Strong uptrend for 2U.com $TWOUThis stock is a top pick for a lot of leading ETFs like ARKK , ARKG , ARKW , CLOU and XSW . That's a synonym for good long term view from this companies, and I really like that. You could say that, that is part of my fundamental analysis.
On early November the price tested its 200 day MA and it held very well. Now, after a good breakout, is testing its 20 day MA and so far is looking good. Depending on the close I'll buy some, and if on the coming days it breaks out of its resistance on $45, I'll buy some more. I believe this is a good stock to go long for a very long time.
Clou
Salesforce looks strongCRM has consolidated for almost 3 weeks, after gapping down on the news it had acquired Slack (WORK).
Risk reward ratio is around 3.
A potential test of the pre-gap candle lows might be in place before attempting to reach the 50sma, and subsequently the top of the gap.
OBV line has tested and is now respecting the line that was made before the gap higher.
Cloud computing looking goodI really like this ETF NASDAQ:CLOU and now is looking good. Is one of the leading tech industries due the higher demand for online solutions for everything, and I believe that is just getting started. It broke out of a symmetrical triangle with good buying volume and now is testing the 20 day MA with low selling volume, for me that's a good buy signal. All thought the best time to buy is at the close so I'll wait until then to buy.
Fortinet at important supportWe are seeing confluence of support around $120 approximately.
Test 1: February high
Test 2: Bottom of gap
Test 3: 200sma
Risk Reward ratio is great, as we can set a stop below the 200sma.
RSI is still not oversold on such a drastic down movement.
pennies to thousands nyse candidate in weak market basic materiastrong stock weak day
watch weekly cloud above see our book on importance of weekly cloud on amazon of same name
mad crossed
above 200 day ma
rsi strong
cci and percent r good
money flow strong
