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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Category Archives: Speed Resistance Lines
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
Posted in ARKK, Edson Gould, Speed Resistance Lines, SRL, upside target
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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
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.
The targets, based on the $156.58 peak, continues to be at:
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$90.73 (conservative target)
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$71.98 (mid-range target)
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$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.
Posted in ARKK, Edson Gould, Speed Resistance Lines, SRL
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)
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4,275.00 (mid-range target)
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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.
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.
Posted in Edson Gould, MRNA, Speed Resistance Lines, SRL
Doge Upside Resistance Targets
Below are the upside resistance targets based on the work of Edson Gould.
The targets, based on the $0.18 low, are:
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$0.43
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$0.52
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$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.
Posted in DogeCoin, Edson Gould, Speed Resistance Lines, SRL
MarketAxess Holdings Downside Targets
Below are the downside targets for MarketAxess Holdings (MKTX) based on the work of Edson Gould’s Speed Resistance Lines.
- $249.65 (conservative target)
- $225.90 (mid-range target)
- $202.15 (extreme target)
Posted in Edson Gould, MKTX, Speed Resistance Lines, SRL
Lumber Downside Targets
Below are the downside targets based on the work of Edson Gould.
The targets, as noted in the chart above are:
- $821.80 (conservative target)
- $691.90 (mid-range target)
- $562.00 (extreme target)
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
Dogecoin: It’s Not Legit If It Doesn’t Crash -93%
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:
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$0.19 (conservative target)
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$0.16 (mid-range target)
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$0.14 (extreme target)
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
ViacomCBS Downside Targets
Below are the downside targets for ViacomCBS (VIAC) based on the work of Edson Gould.
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$48.33 (conservative target)
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$40.89 (mid-range target)
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$33.45 (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. Additionally, parabolic increases have been consistent in achieving the conservative target in the past (except in the case of Telsa).
Posted in Speed Resistance Lines, SRL, VIAC