I shares have been destroyed, but Feds are now saying they will push some cash at the company after taking it spectrum for 5G. The stock has crashed to RSI under 20 print and just testing massive weekly chart support for a possible bounce setup.
GOOG is primed. With MSFT, AAPL, TSLA, and AMZN all blowing out Q4 reports and launching the stocks higher, GOOG reports on Monday, and one might expect an anticipatory 'piling-in' process in front of the report by traders expecting GOOG to follow suit. The Ichimoku Cloud is showing a big green signal on trend as well.
BYND is a stock we called as a short on 01/22 at $122. Shares have fallen about 7% since then. We still trust this setup. But traders may want to bank at least some of these gains given the continued high short interest sitting in the stock. You can bet that's even higher after QSR dumped the faux meat from its menu.
FB has a strong band of price-level support in the 203-204 area and the 50-day MA around 207.35. Don't be surprised to see this open at the first zone and close above the MA on Thursday.
SURG is back in the bullish setup zone that has worked perfectly already three times in the past 5 months. And the fundamentals are on board with this view in a big way: • Recent acquisition to add 9,800 stores to Surge Network, push Revenues to $68M annualized pace, which is 4,600% topline growth over prior 24 months • Made Deloitte’s exclusive “Technology...
NVAX The "inevitability bell" may be starting to ring on this one. We called it short a few days ago -- and 7% higher. And now we may be seeing this start to play along. If short with us here, stops should be set in place in the $8.75 area to fence off the unbounded squeeze risk.
SBUX out with earnings after the close... company hit hard by Wuhan Flu with a bunch of stores shutting down. But we are in a raging bull market and this pullback is likely some form of buying opp. The earnings pullback will hit the 200-day MA in the $86.50 area. Maybe a bit of an overshoot here, but it gets juicy after that.
RXMD has the big breakout lined up well at this point, with accumulation/distribution indicator rising through a basing process that displays a clear shift in trend from down to up, further confirmed by Ichimoku Cloud signal. This is percolating, with the key line to set off the fireworks at $0.07. Once it gets there, you won't be able to catch up to it. Smart...
JBLU bucking airline weakness with major base breakout from a 'sort-of' cup-w-handle pattern, as ichiroku cloud signals "buy the dip".
COINBASE:BTCUSD is back on the move. With this latest higher-high in place as of today, BTC has now confirmed the breakout above the prior downward trend line resistance that has defined its lateral correction over the past 6 months. This is likely being helped along by the tight grip of fear now in hand across markets as coronavirus fears drive flows.
ASHR ETF provides a good vehicle for trading and tracking the Shanghai stock market as China suffers through the coronavirus during its New Year market holiday.
CCL has a constructive longer-term pattern in play into this headline-driven drop. A vaccine may not be far off for Wuhan Coronavirus. Keep this one on the radar.
AMRN At the end of the day, this is a massive lateral consolidation in a breakout bullish trend. There are plenty of scenarios here that could lead to a takeout offer well above current levels given Vascepa's potential. Defined risk; undefined upside.
TSLA reports this coming Wednesday (1/29) after market close. And there has to be a sense of "priced to absolute perfection" coming in at this point. Some profit-taking ahead of the report is awfully plausible. Don't look now, but we suddenly have a bearish descending triangle in place in TSLA after a ridunkulous run in the stock over the past 3 months. How...
NVAX NVAX breaking out as a notable "Wuhan Coronavirus" play after company hit the wires with dev plan for vaccine candidate. But the company has a history of under-delivering in key moments. This is a momo headline play, but after the fever breaks, so will the stock.
BABA has broken out, as expected. Now it's time to ring the register on at least half of the position. Our thesis was a combination of technical analysis and political game theory. BABA had been dropping monster growth numbers. But the US-China trade tension situation was at its worst. Our sense was that the White House would start to actively signal a...
BYND BYND bounces up to key resistance as Ichimoku Cloud says traders should fade the action. There's a ton of hype here... we're inclined to trust the cloud on this one.
GLD The gold market has been in trending mode, with central banks, geopolitics, and even biology helping to foment the action. While CFTC data shows something resembling a crowded long trade in place, gold can continue higher under such conditions, just as it did in 2010, when CFTC data showed an all-time high in speculative long positioning BEFORE the big...