Category Archives: SRL

Walker & Dunlop Downside Targets $WD

This posting will cover the downside targets for Walker & Dunlop (WD).

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NYSE Oil & Gas Stock Index Downside Targets

This posting will cover the downside targets for the NYSE Oil and Gas Stock Index using Edson Gould’s Speed Resistance Targets.

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Gould’s Upside Targets for Ark Innovation

Below are the Upside Resistance Lines for Ark Innovation ETF (ARKK) based on the work of Edson Gould: Continue reading

Bitcoin Downside Targets based on Edson Gould #Bitcoin

Below are the downside targets for Bitcoin based on the work of Edson Gould. Continue reading

Gould’s Downside Targets for Shopify $SHOP

Below are the downside targets for Shopify Inc. (SHOP) As of March 9, 2022: Continue reading

Meta Platforms Downside Targets

Below are the downside targets for Meta Platforms (FB) based on the decline from the September 7, 2021 at $382.18. Continue reading

ARK Innovation Price Target Update

Below is an update to our March 5, 2021 downside targets for ARK Innovation based on the work of Edson Gould.

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The targets, based on the $156.58 peak, continues to be at:

  • $90.73 (conservative target)
  • $71.98 (mid-range target)
  • $53.23 (extreme target)

The red boxes indicate where the price either breaks above or below the prior support (now a resistance level).  Currently, the ascending $71.98 level is a resistance which, if broken to the upside, will provide positive momentum to retest the ascending $90.73 level.  Naturally, a break below the ascending $53.23 level usually results in that being the next target for the price of the ETF.

Gould’s Downside Targets for Boston Beer $SAM

Below are the downside targets based on the work of Edson Gould. Continue reading

S&P 500 Downside Targets Using Dow Theory and Gould’s SRL

This posting will cover the downside targets for the S&P 500 Index using Dow Theory and Edson Gould’s Speed Resistance Lines [SRL].

Dow’s Theory: 2020-2021

Applying Dow Theory from the March 23, 2020 to September 2, 2021 period, the downside targets for the S&P 500 Index are: Continue reading

DJIA Downside Targets Using Dow Theory and Gould

This posting will cover the downside targets for the Dow Jones Industrial Average using Dow Theory and Edson Gould’s Speed Resistance Lines [SRL].

Dow’s Theory: 2020-2021

Applying Dow Theory from the March 23, 2020 to September 2, 2021 period, the downside targets for the Dow Jones Industrial Average are: Continue reading

Edson Gould’s Shanghai Composite Upside Resistance Targets

Below are the upside resistance targets based on the work of Edson Gould.

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  • 3,815.82 (conservative target)
  • 4,275.00 (mid-range target)
  • 4,720.68 (extreme target)

Our commentary from October 5, 2019 has remained accurate.  At the time, we said:

“The more time passes the easier it gets to exceed the minimum upside resistance target of 3,815.82.  The problem comes up when the market fails to breakout out on the upside in spite of the passage of time.”

The 3,815.82 target was achieved on what appeared to be strength.  However, the 4,275 target has been met with resistance.


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Edson Gould’s $TCEHY Downside Targets

Below are the downside targets based on the work of Edson Gould.

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  • $56.14 (conservative target)
  • $44.59 (mid-range target)
  • $33.03 (extreme target)

Using the Speed Resistance Lines of Edson Gould is ideal since it is a relative scale for every stock no matter the price AND TIME.  Additionally, parabolic increases have been consistent in achieving the conservative target in the past (except in the case of Telsa).

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Edson Gould’s $BABA Downside Targets

Below are the downside targets based on the work of Edson Gould.

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  • $193.08 (conservative target)
  • $149.40 (mid-range target)
  • $105.71 (extreme target)

Using the Speed Resistance Lines of Edson Gould is ideal since it is a relative scale for every stock no matter the price AND TIME.  Additionally, parabolic increases have been consistent in achieving the conservative target in the past (except in the case of Telsa).

Moderna Inc. Downside Targets

Below are the downside targets based on the work of Edson Gould.

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The targets, as noted in the chart above are:

  • $168.51 (conservative target)
  • $141.34 (mid-range target)
  • $114.17 (extreme target)

There is no indication that the price of Moderna Inc. has peaked. For this reason, the targets are tentative at best.  We will need to revise the targets once a decline in the price takes place.

Doge Upside Resistance Targets

Below are the upside resistance targets based on the work of Edson Gould.

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The targets, based on the $0.18 low, are:

  • $0.43
  • $0.52
  • $0.60

Each of the upside resistance targets are levels to expect that the price will either trade in a range or revert to a continuation of the declining trend.