Lordstown Motors Corp. ($RIDE) Priming a Bullish Setup

by elliottwave-forecast.com | November 20, 2020 5:46 pm
Lordstown Motors has had a great start to 2020. With the stock price tripling to a peak in Late September, this company has lots of potential for future gains. Lordstown Motors is in the EV sector, which...

Elliott Wave View: GDX Correction Remains in Progress

by elliottwave-forecast.com | November 19, 2020 4:30 pm
Elliott Wave view in Gold Miners (GDX) suggests the Index is correcting the cycle from March 16, 2020 low. The correction is unfolding as a double three Elliott Wave Structure. In the 60 minutes chart below, we...

StrikePoint Gold ($STKXF $SKP.CA) Correcting March Cycle

by elliottwave-forecast.com | November 18, 2020 4:20 pm
More coverage on the theme of Precious Metals market series that I am doing right now.  I am looking for Jr. producers that offer lucrative setups and are technically clean from the March cycle low.  StrikePoint has...

Impact Silver Corp ($ISVLF $IPT.CA) Bullish Nesting Taking Shape

by elliottwave-forecast.com | November 18, 2020 4:20 pm
Impact Silver.  Another Jr metals producer and explorer that has a great looking chart, and what looks like, a triple nest.  If the nest is correct, then the upside on this stock may be very lucrative.  Impact...

XOM Found Buyers At The Blue Box Equal Legs Area

by elliottwave-forecast.com | November 17, 2020 2:23 pm
Another instrument that we have been trading lately is Exxon Mobil Corporation ( $XOM ) from Group 3. In this technical blog we’re going to take a quick look at the Elliott Wave charts of $XOM, published...

$ENI and $BP Stocks Help Locating Bottom in Energy Sector

by elliottwave-forecast.com | November 17, 2020 2:22 pm
Oil has found its bottom in April 2020. From the lows, it is extending higher and should become even more expensive in the coming years. Similarly, indices have found an important bottom in March 2020. From the...

Virus Vaccine Hopes Support New Zealand Dollar

by elliottwave-forecast.com | November 17, 2020 2:21 pm
Two weeks’ back-to-back good news on virus vaccine from Pfizer and Moderna have buoyed risk sentiment. Overnight news reports Moderna’s COVID-19 vaccine has even a better 94.5% efficacy rate and longer shelf life compared to the Pfizer’s....

$EWC Canada ETF Long Term Cycles & Elliott Wave

by elliottwave-forecast.com | November 17, 2020 2:20 pm
$EWC Canada ETF Long Term Cycles & Elliott Wave Firstly the EWC instrument inception date was 3/12/1996. The Canada ETF seeks to track the investment results of an index composed of large and mid-sized companies in Canada. This...

Bank Of America ($BAC) Cashes Higher After a Ranging Pause

by elliottwave-forecast.com | November 16, 2020 4:15 pm
Bank of America ended a movement in ranges that had been in place since June, after a slight recovery from the drawdown in March due to COVID-19. The global capital markets woke up stimulated with a strong...

Abraplata Resources ($ABBRF OTC, $ABRA.CA) Priming To Rally

by elliottwave-forecast.com | November 13, 2020 1:34 pm
The Metals sector has been slowly coming back since the lows in late 2015 and is ready for prime time attention after Gold has recently made new all time highs.  Abraplata a Jr. silver, gold, and copper...