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Roku Has Weekly Breakout as Coronavirus Boosts StreamingCoronavirus has benefited some technology stocks like Zoom Video , Netflix and Amazon.com . Another name on that list is streaming-video firm Roku . The stock gapped higher yesterday after seeing a 49 percent pop in first-quarter streaming hours. While the advertising side of its business took a hit from business shutdowns, usage keeps growing. There was a time last year that people worried competition would kill ROKU, but so far the eyeballs keep coming. ROKU has formed a pair of inside weekly candles, and is now breaking out. Like Nio yesterday, this signal shows that a highly volatile name has calmed down and may be ready to start trending again. The daily chart also shows a breakout of the 50-day simple moving average (SMA). In the very near-term it may be overbought. But as long as the shares hold this area, buyers may return in coming sessions – especially when you consider the relative strength in Covid-benefiting tech stocks like Zoom Video and NFLX .
NASDAQ:ROKU
by TradeStation
AMD PUT IdeaMy idea: so based on several factors and signals I looked into (not shown), I simplified into what I see happening. I know there is no strict correlation with AMD and SPX, however, it can be noted that as SPX grows, investors seem to be more "open" to drift away from value stocks into growth stocks to acquire quicker and higher profit. Every since the like of Amazon, Apple, Netflix etc, it can very easily be shown that the society of investors are more open to risk in this pre-technological era as we move closer and closer to a more dominant technological era. That being said, based on this chart, my idea is both the SPX and AMD (along with MANY others) will have a significant drop coming in the near future, as investors come to terms that the Feds intervention wont be enough to overcome the "iceberg" of problems that are arising. Each on their own does not seem to be significant with the fed intervention, but once you realize the relation that they will have against each other, each "problem" becomes intertwined in the other, from the "iceberg beneath the water" (what many can or do not want to see right now). With every rally there will be numerous day and swing traders trying to jump on the band wagon of each of these rallies to catch a quick profit. That's why I believe we are seeing such volatilty intraday within the markets. These rallies seem prominently based on emotions and rumors, which day and swing traders are infamously known to be attracted to. please like and share if you enjoyed this idea/opinion...feel free to like if you disagree as well :p , look forward to a discussion.
NASDAQ:AMDShort
by russkishurik
4
A Moment People Have Waited for: Zoom bounces at the 50-day SMAZoom Video Communications has become a household name amid the coronavirus lockdown. It seems like everyone’s using it -- from coworkers to teachers and doctors. All the excitement pushed ZM near $165 in late March. It then ran out of energy and retraced all the way back down to $110 this week. The current zone is potentially interesting for two reasons. First, it’s at the 50-day simple moving average (SMA). In fact, this is ZM’s first pullback to that line since it started rallying in early February. Second, the current price zone is slightly above a longer-term peak from June 2019, shortly after its initial public offering. ZM is in the news today because of a shareholder class-action lawsuit. However, the issues resulted from its success. One was a decline in the stock price -- after a monster run. Another was that its product has a few issues. These only became obvious after its user base grew dramatically. The company’s market cap now tops $30 billion, placing it in the same leagues with Kraft Heinz and Autodesk . Some analysts have complained about its multiples because ZM trades for more than 50 times revenue. This is high compared with other tech stocks. However, investors may be willing to pay it given ZM’s new importance in business and society. One of the big lessons of growth investing is that rich valuations are often a sign of strong demand. ZM’s last quarterly report in March beat estimates and its next set of numbers are due in June.
NASDAQ:ZMLong
by TradeStation
3
FitbitStock Symbol: FIT I'm getting a crossover signal on the weekly for Fitbit to the upside. It had a large move up and I wish I would of had research this one prior to 2020. We are at a level that price has been rejected by multiple times in the past. Good entry around here. If we can get volume to break high it could be a good return. Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
FLong
by UnknownUnicorn2319099
The Nasadaq Looking very Promising for shortMonthly Chart : The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS : Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192. Note the Weekly Chat : When you move into Daily Resolution , we can see clearly how the Buyers Failed to hold the Price above the MUT , and therefore, showing weakness : Shorts can be launched at the current trading zone. But we have to calculate the risk in relation to the coming week open The Main Profit Taking Target is - 143
NASDAQ:QQQShort
by Ido_Havazelet