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AVXL with a nice little continuing move.
JOBY with some nice news and price bump.
Green Trades. Back after 11 days visiting family.
Nano Nuclear dream
https://invst.ly/15h6i2
NuScale Power dream
https://invst.ly/15h6k7
Alternative model to QQQ 504
https://invst.ly/15h66u
QQQ 498 top on 07.08 @ 11:30am EST
QQQ 5min: https://invst.ly/15gzch
You're the top, you're the coliseum
QQQ Monthly: https://invst.ly/15gy8m
AI Data Centers and Crypto mining are adding a huge draw on already stressed electrical power grids.
https://finance.yahoo.com/video/ai-growing-too-fast-us-214445080.html
Check out everything below about us after you read about us.
Never seen such heavy hitters, profiles and memberships in a new company beginning at $4. Didn't see it or do any DD til Wed/Thurs.
Did manage a nice scalp trade Friday. Studying company and charts over the weekend to set some targets. Don't know if price will settle now that the gap filled with such a strong close. Gonna have to be nimble until more trading history unfolds.
https://nanonuclearenergy.com
I will look at SMR. Thanks.
Found this on SMR. Lots to look at in the sector. Need to get up to speed as money to made. 😎
https://seekingalpha.com/article/4701061-nuscale-the-good-the-bad-and-the-ugly?source=content_type%3Areact%7Csection%3Asummary%7Csection_asset%3Aall_analysis%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1
Thanks for the heads up.
I'll keep it on the radar along with Nuscale Power (SMR)
Any NNE followers, traders, investors here?
Could be an outside day today. Usually happens when the trend is up all day. Hope not.
With more bullish action in the $XBI today a run for that $4.48 area could be in order.
There should be some decent volume with end of quarter activity and institutional types making their zigs and zags as models dictate.
Interestingly $AVXLalmost ALWAYS prints the bulk of it's daily volume at the closing cross. Seems to be the common these days.
Very possible, especially with the huge volume spike on Friday.
That said the daily pinching BB's suggest either a pop or drop is coming. Price needs to hold above the midline and then hold above the downtrending 100 period to be in a position to launch significantly. Breaking and confirming above 4.67 would be a very strong statement. Breaking and holding above 4.48 gets price above the current longest and strongest resistance zone from a VbP perspective.
Agree that XBI and market need to be in AVXL's favor to get best benefit.
On July 28 I would like to see something of real progress that gives some concrete substance to effectiveness and not just a rehash of current info that leaves so much up to subjective interpretations and opinion.
Those are my current thoughts. Of course, I hold the right to change them at any time. 😎
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p78777286573
Green Trades.
$AVXL technicals further improving (end of down trend) and Anavex to present at AAIC on Sunday July 28 (day 1) with Marwan Sabbagh as presenter.
If broad market conditions hold or get better, I expect $AVXL to perform strongly this summer.
What is retail trading up against? Who runs things? Well this is an excellent read IMO.
The Bill & Melinda Gates Foundation alone is responsible for over 88 per cent of the total amount donated by philanthropic foundations to the WHO.
https://www.linkedin.com/pulse/giant-conglomerates-control-world-omkar-chitnis
LOL, just a little TIC while time passes. Keep posting. 😇
The right news releases, bottom line growth and it could get there. 😃
Green Trades
Citrati, it's just a model not a prediction. 10/26 as in October 2026. Please look at the chart.
https://tvc-invdn-com.investing.com/data/tvc_a4b11882eb1df34692963fdf6fbeacc0.png
That is some serious optimism.
Mindmed 5.75 looks reasonable
MNMD D DeMark/Fibonacci https://invst.ly/157-1b
CYBN M Log DeMark https://invst.ly/157zvj
Anavex 85 by 10/26
AVXL M Log https://invst.ly/157v5-
Anavex 9 by 9/16
AVXL W Log https://invst.ly/157v1c
AVXL. Monthly.
https://stockcharts.com/h-sc/ui?s=AVXL&p=M&yr=12&mn=0&dy=0&id=p25100806479&a=1593859224
AVXL Daily. Tested 3.65 as low so far today.
Everything seems to still be up to what XBI and $SPX do.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p00110435797
Nice XBI rally so far today. No movement from AVXL. IMO, confirms the notion that news or rumor will be needed before upward with any substance occurs.
AVXL shows its lack of interest ( no news) by not moving with XBI's 10% move. Will be watching to see if this turns into weakness.
6119 by 09/25
https://invst.ly/1521dt
https://invst.ly/1521ea
2 thumbs up on your post. I'm trying to keep it simple and stay away from some of the volatility. I agree there is PLENTY of upside potential, and room to get there. No risk = no reward but I do that sometimes even though I miss out. I have a hedge going against my bear call with one of my lifelong portfolios that play various stocks so I do have some risk in there long.
Cheers!!
BooDog
Can't rule out your post yet. 😎
Here is an alternate possibility. Dems want to hold the markets up to help mitigate the Biden economic damage pre-election, IMO.
Fed will do all it can to help Dems. Think Trump trial in NY run by the liberals.
S&P500 has largest position of the major healthcare stocks and the daily has plenty of room for up. Besides $SPX looking like it could rebound about 5150 on the daily, or sooner, check out daily XBI. XBI daily has pretty good potential to at least test the down trend line around 92. The stopper for XBI is what happens with support/resistance at the midlines and 100 day. 100day currently 91.06. Price is currently engaged with battling the 50day at 89.21. When there isn't news AVXL tends to follow XBI movement.
Closings today and early next week will help determine whether there is a market dip before a runup or just rosy. Markets will likely get a big boost when Biden camp announces his withdrawing from election. Too much smoke for there not to be truth in it. Most likely it won't be announced until all his convention votes are (I think about June 13th) locked into him so DNC can hand those votes to their desired replacement without another voting. Just my WAG.
Gonna be wild from here to election. Market volatility for sure. Up, down or both is still undecided in terms of chart confirmation.
My plan is nimble and defensive. That may require over-trading AVXL some due to volatility,
Green Trades.
PS: UVXY needs to make its way through some resistance and close above 27.54 to have a chance of testing to the 30. All of the above is what I am watching.
UVXY chart link to stockcharts for those who have a subscription.
https://stockcharts.com/h-sc/ui?s=UVXY&p=D&yr=0&mn=6&dy=0&id=p11696222689
Check out 60minute UVXY and XBI charts for short term action info.
https://stockcharts.com/h-sc/ui?s=UVXY&p=60&yr=0&mn=0&dy=25&id=p65071260972
Lot of negative divergences in the indicators for UVXY.
Will XBI bounce up on the 60minute off the 200period?
I went bearish when I posted about UVXY looking to show a reversal. I think that's just about confirmed now imo. I know most often when I make a call it's proven wrong, but sometimes I get it right. I think there's enough in the charts to show caution to the bulls at least. Just my views telling me that many support levels will be toast in the next week or so.
OR NOT
Surprised no one has mentioned potential here for higher low and an attempt to break above midlines on the daily. Not a confirmed done deal yet, however showing promise of at least 50/50 or more.
Model QQQ 490 by 08/05 and 520 by 10/14
https://invst.ly/14-m3z
JOBY is technically in a better position than ACHR, having registered a weekly price flip on 04/22.
Thanks to Citrati for his due diligence on these. See his post on JOBY board. Reposting my chart below.
JOBY Weekly DeMark https://invst.ly/14-25k
On the daily chart testing the .786 retracement area
JOBY Daily DeMark https://invst.ly/14-29a
I thought about taking a position today too but it's a Friday on a long weekend Tuesday could go Is either way
I posted a couple things on the JOBY board that compare very briefly the two companies. There is a lot of information as I said on the Net.
What I posted is just a very tiny part and not nearly enough to make a concrete decision of which is better. The future progress is needed to answer that ? more accurately. That said, the industry is wide open and there will be room from more than 1 company for sure.
Thanks. JOBY completed a DeMark Sequential 13 and registered a price flip on a weekly chart on 04/29.
JOBY https://invst.ly/14zwhj
Good Luck.
I like both JOBY and ACHR for different reasons. They have some differences when you compare their products against each other and there is also a difference in their approach to marketing them. For now I trade them both. I may continue that or gravitate to one as they each move forward. One can find good info on the Net comparing them with each other. Rotor drives, batteries, speed, distance, payload, passengers etc. Check out their partners, funding, financials etc. Plenty of ups and downs over next year or two to trade for free shares IMO. One notable is that JOBY has achieved flight certification while ACHR is not there yet.
Reconsidering Archer
Fibonacci lines look logical on this daily chart. DeMark Sequential count suggests trend exhaustion within the next several days. Potential bottom in this area. https://invst.ly/14zuf3
Thanks for suggesting this name, interesting technology. Disclosure, took small position just now.
UVXY and LABD both gave me some nice scalp trading so far today.
https://stockcharts.com/h-sc/ui?s=UVXY&p=5&yr=0&mn=0&dy=2&id=p80147439681
Congrats. All green and free rides are good.
I will take a look.
Depending on market direction, AVXL could give another low buy spot for traders and holders. Market has no breadth and only a few stocks (NVDA) were/are holding it up. Overall there has been distribution going on. Until positive news AVXL will likely just follow markets and XBI.
Selling here may pick up due to nervous nellies in the market and biotech sector. We shall see.
Good Luck.
Here is an older weekly that I added the lowest red line too that confirming below would add strength to the more down scenario.
https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=5&mn=0&dy=0&id=p93926737676&a=861844297
2.5 looks reasonable for PROK.
Here's a line chart of VIX https://invst.ly/14z9ur
Base case QQQ 475 by 06/17 https://invst.ly/14z9ux