Stocks/Technical - TSLATechnical Trade Idea for Tesla:
- The setup: Wyckoff structure in distribution, end of 2-Legged Pullback and a bearish Anti-Climax.
- Trigger: Close the daily in a hammer.
GLHF,
DPT
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TECH
SPYR Tech - Approaching Key Support- SPYR Tech has lost more than half of its value from it's 52-week high of .23 on March 16.
- SPYR is approaching a support level of .08 and I am expecting to see consolidation before we make a move higher.
- It is more likely than not we hold this support level given the recent bullish newsflow and improving fundamentals of the company. IMO
Where Is The Tech Sector Headed This Week?I would love to say I'm Completely bullish on this. The chart shows consolidation at a key level, which could mean we will breakout to ATH's soon. However, the RSI just broke an important trend line and is near the top line. In addition to that, we have many more earnings dates this week, which could be a bearish sign. I think the most likely outcome here is more consolidation. Last week was a major earnings week and we didn't take too big of a hit. However, I would remain mindful of the fears of inflation and the bearish RSI formation. Good Luck!
Facebook bullish ER runup planNYSE:TWTR NYSE:PINS NASDAQ:FB Facebook is currently looking GREAT for a rally. It is currently bouncing off 200 EMA (very strong support), at .236 fib level (bounce region?), potentially breaking out of the bull flag pattern, 6 oscillator bullish divergence, AND Earnings on Wednesday? I smell GREAT chances for a rally especially with a lot of other Tech and social media stocks having earnings this week. This should be a great week for social media stocks like Facebook and tech stocks in general. Currently in a squeeze but I am expecting that we are flying on release. Planning on buying a few calls on monday, and playing the ER run up. Good luck to anyone thinking about hopping in! Lets make some money!! If you liked this, follow me on twitter to see all my new TA @greg_trades_
Snap Inc Before Earnings Snap Inc. is expected to report earnings on Tuesday after market close.
The report will be for the fiscal Quarter ending Mar 2021 .
Right now we have small pullback before the earnings , snap reach to 65$ and created double top .
Between 60$ - 65$ channel we can see very strong resistance (double top) ,there we have the downtrend Fib 50%-61.8% from Feb.
we may see pullback until uptrend Fib that located at 64$ - 67$ channel , Ema's 20 / 50 act as Support in the short term , If the price will go down to this levels and pushing up with good Support that will be Entry 1
If the price go above 65$ this will be Entry 2
T1 - 67$
T2 - 71$
T3 - 74$
T4 - 77$
* There is no buy / sell recommendation in the aforesaid ,
BIG TECH FAILING? (AMZN)Amazon appears to be stalling at the highs. As the sp500 moved higher big tech seems to be stalling out at the highs. This is usually a very good sign that a major market crash is down the line (this year).
Over the next few motnhs we are going to see huge swings/volatility in the market and amazon is going to lead the way imo.
I will be looking to short the tops and only potentially buy the dip if it is at major weekly demand zones lower.
Short bias for now Ninja's! :)
QQQ slide SQQQ rise We are what looks like a perfect setup for an SQQQ rise which would mean a QQQ decline.
Currently it's been trading in a descending wedge and about to cross over on the daily MACD.
This is followed by low RSI and and some near term gaps that need to filled.
I think the question is how far does the NASDAQ have to decline again for these gaps to be filled?
Could have another small decline tomorrow or we could start a reversal next week... who really knows
Looks like a nice set up to possibly take advantage once there is a clear breakout.
That's all folks.
Good opportunity for a Day-trade "long"Hey guys,
as you can see we have already tested the MA50 successfully on Twitter. I expect the same confirmation for today since we are in a perfect position for a long rebound from the MA50.
Also we have that support line that gives us a good chance to see rising prices for today.
Wish you all a good day!
🔹 $AAPL 1D Technical Analysis PT 128 than 140🔸 $AAPL 1D watching for a pull back right here price target 128 & bounce off 128 to break the bull flag & Wave #5 breakout. Looking at puts to ride it down to 128 this week. RSI overbought also & gap down below @ price target. After we fill the gap down below I am looking at to scale in calls for Earnings Run Up as well as Wave #5 PT 140.
🔸 Price Target 128 anytime this week
🔸 Price Target 140 2-3 Weeks, Earnings Run UP & Wave #5.
Viacomcbs Inc - Long Opportunity Buy at $40 - stop loss at $38Fundamental Point of View:
ViacomCBS has recently featured heavily in the news due to it's $3bn stock offering, resulting in a large sell off which has had a role to play in the misfortunes of some hedge funds. Ignoring the misfortunes of Archegos Capital Management, ViacomCBS successfully raised $2.65bn at $85 a share. ViacomCBS now has a significant opportunity to pursue it's aggressive strategy to compete with the likes of Netflix and Prime.
Technical Point of View:
I've labelled levels of strong support and resistance on the chart and what becomes apparent is that the sell off witnessed over the last couple of weeks has stalled at a very significant level. This level is where strong, historical, horizontal support intersects the corona recovery line of support. This presents the perfect risk vs reward opportunity of a bounce back up to prior resistance. The three price targets highlighted are recent areas of support that were broken and are now acting as resistance. Price target two lines up perfectly with the Fibonacci retracement level of 0.5,therefore if a bounce occurs i am looking to take profits at this level.
Buy in the range of $40 - $41 with a tight stop loss at $38.
At present i am not in this stock but have entered a buy order at $41.
$TYLStrong support on the trendline & 200dMA(blue). 20dMA (green) crossing upwards through the 50dMA(red) which is medium term bullish signal. Our STOCH is hanging around in oversold territory currently & just recently has a nice hammer candle.
Some DD - Tyler Technologies just recently acquired ReadyStub, which makes scheduling software for school districts. ReadyStub works with approx. 1k school districts across the United States & TYL already has 2k school districts as clients.
Some would say TYL is significantly overvalued, but the long term return of this company I love. Its projected to grow 10.78% annually over the next five years. They have strong financial strength with a good cash to debt ratio and interest coverage. They are at 30.47 which is better than 75% of the companies in the software industry. $TYL has been profitable 10 times over the last 10 years. Over the past 12 months the company has had a revenue of $1.1 billion dollars. Its operating margin is 15.49% which ranks them better than 82% of the companies in software industry.
This is not financial advice, I am not a financial advisor. This is solely my opinion.
AMZN to move into a bear marketAmazon stock has largely been trading sideways for the better part of 5 months, I've noticed this symmetrical triangle pattern which failed to break to the upside on February 2and. On February 25th a daily candle closed below the trendline support of this triangle. After a fall down to 2878 AMZN will likely look to retest this trendline as resistance. If we breakdown again or come up short of the trendline this could provide a good opportunity for a short trade. The expected measured move of this triangle is 24.61. My target for this short trade is 25.25 as I expect this to be the next place of decent support that is close to the measured move of this triangle breakout. I will set a stop at 3376. I will enter this trade between 3166 and 3209. I'm seeing a lot more potential short trades on FAANG stocks, even though everyone is patting them selves on the back because of higher highs in the broader market. I don't think we are out of the woods yet!
DDOG possible patternDDOG has broken its recent downtrend and it appears to be repeating a cycle annotated on the chart, MACD, RSI with white trend lines where it should test its previous resistance. DDOG got caught up in the IXIC / NDX sell-off but appears to have significant support at the $75 level.
Might be a decent short-term trade if it passes the RSI test at 50. Fundamentals aren't too great but the chart looks good, growth is high, and it has beaten expectations on earnings the last 4 times. Earnings on 5/11.
Its EV-to-EBITDA is ridiculous but if you like to trade off chart technicals this is looking very attractive at least in the short-term. Being underloved & underappreciated in the space is another ace in DDOG's corner as some attention on the street or from a Cathie Woods type could send it flying. The real question is, will fundamentals actually start to matter?
AppleMission:
Apple’s corporate mission is “to bring the best personal computing products and support to students, educators, designers, scientists, engineers, businesspersons and consumers in over 140 countries around the world.”
Recent News:
1. Apple’s Independent Repair Provider program will soon be available in more than 200 countries, nearly every country where Apple products are sold. Launched originally in 2019 and expanded to Europe and Canada last year, the program enables repair providers of all sizes access to genuine Apple parts, tools, repair manuals, and diagnostics to offer safe and reliable repairs for Apple products. There are now more than 1,500 Independent Repair Provider locations serving customers across the US, Canada, and Europe.
2. Apple unveiled a new self-paced professional learning offering, Apple Teacher Portfolio, to help educators bring creativity to every lesson and any subject, no matter where learning happens. Apple is also providing updates across its Schoolwork and Classroom apps and the popular Everyone Can Create curriculum, which take advantage of the latest features of iPad and Apple apps.
3. Apple’s newly completed renewable projects, part of the company’s planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable energy over the last year in Nevada, Illinois, Virginia, and Denmark. Apple’s Green Bond issuances are among the largest in the private sector.
-Source: apple newsroom
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