InvestEmi

InvestEmi

Hey all, In purely technical terms, Spotify is preparing for an inverse H&S breakout back to ATHs. Earnings tomorrow morning could be the catalyst for this breakout. Fundamentally however, I'm slightly torn on the prospects of a beat and raise, as I doubt the fact that they will have kept up revenue growth to levels that will justify current Market Cap....

InvestEmi

Hey all, on a technical standpoint only, JD.com should be trading sideways or red for the next few weeks. The 2020 uptrend was broken in early 2021, price is now beneath ALL MAs, and RSI has been stuck in a downwards channel for a while. The correction may be losing steam as we see from falling volume, but with China relations headwinds on the horizon for a...

InvestEmi

Hey all, After a steep pullback, Ocado is sporting what could be a bear flag on all time frames. I chose to illustrate the weekly in order to show my downside target, which is a reversion to the long-term uptrend. This stock enjoyed a very strong rally to the upside with Stay-at-home tailwinds in early 2020, but RSI has been in a downtrend pretty much since May...

InvestEmi

Hey all, DADA is looking very hard to interpret at the moment. On the positive side: - Very evident lower support at 24.45$ - RSI is giving us bullish signals On the negative: - MAs are coming down hard to provide resistance - Previous support at 29$ will probably provide Overhead supply Not sure how to play this one, will be watching to swing the upside if we...

InvestEmi

Hi all, Drone Delivery Canada Corporation is looking to break out of a long-term rising wedge after a sharp pullback. Positives: - Uptrend still intact - Potential rising wedge breakout - MACD looking to crossover to bullish - RSI has improved Look out for: 1. A close above the wedge 2. A close above the 20-day MA 3. MACD to continue bullish crossover 4. Volume...

InvestEmi

Hey all, GRMN Weekly and Daily charts looking extremely healthy for long term accumulation. No reason not to buy any kind of dip in this name and watch it grow. Still relatively fairly valued in my opinion. Any thoughts? (*This is not financial advice, for sake of discussion and illustrative purposes only*)

InvestEmi

Hi all, Technically, Farfetch is really not looking good. It has been stuck in a step-down channel, with not much downside support. I think it will really need some good news to push it above the MAs, which have provided resistance over the past couple months. Really stuck in this one, but I like the long term prospects, so for all longs, I would look to buy a...

InvestEmi

Hey all, Nokia has been trading within a trap zone between it's 20- and 50-day MAs on a weekly time frame. This can be considered an accumulation zone, that has stretched since March to date. The idea is that the stock seems to have found a historical bottom around March 2020, has been on a consistent uptrend since then (taking away the reddit-driven rally), MAs...

InvestEmi

Hey all The idea is that FUBO has created a deep range of bag holders around the 27 - 28$ mark, which will probably provide for strong resistance in the days to come. I would like to see the name retest a double bottom around 20$ before taking a long position. Any thoughts? Good luck to all! (*This is not financial advice, for sake of discussion and...

InvestEmi

ACN has been giving us text book price action recently. Over the past couple months we have seen price consolidate in an ascending triangle / pennant formation. Breakout on the 11th March gave the stock momentum to trade to new ATHs through March. It has since been forming a perfect bull flag. If the stock can catch momentum again, I see upside to the 285$...

InvestEmi

Hey guys, if we zoom out to the weekly timeframe, MGNI is showing us real strength around the 40.50$ mark, which coincides at the moment with the 20 week moving average. If the following criteria are met through to the end of the week, I see this as a great zone for accumulation. - Weekly candle has to close above 40.50$ - I would like to see the RSI diverge...

InvestEmi

Hey all, Materialse really got struck hard by the Feb-March tech sell -off. The stock is now trading and found support once again around the 30.5$ range, which hasn't been broken since september 2020, despite multiple tests. Fundamentally this is still a speculative play, but I see this sector growing further in 2021, and MTLS is positioned perfectly for a...

InvestEmi

Hi all, ULVR looking very attractive at the moment, as a triple bottom has formed from prior resistance around 3700 GBX. I see this as a floor and any touches over the coming weeks will be a good chance to accumulate the name. Could see Volume resistance around 4300 GBX We can see a wedge forming with long-term dynamic support and recent downwards resistance...

InvestEmi

On the weekly chart, Nel Asa has tested the long term dynamic support again after a sharp 35% pullback. For now the uptrend has held, and the slight hidden bullish divergence to the RSI gives me a bit more confidence in the trend. Targeting a pump back up to ATHs throughout the year Good long term play. Would love to hear your thoughts! (*This is not financial...

InvestEmi

I have JinkoSolar on watch with a clear double bottom on all time frames, for an even cleaner view please refer to the weekly chart. 41 - 42$ range is proving strong support and I would like to see this hold over the next few days before jumping in. If broken, I see further downside to 30$. Eventually even with a rally to the upside, We can expect lots of...

InvestEmi

Hi all, after enjoying a really strong rally from mid 2020, breaking through a couple wedges (marked on the chart), BIDU has been suffering some strong selling / profit taking over the past couple weeks. On the daily chart, we see a long and steep Flag forming. Bearish MA crossover and current negative news cycle could depress price further in the coming days....

InvestEmi

Hi all, ACN has done well out of it's ER from last week - growth numbers were solid and constant, and in general management has never really disappointed in its Strategy and Execution. On the 1D chart, we can see an ascending triangle forming since the end of October 2020. This pattern usually skews to the Bullish side. However, the double top @270$ gives us a...

InvestEmi

Lots of discussion surrounding SE, especially with regards to the incredible RSI levels it has read over the past 6 months. I for one don't think I have seen many charts with a similar RSI as this. However, I really love the underlying company and am Long the stock - I will continue Long until a candlestick pops up telling me otherwise. So far so good, no...