Google_(NASDAQ:GOOG)_May_11_2018Since the 2000's Google has always been a growth story. As individuals in this information age it is hard to imagine a life without GOOG. From searching up information to sharing photos, advertising to booking flights, google has become an indispensable part of our lives.
Privacy concerns since the publication of Cambridge Analytica's activities dented the growth of the FANG stocks for a short while but the growth seems to be on track now. With the recent product demos involving AI and Machine Learning, I feel that Google is going be a lead player in most markets (if not by itself then through partnerships; such as the partnership with Walmart to prevent Amazon from cornering all the product search market). There will surely be competition, but Google has the first mover advantage.
The current pattern seems to be that of an ascending triangle (which in general is a bullish pattern). However, I would wait till a breakout occurs before buying into it. If I want to take a really long position, I might buy when there is a slight pullback from the current levels where there is support from the hypotenuse of the ascending triangle.
However, the risk is that the FANG stocks trade at incredible valuations (high P/E; an indication of their future earning potential). Any big shock to the market is going to send these crashing down till the market reaches some kind of equilibrium as evidenced by the Facebook and the Cambridge Analytica incident. Happy trading!!!
Technologystocks
IBM Pullback?In my humble opinion there was a sort of overreaction triggered by short selling yesterday upon IBM's earnings call. Numbers were not great and guidance was lowered. Nevertheless, the blue chip has created a stronger position to capture growth in the IT business related to cloud computing, cybersecurity, and artificial intelligence technologies (15% yoy growth).
I predict a short-term movement upwards shortly after the consolidation period or even today. Do not miss the rally to the support/demand zone, which serves as moderate price level for the IBM stock. The average lowest price target by analysts is $152.00.
However, there is also a strong possibility of decline if bears attack again. Evaluate a stop loss that take into account a false break out scenario that may likely bust the upward breakout in direction to the support zone.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
IXIC: Bubble or Brief Bear Market?I'm going to share some of my thoughts on technology stocks, and talk about why I am concerned about the future of tech stocks / Nasdaq composite.
The red boxes indicate major pullbacks, the blue boxes representing short bear markets. One thing to note is that the bear markets indicated in blue are tradable, whereas the major pullbacks in red really aren't. Through this analysis I'm attempting to determine how much longer the Nasdaq/S&P 500 as a whole will remain tradable in the near future.
Throughout this, I will not be focusing on fundamentals, rather technical and trend analysis. My personal philosophy is that it doesn't matter how healthy the company, humans are emotionally driven (I say this despite the fact that the majority of trades are executed by artificial intelligence/bots, but who made those?). I prefer simply to look at trends which display a mixture of human emotional sentiment and fundamental health surrounding the company.
As I discussed in my long-term analysis of the DJI, crashes are often correlated with large deviation from moving averages (in this case I'm using 25M and 150M moving averages). The IXIC hasn't even hit the 25M moving average in over 6 years, and is well above it currently.
Another thing I want to look at is the nature of the run leading to a drop, and what it has looked like historically. Looking at the dotcom bubble, we see massive runs up before ultimately the realization that everything (for the most part) was getting overvalued due to emotionally driven and speculative trading. We see this less so with the 2008 crisis, but the dip is more pointed, like a triangle (or one of these symbols ^), as opposed to rounded like we see with a mini bear market. Currently IXIC looks more pointed (I'm sure there's a better term for "pointed", but you get the idea).
The last thing I noticed was that there was large deviation from the SPX during the internet bubble, and once it popped, they were congruent once more.
What I'm doing to prepare / be cautious of a potential dip: I haven't been fully invested since I added more money a few months ago. I am playing relatively safe and locking in gains pretty early. This has allowed me to make some small gains even throughout this shaky market. I would cite percentage gains but It's a little complicated since I just added money, it would get skewed, but I am indeed in the positive for the month, and for the last two months, despite the turmoil surrounding the market. If you don't count the added money, I'm up about 7% in the last 2 months. Currently I am completely uninvested as I expect some more pullback.
Note: I copied the idea of notating the full corrections and mini bear markets as red and blue, respectively. I've linked that idea below.
What do you guys think?
-Kristian
AAPL short idea for the next week or twohi all based off of fibonacci extensions and my special entry system i am looking at a short of AAPL for the next week or two. i am using fibonacci retrcement for my tp levels. im also using previous support and resistance levels for probable revesral points. we will see how it goes.
if you like this analysis please follow my team and i here
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Atari forecast in next couple of daysThis analyse used Fibonacci and my indicator call "Min_equity_Thesis_indicator" in Public library of Trading View.
I estimated the way of the Atari over the next day. In fact Atari with its new crypto strategy will go up in long term.
But in Short term my signal is short with a target price of 0.60.
If you have any comment, let me know.
Archos forecast in next couple of daysThis analyse used Fibonacci and my indicator call "Min_equity_Thesis_indicator" in Public library of Trading View. I estimated the way of the Archos over the next day. In fact Archos with its new crypto strategy will go up in long term.
But in Short term my signal is short with a target price of 1.23.
If you have any comment, let me know.
Snapchat will keep losing money fastI know from my own experience as an online entrepreneur how hard it can be monetizing a platform or website. Look at twitter the stock has been in decline since ipo and only now the turnaround is starting to work out. The same fait is waiting snapchat long term. Yes they do have a lot of users but most are youth and it's very difficult to show ads on a platform like snap. Advertisers are not interested in this. I would not hope on an acquisition by a larger corporation. Facebook doesn't need snap.
I have bought long dated put options and short ones with different strike prices to bet on a decline. In the long term i see snapchat going below 8 dollar per share. Short term i believe the stock price is going to 12 dollar.
Earning play pt 2IBM has gapped up since yesterdays open. Looking at prior earning reports the stock does provide us with the volatility we need to profit off this earning. The RVI is backing this idea with the breakout in the trend. However, the RSI is showing this stock could potentially be overbought and a short-term sell off could occur. Also, the 50 MA is providing the support for the stock. Potentially, a short and long hedge could be played here.
Aquabounty Technologies INC, The Current Giant Gainer Aquabounty Technologies has been the biggest gainer currently and this gain came during a really bad performance. It was leveled at a strong channel of around 3.10 to around 3.30. It went on a very big bullish run and it broke 8.55 today on a very big scale. A downfall of 4.50 to around 5.10 can be expected. The stock will surely find support at 3.05 to 4.05 channel and keep that form until the end of February where it will have small upswings and downswings but it will definitely not lose its form of the channel.
Ok, Google. Let's go up!Recommendations for opening positions on binary options:
1) HIGH - The first hour after market opening
2) HIGH - Until the end of the day and until the end of the week.
The main reasons:
- The daily chart says that the next candlestick should be green at that price level
- The Support level all timeframes is confirmed
- The technological sector is growing
- The beginning of the new week
Micron in an upward high-fly possibility ? Technology super fly Mircon has been performing very well for a longer period of time keeping its trend nicely on the line. Recent market pessimism has put the company under pressure, although not for a long, it has re-emerged and now it seems like forming a short-term pattern - PENNANT while it has just started being above 50 MA! Once it breaks, it may fly high again.
Keep checking the resistance level !!!
ARKW ETF looks like a classic ABC move to me.looks like we are at a crossroads, will it go, or will it retrace?
Which ever way it moves in the next few weeks will likely be our signal to know how to play this out for the next 3 to 12 months.
A. just keeps creeping up, nice and steady, bulls keep control and just steps its way to target.
B. retrace, build up selling pressure, then during 4th Q, the bulls will take over and push it quickly up past 37 and off to target before end of 2018.
Either way, I predict the bull market will prevail over the next 3 to 18 months.
Long @ 2407Strategy: Buy @ 2407
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TCS was on uptrend and correcting it's uptrend after hitting 2700 resistance zone. Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave impulse move in nested manner. 2407 can provide good support level here to go long.