NoFOMO_

NoFOMO_

Lululemon’s chart looks extremely bearish. It’s make or break for this stock. A breakdown of its current support would confirm the break of the neckline in a Head and Shoulders pattern. The 1:1 extension of the move could send the stock price down another 50%, towards $130. Yikes! The 5 Wave supercycle ended at the Head, around $520. The stock then crashed in an...

NoFOMO_

Bullish momentum on this stock, as we break towards the IPO highs. This is largely because Wise plans to move their primary listing to America. But let's not get caught up in the excitement here and analyse the charts and the financials. Looking at the financial statements of this company, they’re not expanding profit margins as they aggressively cut their fees to...

NoFOMO_ Updated 

On the 10th of March I posted about Reddit, as it lost the $120 level I advised the bulls to get ready to buy in at $80, which was the gap fill area met with the confluence of the 0.786 Fib level. We remained patient at went long at $82, with a stop loss under the 0.786 at $78. That move is now paying off, as we are up 50% from these levels. Congratulations to...

NoFOMO_

Technical Setup: Golden Cross + Value Area Breakout Golden Cross Confirmed: The 50-day MA just crossed above the 200-day MA, a strong bullish signal. Last occurrence (2020-2021): KURE surged +120% before the Death Cross reversal. Current structure: After a brutal 5-wave decline, we’ve: -Bounced off Value Area Low (key support). -Reclaimed the Point of Control...

NoFOMO_

When the mainstream media was telling you that China was not investable, I was working hard on my TA and buying positions. I consider myself a contrarian investor, this is where the best opportunities present themselves. If you follow my trades here you will know I had called out the start of the new bull run in the Hong Kong exchange, or the dead-cat bounce...

NoFOMO_

There’s something brewing in the charts here, and it’s not a hot cup of cocoa. We had a clear rejection at the 0.382 Fibonacci and potentially the start of a C leg in a corrective pattern. This is lower high after the bull flag breakout pattern. If we lose support here we could break the neckline and confirm the head and shoulders pattern, which is very bearish....

NoFOMO_

Carrefour is one of the world's largest grocery retailers, think of it as the European Walmart. But the execution of the business by management could not be any different. We are talking about a 90% decline since it's highs in 1999. Failed market expansion, competition from budget retailers like Aldi and Lidl, online retailers have taken market share. This company...

NoFOMO_ Updated 

There’s not a lot of data on the stock price but we are starting to show signs of strong bullish volume coming in. But make no mistake. This is an extremely high risk, high reward type stock. None of the finance bros are talking about this on YouTube. But behind the scenes, the likes of Nvidia and Uber are investing into the future of autonomous vehicles by...

NoFOMO_

Pay close attention to the bond market, particular to the 20 Year Treasury yield which is creeping back up. This is really bad news for the markets, yields could spike higher which could send the market tumbling. This cascade effect could provide an optimal entry into TLT - which is an inverse play on interest rates. There is currently no reason for the Fed...

NoFOMO_

The chart suggests we topped out in Wave 5, now we’re in the wave C of a corrective move. Great company, but trading above its fair value. I wouldn’t touch this stock until the correction is over and we find a base. There’s levels of support below, so keep an eye out on this one if you want to go long or invest in this great company. Not financial advice

NoFOMO_ Updated 

Are we about to smash past all time highs or will BTC put in a double top pattern? It’s too early to say, but what I’m looking for here on the bearish scenario is a break to all time highs to squeeze out the shorts, followed by a swing failure pattern, grabbing as much liquidity before the double top pattern is confirmed. If the bullish volume smashes past all...

NoFOMO_

Well done to those that bought the dip on this below $300. I filled 80% of my position at $250 - the Point of Control according to the highest volume node. We had a capitulation in the top healthcare insurer. Absolute peak fear given the long list of events which culminated in the CEO leaving. His departure could have been the final flush out as holders...

NoFOMO_

This is looking like the final leg up of Wave 5. I initiated a short position with a tight stop loss just above all time highs. This entire move looks extremely overextended and Duo Lingo is extremely overvalued. Not financial advice, do what’s best for you.

NoFOMO_

The H&S target drop of 33% has been met. I believe we are in the final leg of the ABC correction. The question now is where does the final C leg land? We are sitting in the golden fib pocket, if $480 support is lost then I expect a drop to $400-410. This could be a great place to add for a long term investment. Alternatively we could put in a double bottom here...

NoFOMO_ Updated 

One of the less well known IPOs' from the last couple of years. Strong growth, financials have been excellent, the company is executing and taking market share from their competitors. But there's a big problem - tariffs and possible recession. Consumer stocks will perform very poorly if we fall into a recession. It must be noted the manufacturing for this...

NoFOMO_

Looking outside the crowded US tech space and more at longer term value compounders, Edenred ticks a lot of boxes and is worth both a fundamental and technical analysis. Edenred represents a compelling opportunity for long term investors seeking exposure to the growing intersection of fintech, digital payments, and employee benefits. With a strong foothold in...

NoFOMO_ Updated 

$300-310 is looking very likely. Refer to my previous trade idea where I said mid $300s is my initial buy target. I am in as of $338, it’s increasingly looking like we will hit the lower levels where I intend to load up more. Be careful catching this falling knife

NoFOMO_

We have pierced through the 0.786 fib retracement which is a sign of strength but it’s too early to call this the start of a bull run. We could quite easily fall back down if we fail to break the RSI resistance which is not too far away. I favour a break of the RSI as it will be the fourth attempt, but if we fail I intend to close out some of my positions to stay...