DDOG Squeezing/Cup and HandleNASDAQ:DDOG has formed as a cup and handle and is now squeezing from the initial downward move from highs. Support and resistance is marked 98.99 is the all time high
Cloudcomputing
Fastly : Wyckoff Pattern springLooks like Fastly is at spring on Wyckoff Patterns.
Likely catalyst to push it over the last point of support could be any news from Tik Tok acquisition or a short squeeze
Link : school.stockcharts.com
Concerns,
- Head and shoulders
- High volume on red days compared to green
I'm long Fastly.
Breakout or wait for pullback? Market leader with high RS.FA,
- Brilliant financial position and poised for growth
- Foremost stock with significant subscription revenue model.
- Market leader
- RS rating 88. EPS rating 99
- ROE:39%
- Sales growth 3Y : 23%
TA,
- Wyckoff Accumulation
- If price closes above 470, it's a clear sign of strength(SOS)
- Higher highs and higher lows. Supply drying up.
- MACD daily golden cross
- Through this whole rally, ADBE has never dipped below 40ema which further confirms it's high relative strength and the status of a market leader.
- Perfect entry would be if price can consolidate and get closer to 20 and 40EMA.
Risks,
- Overextended from moving averages
- Pressure on growth stocks
Salesforce.com Holds Trend as Earnings ApproachCloud computing has been one of the strongest growth trends in the market this year, and now one of the most important names has pulled back to some interesting levels.
Salesforce.com has followed an upward-sloping trend line since early June, making successively higher highs and higher lows. The two most recent peaks were all-time highs above its pre-crash records. Now it’s pulled back to that trend line.
Second, the current low is very close to the $195.72 level where CRM topped out in February. Has old resistance become new support?
Overall, this is a pretty conventional trend-following setup. It resembles Netflix on June 30 , pulling back to an old high and trend line before earnings. CRM reports on August 25.
$DDOG finally pulls back. Holding a key level.FA,
- Revenue up 87% YOY
- DBNRR(net retention rate) above 30%
- 63% of customers using 2 or more products
- Customers with ARR of $100k+ grew +89% YOY.
- Guidance of 62% revenue growth this quarter and 54% a full year.
- Gross margin>70%
- Rule of 40 fulfilled. 80% revenue growth- 4% EBIT margin = 76%.
- Good financial health
- Covid tailwinds
TA,
- The red levels are the daily levels. Daily candle rejected strongly( long-tail) off 72.15 and both the preceding candles closed above 75.00.
- Daily 120EMA
- RSI oversold
Price could very well go further down from here. I would look at entering again at the mid-'60s if so.
DOC - Trying out RubberBand strategyI’ve been following Matt’s work from Trader University. In his book he goes into detail about this simple, yet interesting strategy. The strategy consists of buying when the price closes below the lower Bollinger band (80) and selling once it closes at the middle band. He usually holds for a few days or weeks, so this trade will be oriented towards swing trading. Here are some details of my position, once again I would appreciate any comments from the experienced traders out there! I love learning from people who know this way better than any book could possibly teach me.
Current position: 1000 shares at 0.68. Exit target - 0.75. Stop loss at 0.64.
If anyone out here has traded using this strategy before, please let me know if it was worked for you before. Or if anyone is familiar with this guy Matt, I would also be intrigued in having a conversation. Any thoughts?
Micrsoft - long term buys. Fresh demand allowing to go long, due to a weak level
Looking to break all time highs. once it does, we will look for a sell entry once we have confirmation of a strong supply.
If a risk off scenario occurs, go short, with another opportunity to long again. we have a very strong level to buy from.
Coronavirus effect - meaning the previous high needed a fresh touch in order for long positions.
Fundamentals - these are great but we do not look at these much.
create its first data centre region in Italy
under a $1.5 billion investment plan as the U.S. company
expands its cloud computing services, with partnership of TIM telecom italia mobile.
A Moment People Have Waited for: Zoom bounces at the 50-day SMAZoom Video Communications has become a household name amid the coronavirus lockdown. It seems like everyone’s using it -- from coworkers to teachers and doctors.
All the excitement pushed ZM near $165 in late March. It then ran out of energy and retraced all the way back down to $110 this week.
The current zone is potentially interesting for two reasons. First, it’s at the 50-day simple moving average (SMA). In fact, this is ZM’s first pullback to that line since it started rallying in early February.
Second, the current price zone is slightly above a longer-term peak from June 2019, shortly after its initial public offering.
ZM is in the news today because of a shareholder class-action lawsuit. However, the issues resulted from its success. One was a decline in the stock price -- after a monster run. Another was that its product has a few issues. These only became obvious after its user base grew dramatically.
The company’s market cap now tops $30 billion, placing it in the same leagues with Kraft Heinz and Autodesk . Some analysts have complained about its multiples because ZM trades for more than 50 times revenue. This is high compared with other tech stocks. However, investors may be willing to pay it given ZM’s new importance in business and society. One of the big lessons of growth investing is that rich valuations are often a sign of strong demand.
ZM’s last quarterly report in March beat estimates and its next set of numbers are due in June.
Class Limited breakout Class limited was clearly overpriced at IPO. Fairly valued in my opinion and breaking out of a downtrend.
No debt
Fantastic ROIC
Growth 10-14%
NTAP Earnings: Short-term Bottom, HFT, Pro Traders, BuybacksNetApp is a Data Storage company for Cloud Technology. The Financial Services Industry is reporting a huge increase in Cloud Services usage that is starting in 2019 after a very conservative interest in Cloud Based Storage and services. This could potentially help NTAP complete this short term bottom and begin a new business cycle for the next couple of years. NTAP topped around $88 and declined to a low of about $56 before starting this first attempt at a bottom. HFTs are likely to be targeting this stock tomorrow as it reports its earnings. NTAP technically has stopped just below resistance for a completion of bottom. It is technically in a sideways pattern at this level. BOP shows HFTs were the drivers for the stock to drop in price to the short term bottom low of $56. BOP is not yet showing any quiet accumulation. Some pro traders are in the mix. The stock may also be under buyback mode as well.
PVTL finding its bottom - a fundamental play for mePVTL is a company I like fundamentally. I'm a software engineer and I've developed on their platform Pivotal Cloud Foundry, and I do like it. I know the decision makers at that former employer also really like the platform. I'm of the opinion that these guys will be a prime target for an acquisition by Amazon. I have seen absolutely no indication that this would ever happen, but knowing what these guys do and watching the direction they've taken, I believe it would make perfect sense if it happened.
When I saw the gap down over-reaction to earnings last month I bought a long term position after hours, and ended up selling it a couple days later for very small profit when it was clear the chart was going to break down to lower lows.
Now that PVTL is building a base of support in the $19 range I'm starting to get interested again in making a longer term swing investment. Thursday was a daily inside bar that broke bullish on Friday and even closed above the IB resistance. I didn't play that because of the IB bullbreak fake-out on October 1st. It is worth noting however that Friday did the opposite - it had an IB bearbreak fake-out.
I'm also noticing some potential bullish divergence here on the RSI and MACD, where the price is making lower lows and the oscillators are making higher lows (this is much more evidence on the MACD). The last daily lower high is is 19.93, call it $20 psychological, although a riskier play would be to get in a little early on the break of 19.68 because of the divergence I just mentioned.
Looking at the 4hr chart, breaking 19.68 would also change the 4hr trend, giving us a new higher low and higher high. I personally feel comfortable taking that trade, as I believe $20 will easily break if the 4hr resistance breaks on big volume.
The next daily resistances are at 20.11 sand 20.19 - there is a clear band of resistance in the low $20 range so a more patient and risk-averse trader may choose to hold off until all of those resistances break.
When the daily oversold bounce does start to play out we will be looking for a lower high on the daily compared to 23.95.
Key range: 18.45 - 19.68
JUST IF I Pump $ELF, Do You Really Wanna Know Why?Decentralized Cloud Computing is the most make sense industry at the moment. It's also linked with many big companies wanted to achieve the same thing on the same project. Cloud computing is quite primadona at this time and maybe several years ahead. Name it, Alibaba, Google, Microsoft and many others which smaller also wanted to have a piece of cake of this sector audience.
Then, Decentralized Cloud Computing Blockchain Network sounds really good. Because it's probably the mid-term goal on top of it for now. And that's what aelf, or the ticker ELF, do.
It's not a surprise if you see their website is full of big partnership investors, I do agree with them. Plus point, their website looks pretty nice.
For real tho, aside of big partnerships, they are also listed on Exchanges like Bitfinex, Binance, Bithumb and Huobi. Top notch. Even tho there are several others on the list but these four are convincing enough for me.
What i don't really like is their percentage of token owners. Really giving a little space for the market. Of course this action really reasonable because they knew their quality. Hmm interesting...
Judgin from the fact that right now is on the accumulation zone. I bet a lot of capital right now trying to monopoly the market supply as we can see for weeks now. Just watchout. If you wanted to invest and accumulating for mid-term timeframe, you should pick something like this with proper entry.
Because you already read the major reason, why this stuff great and why I will pump it. But i need to collect as much as I can before attracting the prey to my trap, retailers, so i can gaining a lot fo profit as I can.
I think 5000 - 5500 is good accumulation range and if you got caught the price below 5000 sats then it's pretty big discount sale.
Trade safe!
Micron Breaks OutMicron ($MU) rallies on strong demand for personal and cloud computing. There were concerns that demand for DRAM and flash storage were going to decline over the coming year, however those fears may not materialize. The stock broke out to a fresh all time high on strong volume.
Golem - "My precious!!" Up, & up & up?? – Or up, & up & down??Hey there peeps! Hope everyone had a wonderful weekend and are having a superb Monday morning.
Take a look these figures:
We've broken out of the mid-term channel we were in since January 18th 2018. RSI still has room to grow. MACD is showing sideways movement on the short-term but on a mid-term uptrend .
Current Resistance: .00004210 (= 38.2% FIB)
1st target: .00004488 (= previous resistance)
If previous resistance of .00004488 is broken:
Next target will be: .00004696
If previous resistance is NOT broken:
Fall back/correction will find stability between .00004132 and .00004210 (coinciding with previous 38.2% and 50% fib retracements)
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts!
ABOUT GOLEM
Golem is a global, open source, decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines, from PCs to entire data centers. Golem is capable of computing a wide variety of tasks, from CGI rendering, through machine learning to scientific computing. Golem’s limitations are only defined by our developer community’s creativity. Golem creates a decentralized sharing economy of computing power and supplies software developers with a flexible, reliable and cheap source of computing power.
Golem enables users and applications (requestors) to rent out cycles of other users’ (providers) machines. Any user ranging from a single PC owner to a large data center can share resources through Golem and get paid in GNT (Golem Network Tokens) by requestors. Golem utilizes an Ethereum-based transaction system to settle payments between providers, requestors and software developers. All computations take place in sandbox environments and are fully isolated from the host’s system. Software developers are in the center of Golem’s ecosystem: Our Application Registry and Transaction Framework enable anyone to deploy, distribute and monetize applications in the Golem network.
WHITE PAPER: golemproject.net
ELFBTC - AELF - Long 720 TFBounce from 0.618 fib for entry, the fib line held as support.
Worth holding for a long time, elf coin has great investors.
Specialization: Decentralized Cloud Computing Blockchain Network
Website: aelf.io
Whitepaper: grid.hoopox.com
IBM monthly chart If history repeats itself, and if I am correct in liking how IBM is setting itself up , they should see a price dip below $140 by YE2016 then look for big rebound in early 2018 back above $175 at least. Its a long-term play, but if it sets up the its a nice gain.
