nasdaquri, anyone? its lime flavored.technicals have proven heavy selling is leading to countertrend movement. were getting lots of rate of change bullish signals daily indicating a trip toward supertrend, but longs really want to position themselves with momo in the index. daily highs breaking and holding .5 of the bounce would be good signs.
Technology
11/8/22 ATENA10 Networks ( NYSE:ATEN )
Sector: Technology Services (Information Technology)
Market Capitalization: $1.352B
Current Price: $19.03
Breakout price: $19.10
Buy Zone (Top/Bottom Range): $18.20-$16.80
Price Target: $23.00-$23.50
Estimated Duration to Target: 107-116d
Contract of Interest: $ATEN 2/17/23 20c
Trade price as of publish date: $1.45/contract
CRWD | Good Entry Point | Swing TradeCrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners. It serves customers worldwide. The company was incorporated in 2011 and is based in Austin, Texas.
AMD is a strong short-term BuyAdvanced Micro Devices (AMD) has been practically consolidating since the October 13 Low. As the long-term trend has been bearish within a Channel Down pattern since the November 30 2021 Market High, the current consolidation following the rebound on the (dashed) Lower Low (diverging) trend-line can be seen as an Accumulation Phase preparing for the next bullish leg to the top of the Channel.
As you see all previous legs within the Channel Down have been following a certain pattern. After a (near) 30.00 1D RSI reading, and a MACD Bullish Cross, the price rebounds to at least the 0.618 Fibonacci retracement level. That is currently at 85.68 buy is outside the Channel Down, so we will settle for a Target within 73.50 - 77.50. Only a break above the 1D MA200 (orange trend-line) can be considered a long-term trend change to bullish.
See how the 1D MACD prints Higher Highs and each break above the Pivot is larger. More or less this is consistent with the price breaks above the 1D MA50 (blue trend-line).
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Technology Sector May Face A Rally SoonHello traders and investors, today we will talk about two technology stocks GOOGLE and META (Fcebook), which can be finishing final 5th wave from Elliott wave perspective.
As you can see, technology sector suffered the most in the last year, but what is interesting is that both GOOGLE and META can be now finishing a five-wave cycle from the highs. In Elliott wave theory, after every five waves, a three-wave A-B-C correction follows.
We have just noticed some big gaps down due to earnings miss, but considering that Google and Meta are trading in 5th wave with a potential spike before a reversal, there's a high probability for an A-B-C rally soon.
A-B-C recovery will ideally show up now at the end of 2022 or at the beginning of 2023.
All the best!
Here's Why Marvell is a Great Investment OptionMarvell is a semiconductor company headquartered in Sunnyvale, California. It designs and manufacturers standard digital and mixed-signal integrated circuits solutions for various applications across multiple end markets. Marvell has been a steady performer in the semiconductor industry, with its stock price rising by almost 95% last year alone. It is also one of the most cost-effective micro-electro mechanical systems (MEMS) manufacturers with an exceptionally high return on equity.
Marvell is a Diversified Company
Marvell is a diversified company with a range of products across multiple verticals and applications. Its core business is semiconductor design and manufacturing, with its product lines also including storage, cloud infrastructure, wireless, wired connectivity, and industrial IoT. Marvell is also a diversified geographically, with a presence in North America, South America, Europe, Asia, and the Middle East. This diversification, along with its balanced product portfolio, makes Marvell a strong investment option. Marvell's diversified business model and product portfolio help to sustain its revenue stability, cash flow, and profitability through cyclical downturns in specific industries. In addition, a balanced geographic presence helps to reduce the risk of a single-market setback, such as a trade war, or a currency fluctuation.
Marvell has an Exceptional Return on Equity
A key indicator of a great investment option is its ROE, which is calculated by dividing the net income by the total equity on a company's balance sheet. Marvell's ROE is exceptionally high at 25%, which is one of the highest in the semiconductor industry. This high figure shows that Marvell is able to generate a lot of cash from its equity capital through its operations. This shows that Marvell has a very strong business model and can be expected to generate consistent growth in its stock price over the next few years. ROE is a great metric to identify strong investment options because high figures indicate that a company is able to tap equity at low cost. This means that the company has a strong business model and can grow its equity without taking on a lot of debt. This makes Marvell a great investment option as it can sustain high returns without compromising on its financial health and other metrics such as asset turnover ratio and profit margin.
Marvell is a Solid ROIC Company
ROIC is a metric used to determine the financial health of a company and its ability to generate a consistent return on investment for its shareholders. It is calculated by dividing the company's net operating profit by the equity on the balance sheet. Marvell's ROIC is high at 36.77%, which is one of the highest in the semiconductor industry. This means that Marvell is able to generate a large amount of cash from its operating activities and is able to sustain its operations without external financial assistance. A company can generate a higher ROIC by reducing its cost of operations. Marvell has been able to maintain a low cost of operation through its innovative manufacturing processes and cost-saving initiatives. This has led to an increase in the company's net operating profit and a high ROIC. This makes Marvell a great investment option as its high ROIC shows that it has a strong business model and can be expected to generate consistent returns for years to come.
Marvell Holds Strong Partnerships with Big Brands
Marvell is partnered with leading technology and semiconductor companies to design and manufacture its products. The company's partnerships include Wistron, Intel, Samsung, Microsoft, and Huawei. These partnerships make Marvell's products more marketable and ensure its customers are well-served. This significantly reduces the risk of a decline in Marvell's stock price as the company's customers are less likely to switch to another vendor. These partnerships also enable Marvell to share best practices and learn from its customers to refine its products and services. This is expected to enable Marvell to sustain its growth rate and profitability. This makes Marvell a great investment option as its partnerships are expected to generate higher returns and minimize the risk of a decline in its stock price.
Marvell's Shrink Manufacturing Processes
Marvell has been at the forefront of the semiconductor industry through its innovation in the manufacturing sector. The company has pioneered the use of the shrinks manufacturing processes, making it more cost-effective and efficient than its competitors. This has allowed Marvell to expand its product portfolio and diversify its customer base. It has also allowed Marvell to increase its profit margins and sustain its growth rate over the years. This makes Marvell a great investment option as it is expected to generate higher returns and expand its customer base as its products become more cost-effective than its competitors.
Marvell Has Been a Solid Performer in the Semiconductor Industry
The semiconductor industry is a volatile one that is subject to market conditions and economic conditions such as economic growth, inflation, interest rates, and political developments. Marvell has been a steady performer in this industry, with its stock price rising by almost 400% in 2020-21. This makes Marvell a great investment option as it indicates that the company has been able to sustain its profitability through these volatile conditions and generate consistent returns. This is expected to increase the company's stock price and sustain its profitability over the next few years as well.
Marvell's Balance Sheet Looks Strong
A company's balance sheet is an indicator of its financial health and its ability to generate cash flow. Marvell has a strong balance sheet, with a debt-equity ratio of 0.7, an asset turnover ratio of 1.39, a profit margin of 15.67%, and a free cash flow of $460 million. This makes Marvell a great investment option as the company can sustain its operations without external financial assistance and generate cash flow to repay its debts.
An Excellent Track Record of Acquisitions
A key metric that indicates a company's ability to expand its business is its ability to make strategic acquisitions. Marvell has an excellent track record of acquisitions, with the last acquisition being Nautics to expand its presence in the cloud infrastructure sector. This makes Marvell a great investment option as its acquisitions have allowed the company to diversify its product portfolio and expand its customer base. This is expected to generate higher returns and sustain the company's profitability.
Solid Free Cash Flow
Free cash flow is a metric used to determine the profitability of a company. It's calculated by deducting the operating expenses, such as the cost of goods sold, and financing expenses, such as interest on debt, from the company's revenue. Marvell has a high free cash flow of $460 million, which is expected to increase as the company continues to grow its revenue.
Conclusion
Marvell is a diversified company, Marvell has an exceptional return on equity, Marvell is a solid ROIC company, Marvell holds strong partnerships with big brands, Marvell's shrinks manufacturing processes, Marvell has been a solid performer in the semiconductor industry, Marvell's balance sheet looks strong, and Marvell has an excellent track record of acquisitions. In short, Marvell is a great investment option and is expected to generate consistent returns over the next few years.
Free Cash Flow
Valuation Metrics
EPS Estimates & P/E
MRVL Financials
Long Rekor Systems REKR - micro cap tech, low debt, low float31 million share float. 20% short at time of post. book value quote $2.55 mkt cap 205m
Rekor Systems Inc is a United States-based company.
It is engaged in providing real-time roadway intelligence through AI-driven decisions. Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data.
The firm uses artificial intelligence to analyze video streams and transform them into AI-driven decisions.
Its machine learning software can turn most IP cameras into accurate vehicle recognition devices used to help protect lives, increase brand loyalty, and enhance operations and logistics
Its geographical segments are the United States, Canada, and Other, of which the majority of its revenue comes from the United States.
#ARKK reversing off anchored VWAP & 50dmaARKK still stuck in range of this bearish channel since bottoming in May. If you follow the anchored vwap from the recent high of the most recent rally, we are also starting to reject this Vwap. Additionally the 50dma is acting as resistance. Big resistance evident at $46
I think this will work itself lower and possibly retest the big horizontal support zone at $32-$33 in the coming weeks...
bounce loosing footing. tech first hit.the fundamental aspects of why weve bounced are still very much up in the air. this is causing uncertainty, and thats leading to profit taking. from a technical standpoint the rebound is strong, but if we zoom in we find momentum has not completed a reversal. id imagine this means we are in for a revisit of signal, estimate, sss ma and finally bottom of envelope. i wouldnt discount the potential for continued upside, but weve peeked into the sss supply zone and so far the resistance is quite strong.
SNAP May be an incredible buy opportunity based on Market PhasesSnap Inc (SNAP) hit new lows last Friday, completing a disastrous -90% drop from its All Time High (ATH). The stock market fundamentals couldn't be more negative and is the reason why the majority of the market is expecting the price to drop even more. Few are thinking to enter Snap here and who can blame them?
However based on Dr. Jean-Paul Rodrigue's infamous Market Cycle Phases, the stock may be an incredible buy opportunity on the long-term as it appears to be trading in 'Despair' territory, below its mean and at the end of its 'Blow off Phase'. The Public and Dumb Money started entering during the Mania Phase, which is dominated by Enthusiasm, Greed and Delusion. The 2022 drop has spread fear, the price capitulated and all that is left now is to reverse on investors' despair and return to the mean.
Does it look like a solid long-term buy opportunity to you?
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BABA MOMENTUM POSITIVEWeekly Chart - BABA
I am taking an interest in BABA here. It has been in a steep correction for well over a year and appears to have made a bullish wedge. What really has my attention is not only the price breakout above but also the momentum break. I may leave myself a little room and time here but I personally may take a heavier interest if it stays this cheap or drags sideways.
These patterns are great for trading the spikes but there are no guarantees. It's not uncommon to see a large spike up (15-30%) only to correct and go nowhere for weeks or months. A breakout does not guarantee profit.. but for me the reward outweighs the risk in this zone.
Let's see what happens.
Bitcoin will rally as the 2022 Christmas Rally Takes StartsGet ready. Bitcoin will follow Tech/NQ as the Reversion Rally takes place over the next 4+ months (probably lasting well into Q1:2023).
I expect Bitcoin to rally to above $29k - possibly reaching as high as $35k.
My research suggests the US/Foreign markets are about to enter a Reversion Phase (rally trend) after nearly 12+ months of global/US selling pressure. Bitcoin should follow the Tech/NQ Sector higher over the next few months.
We should be looking for confirmation of this bottom/base over the next 4+ weeks. We need to see recent lows hold up and a moderate rally take place before November 12th.
This could be a decent rally for the US/NQ/Foreign markets if the US Dollar slides sideways/downward.
Follow my research
$HUB.TA Jumps >20% after Bosch Collab, Tech Market Lags BehindWhereas September proved to be one of the worst months in the history of equities markets, the volatility and ongoing uncertainty October has delivered thus far has been little reprieve. One outperformer amidst all of the red is Hub Security (TASE: HUB), a confidential computing and cyber security disruptor that is going public on NASDAQ via SPAC merger with RNER for an expected Q4 listing. Just last week Hub announced the submission of an updated F4 to the SEC, indicating that the company is checking off the final regulatory agenda items before the listing can take place.
My tech portfolio has been in danger zone for about the past 6 months, but HUB is a rare outperformer despite today's bearish conditions. Over the past month, HUB.TA +22% whereas both market baselines are down (NDX -5%, TA90 -7%) and sectoral ETFs (BUG -5.3%, HACK -4.9%). That's a differential of nearly 30%, and its in response to a clear though quiet catalyst.
On October 12th, HUB announced a collaboration with Bosch (NYSE: BSWQY), a major global producer of automotive products with a nearly $500bn market cap. Hub is providing cyber security for Bosch data centers in Hanover Germany in a pilot project that showcases the need for advanced solutions for critical infrastructure manufacturers. The data centers in question are for Bosch's cutting edge hydrogen fuel cells, meaning that collaboration testifies to both companies' dedication to ESG and net neutrality.
This latest partnership is the latest in a series of high-profile deals inked by Hub in the leadup to its NASDAQ debut. In recent months the company has entered engagements with both public and private sector actors ranging from MoDs to central banks and big-cap listed companies. The Bosch deal exerted a little reported though double-digit impact on Hub share price, and this is exactly the type of accumulation investors should be looking for on the heels of a listing.
The 3 Easiest Indicators To Look For Before Buying A StockIn This video wee are going to talk about "The 3 Easiest Indicators To Look For Before Buying A Stock"
This company has partner with 2 big companies in the industry,
in this video you will see which these big industry giants are.
You need to understanding the following:
#1 The stock is hidden with powerful clues for you
#2 You can watch out for these clues before you buy
#3 Always be sensitive to what the breaking news says
Once you understand what we discuss in this video you
will be more likely to trade safely and make profit this coming week
Watch this video now before this opportunity to make profit this coming week goes.
Cheers.
theres nothing like amazonits internet, its consumer spending, its technology and its big business. nothing has the positioning that amazon does, and its not going to change in the foreseeable future. the trade war crushed the price, but when we reached a balance with imports amzn shot right back. in 2019 more trade war news crashed it, and when we made a deal with china it rose again. corona slammed it to the downside, and when we intervened to save the economy we went bull again. now inflation, runoff on the balance sheet and subsequent rate hikes have drained the momentum once more, but when that is priced in theres no reason we shouldnt have another wave to the upside. $200 seems in order eventually. with all the things that amazon does now there isnt a better business model.
we are at a crossroads maybe there is hopeone mans hopium is anothers forever market. the time to start averaging into large caps may have passed. this big tech stock might lead the market higher as has happened every time pointed out here around this recent year low. the price is around sss demand which is still green, and were getting near that year low anchored vwap and the bottom of envelope. finding a higher daily low might be near even if we dont end up breaking the weekly high. sell if we break pivot, lower horizontal or resist from upper. buy if we support pivot or lower horizontal or break upper.
NASDAQ - a bear rally turn to downside target updateJust a quick note that the recent NASDAQ (bear) rally appears to have run its course; on the 1H chart, it had a series of Lower Highs and Lower Lows (white lines), and appears to have completed the trend change pattern by breaching the support from the first Lower Low (red line).
Given this pattern completion, a typical breakdown of the critical support would see a fall out to the next significant support level. Two of which are close to each other, and about 10,600.
The MACD is supporting this view with the MACD crossing under the Signal line, and both crossing down into bearish territory below zero. In alignment, the Volume Divergence has similar cross down / cross under as well.
The described breakdown happening in the Asian market hours might see a struggle to keep at the support level area and a probable dive later today at the pre-market opening or early market open hours.
Having complete the pattern to the projected target present yet another breakdown which might see an overextension (perhaps early next week) to below 10,000 on the NASDAQ, as earlier expected to meet the downside projected target.
An early warning to brace well as we go into the weekend and roll over to next week…
Apple Inc. Price target: $70.00/share
As part of my inverse big tech ETF...
Apple is another SHORT position going into this economic slowdown. Projecting $AAPL to decline about -60% to the 200-D MA, the .618 fib, and the pre-pandemic level.
1) Cause: Operating margin are coming down. Effect: Apple cutting costs (Bearish setup)
2) Market cap still holding on which is why $AAPL hasn't crashed yet.
3) Downward EPS revisions
NASDAQ has more downsideThe NASDAQ futures are ominous... for more downside movement, given that the first projected downside target has been hit, and exceeded.
The NASDAQ weekly chart is bearish looking, with technical indicators supporting that view.
Still aiming for <10K (9600).
The daily chart has slightly better technicals on the MACD, but it is probably an artefact of the Thursday surge. Nonetheless, the Friday wash out bearish candle left no prisoners with closing at the YTD low.
Bearish momentum is clear and present.
ARKK : The Innovation Fund. SELLCathie just published her Open letter for Fed. If a bottom stock picker tracks macro and starts advising the Central Bank about what to do, you know something is wrong in Paradise.
Technically speaking, the price chart has forming a H&S. Ten out of last 11 months have beeen negative months.It has grossly underperformed all the possible indices .
Fundamentally speaking the FAANGs & MAMAA's of the world are still grossly overvalued in the interest rate stabilising world, note it that I never said rising, because as one of the factors of production, the price of money should never have been negative.
Can you fathom a negative Salary for your monthly efforts ??
My Target for this overhyped overblown Fund is $29.30.
Importance of index analysis ! Short Tech & Long Energy stocks.It is critical to analyze indices when choosing stocks !
SPN (Energy sector of S & P ) outperformed SPX since start of new year . While SPX is officially in bear market , SPN gained above 30 % so far and was above 60 % at it's latest major high !.
SPX bounced back last week raising hopes for bulls however, I think it is just a bear market rally and worst may still on the way ! Please note in most bullish scenario SPX may fall down to 3300-3500 level. In moderate case scenario which I believe the most , SPX may see 2400 and in this case Dow will fall down to 18000 ! . This moderate scenario implies for end of about half of century bull run ( from 1974 to 2022) . There is even worse case scenario which calls for completion of 90 years bull run from 1932 to 2022 !!! ( you can see my published video idea about DJIA and different scenarios). Please keep in mind that FED is insisting on rate hikes and we are still at half of rate hike road ! and Mr Powell finally accepted the risk of recession last week. Don't fight FED.
On the other side, Oil price is high which brings long term profit for oil companies e.g Exxon ! . Oil high price allows for extension of activities for giant oil companies which brings them more profit for example, margin oil fields which once were not commercial now become commercial and profitable ! . I believe oil is going to stay above 100 USD for long term considering OPEC's production capacity at the peak and simultaneous sanctions of IRAN, Venezuela and recently Russia !.
Now lets look at what we have on chart :
1. Candles are clearly below both 50 and 200 weekly moving averages and there may be a possible death cross in upcoming weeks.
2. Chart has lost 0.618 Golden ratio Retracement leve l of the entire up going wave from bottom to ATH. This former support now acts as a strong resistance .
3. Lost golden ratio support beautifully coincides with 0.236 Retracement of the latest major down going wave which makes our resistance even stronger.
4. In terms of Elliott waves , there is still one remaining leg down (wave 5 ) to complete the major impulsive down going wave started at ATH. End of Possible mentioned wave 5 may find the support at 0.786 Retracement level which is a strong supply/demand area as well.
All in all , there is no strong support in favor of SPX against SPN. As written on the chart, Technology stocks are among worst performing sectors in SPX in 2022. I believe they have still much room to go lower considering their sensitivity to rate hikes. For example, in case of loosing last support, NVDA will fall at least to 133 or even 75 in worse scenario. On the other hand, energy stocks e.g XOM or COP are completing internal waves of their long term ascending wave 3 . Although they may see some negative days or even weeks , their general trend is up and remind this golden words in world of marketing which says : " Trend is our best friend . " To wrap up , I go short technology and go long energy stocks but certainly in appropriate time and safe trade setup.
I appreciate Tradingview's team for giving this chance to authors to participate in this interesting and encouraging competition.
Good luck everybody.