SMCI has formed a 5 month consolidation rectangle and is about to break out. This setup is similar to Nvidia one which we had a couple of weeks ago. SMCI just raised their Q2 forecast this morning. Semiconductor sector is very strong at the moment. Pure momentum play here. Initial target is at 450.
Chart is posted. Beat EPS and announced $1.5 billion government deal to produce micro chips in US.
We have been seeing a massive rally led by tech since last 2023 continuing in 2024. Personally I was expecting a major pullback in the first weeks of 2024 but it was just a very small one. Earnings continue to be decent, but in many sectors is getting disappointing and we have to remember that the tech heavy ETF and the index is basically NVIDIA, and some other...
AC is moving in an Uptrend channel, looking very bullish and undervalued at the current price. Most analysts target is 32$
ROKU on the 30 minute chart had a sell-off after earnings which were okay not great. Traders reacted. The question is whether it was an overreaction. I think it was. I am looking for a slow recovery over a week or more to at least the standard retracement level which I will call 98 as drawn by the tool. further upside targets are 101 and 104 based on VWAP...
Toast, ( NYSE:TOST ) maker of restaurant management software, stated on Thursday it will lay off 550 employees, about 10% of its workforce. The company also reported fourth-quarter earnings that beat Wall Street’s expectations. Several Tech companies have instituted layoffs in 2024. On Wednesday Cisco ( NASDAQ:CSCO ) said it would eliminate 4,000 jobs as sales...
ROKU on the 15- minute chart with an overlaid volume profile and anchored VWAP bands demonstrates a high volume area breakout on Tuesday last week having passed through the entire high volume area bottom to top the previous 24 hours. On those days it had a burst of volume. The volume is constant and consistent. Earnings are in two days. More volume spiking...
I like what i'm seeing on the charts here. I will keep you all posted with further analysis as we see more movement here but at the bottom of this controlled selling channel I see good value for a potential quick move to $50.
Telecom Industry stocks hit the wall of Market Saturation some time ago. NASDAQ:TMUS has a pattern that indicates a controlled selling mode of larger lots before the earnings report. There has been more volume to the downside and money is flowing out of the stock while the price action develops a narrow sideways range. Risk for a breakout to the downside is high.
Doordash appears breaking out of it's ascending cylinder after bottoming in 2022 and accumulating for the better part of 2023. If they have good earnings outcome and can get past the 130-135 zone, it has room to run. If they shit the bed with their earnings, can't imagine this holds the breakout. Regardless, leading up to their reporting, this is one of the...
Best Combination of 5 Indicator for scalper TF 5 Minute
On the 4H chart SHOP has been trending up since last fall when it fell through the high volume area and then rebounded crossing through it and rebounding. Earnings have been solid beats for over a year. Volume is persistent and steady while the relative strength rising from a bounce down to the 50 level to begin this month. This is a solid earnings play...
Chef's Warehouse reports in two days. This is a slow grind it out type of stock. In the past week volume spiking is seen on the indicator with the blue bars pointing out aberrancies in volume otherwise called spikes. On the volume profile, CHEF fell down and out of the high volume area of the profile for much of February but on Thursday the 8th re-entered...
Parsons reports in 2 days. This multinational engineering firm thrives on infrastructure projects like highways and bridges, airport runways and other engineering issues such as cybersecurity walware attacks, election interference, DOS wars, dams, irrigation projects, 100-year storm assessments and FEMA related work. I am very familiar with this multinational...
HUBS on the 3 0 minute chart has been trending up since the last earnings. It is above the high volume area of the volume profile. Basically it is so trong it is not attracting any short sellers. Waves of new buyers buy from the float or from those who are collecting their profits and making room for others. I got a share as a test with the dip the first week...
Following the announcement of the launch of Doge to the Moon, the bulls have dominated the market and the supply ranges have been greatly reduced, and the price of Doge as well as the price of Bitcoin are getting higher, and it is expected that this trend will continue until the landing of Doge on the Moon's surface. Dogecoin is supposed to launch to the Moon from...
With price having pull-backed to extreme lows, it seems BABA has the chance to make its nearby future reversal. It's important to watch BABA as it nears $62, having a strong historical resistance to that point. Hoping retirement money comes early for us all.
Shopify ( NYSE:SHOP ), the Canadian e-commerce giant, recently reported its fourth-quarter earnings, causing a stir in the market. While the company surpassed expectations in terms of earnings and revenue, its guidance for the upcoming quarter fell short, triggering a significant dip in its stock price. Let's delve deeper into what these results mean for investors...