Category Archives: Speed Resistance Lines

Comcast Corp. Downside Targets $CMCSA

Below are the downside targets for Comcast Corp (CMCSA) based on the decline from the September 2, 2021 high. Continue reading →

$WTI Downside Targets based on Edson Gould #OOTT

This posting will cover the downside targets for West Texas Intermediate Crude using Edson Gould’s Speed Resistance Targets.

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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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Downside Target Q&A

After our April 30, 2022 S&P 500 Downside Targets assessment there was a very important question raised which requires additional commentary. Continue reading →

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 PayPal Holdings

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

MarketAxess Holdings Downside Targets

Below are the downside targets for MarketAxess Holdings (MKTX) based on the work of Edson Gould’s Speed Resistance Lines.

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  • $249.65 (conservative target)
  • $225.90 (mid-range target)
  • $202.15 (extreme target)