Nasdaq100
#NASDAQ #NQ @ 9265 - Hasn't had a Negative Close in WeeksNext resistance zone at 9400-10000.
Resistance Zone is not necessarily a reversal zone.
Must check the behavior within the zone.
AAPL Apple stocks sitting on edge of a cliffhey guys welcome to an update of apple stocks prices, as you guys can already see that we've seen a massive decline in AAPL prices from oct 2018 and may 2019 and with the current price movement looks like apple is now entering in wave c of a zigzag correction, as you see from charts prices decline heavily from 234 in oct 2018, and forms support at 142 in jan 2019, here we also get 200 weekly SMA support, prices exactly bounce from this level and rallied upto 215, here we have also fib786 resistance, this shows the property of wave B in ABC simple zigzag corrective pattern where wave B normally retraces 78.6% of wave A.
so from this principle most likely we're now entering in wave C which could lead us to lower levels.
a normal wave c in a zigzag correction could travel upto 100-127.2% of wave A which in this case goes upto 125 and 100 dollar level respectively and wave goes in the formation of 5 sub waves.
in above chart you can see that wave 1 has already completed and now wave 2 is in the process which could go upto 198 in short term, meanwhile wave 2 could also go upto 100% of wave 1 but not more than that, which in this situation is 215 level, so its better to keep our stop loss slightly above this, i'll recommend from 217-220 is a good level to place your stops.
if wave 2 rejects from fib618 around 198-200 which is most likely than wave 3 could go upto 161.8% of wave 1, around 130-120 level, meanwhile we could also see a double bottom formation around 142 level where we made the previous low or the bottom of wave 1, but most likely bulls will fail here coz wave 3 will be the most impulsive, than wave 4 could go upto 38.2% of wave 3, around 155-160 level and finally we could see the wave 5 driving prices lower around 100-95 dollar level.
but before you jump to short apple stocks, let me clear that this complete analysis is based on elliot wave theory and there's no guarantee for this price action, apple is the biggest player and it needs huge huge fud and massive selling for this kind of price action which could wipe out billions of dollar from the market.
but hey there's also a good news for bears and that's massive fud ahead,
Bloomberg: "Apple Must Face iPhone App Antitrust Suit, Supreme Court Rules"
devil's laugh ;)
Short AAPL
Entry 195-200
T1 145
T2 130
T3 100
SL 217-220
ImmunoPrecise Antibodies Stock AnalysisQuote: #IPA/#IPATF
Buy Target:$0.80/$0.60 (don’t bet the house here looking for a quick scalp)
Sell Target: $1.00
Description: ImmunoPrecise Antibodies Ltd. engages in antibody production and related services in the United States, Canada, and Europe. It also provides human antibody development, hybridoma development, genetic immunization, rabbit monoclonal antibody development, recombinant protein expression and production, cryostorage, hybridoma sequencing, antibody generation, antibody purification, polyclonal development, and peptide production services. The company has a collaboration agreement with TetraGenetics, Inc. The company was founded in 1989 and is based in Victoria, Canada.
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IMAX Stock analysis long termCompany: Imax
Quote: #IMAX
Buy Target: TBD pending on price action and tapes into earnings
Sell Target: $28-$30
Next Earnings date: April 26th
This Is a 20% gainer we missed last Q from being to conservative we will be looking for an entry ether before or after earnings all pending on the tape such a small float it will be a good read reading the tapes into Friday to see which way this name is going to trade.
Description: IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It offers cinematic solution comprising proprietary software, theater architecture, and equipment. The company engages in Digital Re-Mastering (DMR) of films into the IMAX format for exhibition in the IMAX theater network; the provision of IMAX premium theater systems to exhibitor customers through sales, long-term leases, and joint revenue sharing arrangements; the distribution of documentary films; the provision of production technical support and film post-production services; the ownership and operation of IMAX theaters; and the provision of camera and other miscellaneous items rental services. It also designs, manufactures, installs, sells, and leases IMAX theater projection system equipment; maintains IMAX theater projection system equipment in the IMAX theater network; distributes and licenses original content investment, IMAX home entertainment, and others; and sells or leases its theater systems to theme parks, private home theaters, tourist destination sites, fairs, and expositions, as well as engages in the after-market sale of projection system parts and 3D glasses. The company markets its theater systems through a direct sales force and marketing staff. It owns or otherwise has rights to trademarks and trade names, which include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It in IMAX, The IMAX Experience, An IMAX Experience, An IMAX 3DExperience, IMAX DMR, DMR, IMAX nXos, IMAX think big, think big, and IMAX Is Believing, as well as the service mark IMAX THEATRE. As of December 31, 2018, the company had a network of 1,505 IMAX theater systems comprising 1,409 commercial multiplexes, 14 commercial destinations, and 82 institutional facilities operating in 80 countries. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.
Short Interest:
Short Percent of Float 5.86%
Short percent of increase or Decrease -4%
Analysis Ratings : Stock price Target #IMAX
High : $34
Median : $27
Low : $21.50
Average : $27.04
Current Price : $25.33
Feb 25 - 19 Downgrade Canaccord Genuity Buy - Hold $23
Apr 25 - 19 Upgrade The Benchmark Company Hold - Buy $28
Feb 28 - 18 Reiterated B. Riley FBR, INC. Buy $35-$37.75
Tapes last week: 3/5 wouldve gotten a one however the last two days were very bullish
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Global Slowdown Ahead - Head & Shoulder Pattern NASDAQ vs NIFTYBoth NASDAQ and NIFTY is forming head and shoulder pattern on weekly chart and there seems to be strong correlation between these two.
Both are at top of right shoulder.
Two macro economic development
1) ECB lowers growth forecast
2) 20% down in Chinese export due to subdued demand
Liquidate positions in equity and invest into debt fund. There will be sharp and strong correction in coming weeks across global markets.
Qualcomm trading range.Qualcomm has been in a sideways market for quite a long time. It will be interesting to watch if it is able to break above the key resistance or not in the coming sessions.
NASDAQ 100/ will finish the year by rising at the end?as we can see after checking price movements and checking the MACD & RSI & specially MACD STRATEGY , we can find out the price will continue going up! 3 target point can be the goal. and each one is possible after breaking up the last one and confirm staying top of that, good luck
NASDAQ 100 Short Trade on H4 ChartNASDAQ 100 (NDX) is overbought on multiple time frames, including daily charts. The multi month bullish trend feel exhaustion and nice short setups with good Reward to Risk ratio start to appear. This time shorting from US market open levels with Reward/Risk of 1.20.
