Look at the volume, RSI hidden bearish div. Nothing shows any bullishness yet (apart from all the pumpers on twitter). It can always break up on sudden volume appearing but for now I am playing on a drop. Looking for an entry soon as Dec-Jan will be the next top coming, but this will be ranging few days still.
I expect some ranging in this 4th wave between the 0,4-0,7, some good trading setups can occur targeting the current lower buy levels. I bought some under 0,5 now for the B wave setup - We are still in Wave 1 on the larger tf. IMO
RSI trendline on the daily suggests a little more room to stretch and complete this Wave 1. Mind the RSI also on the hourly to get out and take your profits, would it bounce off the previous trendline again or break lower? Was a good run, and this is only W1 of the Larger 5th wave cycle. Previous top will be broken in 2021, get ready.
All 3 possibilities in one overview. Looks like with today`s action GDR is heading to the shorter sub-C wave completion before it moves up. I would expect a double bottom at 0.45 and 5th wave truncation. The point would be to create a bullish divergence on the Daily. Dont exclude the WXY version yet, we might not see 0.45 again and bottom was done already....
Genedrive previous setup broke down from what it looked like a Y wave triangle, one of those lessons with triangles - it looks like a triangle, smells like a triangle, but it will probably end up being a flat or zig-zag. I think there are more legs in this move due to the volume, and volume means continuation towards that trend, whatever trend it is. I have a few...
Anyone in still doubt? Just look at the RSI trend-line retest. The uptrend move has been started and will break up next week.The current move we are in is a new impulse and will be full steam ahead, you have been warned. Get GDR on your watchlist and buy while its this fart low.
Genedrive targets remain the same in the above £5 level next. Corrective pattern count slightly cleared up with this recent triangle completion. My only update is from WXY to ABC count as the first move down was in 5 waves. The X slightly shifted as a B wave. The C triangle completed in 5 subwaves now. I dont expect it dropping below the triangle level anymore....
Correction now stretched to the lowest possible in an extended flat and is now confirmed as complete. Fundamentals are great and placing at 4.1p with US II`s arranged the quickest possible and best way to set our absolute bottom at 4.1p. The Upside looks now inevitable with plenty of news expected in the short term. Also still in my longs on my trading acc from...
Building up for a massive buying zone now. Last chance for buying GDR it seems. Nothing changed on my previous count, this last Y triangle looks more classic triangle form finishing now. News is this week for sure. 12x. zone is instant buy pressing while it lasts.
I expect a substantial move on Seeing Machines this week and in the next months ahead. With the recent RNS the company just entered into a new market of OMS which they are already dominating. SEE is way over conservative in their market share projections. 23% in their OMS figures and 30% in DMS. House broker`s old target is 7.2 on the DMS auto market only with the...
Correction could be complete here and this would be the bottom of the channel from the start of this move up. Targets are still well above the 20p region, a great place to start accumulating. If it breaks down the Y wave should end in the 7.7-7.9p region. I dont see that coming based on dropping volume on selling but that would be a bargain to buy in. Sub 10p is...
This is now my most likely count on Genedrive GDR corrective pattern ending in a Y wave triangle formation. All recent waves are 3 wave formations that suggests we are still in a correction. With this I revert back to my impulsive count and the primary rise is now considered in 5 wave impulse, currently finishing the wave 2 in a wxy. Primary targets of the wave 3...
I am trying to be ultra conservative with my GDR targets here and only assume we are doing a 3 wave move in ABC. This will put us into the £5 region where the C wave extends to x1.618 of the A. Watching the volume closely when we get there and see if the price action will further extend impulsive to stay still an keep on holding. Buying at these levels is not a...
Hemo in a cup and handle finish line, next leg up is soon for Hemo. Mind the strong volume support upon every impulse up, and the volume drop at every correction of down move. Strong confirmation of accumulation and uptrend continuation.
my XRP count is nicely setting up for a 5th leg to take this at least 34c or even extend further. Wave 4 as a flat correcting only to the 0.382 of the W3 is showing further very bullish continuation.
lucky if you can buy under 90p for GDR at this volume support, move up expected just on volume distribution. EMA support also tested, main trendline tested from the top after breaking up. This will now follow a move up, top up anything under £1. My count remains intact from previous initial target above £2 with the next impulse.
ICX/BTC looks to move up next breaking up from the smaller falling wedge following the larger expanding diagonal structure. targets meet both structure with 1:1 extension of A to C.
Current pattern is still very corrective, the 1st demand zone has been broken so now moves towards the second between 53p-60p. This would break the lower trend line so it would be likely just a wick to this zone. There is also a gap to close in 59p here. Targets are still the same, as per previous chart the correction retraced more than 61% so initially would not...