Since September last year, Square (SQ) has been in an ascending channel. It looks like it's gaining momentum and it could test the top of the channel resistance level soon. If it does so, it has a gap to fill above, which would take it to $80 in the next few weeks.
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I've been following this descending wedge since December. The news of the Brazil expansion helped ROKU break out, now we need to wait for confirmation.
Here is an in-depth analysis of ROKU: compounding.works
Amazon's stock price broke an ascending channel at the end of December 2019. It quickly retested that top channel line, which acted as support, bounced up, and left a gap to fill. This is an indication that we might have to fill this gap at some point.
There is one major support line to be tested this week, at around the price of $1850. If Amazon's stock price...
Roku has been in a falling wedge since December last year. This is a bullish signal and it could soon enter in a trend reversal, filling the gap above at $159. Can it do it before earnings?
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$SQ is in an ascending channel and just tested the resistance above unsuccessfully... I'm keen for this to fill the gap above up to $80, but it will take some time I think. Next target could be the $62/$63 support live before it moves back up and has another chance.
As you can see, there’s a big gap to fill from back in October 2019. The price bounced off a strong support level around $29.50 and is now moving up consistently. As per the Fibonacci Retracement shown, it is now near the $32.95 resistance level. The next resistance levels will be $35.73 and $37.68, at which point the gap will be filled.
This means that a...
It looks like PD is recovering, breaking out of a long term descending channel. Although it's looking good from a technical perspective, it's earnings call is on December 5th, which could definitely impact this breakout if the fundamentals aren't improving at the pace analysts expect.
First year target is $50, which is an 80%+ upside from current price.
It looks like TWLO is recovering, breaking out of a descending channel ongoing since July. The last earnings call was disappointing in terms of earnings per share, but it's still growing at a good pace its revenues. It could provide a good return from here.
We need to see it break the $56 resistance for a bullish run. Rising wedge has been going on for a while and both RSI and MACD looks healthy. With the new generation of consoles being released next year, I expect ATVI to do well in the next year or so. Thoughts?
Needs to push through around $118, but it might not manage to do that. It has been on a downtrend channel for a long while now. If it doesn't manage to, it will probably revisit the all time lows of around $102...