Technicals: This is not at all a perfect short setup solely off of the technicals. With that in mind, some clear signs of weakness can be seen in DE's weekly chart. One such sign was the new lower low formed at around 285 in July, which broke DE from its previous trading range of around 310-400 a share. Deere's recent bull rally since July's new low I find to be...
Noticing some bearish divergence on the RSI. HSY of late seems to be trading in a shape that resembles both an ascending triangle and/or a rising wedge. Due to my inability to tell which pattern it is trading in, I will remain neutral on Hershey at the moment. However, the stock has seen quite a run-up in price (since Covid), so HSY holders now may be an optimal...
Let's be practical.
4 times ONLY since 2008 projection of downside was above $50 of movement as a true possibility.
2008
2014
2018
2020
And now.
Connecting weekly lows many times is underestimated by traders.
Shoring USOIL from the weekly breakout down December 2019 allowed swing traders to enjoy tens of dollars of movement within a week to weeks.
During...
I am a trader first and foremost and investor second. I checked the company's fundamentals and I've come to a conclusion that NVIDIA is a good company that I want to buy at least 10 shares of them BUT not at the current price.
I am a swing trader and I will wait for opportunities to buy at the DCF average price of $266 or closer to the technical price that I have...
45bn makes it more expensive than Electronic Arts and Ubisoft combined. Look at the market cap! Look at revenue! Don't look at share price! Fundamentals matter, the industry matters, the competition matters!
In no way does the fundamentals make sense for the market.
Roblox 1.5bn revenue, EA 5.5bn/yr, Ubisoft 1.7bn/yr.
Take-Two Interactive Software, Inc with a...
45bn makes it more expensive than Electronic Arts and Ubisoft combined.
In no way does the fundamentals make sense for the market.
Roblox 1.5bn revenue, EA 5.5bn/yr, Ubisoft 1.7bn/yr.
Take-Two Interactive Software, Inc with a market cap of 18.984B, has the highest grossing game of all time , some of the greatest IP, many partnerships with sports . 3bn...
We had another record week. Cryptos are in All-Time-High and EHT just broke a new record of $2k!
There are so many topics and market data I would love to discuss here. However, this time I took a different approach. It is a very different post and even today's chart looks different.
Price is going up, everyone is getting rich, the unicorns and rainbows for...
ETH (and most cryptos for that matter) have been making history in the last couple of months. Never before it had 4 months of straight sky-rocketing bull run, almost without a fault. That is very unusual for cryptos market and is causing FOMO and anxiety for many people. I can't even count how many times in the last 2 months I have seen people celebrating that...
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.
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...
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.
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...
