BTC's recent run and sudden drop has most traders uncertain of what might come. In this analysis I'll be evaluating 12 different indicators to see if we can get a feel for BTC's direction over the coming days/weeks. Note - I'll provide links at the bottom of this analysis to articles that describe some of the more exotic indicators. PAGE 1 - Headline Photo...
$ZUO came back down to the downtrend channel after an uptrend breakout for 5 days with 48% gain. .
A second positive day and basing over the next fib would confirm good entry. This may depend on cloud/software stocks rallying.
Last week I put up a post titled "HPE sentiment may change for the better," but the post got blocked because I had a link in there that the mods felt constituted advertising. Well, HPE sentiment has begun to change for the better, as I predicted, so I think this is worth an update and repost with the offending link removed. I track metrics of both value and...
ADSK has nearly tapped ATH recently and fell down with the market weakness. It seems to have rallied and looks oversold. Fib retracement was done from recent swing high to low, levels included. Ideally an open at or above the current level right at the fib would backtest and hold, providing ideal entry.
I am not as confident on this one and I think it needs another daily candle to close to confirm. Starting to become oversold, bouncing off the 72/89 EMA cloud, and down from recent highs of over 280. Nearly a reversal hammer candle on the daily. This may have a nice comeback, but will depend on market conditions as well as investor reception to cloud stocks.
Cloud based tech & data insight solutions. Oversold and nearing SMA 200, usually the area of very strong support. Recently closed $16M financing @ .75 with insiders putting in $200K. Another recent $15.9K buy by insider @ .53. Analyst PT $1.10 - $1.40. Ridiculous discount at .45!
Beautiful price action around those fib levels. Closed 2 cents below the 0.618 at 264.47, if it opens above and holds it should move towards the .786 fib level at 288.56 over the course of the next week. It tried to break and failed at this level on August 3rd 2020. After recent explosive movements from other cloud stocks, $TWLO may follow suit.
The newly formed downtrend may be broken. $ATEN is coming back to its uptrend support.
$NTNX failed to break out for an uptrend and fell back to its downtrend channel.
We are seeing confluence of support around $120 approximately. Test 1: February high Test 2: Bottom of gap Test 3: 200sma Risk Reward ratio is great, as we can set a stop below the 200sma. RSI is still not oversold on such a drastic down movement.
Topping up here TA, - Trend line support - 20EMA daily - Ascending triangle - RSI relatively oversold - Short term resistance at 0.6 show by high volume. Good place to take some profits if you intend to. Concerns, - Recent earnings and 50% loss in operating revenue. However, the earnings reaction was neutral which shows strong hands holding this. - If negative...
SlowSto oversold, bouncing off the 34 day EMA, looks to go upward from here towards fib targets above. Fib support at the dashed line, looks like a safe entry above should it hold it, a retest would confirm.
$ADSK has recently broken out for all time highs after a 35 year history. This could break higher and continue to run alongside other cloud names. RSI >60 reflects recent moves while showing there's more potential upside ahead.
Catchup trade for those jumping off of AAPL or who didn't participate. I expect this move because of the technicals (back above the 8day MA) and the foreign cloud contracts announced Friday will begin to be reflected in the price. All aboard! ***Not trading advice. MSFT
Most tech stocks have fared exceptionally well during the crash. Some of them were trending sideways for years or in a long term downtrend for many quarters. Covid was the catalyst that reversed their downtrend and proved their existence to the broader market. The uptrend is almost confirmed. Need to wick past the $100 level for full confirmation. I'll be...
Since we crossed the 20 exponential moving average, we have tested it many times, to retreat and continue higher. RSI has stayed above 50, showing no sign of strong selling.