I have following newegg for quiet a few years now. Tehcnicly it is possible we have either bottomed, OR will bottom in the very near future. From an elliott wave perspective I have 2 scenarios, where scenario one assumes we have already bottomed in the consolidation zone down around 1 USD. (Even if we have not bottomed, we gonna get a bigger ABC-or WXY...
NEGG here, 3-day chart showing tweezer volume, look to accumulate in and around $1.00. Three potential targets labeled.
Holiday season is finally underway and shoppers are already waiting to capitalize on Black Friday and Cyber Monday deals. This is great news for all retailers including Newegg Commerce, Inc. (NASDAQ: NEGG). The e-commerce retailer specializing in electronics has been struggling lately due to the weakness of the PC market resulting from weak demand, excess supply,...
Have been following the short cycle on NEGG for a while. Its just about that time yet again. Seeing some early activity. Can it get back above $1?
It's finally here. The Weekly RSI has been trending up since December. We have now formed a double bottom (almost) with that December low. A glaring hidden bullish divergence. RSI is below Its moving average. Get in now or you will most likely miss the first pump, which should be significant. Good luck
We have identified a zone of support and resistance on New Egg (NEGG), an e-commerce platform we visit when building computers. According to Nick Shawn, a popular trader on YouTube, support and resistance zones are merely a location that is convenient for setting up a risk vs reward structure. Since there is no guarantee. Price could go either way. Zones help him...
Only 5% of shares are floating. Only 20 million shares. Seems crazy that It could pull a 15x, but that line has come in to play numerous times and those crazy increases happened because this stock has such an incredibly low float. Might take a few months, I really have no idea, but I'm putting my money on the chance that it will.
NASDAQ:NEGG looks to be basing. Well one might say if it goes down any further, its zero. But there is a bullish divergence on the Weekly MACD and Monthly MACD is about to do a bullish cross. $2.60 to $4 would be a hard resistance. With a short interest of 12%, it will take ~7 days to cover. It saw a bit of short squeeze action last week. Its an unpredictable...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 1.16/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
- Negg is an interesting stock with the potential of great returns in the future - Right now it seems prime to have a small run, depending on the overall market situation
Home and office electronics e-tailer Newegg Commerce sells computers, parts, accessories, home video/audio, phones, wearables, digital cameras, gaming consoles and titles, smart home entertainment products, office supplies, software, digital downloads, auto, motorcycle, marine and aviation electronics, parts, tools and equipment, home improvement tools and...
NEGG I have to say this was a surprise finding this at this price. I always see my dad who is old school radio shack kind of PC guy, on this app and geeking out over their sales and products. So to see it this low grabbed my attention. Some things I saw that were interesting is the Volume is 7x over its daily avg. The float is amazingly low at 12.21 mil. So...
In relation to my other idea. This shows there could be some upward momentum on NEGG in the coming weeks before another large chunk of short sale volume enters the market. I have entered into a small position trade here. Will add more if it looks like this idea plays out.
NEGG is currently at $1.65 or a 600 mil market cap. To be fair, with the amount of competition out there selling computer parts and NewEgg's fall from grace with people like Steve from Gaming Nexus calling them out on cheap-o practices when it comes to their customer return policies about items that were already damaged before the customer accepted, it's a not...
NEGG may possibly behave in such way, it is a possible path of execution.
NEGG possible upside in place, let' see how it pans out
sitting above trend support/important pivot area, I am bullish as long as these hold. above 9.31 we can target 12.29,15.37, below 6.56 we can target 4.58