4/23/24 - $vrockstar - a short on multiples and industry factors - but i'm just not shorting single names on short amt of work. defn not a buy and if pops on mediocre results consider shorting in cash account
NASDAQ:STX is showing signs of weakness with a Head and Shoulder pattern. The RSI is also pointing down showing weakness too. NASDAQ:SMCI already is plunging today after holding onto its support zone and had a Head and Shoulder pattern. Follow me on X account JLTrades@VWAPP88
Seagate Technology Holdings Plc, known for its expertise in designing and manufacturing data storage devices, has recently received the attention of Morgan Stanley analysts and is earning a positive outlook. This endorsement comes amid expectations of the company reaching new price highs and making significant advancements in data storage technology.
Morgan...
Uptrend
Although it was a weak pullback, I can consider it as a good buying opportunity by target as about 117 and setting a good place for SL at about 95.
This Week FORECAST
Opportunity for STX. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Seagate Technology rallied in late 2023 and consolidated last month. Now some traders may see potential for the data-storage company to continue higher.
First consider some longer-term patterns. STX broke out to a new 52-week high in mid-November and peaked at $79.42 later that month. Prices continued upward in December and in January pulled back to hold the same...
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
As the entire market is since months in a consolidation phase, I wouldn't expect any wonders for STX.
But STX is on the long term in a good run with an upwards support zone around $57.
Two TP zone areas are possible depending on your time horizon
TP1: $77
TP2: old ATH at $110-$115
These 4 are my top Long ideas for today into the future until the price stays above the Green TrapZone.
The picks are based on momentum, volume and price action.
STX rise that began in late Dec last year was disrupted as it went into a multi-month cup consolidation from February. Last week, it finally broke above the neckline of this CUP @ 71.50 on strong volume.
A number of technical signals are now going right for STX and it appears a trend continuation is underway:
1. its 200 day moving average is now subtly curving...
With new twist, this upcoming earnings will make this a name to come back to. Time will tell but a good size move up (marked) is in the store if you ask me. Do your own study.
gl
On 12/21/22 I did a Bull Call Spread on BA 195/200 at a Debit $1.90. This AM I closed at CR $5.05. May go back in Monday we shall see. Have a good weekend.
The PEAD projected a Bullish outlook for $STX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
If you are looking to get into the short game this late into the cycle, look no further than the computer hard drive (HDD) sector. According to TOM's Hardware, HDD sales are down over 30% over last year due to poor PC sales. You can get a terabyte HDD on Amazon for about $40 bucks USD - incredible. Haven't research company specifics, but I'm sure margins are...
