The case for Gold as a hedge against inflation can certainly be made in these uncertain times. Especially with the government printing 2.2 trillion in aid with trillions more almost certain to follow as they attempt to revive the economy or at least mitigate the number of business bankruptcies. Those interested in selling their physical gold i am sure are not keen...
NASDAQ:ZM has done very well during the current bear market/crisis however this kind of parabolic rise and panic buying usually culminates in a grand correction. Think NASDAQ:TSLA and NASDAQ:BYND as prime examples.
NASDAQ:ZM is currently well into oversold territory and showing a bearish divergence on the RSI. A retest of the 10 EMA and 0.618 FIB from...
Since my last published idea on NASDAQ:CRSP we have seen bullish momentum as CRISPR Therapeutics posts higher lows and higher highs. We have also seen the 10 EMA crossing above the 20 EMA potentially signaling that we are just getting started. Recent low was supported by a newly established trend line as well before rallying to close above the 10 EMA. CRSP also...
ROKU has broken out of it's descending channel and appears poised for more upward movement. This move has also caused the price to break above the long term trend line, which appears to be acting as support once again. My next target for resistance would probably be near 150 and 160. However, with earnings only a few days away i would not be looking to open any...
While CSPR did finish Friday down 3.7% it also happened to close on top of what was previous resistance during it's late 2019 rally. If it were to break below this level my next target would be the psychological $50 area which has acted as solid resistance on the way up and should now provide good support. Support at $50 would also confirm retracement to the...
ROKU failed to hold above the 10 or 20 EMA on Friday and appears primed for more downward action. Possibly returning to previous trend around the 118.70 mark as there has been some interesting price action there in the past. This would represent a 17.72% drop from Friday's close - to much despair. However a presumed rapid move to this level would create oversold...
Chances are that the smart money has already priced in Disney+ and bearish divergence on the RSI is signaling downward pressure.
This stock has created a few gaps during it's impressive run this year and I would not be surprised to see some of those get filled. The April gap would probably not get filled in the near term as it would require breaking through the...
