With a potential Joe Biden victory on the horizon, we start looking into stocks that could potentially great benefit from the Democrat's election. One of the biggest winners in this category are the China consumer plays. Starbucks is in that basket of stocks, which could spell out a potential for a long play/investment. On the technical front, we have the stock...
Genius Brands International swing trade idea. The price has been consolidating in the 1.30's for some time. With today's price action the chart presents a nice trade setup idea going into next week. The price closed on Friday above the 12EMA and the 50 and 200SMA. Price action is being pushed upwards by the 12EMA. The MACD indicator is showing bullish continuation...
DraftKings is not quite out of the woods yet to take on a LONG position. The stock did bounce nicely off a consistent trend line which has seen multiple reactions as well as coinciding with the 100 day moving average (SMA) and a Fibonacci retracement level, meaning the area does act as a STRONG support level. Momentum indicator (MACD) is showing a slow down in the...
