SINA BUY (SINA CORPORATION)Hi there. Price is forming a reversal pattern at the bottom of the continuation pattern to change its direction. Watch strong price action for buy.
Technologystocks
Philadelphia Semiconductor Index Drags the QQQs HigherChips have been one of the strongest industry groups in the last several years. The drivers are mobility, cloud computing, gaming and increased semiconductor use in general (including autos and industrial devices). 5G is another looming catalyst.
Today the Philadelphia Semiconductor Index is on pace for its highest close since coronavirus first hammered the market on Monday, February 24. SOX has spent almost an entire month battling its way above the 200-day simple moving average (SMA) and now even its 50-day SMA has turned positive.
Meanwhile, various reports hint that the economy is rebounding. For example: the New York Empire index and consumer sentiment last week and NAHB’s sentiment index yesterday. (These cover May, not April.)
In the old days, investors played an economic recovery with banks, retailers, energy and transports. While those stocks may also benefit, chips have become the new bellwether for the economy in general. So if a recovery is here, traders are now just as likely to buy semiconductors over those “ value ” buckets.
SOX doesn’t have any obvious chart patterns, but its price action seems to reflect confidence in a recovery. Traders may want to look for opportunities in the space – especially in names like Teradayne that continue to hug their 200-day SMAs. Chips are also among the most active underliers in the options market, which may provide traders with opportunities as well.
AMAT: Chip Giant Tries to Clear Bullish TriangleSeveral technology stocks have formed bullish triangles as they consolidate from the last few months’ of volatility. These include Microsoft , Salesforce.com and Mastercard – all playing out to the upside.
Today another appears on the list: Semiconductor-equipment firm Applied Materials .
AMAT has been trapped below its 200-day simple moving average (SMA) since mid-April. It’s also started making higher lows this month, resulting in an ascending triangle with the potential for a breakout to the upside.
The stock is also eclipsing its April highs now. That will likely trigger some alerts for momentum followers.
AMAT reported decent earnings on May 14. Given its central role in the chip space, it’s very much a play on semiconductors overall. If you’re a believer in the industry and not too worried about Trump and the Huawei threat, then you might want to check out AMAT as it attempts to clear this triangle.
$OCFT can rise in the next daysContextual immersion trading strategy idea.
OneConnect Financial Technology Co., Ltd. operates as a technology-as-a-service platform for financial institutions in the People's Republic of China.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
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 $15,05;
stop-loss — $13,85.
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!
$LITE can fall in the next daysContextual immersion trading strategy idea.
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $67,72;
stop-loss — $69,89.
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!
$HMI can fall in the next daysContextual immersion trading strategy idea.
Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $10,76;
stop-loss — $12,01.
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!
Breakout in NVIDIABreakout this week in NVIDIA. In my opinion, a significant rise is expected.
DYOR and this is not advice to take a trade.
Mastercard: Another Triangle in Big TechSometimes people forget that the credit-card companies are members of the technology sector, but they are. We’ve already covered the bullish triangles in other tech names like Microsoft and Salesforce.com . And now Mastercard is showing a similar pattern.
MA has faced resistance around $282, which closely matches its 200-day simple moving average (SMA). Meanwhile it’s made steadily higher lows, forming an almost perfect ascending triangle.
The other interesting thing about MA is that it’s so clearly tied to consumer spending and the economy. That could make it a logical go-to stock for institutional investors as the coronavirus lockdowns end. It’s also a liquid options underlier, averaging more than 30,000 options contracts per session.
Looking at the weekly chart, we see MA has formed two inside weeks in a row. Combined with the April monthly high and the 200-day SMA, there’s a lot of importance in the $282-285 area. This creates the potential for buyers to get more active if it starts to break through this zone.
This is one to watch as the global economy reopens.
IT'S TIME TO CONTINUE LONGING $UBERContextual immersion trading strategy idea.
Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
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 $32,62;
stop-loss — $30,41.
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!
Alphabet Pulls Back to Post-Earnings LevelAlphabet has struggled more with coronavirus than some other big technology names because of its reliance on advertising. GOOGL is still below its old $1 trillion market cap level, even after Microsoft , Amazon.com and Apple reclaimed (or kept) that honor.
GOOGL had a decent earnings report on April 28. The growth in non-search businesses like YouTube was especially interesting. This remains the potential kicker for Sundar Pichai and the Internet giant: a huge, under-monetized division with the potential to start delivering. YouTube’s a secular driver. If you think the worst of the economic crisis is over, traditional search advertising could be a cyclical catalyst as well.
GOOGL gapped higher after that quarterly report, and earlier this week reached its highest price since February 25. It then pulled back with the rest of the market and is now holding the same $1,340 area where it traded immediately after earnings. It’s also near a post-breakout consolidation zone from December and the 100-day simple moving average (SMA).
Given its massive size, GOOGL is unlikely to rally without the rest of the market behind it. If you think S&P 500 will hold this area after touching a three-week low today, GOOGL may interest you around these levels.
Alibaba: False Breakdown as Earnings ApproachOne of the striking things about this earnings season has been the broad strength across technology and e-commerce. Whether you’re looking at Shopify , Twilio or PayPal , one company after another has rallied despite the coronavirus pandemic.
And now one of the biggest names of all, Alibaba, has some interesting patterns as its quarterly numbers approach.
Two things stand out on BABA’s chart. First is the $188-190 support zone. That area was first important back in November 2017, then again in March-April 2019.
The bears tried to take a stab at that same level last week, but were stopped dead in their tracks the next day.
This level is also meaningful as a confluence area with the rising 200-day simple moving average (SMA).
Speaking of moving averages, BABA had a false breakdown under its 50-day SMA a few sessions ago. Its rebound back above that level today could be another signal for the bears to back off.
The next earnings date hasn't been officially announced yet, but TradingView estimates it will be on May 11.
Sell SHOP - management must agree the valuation is crazy.By issuing shares at these prices, shortly after reporting a good quarter, management must either see tough times ahead, or are just being greedy. Either way, diluting shareholders opportunistically is not a good sign. Expect more equity dilution from other tech darlings.
NDX - Potential Gap Fill? - Time to be VERY careful nowMarkets are anything but boring, idiotic perhaps, but not boring that's for sure.
The Nasdaq is just shy of 7% from the prior ATH, despite the fact that the economy has still NOT reopened, many small businesses are in tatters, large business are hat in hand to the Fed and Treasury for bailouts AND north of 30 million Americans are unemployed.
Initial Claims:
So how do we play this market?
Carefully...very carefully...
The Nasdaq could very easily fall away from here, hitting it's head on the 78.6% fib retracement, mind you, this WOULD NOT invalidate the latest move higher, crazy as it may seem.
Should the Nasdaq fall away from here i would expect to see support show up at the 38.2% fib level, currently around the 8,200-8,400 mark, this would also coincide with a nice potential gap fill around the same area.
Nasdaq potential trajectory to the downside:
BUT, this is largely going to be dependent on how the 'cream' of the crop perform, namely the FAANG stocks (FB, AMZN, AAPL, NFLX, GOOGL).
Which recently have shrugged off any concerns about a potential global depression and have in fact make new ATHs.
FAANG stocks make new ATHs:
What to look for?
~Should we see TWO closes above the 78.6% fib retracement, then the odds are more skewed towards the bullish case for a gap fill at the 90 fib level or even a retest of prior highs.
~ If however we head lower, say two closes below the 9 ema, then i would begin to favor the bearish case to 8,200-8,400 more.
Lending credence to the bear case is the rather neutral/ bearish RSI reading at the moment is a good gauge of potential direction, which at press time is NOT confirming the latest moves higher.
In any case, I do firmly believe that the markets WILL head lower soon, BUT the fact that the 'obvious' path is down, leads me to believe that we may well be looking at one of the greatest bull trap in recent memory.
-TradingEdge
Salesforce.com: Another Software Name, Another Bullish TriangleSoftware has been one of the strongest industry groups lately as investors view it as largely immune to Covid-19. On Tuesday we highlighted Microsoft’s bullish triangle , and today another major player has a similar pattern.
Salesforce.com is pushing against the $165 area that held it in check last year (flagged in this idea ). CRM has also made a series of higher lows since getting slammed lower back on April 21. The 50-day simple moving average (SMA) was providing resistance at that time, but now the stock is fighting past that line in the sand.
CRM has also managed to get back above its 200-day SMA in the process.
Traders may want to use the April high of $165.30 as an entry trigger.
Bullish Ascending Triangle in MicrosoftMicrosoft has been squeezing into a range with breakout potential.
Of all the big technology companies, it may emerge as the biggest beneficiary of coronavirus thanks to its cloud-computing, business software and videogaming.
Last week’s earnings report beat across the board, but MSFT didn’t move much because it’s been trapped in a bullish ascending triangle. And now it may be trying to break out of that pattern.
The triangle started taking shape in the first half of April. It became more clear after April 17, when MSFT hit resistance around $179. That’s near the close on February 21, immediately before the coronavirus correction began.
Pfizer and BioNTech Dose First Participants in the U.S. Hey fellow Traders from TradingView, this is an update to the actual Situation and my previous Analysis
If you agree with my Analysis or find it useful , please leave me a like for my work it would be greatly appreciated.
Im still bullish and optimistic that BNTX participation will have a huge global impact. The stock seems to be news related, so expect it to make huge moves when they finally will announce to have completed those first worldwide clinical studies.
The Moving Averages are lining up and signalizing us there will soon be a Price expansion.
Assuming the 55 MA line serves as a support we cacn expect the stock to bounce off that and rise to the resistance battleground area.
I´d place my Stop Loss below the next support pivot at either 36.85 to not risk gettiong shaken out before the upcoming outbreak. If you can handle that amount of risk.
If not a LOD SL is always a great way to reduce risk.
Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced today that the first participants have been dosed in the U.S. in the Phase 1/2 clinical trial for the BNT162 vaccine program to prevent COVID-19. This U.S. trial is part of a global development program, and the dosing of the first cohort in Germany was completed last week.
"The Phase 1/2 study is designed to determine the safety, immunogenicity and optimal dose level of four mRNA vaccine candidates, and is to be evaluated in a single, continuous study. The dose level escalation portion (Stage 1) of the Phase 1/2 trial in the U.S. will enroll up to 360 healthy subjects into two age cohorts (18-55 and 65-85 years of age). The first subjects immunized in Stage 1 of the study will be healthy adults 18-55 years of age. Older adults will only be immunized with a given dose level of a vaccine candidate once testing of that candidate and dose level in younger adults has provided initial evidence of safety and immunogenicity. Sites currently dosing participants include NYU Grossman School of Medicine and the University of Maryland School of Medicine. The University of Rochester Medical Center/Rochester Regional Health and Cincinnati Children’s Hospital Medical Center will begin enrollment shortly."
Source by: NASDAQ:BNTX FWB:22UA investors.biontech.de
Remember, this is only my opinion after considering all facts and informing myself about the Up/Downside of this stock.
So no financial advise is given here. Always do your own reasearch.
Thank you for taking the time and i hope to see you again in my next post!
See you there
Sincerly,
Sebastian - TradingExperts Europe
Activision - to reach new highsFor those that have been following my analysis on ATVI, you'll take note of how he price passed through the highlighted zone and bounced out in the upwards direction in the area I marked a couple of weeks back. With earnings coming in tomorrow, given the fact that COVID-19 has kept people home and the kickoff of the Call of Duty World Championship, I expect an earnings beat as well as a rally this week into the $70-$75 range before another rest period.
NASDAQ100Short position on NSDQ. Chart on daily. I follow the Fibonacci retracements and have a look on MACD.
Targets:
1. 8566
2. 8202
3. 7837
4. 7366
5. 6658
MSFT is likely to go down for some time .NASDAQ:MSFT is likely to go down to around 172 before bouncing up from there .If it doesn't , If it continues dropping below the 172 area and closes considerably below the 172 in an upcoming day (With a bearish candle) then price is likely to continue its drop until around the 167.5 mark .For people who bought MSFT earlier (Long term investment) I think it would be wise to hold it as long as it doesn't considerably close below the 164,5$ mark.
Advanced Micro Devices: The Bears Are Trying, But…Advanced Micro Devices was the top-performing member of the S&P 500 in both 2018 and 2019. Its last earnings report on April 28 was very middle-of-the-road. Results beat, and then management tried to talk down demand. Other chips like Intel and Qualcomm have struck a similarly cautious tone.
However, investors know some positives lay in the future. They may see the bigger chip cycle (cloud, AI, 5G, mobile) resuming sooner rather than later, and not want to remain negative on a company that’s repeatedly shown leadership.
This sentiment may be evident on the chart because AMD has refused to make new lows after earnings.
The key level seems to be the April 21 close of $52.92. Remember that was a big negative session for the S&P 500, one day after oil went negative.
Buyers defended AMD during that volatile day. The stock actually had more volume on April 21 than yesterday, following quarterly results.
Let’s see if this price area continues to provide support. It also gives potential buyers a decent risk-management level in case the shares break to the downside.
Apple’s Range Is Tightening as Earnings ApproachApple's range is tightening with earnings due on Thursday afternoon. Is a breakout coming?
The iPhone maker has stayed above its 8-day exponential moving average since the market jumped back to life on April 6. There were a few tests below it, but now that line is squeezing up to the top of the recent range around $288.25. It’s also near the 100-day simple moving average (SMA).
A tight pattern like this, especially with waning volume, suggests traders may be waiting for quarterly results to jump in. Notice how the 5-day Average True Range (ATR) is back to its tightest reading since February 21, immediately before the coronavirus selloff began.
AAPL is also holding above its 50-day SMA. The stock had a false breakdown under that line on April 21, but it quickly rebounded and has stayed above it since.
From a fundamental perspective, Wall Street seems fully aware that coronavirus will hurt both supply and demand. IPhone production was delayed by factory outages. Big hits to income from the millions of lost jobs will also weigh on unit sales. But how long will those headwinds last?
Investors seem to be looking out a little further in time and seeing Tim Cook’s initiatives paying off: Cheaper phones draw more users into AAPL’s growing services business. That’s a positive for valuations because recurring revenues tend to command higher multiples than hardware sales.
AAPL has pursued that strategy lately by releasing the iPhone SE for $399. It also rolled out services like App Store and iCloud in 20 more countries across Africa, Europe and the Middle East.
In conclusion, AAPL has made several major transformations over the years: First from Macs to iPods. Then, from iPods to iPhones. Now it’s evolving from iPhones to services. The result is a stickier business model with more operating leverage. Covid-19 or no Covid-19, the progress seems on track.
