IQ if following NFLX's IPO price action. This can be seen throughout many of China's IPO's. Expect a sideways pattern into a breakout of some crazy magnitude. If IQ's breakout is identical to NFLX (740% Increase from the first bottom after the breakout), IQ Wave #1 = $380
Established in South Africa in 1915, Naspers Limited is a media, internet and entertainment powerhouse with a footprint in more than 130 countries, and is one of the largest technology investors in the world today. The group’s principal operations are in e-commerce, video entertainment, print and online media.
Naspers shares have continuously been one of the JSE...
1. KWEB (Chinese Internet ETF): Expect a relief bounce here for Chinese Internet stocks ( BABA BIDU JD ) with a Hong Kong ( HKDOW ) & Shanghai ( DJSH ) market rally.
a. Holding 200weekSMA and 50monthSMA support here at $44 with record volume twitter.com
b. Very oversold on weekly...
As this dip happening after 5 days growth to $7400 it's really nice to have this healthy retracement. Now i'm looking even more bullish upward with target $7500 with that RSI level so rekt!
The first sentiment coming from a good news that I get and also from technical things: BTFD!
Looking at support and RSI this time. RSI indicates oversold conditions, but prices may likely touch the support line again.
It is safer to wait until prices touch the displayed support line, but the current price is also a well-tested support.
Disclosure: I am long CWEB.
Earnings coming up soon and I like JD overall. Low part of the range after a great 2017.
I went with a synthetic covered call, selling the Aug17 $39 put for $1.90 cr. This trade is around a 5% cash ROC within the next 35 days.
I'll go for 50% W or continue rolling this position out, collecting credit through time.
YY is a Chinese company with a popular streaming platform. Below is the summary of their latest earnings report:
YY reported revenue of $518 million, beating analyst estimates for $487.8 million and up 43% in local currency. It reported adjusted earnings of $1.72 per share, beating Wall Street's view of $1.52
With social platforms, it is...
"By 2005 or so, it will become clear that the internet's impact on the economy has been no greater than the fax machines. - most people have nothing to say to each other!"
Paul Krugman - 1998
First the internet, then bitcoin. What's next Paul Krugman?
Correction? Not for Adobe! Ahead of the curve on the same breakout setup as other names like MSFT and CSCO.
ADBE has the story, the ideas, products, etc. for the digital future.
+ Cloud Integration?
++ Digital Media?
++ Barrier to Entry?
- Overdone Media Attention?
Adobe's been crafting their monopoly on digital media production tools by...
"Don't let your dreams be dreams" - the internet as $DOGE/BTC adds 10 sats. With it's market value around $0.01 USD / coin this isn't something you want to get into but fun to watch non the less as people goof around with the satoshi's they're making in BTC push right now.
Who said you can't have fun while sweating, right?!
In January 2000, AOL announced a merger with Time Warner. This is largely regarded as the peak of the dotcom bubble. The Nasdaq fell 78% in the next 30 months. Keep this in mind when buying and holding crypto. "History doesn't repeat itself, but it does rhyme."
In the last post, a symmetric triangle was identified, after resistance break an immediate target was achieved, at next major resistance.
However, this resistance zone was not pose any resistance at all, so we could see a price rally to higher levels, and DMI confirms it. RSI and Stochastic (not shown) look overbought.
Market is currently struggling at the 0.786...
We are becoming more and more dependent on the internet. Along with this increased dependence the social desire for cyber defense will grow. Even at high costs the demand and necessity will be strong.
A single company will not monopolize security of the internet - it's too big and too complex - but I do think a broad index of companies building the "immune system...