Right now many analysts agree that the market is overvalued, but many believe that just because it is overvalued doesn't mean it needs to be corrected. Many traders now trade with cognitive dissonance because the market is overdue for a correction. Just because there may be a "bubble" that doesn't mean that it will "pop". But I think that due to and overdated...
The setup is explained on the chart, if you're looking to trade make sure to give the chart a thumbs up or follow because I will be posting updates HERE throughout to explain, if any, the changes we will be making throughout and be updating EXACTLY when I enter!
Tesla is going to have a very important autumn and we'll see a massive expectation from investors in delivering the products and maybe some more talking about future plans. For me I hope it's a good chance to buy at a discount :)
This stock is being pumped up so much. Thinking of shorting it. Audi just announced that Intel will provide with chips for the Audi A8 so they are not using Nvidia anymore. And all other partnerships doesn't have any longterm agreement nor they are exclusive. I would be careful going long on this one especially at these prices.
This should be self explanatory. SQ has stuck with a strong positive trend with plenty of volume. If earnings are great, which they are expected to be, this has lots of room for growth. NYSE:SQ
QQQ recently broke below a daily uptrend line
QQQ was rejected by the broken trend line when it tested it from below (breakdown confirmation)
QQQ closed below 2 MA lines
Potential Head and Shoulders if forming.
What do you think?
Despite a solid earnings report, $MU took a beating today and has a lot of bulls scared.
However, looking at the OBV and the fib retrace i set on it...the largest volume bar of recent wasn't the one that brought it to the level it's at now. A weak break (weak on volume) there is important because it means that a little more volume can kick it back up fairly...
Yesterday, ORCL gapped up. It opened at almost $52 but closed closer to $50.
This morning, ORCL dropped below yesterday's low but quickly got back up above that low.
If ORCL can stay above 50 it should see higher prices. Any long play should have a stop at $50.
All-time daily chart showing a clearly negative trend since the IPO. TWTR still has plenty of work ahead if it wants to change the momentum. Note the converging trend lines - and that TWTR has never sustained a bullish crossover of its 50 and 200 d sma
Leading provider of in-flight WIFI - good news recently - I think a good long investment opportunity - close to support - entry opportunity - I think it can defiantly reach its nearest resistance @ 13.59 which could net you an nice ~9% gain in the ST.
Siri has formed a head and shoulders pattern after a strong uptrend since it was $0.04 in February of 2009.
Some notes:
- Monthly indicators show the stock is well overbought and due for a pullback. Daily indicators show the stock is oversold after pulling back from $5.53 (52 week high). I would look for the stock to consolidate momentum near the neckline prior...
