Let's see if Unity continues with the H&S formation!
We remain bullish on USDJPY pair. We expect 100 soon. An investor in Japan had to hedge for currency exposure if he/she wanted to invest in US Treasury market. That hedging costs used to eat out any yield from US bonds, making Japanese investors uninterested in US bond markets. With the rise in US bond yields, that picture has changed! Investors in Japan can...
BTCUSD forms classic descending triangle . Bulls should be careful. This is short-term picture. All risky assets drop due to rising bond yields. In the big long-term picture, however, Bitcoin looks good. Correction was due.
World's biggest market index displays a classic inverse H&S pattern. Below 3850 would demolish the setup. We are long for target of 3960+
After following successfully the pattern that we shared on FEB 7, TQQQ dropped to the prices that we expected it to be. -With currently standing at a double bottom, a drop that came with a bull flag formation, we see this as a good price to enter for mid and long-term investors. -For short-term investors we suggest to wait for a trend reversal and then hop on the board!
As we all know, all the analysts and investors are talking about the market bubble that we are all in currently. And in our opinion, TQQQ is reaching its resistance line. It will need to cool-down sooner or later, we are currently waiting for it to pop the bubble and drop closer to the support line where we can buy it confidently. Good Luck to everybody and Stay Safe!
AIRBNB, the future of the hospitality industry is reaching its first earnings report since the IPO! -CCI looks bullish having the current price standing below the average. -Chart looks bullish as well standing at a very close point to the support! Wait for a reversal or a touch to the support, once either of them is done get in! For the ones who are long-term on...
Having a healthy correction after a long climb, Etherium is a strong buy at this price! Has couple resistances around 1,731 and 2,031 but will definitely break them with no problem! Please share your thoughts in comments.
After the pandemic-related increase in e-commerce, BABA saw tremendous increases in its revenues. However, recently they had to drop some heat which resulted in a 15-20% drop. With the current drop, it seems like BABA reached one of the strong support points which can give us a quick jump back. Leave your thoughts below and follow us for more updates and daily...
GBPJPY is at 147.50, a historically important price. TRADE ALERT ⚡️⚡️⚡️ Once breached, which is our expectation, the pair will shoot up to 155.
Ripple shows some further potential for move up! IF the price goes up 64 cents, we will buy XRPs.
After a healthy run-up, Amazon seems to cool-down. Jeff Bezos stepping down has a big role in stagnant days of AMZN stock. Having strong revenue increases during pandemic, AMZN will continue to rise in long-term. With added online stores across different platforms, pandemic killed the shopping centers for once and for all. Moving forward, we can confidently state...
Having earnings on 02/25/2021 after market close, Airbnb is losing some weight prior to a busy week. Currently, the company is valued at about $130 billion, or about 31x consensus 2021 revenues. Although this stock is one of our top picks we are currently keeping a "HOLD" position on this one. -Above on the chart we have displayed possible ways for the ABNB to...
DogeCoin shows a classic "Cup and Handle" setup. As more data becomes available, so does the picture. It is now clear that DOGE is preparing for famous continuation of "Cup and Handle" pattern. Up!
All bubbles eventually drops to the price where the bubble has started. For GME it is 20$.
-Liquidity Services operates a network of e-commerce marketplaces. Its online auction marketplaces include: Liquidation.com, GovDeals.com, Network International, GoIndustry DoveBid, IronDirect, Machinio, and Secondipity.com. -Mainly Liquidity Services is popular for the auctions that they have for Amazon's inventory. -Wholesalers are buying in bulk from LQDT and...
After rising tremendous rates during the pandemic, Zoom got into a Cool-Down period. Now that the bull flag was completed it is set again for a good rise! Fundamentals: Income statement: 2018-2019 --> +298.43% increase 2019-2020 --> +233.66% increase Cash Flow: 2018 -2019 --> +164.24% increase ...
-Sumo Logic is a cloud-based machine data analytics company focusing on security, operations, and BI usecases. As we all know Interned Of Things sector has a bright future and Sumo Logic is a big player in this industry. Recently collaborated with Amazon, Sumo Logic stands strong and bullish at this point. -Increase in ROE (2019-2020): 59.68%. -Entry Point: In...