Coupang saw a strong bullish upside after a bullish hammer was seen rebounding a the first support. Target resistance is at 18.36
Since the break out of the larger falling wedge, we saw a straight impulse rally after that. Despite a recent downside correction, the stock saw a potential upside after a rebound above the support at US$139.22 with a hammer. The upside is likely to target US$146.00 in the near-term. The first target price is at US$148.51, followed by US$148.51
The dow has officially completed its first sub-impulse 5-wave and an expanding flat is ongoing with the last leg C wave heading for the support near 32,500 level. Overall, the rebound may not be strong and should exit quickly upon reaching the first target resistance at 34,292
The Dow saw some weakness towards the end of the year. In summary, a short-term buy can occur at 32,833 and 32,590 support. Strong selling is at 33,500 and 33,615
Believe that there could be a potential bearish downside towards the support at 146-144 support zone. Thereafter, could have a potential rebound.
XLF had a strong close yesterday night, and with the RSI showing bullish divergence, the stock may continue to rise towards the supply level at 36.00. Afterwhich, the potential sell-off may find itself at a support at 33.48, which potentially could form a bullish flag. Larger pattern saw a cup and handle formation.
After a period of accumulation in July, the corrective downside after the peak seems to be corrective. Piercing line candle was seen hovering above the key support at 13.50. There is a short-term potential upside towards 15.45 as the first target. Long-term support remains at 11.74-11.10.
The 2nd half of the closure saw a bullish harami on the 4-hour chart, and there is a possibility that the stock may have a short-term upside target towards 64.00 before a sell-off. Potential rebound is at 60.86-61.79
The bullish breakaway gap which happened on the 15th of November, is still ongoing. With the bullish expanding wedge/megaphone pattern and morning star above the 22-EMA. The stock is likely to make further upside towards the resistance/supply zone.
Nikkei is likley to repeat its first two bullish flag in a fractal manner since Feb 2021. As such, we are making a buy at after a short dip for the next intended B-wave.
Nikkei is heading for another potential upside after the ascending triangle's resistance is weakened after multiple testing. The ichimoku is showing a strong bullish signal as well.
EQUNIX was seen breaking above the resistance at US$690 neckline resistance of the triple bottom. Furthermore, a breakaway gap was seen on 28th July, which further confirms the return of the bullish trend. Bullish pennant was spotted and once prices breaks above US$714, we are likely to see further upside to US$755.
Dow rally is strong but I expect some correction that may last at least 500 points?
AEM shows strong selling momentum this morning but with the volume creeping up. It is likely that there will be a short covering. As such, we could initiate a buy and aim for the 1st target at 3.91
Despite strong selling momentum, CDL is heading for a buy soon.
Volume for buy is not back yet. Hence gonna wait out for a buy at lower zones
Rising volume and divergence are seeing stong bullish upside. But likely another downside is seen
The upside is likely to test 150-151 resistance region and we are anticipating a short.