Global-e Online: Strong Price Action in Recent IPOA lot of recent IPOs have struggled, but strong price action has stood out in one particular firm: Global-e Online.
GLBE went public for $25 on May 11. That doesn’t provide much price history to analyze, but some patterns stand out.
First, the stock ripped to new highs in late June, then pulled back to hold its rising 21-day exponential moving average (EMA).
Second, notice how it bounced slightly above $51 on July 6 and 8. That was the high on June 16, which suggests old resistance has become new support. Previous stair-stepping occurred around $33.25, $35.75, $39.50 and $45.
GLBE is closely associated with Shopify , helping smaller businesses compete globally. Revenue more than doubled in the last year. The growth story could be especially interesting, given its access to this immerse but fragmented market.
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Ecommerce
$AMZN breakout @ $3500?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
I hope everyone is enjoying their 4th of July weekend, you know everybody at the @SimplyShowMeTheMoney team is.
Nobody is arguing with Amazon's performance in the market in the last several years, the multi-facet company is continuing to dominate the industries they touch in 2021. Amazon ($AMZN) has a lot to look forward to in the next few weeks, most especially this coming week. Current CEO Jeff Bezos is expected to step down tomorrow, July 5th. Bezos is expected to maintain a large roll in Amazon's operations, moving to the roll of Executive Chair; Bezos will act as a special advisor to incoming CEO Andy Jassy.
Knowing Bezos will remain at large on Amazon's Board of Directors allows the corporate giant to turn a new leaf as a company with this transfer of leadership. It is no surprise Amazon broke through a $3500 resistance this past Friday with this news trending, but the company also has quarterly earnings reports to look forward to July 29th. They are expected to achieve a 12.21 EPS, but investors know that Amazon has a tendency to smash expected earnings; this trend being true these past four earnings reports.
The breakthrough of a $3500 gives Amazon room to run the rest of this year. A long term bullish trend is apparent, this trend started in March 2020 when Amazon was trading at a share price of $1500. Jassy taking over as CEO paired with another expected smash-hit earnings report could give Amazon momentum to smash through
the still-seen $3500 resistance level, and eventually push a $4000 share price.
My team is seeking an entry this coming Tuesday, July 6. Our price points are as follows:
ENTRY: $3500
STOP LOSS: $3150
TAKE PROFIT 1: $4000
Be sure to follow me @bigshotrob for future updates and posts.
Check out my team over at @SimplyShowMeTheMoney
Members of our team are followed there.
AMZN the no-brainer stock.In today’s post, I will be covering Amazon($AMZN). I am sure you all have heard of the company due to do its reign in e-commerce. However, that is just a drop in the bin. I believe that cloud computing, AWS, is the main driver of its net income. I will not get into specifics but they are powering big-name players like; Netflix, Twitch, Facebook, LinkedIn, Twitter, etc. Along with their e-commerce and cloud computing, they offer one of the best streaming services that will soon be broadcasting global events such as NFL, Premier League, and more. Additionally, they own a large market share in gaming and audiobooks through Twitch and Audible. Did I forget to mention they own Whole Foods, an outlet for retail distribution?
They are revolutionizing everything they do while providing low prices to consumers, one of the main reasons I think they will not be broken up. However, today’s headline, “Biden Weighs New Executive Order Restraining Big Business” (WSJ), brings some skepticism. Regulation in various facets is their biggest headwind. Nonetheless, even if they are broken up, you would still want to own the previously mentioned businesses in isolation.
As seen in the image, the company has been trading in a range from 2900-3500 (Red/Blue horizontals) for about a year now, while the rest of Mega-Cap Tech (Microsoft, Apple, Google, Facebook) has steadily made all near all-time highs. I think it is on the verge of a technical breakout (breaking out of the previous trading range) as they continue firing on all cylinders and growing the business vertically and horizontally.
In the world of finance, I often do not like to make decisions in isolation. That being said the conjugation of all previous factors provides a decent investment thesis. It is currently around $1. 74T. I think it will, sooner than later, cross the $2 trillion market cap, (+12%) that competitors Microsoft and Apple smashed. Could you imagine a world without Amazon? It wouldn’t be better in my opinion and I do not see that changing in the near future. In the long run, the companies growth will slow and the company will transition away from reinvestment to shareholder distribution (dividend).
Con: Regulation + Tech Drawdown + Treasury Rate Increases
Pro: Businesses + Technical + Smart Money
Alibaba warms the engines for a full-bodied climb ?According to algorithmic advisor Market Miracle $BABA is ready to rise again.
In fact, an input signal was produced at a price of USD 211.06 for a target of USD 235.59 or a potential profit of 11.62%
According to the reference sites that I follow for the fundamental analysis, Alibaba is a healthy, well capitalised company that has no particular risks and is below the fair price of about 32 %.
Both the reasons of which I am have made me interested to the Stock and analyzing it from the graphical point of view I would expect a price action similar to that one from me imagined on the diagram.
I will definitely take positions on the title in the next few days.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
BABA - 1D candle - Long Above 220$ BABA can interest me for a cute swing.
This stock is a strong company, with good Revenue, future prospects and technological innovations.
China’s e-commerce is testing a critical point in the graph as it reaches its rising trend line, outlined from the start of its IPO.
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Recent News (Fundamental):
* It announces that it will produce robots that will enter the Chinese economy.
* It announces that it will start producing electric trucks.
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The average analysts' rating by "TipRanks" is positive.
With a consensus of 25 buy recommendations right now!
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technical analysis :
Above price 220$ it will prove that it breaks the descending triangle
Under 195 I would less recommend holding it
PT1 - 268.50$ (Conservative)
PT2 - 297-300$
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* For traders who like to measure price levels with Fibonacci, it appears for you in the graph, from the highest price to the price at which the stock is currently
* There is no recommendation, you are big kids, do your research .. I just share with you my trading ideas
* Let me know what you think, your opinion is important to me !
Alibaba is in the zoneA market capitalization similar to what it had in January 2020 despite growth, a greater presence of e-commerce and good future prospects in various sectors.
In trading area according to the volume profile since October of last year.
In long-term uptrend.
It is closing a triangle, from my perspective it would be close to looking for a breakout.
MACD hitting the bottom, announcing a reversal signal.
It has strong support around $ 210-200.
Resistances at 250, 270 and 300.
Sounds like a good entry point to me.
NYSE:BABA
Stag: trendlines broken new lines filled STAG ...what can we say technical about it.
The purple is a long term July '2017 trend line and the pink is a Aug '2018 trend.
We pass the 2017 trend line and are now touching, ever so slightly, the 2018 trend line.
We passed all resistance levels (long ago) and we are $3 a share away from the 50MA.
In the short term we expect some profit taking and a pull back but with the limited supply of large industrial spaces (suitable for ecommerce or distirubtion) we don't see a problem keeping these levels in tact.
Happy upside trading on STAG
WMT 1Q Earning Target 2021WMT flopped its fourth quarter earnings in 2020 announcing -.74 cents a share. I expect a report with a lot more strength with integration of E-commerce into it online store models as well as less fear surrounding COVID-19 creating boost in sales. With only 1% of shares floating short, The slow grind up, which has been evident since the middle of March, is likely to continue without any strong resistance. Being the largest retailer in 2019 boasting 523 B in sales (NRF.com) doubling AMZN sales, this stock is a solid frontrunner as we move into a post pandemic economy. The NFP report on April 2nd of 916k (almost double the previous month report) compared to the 652k estimate is also encouraging as this could lead to more consumer spending. Still to come this month are MOM retail sale reports on the 15th and 16th which will could potentially back this thesis. Furthermore, with the market creating new highs quickly, there could be a tinge of uncertainty or heightened volatility as the rally hasn't really had much catalyst other than jobs, but with WMT's Beta of .47 (Zachs) this stock is relatively safe. With a debt to equity ratio at a 2 year low as well, this stock is definitely a strong buy in my opinion and I have set my post earnings target for 160 with this stock. This would be an all time high and about a 2% increase from current highs which is definitely within reason all things considered.
BIGC: Searching for bottom (more pain or attractive entry?)I'm still somewhat bullish on NASDAQ:BIGC (been feeling uber bearish so going to post this long play for balance) Price is looking for support but larger market factors can lead to continued sell pressure. Accumulation is the name of the game here. Bearish divergence building since Dec. '21. Loose stop on this one. Targets and additional info on the chart.
Facebook Is Attempting a BreakoutFacebook has gone nowhere since August, but now the social-media giant could be squeezing toward a breakout.
The first interesting chart pattern is the descending trendline running along the November and January peaks. Prices are now challenging that line.
Second, notice how the 50-day simple moving average (SMA) tried to serve as resistance in late February and early March. But then the rising 200-day SMA emerged from below as support. (See the red and green arrows.) Prices are also breaking above the 100-day SMA.
Next is the $255 area. This was near the top on July 31, when FB gapped higher on strong earnings. That level was another source of support in the recent consolidation pattern along the 200-day SMA.
Finally, notice how MACD is now turning bullish for FB.
The fundamental story could also be interesting because advertising revenue has been strong across the Internet space. Additionally, FB is a member of Communications . That sector, created in September 2018, has broken out as other Nasdaq-heavy buckets like Technology and Consumer Discretionary remain below old highs. Thanks to advertising, Communications may offer the cleanest cyclical exposure of the three.
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E-commerce dislocation The main competitors of e-commerce, including Ebay, Amazon, MercadoLibre, Jumia, Square, PayPal, Pinduoduo, Etsy, Shopify, JD and Alibaba, are experiencing a major correction, some are touching crucial support levels, so there is the possibility of rebounding, but also the possibility of them falling further.
In any case, they continue to belong to a growing sector with future potential.
Support and Resistance for SHOPThe dashed lInes repersent some weaker support and resistance where I expect some price reactivity. The solid lines are historical supports and I expect for rejection or larger moves to take place off of. Lows have been swept up last week with large volume which could be a combination of short covering or confident buyers adding to their position. This is significant because it shows that despite the markets downturn, there is still some bullish activity in the stock. This stock has a beta of 1.56 so it will be generally more prone to market volatility. After a worse than expected Earnings report coming in at .99 a share (1.24 expectation) the stock corrected from its pre earning run up. From here a full retrace to 1204 which was a generally accepted price between buyers and sellers is possible. There is also the possibility that price runs back up to the gap at 1322-1335, this could be a very reactive area. Sitting under the December highs I would say that there isn't much of a bull bear bias for this stock quite yet as the market corrects and with the bad earning's report. Note that while Shopify is a leader in it's category- companies like e-Bay, Amazon, and Walmart all offer integrated e-commerce. Furthermore BigCommerce now offers their sellers a chance to directly market and sell their products on the Walmart Marketplace which could be huge for the brand.
SHOP - Nice bounce- going to $1460If you saw my previous post "SHOP- The Big Picture" then you would see that SHOP has bounced at one of my trend lines higher than I expected. I have followed this stock and made a lot of money on it since the $200's. I really think after Friday and the bullish close that we are going to $1460 were there will be resistance. Can we break through the 52 Week High recorded recently? That will be a major test. If it does pass $1500 the next peak will sell off so be aware of that.... GL!
Bull Flag (long)Ozon Could test $80 before the end of the month, if breakout is confirmed.
Personally going to buy June Calls ( Q4 Earning March 30 )
Strong Growth in Russia eCommerce and holiday season earning could make Ozon go Parabolic.
(Not Advice) , do your own DD, I am a novice investor.
$PART looking goodParticl is a eCommerce plateform Amazon-like that preserves completely the privacy of the trades.
Particl is PoS Bitcoin with Monero privacy
$PART is a privacy coin used for the marketplace and also used for the gas fees. $PART is also a gouvernance token.
When you see the market share of privacy coin like $XMR $DASH and $ZEC they worth more than BILLIONS marketcap you can see than $PART is truly underrated with only 14M mcap.
SHOP - The big pictureShop is having a great run, but a pullback is in the near term whether after even a higher spike on earnings or prior to earnings . These are the long term trend lines where the bounce from a pullback has happened over the long haul. I feel that somewhere between 1250-1300 will be the next bounce. Someone posted that it will pullback over 50%????? ah NO WAY! Even in COVID the lowest percentage lost was 44%. The only way that will happen again is in a market crash. So this is the big picture..... GL!