Techstocks
Corrections are needed to create buying opportunities Refer to my related link below see the similarities in the charts, as you can see overall markets are breaking down on global tensions, inflation and FED interest rate hikes. most stocks have been parabolic for 6 years now, with March 2020 barely putting a dent in the growth.
Can see my limited risk entry points on MSFT. Doesn't mean if markets don't change I'm happy to buy back in until then research.
AAPL analysisIt looks like NASDAQ:AAPL is trying to come back up to break and close above the green line .If it succeeds to do so , then there is a high probability that it reaches the (200-203) area with a possible continuation towards the 210 mark , depending on how the market behaves around the 200-203 area. (The market must act with bullish strength around the 200-203 area in order to continue up to the 210 )
In fact if the market succeeds to break and close above the 210 , it would be reasonable to aim for the 255 mark as a second target .
On the other hand , if the attempt(s) to close above the green area fails , then the market might go down to the red area (155-157) which if broken , has a high probability to send price downwards to around the 137.5 .
TESLA made its long-term bottom. $1400 Q3 target.TSLA touched last Friday both the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). During the previous phase of the first 6 months of 2021, the price made a bottom when it hit this 1D MA200 - 1W M50 zone. In fact, as this chart shows, Tesla's price action since November is very similar to the first 6 months of 2021. The 1D RSI and MACD are identical, both phases made fake-outs above the 1D MA50 (blue trend-line), only to get rejected to a Lower Low.
In the previous phase, the price entered into a long-term buy when the 1D MA50 broke for the second time. As long as the 1D MA200/ 1W MA50 Support Zone holds, the 1D MA50 break-out shouldn't take long to happen. With every Higher High being a 0.5 Fibonacci extension level higher since September 2020, the next target to fill is the 3.5 Fib extension. We are setting a Q3 target on Tesla at $1400.
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PLTR. This Future Move Makes Sense. RE-POSTED.NYSE:PLTR was in a rising wedge before it made the recent 43% drop. Now, on the weekly, it appears to be forming a falling wedge . What this means is that we see at least one lower low, before we can break the top of the falling wedge , and eventually reach all time high. Currently, the falling wedge is not confirmed because we have only two touches on its bottom side. Moreover, RSI is sinking lower and lower with each new low. We wait to see a lower low corresponding with a higher RSI low, forming an RSI divergence. When that happens, then we have a trade setup with 80% to 100% upside, depending on where bullish confirmation occurs. For now, we just wait and see.
NFLX and BTFDLooks like this is another stock that I will be adding to my portfolio soon. In the coming 2-5 Months. This has been a more volatile stock as it's sold off 45%+ in the past and it's currently reaching/reached that point. Of course with inflation and rate hikes affecting high PE companies this one will probably be no exception and will probably be seeing more pain in the coming months. Also raising prices is not going to bode well for them in the coming quarters, affecting churn rates/new customers. 375 and 343 a next levels to watch for. looking to start adding around 370ish.
290 would be hell.
$AAPL Bearish FOMC Setup$AAPL follows $SPY almost to a tee with wicks and candles. The orange line is $SPY overlayed on top of the AAPL chart. $AAPL is in a descending channel and a break under the 174.43 level with a $SPY confirmation has a level from 174.43 to 172.31. Puts under this level have potential to fall all the way to the 170.34 level.
$XLE $SXLE 2022 Setup Perfect formation and setup for Energy stocks which I expect bullish performance till end of Q2 2022 and by then most likely 2 interest hikes will be already done. Then as of Q3 also due to base effect inflation will start to come down and rotaion will be from value to growth stocks.
on Weekly chart it is even more visible. My 2022 portfolio will be on precious metals gold and silver (more on silver) and energy stocks till June-July and then switching to beaten down tech stocks like ARKK, ARKG, SE, LSPD NOW etc.
FFIE: End of the Year PickMy last pick of the year is FFIE. I believe Faraday Future has been severely oversold. I also topped my account with more Nanox Imaging and Virgin Galactic. The pattern and trendline speaks for itself, and I think it is towards peak resistance levels w/ the tax write-off sales and end of the year activity. That said, everything you do is at your own risk. Do your own due diligence. This is on an opinion-basis and as-is basis, and not meant to be taken seriously.
NDXNasdaq looks like it still has the ABC down happening, the SP500 looks like it want's to push higher, while the nasadq looks like a H&S pattern can play out dropping tech stocks to 14,000 to finish wave C. I really don't like the mixed indices. When DJIA was pointing down for wave 4 but SP500 & NASDAQ were pointing up the truth was revealed that the dow jones w4 bears had the power to correct all markets. So we need to watch closely. The Evergrand news seems to be priced in though, so let's see if the bulls can NUKE the head & shoulders pattern and break out above ATH. I would add the a big crash to 14k would likely be the gas needed to pump NDX over ATH(just a thought)
Alphabet: Bearish Ending Wedge Formation - Selling OpportunityAlphabet - Short Term - We look to Sell at 2875 (stop at 2967)
Broken out of the channel formation to the downside. Price action has formed a bearish ending wedge formation. Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment. A lower correction is expected. Preferred trade is to sell into rallies.
Our profit targets will be 2575 and 2400
Resistance: 2925 / 3012 / 3019
Support: 2832 / 2708 / 2621
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$PINS less stress and more pinterest *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
This week my team has been investigating popular online product and idea discovery platform Pinterest $PINS. The company derives the majority of its revenue from selling digital ads. Last weeks 2nd quarter earnings reported an earnings beat of $0.36 per share on revenue of $632.9 million. The companies earnings weren't the greatest, but after downtrading for so long $PINS finally appears ready to soar once again.
After correcting from an all-time high of $89.9 $PINS currently trades at just $45.8. Incredibly cheap shares!
My team entered $PINS this afternoon at $45.5 per share and we plan to take our first profit at $53.
This company is a no-brainer hold at these levels.
OUR ENTRY: $45.8
TAKE PROFIT 1: $53
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HOOD trading tightening up. Finally some positive news?Okay, there is no denying that Robinhood has been a dumpster fire.
Between all the bad press with trading halts and outages, then the IPO was very obviously less than spectacular.
But my hunch is that we may be bottoming very soon, with a large amount of institutional money, they won't be letting this fail.
But we can let the charts tell that story.
SONOS (SONO) to explode higher post Q4 EarningsFundamental Analysis
Sonos is a technology company, that specializes in the home audio, wireless and multi-room sound systems. It's major competitors are Bose, JBL, Harmon Kardon, Cabasse in the higher-end home speaker space.
The firm sells a wide range of audio devices including connected speakers, subwoofers, soundbars for TVs and more.
Sonos made a big step in the right direction earlier this year, when the company entered into the popular portable smart speaker segment with its $179 mass-market Roam speaker.
The company has also seen a significant increase in demand for its products as a result of the consumer shift towards modern, connected devices, smart homes etc. and this tailwind is expected to continue to push the company forward as more people spend on home-based upgrades. Recognizing the fact that the company relies heavily on its hardware sales, the senior management at Sonos has slowly but surely began to diversify the company's business by introducing new services and features to its clients. The most recent one was the Sonos Radio HD, which is an ad-free streaming tier of its music service competing directly with the likes of Spotify and it costs $7.99 per month. Following the example of the leading tech giants out there like Apple (AAPL), Sonos wants to build an ecosystem of products and services that will increase the loyalty to the brand, its revenue streams and overall efficiency.
Sonos revenue climbed 11% in FY19 and 5% last year. Analysts expect call for its 2021 (year ended October 2) sales to surge more than 30% to over $1.8 billion, with FY22 projected to jump another 13% higher to come in at $1.95 billion. The company is expected to swing from an adjusted loss of -$0.18 a share last year all the way to +$1.11 in FY21, with FY22 set to climb another 6% higher.
Technical Analysis
From a technical standpoint, the stock has been in a sideways consolidation trading range in the last 8 months, after the huge BULL run in the Sept. 2020 - March 2021 period. We saw the stock failing to break the ATH resistance at the $44 mark on few occasions earlier in the Spring. Since then, the stock has been stuck within the broad $31-$44 range, with few sharp rises and declines. However, most recently we've seen a strong pickup in the bullish momentum for the stock heading into its Q4 Earnings report, which is scheduled to be released on November 17th after the market close. This shows that investors are positive about the future of the company and as a result expect to see the stock moving higher. We are seeing both the RSI and the Stochastic oscillators trending upwards on their daily graphs. The current position of the stock with respect to the above-mentioned price range as well as the upcoming earnings report, combined with the 4 straight Earnings beats that Sonos has produced in its last 4 EPS reports, we expect to see a major move to the upside for the stock in the coming weeks.
We see Sonos moving easily towards the higher end of the price range around $44 per share before the end of November, where it will face certain selling pressure as many pending SELL orders are waiting there. However, we believe that the stock will ultimately manage to break above this strong resistance, which will then open up the door for a strong rally towards the $55-60 range in Q1, 2022.
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NAS100 NEW ATH 16368! NAS HAS BEEN ALL GAS NO BREAKS FOR THE LAST 30 DAYS (Q4 BULL RUN)
Tech is at an all time high world wide with WFH continuing as well as vaccine mandates that have citizens returning to office.
The recent crypto run can be said to be a fuel to the NAS fire. TESLA going to 1K+ is another great indicator of a healthy nas bullish trend.
I would love to see a slight pullback to my blue liquidity box 15600s before the rocket to 16300s!
OCT was all green for NAS with a full-body close with no top wick.
Currently 450 points away from this short term goal. Does nas want 17-18K to close 2021?
(NAS IS UP 3400 YTD)
Nasdaq bounce may be done - buy SQQQOn QQQ daily, price took a sharp bounce and has come up to resistance (lower yellow line). Today's small indecisive candle may be a warning sign.
Also, RSI 14-day dipped below 33.33 (in oval) and so there should be more downside and RSI should stall between 60 and 66.66 (pink line).
In place of QQQ puts, buying SQQQ is a good idea to hedge your account if you want to hold long positions. It will increase in value if tech stocks sell off. The black line provides a downside target.
The monthly chart on right is for macro planning. This last two month's churn can continue lower, so it is a good time to make a list of stocks you want to buy and set alerts for lower support buy targets. Do not pay too much for overpriced stocks.
Keep in mind with hot inflation and the 10yr yield staying high, the November Fed meeting will move markets.