Trend line is temporarily broken and there was no strong bounce back after the price crashed to the confluence zone of POC, 50 SMA and fib 38.2 level, indicating a weak demand at this lvl. There is little sign of decreasing selling pressure at this moment. If FSLY doesn't get back above the resistance and supply zone of 90 convincingly in the next days, party...
Earnings are on the 17th of August. Watch the price action closely in the lead up.
BABA is currently consolidating on the 1D chart (RSI = 59.048, MACD = 6.230, ADX = 19.815) but the important news of the month is that it broke in July two very bullish long-term patterns (the blue Channel Up and the dashed Higher Highs trend-line since Jan 2018) to the upside. This resembles the expansion phase that Alibaba had is 2017. If an identical +140%...
The Shooting Star Signal along with selling volumes implies a price reversal. The fact that this formation is on weekly basis, makes it even more likely.
MercadoLibre ( NASDAQ:MELI ) and Sea Limited ( NYSE:SE ) are two highly correlated stocks in the same sector (Internet entertainment/e-commerce). Since SE had a 50% increase in the second half of 2018 (marking the beginning of the market-cap similarities), their correlation began, and SE's large moves (or lack thereof) are highly likely to be precursors to moves...
CLOUDFLARE (NET) met expectations 2 days ago on my previous post and broke out from a Blue Sky Set-Up. It paused yesterday for profit taking and is currently set-up again to continue it's move to hit a round number target. Needham just raised its price target to 38, a mere 3% away from it's current price. NET is a clear beneficiary of the shift to work from home...
I am bearish WMT . Horizontal line has been tested for several days and there's a high chance that it will breakdown. Target price below: $117. Chart Invalid: above $123.
This absolute turd is way overbaught and once again around the peak of the weekly MACD. Started a short position as the S&P also seems to be showing SOME signs of weeknes...(imagin). Because this is a dumb money crowd play my short stop loss is tight and if it breaks green on any day I would be ending my position. Should be easily send fown to $150 or even...
Ranging Channel Between $4 and $5. Negative RSI suggests we are heading toward $4, which would represent an excellent buying point.
NASDAQ:OSTK broadening wedge forming. I think it will go up eventually. Related names: OTC:OSTKO COINBASE:BTCUSD KRAKEN:XTZUSD NASDAQ:EBIZ AMEX:ONLN NYSE:W
Overbought on low volume. Short 750, Stop 775, Target 1 670, Target 2 590. Shopify has benefitted from an increase in stores on the platform during the pandemic but this short term metric does not justify a longer term price. Yes, it's been necessary for traditional brick and mortar only to migrate to e-commerce but this is priced like those customers are...
Our previous objective of $6 is almost reached. A confirmation pullback pattern could form using the $6 resistance. If not, the next resistance is at $7. Today's breakout represents a strong mid-term buy signal as we can now see a cup and handle pattern combined with a breakout. We also note that the rally that started on 20 March point could be the start of a...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, I have recently made $3843 in a paper trading simulation buying Fiverr in just a single day. Testing the current correlation waves for Fiverr, I would say it is still mostly bullish and I reintegrated my strategy into some high...
I recently was bullish on Fiverr, even implementing it in my own personal test strategies. While, it is too early to say I was right, my bullish call seems to be quite accurate. As always, this is on opinion basis and don't take anything I say seriously, as I'm not trying to solicit any financial advice. That being said, the revenues per share and losses per share...
First off, please don't take anything I say seriously. As always, this is on opinion basis, and not financial advice. That being said, let me get into a few key points I want to make. Right now Etsy seems bullish and many analyst are giving it buy and hold ratings. I believe for a quick profit turn over with mitigated risk for day traders, a $70 short target...
China's e-commerce giant VIPS broke the down trendline.