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Oil Price on Holding Pattern Ahead of OPEC meeting
Read MoreThe Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna next week to discuss potential reduction or revision to the 1.8 million barrels/day production cut put in place in early 2017. After yearlong rise in oil and gasoline price, there’s a call to control the price from rising too far and too fast. […]
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Netflix Elliott Wave View: More Strength is Expected
Read MoreNetflix ticker symbol: $NFLX short-term Elliott wave view suggests that the rally to $369.83 high on 6/05/2018 ended Minor wave 1. The internals of that rally unfolded as Elliott wave impulse structure with lesser degree 5 waves structure in Minute wave ((i)), ((iii)), and ((v)). Below from $369.83, the decline to $354.10 low on 6/08/2018 […]
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AMD Elliott Wave Bullish structure suggesting more upside
Read MoreSince 2017 peak, Advanced Micro Devices (AMD: NASDAQ) has been lagging the move higher compared to its competitors. Despite a weak start of 2018 around the stock market, AMD managed to recover strongly since the 4th of April. The semiconductor stock, starred a strong rally showing an impulsive 5 waves structure to the upside as […]
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EURJPY Elliott Wave View: Starting The Next Leg Higher
Read MoreEURJPY short-term Elliott wave view suggests that the rally from 5/29 low (124.59) to 6/07 high (130.276) ended intermediate wave (1). The internals of that rally higher unfolded as Impulse Elliott Wave structure where subdivision of Minor 1, 3 and 5 unfolded also as an impulse in lesser degree. Down from there, the pair made a 3 […]