I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year: and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next: Now, after the earnings, i see a retracement to the May 2019 level. Net Sales: $865.3 million vs. $894 million expected Diluted EPS: $0.18 vs. $0.05 expected For 2022 Roku sees...
On Feb 3rd i was writing this article saying that the price targets after the Feb 16th earnings are $715 and $531: At that time, the price was $929. i know it seemed ridiculous. But today the fist price target was reached and i have closed 50% of my position. The Slowing Growth Outlook was the main catalyst for the selloff: "There is caution around inflation...
I am short on AAPL, SPY, and general tech today. This could lead into next week, and return to the selling frenzy we saw before earnings. See previous post about "SPY Wedge" for targets, and my longer term thoughts.
Twilio lets companies converse with customers through text messages. The company expects to be profitable on a non-GAAP basis in 2023. But it already has a mk cap of $36.02Bil + 19% in the pre-market, it`s a 42.84 Mk cap for a non profitable company. How further the growth thesis go if Royal Bank of Canada has a Price target of $400 for it??? Even though it is...
Today you will probably have the chance to buy SPOT at the price of its IPO in 2018. But the price target, in my opinion, it`s even lower. Looking at the Head and Shoulders Bearish chart pattern combined with the Joe Rogan controversy that has exposed Spotify’s weaknesses, i would say $126 per share is my buy area. Looking forward to read your opinion about it.
Hello Friends! Took a position at $129.89 and looking to fill that $140 to $151 gap fill. That sharp selloff might find traders to fill that gap. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Looking at catch the next leg to the downside on GBPJPY to continue the overall sideways consolidation at this major resistance area. Ill be watching price from now and look for any confirmation around these current levels to take entry's, we are around the 50% retracement so even a little further push up would be ideal.
Still eyeing the area of 1.35500 for potential short positions. Price is creating a retracement in the mean time and once price can push a bit higher and show the sell confirmation signs ill look at taking short trades.
If you missed last Friday`s 28usd price per share, close to the 2017 IPO opening price of $24, then, after a bounce from the oversold area, once interest rates will go higher, i think we can still see it in the 18-25usd range. SNAP is still unprofitable 4 year after its IPO. It is trading at 19.5 times its 2020 revenue. A worthy multiple would be let`s say...
The price of any asset is always the correct price because it is the level where buyers and sellers meet in a transparent environment, the marketplace. A price trend is the most accurate reflection of the market’s sentiment. When buyers are more aggressive, prices rise, and when sellers overwhelm buyers, prices decline. The stock market trend reversed The S&P...
Morning Jumpstart Macro View and US market recap 31-01-22 US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support. For a...
Just a quick video breakdown. As you can see a trend building here over the last few weeks, it's likely that trend will continue to true support. That level is very clear at $30k and looks to be pretty heavy support. It is possible we enter the winter and head into that $20k rang or possible a collapse tot he $12k range over a period of many months of volatility....
Waiting to see the next phase of the BTC/USD on the 1hr chart. I am look for an efficient market to sell the top of that range.
The target is $32700 from which it will bounce to $39800. Extreme fear in the market with BTC oversold on the RSI. i don`t believe that the head and shoulders bearish chart pattern will ever complete. Looking forward to read your opinion about it.
Bitcoin SV is close to test two important support lines and most likely it will. What is the utility of those Bitcoin forks anyway?! Aren`t they useless?
As the title says. I don't believe we are at the bottom but we are close so why wait? DCA is king here. Dry powder bombs are your aces so placing some orders in some low territories is a smart idea to scoop up those sales baby!
Do you need some intuition for BTC? This is my map! Fear and Greed index shows 13 (Extreme Fear), where previous week it was 23. The 28k-29k is a great support, yet we could go to 25k as well. I consider it the next strong support. There are two big bearish patterns, a Head and shoulders and a huge double top pattern. Yet I consider the deeps with green boxes,...
If you haven`t shorted the top at my last call: then you can see NFLX reached a strong support area and it`s now consolidating. In 2021 insiders sold around $500Mil worth of shares. The buy opportunity area is $350 - $385 in my opinion if you want to long it once again. Looking forward to read your opinion about it.