Trade ideas
To much drama for demand NAND stocksI think time on our side and all semi and memory stock will pullback.
SEAGATE STX Expected to continue Bullish - UpTRent till 70.00 Expected to Continue Bullish Trend
Till 62.86 .. Observe the price pattern
At this level If it could cross this level successfuly
It will easily reach @ 70.00 level
SEAGATE TOO MANY SIGNALS FOR REVERSAL! I'm extremely confident seagate will be making a reversal as well as it is as all kinds of resistance.
STX is going to $69$STX looks like it's broken major resistance and is sporting a dividend of 4.48%. It will have no trouble getting to 62.76. When it breaks 62.76 it will be clear sailing to 69. That's around a 24% gain from 56.05.
Technology stocks for 2018 #18 (STX)Sector: Technology
Industry: Data Storage Devices
(Blue line) is support
(Red line) is resistance
(Red circle) a big weekly Gap
Note Weekly Gap is not filled, that show me how bullish is the price
Some Long lower shadows testing the new support level 46.60 (Blue line)
I see intentions of the price of going for the main resitance level around 62.60 based in the breakaway gaps,
A breakaway gap is an important event because it almost always marks the start of a new trend.
All ideas that I shared in this series of publications called "Technology stocks for 2018" are trend following mode.
This idea need several weeks more to mature
Tech stock are green STXThe tech stocks do well. The Trade ist out of an retracement. Inital Stopp should be the old low. Target the old high.
Seagate Technologies Breakout on Crypto NewsSeagate Technology plc (STX) provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company manufactures and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. The company started an explosive move higher on a report that they were early investors in Ripple, the cryptocurrency attempting to revolutionize the way financial institutes move money. The stake would reportedly have been worth roughly $8 billion at the time of the news vs. a $12 billion market cap for Seagate. This all lead to a breakout to all time highs for the stock as seen in the chart.
Coiled at end of Triangle with Bullish Stochastic DivergenceThere is divergence playing out on the daily, there is new divergence on the hourly, it is coming out of a downward channel and is currently coiling in a triangle pattern that is looking bullish. Looking for a move to the 200ma.
Buy: 33.50 - 34.00
Stop: 32.30
Target: 38.37 - 43.18
Seagate (STX). UpTrend was broken. Wait end of consolidationGood to sell when the price would end the consolidation (yellow ellipse) and drop below the previous low (41.20).
Move stop then lower above the top of projected consolidation.
Target is above the previous low (18.75).
STX - Swing long at $41-42 Level- STX has pulled back after a breakout earnings report and completion of Measured Move target at $49.70. The Measured Move completion corresponded to the test and failure of the weekly 200sma.
- During the upward move, prices trended strongly and respected the 34EMA Wave during pullbacks/consolidation.
- I am waiting for prices to fill the earnings gap and complete the 2 leg down pattern after the measured move. A fill in the $41 - $42 area would be great.
- Negatives for this trades include the sub-200sma price action and possible unknown retracement level after the Measured Move completion.
