Slack hasn't had single ER after which the price would gap higher. Not a single one!
All the price growth has happened in between last two quarter reports, followed by disappointment and gap down at each ER.
Revenue growth is "meh" — growing, but linearly.
Disclaimer: I hate their product with passion.
Today (some of the) semis perked up with $TSM being the clear leader. I've been watching $INTC for a while, convinced that it's undervalued, given the fundamentals and waiting the bad news from the last ER to wash out.
After giving back very little during the correction, this stock is eager to get back in the game. $AMD and $NVDA look pretty low-energy atm, so...
The breakout from last week has all the looks of failed one. Failed breakouts often lead to sharp moves in the opposite direction. Given the Hindenburg report, expected reversal is not big news. For now the price keeps going further into the apex of the triangle which typically negates the pattern. Anyway, we need to get out of the $30-$37 range in order to...
After touching the long-term downtrend resistance in early June and consolidating for 3 months in fairly tight range, it got onto the resistance line again on Friday.
This completed year-long inverted H&S pattern (visible on the weekly chart).
Climbing and staying above $37 or falling bellow $29 should bring major move. Let's see what's next.
I've been watching NATGAS for month and held a position too early in the reversal. Now I'd declare it officially in bullish regime.
I'd wait pullback to $2 to enter. It could double, but will take looooong time so entry must be good for shorter term position.
Note RSI — it behaved very constructively last 7 months during the bottoming process.
Rising wedges are supposed to be bearish, but EEM have pretty bullish look on this chart. The breakout today could be bull trap, but if we stay above the current level (ATH from April'19), the breakout would be confirmed. Looking at the chart there isn't much headroom to grow — the last 52W high is this year January's 46 level.
I'm long option call here and...
Nobody knows. Despite the good fundamentals (revenue did not drop in Q2!) the stock continued the consolidation it started pre-earnings. The good news is that RSI is still relatively "hot" — RSI 50 level has been acting as on/off switch, so let's see if TSLA flips it again. The triangle we are in currently is probably not to be taken too seriously as TA pattern...
After stellar recovery in last few months AVGO is making legitimate attempt to stay above 320 and probably break through the long-term 330 ceiling. It's got pretty strong tailwinds too:
- AAPL is going to the moon and beyond
- semiconductor ETFs are hot (again)
- it's doing workforce "consolidation" which will surely make shareholders happy
Beginning of June the 3 year long upwards trendline support was penetrated, then failed the re-test. It's officially resistance line now and is being tested once again. Before that we had very authoritative reversal which bounced off the long-term downard sloping resistance. This time the re-test looks much weaker. Notice the 1000 day MA acted as support during...
This is H&S with 10 year base so it's slow moving. We see yet another retest of the neckline (resistance) after the breakdown early March this year. If the 80 level resistance holds, the H&S target is ~60 which is whopping 20% move. Once again — the pattern is with 10 year base so it won't happen overnight.
I saw on twitter message going along the lines that silver jumps faster than gold and falls faster when the rally is over. seems to be partially true.
when silver rallies, it rallies hard, but the inflection points often don't match
interesting how long-term silver is trending to be cheaper