NEGG:A few months ago, NEGG had a parabolic move to $70 for a wave 3 top. Wave 4 was finally completed yesterday. A 40% spike was followed by a 61.8% 3-wave pullback. Wave 5's target could be any of the fib extension above Wave 3 top.
NEGG trade ideas
Short Squeeze happening$NEGG is being short squeezed and it will probably reach ATH near end of trading day.
NEGG! TO BE OR NOT TO BE..NEGG Seems to be in a bit of down trend. recently the 20 ma close crossed the 50 ma close which traders refer to as a “death cross” . RSI still on a down trend on the daily . No real clear indication of NEGG going bullish as of now. Can retail bring it back up or is NEGG just another pumpy dumpy? NASDAQ:NEGG
NEGG LONGA very nice set up here, rally base base rally. level on level demand zones have a very high probability of working AND who doesn't love Newegg?
NEGG close to reversalNEGG made a higher low earlier this week and is trying to find support on the the trend line from its previous 2 lows this year.
On the daily RSI it's showing it's first green candle
Retracement from $70 highs
Needs breakout for confirmation.
NEGG: Ending the decline?Hello trader community.
After a enormous run all the way up to the $80s, NEGG collapsed in the following weeks, loosing most of its gains.
Looking at NEGG chart now, do you think the decline is over? Will the recent news about Litecoin help this e-commerce platform stop the decline and start growing again?
Comments are welcome and please do your own DD when making trading decisions!
NEGG: Bullish Pennant (148%), is it that time again??If it breaks 80$, it will fly!
Price Target = 117.51$
148% gainNewegg Now Offers On-Demand Assembly of Custom PCs. Very interesting to see where this goes tomorrow.
NEGG: At 134% short float, this is even higher than GMEBefore its epic short squeeze. I posted a chart on GME when it’s price was $3. NEGG is much further along having printed a 1-2-3-4 off its all time low. Unusual option activities include selllers collecting huge premiums on July 16 calls. This could easily pull back 38.2% but I would go long after that. There is blood in the water.
$NEGG 200 MA breaking out of resistance with Harmonic pattern$NEGG
RS Ratio: 1/8 on 10/26/2020
200 MA breaking out of resistance, a few lower highs and lower lows with mirrored Harmonic pattern
Golden Cross signal is Bullish
Golden Cross: The golden cross is a chart pattern that is a bullish signal in which a relatively short-term moving average (MA 50) crosses above a long-term moving average (MA 200). ... As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
Wyckoff Re-accumulation with break out, MMs loading at Support entering levels
Strong Influx of Volume
Newegg Commerce, Inc. owns and operates Newegg.com, an online electronic products retail platform in the United States. The company offers computer hardware products, computers and tablets, electronic products, software, gaming products, cell phones and accessories, home appliances, home living and improvement products, health and beauty products, automotive and industrial products, outdoor and garden supplies, office and point of sale products, sporting goods, watches and jewelry, apparel and accessories, toys, and baby and pet products. The company also provides Newegg Logistics, a logistics solution to help e-commerce sellers and organizations streamline order fulfillment, shipment and returns. It serves corporations, businesses, and individuals. Newegg Commerce, Inc. has a partnership with Payability, Inc. to launch Newegg Capital, a tech-enabled working capital solution for marketplace sellers. The company was founded in 2001 and is based in City of Industry, California. Newegg Commerce, Inc. operates as a subsidiary of Hangzhou Lianluo Interactive Information Technology Co.,Ltd.
NEGG 2hr w/ fib channelI've been a big fan on New Egg for years and it has been my go-to site for computer parts and accessories. We need more awareness and more volume. And options would be nice as well!
Long term investment potential Finally NewEgg goes public, one of the top online websites for PC parts and electronics. Definitely a good long term investment as the company plans to expand itself into Europe. They also recently got into the auto and flower delivery business. Please dont take this as a financial advice. Do not buy without doing research first. This is just my opinion.
