Reasons for bullish bias: - Price gave resistance breakout - XABCD pattern - Bullish divergence - Positive Earnings Here are the recommended trading levels: Entry Level(CMP): 167.48 Stop Loss Level: 143.85 Take Profit Level 1: 176.88 Take Profit Level 2: 191.45 Take Profit Level 3: Open
5/2/24 - vrockstar - hard to not opine here. valuation is v reasonable compared to the TNX and other big liquid tech considering play on AI integration (tools), VR/AR (even if it's small doesn't matter at all... rn - it's relevant for longevity of growth), services will continue to grow in the mix. lots you can do here. they have so much cash they can only do one...
5/2/24 - vrockstar - tough setup b/c the trends look mediocre at best (esp recent ones). long term compounder w/ awesome moat growth at 4x revenue and 2y fwd PE in the high 20s isn't "expensive" for this type of 30-40% cagr. however, any miss/ investment issues here will dramatically reset the # and the multiple... i'm definitely biased long here but would rather...
5/2/24 - vrockstar - seems a bit rich at 8x sales for sub 10% growth. cash machine, won't have the "guide" problem (well as much as more obvious candidates per the product niche/ security cyber). that being said, high 30s PE just buys you a better aapl, msft, slightly more obvious see-through risk. i'd look to short an outsized pop here to the range highs of mid...
this is the bull scenario, we would likely have a massive reversal
5/2/24 - vrockstar - one of these awkward fundamental setups in a bid tape b/c it seems like outside a massive beat you won't see any sustained rip and follow thru here and instead 2Q guide is likely all else equal to reflect others so far reported (too many to even number). stock seems to have not believed this which is cool - i haven't really dug in yet on the...
I've identified what I think are key support/resistance levels for Etsy. Should supports break, I've indicated where prices could go next/lower.
You are viewing INTC on a log chart. simple and clean. Downside limit is $29. it is likely we bounce sideways until July/August before liftoff. now is a good time to start DCAing. My plan is to buy 25% of my total investment every 2 weeks from now.
5/2/24 - vrockstar - like the setup long here into print. 1) trends probably a 50/50 but 2) not a "discretionary" seller but more a platform for discretionary choice which is an interesting product in this environment esp wrt speech about 2H etc. 2) not really a burner much at all, and beyond healthy cash balance so no dilution/ raise/ sustainability q's about the...
Reasons Why Apple’s Fiscal 2024 First Quarter Results: Apple reported its financial results for the first quarter of fiscal year 2024, which ended on December 30, 2023. Here are the key highlights: Revenue: The company posted quarterly revenue of $119.6 billion, representing a 2 percent year-over-year increase. Earnings Per Share (EPS): Quarterly earnings per...
Qualcomm is right at a break point of resistance or break through so this is a great place to look at geometry around it's formation. For my work i really enjoy the patterns that seem to recognize radial arrays.
UAL probably will continue its bull run with this Bullish Flag continuation pattern formation.
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Fastly ( NYSE:FSLY ) shares plummeted 35% on Thursday after the company lowered its 2024 revenue outlook due to pricing pressure for its top customers. The company reported first-quarter revenue and earnings slightly above consensus estimates, but shares plunged on management's outlook. Bank of America downgraded the stock to underperform from buy, questioning a...
In a first attempt to overcome the prevailing since October uptrend and to turn it around or achieve a major downward correction at least we have failed in April. Today some American players used the absence of the most other markets due to Labour Day to try it again. Nevertheless it became a dramatic fight against the bulls and the bears could not manage to...
Macro Analysis for Carvana (CVNA) Projection: Based on a comprehensive analysis of pattern and cycle analysis, I anticipate a significant retracement in Carvana's stock price over the next 6 months. This retracement is projected to amount to approximately -50% from its current valuation. Technical Analysis: Technical indicators corroborate the assessment of...
I love Michael Burry. He has some amazing calls and I'm always curious to see what he is up to, but obviously we're all human and make mistakes. His company Scion Asset Management started buying in the last quarter of last year as we're going into a 5th wave breakout. We have met three different objectives for a 5th wave target including divergence on the monthly...
A good time to short sell MSFT as I see a bearish flag continuation pattern forming on the 4H time frame.