Follow-Up
As pointed out several times in last one month, it is playing out.
We’re participating in the global rally via following stocks.
There are initial signs of bounce back .
Now whether it is start of a new bull run or it is a bear market rally – we will only know in coming weeks and months.
We’ve taken initial position in last few weeks – following the price action- of more positive signs come, we will add more positions.
EWY -South Korea ETF
CMP 65
Weekly Chart
Trying to enter Stage 2.
KWEB – ETF for China Internet Companies
CMP 35
Weekly Chart
Trying to establish Stage 2
Broke the trading range 1 and now trying to break trading range 2.
Tesla
CMP 181
Is it start of wave 5 ! Let’s wait .
The confirmation will come if it crosses its previous high.But let’s first wait for it to cross/close above 40WEMA for a week or two for building good position in it.
TDG’
CMP 728
A 3 years break -out with volumes.
Zoom
CMP 78
Is the correction over?
Break-out from wedge is the first signal. Clear RSI divergence.
Will add more if it gives all confirmations of Stage 2 in coming weeks.
NVDA
CMP 209
Early Stage 2 signals.
MELI
CMP 1214
A defence sector play in US
Early Stage 2 signs.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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