Semiconductors have been in a fairly strong uptrend and broke above their parallel channel yesterday, and they could cycle up again later today. However, watch out for the possibility of a breach of the lower trend line, especially if Taiwan Semiconductors earnings are bad tomorrow.
SOXX is on the verge of a major breakdown, much like the one that lead to the melt down in Q4 of last year (followed by a ~20% drop after the trend break). However, we are not there yet because we are resting on support. The main, long term pattern we are looking at is a bearish rising wedge. Within the wedge we also have a symmetrical triangle which was entered...
Infosys dropped sharply after earnings despite a slight earnings and revenue beat and raised revenue guidance. Analyst reactions were mixed, with some raising price targets and others lowering them. The average price target of $12 per share implies 13% upside from the current price. S&P Capital IQ rates the stock undervalued. When a stock moves the wrong direction...
AMD appears to be breaking upward out of its month-long downward-sloping channel. It broke the channel briefly an hour or two ago, then pulled back a bit, then surged back up through the channel top. I'm not sure if we'll pause here or continue upward to 30.29 by market close, but I suspect the latter. Regardless, if an interim trade deal does get signed, AMD will...
Hi Traders! Today we will look a bit unconventionally on the capitalization of altcoins. We know that many beginners also read these articles, so let's first say what capitalization of altcoins is? Altcoins are all coins except Bitcoin. Altcoin capitalization means how much money is allocated in all coins except Bitcoin. The difference between total...
$FVRR Fiverr is an online marketplace for freelance services. Founded in 2010, the company is based in Tel Aviv, Israel, and provides a platform for freelancers to offer services to customers worldwide. Starting to get more attention after bouncing from oversold territory when it hit 52 week lows here a few weeks ago. It's setting up to break 50-Day MA ($21.68)...
Here's how I'm trading SOXL right now. I buy when it gets below the red channel and sell when it gets above the red channel. A breach of either of the blue trend lines would indicate a breakout from the current trading range. So I'm keeping a stop loss just below the lower blue trend line. Today I exited at 170, and my next buy order is at 152.50. I hope to see...
Volume is up over the last 45 days compared to 45 day period prior. The penny stock's news didn't hurt but what will help it go that extra distance "Resonant Inc ( RESN ) enjoyed impressive gains on Wednesday. This came after it announced the agreement of an important deal. Resonant is involved in changing the ways in which radiofrequency front ends are...
Microsoft announced today the release of a new dual-screen phone that runs the Android operating system (as opposed to the old Windows phones, which were limited in terms of what apps you could get). Since the announcement, the stock has bounced to a new support level and broken a downward trend line that it formed over the last few days. It's just recovered from...
MU has a "buy" rating and a positive earnings surprise prediction from Zack's, and buying any semiconductor stock at such an attractive P/E is never a bad bet. (MU's P/E is about 6, vs. the average of about 15.) However, MU is also getting some massive bearish options activity, and in my experience these big options traders usually know what they're doing....
Hi Traders! Last night we witnessed a sharp move on the bitcoin and the whole market . Bitcoin fell by about 15% and altcoins by up to 20 - 30%. So let's do a bitcoin analysis so we know what actually happened and what could that mean? Scenarios: 1. Triangle 2. Channel We have been watching these two scenarios in recent weeks. Although it looked like a...
One of my two mid-term plays right now is ROKU. ROKU has recently plummeted from its high above $175 to a low below $125. This morning it began its rebound on the announcement of a new product launch. ROKU unveiled a new line of streaming players and also launched a new operating system. If you can pick up some ROKU in the $127.70-128.00 range, that's ideal....
Here we can see the stock makes a pennant. We should wait it to cross the upper line and then buy it.
Market moving news Microsoft just approved a 40 billion dollar buyback. They are also raising the dividend by 11%. Technical analysis Reaching all highs on above daily average volume.
Hi Traders! Today we will finally look at LTC / USD. Why now? If you're watching the crypto market actively, you probably know what has been going on for the last 48 hours. The current situation is very favorable for altcoins . Bitcoin stands in place, dominance decreases and altcoins grow. It all started with EOS / USD last week, and in recent hours, ETH / USD,...
After recapturing its 200 day moving average last week on healthy volume, shares of MAXAR TECHNOLOGIES INC. - NYSE:MAXR appear to be nearing a potential break-out into higher ground as we can observe from the Daily chart above. With MAXR now trading above all of its important moving averages 20/50/200 DMA's, the stock finds itself in a healthy technical...
Nasdaq has just crossed above the 1D MA50 on a very bullish technical outlook (RSI = 58.618, MACD = 2.240, Highs/Lows = 131.2143). The index is repeating the 2018 bull trend with the Highs and Lows price drops almost identical. As a result we have calculated the next High to be at 8,300 and this is our medium term target. Note that this comparison has been very...