motleifaul

motleifaul

There is really not much to say. The price has run to fast today to get bthrough without any profit taking. We don't have much price history and an see 3 waves only. But we see that we have fulfilled each Fibonacci extension so far. Each such rise has been followed by a correction. It may be same now.

motleifaul Updated 

Not only my first long has failed past week but the test of the fresh bottom as well. We are still within the support zone but it seems to become clearer now that there is a serious bottom building. It is nor all decided yet as there is an open window to be closed at 121.35-122.29. Buit when this will have been overcome we may see a further run up. Another long...

motleifaul

I was short since December 20th and had taken the profit in time. Now the downeard move has been retraced and nothing has changed in the bigger view. As the correction of the rise from August to December has been 36 % only so far the correction may likely continue.

motleifaul Updated 

We could not built new highs but fell through the rising trend line and the rising MA. In an overbought status this may seen as sell signal.

motleifaul

From the second December week until the end of the first January week we saw a top building. This had been followed by a downward correction completed by Fibonacci rules. This resulted in an attempt to reach to top again which seems to have failed now. The rise is a completed Fibonacci retracement again. That's why it is more likely that it will stop at this...

motleifaul Updated 

It seems that we have got a bottom within the present downward correction. Palantir has to ecide now whether to get back into the still prevailing uptrend or to correct further. At moment we try to retain the trend cautiousely. But no decision has been made yet. As the Williams indicator is gaining some strenght again I dare to asume that the next move will be a...

motleifaul Updated 

With its little candles the chart looks toppish. This is no wonder after the 70 % rise within less than 1 month. One can imagine that the last 10 candles are rising within a rising wedge. This would confirm the forthcoming correction but I don't put much attention on it as the candles are to small. I expect the outbreak to the downside as there is a large open...

motleifaul

We may get an Engulfing pattern this month. The downward correction of the spike since August has been done. And we are holding well above the MA. May be that it is time for another and this time bigger corrective wave up to test the downtrend prevailing since 2021.

motleifaul Updated 

With a second big candle we have exceeded the trading range which had lasted since the beginning of November. At the same time we have crossed both the exponential and the simple moving averages. This week has opened higher what can be seen as a confirmation of the outbreak. Here we are struggling but the long way down in mind we may have hope that there will be...

motleifaul Updated 

We have reached the level of the first genuine August week again. The stock may have a rest here. This the more as the cloud is still up.

motleifaul Updated 

At least since October the price has been risen almost without correction. Now a top has been built in December and the beginning correction has been corrected today. The corrective way down may resume now.

motleifaul Updated 

The bottom 3 weeks ago seems to hold. The first move up from there has been retraced and another rise may be expected which may be seen as a confirmation of the bottom then.

motleifaul Updated 

2 weeks ago we had opened wid a downward window. Now we are going to retrace the decline and may go to close the window.

motleifaul Updated 

We have retraced over 50% of the fall from September 2022 until July 2023 now. I think that this is worth to buy some euros for a downward correction of the dollar.

motleifaul Updated 

Today's shooting star is confirming that we are in an overbought condition. We have reached the all time high of April 2022 again. This may be a strong resistance for the first retesting attempt at least. Thus the next few days may be willing to trade in lower ranges.

motleifaul Updated 

After the heavy fluctuations in May we are trading in a range. Since November this range is broadening but within a rising bias. After the short term rise last week which can be considered as a signal we have corrected downward again. We are close to the bottom of the range again now and if the stock will really rise then this may be the chance of an entry.

motleifaul

As the bias ist still bullish and we have retraced 62 % of the January rise now it seems possible to try a new rise to test the high once again.

motleifaul Updated 

The bottom seems to be a bit broader than I had expected previousely. So my stopploss had been to tight. When we see the weekly picture then we are still in region of the 2024 low that may still hold. If not then the bottom zone may be as broad as to the 2023 low at around 82.