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The bottom is looking well defined is Palantir (PLTR) to head north again?

The bottom is looking well defined is Palantir (PLTR) to head north again?

Recently Palantir stock had been trading the bottom of the daily timeframe channel. With fear subsiding as the channel held, buyers are beginning to show as I expected. Short interest is at a year high and I believe many bears were expecting more downside. The 5 minute chart below shows a consolidation happening at the right shoulder of a promising inverse pattern. Volume is correct for a…

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A deeply oversold Verizon (VZ) looks to have completed a wave. Greener days ahead?

A deeply oversold Verizon (VZ) looks to have completed a wave. Greener days ahead?

12/13/21 Weekly Chart 16:00 Alas! Is there a chance the beaten Goliath of cell and home networking may finally find a bottom? The weekly chart looks promising that Verizon may finally be closing out it consolidation phase. The Elliott thesis is now fully developed and volume is rising; albeit over zealous sellers. The prior bottom C was not breached leaving good structure in place to possibly…

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Grow Generation Corp (GRWG) looks to have completed a wave.

Grow Generation Corp (GRWG) looks to have completed a wave.

12/8/21 12:15 Daily Chart Grow Generation has a pretty textbook elliott wave on the daily chart that has been developing for about 16 months now. Currently it is caught in a repeated A-B-C corrective phase and it seems the nearing the prior trend line (June 2020’s). That, and being heavily oversold may signal a reversal soon as the waves am. We’ll be watching for a mirrored corrective upwards…

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Palatir (PLTR) looks bullish near term.

Palatir (PLTR) looks bullish near term.

12/8/21 9:45 Daily Chart Palantir opened with a predictable dip and ripped past the start shortly after. Bears were unable to close the gap. With the stock still deep in oversold territory this show of strength re-enforces the bull thesis in our view.

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Palantir (PLTR) Wave 1?

Palantir (PLTR) Wave 1?

12/7/21 10:00 Daily Chart After a brutal selloff Palantir seems to be finding a bottom and may be signaling an impulse wave ready to begin. The RSI is at all time low levels and looks to be legitimately oversold. FOMO shorting today and last week could provide a meaningful move up, particularly with contract news and the price finding a more reasonable P/E relative to projected growth now.…

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Sundial (SNDL) filled the gap, now what?

Sundial (SNDL) filled the gap, now what?

11/19/21 16:20 Daily Chart Sundial consolidated to gap filled levels and may have found a bottom. The $1.00 covered calls I sold earlier in the week expired worthless as I expected. I like a bounce off the 50 Day SMA back to the .80s. Average volume rising and plenty of steam in the RSI. Will keep adding here, dips, and up.

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Lucid (LCID) had a hella run. Elliott might think it’s time to consolidate.

Lucid (LCID) had a hella run. Elliott might think it’s time to consolidate.

Lucid was looking very nice but the RSI is oversold and failed to make a new high. The move up may not have been impulsive as wave III was short. Spooky unless volume comes in.

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Summer Infant (SUMR) rises to the line. Is 2022 the year it moves through?

Summer Infant (SUMR) rises to the line. Is 2022 the year it moves through?

11/18/21 4:00pm Weekly Chart Summer Infant made a nice move after their earnings report to test the line. Seems the direction might be right to move into a different trend. Nice recent green volume with no selloff? More up time? Wish they offered options, ahem.

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This selling Verizon (VZ) fun seems to be getting old.

This selling Verizon (VZ) fun seems to be getting old.

So the wedge broke down, so far. Ahem, joke down. Still liking the double bottom, especially this oversold. 5G gets fast tracked, so does this I’m thinking.

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Palantir (PLTR) ready to rebound from the the earnings assault?

Palantir (PLTR) ready to rebound from the the earnings assault?

11/18/21 30 min Chart 4:15pm The onslaught of Palantir has been obvious, but now finally it seems a bottom could be in. Tonight’s Elliott Wave Thesis may be seeing the end of the bleed. Projected bottoms have been reached, and this is getting a bit piggy for the sellers now.

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Palantir (PLTR) really needs a bounce here but are the $22 hopefuls greedy?

Palantir (PLTR) really needs a bounce here but are the $22 hopefuls greedy?

11/17/21 10:15 Chart Palantir could really use a bounce here. RSI is near or at oversold levels. Market may extend the lower wick a bit, but a rebound here would perhaps show guarded strength. Are the $22 hopefuls getting greedy? A move above the $23.35 area gets the party started.

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Verizon (VZ) ready for triple bottom launch? Loving this wedge setup.

Verizon (VZ) ready for triple bottom launch? Loving this wedge setup.

11/16/21 17:20 Daily Chart Looks like Verizon (VZ) may be setting up to rebound from the recent selloff volume (circled). Plenty of room on the RSI, and the wedge seems fairly clear. Elliott thesis with a top entry at ‘I’ might see a ‘C’ exit soon. Verizon certainly looks like it’s challenging the downtrend sellers and they’re losing ground in our opinion.

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Palantir (PLTR) refuses to die thus far.

Palantir (PLTR) refuses to die thus far.

11/15/21 Chart 15:25 ‘Technically’ (punning and sorry), there’s a lot going on here. The seemingly obvious head and shoulders is waning on the lack of volume proofs (as I suspected) and it may have already been broken. Volume should’ve been declining and recently been higher or flat. However, Another rare also reliable bullish pattern, the fish hook, again appears. This would make 3 now and one…

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I love this slow trading sleeper. (SUMR) I’m buying Summer Infant.

I love this slow trading sleeper. (SUMR) I’m buying Summer Infant.

3Y weekly, 11/11/21 chart I was liking this quiet stock in the 8s. Expressed my like to a few confidants, it moves up to the 10s. Seems maybe recent confirmation and time to put some on. Healthy RSI implies plenty of room in my opinion. Thinking some of those new bids might be mine…

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Palantir gets crushed on a good earnings. Wedge up or down?

Palantir gets crushed on a good earnings. Wedge up or down?

11/9/21 1:00pm Wedge Selloff for sure but can Palantir move up out of the wedge and regain some ground? Seems overdone and oversold.

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Sundial in a wedge.

Sundial in a wedge.

11/8/21 Daily chart – 9pm Sundial appears to be painting a wedge pattern that’s nearing its end. The recent pop suggests a consolidation near term to a final bottom test. A move back up then could head up for the breakout. Elliott Wave would support the like as well as the bottom wedge entry. Volume is good and the RSI has plenty of buying room.

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Palantir (PLTR) holds the line, for today..

Palantir (PLTR) holds the line, for today..

11/8/21 16:45 Chart Palantir seeming broke through the prior $26.75 resistance as we predicted, and is looking to establish support above. Even with earnings tomorrow and other associated risks buyers still managed a strong showing today. Rumors sound bearish but call options speak otherwise. RSI in power mode.

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