Four stock charts for 2020

TL;DR

John Burford shares successful predictions for General Electric, Nvidia, Just Eat, and Barrick Gold, providing insights into their market movements and future prospects.

Transcript

hello it's John Burford with chart of the week for Monday the 30th of December the very last one of the year and today I thought I would offer a few bonus samples of my calls for 2019 I gave you 10 in the email version and I've got a few more here so let's go into the this one here General Electric I was following that on the way down big bear mark... Read More

Key Insights

• ❤️‍🩹 John Burford successfully predicted the end of the bear market in General Electric and anticipated a rally.
• 🧔 He identified a bear market rally in Nvidia and expects a down market in January after a possible buying climax.
• 📡 John Burford provided a buy signal for Just Eat based on momentum divergence signals, indicating oversold conditions and a subsequent rally.

Questions & Answers

Q: What were John Burford's predictions for General Electric?

John Burford predicted the end of a bear market in General Electric and successfully forecasted a rally, with his final buy signal occurring on October 21 at $8.75. He anticipated a move up to a trendline, which proved to be correct.

Q: What did John Burford anticipate for Nvidia?

John Burford identified a bear market rally in Nvidia around the Fibonacci 50% retracement level. He expected a down market in January following a possible buying climax, indicating a potential reversal in the stock's movement.

Q: What was John Burford's analysis of Just Eat?

John Burford provided a buy signal for Just Eat at $5.85, speculating that it would form a bull flag pattern. He noted momentum divergence signals, indicating that the selling had been overdone and a sharp rally would resume.

Q: What are the future prospects for Barrick Gold according to John Burford?

John Burford identified a potential Head & Shoulders pattern in Barrick Gold, with a strong resistance line indicating significant resistance. He predicts that any further advance will not push the stock above that area and expects a reversal below $30 next year.

Summary & Key Takeaways

• General Electric: Predicted end of bear market and anticipated rally. Final buy signal on October 21 at $8.75. Successful forecast of thrust up to trendline.

• Nvidia: Identified bear market rally at around Fibonacci 50% retracement level. Expecting a down market in January after a possible buying climax.

• Just Eat: Provided a buy signal at $5.85, anticipating a bull flag pattern. Momentum divergence indicated oversold conditions and predicted a sharp rally.

• Barrick Gold: Identified a potential Head & Shoulders pattern and resistance at a strong resistance line. Predicting a reversal below $30 next year, but currently in a bull market.