TECH
AAPL a long-term add from this areaAAPL is forming a nice falling wedge after weeks of downtrend. Should the 119 area continue to hold, this area is attractive to add long shares and leaps. Below risks a re-test of 116-117 area.
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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FSLY update on the trndStill have not entered. No confirmation for me quire yet.
It doesn't hurt to wait and be patient and not proceed too FSLY, unlike that poor container ship captain! Someone is probably gonna suez asz
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AAPL break soon?Its been a very choppy market with some uncertainty. Many containers full of iphones stuck in a wedge will now possibly break out as did the ship. Will they get to their destination?
Above the trend line I am entering! Cheers.
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SNAP must hold the line!The bear flag hit our price target perfectly, so perhaps the worst is over.
Historically we've had some serious support at $49, so we should be able to stay above this level.
If we break the support level and then break down from the falling wedge, then we can expect to fall further toward the 200d MA.
If we stay within the falling wedge, we can remain bullish.
Apple Reversal ?To be honest, i am not sure if we have an inverse head and shoulders or a triple bottom on the 4hr chart for apple. But both demonstrate that a possible reversal is coming. I am leaning more towards an inverse head and shoulder given the head being slightly lower then the other points.
Resistance looks to be at 125-128 so, if we can break 125, I expect to see 140 in the future and then maybe a move higher.
CSCO over 50.00Great looking weekly and monthly charts with a double bottom/rounding bottom that it is just beginning to break out of. Eyeing Jan 2022 50-55c.
OPEN over 28.86Great looking chart with strong volume coming in the previous session, so far forming a hammer candle on the daily, looking for a move to re-test the 35.00 area.
Bear Flag for Netflix Could see a 5% swing to the downside over the next week.
Might hit the bottom of this descending channel that we're in, which would be around $480.
We're also below the 50d MA, so I would be cautious.
Reverse head & shoulders for APPLE?If we break the neckline (green line) and then cross above the 50d MA then I would consider going long.
If we do not break that neckline at any point, I will remain bearish.
NASDAQ and Tech at CrossroadsFriday should be important in determining the direction of tech. RSI and Stochastics are in oversold territory and price has found support at the bottom of a down channel. This could be indicative of a potential reversal. If this reversal plays out, an inverse head and shoulders pattern will have formed- potentially leading to even higher price movement. On the flipside of the coin, if price breaks down at this current support level, we could see a retest of the March 5-8 lows.
*Personally am leaning to go long, but always wait on price action for confirmation.
Head & Shoulders, MACD reversing on all time frames upwardsGot that head & shoulders, as well MACD is heading upwards on all time frames. Today would be a make or break, but the Fed isn't going to raise interest rates for a while. I could see it heading up to 800 - 900 resistance area, however will want to consider how Volkswagen can impact sentiment on Tesla. I just swing trade so looking for around a 30% gain in the next month or so, watching tech though because that can cause worse performance.
'' The Green Apple"Over the recent days, we have seen a small correction bringing us back to previous support levels.
As the overall Tech-Sector took a hit, bringing apple down from a high of 145 to 124 approximately 14.5% at market close,
Most of the stocks started to show signs of a recovery.
Leaving us with a potential opportunity to get a few positions set.
PENN - trade idea PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion.
I expect a pull back slightly this week with longer term upside, I would estimate that PENN will pull back to the 0.5 level (118.86) and then turning around to continue higher.
Short term meaning one-two hour charts.
Always do your own analysis prior to taking any trade
this is for educational purposes and not investment advice.
VISL chillin in historic channel, where will it break?Will we finally see VISL break up and out of this channel? It's been a relatively consistent area of support/resistance. With several potential catalysts to consider here (5G, general broadcast, telecom, esports) it will be interesting to see if these tailwinds act as a stronger catalyst.
"While it will likely focus on some as it relates to 5G penny stocks, esports could be another facet to consider. If you sift through some of the company’s blog posts, you’ll notice that Vislink’s partner, NEP Sweden, covered the “BLAST Premier Spring Series” last year. This is an international esports event featuring the world’s top esports teams competing in the first-person shooter game series Counter-Strike...NEP filmed the event using Vislink’s HCAMs feeding into a ULRX-LD all controlled by Vislink’s FocalPoint Camera Control System. While no further esports-related updates have come about from the company, a surge in the excitement surrounding esports could be something to take note of."
Quote Source: Hot Penny Stocks To Buy Now? 4 To Watch After Roblox (RBLX) IPO
IXIC Overbought Checked out some monthly charts this morning before market. IXIC overbought on the RSI, Stoch 14/3/3, and on the Madrid Bull/Bear sentiment. Still trading quite a ways above the 50 day MA and the most recent support level in monthly view of 10900. Seems unlikely that the recent selloff will do enough to bring the index back to normal ranges. Further indications that more downside is coming in the tech sector.
