ALGN at this moment may go down but it has some serious risk reward ratio. They are also the best in the industry which makes them the Apple of this segment. It could go down from here so keep dollar cost averaging but definitely a great buy for Long term.
NIO seems to have bounced from 4.90$ which may have acted like a support. Unfortunately, 5.30$ becomes a resistance. i would wait for another dip to 4.90 and see if it bounces from there to be a sure shot LONG. If it breaks 5.40$, then 6$ is an easy 10% play for an all in !!
ATVI bounced well from the 50 Day MA and seems to be moving towards the 200 day MA. A conservative target of 55$ in the upcoming month in my opinion.
Stop loss : 39$
Long term target: 60$
From current prices, that is more than 20% increase which is a great trade. Ride the uptrend !!!
Apple weekly shows enough sign of a bounce back after the dip. More than a month now since it has rallied, it is trying to break its resistance point since so many days. Any news of Apple(which they usually do a lot) should make this pop !!
Target - 190$
JD has been following the uptrend channel like a Boss !!! Weekly clearly shows how it is going to maintain the channel and ride to 40$
Also the 50 and 200 day EMA crossover is going to happen soon which is highly bullinsh.
Wait back for some pullback, buy more and ride the uptrend.
I would keep a conservative next target of 32$
Some key highlights of JD...
I guess it should retrace back a little to 25$ range and then carry on the upward path to 29$. This is surprisingly moving fast so I would see a nice 20% growth soon.
4hr and Daily chart suggests the crossover of 50 and 200 EMA. Also a nice bounce from Ichimoku on the 4hour suggesting a nice support and faith in the stock. JD is a big company and US China deals...
Trade deal with china is good. JD earnings coming up in a couple of days too!!
Reasons i am going long:-
1) Nice uptrend channel on the daily and 4 hrs and weekly. Really Bullish. As long as it is in that channel, I wont have any problems
2) Its at 25.95 which means it broke the current important resistance. I consider it important as the last time it broke the...
The 6.90-7.00 support has been going really strong. Personally I wont worry if it falls down a little further as i dnt see it going below 6.80$. Worst case to 6.20$.
Key points I am looking since a couple of days-
1) creating a nice cup
2) The cup creation is after breaking (getting out of the downtrend)
3) no loss of volume
4) decent rsi for upward trend