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8/1/2020
Apple Inc (AAPL - NDX) - stay long for 5th of 5th wave up
Apple Inc (AAPL - NDX) is in 3rd of 3rd wave, so go long in three wave pull back in 10 min time frame for new high. The high volume will drive it easily upward, as the major trend will be in up direction.
Microsoft Corporation (MSFT - NDX) - stay long for 5th wave cycle up
Microsoft Corporation (MSFT - NDX) is 3rd of 5th of 5th wave up so, so stay long with stops below 198.98 level as the low of 2nd subwave. The price will go higher above 216 to complete the 5th of 5th wave.
Amazon.com Inc (AMZN - NDX) - stay long for 5th of 3rd wave up
Amazon.com Inc (AMZN - NDX) is in 3rd of 5th of 5th wave in 4 hr time frame. So stay long with stops below 3056 for target above 3450 or higher. It is the part of Nasdaq stocks, which is already out-performing the market.
Facebook Inc (FB - NDX) - Stay long for C (or 3rd of 3rd ) wave up
Facebook Inc (FB - NDX) is in 3rd of C (or 3rd) wave up, so wait for three wave pull back to get in to trade. The volume driven price action will easily go for one more high after first three wave pull back in 10 min time frame.
Visa Inc (V - SPX) - Will bulls take control again ?
Visa Inc (V - SPX) it is in 2nd subwave correction of 5th wave up, so stay long after confirmatory impulse move up in 5 min time frame as reference with stops below 187.27. In weekly time frame it is in 5th wave and strong up trend.
Johnson & Johnson (JNJ - SPX) - stay long
Johnson & Johnson (JNJ - SPX) is in either 3rd or C wave up in 30 min time frame, So stay long after one confirmatory impulse wave with stops below 143.99 for target zone of 156.80 or higher. It is strong stocks in weekly time frame.
Procter & Gamble Co (PG - SPX) - choppy or bullish- what’s next ?
Procter & Gamble Co (PG - SPX) is in 5th of 3rd of 3rd wave up in 60 min time frame, so stay long above 129.29 in pull back (if you get). There are alternate counts possible, but stay long in every three wave pull back until its within the time range of previous wave for new high every time.
Taiwan Semiconductor Manufacturing (TSM - SPX) - stay long
Taiwan Semiconductor Manufacturing (TSM - SPX) It is in 4th wave correction and may take more time, so wait for more time to clear it as correction. Stay long in the stock as momentum and huge volume suggest more upside there and go beyond 85 level in final move up.
Home Depot Inc (HD - SPX) - Bulls in control
Home Depot Inc (HD - SPX) is 5th of 5th wave up, so stay long with stops below 260.68 for target above 271 or higher. It broke the triangle in 4th wave, so reversal will be faster down move, so this trade considered to be quick in and out type.
Verizon Communications Inc (VZ - SPX) - stay long
Verizon Communications Inc (VZ - SPX) is in 5th of 3rd (or C) wave up, so stay long in small pull back in 10 min time frame. Overall it is in ABC zigzag in 4 hr time frame, so this move would be impulse (C) wave up. Stay long with stops below 56.64 for target of 58 or higher.
AT&T Inc (T - SPX) - Choppy price action
AT&T Inc (T - SPX) is in C of (X) wave with in correction, so it should go higher until it holds price above 29.25 as 2nd subwave of C wave. Let’s see how price will unfold. When (X) wave is over, stay bearish for (Y) big down.
Pfizer Inc (PFE - SPX) - stay long for 5th up
Pfizer Inc (PFE - SPX) is in ABC zigzag correction in 4 hr time frame. It is in 4th wave correction of C wave up, So stay long in 37.40-38 zone for target above 40 as 5th wave of C wave. The 4th correction is in progress, which is supposed to be flat or complex in nature as wave 2nd was sharp correction.
Netflix Inc (NFLX - NDX) - stay long within correction
Netflix Inc (NFLX - NDX) is either in impulse sequence as 5th wave up or within correction as abc in its last cycle in 30 min time frame. In both the cases, price is in up cycle, so go long with stops below 477.89 for target of around 520 or higher in pull back within 10 min time frame.
Chevron Corp (CVX - SPX) - Bears continue domination
Chevron Corp (CVX - SPX) is in ABC zigzag down in 2 hr time frame, where C down is in progress and 4th of C on the way. So stay short for 5th wave down. Here A was leading diagonal so the losses will possibly extend. Keep eye on it, because it is possible that the 1st extended wave of C is just about to end after 5th wave ended.
Adobe Systems Incorporated (ADBE - NDX) - stay long in 5th wave
Adobe Systems Incorporated (ADBE - NDX) is in 5th wave up after 4th wave finished in triangle, so stay long with stops below 435.75 as 2nd subwave low for 3rd subwave up. The target zone will be above 475. The major invalidation level of the pattern is 427.13 as triangle wave E low price.
PayPal Holdings Inc (PYPL - NDX) - stay long for 5th of 5th wave up
PayPal Holdings Inc (PYPL - NDX) is in 5th of 5th wave in 4 hr time frame. So stay long in three wave pull back in 15 min time frame as flat or choppy cycle when gets finished. It is in great up trend and out-performing the market.
Abbott Laboratories (ABT - SPX) - stay long for 5th wave up
Abbott Laboratories (ABT - SPX) is in ABC zigzag up move in 4 hr time frame. It is in 5th subwave up of C wave, so go long in small pull back with stops below 99.11 for target above 104 or higher price. B wave spent enough time to fuel up the price.
Tesla Inc (TSLA - NDX) - Choppy price action before bulls hit again
Tesla Inc (TSLA - NDX) is in 4th wave correction as WXY complex. So wait for it to be finished. It is in Y leg down and take little time before resuming the up trend again.
Novamax Inc (NVAX - NDX) - Bulls will be taking control after 4th correction over
Novamax Inc (NVAX - NDX) is in 4th wave correction in the cycle, which is progressing in WXY correction. Y wave down is in progress in 30 min time frame, so wait for it to finish around at 135 zone. Enter in long trade within that zone to trade 5th wave up for target above 158 or higher.
Biomarin Pharmaceutical Inc (BMRN - NDX) - stay long for 5th wave up
Biomarin Pharmaceutical Inc (BMRN - NDX) has completed 4th wave correction in 4 hr time frame and ready to resume the up trend as 5th wave cycle. So go long with stops below 117.77 for target of 135 or higher. Wait for confirmatory impulse wave before taking an entry in 5 min time frame.
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