Well defined triangle with a well defined breakout. Market sentiment at the moment is bearish, giving this trade another odds enhancer. Target 1 just below 96. Target 2 would be the support level around 86. Lets see
XLK - the SPDR Tech sector ETF s in firm uptrend both on macro and on micro perspective, and it is the best-looking US sector ETF from the SPDR range. On long term perspective price has broken back into the 5 and 10 year uptrend, trading above upper first standard deviation from 5 and 10 year means respectively On long term perspective price has recently broken...
Looks bearish along w/ a lot of other momo stocks with the market still stuck in consolidation at the moment and in a 6-8 month range. With this market uncertaintity as far as the direction of the market.......many momo stocks are breaking down. As a risk/reward setup.......NFLX looks like a short right now as it has b/o to the downside of the immediate uptrend...
TSLA looks bearish here as it has b/o to the downside of the intermediate upward-sloping trendline and is forming a bear flag pttn. w/ rising selling volume. The continuation of the pttn. would take it to a tgt. of around the 246 lvl.
Looks bullish here as it is showing a bull flag here after it hit the extension of the move of the recent inverted HnS pttn. The bull flag pttn. here is working as a continuation pttn. or follow-thru pttn. and if it b/o's of the pttn. & is valid then the extn. of the move would bring it to the tgt. zone of 91-92.10. As always watch the overall mkts. for how to...
You are looking at a DAILY chart of CYBR. Although I like to use weekly charts in my posted ideas, CYBR recently ipo'd and therefor the daily chart will work just fine for this idea. Please remember that daily charts will give us buy & sell signals that may not last as long as the signals on weekly charts. So keep your eyes on your money... Cyber Security. ...
December 17-18 gap is closed, and like I thought it bounced right back. The heavy selling seemed to be sparked by macro sales, but not a lot else changed in this company since. Both accumulation and price have found support and seem to be reversing, but I would watch for a break below these levels just incase there's more to this picture than we've been hearing....
While the bullish calls are mounting by the day, technicals seem to indicate that we'll either enter consolidation for the next few weeks, or experience a pullback. A few things to watch out for. PRICE - Intraday high has for 3 days printed lower and lower numbers. Typically a negative, but if the 4165 level holds it could just be a sign of the market taking a...
I believe, fundamentally, that blackberry is undervalued at its current share price and this is why. Initially that had a hard time keeping up with the competition, and lets face it the Z10 and the Playbook were both major flops. But a business can, and should use its failures to its advantage, and use it to tweak their business model which is what BB seems to be...
Consider shorting the Nasdaq100 which is highly represented by technology stocks. Even if you don't believe there is a severe correction around the corner, tech stocks are extremely expensive. A move above the asset bubble trend is telling me there may be a pullback to the middle of the linear regression line - minimum. Consider selling one the price move back...
We all know that long AAPL into September will be the easiest percentage points you'll add to your portfolio, but how early should you buy, and what signals should you look for? Price: Any break above 96.30 and I would consider starting to buy shares. A break above 97.00 and I would complete initiating any left over capital I wanted to allocate. At that point I...
The macro environment has created a number of buying opportunities, and NFLX is shaping up to be one of the best. There's a lot to be bullish about long term, but immediately there's pricing action, volume accumulation, and MACD. Pricing shows that the dip double bottomed, and while it's true a conservative investor would wait for it to clear the ~$435 range,...
Amazon was in down trend most part of the time this year but caught some buying after it broke up from $320-$340 consolidation with strong two days continuation to $359.32. Now, it holds nicely near highs. Buyers probably should not gave back more than 1/4-1/3 of this recent move if they want to see quick continuation. I expect to see bull flag and continuation...
This cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation...
It started 2014 year as laggard and was trending lower in bear channel. But then it bounced off of 200 EMA with RedDogReversal, regrouped and have built higher highs. Finally, sentiment changed when it resolved this indecision area with break up of resistance at $88.60 with nice 4 days follow through. Traders should adapt and make adjustments if they want to...
SWKS is on fire. Recent earnings revisions, and analyst upgrades has provided the catalyst for Skyworks to make its' next leg higher. May 29 marked its' highest 52 week close since the earnings release made in April. This cash rich company has an amazing Quick and Current ratio of 5.76 and 6.94 respectively, and no debt. Short term price target is set at 50.00,...
IQNT has been on a tear all year long. Respecting its' trendline, IQNT has gained 550% since April of 2013, and with a p/e ratio under 10, it is STILL undervalued. This cash rich company has no debt, and its' growth potential is strong. The stock has recently made its' highest close in over 2.5 years. With the technical signals triggering buying oppurtunites,...
EBAY is on my short list. As it trades below all key moving averages including the most important one 200 EMA, means that bears in control despite storng market and technology sector as well. Earlier it failed to hold above $58 (breakout point) and definitely it is not a good sign for buyers. Ebay gapped down on earnings on 30th of April with pivot resistance at...