SPLK had a very impressive beat on earnings and traders responded with buying pressure
to push price up more than 15%. The question now is whether SPLK can sustain the
new interest or will it fade or drop. My analysis is that best on the short term volume
profile compared with the longer term is that there was a lot of trading at the top as
new but late...
SNAP had a mild top and bottom line beat with last week's earnings and
the price fall. Given SNAP's mediocre social media interface, I think the
earnings were decent but I suppose most traders felt otherwise looking
for more. Technically on the 1H chart, price is sitting at support at the
bottom of the fair value zone. PVT and the Gaussian Awesome...
TMF as shown on a 15 minute chart shows TMF in consolidation at the beginning of the weeks
followed by a downtrend when the fed news of the rate hike came out. Today the general
market dropped after some federal financial data came out and a treasury auction was a dud
with little buyers confounded by Bank of Japan actions inconsistent with the path of the US...
So on the SVXY any time we have a very large spike to the down side pay attention to the price rejection on the bottom of the red candles with extremely large wicks 9 times out of 10 the following day we have a solid green day. Today is only the second time in 2021 we have had bad to back extreme dips with a slight green day in between the two huge red candles but...
Back when SNAP reporting earnings and had the miss due to the change in policy by APPLE with limiting how SNAP could market to it's clients i thought it was an extreme over reaction as the price literally fell off a cliff when i went digging into unusual whales i found very large call option bets placed out for end of NOV exp which seemed like they placed those...
INTC dropped hard and it seems it could drop even lower. But the volume profile looks abnormal, I think we will se a lot of trading volume between 49$ and 45$.
The bounce point is only a suggestion, we need to watch the price movement over the next days. Long term I see the compnay back up to $53, the highest value point.
Hello international market traders. Recently, I've published several posts explaining how China's tightened regulation on the education & tech sector caused massive sell-off.
Yesterday, I observed the investors calmed down a bit with Meituan rallied from weekly long-term MA support level as below.
Today, I found more funds came in to buy those who suffered...
Dropped from $40 to $3 on Phase 3 trial failure wasn’t even an FDA denial. Has facilities and will be focusing on other trials. Total overreaction. PT $20+
The study’s primary safety endpoint was also met.
BBBY tanked down -24% after bad earnings and stores closing
This is great over reaction bounce back swing trade in my opinion.
I will be watching price action to see where the potential the bottom is so I can take a position.
Depending on your entry the ROI is 20%+
MMM "3M" is a Dividend King. They have increased or remained dividend level for 56 consecutive years.
Heavily oversold on the daily.
Cup and handle forming on the monthly.
Blue and Grey sky movement through the period of consolidation from historical reference.
3 Month Target $195.
6-12 month Target $220
After the overreaction because of the ER, $TWTR stock has been forming a bullish channel with a great gap to fill, great opportunity to buy cheap with a slightly close SL.
Bullish on this stock, the book value per share is 2.35 yet the price got scared down to 0.79 because management rescheduled earnings. Sort of looks like a double bottom should be formed once this anomaly is resolved.
Sophiris Bio had a Phase III drug trial test showing the drug was not effective and the market overreacted. The chart has a cash/share value (mrq) of $1.74, the float is 16.78 Million Shares (note today's volume alone is a large part of that), so with a tiny float, more cash per share on hand than the market price, and upcoming results for new Phase III results...
