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Hi, this is Krie Artech with Wicked Stocks, bringing you your daily Triple Q report for Wednesday, March 12th, 2025. Let's take a look at the charts. This is a weekly chart, as you can see, and uh, actually, it doesn't—it's not labeled weekly, but I can assure you that it is. Um, we did test our initial target, 47147, on Tuesday. We slipped below it comfortably on an intraday basis; did not close below it. This same structure on the daily chart—I can show it right here—is 47160 today. So I've lowered the number to take into account the lower of the two, give it a little more breathing room: 47147. Now, as I've mentioned now over the last week or so, that last week's settlement below the 50118 does carry with it the very clear possibility of 43694 as the ultimate objective. You know, like a one-to-two-month, three-to-five-week—if we close this week, Friday, below 47147, one to two weeks, something like that. 43694 is two-year channel support for the Triple Q that may well contain selling not only through the month of April but even into later year.
From here, we can round up to new highs in the months two to three, three to five months to follow. Now, technically, I don't expect 43694 unless we were to close below 47147, and and the further south we close below this level, you know, the 1% mark is justified in this case. I don't show it here; I haven't noted it, but you're really just going to subtract 4.7 from 47147; that'll take you to 466 and change. I'll let you do the math there if you like. In fact, 465.92 would not be a bad level. I know this is a minor point, but it is a real level on the daily chart, and that might be your threshold for, uh, I don't know, exiting a long position you may have established here over the last day or two as we've been testing the low 470s. Once again, there's your daily chart. Um, and if we did close today below 47147, the 4585, 45027 level is then likely by the end of next week; the 43528 level within about two weeks. 43528 is what we find on the daily chart that you can see here at 43694 on the weekly. But on the way down today, if we were to break—this is 47147, mind you—47147, you should allow 4859 intraday with present volatility; that would be right about here, and so that you can see that is certainly possible. 465.92 on the way down, able to contain initial selling pressures, but I would expect it to give way as we move into later day with 458.59 in reach later in the day if we break, especially open today below 47147. 47147 is once again what we find on the weekly chart, um, at 47147 and the daily chart at 47160. So that covers the downside pretty well. I'll say it one more time: if we close today below 47147, 45859 if not tested today, tomorrow; 45027 here we are by the end of next week; 43528 within a couple of weeks. This 43528 is the two-year channel support we find on the daily chart that is on the weekly at 43694. We'll call it the mid-430s, able to contain selling possibly through the rest of the year. And yes, if we did close below the 436.994 formation at the end of a week, we enter a bear market, I think, in the later year, but I don't need to go there just yet.
Let's talk upside today. You know, if we if we open, we closed, you know what, and you know, I've got, I kind of, we dropped these charts right at the closing bell, and so the numbers are always moving around, but we closed in the 472 handle, you know, about a point above that 47160 formation, 47147 on the weekly chart. So let's take a look at the upside today, because you know, after all, this is an eight-month channel bottom, and we've tested it quite a bit, Monday, Tuesday. We may have formed a weekly low. I do have this as a three-star weekly support level for good reason, because it can contain weekly selling pressures. And so I covered all that downside scenario a moment ago. I hope I didn't rattle your cage if you went long, uh, let's say on Tuesday afternoon, because that is the play. Um, you know, unless we close below 47147 today, this is a case to be long over the next week or two, back into the low 500 area, or for the day up to 48196. 48196 is a descending three-week channel top that can contain daily highs, and we could fall back to 47160. Inay, we could fill this 10-point range out all day long. If we close above 48196, 48196, Monon Channel support, excuse me, Monday, Tuesday at 47160, good low for the week. We should—I don't think by Friday's close—but it is possible, certainly. I think by the end of next week, if we close today above 48196, 50128 is likely. And so if you've been reluctant to buy the Triple Q on these this weakness in the 471 handle, if we close above—proposition not by a wide margin, but wide enough—and so if we close above 481.121 formation, 50128, classic channel bottom, 50118 on the weekly chart, able to contain buying through next week, and from there we could fall back into the low 470s again within a week or two. We could fill this wedge out for the next few weeks. If we close below 47147 this week, we fall into the mid-430s, as I said, within one to three weeks depending on volatility, and then we could fill that wedge between the mid-430s and the low 500 region. We could fill that wedge out for the next couple of months. Now, ultimately, after testing either 47147, which we have, or if we do fall into the mid-430s, um, it would be a settlement above 50118 that would tell me that the worst is over, the low is good, and we should then see higher trade as we move into late Q2, Q3 into later year. Really, I don't have the actual target mapped out just yet. I really do need to see where the low is, but um, if over the next week or two we close above 50128, that is another two-to-three-week buy signal up to 5286. So right now, really what we have are these kind of one-to-three-week swing trade opportunities: buying the low 470s, selling the low 500s, selling a settlement below 47147, buying at 43694. I think it it lays out pretty well, but in terms of the big picture, it is long-term support at 43694, and if we can close back above 50118, we probably have a good low into later year. I think that pretty much rounds it out. I am going to leave it at that for Wednesday's Triple Q report. I'll be back tomorrow, of course, with Thursday's, and you have a great evening. Sh