NVDA (Nvidia) is an exciting stock to be in. Given their processing tech and the ability to branch into many cloud businesses such as gaming, processing, and storage, their technology has become a necessity, and demand consistently exceeds supply. I got into NVIDIA as a long-term growth play when it was trading at $360. The breakout above previous ATH with...
AMD (Advanced Microdevices) has been on a tear, and for many good reasons. Still, note the short-term correction and whether all its current growth potential has already been priced in. AMD gained strong profitability in 2016 and beyond posting strong and accelerating results with the success of its Ryzen processors. AMD's ability to both produce and deliver...
Hello traders and analysts, We are looking at the over extension completed - in which we have previously analysed in private and have been short already from the 1.786 extension. What is Nasdaq showing us right now? A discount price offering in the market - 2 x weekly bearish candles. A break of a steep ray line from March to August highs. Take your Fibonacci...
After some very assertive upward moves, Netflix was setting up to test all time highs and set a monthly high before the market sell-off. Fib levels were useful to some degree but daily, weekly, and monthly resistance may be more reliable indicators shown by the congestion zone highlighted in yellow. Entry above $518 may get caught in the congestion zone, whereas...
TA, - MACD golden -RSI heading up -Demand tail daily rejection of trendline and support -200ema bounce - Lower volume on red days FA, - Long online education. Short legacy universities SL: 17.7 (-7.2%) PT1: 21.1 PT2: 22.3 (+17.3%) This is holding up surprisingly well when the market is correcting.
After the big drop Thursday, this is a quick 3-month performance review of some of the classic names that fit into each of these 3 groups We can see that COVID tech (Tesla, Zoom, Plug Power) sold off, reopening trades (cruise lines, banks) rebounded and in the middle were some tech favourites that fared a little better (Alphabet, Twitter etc)
Nasdaq's bull run was unreal. Out of this world. Irrealistic, many would say. We all knew this was going to happen at some point. Call me delusional, overly optimistic, or even naive. But I am not panicking just yet. We broke through resistance and a pull-back to the new support is a healthy signal. We need the Nasdaq to slow down, we need to put a break to...
Topping up here TA, - Trend line support - 20EMA daily - Ascending triangle - RSI relatively oversold - Short term resistance at 0.6 show by high volume. Good place to take some profits if you intend to. Concerns, - Recent earnings and 50% loss in operating revenue. However, the earnings reaction was neutral which shows strong hands holding this. - If negative...
FA, - Structural headwinds through gig economy, freelancing and 'escape the rat race' theme - 3Y revenue growth 22% - Improving gross margins. 70% - Recent insider purchases - Like shopify, but for talent. Online talent marketplace. -Value? Market cap half of Fiverr with revenue twice as much. TA, - Major trend reversal. Short term moving averages crossing Long...
FA, - Brilliant financial position and poised for growth - Foremost stock with significant subscription revenue model. - Market leader - RS rating 88. EPS rating 99 - ROE:39% - Sales growth 3Y : 23% TA, - Wyckoff Accumulation - If price closes above 470, it's a clear sign of strength(SOS) - Higher highs and higher lows. Supply drying up. - MACD daily golden...
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Most tech stocks have fared exceptionally well during the crash. Some of them were trending sideways for years or in a long term downtrend for many quarters. Covid was the catalyst that reversed their downtrend and proved their existence to the broader market. The uptrend is almost confirmed. Need to wick past the $100 level for full confirmation. I'll be...
Very Curious to see how this plays out. Not sure if bullish or bearish so i'll sit this one out until it makes some more sense. It Does seem to have a strong support but the resistance isn't rising. On the other hand it is tapping the bottom of the bollinger band. Just want to document this as reference for similar scenarios in the future. If you come across...
FA, - Revenue up 87% YOY - DBNRR(net retention rate) above 30% - 63% of customers using 2 or more products - Customers with ARR of $100k+ grew +89% YOY. - Guidance of 62% revenue growth this quarter and 54% a full year. - Gross margin>70% - Rule of 40 fulfilled. 80% revenue growth- 4% EBIT margin = 76%. - Good financial health - Covid tailwinds TA, - The red...
I'm just going on instinct. I haven't had a red month in 2020. I even am winning on my wheat short when I have no idea what I'm doing. Why be careful? I have limited risk and I'm not using stupid size I'm not an idiot, but since I keep winning, might as well go machine gun and buy or sell anything I fancy. Some people will talk about "significant levels" "oh no...
Powerful out performance in China tech unlikely to be undone by new Trump executive order
The channel gives a well indication for the uptrend. It seems the start of bear trend is around the corner if not already has started.
BABA is currently consolidating on the 1D chart (RSI = 59.048, MACD = 6.230, ADX = 19.815) but the important news of the month is that it broke in July two very bullish long-term patterns (the blue Channel Up and the dashed Higher Highs trend-line since Jan 2018) to the upside. This resembles the expansion phase that Alibaba had is 2017. If an identical +140%...