Category Archives: Edson Gould

Gould’s Downside Targets for Boston Beer $SAM

Posted on September 29, 2021 by nlo-admin | Leave a comment

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

DJIA Downside Targets Using Dow Theory and Gould

Posted on September 3, 2021 by nlo-admin | Leave a comment

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 →

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Posted in Charles H. Dow, downside, Edson Gould, SRL

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Edson Gould’s Shanghai Composite Upside Resistance Targets

Posted on August 20, 2021 by nlo-admin | Leave a comment

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

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.

See Also:

October 5, 2019

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Posted in Edson Gould, Shanghai Composite Index, Speed Resistance Lines, SRL

Edson Gould’s $TCEHY Downside Targets

Posted on August 20, 2021 by nlo-admin | Leave a comment

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

$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).

See Also:

TenCent Holdings Downside Target October 12, 2018

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Posted in downside, Edson Gould, SRL, TCEHY

Edson Gould’s $BABA Downside Targets

Posted on August 20, 2021 by nlo-admin | Leave a comment

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

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

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Posted in BABA, downside, Edson Gould, SRL

Moderna Inc. Downside Targets

Posted on July 20, 2021 by nlo-admin | Leave a comment

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.

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Posted in Edson Gould, MRNA, Speed Resistance Lines, SRL

Doge Upside Resistance Targets

Posted on June 25, 2021 by nlo-admin | Leave a comment

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

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.

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Posted in DogeCoin, Edson Gould, Speed Resistance Lines, SRL

MarketAxess Holdings Downside Targets

Posted on June 19, 2021 by nlo-admin | Leave a comment

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)

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Posted in Edson Gould, MKTX, Speed Resistance Lines, SRL

Dow Jones Transportation Average: On Target

Posted on May 24, 2021 by nlo-admin | 1 comment

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.

DJTA 10-year price targets

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Posted in Altimeter, Dow Jones Transportation Average, Dow Transports, Edson Gould

Lumber Downside Targets

Posted on May 18, 2021 by nlo-admin | Leave a comment

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.

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Posted in Edson Gould, lumber, Speed Resistance Lines, SRL

Dogecoin: It’s Not Legit If It Doesn’t Crash -93%

Posted on April 24, 2021 by nlo-admin | Leave a comment

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:

$0.19 (conservative target)
$0.16 (mid-range target)
$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.

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Posted in DogeCoin, downside, Edson Gould, Speed Resistance Lines, SRL

Bank of Montreal 10-Year Targets

Posted on March 12, 2021 by nlo-admin | Leave a comment

Below are the valuation targets for Bank of Montreal (BMO.TO) for the next 10 years. Continue reading →

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Posted in 10-year Targets, Altimeter, BMO, BMO.TO, Edson Gould

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Clorox Co. 10-Year Targets

Posted on March 10, 2021 by nlo-admin | Leave a comment

Below are the valuation targets for Clorox Company (CLX) for the next 10 years. Continue reading →

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Posted in 10-year Targets, Altimeter, CLX, Edson Gould

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General Electric Upside Targets

Posted on March 10, 2021 by nlo-admin | Leave a comment

Review:

On January 21 2018, when General Electric (GE) was trading around $16, we said, “the speed at which the current decline is taking place indicates that sentiment will push the stock to the $5.27 price and the elimination from the Dow Jones Industrial Average is eminent.”
On May 15, 2020, General Electric (GE) achieved a closing low of $5.49, 4.17% above our estimated downside target.
On January 1, 2019, when General Electric was trading around $7.25, we said, “…now is the time to consider the upside resistance targets. The above chart lays bare the expectations for an upside move.” We also said, “The year 2019 could be forgiving to GE…” This was 12.40% above the December 12, 2018 low.
As of March 10, 2021 (intraday) General Electric is +82.75% above our January 1, 2019 indication to look to the upside.

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.