57 target bullish cypher going into bullish ABCD Patternlooking to long off of C wave or go long calls options. Bearish against the Tech sector..
Technology
800 retest to B leg, then looking for $1160 retest athtelsa is showing a bearish sentiment and im looking for a retest of $800 to b leg , which will set up a retest of all time high $1160 range
IRBT Reversal with Momentum from two quarters in a row of beating on earnings.
ADX oscillator shows a positive direction.
Good support for long entry just above
POC on long-term volume profile
This is the company that makes the vacuum cleaner robots
and those that mow the grass.
AMD to retest 80 on a c wave sell off?I'm currently short tech via $tecs.. AMD showing a possible c wave sell off to a D leg buy which I have an inverted head and shoulders pattern forming
NASDAQ near upside targetThe NASDAQ just about reached the weekly 55EMA and retraced slightly . It cleared the 13K resistance and 13.2K resistance as well. Still bullish in the weekly technical indicators.
The daily chart breaks down the week, with a early week pull back and some volatility and a weak retest of the gap; and then the mid-week bullish spike to break 13K. These were expected last weekend in the previous post. Similarly, the technical indicators were waning in acceleration and this is observed again in the last week. What makes it a little uncomfortable is the Friday candle... one that is suggesting indecision. So, I would start being cautious really.
Reading two things now: a pop up spike to about 13,500, and then some retracement should set in.
Peak AD/Stoc and Stoc in rising wedge on $Xlkcup and handle forming.. will be shorting the handle to the .236 fib level
8/3/22 CFLTConfluent, Inc. ( NASDAQ:CFLT )
Sector: Technology Services (Packaged Software)
Market Capitalization: $8.079B
Current Price: $29.02
Breakout Price: $31.00
Buy Zone (Top/Bottom Range): $27.65-$19.45
Price Target: $33.50-$36.30 (1st), $45.10-$49.20 (2nd)
Estimated Duration to Target: 26-29d, 73-76d
Contract of Interest: $CFLT 8/19/22 30c, $CFLT 10/21/22 35c
Trade price as of publish date: $2.55/contract, $2.60/contract
$VEEV sold covered call 240 $VEEV - everything goes according to plan. We crossed the 200SMA, we might retest back there. There's a huge supply zone around $227-$240 where the stock is struggling today. I own shares and sold covered calls for August 19, 240 strike.
$MNDT Outpaces its Sectorial Peers The technology sector has played a leading role in powering the market's gains over the past couple of decades. Tech's ability to shape almost every industry means the sector remains one of the best starting places for investors seeking big gains, even during this bearish market.
My top pick for this sector is MNDT, a cybersecurity disruptor that is a winner for your growing portfolio today. As seen in the chart, MNDT (+31.94% YTD) is far-outperforming its sectoral peers as tech has taken a double-digit tumble in recent months. For instance, mega cap tech companies such as MSFT (-17.90% YTD), APPL (-12% YTD) and GOOGL (-20.60% YTD) have all underperformed relative to MNDT. This is the case too for FTNT, a fellow cybersecurity player, which has registered a 9% decline YTD despite outpacing the broader tech sector as a whole. Sectoral cybersecurity ETF’s like BUG (-16%), XLK (-18%) and CIBR (-18%) also lag far behind MNDT’s YTD gains. Relative to QQQ, MNDT has outpaced the Nasdaq baseline by some 50%, indicating just how bullish this stock is against the backdrop of an ongoing bear market.
$HUB.TA Outperforms Sectoral and Market Indices YTD Despite the market's emergent rally in July, 2022 has been a punishing year for tech equities worldwide. Recent Q2 earning from megacap tech players in the US deepen concerns about diminishing margins and slowed hiring moving into Q3/4 and beyond. YTD, Nasdaq is down -21%, and unerperformed the DOW, S&P500, and Russell2000.
One sector with more bullish short-to-intermediate term prospects is cyber security and confidential computing. HUB.TA, which is headed for a NASDAQ listing this year via SPAC merger with RNER has clearly outperformed sectoral peers such as IBM (-1.38%) and CYBER (-22.8%) YTD with its gains of +32% despite some heightened volatiity surrounding its imminent merger. HUB likewise outperformed sectoral ETFs like BUG (-17.8%) and CIBR (-19.17%), making this Israeli confidential computing equity an attractive watchlist item for those eyeing its TASE delisting and the initiation of trading on NASDAQ.
looking for signs of temporary bull exhaustionthe rally has been very strong for a week, and im looking toward the resistances carved out over the last few days to find a bear entry scouting hourly rsilevels and sss signal to turn red qqe making a short entry
NASDAQ Bullish firm; to test 13KAs heads up weeks ago, now it is clear that the consequent market action is bullish.
The weekly chart clearly showed the consolidation in June, and the robust breakout in July, with a strong bullish looking candle (nice lower tail and close very near at the top) to end the week. Technical indicators are aligned with momentum.
13K resistance should be tested, and appears likely to break.
The daily chart has a lot more detail, and takeaways too...
Last weekend, it was expected that " an early to mid week retracement, and then a possible uptick. "
Not only was it perfect, the uptick was exceeded!
Firstly, the mid-week move was a bit of an unusual response to the FOMC raising rates by 75bp. Then the momentum followed through, and the week ended with a significant gap up - Gap & run style, stopping just at the 13K resistance. Thursday's move completed the trend reversal pattern of a series of Higher High (HH) and Higher Lows (HL) denoted by the yellow lines through point 1 to point 5. Upon breaking above the high at point 3, that was pretty much the completion of the trend reversal.
Now, clearly bullish and all, we do not go in all guns blazing, and here is why:
There is a clear and immediate 13K resistance, and the weekend brings a possibility of a Monday retest of the gap. Although expected that the retracements should be shallow, the daily RPM is indicating a very much reduced rate of acceleration. Small signs like these are like cracks in the wall.
Oh, btw... Have you seen the Monthly chart? It is so beautifully crafted with a huge Marubozu type candle engulfing a significantly large bearish June candle. This suggests three things:
1. Next couple of (2, maybe if we lucky 3) months are likely to be bullish;
2. The bear trend is broken; and
3. More importantly, the range of the (last 2) monthly candles suggest a significant range of volatility ahead
And so, towards the upside target we go!
NASDAQ Ka-Boing!Ok, so we got the NASDAQ bounce for the week as outlined in the previous post. How now, brown cow?
The weekly chart now has bullish crossovers in the technical indicators, and clearly a breakout of the consolidation range between 11,200 to 12,200. Mildly and cautiously bullish for the weekly chart,
The daily chart shows that the week ended lower after clocking an intraday high that is also the week's high. The candlestick is actually bearish, and the daily technicals appear a bit winded. This collectively may result in an early to mid week retracement, and then a possible uptick.
Note that the FOMC meeting is on 26-27 July, so aligned that the early week would be jittery and later in the week sees a stronger move.
Either way, be like water, my friends...
$VSBGF VSBLTY Groupe UpdateBroader markets are pulling back and $VSBGF has found it's footing. There's been recent communication from the CEO regarding partnerships and what's shaping up to be potential of an acquisition (rumor).
VSBLTY continues to land deals and the recent fundraising wasn't received well in the markets during a down cycle... but peeling back the layers, it's evident this isn't a dilution so much as giving runway for takeoff.
The market downturn has impacted the price, but it's not throwing money away imo... I am continuing to DCA into a company with a significant value add to to retail and security.
Strong Buy from my perspective.
my view on the (tech) marketI still don't think it is over and it can get very bloody. There are a lot of companies affected by the still not perfect again working supply chain on one side and decreasing demand because of cost of living. This will affect the whole hardware and software industrie IMO, even cloud and advertisers (will happen later) and we can alright read that some manufacturers of consumer products have full stocks (graphic card manufacturers for example which get supplied by NV). I think this can take up to one year before we see this everywhere in the tech market. This little dip does not reflect the real impact. Just my point of view, no financial advice.
NASDAQ about ready to breakoutAn interesting week went by, one with ups and downs and all around. The week ended with a long lower tail in the weekly candlestick. This we know, indicates bullishness. The daily chart shows how this came about, with a doji on Wednesday, and then a higher low retest followed by a nice uptick on Friday. These moves bounced off a support level, as well as clock in a second higher low (after technical bounce was expected previously). The weekly technical indicators crossed up recently, and the daily technical indicators show mild bullish build in the MACD, and less so in the RPM.
Taken together, it appears that a bullish break out is imminent for the coming week. If this happens, then we are looking at a higher probability for July to close higher at about 13,500.
Watch the next few days, it should show hand...
Microsoft: Inverted Head and Shoulders at PCZ of Bullish ABCDWe have some Bullish Divergence on the RSI and a Potential Inverse Head and Shoulders forming at the PCZ of a Bullish ABCD on Microsoft.
VSBLTY Groupe VSBGF Continues Growing$VSBGF recently took a dip, not only because of the broader "risk-off" environment and economic headwinds... recently announcing 16.7 million shares at a $0.30 offering with a warrant for additional purchase of common stock at $0.50 as well as private sale of 10 mil units for $3 million USD.
Market response was bearish, on the surface this is seemingly bad as shareholders are diluted... however, peeling back the layers reveals Jay (CEO) and team are continuing to land big partnerships and agreements in the retail space.
DYOR and you'll find tremendous building tailwinds and a company delivering against a bullish impermanent plan and a very bright future.
Their tech is innovative and a significant value add to the market. Don't lose sight of what they're doing and don't fall asleep as the delivery begins yielding more revenue and in short order, profits.
Taiwanese Semiconductors: Piercing Line Visible on the WeeklyWe have a Textbook Confirmed Piercing Line Visible on the Weekly on the Taiwan Semiconductor Manufacturing Company I was made aware of this a few days ago but opted to wait for the earnings report before taking action. We got a positive report so I am now taking action and my Bullish Target for TSMC will be around $100-$110 to fill the Gap Visible on the Daily Timeframe.
APPLE FORECAST (DEPRECIATED)SPX500 declined in further projection on Yr-to-Yr basis due to investor's doubt on economic recession.
My POV's on AAPL towards 70$ price depreciated.
P/S: THIS IS NOT AN INVESTMENT ADVICE. PLEASE CONSULT ON YOUR OWN ANALYSIS.
AGIX 34 FIB = A 481X :O- As you can see everyone, AGIX is sitting at: £0.03298
- 34 FIB extension has been hit on many crypto projects!
- $19 - £15.98
- £15.98 DIVIDED BY £0.03298 = 481
- So basically for every £100 you invest you could make back £48,100
- For every £200 you invest you could make back £96,200
- NOT FINANCIAL ADVICE! - PLEASE DO YOUR OWN RESEARCH :)
Inverse head and shoulder coming up in xiaomiVolume could be seen at 1yr high. Would will see a trend reversal before this quarter ends ? High likely as price could be seen supporting at the 50ema too.
Novavax - Wassup?Novavax NVAX is actually lining up pretty well... from about 240, it tanked to 40, and on Friday, it gained 11% to close the week at 57.15.
This caught my attention as it cleanly broke out of trendlines, breaking out also from a bearish divergence, on BOTH the weekly and daily chart.
IMHO, it appears to be in technical and fractal alignment.
Weekly chart bounced off a major support two weeks ago, and the last week continued the previous week's bullish end. On the daily chart, Friday's close was the highest daily close in about 5 weeks. with a strong candle closing draws obvious bullish attention.
Target 80, then 125.
Support at 53 and 50.
