Since 2002, Netflix has remained in a constructed bullish channel. With an RSI-based MA to compliment an established bottom, $NFLX has tapped the support of this channel only twice in its public history before racing to new ATHs in a few years. I believe the risk-to-reward ratio at these prices has significantly improved, allowing those with a long-term view to...
ETH is currently attempting to distribute into a bottom. Looking at history as a guide, I found that it broke out massively into a pennant after basing during its 2015-2016 time period. After consolidating from 2016-2017, it broke out once again- rallying a whopping 23,000% in a year. Notice that this major breakout occurred when the price found support right at...
After a monster year of growth for Digital Turbine, analysts believe the expansion doesn't stop here. Over the next three years, analysts predict the company will continue to grow EPS at a ~ 45% CAGR while expanding revenue at an average ~ 28% CAGR. Although short-term liabilities outweigh short-term assets like cash and A/R due to acquisitions, it is predicted...
When taking a glance at Ark's Innovation ETF, multiple indicators are signaling a potential bottom at these prices. 1.) On the weekly logarithmic chart, ARKK touched long-term support on March 14th @ ~ $55 and quickly bounced back to its 0.618 fib level. 2.) Since November 2021, ARKK has remained in a harsh downward channel and is finally showing signs of a...
Bitcoin goes through multi-year bullish cycles on the logarithmic chart before returning to its long-term support. According to the chart, we can assume Bitcoin will reach $100K by late 2023 if the trendline continues. It also appears that there is a bullish divergence, with price continuing to trend upwards while the MACD seems to be printing a new bottom and...
Razer is riding this long-term channel nicely. Hopefully, we can break through the current pennant and head back towards the top. The recent annual earnings report has reassured my confidence in Razer's long-term growth. ~ They reported 25-45% growth in each portion of Razer's gaming ecosystem in FY2021: software, hardware, and monetization/payments. ~ GPM...
After price-basing for about two years, BOX looks almost ready to break out of its ascending triangle on the weekly time frame. Do you agree? I think ATHs are possible over the next couple of months.
This breakout may have some merit to it. Two overhead resistances broke with the second-highest weekly and highest daily volume on record.
It appears that SHOP is approaching the bottom of its long-term channel, with stochastics finding a floor as well. Earnings that include their record Black Friday/Cyber Monday are on tap tomorrow.
There are higher lows on the stochastics and a possible break from its descending channel with earnings on tap.
After another ~ year & 1/2 consolidation period, it appears that Vicor may be ready to break from its wedge. A few hints that stood out in my eyes: -Bottoming stochastics on the weekly timeframe -Considerable jump in recent buyer volume -Clear break past the 0.786 fib level ($100.73), which has proved to be a formidable resistance in the past This chart and...
LAC looks about prepped to break from another wedge on the daily chart, with a nice bullish hammer on the 0.618 Fib level. Looks almost ready for another leg up, IMHO. Just my personal opinion, not to be taken for investment advice!
Recent strategic partnerships and acquisitions, insider share buying, trading under a 2.0 P/S with ~ $1.5B annual revs and $120B transactional volume, and significant gaps to fill on the chart all make PSFE a no-brainer buy at these levels. Just my personal opinion, not investment advice.
As they say... the more extensive the consolidation zone, the bigger the breakout/leg-up tends to be. After staying in a very tight range for almost a year and a half, I believe AMZN is about ready to breakout after Q4 earnings are released following the holiday season. Just my personal opinion, not investment advice.
We're witnessing some relatively volatile price action after ABNB reported solid Q3 earnings. I believe ABNB is a disruptive play on innovation that everyone should hold in their LT portfolio, with accelerating EPS and increasing market share within the hospitality industry. Technically speaking, the price action for ABNB keeps returning to its broad base on the...
Beautiful consolidation is occurring here with $NVDA after the Fed clarified tapering decisions today. Nice bounce off the 0.618 Fib level with RSI curling back up as well after hitting lows on the daily timeframe. It appears to be a great entry if NVDA can clear the 0.786 Fib level next. Just my personal opinion, not investment advice!
$AMD is looking explosive at these levels. With rising RSI and a nice bounce off of support, I believe this would be a solid entry. Just my own opinion, not investment advice!
Viewing the monthly log scale chart for $TEAM, it is evident that this software company has been riding a robust bullish channel since establishing a successful C&H near its IPO in 2016. With solid leadership, accelerating margins, and an impressive EPS estimate beat track record, Atlassian appears to be an excellent pick for the long-term.