Aeronautics and luxury are the driving force of the french index, among the strongest bluchip index in Europe up 26.5% in 2019. Safran 10% pullback on rising trendline is buying opportunity. Support at 134.9, and 131 (gap fill). Bull trend is intact: rising 200D MA, and ichimoku cloud an dtrend channel.
The Brazilian digital payment firm for small/medium sized merchant is back after a very difficult Q4. The stock fell sharply after an equity offering (October) and slight revenue/earnings miss in Q3 of very high expectations (November). the $28 proved to be formidable support zone for stock where very high volumes exchanged. The stock held above its ichimoku...
This is a speculative one as counter trend. Huge volume stepped in around $16 & $20 reuters data on November 28th shows short interest of 18% of the float, and 11 days to cover. The stock hi fresh highs since august and could pressure those short, extending the potential upside stop below 20 and target 30.
Israeli cyber security Cyberark published a solid 3rd quarter in early november and has since reverced the trend. Weekly above cloud. Breach 120 resistance then pulled back, providing buying opportunity. risk 5% for 20%+ upside. watch for a positive reading on daily MACD for confirmation
The overall Software sector suffered from negative rotation, as investors moved back into value in October, but this consolidation has come to an end in early november. Alteryx reversed the downtrend after releasing solid quarterly earnings. Chart remains long term bullish above weekly ichimoku, MACD consolidated but above zero line and about to turn positive...
Disney is averaging over a million downloads per day for its Disney+ streaming service according to Apptopia. The stock breach its reactangle formation pave the way to a new wave of uptrend. basic extension lead us to a potential target of 165 to 170 over 3 to 6 months. Stop below 140 previous resistance and where a lot of volume was exchanged
Watch for a potential break of a multi year downtrend line
Bulls remained in charge so far with most consolidation periods ending up in continuation patterns and further upside. What may be different this time? and what would be needed before we can project a more meaningful reversal? • SP500 reached notable resistance of 2815, where it failed three times between October and December • Daily oscillators show...
Bullish on SBUX Buy at 67/68, Stop at 60 and target 80 6/12 months