I trust so much in this that next year the business will explode, so every bigger downward move is a buying opportunity in my mind. I have been doing that - and most recently today.
And I really trust that at some point there will be something more than dead cat bounces. So I don’t really see us being in a bear market in any way. Of course, we have slid down about 25% from the earnings day highs, so in that sense, the 20% threshold has certainly been crossed. At some point, the short sellers will be in a really big mess - let them celebrate for a little while now.
A corrective wave A → C is underway - on earnings day, the price just accidentally ran too high, so I don’t really know how it’s technically interpreted now. After this reset, my own expectations are for a long and strong upward move. This would also align with the fundamentals.
Figma has come down quite significantly from its IPO prices. Is there already enough price history for TA guys to have something to say? (actually, the IPO price was 33 dollars, the market was just quite hot back then…)
In my eyes, we are most likely in a corrective wave downwards. This would be invalidated if the previous peak @ €9.14 were exceeded - and then it would be quite bullish. Before that, I’m watching to see if the level of approximately €7.30 - €8.00 would be reached.
I’m not sure if I understand your question correctly.. There have been upward waves, we are again at a resistance level, and if the current upward wave remains below the previous one, the probability increases that the previous bottom will be tested @ €8.06. And an upward wave 1 → 5 is usually followed by a corrective wave A → C. And if, however, the previous peak is exceeded, then one can forget the idea of a corrective wave.
So I use my interpretation of Elliott Wave theory, trend lines, SMA and EMA averages, RSI and so on..
How does Huhtamäki look to more experienced eyes? Could this be a good stock considering the January rally? It has been declining all year, and the valuation hasn’t been this low in ten years. An optimist would see an IHS (Inverse Head and Shoulders) forming there, with the right shoulder just developing.
I’ve also secretly started eyeing that with interest. But only just started looking.
In many time horizons, the trend is still downward. On a daily level, there’s been a small upward surge from 1 → 5. Now, likely a small corrective downward surge A → C. And here, A is possibly already marked. The lower bound of the current trend would hit around the €27.60 level. Currently, a break above €29.90 would turn the picture positive, but I personally expect momentum to be sought from at least a bit lower.
Behind us is a climb to $530 last May, and from there, a pullback to $145. P/E is now down to 18.6, even though the growth track record is strong.
If you believe that a well-gamified language learning app will continue to sell in the future, when would be a good time to start buying from a technical analysis perspective?
Well… we are below all moving averages, even the weekly 200, and below the long trendline.. At these levels, there was about an 8-month base back in 2023. One would hope the bottom is here. As a fundamental guy, I’ve already been buying this from much higher up, though just my own opinion. If we could now get a proper capitulation puke followed by a V-recovery, it would be the final signal to take the position to overweight…
Can anyone say anything about Verve’s situation regarding TA? The stock has been in a downtrend for over a year, and the earnings report seems to be a slight disappointment based on the preliminary figures. Not much technical analysis was needed to predict the continuation of the decline, but are there any support levels visible below?
Duolingo is already clearly trading below that volume support area. I’ve definitely been completely wrong about the price on this one, even though the company has only released one report during my ownership and nothing catastrophic has happened. Last buy at 155 dollars. Now my buy finger is frozen just when I should be acting. Where is the next support, do the Fibonacci believers have anything for this? Or do I have to start looking at the multiples? TTM GAAP P/E would be 15. Or is it just that the company doesn’t even have a future.
How does the saying go… those in a downtrend have no support levels and those in an uptrend have no resistance levels… all “resting places” are eventually broken through. Therefore = trade/hold in the direction of the trend.
If Nordea went ex-dividend now, the price would already be breaking through the 200 EMA. Would the SMA be a better indicator for assessing a longer-term trend reversal, though?
