Mastercard crossed both the 50-day and 10-week moving average, and is today testing support of the 20 day moving average (center line of the Bollinger bands) after an overnight gap up. It is also among the top 10 in the buy zone on IBD's Leaderboard.
Given these low prices as compared to the 52 week low, the volume, the daily price movement, and the RSI - I would expect to see a bounce tomorrow. It looks like a decent day-trade for the savvy trader. Maybe even an overnight gap up (already +.04 after hours). High Today $9.29 Low Today $8.83 Open Price $8.96 Volume 11.01M 52 Week High $25.96 52 Week...
Looks like people are moving into some of the food, drink, and confectionery companies as safe havens....also see Craft Heinz, Coca Cola European Partners and a few other big names in the industry.
These guys are rock solid still respecting the trend line like they have (and the 20 day SMA) in spite of all of the downward pressure the whole market is under. If/when they bounce off and/or move above it again (I'd almost bet within a day or two) - I can't help but think climbing aboard would be a safe haven for the time being. This looks as safe as it gets and...
$$$ Looks like a hammer forming on weekly with this recently formed company - hmmm keep your eyes on this one folks. If it breaks upward wee we could consider jumping in at such cheap prices, or if it goes down with the rest of the market (which I expect) we could be looking at an MJ value buy at under 1.00 per share :) I just checked around and found that...
SPXU and TZA both short the market 3X, but SPXU shorts the S&P 500 and TZA shorts the Russel 200 Small Cap Index. Keep that in mind on day when the market tries to rally a little in the morning while this correction is going on due to the China-US trade war. The S&P 500 has more staying power due to the sheer size and monetary strength of some of the better known...
Look at the recent growth here! Today is a massive selloff on Wall St and yet...well you see it with your own eyes. Watch the RSI because it is trending toward over bought, but when they get to highs like this they always are. "Fundamental factors: Market Cap $6.28 billion P/E 20.04 Dividend yield 3.84% Revenue expected to grow 5.70% this year and another 3.50%...
Don't wait until it's too late to hedge against your upcoming losses if your heavily invested...remember the last quarter of 2018? Well, it's happening again! If it's as rough as it was just 5 months ago your looking at upwards of 80% gains near term if your in...but if your not I feel for you (Also see SDS and SPXU). I've been day trading these short stocks and...
It's risen 93% since the day after Christmas (thank you Santa), and the tension between China and the US hasn't even slowed it down. The only thing I don't like is it seems too good to be true; nothing rises forever but it's sure trying!
If this breaks down like it looks to be it could go down a long way in light of the bearish conditions er are currently facing near term. Watch tomorrow to see if we get a breakdown at the closing of the daily candle for confirmation.
Nordstrom has had a strong bounce about here in the past, although currently it is seen as a strong sell by most given the strong downtrend; but, It's definitely worth watching given the current technicals....PLUS their Earnings Report is expected tonight after hours. "If" they do well it could be big....you have an hour to find out all you can before the closing...
Get it while the gettin's good before after hours trading is closed because SPXU, SDS, TZA and any other ETF's you can think of that short the market will likely up gap over the weekend just like they have the past 2 weeks. Especially in light of China's response to the US...."We aren't interested in negotiating right now." This is not financial advice - it's my...
Look at the 20 sma getting ready to cross the 50 sma! If this Inversed Head and Shoulders pattern (which has a high % of success I might add) breaks out at next weeks open we could some major gains this summer. The textbook target is 166.97 which would be a gain of 72.78 per coin if it is a success. That's the kind of swing trade that would put a smile on...
I expected a retrace to about .38 (by coincidence fib retrace and price), but I expected it to take a little bit longer. In any case this is about a perfect scenario to buy back in as everything is setting up for a reversal and it shouldn't be long before it starts heading back up toward .48 and beyond. Look for a strong weekend and keep your eye on the volume ...
Weather you use the Tradingview screener, Barchart.com, Google Finance, or whatever - check out the signals this thing is giving off as Tuesday gets going. Hopefully after such a strong initial pullback we will start to see a few strong positions creeping up a little over the next few days. If so this may be one of the early movers (fingers crossed).
I REALLY hope your taking advantage of these types of ETF's to offset your losses; I've been pointing to them for several days but few are even looking?