Facebook: There's Nothing Funny About a False BreakoutFacebook dropped sharply on Thursday after quarterly results raised questions about its longer-term growth story. Sure, the backward looking numbers weren't bad. But looking forward, newer offerings like Instagram don't seem to be catching fire. The "big blue app," with its slow-growing and ageing user base, isn't really thrilling investors.
This stands in contrast with other big tech names like Apple , Microsoft , Amazon.com and Tesla . Those are all evolving their businesses toward the "next big thing."
The technicals, as usual, show these fundamentals clearly: AAPL, MSFT, AMZN and TSLA have broken out to new highs. FB has not only failed to break out. It has a failed breakout.
This week's price action could have a long-term impact on the social-media giant because it represents a double-top spanning 18 months. Patterns like this are often followed by months, if not years, of consolidation and pain. Just look at Alphabet 's trading after its April 30, 2019, bearish gap.
That argues against rushing into FB here. Some chart watchers may like the 50-day simple moving average (SMA) and the $205.50 support area from July 2019. But this week's high-volume false breakout and double top could prove more powerful to the downside. It could be too early to buy the dip.
Technologystocks
F5 Network (FFIV) | Strong Support, 50% Growth Potential!Hi,
F5 Networks provides multi-cloud application services for the availability, security, performance, and availability of network applications, servers, and storage systems.
Currently, it is pretty undervalued and the price of the stock has reached inside the strong support area. Technically, it is a pretty powerful support level and it consists of multiple criteria. Do your own research and if you think the company has potential then I let you know - technically it is ready to go upwards!
Technically, the buying area is $120-$130 and it consists of:
1. The price is currently inside a strong price level. It has been multi-year resistance and now it starts to act as a support level.
2. The trendline third touch act as a support level, super crossing area with the previous criterion.
3. Fibonacci 38% and 62% are inside the strong area acting as support levels.
4. Monthly EMA100 should act as a support level.
5. RSI Divergence
6. Two minor trendlines run through the crossing area to adding strength to the buying zone.
7. The fat blue trendline from the top is also called as a counter-trendline. The breakout has occurred a couple of months ago and now the price retests it and the retest should act as a supporter.
8. A bit subjective but still, AB=CD from the top and the D point is inside the strong support level.
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
A bit cleaner chart :)
Good luck,
Vaido
Netflix: Update on our long term Buy.This is an update on our NFLX buy position since we posted the following trade in September 2019 when the price was trading on the $250-260 bottom:
We have called for a long term Target of $650 but in the mean-time told more medium term investors to start booking profits near the 385 - 415 Resistance. If you took that trade with us you should be almost +50% in profit. With 1D on a steady Channel Up (RSI = 62.074, MACD = 6.790, Highs/Lows = 8.4729), we think it is a good time to update this position and look at the more short term price action. That resembles the previous time Netflix reached 385. A Golden Cross comes as confirmation. If you are a short term investors book profits within 378.00 - 385.00.
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Comments and likes are greatly appreciated.
Facebook: Higher High on 1W. Potential pull back.Facebook has been trading within a 1W Channel Up (RSI = 69.832, MACD = 8.020, ADX = 41.061, Highs/Lows = 15.2786) since early February 2019. Right now the price is only a fraction below the pattern's Higher High trend line which is typically an early bearish signal.
On top of that both the MACD and RSI indicators on the 1D chart have reached their respective multi month Resistance Zones. This is an additional sell signal. As FB has been trading within a narrower 1D Channel Up since the October Low, our short term Sell Target can't be below the Higher Low trend line (dashed line). Since the former July ATH at 208.50 matches perfectly on the trend line, we will take that as TP (target/ take profit). Notice how well the 1D MA50 comes for support near that level.
It can be argued that the 1W Channel Up has a gap to fill much lower for a Higher Low, but it is too early to discuss that. If the MA50 breaks, then the MA200 may come for support and accumulate buyers without reaching the Higher Low trend line. And since Facebook is on a long term uptrend it is best to buy such pull backs (when/ if they come) and not sell.
~~~ Our previous long term call on Facebook issued last September with the 220 target hit:
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Beyond Meat: Lower buy opportunity exists.BYND topped yesterday following an impressive comeback from the November - December lows, which gave a strong bullish signal as the RSI was on a Bullish Divergence. This turned 1D extremely overbought (RSI = 85.585) and it was only natural to see investors booking profits first chance they got, and that was near the 137.00 Symmetrical Resistance.
With the rest of the technical indicators pointing towards a healthy uptrend (MACD = 6.860, ADX = 32.540, Highs/Lows = 29.3471) the trend seems sustainable. Investors however should first see a clear new low (higher low) before re-entering. By our projections this will most likely be 97.50 - 91.00 Symmetrical Support Zone. 108.00 is also a candidate (but a weaker one) so tight SL is needed there. Medium term TP Zone: 160.00 - 172.00.
~~~ Our last Buy Call on Beyond Meat:
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Comments and likes are greatly appreciated.
SWKS BUYBuy signal at 123.10 $
Skyworks Solutions Inc . designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company's analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. Its geographical segments include the United States, Other Americas, China, Taiwan, South Korea, Other Asia-Pacific, Europe, Middle East and Africa. This company develops 5G technology.
If you want to see more history of this strategy, I will able to show you if you request me.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
Take-Two Pulls Back After Breaking ChannelVideo-game maker Take-Two Interactive traded in a very tight range since October. But now it's broken above that channel and is potentially finding support at its old resistance around $125.
TTWO, owner of titles like NBA2K, is a classic growth stock -- the same kind of company that's come back into favor recently as the Federal Reserve keeps interest rates super low. It's had a decent earnings history, with the stock advancing after the last three reports. The next set of numbers is due in early February, which could boost interest in the stock going forward.
The entire videogame group also stands to benefit from the growth of Alphabet's Stadia cloud-based platform, and analysts have identified TTWO as a beneficiary of the new service.
TTWO also seems to be working its way out of a long-term cup-and-handle pattern following last year's dive toward $84. The recent high around $116 is potentially the higher low / handle part of that pattern.
Given the old resistance at $125, traders may want to use that level for risk management. Above it, buyers may look for a move back toward the hold highs near $140.
Breakeven Q1 2020 - Targets 8.4p/11.8p/15pA great business here, having invested previously & sold for 38% I have now started buying again for a longer run as business aims to break even by Q1 2020
Targets: 8.4p / 11.8p / 15p
Very bullish on chart, check MACD on daily where it's crossing
Headsets to breakeven: 400
Martin CEO has 8.41% of the company & whole BoD together about 15.6% so therefore aligned with shareholders.
Could this company do a Bidstack like rise? quite possibly but in this case it will be due to numbers as they aim for 1000 headsets by end of 2020.
Will be posting more notes very soon over on twitter.
Short position on NASTechnically it can be seen as long term downtrend starting. Until the resistance is doing the job, Nas would fall down eventually. It is a strong probability that Nas starting its long-overdue correction, but could be wrong too. Stop-loss is set from 30 points from the entry, potentially big win if right. If tunnel movement formed in the price we could see big 200 points down movement Fundementally, lots of going on: tensions between USA and Iran, trade war, oil price hike. Previous Gold trade thankfully capitalized me strong.
Salesforce.com Had a Cup and Handle. Is a Breakout Next?Salesforce.com is a classic growth stock, with high multiples but also steady expansion of its products over time. It's exactly the kind of company cited by William O'Neil in How to Make Money in Stocks .
That classic trading book teaches readers about the "cup and handle" pattern that often occurs in secular-growth stocks. It's a high basing formation following a big rally. O'Neil's technique is to watch for smaller pullbacks to produce a tighter range, looking for a potential breakout to new highs.
CRM may have that potential setup now -- especially when you look at the October low (above $140) versus the August low (around $138). That was followed by another higher low at the 200-day simple moving average (SMA) around $156. A "golden cross" pattern occurred around the same time in early December.
CRM's fundamentals have been solid, with strong results the last two quarters and the potential for synergies after acquiring Tableau Software. CRM is also on pace for a bullish outside week (higher high and lower low), plus its highest weekly close ever.
PayPal Finds Support at Old ResistanceOnline payments giant PayPal gapped higher on a strong earnings report in late October. It had plenty of downward momentum at the time, and some resistance points around $108 prevented much follow-through. PYPL also slammed into its 200-day simple moving average (SMA) and a declining 50-day SMA.
But that was then, and this is now. Has the stock paid its dues as MACD ramps higher? A bullish note from Wedbush drove the shares above their channel on Monday, and they've consolidated there since. Now it looks like the old $108 resistance level is turning into support.
This gives traders a potentially key price area for risk management. As long as it holds, buyers may trickle in and look to ride PYPL back toward the old peaks above $120.
CQQQ, trying to etablish an uptrendAMEX:CQQQ on daily charts is trying to finds its wings to fly, awaiting clear direction
I have showed a few cases here, where after a significant up-move, we had a double top formation and also bearish divergence on the RSI, indicating high probability that the uptrend may end and fizzle out and then after a significant downside, price formed a double bottom, signifying that trend may reverse or at least bottom out.
Over the next few months, we saw a peak of 36% returns on investment since signal identified
As we speak, price is trying to break the $ 50 mark. At this stage, price is respecting the upward trending bottom channel but is failing to make higher highs, entering in somewhat a congestion zone.
Look out for this space closely as this may give us more confirmation on which way markets could break out
Happy to hear your views.
If you like what you see, please share a thumbs up and follow me for more ideas
Cheers
CGNX BUY 03.09.2019BUY signal at 45.08 $
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required.
If you want to see more history of this strategy, I will able to show you if you request me.
ATTENTION this strategy may has downtrend about 20%, so you can split your buy order, that you have not big downtrend.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
The signals rare but useful.
SWKS BUY 04.09.2019BUY signal at 74.17 $
Skyworks Solutions Inc . designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company's analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. Its geographical segments include the United States, Other Americas, China, Taiwan, South Korea, Other Asia-Pacific, Europe, Middle East and Africa. This company develops 5G technology.
If you want to see more history of this strategy, I will able to show you if you request me.
ATTENTION this strategy may has downtrend about 10-15%, so you can split your buy order, that you have not big downtrend.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
The signals rare but useful.
*I've rewrite this idea because I wrote the same idea for English (IN).
SWKS Take-ProfitSell signal at 102.10 $
Skyworks Solutions Inc . designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company's analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. Its geographical segments include the United States, Other Americas, China, Taiwan, South Korea, Other Asia-Pacific, Europe, Middle East and Africa. This company develops 5G technology.
If you want to see more history of this strategy, I will able to show you if you request me.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
The signals rare but useful.
$FVRR Technical Analysis $FVRR Fiverr is an online marketplace for freelance services. Founded in 2010, the company is based in Tel Aviv, Israel, and provides a platform for freelancers to offer services to customers worldwide. Starting to get more attention after bouncing from oversold territory when it hit 52 week lows here a few weeks ago. It's setting up to break 50-Day MA ($21.68) once over $22.00 confirmation of uptrend reversal. Not much resistance to $24.00 from here. First PT: $23.97 Second PT: $24.70 !
$RESN Chance To Break Previous Highs?Volume is up over the last 45 days compared to 45 day period prior. The penny stock's news didn't hurt but what will help it go that extra distance
"Resonant Inc ( RESN ) enjoyed impressive gains on Wednesday. This came after it announced the agreement of an important deal. Resonant is involved in changing the ways in which radiofrequency front ends are designed. Yesterday, it announced that it had reached an agreement with radiofrequency and module provider Murata Manufacturing Co." *
About RESN
Resonant Inc is a late stage development company. It is developing software, intellectual property and a services platform to increase designer efficiency, reduce time to market and lower unit cost in the design of filters for radio frequency front ends for mobile device industry.
SOURCE: Are Penny Stocks Worth It? 3 Up Big In October
Technology Markets and Technology TrendsMake no mistake; technology markets make the world go around. Or at least, they make it more exciting. How? Just check out these technology trends you should be watching.
At the same time, you may want to check out the companies that develop such technological advances. Spoiler: Stark Industries not in the list!
AI/AR: Go After Tech Stocks!
These technologies aren’t altogether new. Companies have been using artificial intelligence and augmented reality for a while now.
But these technologies are still in their infancy, meaning we have yet to see a real-life JARVIS. Just imagine a fully functional digital butler!
Companies constantly invest their cash on AI, machine learning, and deep learning, hoping these techs will improve their business processes.
For investors, examples of public companies that invest in AI and AR technologies include:
Amazon – “Alexa, play Despacito.”
Google – Too bad Elon Musk (the closest we got as Tony Stark) gave up DeepMind.
Nvidia Corporation – “No bullets left! Come on. These zombies look too realistic!”
Tencent – “We’ll take eSports by storm! And pandas!”
Don’t Shout at the Cloud!
Cloud computing is a thing. This refers to the use of server networks on the internet for data storage, management, and processing.
We’re calling it: there would be a time when local servers and personal computers would play the tiniest role in computing.
But hey, you don’t need to go all geeky and become a programmer yourself to appreciate cloud computing.
All you need to do is look at the following companies making headway into this information technology advancement.
Red Hat – Infrastructure-as-a-Service (IaaS) cloud is a mouthful, but it works like magic
Oracle – The Oracle partners with Microsoft to bring *drum rolls* multicloud!
Dropbox – Think outside the box? Here’s a new one: think (and compute) with Dropbox!
Internet of Things
We’ve heard of the internet—an interconnected network of networks, where you get your latest cutesy cutesy cat videos.
But what if we got:
Interconnected network of devices
Interconnected network of content
Interconnected network of services
Interconnected network of people
Sounds tight, doesn’t it? We’re getting more connected as technology trends get even better. With the IoT tech still in its infancy, we can expect more to come.
Watch out for developments from these companies:
Magneto IT Solutions – It’s not Professor X’s frenemy, but it sure is a huge upcoming power in IoT tech.
Verizon – Yes, Verizon is here. Spoiler: its merging partner, AT&T, will make another list
hand holding phone IoT concept – Finance BrokerageBlockchain
The concept of a decentralized, distributed public ledger may have been laughable before. But thanks to Satoshi Nakamoto, the blockchain proved the skeptics wrong.
Cryptocurrencies are booming along with the underlying technology behind it. More governments are going crazy about it, and its mainstream appeal is increasing.
It’s a bit complicated, but let’s say the blockchain technology allows for a more secure, faster, and more efficient transactions.
We’re calling it again: a day will come, and you’ll do your trading on a blockchain platform.
Wait. If you’re trading bitcoins now, you’re already doing this, which means we’re right!
The point is blockchain has proven itself worthy of traders’ attention. And it will continue to do so. Just look at Facebook’s Libra. Or Ant Financial (Alibaba Group. Or the Winklevoss’ Gemini.
Your portfolio just got a bit bigger!
In 3, 2, 1… 5G Networks!
Just imagine those days when the biggest technological advancements we had were phones with antennae and text messaging capabilities.
Then we had phones and computers that can capture pictures and surf the net.
Fast forward to 2019, we’re on the brink of using 5G networks. That means if you think the 4G LTE service you’re using now is already fast, you’ll get blown away by 5G networks.
For comparison, just imagine that 4G LTE is a speeding cheetah, while 5G is close to Superman when he’s reversing the earth’s rotation.
For investors, the companies to lookout for include:
Huawei – Easily the biggest dealmaker in the field of telecommunications equipment
AT&T – We’d also be surprised if this company weren’t on the list
Samsung – This one, too, would always make any list when it comes to smartphones.
Basically all the most popular smartphone and equipment companies out there. They can’t afford to not adopt the newest standard, you know.
Conclusion
So, there you have it, the 5 top technology markets and technology trends you can watch out for this year.
Trading the stocks of these companies will (although some of them have yet to go public) probably take more time and effort. But that’s investing.
Be ahead of the curve and consider these your best tech market bets!
Get daily updates on Technology Market Trends
Harmonic Cypher Final Data from Robarts study coming September, in Spain. To learn more about TAEUS, click here .
Company ran by ex-GE executives. TAM is in the Billions of Dollars $$. Low float.
Recently broke long-term down trend. Daily, Weekly, Monthly charts #BULLISH. Fibonacci convergence at 618 fib (projection) into September time frame.
Follow me on twitter and instagram @ #VolatilityWatch
Disclaimer: I am long NDRA. This is not a recommendation to buy or sell. Please do your homework before investing.