$WZR: Fintech hype+ Solid uptrendFA,
- FinTech Revolution (WZR left behind while the punters bet on BNPL)
- Loan origination spikes 48% in June 2020. Consistent uptrend
- Wisr Ecosystem up 52%
- 42.4 Million in Cash
- Great vision: Improve financial wellness in Australians.
- Strong support from NAB
- Good management team including CEO Anthony Nantes
- Cool name and logo ( It’s vital for long term success, Ask Peter Lynch)
TA,
- 5EMA and 10EMA above 150EMA
- Bottom trendline of Strong uptrend
- Ascending triangle( WZR has historically broken out higher from ascending triangles)
- Volume consolidation
- Strong monthly level support(white)
- RSI not overbought (RSI<50)
Technologystocks
JD.com: Pullback in Chinese Momentum StockThis one is short and simple: JD.com just had its first decent pullback since it started running in May.
JD has a few things going for it. First, the Beijing-based e-commerce stock spent almost all of June consolidating on either side of $60. It ripped over that level after the Independence Day weekend and has now retraced that surge. Will the old resistance zone around $60 become support?
Second, JD has tested and held its 21-day exponential moving average (EMA). The last time it did that was way back on May 6.
Third is the relative strength . Money has streamed into Chinese technology stocks because of changes in global indexes and a quicker recovery from coronavirus.
$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!
Tesla: Our $1,270 target is hit. Time to start booking profits.More than 1 year ago we gave a buy recommendation on Tesla when the price was trading at $205 after a a sharp fall:
Last January we upgraded our final Target for this cycle to $1,270:
Despite the drawback due to the coronovirus lock-down, Tesla reached our long-term target and we've already closed all positions on that stock. We recommend long-term investors to do the same and focus on buying the next pull back.
The reason is the RSI on the 1W chart which is not only overbought (RSI = 79.078, MACD = 184.820, ADX = 52.644) but it mainly reached the limitations of our pressure zones. As seen on the chart, the 1W RSI has entered the orange overbought zone, which back on the identical cycle of 2014, it rejected the price back towards the 1W MA50. When the RSI hit the red Buy Zone, TSLA had a buy signal again.
We expect a similar behavior as so far this model has served us very well long term.
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Not done yet - the Tech storyTech is still driving markets, valuations and sentiments up. Little doubt about it. This is also the only pillar holding the market up, as other sectors lag behind in a straggling manner that almost appears unwilling.
Technically, the daily chart is Bullish, as is the weekly chart. In fact, it is so bullish that one might expect a breakout of an ascending triangle! Warning is to watch for the reversal and break down back into the triangle, as this is likely to fall out on the other end... downwards.
The chart is marked for potential resistance and turning points, both in price and MACD.
Meanwhile, (very cautiously) bullish for this week, make hay while the sun shines....
FSLY was a top gainer, rising +334.5%. Expect Uptrend reversalFastly Inc - Ordinary Shares - (FSLY, $84.51) was one of top quarterly gainers, jumping +334.5% to $84.51 per share.Tickeron A.I.dvisor analyzed 117 stocks in the Information Technology Services Industry over the last three months, and discovered that 114 of them (97.67%) charted an Uptrend while 3 of them (2.33%) trended down. Tickeron A.I.dvisor found 41 similar cases when FSLY's price went up 15% within three months. In 34 out of those 41 cases, FSLY's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for FSLY are 83%.
Netflix Makes a Higher Low as Earnings ApproachNetflix was already one of the market’s leading New Economy stocks before coronavirus, and the pandemic has simply raised its status as a recession-proof growth name.
Now a few things could be lining up in its favor again. First, a rebound in coronavirus cases revives the odds of more social distancing and binge watching. Second, NFLX earnings are scheduled for July 16 after the closing bell. Given the favorable demand environment, sentiment may grow more positive into results.
And, most importantly: some patterns on the chart.
NFLX formed an ascending triangle along its 50-day simple moving average (SMA) between late-May and mid-June. It snuck out of that pattern last week, even as the S&P 500 slid lower. That kind of relative strength is also a potentially bullish sign.
NFLX then dipped back lower on Friday and Monday as the Facebook boycott dragged big Nasdaq stocks lower. That caused one final test of the 50-day SMA, and today NFLX is bouncing.
Another higher low above the old peaks: The trend still looks intact.
Nasdaq sell What can we see technically?
-Technicals:
-Overall bullish
-however all time rejected record high
-Monthly supply created
-price to transition between monthly and weekly zone.
-Daily - creating indecision candles.
- Zone of consolidation forming in a nice range above 10,000, however break of 10,000 which price has attempted to do will see a good sell off.
Where to enter?
Follow your plan
we entered at 10,056 as we could see these zones lining up with our analysis
we have further sells at 10,400 if price reaches the lower weekly deep retest.
Trade is risk free, we also sold QQQs investment trust if CFD is too risky for you.
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment.
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Take care
Thanks,
Team Lupa.
Semiconductor ETF Has Failed to Break OutOne of the biggest stories in the last month has been the breakout in the Nasdaq-100 . But the Market Vectors Semiconductor ETF has failed to join the breakout.
It’s not a surprise because chips are economically sensitive and struggle when manufacturing slows. That’s happened now.
SMH’s lack of breakout shows weak relative strength and fundamentals. That could give bears more of a reason to expect downside if selling spreads in the broader market.
It also creates a potential risk-management zone for traders taking bearish positions.
Finally, the relative weakness in chips focuses attention on Nasdaq stocks that have actually broken out – like software and e-commerce . Traders may want to expect more strength in those groups.
SMH might not be a short yet, and it might still break out if the S&P 500 holds 3,000. But if the opposite happens and volatility picks back up in July, this could be a corner of technology where the bears will be more active.
$DELL can rise in the next daysContextual immersion trading strategy idea.
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services
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 $53,08;
stop-loss — $51,71.
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!
Swing Trade Alert. Long over 10.80. Still some downside riskBenefitfocus, Inc. engages in the provision of cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers
BuildGroup Management reports 14.3% active stake in BNFT
Trading at Pre-Covid Levels w/ Volume profile support +2.9% DiviEV/Sales Consensus.. sitting at 5.1x
WHY QCOM??
Qualcomm pushes 5G tech into chips for cheaper phones
June 16 (Reuters) - Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as $300 and that will come to market in the second half of this year.
San Diego-based Qualcomm is the biggest supplier of processors for smartphones and the modem chips that connect the phones to wireless data networks.
The company's chips featuring fifth-generation (5G) cellular telecommunications technology are currently in many premium-priced smartphones such as Samsung Electronics Co Ltd's Galaxy devices.
But Qualcomm has also been working to get the technology into cheaper devices. The new chip, called the Snapdragon 690, will go into devices that it expects to retail at $300 to $500, Qualcomm said. Phone makers such as HMD Global, the owner of the Nokia phone brand, LG Electronics Inc and Lenovo Group Ltd's Motorola plan to use the chips, Qualcomm said.
The push into lower price points means higher volumes for Qualcomm. According to data from Counterpoint Research, smartphones with wholesales prices of $100 to $400, which are somewhat lower than the prices consumers pay, made up about 50% of the overall smartphone market in the first quarter of 2020.
$PCTI can rise in the next daysContextual immersion trading strategy idea.
PCTEL, Inc., together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas.
The share price rose after the company had been added to the Zacks Rank #1 (Strong Buy) On Jul 19 — finance.yahoo.com
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 in the next days.
So I opened a long position from $7,26;
stop-loss — $6,80.
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!
Long over 200 Short under it. Large rev growth, declining RPOOkta announced the pricing of $1.0 bln aggregate principal amount of Convertible Senior Notes due 2026 (180.07)
The notes will be senior, unsecured obligations of Okta. The notes will bear interest at a rate of 0.375% per year. Interest will be payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2020. The notes will mature on June 15, 2026, unless earlier redeemed, repurchased, or converted.
Okta (OKTA) assumed with a Hold at Canaccord Genuity
Okta target lowered to $205 at BMO Capital Markets (183.92)
BMO Capital Markets lowers their OKTA tgt to $205 from $210
Okta beats by $0.10, beats on revs; guides Q2 EPS above consensus, revs in-line; guides FY21 EPS above consensus, revs in-line (183.92 +4.50)
Reports Q1 (Apr) loss of $0.07 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of ($0.17); revenues rose 46.0% year/year to $182.86 mln vs the $171.57 mln S&P Capital IQ Consensus.
Co issues guidance for Q2, sees EPS of ($0.02)-($0.01), excluding non-recurring items, vs. ($0.09) S&P Capital IQ Consensus; sees Q2 revs of $185-187 mln vs. $184.74 mln S&P Capital IQ Consensus.
Co issues guidance for FY21, sees EPS of ($0.23)-($0.18), excluding non-recurring items, vs. ($0.32) S&P Capital IQ Consensus; sees FY21 revs of $770-780 mln vs. $772.26 mln S&P Capital IQ Consensus.
"We are pleased with our continued execution and strong first quarter results," said Bill Losch, Chief Financial Officer of Okta. "Looking ahead, our strong first quarter revenue performance and highly recurring business model give us confidence in reiterating our fiscal year 2021 revenue outlook. In addition, we are improving our operating loss and loss per share outlook for the fiscal year. While we believe it's prudent to continue to expect some near-term business headwinds as the economic impacts from the pandemic further unfold, we remain highly confident in our long-term success as the leader in the massive identity and access management market."
CITRON is giving a GREAT LONG opportunity with $SONO Citron following intraday trading strategy idea
Sonos designs, develops, manufactures, and sells multi-room audio products.
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 $12,52;
take-profit — $14,42;
stop-loss — $11,95.
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!
A : An opportunity to get 143% Profit A (Agilent Technologies) is a good company with a healthy balance sheet.
If you believe in Dow theory, you'll probably invest in this stock. The price action shows 31 & 23 months strong support levels.
Here is a full plan to invest in "A".
I am going to invest my $XXXXX.XX.
I'll buy
30% of X amount @ $82
40% of X amount @ $61
15% of X amount @ between $96 to $100.
Rest of X amount @ $43.(If market will go down badly)
Most Important Exit price:
IMO Exit price will be $147 & $200.
Enjoy your trade!