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Facebook broke the short term trend line
Read MoreIn our last technical blog about Facebook, we explained that the stock is in a 3-year-old bullish trend, forecasted further rally and break above 10/24 (133.31) peak. As we can see now from the chart below, the price ended pull back at 113.41 low on November 14th as a truncation. After that, it traded sideways […]
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USDJPY Elliott wave View: Extension lower
Read MoreWe are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3. Down from 115.5, Minor wave 1 ended at 114.46 and Minor wave 2 ended at 115.2. […]
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USDJPY Elliott wave View: More downside
Read MoreWe are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3. Down from 115.48, Minor wave 1 ended at 114.46 and Minor wave 2 ended at 115.2. […]
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Allegiant Air Elliott Wave View: Near a Bounce
Read MoreAllegiant Air is an American low-cost airline that operates scheduled and charter flights owned by Allegiant Travel Company (NASDAQ: ALGT) . The Company offers low-cost passenger air travel to residents of small, under-served cities in the U.S. and last year is started flying to Newark Airport. On January, the airline announced 17 new routes that will begin service by […]