Category Archives: Speed Resistance Lines

Downside Target Q&A

Posted on May 1, 2022 by | Leave a comment

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

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Posted in downside, Q and A, Speed Resistance Lines

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Gould’s Upside Targets for Ark Innovation

Posted on April 28, 2022 by | Leave a comment

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

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Posted in ARKK, Edson Gould, Speed Resistance Lines, SRL, upside target

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Bitcoin Downside Targets based on Edson Gould #Bitcoin

Posted on April 19, 2022 by | Leave a comment

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

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Posted in $BTC, Bitcoin, Edson Gould, Speed Resistance Lines, SRL

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Gould’s Downside Targets for Shopify $SHOP

Posted on March 9, 2022 by | Leave a comment

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

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

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Meta Platforms Downside Targets

Posted on February 21, 2022 by | Leave a comment

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

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

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ARK Innovation Price Target Update

Posted on February 15, 2022 by | Leave a comment

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.

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

Gould’s Downside Targets for PayPal Holdings

Posted on February 2, 2022 by | Leave a comment

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

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Posted in Edson Gould, PYPL, Speed Resistance Lines

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Edson Gould’s Shanghai Composite Upside Resistance Targets

Posted on August 20, 2021 by | Leave a comment

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

Moderna Inc. Downside Targets

Posted on July 20, 2021 by | Leave a comment

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.

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

Doge Upside Resistance Targets

Posted on June 25, 2021 by | Leave a comment

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.

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

MarketAxess Holdings Downside Targets

Posted on June 19, 2021 by | Leave a comment

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)

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

Lumber Downside Targets

Posted on May 18, 2021 by | Leave a comment

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:

  • $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 | 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.

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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

ViacomCBS Downside Targets

Posted on March 29, 2021 by | Leave a comment

Below are the downside targets for ViacomCBS (VIAC) based on the work of Edson Gould.

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  • $48.33 (conservative target)
  • $40.89 (mid-range target)
  • $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).

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Posted in Speed Resistance Lines, SRL, VIAC

GameStop, Like Tilray, is Treading Familiar Territory

Posted on January 25, 2021 by | Leave a comment

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:

  • $66.67 (conservative target)
  • $54.55 (mid-range target)
  • $42.42 (extreme target)

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:

  • $102.92 (conservative target)
  • $90.79 (mid-range target)
  • $78.67 (extreme target)

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.

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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:

  • $21.26 (conservative target)
  • $18.22 (mid-range target)
  • $15.17 (extreme target)

Since that article, GameStop has increased as high as $159.18. 

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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.

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Posted in Edson Gould, GME, Speed Resistance Lines, SRL, TLRY