Earningsplay
COIN moment of truth COIN managed a nice pop on its somewhat odd news if a partnership with Blackrock. But let’s be honest, if it doesn’t gain earnings momentum and take the overhead resistance it will find itself back below $80 in a hurry. Lots of overhead supply and weakening fundamentals are a dangerous combination in this market.
UPST a long road aheadUPST has started to find a bid the last few days but the road ahead is filled with heavy bags. If the market continues higher the gap fill overhead is a decent target. Beyond that however UPST will run into near endless supply of trapped longs who jumped in on the growth mania. New money may enter with earnings this week but the slightest hint of problems and the lows are on deck.
BNTX will pop-up on next earnings dayBNTX will pop-up on next earnings day.
Technicals suggest the stock has been building a bottom the last couple of months. Now is well above the 50 day EMA and it is begining to challenge the 200 day EMA.
The P/E ratio and Forward P/E ratio are in the low single digits.
I expanded my position when BNTX crossed above the 50 day EMA.
Bullish- Watching Closely Keeping a close eye here on CRWD heading into earnings on 10/8'. CRWD has been testing the $195.11 mark for quite some time now and just closed out the week reclaiming its 20-Day SMA. Additionally, it would look like a smaller ascending triangle is forming within a broader falling wedge, accompanied by some slight bullish hidden divergence on the RSI, Bollinger bands squeezing (Not Pictured), and an increase in buyer volume relative to seller volume- all points to a breakout coming. I will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Bullish and looking for a breakout from this wedge & triangle
--Previous Charts & Price Targets Attached Below--
PT1- $189.36
PT2- $187.64
PT3- $191.48
PT4- $195.37
UBER: Turnaround or bear market rally?Uber Technologies
Short Term - We look to Buy at 25.07 (stop at 21.38)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported better than expected earnings which is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Further upside is expected.
Our profit targets will be 33.86 and 36.00
Resistance: 34.00 / 45.00 / 60.00
Support: 24.00 / 20.00 / 13.50
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$FPI is coming up on the right side of its base!Notes:
* Strong up trend
* Not the best earnings record but the last report was really good
* Creating a base within a base
* Recently broke above historical highs of 14.42
* Increasing volume since the last earnings report
* Recently bounced off of the 50 day line with bullish price action and volume
Technicals:
Sector: Real Estate - REIT - Specialty
Relative Strength vs. Sector: 1.23
Relative Strength vs. SP500: 2.49
U/D Ratio: 1.25
Base Depth: 22.36%
Distance from breakout buy point: -9.29%
Volume 57.34% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just coming off of the 50 day line with increasing volume
* If you're looking for a better entry you can look for one around the 14.42 area as that should serve as support moving forward
* This stock usually has local tops when the price closes around 18.47% above its 50 EMA
* Consider selling into strength if the price closes 18.27% to 18.67% (or higher) above its 50 EMA
* The last closing price is 4.8% away from its 50 EMA
Is $MUSA ready for another run?Notes:
I last mentioned $MUSA on July 7th, 2022 and since then it has run up more than 12% hitting our target.
Since hitting our target $MUSA has been in an orderly pull back to the broken resistance of $262.58 and testing that as support.
* Ideally, this should now hold above $262.58 in order to stay constructive. A daily close, or two, would signal weakness.
Now that earnings are out better than expected we may be able to expect another run up.
Everything else remains the same as my previous post.
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 2.36
Relative Strength vs. SP500: 3.75
U/D Ratio: 1.27
Base Depth: 19.38%
Distance from breakout buy point: 1.66%
Volume 19.89% above its 15 day avg.
Trade Idea:
* You can enter now since the earnings are out of the way and it's bouncing off of support with higher than average volume.
* It may also consolidate for the remainder of this week so if you want a better entry you can look for one around the $262.58 level
* This stock usually has local tops when the price closes around 14.62% above its 50 EMA
* Consider selling into strength if the price closes 14.42% to 14.82% (or higher) above its 50 EMA
* The last closing price is 7.35% away from its 50 EMA
Might be a Bearish day on GDP newsHey guys,
Just and trade idea on the back of a massively strong day which nearly always gives it back the next day so i wouldn't be a buyer right now. I'm more on the side of shorting for another down day before the markets go to the higher long term down trend boundary. We have GDP numbers coming out and I don't see how they will be good must likely negative and recession confirmed hence why the white house wants to change the definition. Apple and amazon earning are the only wildcards, they could pull the market higher as most of big tech have rallied after earnings.
The VIX & VXN both look ready to blast higher tho charts below. This gives me more of a downside bias and with 3-1 risk to reward worth taking.
Please like and follow for more ideas and trade setups
DUOL Overview and Prediction
In the most recent two-quarters, DUOL has sold off ahead of earnings and then rebounded sharply after reporting earnings beats. Coming into this quarter price action is reversed. DUOL has experienced a strong rally from a quarter ago, clocking in over a 50% gain from the lows of their Q1 2022 earnings in May. This bullish short-term momentum might just be stomped out by this quarter's earnings.
The technical picture for DUOL is somewhat poor, especially in recent trading days. The support trend line has held nicely with three consecutive touches and rebounds. However, with a major event coming up (earnings on 8/4), DUOL may slide well below this support trend line and revisit support zones at/around 84.8, 75.4, and 66.55. The recent bull run makes me increasingly confident in this thesis, as earnings would have to be out of this world positive for any substantial upside gain in my opinion.
Fundamentally, DUOL appears weak. Simply put, Duolingo is overvalued and generates negative profits. There are way too many macroeconomic/geopolitical issues for tech and growth to perform well (at least for the coming 2-3 years). The idea that DUOL, an IPO with no earnings and expected revenue for this year at 267 mil should be valued anywhere near 4 billion dollars seems a bit foolish.
Duolingo's weak technical and fundamental health combined with an unprecedentedly problematic global macro picture prompt me to predict the following: It is a matter of time until this stock falls and eventually forms new lows. It may not be this quarter's earnings that trigger DUOl's stock to move lower, but it will happen eventually... unprofitable growth is the wrong place to be in this environment.
As always this is not meant to be trading advice. Good luck!
AAL short - UPDATEUpdating my AAL earnings idea:
As you can see, we got a confirmation of the described scenario.
It was acceptable to sell intraday using the VWAP pullback point.
Also on the second day we got something similar to a flag, which has worked out.
But of course, being in a position already on the first day, I would not add on the second day.
CTRM - Castor Marine ER playCastor Marine MC is less than half of assets. Meanwhile, they have record revenue and profits Q over Q and Y over Y. In short, they're making a killing. They ended their ATM in June. There is no need to raise additional funds and can easily make plays for additional vessels with cash flow. The company is likely considering dividends at this point and should be coming by early 2023 (latest), if not in Q3. Longer term descending triangle in play with termination near early August ER. MAs getting tightly packed and average volume has slowly decreased over the past 6 months. Bottom is in and looking to break out and fill gap above between $6.03-7.20.
Where will MSFT go next? Just having fun......First time publisher and amateur trader..........
Its time for MSFT earnings and with the combination of inflation, global economies, ongoing wars, food shortages, recession fears, supply chain issues, new Covid mutants, and regular old P/E predictabilities, it seems like a crazy and unpredictable market, HOWEVER, its fun to play and pretend like I can guess price movement, so I decided to publish my first Idea about MSFT. Any comments or advice is welcome in good taste.
Lets pretend for a moment that we did hit some sort of bottom recently............
No Crystal Ball Here!
MSFT seems like they are distanced enough from the social media AD pressure + have enough diversity with Azure to dodge the computer sales impacts, BUT I think that the next big price movements will rely on good earnings with positive forecast (obviously). The 10:1 volume for buying last weekwas especially reassuring and I think MSFT will remain in an uptrend for the next couple of weeks. We are right at the 200 day moving average. There is
good resistance at $250 and $255 and I think that MSFT will try hard to stay above $250 no matter what. Part of BIG TECH, found in VALUE Etfs, doesn't
rely on advertising, and also has a near 1% DIVIDEND. I love MSFT these are my personal ideas.
These are just ideas and not professional advice or anything related to advice.
Safe trading.
Nice 3 day move in QQQsQQQs have had a nice 3 day move clearing its downtrend line. If it consolidates here for a few sessions and holds $300 area, will then look for it to then move towards next target area of $315. Next week will be crucial with big tech earnings (AAPL, GOOGL, META, AMZN etc.) along with the Fed
TSLA Tesla confirms strength on reportUpdating my TSLA idea:
After the report, tesla showed great momentum and I hope some have managed to buy.
Because any price around 780 could be a great entry point.
Now I would consider the 765 level as a good support that should hold the price.
Looking forward to further price movement!