Below are the upside resistance targets based on the work of Edson Gould.
The targets, based on the $0.18 low, are:
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.
Posted in DogeCoin, Edson Gould, Speed Resistance Lines, SRL
Below are the downside targets for MarketAxess Holdings (MKTX) based on the work of Edson Gould’s Speed Resistance Lines.
Posted in Edson Gould, MKTX, Speed Resistance Lines, SRL
Review
On December 23, 2018 when the Dow Jones Transportation Average (DJTA) was at 8,874.79, based on the work of Edson Gould, we said the following in our closing paragraph:
“We have a range from as low as 6,465.65 to as high as 19,992.65 in period from 2019 to 2023. The Dow Jones Transportation Average is currently undervalued. It is best to expect that it will decline to the extreme level of 6,465.65.”
Since late 2018, the DJTA has had the following price activity:
On March 18, 2020, the DJTA declined as low as 6,481.20, falling short of our 2018 estimated low by 0.24%.
Because the DJTA is slightly above our fair value estimate for 2021 (made in 2018), we expect that even if the Index does not achieve the overvalued level in the current year, the historical precedent is for it to be able to achieve the upper range (overvalued level) that we’ve set for it between now and 2023.
Below are the downside targets based on the work of Edson Gould.
The targets, as noted in the chart above are:
The $821.80 target is generally assured, from all parabolic increases of this nature. There exists the potential to decline as low as $410.90. However, we reserve this target as a backup to achieving the $562.00 price.
Posted in Edson Gould, lumber, Speed Resistance Lines, SRL
Review
On February 5, 2018, we outlined the similarity in the level of increases between Bitcoin and Ethereum. At that time, we said the following:
“The periods in question happens to have the same percentage change, approximately +13,400%.”
We then surmised that if Ethereum could increase the same as Bitcoin then it wouldn’t be far fetched to consider the prospect of Ethereum declining to the same level of -93%, after such an increase. We said the following:
“As with the same percentage increase, it is reasonable to expect the same percentage decreased that followed. For the price of Bitcoin, it plunged –93.07% from June 8, 2011 to November 18, 2011.”
By January 10, 2019, we published an article titled “Ethereum: Stunning -93% Decline”. In that piece, we said:
“The difference between the high of $1,385.02 and $84.06 is equal to –93.93%. This decline was similar to the decline experienced by Bitcoin in 2011.”
DogeCoin Downside Targets
Below are the downside targets based on the work of Edson Gould.
The targets, based on the $0.41 peak, are:
The -93% downside target for DogeCoin from the $0.41 level is $0.03. We have intentionally excluded the potential upside target of $1.41. Our emphasis is exclusively the downside risk.
Posted in DogeCoin, downside, Edson Gould, Speed Resistance Lines, SRL
Below are the valuation targets for Bank of Montreal (BMO.TO) for the next 10 years. Continue reading
Below are the valuation targets for Clorox Company (CLX) for the next 10 years. Continue reading
Review:
Upside targets:
Below are the upside targets for General Electric. The price targets indicate a range at which the price is expected to experience resistance before continuing the rising trend or before breaking down to the prior downside target.
Those willing to accepted the risk of the price declining to the prior low ($5.49) could strategically accumulate shares based on this approach.
Posted in Edson Gould, GE, upside target
Below are the downside targets based on the work of Edson Gould.
The targets, based on the $156.58 peak, are:
Posted in ARKK, Edson Gould, SRL
On September 13, 2018, we provided downside targets for Tilray when it was trading at $118. The downside targets, based on the work of Edson Gould, were:
Because of the speculative activity in Tilray, we made a point of building downside targets for the stock if the price doubled to $236. At such a price, the downside targets were:
The actual intraday high for Tilray was $300 on September 19, 2018. This was a far cry above the initial trading price of $118 that the downside targets were constructed.
As seen in the chart below, the actual low has been $2.43 and Tilray currently languishes at a price of $16.80.
On January 19, 2021, we projected price targets for GameStop (GME) when the stock was quoted at $39.91. At the time, the downside targets were:
Since that article, GameStop has increased as high as $159.18.
Given what we’ve seen with Gould’s downside targets in the case of Tilray and other stocks, we still believe that the conservative downside target of $21.26 will be achieved.
Posted in Edson Gould, GME, Speed Resistance Lines, SRL, TLRY
Based on the work of Edson Gould, we have determined the downside targets for GameStop Corp. (GME) covering data from the last two years. To arrive at conclusions that are reasonable, we first must determine precedent for the potential declines.
2002-2012
In the period from 2002-2007, GameStop Corp. increased to a high of $63.30 which established the following downside targets:
The actual low was $15.73 in 2012.
2012-2020
In the period from 2012-2020, GameStop Corp. increased to a high of $57.43 which established the following downside targets:
The actual low was $2.80 in 2020.
2020-2021
In the period from 2020-2021, GameStop Corp. increased to a high of $39.91 which established the following downside targets:
If GameStop were to replicate the rise of 2002-2007, the price could easily achieve a level of $47.40 before a significant decline ensues. However, achieving such a high price would still relegate the stock to the conservative downside target of $21.26.
The only action we take on downside targets is re-examination of the company fundamentals with an eye for acquiring a long position in the company in question. We do not attempt to short the stock in any form.
Posted in downside, Edson Gould, Speed Resistance Lines, SRL
Below are the upside resistance targets based on the work of Edson Gould and applied to the Nikkei 225 Index from 1989 to 2020.
As can be seen based on the conservative upside target of 22,983.45, once the level of the index got to the 22,937.60, there was a trading range established with a significant downside move before breaching the 28,401.78 mid-range target.
The new upside resistance level to watch for is 28,401.78. At this point, we should expect similar price action of trading in a range and/or declining sharply before the next surge to the upside.
Posted in Edson Gould, Japan, Nikkei, SRL, upside target
Below are the price targets for Britannia Industries Ltd. (BRITANNIA.BO) over the next 10 years. Continue reading
Below are the valuation targets for Hingham Institution for Savings (HIFS) for the next 10 years. Continue reading
Review
We have run Tesla Downside targets in the past.
All parabolic moves get corrected by a specific amount, at minimum. Because a declining trend has begun, we have run the numbers of the expected downside targets based on Edson Gould’s Speed Resistance Lines.
The targets are:
The previous FAILED downside targets had significant problems that could have been easily remedied. First and foremost, for highly volatile stocks like Tesla, we did not include downside targets assuming the price would double. This is usually the most likely scenario to play out and is best represented in our September 13, 2018 targets for Tilray (TLRY).
At the time, Tilray was trading at $118 and we had laid out our downside targets for the stock as seen for Tesla above. However, acknowledging the psychological component of the change in the price, we included downside targets for Tilray if the price doubled ($236) [within the chart]. In fact, Tilray did double shortly afterwards and the downside targets for the doubled level were achieved, by a wide margin.
The doubling downside targets for TSLA are (assumes $996.64 peak):
We’re glad to have failed the previous times as it refines and teaches what we need to know about the limits of Edson Gould’s work. We hope to continue the process of learning as we teach.
See also:
Top three downside targets achieved by year
2020
2019
2018
2017
2016
Posted in Edson Gould, Speed Resistance Lines, SRL, TSLA