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.
An excellent opportunity to make a quick buck in this scrip.
PDD has a nice breakout today... Falling Wedge Pattern!
BMR - Low Conviction play I got in at $5.91. Here is another company that looks like it could be a monster, and has some very bullish volume, and a nice looking set up. This chart looks ridiculously bullish to me. This pole up was formed in 1 day and the EP candle closed up 371% EP. At the high on the day, it was up 1555% from prior day. I’ve never seen an EP...
Like many commodities, Copper had an extended 5th leg with a blow-off top with very strong momentum before dumping to correct the rally from Feb lows. Coincides with TVC:DXY which needs more upside.
Earning release ahead Can expect upside potential of 20% from here
Not financial advice. NASDAQ:SBUX will see if it gets rejected for a positive bounce at the bottom of the trending channel witch will align with the monthly candle on the first yellow line. if fails to do so next yellow lines will be the targets. Like and subscribe for more ideas. thanks.
Not financial advice NYSE:FSLY trying to reach the lower side of the broadening formation on a weekly time frame. hopefully it can bounce back at the yellow line for a double bottom. but if fails to do so it will print a new price low. Like and subscribe for more ideas. Thanks.
Fundamentals: Tradeweb's industry strength is good. Both its sales and earnings are accelerating, and both are estimated to continue this way until the end of 2024, and both are above 20%. I checked the funds; they are piling in. Technicals: It is now forming a weekly flat base at the all-time-high of 2022. Earnings are due out next week. If earnings are...
no idea what OTC:PNGAY is, but following trend with some other asia plays we like. monthly wicking off support. if we can get a break above 3D rsi, this should really run.
baba might be the setup i'm attracted to the most. showing strength at the decade low. expected this to break the downward trend any time now. looking to the fill the gap up around $84 by eoy.
What an amazing chart... I have wave (1) peaking in December 1999, wave (2) completing a zigzag ABC in March 2009, wave 3 ending in November 2021, wave (4) triple-three ending in November 2022, and wave (5) likely complete in March 2024. Parallel channel connecting waves (1), (2), and (3) provided (along with Fibonacci) strong support for wave (4). MSFT could go...
Hello to all the global traders! We're live with David Russell, TradeStation's Global Head of Markets. He's also the one who publishes the research and analysis from the official TradeStation account on TradingView. Follow them here: www.tradingview.com In today's show, we're discussing the most important charts, interesting trades, and providing education to...
Fundamentals: Workday (WDAY) and Palantir Technologies (PLTR ) are in the same industry, but PLTR is the better growth stock currently. PLTR is a YJ growth stock. WDAY does not meet any parameters in my filters. It is not a super stock. However, it is a healthy growth stock in a good industry. "Sometimes a stock does go up simply because the company is doing...