$TTWO Another solid chart. ABC correction done and moving in impulsive up. Wave 3 done or in progress, if done 350 min target, if not done target even higher. Strong demand zones printing on the move and we bounced from one the recent ones. GTA 6 will drive this.
$PLTR Looks solid. ABC correction could be finished, bouncing from strong monthly demand, buyers do exist. Printed supporting daily demand zones and the move from 25th June looks impulsive so far. Need to clear daily supply at 136.
$ASTS
Correction after the last strong push could be over. Looks like a 3 wave correction, second wave built strong demand zone where we bounced from. The recent bounce has smaller demand zones supporting the move and a fair value gap on daily. Supply waiting at 103-112.
Commodity markets are driven by investment cycles.
Years of underinvestment create shortages and push prices higher. Those higher prices eventually attract capital which finances new mines, new oil fields and new supply.
Because these projects often take close to a decade to build, supply almost always arrives too late. By the time production finally ramps up the industry has usually overinvested.
That's how commodity bull markets end.
Today capital spending across most commodity sectors remains depressed despite significantly higher prices.
We're much closer to the beginning of this cycle than the end.
@DaveHcontrarian@ElenaVzdohi@JeremySzafron Thanks for your continuous analysis. I have a question on the global bust, do you have a view how the high inflation and bust could impact real estate prices globally? Thanks!
$NVO Vice President: "We are seeing tremendous demand for the Wegovy pill."
$NVO will dominate the oral weight loss drug market.
They are establishing early dominance, and $LLY will have a hard time catching up this time, as $NVO has a better product.
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