Despite ETSY reporting earnings that surpassed analysts expectations ETSY shares still slid as management expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results. Based on the current price action I'm operating under the assumption that ETSY is in a downtrend. The gap down...
UBER beat its earnings estimates however, it missed on its first quarter revenues. As a result, UBER gapped down after its earnings report and in my view is currently on a downtrend and I would operate under that assumption until it fills that gap. Conservatively speaking I'm looking for a gap filled price that closes with a daily price of about $53. Based on...
Last week started out in the red but ended off strong, bringing in the possibility of a pullback over the next few days .The key support level that I am looking at is 4156.00. This is considered as the mean and over the past 3 months the market has showed a reluctancy to drop significantly below the mean over the daily time frame. If we penetrate the mean...
UiPath Inc. is a recent IPO in 2021 that like most IPOs experience a fast rise and a subsequent sell off. Personally I think there is still a lot more data that I would want to see in terms of price action before I could say one way or another which way it will go. Currently priced at about $70, PATH finds itself right at the MEAN when we look at our 1 hour...
After failing to meet analysts expectation Twitter took a major gap down of -9.6% and is looking to test key support levels over the next quarter which could present several buy opportunities for a stock that not too long ago was rising high at about $80 per share. With the current down trend in place I'm expecting Twitter to come up 2ATR which is a price of...
Using the Keltner Channels and TTM Waves I give my quick analysis on where we are in the market and where we could possibly be heading in the week to come.