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...
Gaming pioneer and visionary Razer announced its newly-equipped version of the Razer Blade Stealth ‘ultrabook’ for 2019. On Wednesday, the maker of powerful gaming laptops unveiled the latest iteration of the machine in a tweet. According to Razer, the Blade Stealth 13 is the world’s first “GTX Graphic Ultrabook. On its website, Razer claims that the new device...
Hi Traders! Today we look again at bitcoin. On September 23, 2019 BAKKT institutional trading will be launched and bitcoin is waiting for more significant movement. We are currently tracking 2 main and priority scenarios: BULLISH SCENARIO All summer we are in one huge triangle and before launching BAKKT the price grow up . Why could it be a triangle?...
Contrary to what has be touted in the last 10 years, not every dip is a buying opportunity. Do NOT fall for this concept, especially in today's geopolitically tense landscape. -- With the latest round of China-USA escalation where now the "talk and bluster" has inevitably turned from a trade-spat into an utmost full-blown trade war, Apple will get decimated...
MSFT is one of the only tech stocks that has made a significant higher high since the December 2018 selloff. I posted a short trade setup back then, suggesting that it would be unwise to short until the recent low was breached. Indeed, MSFT defied my original expectations and headed up, even breaking new highs. Due to this, it is one of the assets that is furthest...
Xunlei Ltd. is a holding company, which engages in the research and development of new technologies. It provides Internet platform for digital media content and cloud based technology in China. It offers two core products and services include Xunlei Accelerator and Cloud Acceleration Subscription Services. The company was founded by Sheng Long Zou and Hao Cheng in...