technology

Another RSI Negative Reversal again in Tencent's chart.

Hello Traders, In this Elliott Wave analysis, we will have a look at the Technology ETF. The ETF ended the cycle from 06/28/18 low in red wave 1 at the peak of 07/25/18 (74.26). The internals of red wave 1 unfolded as a 5 wave Elliott Wave impulsive structure. Where black wave ((i)) ended at 06/29/18 peak (70.08), black wave ((ii)) pullback at 07/02/18 (68.73). ...

The positive news keeps coming from AMD, as the company continues to emerge as the global leader in hardware used in cryptocurrency transaction processing. With Intel falling further behind, AMD knows no equal in the space. The monthly chart shows AMD currently breaking out of a bull flag pattern. The one-to-one extension of the flagpole suggests a target of ...

Ripple positioning itself as a blockchain transaction company will only devalue its "currency" - it is also ironic to call it currency! Centralised XRP is facing danger to be obsolete when VISA, MASTERCARD and others start their own transaction blockchain. I am short on XRPBTC looking to take some profits along the way Keep it REAL!

Good morning all, Here is my personal opinion on the future of the heavily publicised, machine learning company, Appen. By looking at the trend line across a history of lows it shows that the position we are currently in is quite a major moment. In my opinion 1 of the 2 options below will occur: Option 1: Price bounces back, bottoming at around $11.15 before ...

Please point out the wrongs with this analysis. Arguments of an unforeseeable event are going straight into the trash if they aren't substantiated by anything, like for instance change in sentiment. Argument 1: https://www.tradingview.com/x/8JGA44fe/ Past couple of runs have started with touching the support as highlighted in the image above. Argument 2: ...

I previously called a technical breakdown in INTC following the competition of the ascending triangle. INTC subsequently fell, but has not yet hit its full down-side price target and has rallied a bit. This is a textbook Elliot Wave zigzag correction pattern and for fundamental reasons I see the final leg of the correction about to breakout, once again to the ...

$MDB is a great company and I like the technology (I'm a software developer). Although I think with today's candle closing near the low, a potential gap down is in the books that could trap people that bought yesterday. So there's a potential to make money with puts or shorting the stock if that gap down does occur. Would be a gap and go. For at least a couple ...

NASDAQ: SNE is once again hitting it's resistance line. With the Stock hovering around 52.34. Their is potential for the Sony to break through to a new resistance ceiling. However, I would suggest that the Sony stock may not break through since it hasn't reached this high since 2008. Check it out!

The day after earning I sold 160 strike naked puts for $2.74 credit each. These options have a 30 delta at the time. This is a neutral to bullish strategy. The idea behind this trade is a contrarian play into high implied volatility. The idea being that after such a massive selloff the bears will exhaust soon and we will see a pop in price and volatility will ...

My NQ Cycle analysis lined up perfectly with this move. This rotation should keep the NQ between 7300 and 7400 for most of the next month. There is a chance the NQ could fall further, but I doubt it. Pay attention to my analysis posts and follow me if you like my work. I'll keep you informed of the markets as I see them going forward.

Expect the NQ to rotate near 7400 for a few weeks before mounting enough upside momentum to breakout to the upside. We've already seen a 100% Fibonacci price extension of the previous price rotation. This move will likely prompt a brief price stall (near 3~10+ weeks) before a further attempt at an upside price breakout. Earnings will likely drive a broader ...

The bullish DailyPlay we chose for Tuesday, July 10th is Facebook (FB). FB is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.21% move lower but its 1m/6m trend has turned bullish yesterday while breaking above its $70 resistance level which now becomes support. Facebook's 1m and 6m trends turned bullish on 7/5 and recently ...

Hello friends, as can be seen, the Nasdaq futures bounced perfectly off the 0.382 retrace and are now forming a diamond pattern. It looks like momentum is shifting to the bullish side after recent declines. However, this building attempt to go higher could fail and declines could resume. In either case, breaking the boundaries of the diamond pattern would be a ...

Purely technical , but I decided to short snap cause of the trade location

Alibaba's price dropped in the first hour alongside the market because of the trade fears. I took that as an opportunity as Tmall owned by Alibaba is also participating in the 618 mid year festival. The key difference is that Tmall has extended their sales to the region namely Hong Kong, Taiwan, Singapore and Australia. This means that in addition to China ...

15 June JD.com had risen along side all major technology stocks including the NDXT. The Dow Jones however had dropped and this lead me to believe that people were exiting other categories and entering into technology as a safe haven. This could also be because of the trade wars chatter between US & CN that has lead to people leaving categories that had a reliance ...

https://www.tradingview.com/x/1ZRGqDCe/ WESTERN DIGITAL CORP. starts to accumulate; a change in trend might be expected on the 16.06.2018 Let´s be patient and wait for a key reversal level then, instead of buying on the bullish pattern now; it is too early and it could still become a bat since there is no sign of divergence.