 to log 0.5, not to log 0.886. Thus, according to the fibonacci values, we can say that the correction is over. In the current situation, we need to consolidate and pull back on ema20 at the...
It would be ideal to see a decline to 60, where the top (1) and the fibs match up perfectly. However, we see a reaction from 70. RSI Divers Then we can expect growth to 90-95 after the test 80 (breakthrough ema20). After that, it would be logical to expect accumulation, i.e. decline into wave C with targets of 60 and 45. Such "accumulation" is real, if you look at...
THOUGHTS ON THE TOPIC. NVDA is VERY expensive and there is a lot to fall to reasonable prices. In theory, now the level for a rebound is good, but it can also be considered as an opportunity to temporarily "get stuck", which happened. In general, I would look for 190 and 150 - good and technical levels and fibonacci. I would like to hear your opinion, discussion...
A good setup for a reversal, the level of the top is 1. Something similar to a hidden divergence looms during the week. If such a risk suits you, you can long, BUT The main problem for this company, although revenue is growing, but the profit even goes more and more into the negative zone. In the conditions of a possible significant increase in rates, the price...
The RSI is already at the bottom, according to the Fibonacci correction, it is already at a significant level of decline. Also in the week of the ema 200. On the weekly timeframe, the RSI has a hidden bullish divergence relative to the class B ema200. Why not try long? (stop big, TR conditional)
The biotech index looks sad so far. However, considering a specific stock, we have that we have bullish divergences, although not sure, the level, as well as the ema200 for the week. From the fundamental one, you can attract interest in RNAi technology. Recently, DRNA was purchased with their platform, this company has its own, respectively, and the same areas of...