CLOU - ETF FOR THE FUTUREAfter the big drop in tech stocks in recent months, this etf, that follows cloud companies, is a very good investment option for those who look to the future...
CLOU trade ideas
Global X Cloud Computing ETF (CLOU)The Global X Cloud Computing ETF ran up 33 % from May 2021 to November 2021 and has given back nearly 90% of that gain.
Harmonically (Shark Pattern and ABCD) one could build as case for a pending reversal.
As this is a counter-trend trade I'd like to see evidence of a reverse both with momentum turning up and signs of a definite price reversal.
To this end I have added an entry point as well as a stop point and targets.
As always do your own due diligence, respect market direction, sentiment and volatility.
This is not investment advice
S.
CLOUD reviewas per requested.
overall trend for CLOU is still uptrend..
as here we can see the market break above $29-30 and supported. (was previous resistance back on Dec)
BUT , we can see some divergence in MACD..
the high is getting higher, but in MACD, the high is getting lower ( can refer back what happen in Dec20 and Feb21 high).
this indicates the bull is getting weaker.
watchout $29-30 as an important support that need to hold.
fail to stay above $29 will turn into downtrend.
DYODD
CLOU in UptrendCLOU
01/07/2021
Bounced from Demand Zone and heading to TP1.
If it can clear TP 1, there is ahigh possibility to hit TP2
Cloud computing looking goodI really like this ETF NASDAQ:CLOU and now is looking good. Is one of the leading tech industries due the higher demand for online solutions for everything, and I believe that is just getting started. It broke out of a symmetrical triangle with good buying volume and now is testing the 20 day MA with low selling volume, for me that's a good buy signal. All thought the best time to buy is at the close so I'll wait until then to buy.
$CLOU - volume before price + cup and handleI have some calls on this, it just struggles to break that $26 barrier. Once it breaks out, it should melt up with some significant gains.
MACD, Stochastic and ATR are all supportive indicators along with volume over the past 2 days. There is also a cup and handle sort of formation taking place right now.
$CLOU - I think it's ready to go Have been waiting for this to cross 26 - however, 25.8 is the mark according to fib retracement
Watch for entry.
$CLOU - watch for the $26 breakWatching for entry when it breaks $26 and holds for an hour
Entering with call options
Panic sell to panic buy - the Cloud/SaaS ETFJust wow.
The Cloud/SaaS ETF went from a panic sale to a panic buy. It came happen both ways.
"CLOU" A Cloud ETF with Continued GainsGlobal X Cloud Computing ETF continues to take off as the broader market makes sideways or smaller increases in comparison. The price is very attractive at around $20 per share that offers exposure to Twilio "TWLO" 6.06%, Zscaler "ZS" 5.04%, Zoom Video "ZM" 4.57%, Coupa Software "COUP" 4.45%, Shopify "SHOP" 4.10%, Paycom "PAYC" 3.94% and quite a few others according to XTF. It should be noted that there is expense ratio of 0.68%. The expense ratio is high for larger ETFs, but just slightly above average for newer niche ETFs. The ETF has 635.25 AUM (Assets under Management) and a TTM Dividend/Distribution yield of 0.04% according to FactSet. Unfortunately, this is not an ETF that will provide much return in the form of dividends.
There are quite a few dominant players in the ETF that have seen exploding gains since the Covid-19 pandemic. There is also widespread belief that the behaviors established during the lockdowns will extend long beyond the pandemic. Many companies have come out in support of allowing employees to continue to work from home. Additionally, primary, and secondary education students may also continue to learn from home - accelerating a trend in online education. If these predictions hold true, there will be much growth to be gained from the underlying companies in "CLOU". There are very few filters on what companies are permitted in the fund. Global X states that any company that earns at least $500M from software or applications, provide virtualized computing from a PaaS, and cloud computing data centers is eligible for the fund.
The long-term value of the fund looks great for growth. The EMA 12 is at $20.00 and the EMA 26 is at $19.59 (these values were chosen as they are corresponding to the MACD indicator). However, there are some significant signs that the fund may be overbought according to the Stochastic RSI and the MFI. The Stoch RSI K is at 99.41 and D at 99.61 and the MFI 14 at 86.26. These are signs that the fund may be extremely overbought. Although, it should be noted that we are looking at an ETF and not common stock of any one company. The linear regression shows a very promising trend with the price very smoothly moving around the mean within a standard deviation of 2.5 at a length of 100 and a Pearson’s R Correlation Coefficient of 0.9043. Therefore, it would be a strong signal to wait for an entry point if you have not already purchased this ETF. At the time of this writing, a price between approximately $19.30 and $20.00 would be an acceptable entry point into this ETF.
LONG 100 Shares CLOU @ 19.73
CLOUD ETF CLOU breaking outAaaand we have a breakout. Possible path shown. Cloud computing. It's a thing.
