andrewyu02

andrewyu02

HSI has broken out of the descending daily trend line, and also found support at the 200. day EMA. With a potential bottom having formed, the first price target for the coming move up would be 21377 which price previously rejected twice from. Beyond that, price can target 22686, then 25048 which is the top of the golden pocket, being the 0.65 retracement of the...

andrewyu02 Updated 

Enphase has a presented a solid bullish setup with 2 impulsive moves that retraced to their respective 0.618 fib level, and a breakout of the descending trendline. A long can be taken now with a stop loss at $68.50 and price targets at $90, $100 and $115, the last being the mid point of the large consolidation range on the monthly timeframe.

andrewyu02

AMD has failed to hold support after failing to breakout of the descending trend line. The preferred price target would now be $94, which is the 61.8% retracement of the move up from $54.5 to ATHs, as well as the 1 to 1 extension of the move down from the ATH to $122 from $173. Price is however now sitting at the 200W EMA. Should price show a bullish reaction...

andrewyu02

Price has found support at the 200W EMA which coincides with a critical zone of support between $69 to $71. On the daily timeframe price looks to have formed a corrective move to the downside following 3 strong daily candles. A long position can be entered here with a stop loss at $69.32 and price targets at $79, $86, $90

andrewyu02

Roche has found support at a weekly order block after correcting downwards following the previous impulsive move up from the May lows. A long can be entered now targeting the previous swing highs at 294 and 333, with a stop loss at 243.

andrewyu02

ADBE has broken below the 200W and 50M EMAs. Further downside can be expected at this point with a potential bottom being at the 0.618 fib level, which is also around the 100M EMA. A short entry would present itself should price recover to fill the gap around $493-$517 PT: $370-$380 Should price not reach the target, a bottom can be confirmed if the 5D, 10D, and...

andrewyu02

- Price has retested and held the weekly descending trendline - on the daily timeframe, price has formed 5 waves and is holding the 0.618 retracement - enter now with a stop loss at the previous swing low around 494 - upside levels to watch: 540, 570, 620 - beyond 620, new ATHs can be expected

andrewyu02 Updated 

Price has recovered sharply from an equally sharp pullback which bounced off the 0.382 retracement of the move up from the Oct 03 low. Price seems like it will soon hit the 0.618 retracement of the larger move down from ATHs.

andrewyu02 Updated 

SOL seems to be heading towards $215, an area of consolidation on the daily chart, and also the 38.2% fib level of the move up from 4 Nov to 22 Nov. Wait for a reaction and daily candle close from that level to go long. Price should then hit at least $273 in the next leg up.

andrewyu02 Updated 

FET seems to be on the verge of a breakout that would start the next run up with a minimum price target of $17.50, looking at the 1:1 extension of the 2020-2021 bull run. Price has been breaking above weekly descending trend lines and further confirmation would be received with candle closes above the last swing high (~$16) and the 0.618 fib level (~$2)

andrewyu02 Updated 

After having completed 5 waves up from Sep'22 to Jul'23, EUR/SGD is coming down in what is likely a corrective ABC move, in which the A wave and B wave (in the form of an ABCDE correction) are already complete. A C wave is now due which would ideally take the rate down to the 0.618 retracement of the 5-wave move up at 1.416 SGD per Euro.

andrewyu02

Price has retraced to and reacted from the 0.618 retracement of the last move up, and a bullish engulfing weekly candle seems to be forming. With potentially 2 1-2 setups, a large third wave rally could be soon to follow

andrewyu02

ANF seems to be on the verge of breaking out of the triangle sideways consolidation. A move to the upside seems likely if we consider this a wave 4 triangle. Confirmation would be received with a weekly candle close above the triangle.

andrewyu02 Updated 

Price has fallen to the 61.8% retracement where it could potentially find support. forming an inverse head and shoulders, and recover into the 61.8% retracement of the larger move down from ATH.

andrewyu02

a 5 wave diagonal move can be counted and may be finished. The bearish divergence on the daily RSI also indicates that price is losing momentum and could be turning around soon. If a top is confirmed, look to $24.36 and $22.07 for price support (0.382 and 0.618 retracements respectively)

andrewyu02

Possible completion of an ABC corrective move on the weekly timeframe RSI divergence can be observed strong weekly candle close above previous weekly lows

andrewyu02

Maersk is potentially bottoming and forming an inverse head and shoulders. Price has also retraced to the 0.618 retracement of the move up from end of March. PT: 13380, 16180

andrewyu02 Updated 

Li auto is likely nearing the end of a corrective ABC move and is currently a wave 4 in wave C. Wave 5 of C should ideally take price to the $21.50 level which is the 0.618 retracement of the move up from the Oct 2022 lows. Should price reverse from here it is likely that the correction took the form of a WXY move where wave Y has 3 waves, instead of an ABC move...