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Techstocks

Netflix: More upside potential. $700 realistic before profit-takNFLX is trading on a long term Channel Up on the 1W chart (log scale) since early 2013. Despite being overbought (RSI = 79.335, MACD = 45.450, ADX = 45.358, CCI = 303.3862) with the earning approaching, Netflix has still room to grow before the next selling wave within the Channel takes place. Both the LMACD and RSI are on levels where the price previously posted one last run to the Channel's Higher High, before it hit the Resistance Zone (red ray) and pulled back. We have a Target Zone for NFLX within 700 - 800.00. It is beneficial to add here that these long-term projections on NFLX have been particularly useful to our strategy. See our previous trading call on this stock in September 2019 when the price was trading at $260. The price is now more than double and approaching our (then) target of $650: ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:NFLXLong
by InvestingScope
2
DropBox Inc: My PositionCapital has been flowing into the tech sector since March of 2020. The only well known US tech company that I could find that wasn't hitting all time highs was NASDAQ:DBX . Low price shouldn't be the only reason you buy shares of a company. There needs to be other factors that confirm your contrarian bias. Fundamentally what I know about DropBox, is their valuation are extremely high. There is no true value here from an asset perspective, however, we have to remember tech stocks are disconnected from reality and investors are happy to pay a premium (this is not to say this can last forever. One fundamental thing I do like about DropBox is the tools they create. They are developing a business suite similar to Microsoft Office, rather than just being a cloud storage company, which is what has been their business model historically. Technically, I'm seeing a capitulation wick in march, an establishment of a base, and a breakout of that base, along with a breakout of the 100 and 200 week moving averages. There can still be decent pullbacks as this move gains some steam, so it's important to find a good entry point. I made my initial entry at $22.25. If this up move continues, my targets sit at $26, $35, and $40 . This stock has potential to make new highs as investors search for where to park their capital. However, this all depends on how well the federal reserve does with liquidity. We are in an interesting economic situation. I am closely watching $21 as support . If this is broken on the weekly chart, we are likely headed for $17. I will assess the position week by week.
NASDAQ:DBXLong
by micahjmiller
1
Twitter: Emerging Golden and MACD cross. Bullish mix.TWTR was rejected yesterday on the 37.00 Resistance which was the June 8th High. The 1D chart remains bullish (RSI = 63.007, MACD = 0.470, ADX = 33.487), the MACD made a bullish cross and the MA50 is about to cross over the MA200 (Golden Cross). This is a very bullish mix for Twitter and we encourage investors to buy either if the Resistance breaks, or on the next pull back to the 1D MA200. Our Target is 42.00. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:TWTRLong
by InvestingScope
Amazon: Achieved our 1 year Target. Expect a pull back on 1W.In February while the price was still $2,000 we issued a buy recommendation on AMZN to $2,800 - 3,200: In fact we were after the $3,000 target since December 2018 while Amazon was almost half of what it is trading at now: We are at the top of that Target Zone now and the 1W chart is once again showing exhaustion signals. It is not the overbought technicals (RSI = 84.087, MACD = 241.970, ADX = 60.038), but primarily the fact that the RSI has entered the red exhaustion zone which in July 2015 called for a pull back and two month consolidation. Our suggestion is to buy next month again and target 3,500 - 3,890. That is where we expect the next pull back (to the 1W MA50 potentially) to take place. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:AMZN
by InvestingScope
2
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. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:TSLA
by InvestingScope
8
Facebook: The 1 year pattern. Sell opportunity.Facebook has a unique sell entry pattern holding since April 2019. As seen on the chart, there is a +1 year trend-line of Higher Highs. Every time FB touches this line, it pulls back to the 1D MA200. Out of the previous 3 occasions, 2 times the 1D MA200 held while 1 time (COVID) it broke. At the moment FB is rising following Friday's strong selling but until it makes contact with the 1D MA200, we are not convinced that it is a buy again. We are selling on every rise and will book profit on the 1D MA200. See how we used this pattern last time in January to great advantage: ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:METAShort
by InvestingScope
2
APPLE 🟩🟨🟥 True Facts About Justin Bieber's Love of Apple💬Apple closed some stores for COVID related reasons in some states, but it also opened stores due to re-openings in other states. That is sort of mixed news for Apple. Meanwhile, the fear in the market over a bearish IMF report and some rising COVID cases is legitimate. Overall, however, there is logic and reason to bet on Apple. Apple just made a string of bullish announcements at their recent digital-only keynote and Apple's chart is generally very bullish and tends to respect support/resistance levels. Let's take a look at some Apple levels that the bulls will need to deal with to keep this tech giant's bull run going. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 S/R flip and pivot point is a logical place for the bulls to find support if they should need it. S2: The S2 orderblock is good backup support for the bulls. The market is a bit jittery right now, so it wouldn't be shocking to see a further correction and a reaction at S2. S3: Finally, the S3 S/R flip and price pivot point at the previous all-time high (ATH) range should hold if a more substantial correction ends up being needed. Apple has every reason to keep running, but no asset is immune to the eventual correction after a big run. Resistance: R1: The R1 orderblock at the recent swing high and all-time high is the only identifiable level of resistance for Apple. As the only current level, it'll be important for the bulls to break this one and find support on top of it. ----- Summary: There are two likely paths for Apple. One path we see the bulls quickly take out the all-time high and then find support on top of previous resistance. The other path we see a continuation down, likely after a rejection of R1. The path downward becomes more likely if the virus fears ramp up, as without fear it is hard to see why investors aren't rushing back into Apple. Resources: www.cnbc.com + www.cnn.com + www.npr.org ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
NASDAQ:AAPL
by AlphaBotSystem
ADVANCED MICRO DEVICES ($AMD) 💻 | New all time highs!?👨‍💻 AMD has been making advances in technology, earnings, and pure bullish price action on the whole. Despite some consolidation recently and the chance of more consolidation in the near-term, we still see upside potential for this titan of chips. Support. The S1 bullish S/R flip is a key support level for the bulls. Although rejection at this level could lead to "bearish" consolidation as indicated on this chart, we don't think this alone will jeopardize the uptrend. If we do go that direction, the S2 S/R flip and order block cluster should see a reaction and could present an excellent buying opportunity assuming we see continued strength in tech. Below that we have S3, which is a support of last resort. Resistance. The R1 orderblock and S/R flip cluster at the previous swing highs are bound to act as resistance unless the bulls can blast through it here. If breached, it then could become relevant as support. Meanwhile, the R2 bearish orderblock formed from the previous All-Time-High swing high is our next level of resistance after R1. Summary. AMD bulls want to see sustained momentum not only in AMD, but in tech as a whole. There is a pathway to a new ATH here, but any faltering and the odds of seeing consolidation, perhaps all the way into July 28th earnings, then becomes likely. Resources: www.earningswhispers.com 💹 Drop a comment asking for an update, we do NEW setups every day 💹 Like & Follow to help the community grow! 🐣
NASDAQ:AMD
by AlphaBotSystem
3
Nvidia is this sustainable?Hello everyone. So from a fundamental perspective Nvidia has great products and technology, the profit margins are also great. But a 70/1 P/E ratio? Does that seem sustainable? I mean how many years would it take for the P/E to normalize with the price staying the same as it is, to let's say 20/1 which is still high relative to historical standards. Maybe there is something out there that will quadrupple the earnings of this company in a short time. But let's we what the charts say shall we? Well from a technical perspective the stock is overvalued, the red middle line is the average of the trend. And as you can see the price is way above the growth average. Pretty much confirming that what the P/E ratio tells us. The problem is in this sort of mania the price could go up even more before eventually going down. It's not safe to short here. Just keeping an eye on this stock is the plan now. Also it goes without saying, I would never buy a stock at these technical levels and these valuations.
NASDAQ:NVDA
by MedianLineAnalysis
3
APPLE ($AAPL): Should We Buy the Dip (if We Ever Get One)?✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Apple is coming off of good earnings and their new series of upcoming iPhones was just leaked (so far there seems to be a warm reception). With a strong uptrend and a monster of a company, it seems unwise to do anything other than look for a long position. With that in mind, one could argue the tech sector is a little overextended and running right into resistance here, not only is that true for the sector, it is also true for AAPL as well. The bet here is that despite tech and Apple being bullish overall, a pullback for Apple if not the whole sector is in the cards first. The goal would be to find an entry at support and ride this monster of tech back to resistance if not beyond to new all time highs. Resources: appleinsider.com + www.earningswhispers.com --- 1. Fractal Trend is showing a strong uptrend (Aqua bar color) on the 2 hour chart. The pullback to the S1 and S2 support levels should still be contained within the uptrend and not initiate a trend change (bar color change). 2. With this strategy, we we want to enter long on bullish order blocks plotted by Orderblock Mapping (Blue) and bullish S/R levels plotted by Directional Bias (Blue). 3. There are two really clear levels of resistance from the range formed in the earlier part of the year. We are looking at those Bearish levels (Red) to initiate a healthy correction to our S1 and S2 levels. 4. With that all in mind, we will exit positions if Fractal Trend changes color, at any point. This will help to lock in profits and limit risk if Apple can't retain its uptrend.
NASDAQ:AAPL
by AlphaBotSystem
3