AMZN posted a Golden Cross formation on 1D (MA50 crosses over the MA200) yesterday following an impressive EPS. Technically this is a heavy bullish signal. It is productive to look at how this pattern traded in the past. Since the 2008 Sub-prime mortgage crisis this pattern has been printed another 5 times: * In 2016 it emerged shortly after a Death Cross (the...
Tons of Insider Buys from May, 21st to June 11th last year $10,742,000 worth of shares bought, tells me something that was in the making that could potentially take a year to resolve or complete is possibly coming up. Only thing that has me puzzled is the immense PPS drop recently. seekingalpha.com 2018 Full Year Revenues: $647,000,000 4.5% Increase Year over...
IBM is completing an intermediate-term bottom with a breakout from a consolidation, rising above the bottom resistance level and prior sideways action before the downtrend last summer. The stock has rising volume which is a positive sign for this run ahead of the earnings report in 2 weeks.
Biogen has lost over 30% of its value this month. Looking at the monthly chart, we have concluded that this is a rare investment opportunity as the current price is just above its 1M Support Zone. Historically we see that such an aggressive sell off recently took place in 2015 - 2016 and again the stock managed to recover almost reaching the 390 Resistance...
Since my first Amazon analysis, we rallied higher towards a potential double top target, but we met resistance pretty quickly and have begun to drop. There's no need to panic yet, because it seems like the uptrend from 2015 is still intact (in orange). However, if that fails, we may have to head all the way down to our long term log support (in purple), especially...
Upon Friday close, there is now a standoff between bulls and bears. Pro: - Revert to dovish monetary policy - Lack of alternative assets to be invested in - Share buybacks are still propping up the market - Trend is very strong - Stock market manipulation is supported by banks and governments by any means. Neutral: - Institutional investors have shied away...
If this loss of steam continues there could be trouble. Have a look. Recorded from laptop, so turn up volume to max.
Just a brief analysis. There is a possibility that the market will rally higher and that we will see a blow off top, but the DJI has found pretty substantial resistance again above 26000 so we may be about to see the true initial drop of an incoming recession. The December drop was merely the start, and subsequent rally was constructed so that people have another...
RIOT made a big move up with good volume and then started to retrace. I'm looking for a 50% retrace to 3.06 or 61.8% to 2.82, both of which line up with previous support/resistance levels. 2.50 is also in the cards with possible support from the 26 and 50 EMAs. A bounce from any of these levels should send us back toward the 4.00 range. Breaking that level means...
LOW RISK, HIGH REWARD. Although there many be many negative articles surrounding these main stream micro chip stocks, we can see huge upside comparable to risk in these names. See chart for trade configuration Sept 2019 forward buy and hold... *********
The trend looks very bullish clearing and holding above the 6845 level that I covered in my YouTube Video here: youtu.be . The 18 day sma is above the 50 day sma, signaling the trend is up. I'm expecting a push towards the 7000 level (2/3 back from the ATH and reversal from the sell off) this week as long as we hold the 6775-6800 area. Might overshoot to the 200...
Looking back in history bad things happened whenever 100 EMA crosses down through the 200 EMA. Major correction is likely gonna be ahead. During the century such a situation was observed 21 times, and in 20 cases it triggered a big sell-off. The reversal may likely happen below the 200 EMA, but compared to the situation in 2015 price could also continue to rally...
This will be a quick analysis. I did a much larger analysis of where I think the economy is going in my Dow Jones post (link at bottom). This is just an idea to illustrate the tech bubble and why we could have some pretty severe downside if this materializes. This is NOT the log chart, but Google hasn't been around that long, so it's not really necessary to use....
I'm doing this main chart using the log scale because it makes it so obvious that growth is slowing down. We just got rejected hard off the resistance that has held us since the 80's! We're also in a giant rising wedge, and are JUST touching the bottom of it right at this very moment (actually, I'm being generous with my line. In truth, we've broken down already)....
If you read my DJI analysis, you'll know that I am bearish on the stock market right now, but particularly tech stocks. I've been bearish since AAPL was trading at $230 and as soon as it hit the $1 Trillion market cap. There's just not enough However, the market is still showing signs that buyers haven't given up, and the majority still seems to be bullish, at...
I am a big believer in big tech and it's disruption over the long term, but the recent action in the stock market has made me take a step back and study how the QQQ index has performed over the longer term. I have plotted the chart dating back to the 2009 bottom and there seems to be a clear uptrend since then. We checked back to that uptrend line a few times and...
Nice trend channel to the downside that supports the bearish sentiment. Next stop is the 200 EMA support zone.