There is major support at this level!
I am torn to going long, but there is a lots of uncertainty regarding The tiktok effect!
Will see what happen with the election and any further issue coming from the White House..
Also watch out for earnings! They revised down, so it’s never good, even at earnings could keep going down to next support
I was watching $SNOW from the sideline since its IPO in mid September.
Unfortunately from a technical point of view, it's difficult to make any speculation on where and when the stock will move next. However, I believe the stock is in a bullish position. Looking at the chart, I could possibly speculate on the following points:
1. Ascending triangle narrowing and...
Looking to enter a trade in $SBUX following a bull flag formation.
- confirmation of price above trend line at $86,
- increase in volume,
- MACD and STOCK giving stronger signal
If trade is entered, will set stop loss below support around 84.15.
Taking profit around 90.30, 93.5$ and 99$ depending on price movement.
Time frame of the trade 4-8...
GREAT momentum for this stock IMO!
I was able to get into the dip after missing the run up from 240!
The Company is well positioned to close the year strong as investing in CPaaS companies as technology and communication will continue to play a larger role in our lives going forward (thank you COVID-19).
Looking at the daily, you can see that some investors...
- Stochastic turning bullish,
- High volume
- holding on first level of support
- In previous dip the stock has always recovered (Although this is reassuring, in my view it is to be considered neutral because past moves are not a good enough indication of future price movement)
- MACD is still bearish. Will need to be...
Will monitor the situation but it seems its holding well on support around 76-77$.
Bought shares on the pullback on previous levels and looking to add more if this support holds..
I am still bullish on the stock, because IMO Tiktok will have only moderate impact on $FSLY revenues in the long term. However, I do realized the short term pressure and unfortunately...
LONG TERM BULLISH!!
Looking for a small pullback before possible enter a trade.
There is a CUP&HANDLE patter forming, but it could go straight throughout it and continue higher instead.
Will keep an eye on it.
Looking at the daily chart, there are few bullish signals for $ROKU:
1. It broke above the current down-trending channel;
2. It broke previous resistance level at around $135-136. Will need to wait for a confirmation/consolidation and level of new support. !!!! carful next big resistance is only few dollar away around 152-153!!!
3. Ascending triangle formation...
Again reaching the resistance level around 315$
I see three scenarios IMO:
1. It will form a small cup and handle pattern and move higher.
2. It will break through resistance level, move higher and use the old resistance as new support.
3. It will be rejected by the resistance and will go back to re-test support level at 295$
Keeping an eye on $OPK.
The shares price just crossed previous 2.90$ which was both resistance and 52 weeks high.
If the price remain above previous resistance and become the new support, we could see the price spike up!
Long term still not sure, but there is bullish momentum on this stock IMO