ChrisPtaco_32

ChrisPtaco_32

Marvell really shifted their focus over the last couple of years. They are and will continue to be a large player in the autonomous driving market and 5G infrastructure. Both of these are long-term growth opportunities, not to mention they have cash for other acquisitions and for research & development. I am hoping for a pullback around $29.00 to go long. That...

ChrisPtaco_32

Potentially a double top on the weekly chart for Microsoft. Would have to break the lower trendline to confirm but that could be a very bearish scenario. Booked half my profits and I will wait to see how the coronavirus data is in the following weeks. Be careful everyone!

ChrisPtaco_32

It looks like this thing just popped. There's a clear island that just formed that looks extremely bearish to me. This looks like the finale to a massive head and shoulders pattern that tanked the stock. I'm looking for it to hit that long term trendline before I would even think about putting my money into the 2nd biggest defense contractor. Very sad actually...

ChrisPtaco_32

Although, I don't order off of Chewy frequently, I have in the past (especially for toys and stuff because they are so reasonably priced). They are owned by PetSmart and PetSmart will honor Chewy prices in the store (they won't honor amazons, go figure). I think buying Chewy was a super smart investment for PetSmart and although they paid a hefty price, they...

ChrisPtaco_32

It looks like after the Feds announcements yesterday, people are dumping some of their overvalued holdings. The stay-at-home economy stocks continue to rise or are staying strong. It looks like we came close to meeting resistance at the 3259 level and have retraced. RSI showing overbought signals and the MACD looks like it could cross over any minute. Not to...

ChrisPtaco_32

I do think CRSPR is a long term buy, I just can't trust anything in this market. I am going to try to book profits around $68 and look to buy back around $22. I could be making a mistake but you gotta take those profits when you see them. Please don't take this as financial advice. Trade Wisely!

ChrisPtaco_32

I am very bullish on DexCom mainly because they offer a system for Diabetes patients that is unbeatable right now (and I haven't seen Diabetes rates go down, rather the opposite). It looks like the MACD is rounding back out for a crossover and the RSI is becoming oversold on the daily chart. I'll be watching very closely and hopefully start to see a reversal...

ChrisPtaco_32

I bought JNJ at $125 mainly because it seemed like it would have a strong bounce back considering the reason why the market crashed in the first place. Looking at the broader market, this may be a consolidation period. Although, we have a lot of sell signals right now. 1. 10/21 EMA sell signal 2. Weak Buying Power 3. Double Top? Would only confirm if it breaks...

ChrisPtaco_32

Alright, so I had my girlfriend yell at me today for selling "too early". We took a modest 15% gain from Boeing initially and I sold it off because I was shitting my pants. Well, in the last few days it has skyrocketed and it looks to go a little higher where I would expect retracement around the .618 level of $253. Am I mad I sold off early? Absolutely not!!!...

ChrisPtaco_32

We got another nice large green candle today and a close above $188! One more nice large green candle and close above $190 and it looks this was a consolidation period. Do not get too excited YET! Still very bearish and I am preserving cash. Not being too aggressive and being patient. You can try to predict the future, but nobody knows what the future holds. Good luck!

ChrisPtaco_32

It looks like square broke through two key levels of resistance and it is now holding as support. I think it will test all-time highs around $100 before retreating. Looks like a 16% upside from here.

ChrisPtaco_32

I have been skeptical about Tesla for years now but I have to say, it checks off a lot of boxes for me. 1. Electric Vehicles/Battery Technology 2. Autonomous Driving 3. Solar Technology 4. SpaceX Sister Company 5. Tesla Semi 6. And above all else, it is an American auto manufacturer about to take over CHINA! That makes me super excited. Massive potential. As...

ChrisPtaco_32

I have been asking a lot of small businesses lately who they use for their website and I get an alarming amount of them saying Shopify. I use WIX for my personal website, so I am not familiar with SHOP interface but from what I hear, it is really nice. With that said, I hope nobody is buying this stock right now with it up 142% in 79 days. Holy BaJesus. It looks...

ChrisPtaco_32

I am a HUGE fan of Alphabet for many reasons: 1. Consistent EPS growth year over year. 2. Artificial Intelligence, Cloud Computing, Autonomous Driving, Drone Delivery Technology,YouTube, etc. are some of the amazing investments this company has made. 3. Strong balance sheet for future investments. I would like it pull back a little bit before going long. Heavy...

ChrisPtaco_32

Microsoft is up 43% over 77 days but has pretty much traded sideways for about 54 days being up only 6%. There is clear resistance at the $188.00 level. Everything is telling me that this was a consolidation period and we will break new highs potentially next week. I am looking for some nice large green candlesticks that break through all time highs. We had a...

ChrisPtaco_32

I use Zoom a lot. Pretty much everyone I know that has been working at home also uses it. Super easy interface, very easy to connect and create a video chat. I love the software, but the valuation right now is absurd. Has not had a sell trigger on the 10/21 for 150 days and is up 239%. WOWSERS! My biggest gripe about Zoom is that larger competitors like...

ChrisPtaco_32

The only entertainment stock I am looking at right now is Activision/Blizzard for several reasons. 1. Took more of a corrective hit during the March lows with a 20% loss and it didn't even touch its long-term trendline low. I think that shows some strength and resilience compared to lets say Disney that took a 50% correction! 2. A win for the stay-at-home...

ChrisPtaco_32

I took a look at Disney because I figured there may be a good short opportunity considering the circumstances. It looks somewhat bullish to me but going into overbought territory. I would expect a pullback to the bottom trend line. Watch for the pullback and re-evaluate then. Incredible considering they have been shut down for 3 months. I am not sure if I would...