I think there's gonna be a lot of stuff on sale tomorrow

Funny, cause I'm feeling a hard bounce to bright green finish today.

txaggie_08 said:

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Heineken-Ashi said:

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In on GWAV. Target $1.35 to $2. I have a wide stop down to $0.47. If you want less risk that might save you from a drop to $0.50 but might also miss out on that being a wider bottom, you can use $0.60 or $0.55.

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This thing has cratered. How are you feeling about it moving forward?

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I'm out and it's gotten far too deep for me to take another chance on it.

In on NVDA, stop $129, target $160-$170

BucketofBalls99 said:

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txaggie_08 said:

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Brian Earl Spilner said:

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Funny, cause I'm feeling a hard bounce to bright green finish today.

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Got the (ever so slight) green.

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Green is green, lol

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BLDE - Coming into significant support for (c) of [iv]. Ideally I'd want it to hold above $3.35, but [v] is valid and probable as long as above $3.00. Would need an (a) up and higher low (b) before the next options trade would become dependable. But I might start adding back some shares in this range.

SLV - Well as of right now, I won't say I'm inherently bearish. But I will say that nothing has changed in a week to make me all of the sudden immediately bullish. Mainly because I have competing signs. We only have 3 waves up off the lows, which is a corrective pattern (meaning a top of some degree could be in before falling lower). And if you pull up my first chart below, you will see that the price structure along with the MACD structure on 4h candles (roughly half a trading day per candle) is VERY similar to the corrective structure that led to the recent low.

Now, this chart is not a wave count. The wave labels are simply illustrative. And if you take a retracement of the Nov-Dec 3-wave structure, the recent low nearly perfect ticked a 138.2% extended retracement. Applying that same measurement gets you a new low at $25.55. Maybe it happens, maybe it doesn't. But I think it's best to be prepared, especially given the corrective nature of the current structure and today's drop off of it.

Now pull up the second chart. This chart shows every fib EMA starting with 8 and going through 987. Notice how the August low dipped below the red 610 EMA and found bottom on the dark red 987. This was the first time since the 2nd wave low (bottom left of chart) that it did that. And it did so with beautiful positive divergence with the MACD. Once the sky blue 8 EMA recovered above it, it tested it one more time and held, and then price was firmly above it and eventually gained a new high.

Well here we are again. Below the 610 EMA sitting on the 987 and bouncing with the 8 EMA having recovered it. Unfortunately, it looks to have been crossed down again, so I think tomorrow is pivotal to getting back above it. We also don't have the same extreme divergence, though we do have some divergence here. The EMA's are coiled up tightly in the $27's. This can either lead to the rubber band snapping with price exploding long, or price could fall significantly before creating better divergence, with more EMA's crossing to the downside.

So on one hand, SLV is ready to confirm upside. On the other hand, the setup is there for another fall. My best advice is to let it prove itself. There will be chances to jump in long. You don't have to catch the bottom.

We finna rip today.

BrokeAssAggie said:

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We finna rip today.

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Not so fast…..