evgenii_tr_tech

evgenii_tr_tech Updated 

Since fiscal stimulus announced by China, JD started to print an expanding diagonal which I labeled in black as 1-2-3-4-5. Currently, wave 4 is over (or will be over within a few days) and wave 5, the longest in such a type of diagonal, is set to unfold. Which supportive evidence I found: wave 4 is formed as a double three as (w)-(x)-(y) and (y) contains and...

evgenii_tr_tech Updated 

Here is my Elliott Waves analysis for 2318 on HKEX. I did it for all history of the group and believe that we are at the start of wave 3 of very very big 3 now, which means it is going to be multi-year rise, of course, if the count is correct. After making a long correction, which I labeled as W-X-Y, the stock started to print a leading expanding diagonal. I...

evgenii_tr_tech Updated 

WISE can be shorted with the first target at the lower edge of the diagonal and then, at around 800 pence (start of wave 5), if move lower confirmed. Clear RSI divergence shows trend reversal in the short-term at least (until touching lower band of the diagonal). So the lowest upside is around 14-16% here. SL can be set to 1230 pence.

evgenii_tr_tech Updated 

Netflix is in the huge 5th wave extension. I expect it to complete wave (v) of 5 very soon, probably within the next week. RSI divergence on 3-days, weekly frames is quite visible and supports the upcoming trend reversal. When wave 5 is extended, retracement typically goes to the bottom of wave (ii) of this 5th wave. This would mean 1180-1195 USD to end the wave...

evgenii_tr_tech

I believe SMR is set for long rise as strong impulse will continue. This idea, of course, will take some time before we see double and triple price from now ($36). I expect swings up and down within a few weeks before trend up resumes. Now to EW analysis. Price completed purple wave (3) of green (1) which is a part of black wave (iii). So now I expect it to go...

evgenii_tr_tech Updated 

Here triangle is going to end its formation very soon and a break to the upside is expected to unfold the green wave 5. Triangle is a type of correction that always precedes the final movement in the larger trend. If assume that wave 5 will be the same length (as waves 1 and 3 are equal in length), the price will go above 6 CAD.

evgenii_tr_tech Updated 

Here could be a nice entry point. Gold continues to rise as it possibly in the mid of wave 3 of Cycle III. Fundamentally, the company is hugely undervalued compared to other gold producers which possibly might be attributed to Colombia. Good management execution and recent interest from semi-big houses are nice and supportive.

evgenii_tr_tech

CorMedix is printing wave 5 of ending diagonal and it might be very profitable. The stock is quite volatile and therefore, risky for not prepared trader. Mid-term, after the post-diagonal correction, the stock could be a multi-bagger. There is also a fundamental/business reasons to hold this biopharma. Google it in Substack or just web to get more laser eyes....

02:49

evgenii_tr_tech Updated 

Clear RSI divergence on weekly frames; Primary wave 5 is in progress

evgenii_tr_tech Updated 

I believe CVNA is printing expanding triangle as wave 4 in larger 5. If this count is correct, currently wave D of triangle is close to its end and soon, around $325-340, the trend should reverse and go down to complete the triangle with wave E which will erase >60% of market cap. After this move the stock is expected to climb up again.

evgenii_tr_tech

Very strong balance sheet, excellent management, and stable backlog of fleet bookings will allow VAL to make significant money for shareholders in the years ahead. Together with its price trend reversal it will be an assuring addition to upcoming oil long-term price trend reversal. Short term Elliott Wave Analysis given in a note below.

evgenii_tr_tech Updated 

I expect wave III to complete at around 11-11.5. Waves count started as rising impulsive waves started to shape off the long all-time channel bottom edge.

06:04

evgenii_tr_tech

I expect Intel to break out of the ending diagonal (wave C of Y) and the beginning of wave III should start with huge volumes compared to what we've seen last months. It is very much like with RRGB (you can find this idea in my profile) but on a larger scale in terms of waves degree. Today we've got a break-out there. Option of wave 5 formation and price levels...

evgenii_tr_tech Updated 

Log scale applied, Elliott waves analysis, as usual. Not so good liquidity here compared to US stocks but very good setup in which I quite confident. Wave (v) with light blue color is going to unfold as consolidation in wave (iv), shaped as a triangle, comes to an end. Bigger picture is quite interesting. Black (cycle) wave I shows up again as wave III with...

evgenii_tr_tech Updated 

I believe that now NBIS is in wave III. Wave II retraced almost all the wave I. I will try to update on smaller waves as they progresses.

evgenii_tr_tech Updated 

Triangle is now being formed as a wave 4. I expect it to break out and finish impulse wave slightly above wave 3 highs. Up to 30% gain here if entered at 0.89$ or so. This company is now interesting not only because of Elliott Wave applied - it has specific business situation. Parker Vision produces complex radio chips that are patented in early 2000's. Company...

evgenii_tr_tech

Ending diagonal is going to complete until June end and then a trend reversal shall happen. This is supported by very clear and protracted MACD divergence on weekly view.

evgenii_tr_tech Updated 

It is clear that five impulse is in the past and now it is a correction. This idea is to ride wave C of the correction.