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General Electric - contrarian buy?NYSE:GE is not the stock you probably want to own given all the heat experienced by the company recently. But from contrarian perspective, nice levels right now to attempt speculative buy. Price retraced by 61.8% of previous bounce and is holding the line of previous resistance. Today may be the third daily candle when 7.8 is held, indicating that good support zone might be formed at around current levels. Trade: stop at 6.39 (previous low), target at ~13$
NYSE:GELong
by Silvestrov
Coty - turnaround ahead?For a very long period of time NYSE:COTY was a troubled company with deteriorating fundamentals. However, right now, it is trying to transform itself and improve both financials and position in the market. Top management really believes in turnaround, insiders purchased around $100 million in stock last year!!! And now it looks like stock might be finally ready to go much higher also from technical perspective. Large inverted H&S in the making, and strong breakout of bullish flag yesterday. Volume also supports higher prices ahead, (you can see that on up days it is much higher compared to down days). So low risk entry at current prices with stop just below recent lows might yield very good investment returns. I am buying.
NYSE:COTYLong
by Silvestrov
$ZM On The Verge Of A BreakoutIf $ZM takes out yesterday's high of $77.78, we think we are in a for a nice rally. $ZM is 28% off its 52-week highs. Zoom Video Communications, Inc. provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting. It serves education, entertainment/media, enterprise infrastructure, finance, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries, as well as individuals. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. Zoom Video Communications, Inc. was founded in 2011 and is headquartered in San Jose, California. As always, trade with caution and use protective stops. Good luck to all!
NASDAQ:ZMLong
by InsiderFinancial
NFLX - Short Term Bullish - Melt Up & 2 Analyst UpgradesNFLX just had a bullish EMA cross and price cross above 10WeekMA. There is a decent gap to fill from $340-360. Yesterday there were 2 separate analyst upgrades with $400+ target. www.marketbeat.com I have been using vertical put credit spreads last two days successfully for $80-$100 each time on single put spread. Easy income. Put order today, profit tomorrow. My play here: Either one or both. 3-Jan 330/335 put credit spread for $2.85+ credit 27-Dec 330/335 put credit spread for $2.70+ credit Keep this for a day or two max. Buy back at $1.30 or less. With the current trend, we should be able to play this for a week or two. :) Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
NASDAQ:NFLXLong
by MoneyPatterns
4
GBTC / BTC - Consolidating in Wedge TipGBTC and BTC are consolidating in the tip of the wedge everyone is watching for months. I was able to get some fill orders on GBTC for $8.55. I have other wishful orders scattered below $8 (just in case). RSI is already low and suppressed for some time now. MACD is showing signs of flipping on Daily, but is not there yet. Multiple gaps to fill above price. Price crossing red zigzag (10WeekMA) will confirm uptrend. Just to give hope to some people who HODL if you miss a selling opportunity. I was able to reduce my cost basis and pick up 531 extra shares in one account by re-buying and selling on the way down. If you plan to HODL what I did: -2000 shares....sell half in 200/300 increments on up ticks. -I waited for pullback and bought using 500 share orders. (1000 share order would not fill). -Doing this 3 times helped me gain 25% more shares while offsetting losses as I do not exit BTC during halving events. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
GLong
by MoneyPatterns
4
GDX - Bull Flag on Weekly - Waiting for Bullish Trend to ConfirmI will update once the trend on Weekly turns bullish on GDX to confirm entry. Not entered GDX is bullish in pattern formation currently. We are at the end of the bull flag pattern. Ready for next leg up. Price recently crossed 10WeekMA which confirms bullish trend. RSI trend has also consolidated similar to price pattern. Longer Weekly RSI trend (yellow) is bullish. Intermediate term trend (white wedge) is bullish breakout pattern. I am waiting for Weekly trend to confirm bullish trend for entry. Market is too fickle for early entry. I will update once I see the Weekly trend turn. If anyone wants me to take a look in between chart updates, contact via PM. No problem. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
AMEX:GDX
by MoneyPatterns
2
GDX - Bull Flag Breakout - Weekly Bullish Trend FlipOn Weekly chart shown, GDX formed a bull flag and is ready for breakout. Price went outside wedge and retested 10WeekMA/outer wedge of triangle - looking good. Buy signal on today's Daily candle. Weekly candle still on buy signal at end of long bearish trend. Weekly rend shows next flip is Bullish. Next Daily trend flip is also Bullish. RSI trend is also forming bullish wedge pattern. Same level as Bull Flag breakout beginning. Gaps to fill (red boxes) line up with 1.618 Fib extension. If SP500 sells off or VIX spikes, then I expect GDX to get bullish. EXITS $34 (top gap fills) RSI over 70 Giant cup formation (pink curved line) can only be seen on 19D chart or greater. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
AMEX:GDXLong
by MoneyPatterns
BTC - Buy Zone Getting Smaller - Get It While You CanBTC showing several bullish signals going into the turn - up into halving. Cross of 10WeekMA will confirm bullish trend upwards to retest previous highs $11K+. Buy zone is getting smaller which is a good sign. Bullish RSI Divergence and next trend showing bullish confirm we are in a turn. Capitulation dots show we are towards the end of the downtrend - almost at bottom. I think based on the pattern, previous repetitive chart history, halving, and stock to flow - WE GO UP. PlanB - 12/3/2019 "Getting some questions about why in previous halvings (November 2012 and July 2016) it took well over a year for the market to start surging.. Well, it didn't .. look for yourself: in the chart the halving is when blue turns to red: the market immediately rises after a halving" See chart in link twitter.com Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY , AAPL, ROKU
BITSTAMP:BTCUSDLong
by MoneyPatterns
5
GBTC - Confirming BTC Bullish Reversal IncomingGBTC confirming BTC chart bullish reversal coming soon. RSI is low, almost at 30 where it always pops shortly thereafter. Fisher Transform ready to flip, same as BTC chart. Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart. Gaps Only down gap to fill (red box) is cut off by log support line which has over 20 points of contact. Either we hold log support or go roughly 30% below support to close the gap. I feel this is highly unlikely, especially pre-halving. All yellow boxes are up gaps to fill, implying we go up from here. Price Price is chillin on flat support of wedge. Additional angled support/resistance combo line adds to support. Cup and handle is rough here, not mathematically precise with handle at .618. But still fits the wedge, price, and pattern. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
GLong
by MoneyPatterns
JKS - bright future for solar ahead?With ongoing worldwide trends towards clean energy, there is good potential for solar sector to shine in the years ahead. After rather significant selloff recently some ideas are trying to put a bottom finally, and NYSE:JKS is one of them. Good earnings released today and breakout through neckline of inverse H&S provide initial signs of reversal. I entered position on breakout today, and plan to hold as one of core holdings for next year, with some short-term trading in and out.
NYSE:JKSLong
by Silvestrov