Will the company be better off without Jeff as it happened before with Google and Microsoft?
We are yet to see.
Meanwhile if it's the end of wave 4 "wedge" correction we might see the stock up to 4345.
Decline below 3090 will make it less relevant.
Fulgent Genetics #FLGT specialised on genetic tests and now making tons of money on COVID-19 ones. They have also equipped hospitals with IT software for tests data processing.
Even with vaccines tests will be required for months ahead therefore #FLGT may have some more space to grow.
First target $65, then $80
Credit Suiss said 8/01 it's fair price is 42, not 40.
Oppenheimer responded today with rising estimate to 130 from 75.
Everybody can see the result on the chart.
Company is doing great business in tests. Moderna did similarly with vaccine.
If the correction pattern will look more or less the same, 80 could become a solid support now.
Shorting that kind of paper...
It's been too fast too far as usual.
Impulse 5 waves have likely finished and it makes sense to use fibo-retracement to measure the correction targets.
Re-entering long positions may become reasonable somewhere between 8 and 9.
After completion of 5 waves impulse it looks like #EURUSD has entered the correction phase.
It may be premature to speculate on the structure of the correction, but worth marking potential targets: 1.2065, 1.1975 and may be 1.1890
#TSLA have repeatedly crushed "bears" in the past.
The last driver for growth was inclusion of the company in the SP500 index and subsequent purchases of the stock by index funds.
It happened on 21 December 2020 and it seems now the time to pause this growth story.
Make sense to short with $445 target and Stop at $705 which gives some 3:1 reward/risk ratio.
There were times when #C were the largest US bank and their share price was 10 times higher.
More than 12 years have passed since then and #C market cap now is just half of Bank of America's #BAC one and 3 times less than of JP Morgan #JPM.
2020 pandemic wasn't a financial industry crisis. Quite the contrary Banks are benefiting from the huge injection of...
Chinese authorities have decided to punish Jack Ma for the criticism of Central Bank bosses.
Will they destroy the company of remove/jail Ma?
Knowing chinese pragmatism that is unlikely.
Technically the price growth towards 379 is still possible as long as 196 level holds.
In order to bet on the closure of 23-24 December price gap it make sense to set...
Interim stop of swift RUB strengthening wasn't long but definitely was noticable: from 72,90 to 76.
Now RUB seems rushes to grab all the positive it can before the end of year.
Next target is likely to be around 71,00-70,80
One of the top mining companies along with BHP and Rio Tinto, #VALE is benefiting from higher than many expected steel prices.
Move up though looks somewhat overstretched by now, formed a divergence with RSi and is not supported by volumes.
A healthy correction to $14,75 (Fibo level) would be logical.
#AAPL killed Nokia, is shaking Intel and now begins to treaten Tesla with plans to roll out EV on a new and cheaper battery.
It requires logarythmic scale to see the target of around $173 for this stock. Could be reached as early as in March 2021.
Speculative stop is around 110.
#INTC is under pressure from AMD, NVIDIA and now Apple and Microsoft.
To start the uptrend #INTC needs to break the resistance line around $52.
If drops below 43,50 there is way down to 36,50 and 27 as seen on multi-year charts.
Would make sense to cautiously buy around 43,50 with stop at 41,50 in hopes for the better for Intel.