After a long drawn out corrective wave abcde & double bottom, we see ETH breaking b/d levels confirming wave 1. Look for retracement to 50-60% of Wave 1 to ride the Wave 3.
b retracement = 61.8% of a,
c wave is the strongest wave
d wave starts at 38.2% of c wave..
so the final wave is e wave
e wave should be about same length as wave a
we're fucked boys
SE has done this time and time again and there’s no reason it would not continue in the same trend. It’s consistently supported by the arrows that is the 50 day exponential moving average + 23.6% fibo retracement.
ENTRY: $235-240
TP: $275.6 & $308
SL: $202
$BIDU is the latest dark horse that secretly developing autonomous software and getting into EV. The recent retracement presents a good opportunity ride on China’s EV play. Volumes are building up for $BIDU and strong bounce back from 38.2 fib level. Buy on confirmation of break of 50 fib.
ENTRY: $292 - $302
TP: $438.67
SL: $247.8
Twitter has seen a huge run-up of late and although tech stocks are weak across the board, TWTR is showing phenomenal strength. This indicates strong buying from institutions. Business fundamentals are looking brighter and the 'super follow' feature would be a game changer.
ENTRY: $75-77
TP: $88 & $100
SL: $64
NIO is in consolidation after a strong Wave 3 and looking to breakout of all time highs to TP2 in the run up towards earnings call in early March. I would buy it now (close to support) and hold until earnings. Cut loss on break of 50 day EMA
AMD is in a downtrend channel, bottoming at 61.8% of Wave 1. A strong Wave 3 is expected to $125. We should see a retracement back to 100% for Wave 4 and again breaking ATH on Wave 5 to ~$135.
JKS has been forming a wedge and consolidating for a while. I like a buy at this current level with profit taking at the top of the wedge. Cut on the break of trend with a 1:2 risk reward ratio.
SQ is an earnings & breakout play. Although price is at upper end of the channel, I feel the coming earnings will be a strong one because of COVID and holiday season. I am keeping a tight stop loss on this ticker but optimistic of the breakout closer to earnings.
