The Shopify stock is currently wandering off to a shopping spree in the South and could get dangerously close to the alternative scenario, if it crosses the support line at $32.35. This would implicate further downward pulses until the turquoise wave alt. B hits its low. Primarily, we expect the course to get back in the saddle to exceed the resistance line at...
ZS has been forming a bearish flag since May and is ready to break down very aggressively. Open a small position now, if the weekly candle closes breaking through the flag add more the next week. SP around 175.
For various reasons, the Chinese tech giant Alibaba has been in a downtrend since October 2020. The company has had many headwinds, most of them related to the regulatory environment in China. Most of those issues now seem to be resolving, and I think BABA will be one of the better performers in the coming year.
The China Credit Impulse
A major leading...
Despite the recent outage, Microsoft is fighting its way back to the top and should exceed the resistance line at $265.00 soon to continue its upwards slope. Our alternative scenario with a probability of 40% implies that the stock could tire and drop below the support line at $212.25, instead of rising to the top. In this case, the course would sink into the grey...
Mustek has formed a W Formation and had broken up and out of the neckline
7>21 (Bullish) and Price >200 SMA (Green)
RSI>50 and plodding nicely up (Green)
Bullish momentum
Target R19.09
GENERAL COMPANY INFO
Mustek operates in the technology and electronics sector and is one of the largest distributors of IT products in South Africa.
The company's product...
2023 = Recovery Year For Tech Stock ( Come Watch How This Recovery Being Explained )
Nas100 - Highest Rst 16590 Supp 10674
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Frontkn - Rst 3.3 & 3.47 Supp 2.95
Is just a matter of time to have this big rounding bottom to be complete. Let's see
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Sunview - Rst 0.645 Supp 0.515
Very likely a repeating pattern here. Base on the movement, it will retest 0.645 level again.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Technology - Rst 67.4 Supp 63 area
Same goes to our klse tech chart. If nas100 were to rise & shine, entire market technology sector will follow. Very soon we able to see 67.4 break to go next level.
My 2023 Pick For KLSE Tech Counter as below
Frontkn
Greatec
Penta
KGB
QES
Nas100 - Rst 12180 Supp 10674
During a year period of downtrend, we notice that 10674 is the only area being strongly supported with trip bottom pattern. If this area does not broke, i do believe market wave will continue to move towards a big rounding bottom back to highest rst 16590 area.
The risk to fail this recovery pattern will be the rise of CPI data....
Oracle is moving dangerously close to the resistance line at $85.58, which would activate our alternative scenario. In that case, the stock would rise further into the green target zone between $85.45 and $92.50 to finish off the grey wave alt.I before sinking back into a correction. Primarily, we expect the course to drop into the green target zone between $72.66...
Netflix - Most of the US tech counter out there, this chart still solid for the time being. If US Nasdaq trigger its rebound, this might follow to try for a 2nd attempt resistance 332 area.
Nasdaq Weekly Volatility Analysis 19-23 Dec 2022
We can see that currently the implied volatility for this week is around 3.87%, DOWN from 4.12% from last week
With this in mind, currently from ATR point of view we are located in the 82th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to...
You better not be afraid of heights, since Intuit is dropping rapidly and we're expecting the course to sink all the way below the $339.36-mark to finish the green wave ideally around the $303.29-mark, before turning the trend back up. In case the stock refuses to sink into a correction and crosses the resistance line at $441.98, our alternative scenario will...
QES - We can see red chip started to react these few days as QR yet to be announce. So is clear that price had been factor in before the release which i assume will be continue once global rally start to move.
A strong support being form at 0.4 area along with a double bottom pattern. 0.49 can be an immediate support & movement will retest 0.59 towards 0.66 area.
Several tech & healthcare sector stocks making an early bullish run such as AMD, KLA and DXCM after a dovish Federal Reserve comments on slowing down interest rates hike. However, Fed mentioned interest rates may floating around the 5% level until they see interest rates remain low within the next quarter.
