tommtajlor

tommtajlor Updated 

Following LAC for quiet a few years now; following its 3 count overall moves carefully, and waiting for a pullback. The Multi-year trend moving in a so called ABC structures, likely still forming an overall huge diagonal. It was roundabout at the 0.236 fib retracement for a possible wave 4, when fundamentals has been changed for LAC, primarly the company split and...

tommtajlor Updated 

Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it. On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure. Yellow...

tommtajlor Updated 

EDITAS could be in the bottoming process, I am watching it for a few years now. We have a falling broadening wedge, on which we had a breakout already. This is part of a bigger falling wedge (blue). It is techincally possible, we had put in the lows at 6.35 as a wave 5 (as an ending diagonal), which is part of wave V as a last wave, of the biggest Wave (II)....

tommtajlor Updated 

I have following newegg for quiet a few years now. Tehcnicly it is possible we have either bottomed, OR will bottom in the very near future. From an elliott wave perspective I have 2 scenarios, where scenario one assumes we have already bottomed in the consolidation zone down around 1 USD. (Even if we have not bottomed, we gonna get a bigger ABC-or WXY...

tommtajlor Updated 

This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....

tommtajlor Updated 

Burberry (ticker: BRBY) reaching ~14 years lows, where the risk /reward ratio for the mid/long term starting to be favourable. I have two scenarios sketched out on the weekly, white being a 5 wave up, in which we finished 3, followed by a yet unfinished irregular flat structure as a wave 4. Yellow suggests a 3 count move up as an (A) wave, working now on the (B)...

tommtajlor Updated 

LVMH (MC ticker! EUR based) in multi-decade uptrend, nice upside momentum overall. Overall I do have one "bearish" scenario, however the probabilites for that are quiet low as of now, so far therefore not tracking. I would say the two big "bullish" scenario, soon nearing a local top and I would primarly expect a consolidation/correction, before going likely to at...

tommtajlor Updated 

As expected after the rejection of the 200 day MA , a nice head-and shoulder formed, which has almost played out really by book. Notice the descending wedge, where the bottom should provide support (gap down possible, so the HAS could reach its target). Waiting for confirmation to close above 9day EMA, and then expecting an upward trend to fill the gap. Could hit...

tommtajlor Updated 

Sunworks suffered a lot already, and the stock almost in the graveyard. I am following it a while, was a nice short on the way down. Finally posted a tiny bit more positive earnings compared to expectation. Meanwhile a falling wedge formation created. Also moving in a big downward channel. There are two scenarios for counting the waves, one scenario suggests,...

tommtajlor Updated 

I am following NIO with one eye, now switching to two eye. Even though NIO could have a bright future for the long run (years), I see more downside incoming. The formed head and shoulder within the symmetrical triangle broke to the downside (breaking also the triangle), and as expected retested the HOS neckline (and the triangle). As expected, it got rejected,...