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Nasdaq: MA50 break-out aims at 8,300.Nasdaq has just crossed above the 1D MA50 on a very bullish technical outlook (RSI = 58.618, MACD = 2.240, Highs/Lows = 131.2143). The index is repeating the 2018 bull trend with the Highs and Lows price drops almost identical. As a result we have calculated the next High to be at 8,300 and this is our medium term target. Note that this comparison has been very reliable and helped us catch both the previous High and Low of the pattern: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:NQ1!Long
by InvestingScope
4
Facebook: Long term Buy Opportunity. Two levels to watch.Facebook has been trading within a long term 1W Channel Up (RSI = 53.674, MACD = 5.760, Highs/Lows = 0.0000) having only recently made its Higher Low. Technically there can be room for one more minor pull back near the previous Low as the current candle sequence resembles that of February 2019. If however the 1D MA50 breaks (blue line) the pull back bias are invalidated and the 1W Channel Up can continue rising towards a new Higher High. Our Target is 220.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:METALong
by InvestingScope
Are We Nearing The End of An Era? (Amazon & Netflix)In the last year or so, any time I've said to certain people that I thought Amazon, Apple, and other tech giants were in a bubble, they thought I was crazy. But now...I've noticed people are starting to worry. The chart looks scary. If the double-top is confirmed, and these guys break down below their December 2018 lows, we could easily see our first widespread stock market panic since 2008. Growth has stagnated, yet the job market is flourishing. Friends of mine are making six-figures right off the bat at tech companies I've never heard of, acting as glorified secretaries. Things don't add up. Where does this money come from? Back in December, I wrote a few pieces on why I thought big tech was going to slow down. My primary feeling is that things have changed too rapidly in our every day lives for us to both biologically and psychologically cope with all this innovation. I think people are pretty satisfied with the current level of technological innovation, but they're dissatisfied in other areas (income, family, relationships, etc.). Opioid abuse is on the rise. Why do you think that is? People are lost. When everyone starts to give up and look for other routes for fulfillment, there is a point at which people will refuse to pay higher prices for things that give minimal reward. That's not to say that I don't think there will be more innovation. I just don't really see us adapting quickly to this growth. I believe things really need to slow down. When people stop desiring the newest and best thing enough to pay for it, these companies stop making money. Guess what? The growth has been so unsustainable that they cannot afford to stop making money, even for a little while. It's totally ridiculous. The proof of this is the panicky response of the FED to any sort of potential stock market worry. They're like my 11-month old kitten. Articles keep popping up about how it's not time to panic "yet." The problem with these soothsaying excuses for journalism is that it will be too late. Even the media can't afford to lose money. No one wants a crash, because it would be devastating. But that's life! You can deny the hardships of existence all you want, but eventually things will turn bad. But hopefully, if things turn bad, they won't stay that way. Another pet peeve of mine is seeing two articles from Barron's within the SAME day: "Stocks Surge Because The Trade War May Not Be That Bad" and "Stocks Plunge Because The Trade War Is Far Worse Than We Imagined." Get it together! The trade war is not the primary cause of economic uncertainty. It's our own greed and our pathetic debt-fueled economy. People are already starting to heavily weigh the risk/reward of staying in certain equities. People are even getting out of more speculative markets like marijuana and smaller crypto projects because they're reducing risk exposure. Yeah, maybe stocks have a liiiiitle bit of upside. But the downside? Anyone with a brain can look at the two above charts and see that there is a lot of room to fall. These are shown in linear scale to emphasize the parabolic nature of the growth we've experienced in the last decade. I picked Amazon and Netflix, because I see their business models as particularly fragile. Too big to fall? Just look at these charts. There is hardly technical support after the December lows are breached until roughly 50% down from that point. What does that tell you about the nature of the growth? I could make an attempt to go into the real economic factors that would drive a 60-95% decline for many tech companies, but there are much more seasoned economists/analysis out there. I'm simply a guy who likes reading charts, sentiment, and particularly the psychology behind denial and delusion. Everyone's guilty of these things, including myself. That's the only way to understand it. In my opinion: Likelihood of sustained upside from here is less than 20% Likelihood of extended bear market (negative 60-90 percent returns) from here is around 60% . This could even extend into the latter half of the 2020's, marking the next decade with poverty and upheaval, but hopefully resulting in some positive change. Likelihood of a medium sized drop and then long consolidation I think is around 20%. That's only if regulatory and financial authorities figure out a solution. If we really start to see breakdowns, I'll probably post some more short setups for some stocks, just for fun. Netflix Bearish Targets: 230-245 130 82 46 (roughly 90% down from peak) Amazon Bearish Targets: 1320 693 288-300 (possible bear market bottom) - Roughly 85% decline from peak. As you can see, the potential deepest retraces for these equities are perfectly in line with previous bubble pops. We may not ever get down there, but there is substantial risk for it to happen. As for where all that money will go? Already some of it is fleeing towards precious metals and a little bit of Bitcoin. Buying property with cash is probably something people are doing as well. It'll be really interesting to see what happens. It would be silly of me not to mention potential upside, by the way. I said I thought it was unlikely at this point (particularly due to the inability of the Dow Jones to sustain a new high above 27000), but it's perfectly possible if a magical stimulus is introduced that pumps the market with more fake money. Based on the potential double-top in the Amazon and Netflix charts above , it seems that people are no longer falling for these shenanigans, but you never know. Microsoft, for example, has blown past the potential double-top target from earlier this year (chart linked at bottom). MSFT is an outlier though. I posted a fractal analysis on the DJI a while ago. The in-depth analysis below shows that there could be more upside before the fractal potential completes, sending us into a downward spiral of uncertain depths. In this chart, you can see that the "mania" phase might have been short-lived compared with 1929. At least that would mean downside may not be as severe as the Great Depression. This is basically me ranting my opinion. No one should take this as financial advice. These are purely my thoughts on the current situation. Thanks for your support! -Victor Cobra
NASDAQ:NFLXShort
by VictorCobra
10
Entered my first marked "Buy Zone"NASDAQ:DOCU DocuSign entered my first area marked as a "Buy Zone", and where I had set a limit order. I now own some shares at 44.01, and have set my next limit buy in my second Buy Zone at 36.31. Depending on price action, I will either wait to buy there or add more in this area. Between 40 and 37 is my "No Man's Land" where I would be in limbo. This is a buy based almost solely on growth prospects, as I see the Fintech sector as being a strong leader in the future. One day your grandkids grandkids will have a dollar bill framed on the wall explaining to their kids how people used to have to carry around these dirty pieces of paper everywhere and hand them to other people. (Which they will be thoroughly repulsed by) DOCU is not a fintech company; however it stands to benefit greatly by the rise of fintech through the quick, convenient e-signature that will soon be a staple of all credit agencies/banks wordlwide. There are others inthe same line, but I am placing my bet on this recent IPO to be in its earliest stages of growth. Though the street hated last quarters earnings, the growth shown was staggering nonetheless. I like the company, I love the sector and all the various opportunities it presents. Happy hunting and GLTA!
NASDAQ:DOCULong
by UnknownUnicorn1314136
NASDAQ - Engulfing on 4H chart, more downsidside expected.Trade Idea Broken out of the channel formation to the downside. A mild correction has been posted from yesterday’s low, this is seen as a retest of the breakout level. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7500, resulting in improved risk/reward. Stop: 7570 Target 1: 7160 Target 2: 7000
OANDA:NAS100USDShort
by Signal_Centre
[DMF] Hmm, that last study on PS ended weirdly... Let's dig in!Hey Traders! In the last video we were analyzing DMF's performance against PluralSight (NASDAQ:PS) from 7/21-7/31/2019. Near the end of the video, I noticed that the study period ended with an open short position and I thought it'd be fun to do a quick peek at how it would have performed. DMF issued a short signal just before the end of the trading session on 7/31 which led to a substantial return. In fact, that one trade exceeded the profit of the entire study period in the last video! But of course an individual call is not a great representation of the strategy, so I expanded the time range to show how it would have played out with a broader view of price movement patterns on either side of that two-day study. Happy trading! Links: Directional Momentum Flux Strategy
P
by ccashwell
1
DMF vs PluralSight (NASDAQ:PS) - A Two Week Performance StudyHey Traders! Today we're looking at how the Directional Momentum Flux (DMF) strategy performed against PluralSight (NASDAQ:PS) during a study period consisting of the last 8 trading days of July, 2019. Overall, PS was rather subdued during the period (7/21 to 7/31/2019), but DMF was able to identify many momentum inflection points and generate a 13.66% return. Check out the video and join the discussion below! Happy trading! Links: Directional Momentum Flux Strategy
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by ccashwell
1
Adobe: One last round of volatility before the new bull run.Adobe Inc is pulling back inside a 1D Channel Down (MACD = -0.030, RSI = 51.065, Highs/Lows = 0.0000) after the late April High. Having made a Golden Cross formation in mid March, is waves a long term buy signal. But on the shorter term a tough phase is expected where the 1D MA200 should be tested again, most likely providing the necessary support for the new long term bull cycle. At least this is what happened on the last occurrence of the Golden Cross in in 2012. Golden Cross, then a market Top, same break below the MA50 inside a Channel Down and multiple tests of the MA200 which eventually held. Our long term TP for Adobe is 310. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:ADBE
by InvestingScope
Tesla: Long term buy opportunity.TSLA has made contact with the long term 1M Higher Low supporting trend line, which has provided strong rebound points since Nov 2013. This is the most optimal long term buy opportunity as 1W is approaching the oversold zone (RSI = 32.837). We are long on Tesla targeting 265 before the end of the year and 360 - 380 on a two year horizon. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:TSLALong
by InvestingScope
4
Netflix: On the verge of a new aggressive bull run.NFLX has made a Triple Bottom this week on 1D (RSI = 45.541). This calls for an immediate test of the 385 Resistance which is our short term TP. There is however an interesting development on 1W as well. This Triple Bottom may provide the base for Netflix's new Bull Cycle as in mid March a Golden Cross took place (1DMA50 crossing above 1DMA200) and the price has been on hold to break out higher ever since. The recent trade war news is the reason for this delay and 1W has managed to withstand the pressure by staying neutral (RSI = 53.528, STOCH = 52.597, Highs/Lows = 0.0000). This creates ideal conditions for a long term bullish break out similar to the last two Golden Crosses since 2014. In 2014 Netflix gained roughly +93% after the Golden Cross and until the next Death Cross (opposite). In 2016 it gained a striking +250%. It is obvious that the upside potential is much larger than the 385 short term target and can extend to 600 in a year's time. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:NFLXLong
by InvestingScope
1
S&P uptrend ending soonMomentum is slowing down as we approach ath and it looks price could reverse soon. Tech stocks: The FAANG bubble popped. We are at a prime area for return to normal bull run to top. Expect disapointing earnings fueling a selloff. Even if they are good we selloff anyway probably :p And drive the whole market lower. FAANG all in the same situation and big other ones too. We seem to be at a time where retail dominated markets reverse in that area. The chartguys whose videos I sometimes watch says that we could go up easilly if BioTech bounces. FAANG alone are 11% of the snp and every one watches them, the whole planet knows about them. Biotech is smaller and less people care and Theranos (eksdee). Odds look good or ok.
SP:SPXShort
by MrRenev
2
APPLE: Still bullish, aiming for another Gap upwards.AAPL has been on a very strong rise since the early January bottom, trading within a steady 1W Channel Up (RSI = 61.638, MACD = 3.680, Highs/Lows = 11.9657) with clear Higher Lows (entries) and Higher Highs (exits). Every Gap of the late 2018 correction appears to be a target for this Channel Up, which later is turned into a Support. In that sense the current Support Zone (buy entry) is 196.23 - 198.85 and Target Zone is 213.25 - 217.45. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:AAPLLong
by InvestingScope
4
Amazon: Golden Cross spotted. How did this trade in the past?AMZN posted a Golden Cross formation on 1D (MA50 crosses over the MA200) yesterday following an impressive EPS. Technically this is a heavy bullish signal. It is productive to look at how this pattern traded in the past. Since the 2008 Sub-prime mortgage crisis this pattern has been printed another 5 times: * In 2016 it emerged shortly after a Death Cross (the opposite formation) and after an initial 4 day pull back it gaped up aggressively. * In 2015 it emerged shortly after (around 20 days) a gap up and after an initial pull back and consolidation it gaped up again aggressively. * In 2012 it emerged again shortly after (around 20 days) a gap up and after an initial pull back and consolidation it rose aggressively. Note that the candle action is quite similar to the 2019 setting in duration and formation (Death Cross followed by Golden Cross). * In 2010 it emerged after a strong bullish run, consolidated and continued higher on a steady Channel Up. * In 2009 it emerged after the 2008 crisis bottom was formed (a little over 4 months), and continued higher on a steady Channel Up. Note that the candle action is quite similar to the 2019 and 2012 settings in duration and formation (Death Cross followed by Golden Cross). As you see in all cases AMAZON rose significantly after the occurrence of the Golden cross. In 3 out of the 5 cases the price even pulled back on the very first few days, so if that happens again it shouldn't mislead investors. Also in all cases the formation occurred after a Death Cross, with 2015 being the longest, 2016 the shortest and 2012, 2009 very similar to the current (2019) candle sequence. Taking into account all the above, we are remain bullish on AMZN targeting initially 2,040 and 2,300 in extension. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:AMZNLong
by InvestingScope
4
$ENT $647,000,000 in Revenues for 2018 Highly UndervaluedTons of Insider Buys from May, 21st to June 11th last year $10,742,000 worth of shares bought, tells me something that was in the making that could potentially take a year to resolve or complete is possibly coming up. Only thing that has me puzzled is the immense PPS drop recently. seekingalpha.com 2018 Full Year Revenues: $647,000,000 4.5% Increase Year over Year Adjusted EBITA $73,100,000 7.5% Increase Year over Year 2018 4th Quarter Revenues: $160,600,000 Adjusted EBITA of $17,000,000 Equipment Sales grew 34.5% Year over Year 150 New Aircraft installations forecasted for 2019 Here's some other DD: 1. CEO's goal is to achieve positive free cash flow by 4th Quarter 2019 2. Installation pace doubled from 4th Quarter 2018 to 1st Quarter 2019 3. January launched commercial service 4. 15 Air France aircraft in live service 5. Free messaging alongside paid browsing packages which offer over 300 movies and TV episodes 6. Touch Free via Satellite 7. 100+ Connected devices each flight 8. Launched Q1 2019 Captive Portal on SouthWest flights that saw a 40% jump in devices accessing the portal 9. Lauching Wi-Fi and TV support for Southwest Hawaii routes 10. Launched paid services on Norwegian flights in 4th Quarter 11. Signed new contracts with Norwegian and Disney cruise-lines Much more in Transcript please read it.
ELong
by StockGuild
Biogen Inc: Rare Long-Term Buy Opportunity.Biogen has lost over 30% of its value this month. Looking at the monthly chart, we have concluded that this is a rare investment opportunity as the current price is just above its 1M Support Zone. Historically we see that such an aggressive sell off recently took place in 2015 - 2016 and again the stock managed to recover almost reaching the 390 Resistance again. This pattern may be similar to the one the long term (~10 year) consolidation that took place after the 2000 peak. The price then traded sideways roughly within 17.00 - 71.00, providing a buy opportunity on every major pull back. We believe such an opportunity is presented now. Every dip near the 180 - 205 Support Zone can be bought with 350 - 390 as the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:BIIBLong
by InvestingScope
1
Amazon (AMZN) to 700 Within 15 Months? Or Blow Off Top?Since my first Amazon analysis, we rallied higher towards a potential double top target, but we met resistance pretty quickly and have begun to drop. There's no need to panic yet, because it seems like the uptrend from 2015 is still intact (in orange). However, if that fails, we may have to head all the way down to our long term log support (in purple), especially if the recent low at 1300 falls. If we follow this descending resistance (in red), this would give us a bottom target near 700 by June, 2020. Total speculation though. A correction is needed in the tech space, as many of these stocks have risen too high for too long. This sort of growth is unsustainable, and we're already seeing some warning signs (jobs waning and earnings not as stellar as they expected). I've already talked at length about why I think the tech bubble needs to pop in my other analyses, so I won't write more about it here. In any case, if we happen to move up from here, we might have a blow off to the top of the channel. As you can see, that would take us above 2000. In sum, trading setups would be - SHORT breakdown of 1300 - target 700 LONG the breakout towards 2200 (a little more risky, but a possible scenario nonetheless). Zoomed Out: This is not financial advice. This is for future reference and speculative purposes only. I don't hold any positions in the stock market at this time. Previous AMZN chart linked at bottom. -Victor Cobra
NASDAQ:AMZNShort
by VictorCobra
What is coming next?Upon Friday close, there is now a standoff between bulls and bears. Pro: - Revert to dovish monetary policy - Lack of alternative assets to be invested in - Share buybacks are still propping up the market - Trend is very strong - Stock market manipulation is supported by banks and governments by any means. Neutral: - Institutional investors have shied away from this rally so far. - Completion of trade deal is priced into the market. Contra - Abysmal economic news - Debt bubble (car and student loans) is close to burst - Central banks are unable to fight the increasing risk of stagflation or to stimulate economic growth. - Stocks in general are highly priced. - Trump's governance is facing more and more controversies (e.g. bragging about China trade deal weakens USA position in negotiations).
OANDA:NAS100USD
by JaDeVin