Facebook $FB breaking out?When we look at the daily, it seems very positive. It is clearing the buy point $215 will target the pivot $224. However, when we look at the monthly, price is rising but RSI is still below the last highs. Watch how it will close by the end of the month.
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Ali BABA Group $BABAIt needs to break out the trendline and i would wait to get above $216.21 for bullish action. 50 and 200 SMA are the support. Watch for RSI trendline as well.
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AT&T More Down Side to Come (Revised)AT&T (NYSE: T)
What is AT&T:
Is a telecommunications company that also provides mobile phone Services along with Cable and Internet Services.
JesusTrades Score:
Sell
Scale Score:
Risky (7/10)
Portfolio Hold:
1 month
Fundamental Reasoning:
Last Earning Report (Pre-COVID) T reported an earning of less revenue than last year, less EPS and and a Loss on revenue. Short interest on T has been going up since 4/20 and believe more will come in when the market takes a dump.
Twitter $TWTR#Twitter is swinging up and closing to the resistances zone to overcome. It is still below 50SMA, rsi is above 50 though.
Tencent Holding $TCEHYIt is hitting the pivot resistance but RSI is still below the last high. Unlikely it will break it.
AT&T Topping Out Short TermAT&T (NYSE: T)
What is AT&T:
Is a telecommunications company that also provides mobile phone Services along with Cable and Internet Services.
JesusTrades Score:
Sell
Scale Score:
Risky (7/10)
Portfolio Hold:
1 month
Fundamental Reasoning:
Last Earning Report (Pre-COVID) T reported an earning of less revenue than last year, less EPS and and a Loss on revenue. Short interest on T has been going up since 4/20 and believe more will come in when the market takes a dump.
Amazon is breaking out the pivot $AMZNBig giant Amazon is about to break out the pivot resistance so far. It is important how it will be closed by the end of this month. It may stall when the RSI hit the resistance.
Volume +
RSI +
Price vs Volume +
Pinduoduo $PDDPinduoduo rallied great and now is pulling back. Just below the 20SMA and rsi trendline. may back test but needs some time to rest.
Vipshop Holdings #VIPSAfter broke out, Vipshop Holdings just sat on the support. The pull back may continue on this week.
Zscaler #ZS#ZSCALER just cleared the resistance and heading up to next one. #RSI broke the trendline. The Volume is above the average
Amazon Com $AMZN#Amazon did perfect rally since March. on weekly it broke out the top. There is a RSI resistance waiting so after it hit there we may see a small pull back to 10 SMA. Worth to watch..
EBAY INC $EBAY#EBAY broke out both 50and 100SMA after long rally. It recovered fast, expect to go on after some pull back
Bitcoin is like the early internet"Bitcoin is like the early internet" we hear that sentence over and over.
The convenient thing is the internet and crypto, as we know them, both appeared the same year, in 1983.
So how about a simple side by side comparison?
* Note I have strongly overstated crypto adoption to make it visible.
As you can see, adoption wise, crypto is indeed like the early internet.
But the fact that is has been like the early internet for now almost 40 years, means crypto investors should not get their hopes up too much about it getting adopted.
Their best bet is that new buyers that think the price will go up show and buy their bags.
Not sure who will do that, now that the whole planet has heard about crypto & Bitcoin in particular.
Aliens maybe? Who knows.
I suggest creating a whole new type of crypto, call it etrash, and leave it there.
Would be the perfect end for this joke of a ride.
C'mon ... 40 years... Claiming claming crypto is as important as the internet or can ever be half as successful... Some people can't stop dreaming...
40 years and only use case has been being untraceable & buying drugs and kiddie porn. Crypto enthusiasts are nuts.
They should wake up from their dream and start doing something useful with their lives.
