One of the most overpriced comapnies in the whole markets - NASDAQ:ZM may finally be starting its breakdown.
Despite Nasdaq strength today, company is showing very poor relative strength and deliberate breakdown of major support line.
Could be good short opportunity.
After doing my research i find that this stock is heavily overpriced comparing to many other cloud companies there is little opportunity for this company to be worth over 20 billion, current market cap 70 billion.
Evaluated at 12.4b in february of 2020 the current price seems highly unlikely to stay or even grow.
1. possible inverted cup & handle formation
2. check insider selling
3. 33b? for an app with 0 with a big Z, competitive advantage
4. Fundamentals out of the question
After a successful short term short trade, I am eyeing ZM for another potential short, but nowhere close to the current level.
Don't get me wrong, I believe that Zoom is highly over-valued. But it would not be smart to try to gauge it's movement, long or short, currently.
Prices are shooting up due to expectations on a positive earnings report that is due Tuesday...
Given all of the factors in my photo above, TSLA is very over-priced, and we are close to receiving price-action signals that could result in an overall trend change from upward to downward with a major pullback.
Technical indicators look positive but the price of AMD is way overpriced in comparison to its past earnings performance. Price has tested the resistance zone and the movement is downwards. Predicating this stock to go down until next earning report.
This trade setup is very simple and justifiable due to numerous confluences, the short term target is 1.26555 which is alignment with the 61.8% fib level as well as a potential right shoulder. 1.27000 proved to be a key barrier which candle couldn't close above, 4HR candle created a huge spike but then closed below to attract a potential short order with a tight...
Price has shown 4 to 5 days of consecutive bullish momentum to the upside. However, we are approaching a key area of resistance which has proved to be a reversal region in the previous yearly highs. Awaiting for candlestick confirmation of signs of buying exhaustion before reversing to the confluence target zone of 1.61555 for a new swing low.
- possibly great...
Sorry, I didn't know how to do it here on tradingview.
My very smart girlfriend Jixuan Wang used the program R to import and plot the real bitcoin price versus the Metcalfe price:
ibb.co
Orange is real price from exchanges, green is Metcalfe price, which can be calculated from the number of the daily transactions squared:
P = C*...
Simple Elliott Wave demonstration of multiple extensions within Starbucks price rise over the last Quarter-century. Expecting a possible correction of 35-50%, but anything can happen. Know your Elliott Wave rules and apply them!
tesla is still overrated for a company with still mony buring Q to Q
and the oil rice will be also bad for tesla.
And other company come into the market with better looking cars like BMW i(
a nice car you can se it here
www.bmw.de
