NFLX is trading on a long term Channel Up on the 1W chart (log scale) since early 2013. Despite being overbought (RSI = 79.335, MACD = 45.450, ADX = 45.358, CCI = 303.3862) with the earning approaching, Netflix has still room to grow before the next selling wave within the Channel takes place. Both the LMACD and RSI are on levels where the price previously posted...
Capital has been flowing into the tech sector since March of 2020. The only well known US tech company that I could find that wasn't hitting all time highs was NASDAQ:DBX . Low price shouldn't be the only reason you buy shares of a company. There needs to be other factors that confirm your contrarian bias. Fundamentally what I know about DropBox, is their...
Even though it's true that TESLA has some upside left. We'll easily retrace back to 800 and I'd guess even more when the dust settles.
We're getting close to the ultimate short. Expecting a blow of top soon as everything starts accelerating. This is just one example of a multitude of overvalued companies. Even though the fundamentals are there these valuations are not justified by any mean.
TWTR was rejected yesterday on the 37.00 Resistance which was the June 8th High. The 1D chart remains bullish (RSI = 63.007, MACD = 0.470, ADX = 33.487), the MACD made a bullish cross and the MA50 is about to cross over the MA200 (Golden Cross). This is a very bullish mix for Twitter and we encourage investors to buy either if the Resistance breaks, or on the next...
In February while the price was still $2,000 we issued a buy recommendation on AMZN to $2,800 - 3,200: In fact we were after the $3,000 target since December 2018 while Amazon was almost half of what it is trading at now: We are at the top of that Target Zone now and the 1W chart is once again showing exhaustion signals. It is not the overbought...
More than 1 year ago we gave a buy recommendation on Tesla when the price was trading at $205 after a a sharp fall: Last January we upgraded our final Target for this cycle to $1,270: Despite the drawback due to the coronovirus lock-down, Tesla reached our long-term target and we've already closed all positions on that stock. We recommend long-term...
The Shooting Star Signal along with selling volumes implies a price reversal. The fact that this formation is on weekly basis, makes it even more likely.
Facebook has a unique sell entry pattern holding since April 2019. As seen on the chart, there is a +1 year trend-line of Higher Highs. Every time FB touches this line, it pulls back to the 1D MA200. Out of the previous 3 occasions, 2 times the 1D MA200 held while 1 time (COVID) it broke. At the moment FB is rising following Friday's strong selling but until it...
💬Apple closed some stores for COVID related reasons in some states, but it also opened stores due to re-openings in other states. That is sort of mixed news for Apple. Meanwhile, the fear in the market over a bearish IMF report and some rising COVID cases is legitimate. Overall, however, there is logic and reason to bet on Apple. Apple just made a string of...
$CRM has just cleared $184.80 handle buy point yesterday. RSI broke the trendline too and the volume was more than average. 12 months Consensus Price Target: $198.50 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge.
Our long term buy signal posted on May 2 was accurate The short term objective of $190 posted on May 3 was also successfully reached A shooting star formed along with large selling volumes today. Price is now heading toward the next support at $180-181.
Negative RSI Divergence indicates a strong bearish signal. RSI is currently at 58, the trend reversal will accelerate once RSI falls below 50.
👨💻 AMD has been making advances in technology, earnings, and pure bullish price action on the whole. Despite some consolidation recently and the chance of more consolidation in the near-term, we still see upside potential for this titan of chips. Support. The S1 bullish S/R flip is a key support level for the bulls. Although rejection at this level could lead...
The breakout occured with large volumes on 7 May followed by a confirmation pullback on 27 May. Those two signals suggest a bullish momentum.
Ranging Channel Between $4 and $5. Negative RSI suggests we are heading toward $4, which would represent an excellent buying point.