CITRON is giving a GREAT LONG opportunity with $RSTCitron following intraday trading strategy idea
Rosetta Stone Inc., together with its subsidiaries, provides technology-based learning products in the United States and internationally.
The share price is rising and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $27,33;
take-profit — $31,15;
stop-loss — $25,97.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Technology
Longterm Play For Sharp Corporation? (SHCAY)I've been watching this one for a while and am highly interested based off the technicals.
We have been pretty stable in price action around the previous all time low, which also resulted in a large move to the upside.
To me this looks like an accumulation play on a double bottom major support.
I am accumulating for a very long term trade, with also buys eyed at the 2.30 lows for more accumulation.
Pennystocks I like to do 1-3% of working capital in OTC markets.
Microsoft: Rebound on the 1D MA50. Targeting $217-230.MSFT made a (near) rebound on the 1D MA50. Even though the 1D chart is technically neutral mostly (RSI = 49.013, MACD = 2.140, ADX = 33.401), the RSI is providing the first strong Buy Signal since March, as it entered the 41.50 - 48.00 Buy Zone. That was a strong accumulation region from August 2019 to October 2019, so even though the price may drop some more and touch the 1D MA50, we take this as a strong buy opportunity.
We aim at the completion of a +40% extension from the last time the price made contact with the 1D MA50 (early April 2020), and set our Target Zone at 217 - 230.
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Apple: Rebound on the 1D MA50. Targeting $400 - 420.AAPL hit last month our $350 Target we set on October 2019 when the price was trading at $229:
We are turning buyers again on Apple as on the 1D chart (RSI = 54.619, MACD = 7.940, ADX = 38.567) the price made a strong rebound on the MA50 (the blue line). On top of that, the RSI made its own rebound on the 47.00 Buy Zone which combined with the MA50, have always provided a push and the optimal buy entry since August 2019. This is a 1 year pattern and therefore quite reliable.
Our Target Zone is 400.00 - 420.00, which is practically the Resistance region provided by the Higher Highs trend-line since the May 2019 High.
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FITBIT $FIT "accumulating"$FIT has been accumulating since 2017. $7.09 is a critical resistance.
12 months Consensus Price Target: $6.76
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Explosive Performance As support Never Broke. Rising Wedge(AMD)We were analyzing this one about a month ago with signs of it Squeezing under the most recent horizontal high as it ranged sideways towards long term support.
Major explosive bull movement breached the high and now is proceeding to play the top range of the massive rising wedge on a 3day chart.
I'm mainly interested in playing the breakouts of the major s&r levels on this one.
Stay tuned.
Baidu: Deep Pullback to Key Support and a Golden CrossChinese stocks have been surging this year as investors embrace the country’s flourishing digital economy. However, one of its most established names hasn’t broken out yet: Baidu – “the Google of China.”
BIDU entered the current environment in a weak place after years of revamping its search and advertising business. However it’s reported strong results in the last four quarters. It also surged in June on a report that Tencent may increase its stake in Iqiyi , which is majority owned by BIDU.
BIDU has pulled back and digested a lot of its gains in the last two weeks. It’s returned to the $118-120 area where it’s consolidated and pivoted several times in the last year.
The stock also just had a “Golden Cross,” with the 50-day simple moving average (SMA) rising up and through the 200-day SMA. This can reflect a long-term change in momentum – potentially interesting in a stock that’s lost more than half its value since July 2018.
Follow the dark pool money on $AMD to Glory!We have been steadily buying AMD for weeks as block after block of dark pool buy money pours in!
Recent dark pool blocks
imgur.com
They have been buying hand over fist. Given the initial Head and Shoulders bottom from March, the near term target would be the 161.8% target from that structure's extension.
Please like this post 👍🏻 and give me a follow! PM for more information on how to retrieve these dark pool blocks ⚫️ on demand and watch them stream in on all of your devices.
QQQ supported by 20smaWe have seen the test of the 20sma, being bought back with strong volume.
Volume has been decreasing daily for the past 10 days. Today's sell-off is on the lowest volume yet (we are a couple hours away from the close though).
Risk-reward-ratio makes sense placing a stop-loss below $252.
TSLA Short! Target: $1000 - $1200 NASDAQ:TSLA
It seems pretty clear based on valuation standards that many tech companies are significantly overbought. Over the past two weeks there has been significant capital outflow from the technology sector while there has simultaneously been large capital inflow into commodity markets, especially oil and natural gas.
Head and shoulders pattern forming on the 2hr and 4hr charts. Looks like a great short set up to return to the longer-term price trend.
I'm not a TSLA hater, I like Elon Musk, but I think this is a great short set up. Just an idea, do your own research!
IBM Mega TriangleIBM has been making this triangle chart pattern since 1997 and will forced to a decision point one way or the other by 2026. For some investment strategies, you have to perceive time like a tree. :)
IBM's earnings and sales have been shrinking for many years-- EPS at a rate around 2.5% per year, and SPS at a rate around 0.25% per year. That makes this essentially a depreciating asset in terms of earnings and sales. The dividend over 5% offsets that somewhat, but IBM would need a growth strategy to break out to the upside. Despite technology leadership, the company has struggled to turn its technology into growth.
IBM is still worth trading within the triangle, however. It's certainly worth a buy in the event it should drop to the bottom of the triangle range. I kind of like the idea of owning a piece of IBM's AI, because I think this technology eventually will drive a turnaround story for IBM and a return to earnings and sales growth. Among other things, IBM is partnering with Verizon to use its AI in Verizon's 5g.
IBM will be a sell at triangle top until and unless the slopes of the earnings and sales trendlines begin to turn positive long-term.
Swing Trade Idea: Long over 130 low resistance & tons of supporteasy play based on solid consistent rev growth on a hot sector
Maxlinear $MXL$MXL is a candidate for a new uptrend. there are good news coming for this company. watch for a breakout of $28.70
12 months Consensus Price Target: $26.5
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XILINX $XLNX "worth to watch stock"The positive upbeat news coming for chip makers and $XLNX is one of the one worth to watch for a new uptrend. $113.36 is a buy point but if you want to take a risk you may get it above $103.74
12 months Consensus Price Target: $99.24
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Zendesk $ZEN$ZEN is hitting the pivot to breakout. needs to hold above to get in. watch out for a breakout.
12 months Consensus Price Target: $94.10
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How to Trade the Tech Cold War? BIG SHORT?
FA:
Global supply chain issues have made the logistics of semi-conductors even more complicated; thus we can expect rising costs and lower profits
The Tech cold war between USA and China if led to Chinese retaliation may lead to US semi-conductor companies being hit hard the most as China contributes to 60% of the market demand of semiconductors
Skyworks Solutions is predicted to release a decline in earnings for the period ending in June 2020
Decrease in Hedge fund interest when you analyze portfolios
TA:
Perfect Gann Set up, with the second pull up providing a perfect shorting area with the Stop loss being defined outside of the Gann area
You can book profits earlier, but when trading with Gann , you usually book profits at the point where there is a bullish crossover which is when it crosses above the 1/1 region.
-Megalodon Whales (Rahim)
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Taiwan Semiconductor guidance crushed Street estimatesI saw a couple articles this morning suggesting that maybe TSM sold off today because forward guidance disappointed Street expectations. That's nonsense. Revenue guidance came in about 7% above expectations, and earnings guidance came in about 15% above Street expectations. This company's guidance crushed it . The stock sold off for one reason only: it is overbought.
TSM does look a bit pricey, even with the strong guidance for Q3. Even after factoring in the strong forward guidance, I am calculating forward P/E at about 21 and forward P/S at a little below 8. That's about 20% more expensive in forward P/E terms and 34% more expensive in forward P/S terms than the stock's average valuation over the last three years. In this challenging macroeconomic environment, that seems like an unreasonable valuation. It's a reflection of how inflated tech valuations have gotten due to Fed liquidity and investors piling into tech as a safe haven.
Having said that, TSM has an extraordinarily strong growth narrative right now, as the company is set to take over chip production for Apple. Formerly Apple's chips were manufactured by Intel. TSM also makes chips for Qualcomm, among other large companies. Thus, I think TSM will continue to outperform the Nasdaq and is a buy on any significant pullback. Ideally, I'd like to see this stock pull back to the volume node near $53.50 before buying, but in truth I don't see that happening any time soon.
$CMCM can rise in the next daysContextual immersion trading strategy idea.
Cheetah Mobile Inc. operates as a mobile Internet company.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,71;
stop-loss — $2,41.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!