Shopify #shop $shop making NEW 52-week.Shopify not only made a new 52-week low today, but we are also looking at buying it for prices not seen since pre pandemic. Prices that it had ran up into without the $ printer running #Brrr.
Making this price range all that more significant.
I have a theory that possibly some of these riskier assets and tech/fintech plays end up finding their own bottoms long before the actual SPX etc. and other stocks.
I think that the more aggressive declines they dealt with earlier on has created a situation where they are ahead of the curve on finding their actual base values and building a structural floor for support ahead of the rest. Possibly kind of like the decoupling we are waiting for from Crypto in general.
Stocks like Affirm, Teldoc, Zoom, Zillow, DocuSign, Sofi might also do similar.
#Tdoc #sofi #zillow #Zoom #Docusign #afrm watch for similar theories to play out, I'll try and keep up to date on it and keep opportunities posted for others. But while researching and thinking for yourself those can be ideas to consider and watch for plays based on.
Ticker
MSFT MICROSOFTA higher high has been formed suggesting a short term change in trend.
However, there is no confirmation until the $316 region is taken out.
As long as we remain below $316, expect bounces to be sold.
In the near term, I expect $250-$260 zone to be a good buying opportunity.
As long as last week's $246 low holds, expect dips to be bought for a move to 296-305 supply zone.
Bullish in short term, bearish long term (as long as we’re below 316)
CAT-LongCAT is breaking out of a long term pattern. Breakout is with a strong volume. Some money surely preparing for a worldwide recovery from covid-19. Recently lots of analyst recommended the stock based on its fundamentals. price to sales ratio is very attractive. Dividend paying stock projected to have 39% higher EPS next year. So boys from Wall street are now adding. This is just an opinion. Do not buy or sell any financial assets reading this post. This is just for educational purposes. Do your own homework before putting your hard earned money based anyone's post.
Analysis and Forecast EUR / USD - Weekly review (12.12-16.12)Last week was the end of the correction from 1.0504, which reached just above an important resistance zone, located on levels 1,0847-64. Accordingly, the maximum target correction was completed and returned to the market declines. Ahead of the Federal Reserve meeting, which again may lead to greater volatility. However, in the longer term still applies downward trend.
The first trading hours should elapse under the dictation of the demand side, which will be willing to lead to a correction decline from the level of 1.0873. Increases should be limited in nature and should not exceed the levels 1,0600-31. Perhaps here we can see a trend side pending the meeting of the Federal Reserve. Then, after the expected correction we should go back in the direction of the last holes 1,0504-31, which break open the way toward last year's lows 1.0490 and 1,0456-60. Signal to the stronger downward movement, may be the information contained in the minutes of the FOMC.
Note: if the market will be strongly disappointed with the result of the meeting of the Federal Reserve, once again we see strong growth and perhaps a return to recent highs.