Every 3-4 years since 2009, the price of orange juice has found a cyclical bottom. We are currently not only sitting on the cyclical low, but also resting on the channel range low/trend-line.
The daily chart has given a green light to get long, however, this is a monthly chart so the chop can easily last 6-12 months before lifting off (if it does)
The hand-full of trend-lines on 15 minute and 1 hour charts along with the dozens of indicators I see out there is a waste of time and mental energy (and also shows the inexperience of most traders). No one knows where the bottom will be and those useless indicators WILL NOT HELP in that discovery. Simplify the analysis by only looking at the extreme levels and...
Speaking specifically about AMD I am bullish short term. The medium - long term is where things may look bleak.
From a macro perspective, a lot of cyclical stocks out there are showing signs of vulnerability in their cycle, which may hint at the trajectory of the bigger picture.
In 1980 the price of silver peaked at around 50 per ounce. 7 years later the price found a temporary bottom and rose about 75% from the low to its new high. In 2011 silver peaked at about 50 per ounce. 7 years later (where we presently are) silver may have printed a firm temporary bottom. I am not implying that same 75% move is in store for silver, but for now,...
Be mindful of the fact that this breakout is happening on the first day of the last week of September and the last week of the quarter. There may be a retest one of these days this week. The end of this weeks close accounts for the end of the 3month charts, so this is extremely bullish in my view. Make sure you have ammo to add dips (speaking to myself).
I view CRSP as one of the most interesting biotechnology stocks out there. DYOR. If it works, it will be huge. I am happy to see there will be opportunities to accumulate some stock, after I short it into my ideal entry levels.
I´ve been following BOX ever since I´ve watched the presentation by Chamath Palihapitiya at the Sohn Conference (on youtube). We now have a clear buy signal from a technical perspective.
Disclosure - Chamath Palihapitiya is probably my favorite tech analyst out there.