QQQ rejected by KJ Line on 4hrQQQ is not a safe buy here. We have a bearish normal TK cross in the cloud and a clear rejection of the Kijun line on the 4 hour chart. Cloud is also twisting red which is another indication of a more downware movement ahead. A second item to note is the DMI. The (DMI-) is at 33 with the ADX at 43. Both are indications that the bears are still in control. We bounced today and will most likely fall tomorrow to create the 2 of a possible 123 rebound. I will not be stepping in here to buy until we get a bullish cross on the 4 hour TK. I am short until then.
Cloud
Veeva Systems: One of my favourite stocks right nowI love it when fundamentals and technicals line up together. I am in general very bullish towards cloud-software companies, thats the future, especially when they have a footing in the pharma industry like veeva. This is a huge market and growing strongly year by year. The chart is a textbook bull flag. I am expecting a move into 80$ over the coming months. Longterm over the coming years we can also see prices above 100$. The only reasonable place to put a stop right now is below 50$. So do your own diligence and research, this is just my opinion towards this stock.
Fundamental analysis by Morgan Stanley:
Veeva Systems Inc
VEEV, a cloud-computing company focused on the pharma and life sciences industry, is an underpriced asset within the broader SaaS universe, according to Morgan Stanley.
The Analyst
Morgan Stanley analyst Stan Zlotsky upgraded Veeva Systems from Equal-weight to Overweight and increased the price target from $69 to $72.
The Thesis
Veeva Systems has durable growth — fueled by an expanding $17-billion total addressable market — and margin potential that is not being reflected in current trading levels, Zlotsky said in a Tuesday note. A conservative setup into 2019 offers scope for estimates and shares to move up, he said.
The company's best-in-class economics are likely to drive longer-term operating margin to 43 percent, representing the highest margin potential in Morgan Stanley's coverage universe, Zlotsky said.
"Veeva's above average sales efficiency and a disciplined go-to-market has enabled the company to simultaneously deliver strong revenue growth and greater than 30-percent operating margins today, well above the 18-percent average among more mature SaaS peers," the analyst said.
Morgan Stanley estimates 16-percent revenue growth on a CAGR basis to $1.7 billion and a 36-percent operating margin by calendar year 2023, resulting in free cash flow of $593 million.
With the 12-percent pullback in Veeva Systems shares since June 2017 compared to a 14-percent gain for the SaaS peer group, Morgan Stanley sees an attractive entry point to rebuild positions in the shares.
BTC Exploring a no volume stateHere I am investigating the trend of BTC when we see it return to a low volume state. The main indicators here are volume based - only the fibonacci resistance arc doesn't follow the volume.
My take-aways:
BTC demand remains positive in low volume environments, more often than not
Price tends to CLIMB in low volume situations more often than any other price action
Volume doesn't neccesarily need to pick up for a rally to begin
Accumulation appears to have begun to take place around the $10,000 threshold
Shout out to @us.ira90 for pointing out I needed to edit my Ichi cloud. (Great eye and thanks!)
[XLM/BTC] - Stellar ready to pumpStellar has completed an inverse head and shoulders pattern on the 4H is looking ready to pump to new all-time highs. The descending volume gives legitimacy to the reversal pattern and the volume spike and bullish cloud metrics give confirmation to the bullish reversal.
Look for a test of the ATH at 6815 and then a run to the next fib extension at 9100.
Reverting to previous support levels.Good evening investors,
At this moment it seems like we are experiencing fallout from a previous high of o.ooooo404. This level was gained after a 7 day spell of fallout. We rose to o.ooooo404 without establishing support, profits were taken and you can see the after effect now as we fall back down towards previous support levels around o.ooooo350 . Hopefully no one reading this got burnt and you took profit around o.ooooo390 and you can meet me at the bottom around o.ooooo350 or lower. My target is o.ooooo320 . Trading is hard work, but this is surely where the money is folks. Enjoy yourselves.
$neo possible correction
flat kijun tends to act as a magnet for price
Wave Trend close to overbought. Sell signal given a couple days ago
may see retrace down to kijun line
good idea to set long bids near kijun. If trying to short, target would be kijun
bullish cloud twist indicates more upward momentum
I'm predicting a retrace before we continue to new highs
chart should traded in conjunction with $eth and $usd charts
Price at possible reversal zone
Twitter: @AzorAhai06
End to End Cloud Break?Zcoin bullish confirmation on the 4H. For longer term analysis see yesterdays 1D chart.
100ma over 200ma (Golden Cross) = Bullish
Tenkan over Kijun = Bullish
Enter Cloud = Healthy
Stoch RSI = Healthy
Volume picking up compared to last night.
Could see an end-to-end cloud break
First Target = 780k sats
Lets Ride.
Zcoin up? My first TA post. Please let me know if you notice anything that I can improve on in the future.
100ma over 200ma = Bullish
Tenkan over Kijun = Bullish
Over Cloud = Bullish
Stoch RSI = Healthy
Volume is a bit low.
First Target = 725k Sats
Second Target = 805k Sats
Fingerprint Cards the next biometric cycle revolutionWill be multibiometric!
Smartcards (contactless & batteryless, acesscards and payment cards)
Iris (activeIRIS)
Airportsecurity
I o T
In the Cloud
FULL In-Display (touch your thing and it is unlocked)
In the car (nu radionsignal and no more stolen cars)
Outside the car (no more lost keys, look at it or touch it and its open)
At the petrol station
According to the company states will be the company's largest customers!
It´s simple as this!
Fingerprint Cards in the next biometric cycle revolutionWill be multibiometric!
Smartcards (touchless & nonbattery solution in access card & payment card)
Iris (AciveIRIS)
Airportsecurity
IoT
In the Cloud
FULL In-Display - touch the device and it is unlocked
In the car (no keys, no radiosignal and no more stolen cars)
Outside the car
In the petrol station (with Visa)
(States will be FPC's largest customers according to the company)
It´s simple as this!
[ETH/BTC] - Get ready, get set, ...!ETH is nearly primed for a nice bull run to new all-time highs. It is currently in a zone of resistance but with the 1D tenkan about to cross bullish over the kijun and price in the cloud, we have signs of a bona fide trend reversal here.
A risky bet is to enter now while in the resistance zone but a safer option is waiting for a close above the resistance zone around 0.059. The first target/resistance is the bottom of the descending triangle that broke south in October which also lines up with the top of the cloud at around 0.067. Following that, the 50% retracement of the ATH is also another good target at around .105, and then of course the ATH at 0.150.
This could just as easily bounce back down from the resistance that's been building so watch carefully over the next day or so.
[GLD/BTC] - Bullish BreakoutGLD is looking good for a bull run. It formed a kinda pennant/ascending triangle pattern and is breaking out into the 1D cloud. Our target can be determined using the top of the cloud and the retracement from the previous ATH for around 4k.
A closer look on the ascending triangle also reveals a nice double bottom / W pattern which supports this breakout even further.
[STORJ/BTC] - Breaking through resistanceSTORJ is breaking through a resistance zone that's been building for the last couple months. With the price pushing through the 1D cloud and a bullish tenkan-kijun cross it's looking good for at least a 50% retracement of the all-time high represented by the flat top of the cloud at around 38k.
SIA Going to .04 before NYE?Could we see Sia reach .04 before the end of the new year? I am as tired of McAfee as the next guy, but Sia has a unique value proposition with cloud storage that could revolutionize an industry. Will this utility translate into investor success? For me, it's too cheap not to jump in and see what happens. I believe that Blockchain when leveraged correctly can revolutionize the business world, and reduced cost in cloud storage would be a huge win; especially if retrieval of documents from a decentralized storage location offers users a more efficient method of retrieval.
While it appears that Sia has a small team, they are a couple of Harvard grads which is attractive, I mean, Mark Zuckerburg dropped out, and created Facebook so that counts for something, right?
But seriously, I like the value prop of Sia and hope that these guy nail decentralized cloud storage. A project to keep an eye on, regardless of investing.
Side note: I also wish that Elon Musk tweet was real, but what can you do, still like the outlook. Maybe he will tweet about it for real some time soon.
GNT/BTC through cloud and beyondGNT is building a really nice looking bull run through the cloud. I like that it is not flagging like most alts that are rallying now which suggests its rise is more natural and less built on FOMO, suggesting this run is more likely to last.
Immediate target is the top of the cloud at 6400-6900. Fib retracements are also great targets beyond that with the 0.5 nearly lining up with a big flat top of the cloud around 14.5-16.5k - but really you can take profit wherever you like along any of these points.
Strat/BTC Edge to Edge Trade 1d - Ichimoku Cloud - LONGIchi cloud looking for Edge to Edge breakout.
BBands are tightening as well. This supports breakout as price is above the ML.
SYS/BTC Back Above SupportAfter testing support at 2550, SYS has recovered and is in a good position for a possible swing northward. This is a risky play since there is a lot of resistance overhead but at the same time is a good opportunity to get in at support price.
Watch out for turbulence in the 3500-4500 zone but if it breaks out of that area the likely target is 6350.