RedHotStocks

RedHotStocks

Selling brings more selling and as insiders offload many others follow, it has a dominos effect as stop losses are hit and profits are protected. The stock had a marvelous run but we suspect that we could see the $19 region hit very soon. The only line of protection is the 100 MA at $24.40 but if the market continues bearish next week it will have no significance,...

RedHotStocks

In the past few weeks, the rose tinted glasses have come off investors and selling has intensified, in particular companies with exposure worldwide and in China have been hardest hit. In NDS NASDAQ:NDSN last earnings report it missed on the top and bottom line. We do not see much reason to expect anything different this time round, the company has increased the...

RedHotStocks

BITFINEX:XRPUSD It is no harm in looking a little further ahead if indeed the bottom is in. Looking at the 3 day chart to get a wider perspective we reflect on the fact that XRP was the first to stage a rally which failed in SEPT & DEC18. Since then it has really failed to find any real buying pressure. In the last week however new like has been injected as BTC...

RedHotStocks

BITFINEX:XLMUSD finally woke up from its long hibernation, and now is rocking the crypto market with a 80% move this week. Today it continues strong up 11% while others languish behind. The price has now broken above the cloud and retested on its correction, $0.162 is real important zone to break as price action above is very low so gains may be fast. We have...

RedHotStocks

BITFINEX:EOSUSD could very well correct a little deeper towards the $5 area, currently the .236 fib is support but any move in BTC could lead to a drop to the .382 fib level. We will add to our position on any deeper pullback as we have a $9 target in place. Volume is quite poor at the moment but upon the RSI hitting tren line support that should initiate a buy...

RedHotStocks

Previous resistance has held as perfect support in confluence with the .5 fib level. There is no need for any concern regarding the price action as the pullback is quite typical for crypto. They price will consolidate in this range, until the RSI restes a little before completing wave 5 with a $480 minimum price target.

RedHotStocks

Our previous analysis still remains as we have our EW count still very much valid and it looks very much like we have a valid handle channel formed and breakout from that on high volume. LTC continues to be very strong, despite the pullback which is necessary and healthy. The added impetus of a upcoming split can only add further strength. We remain extremely...

RedHotStocks

The last week has been very positive and lucrative, there may have been a few casualties in the Friday morning selling but that was to be expected as FOMO has set in, it was wise to be “Fearful when others are greedy and greedy when others are fearful.” . The lows were the perfect time to be buying and indeed we have orders set once again just above the $225 area...

RedHotStocks

OMG that was a frantic week. Despite all the hysteria and FOMO setting in on Thursday we have completed our 3rd wave and now expect the 4th wave to take possibly 7-10 days to play out. As another weekly close approaches tomorrow it would be expected that another attempt will be made by the BEARS to force down the price. From a technical perspective our RSI is...

RedHotStocks

Just as NYSE:UAA and NYSE:NKE have been treated to upgrades, it was NYSE:FL turn today. It really comes as no surprise as consumer sentiment had greatly improved in the first quarter in comparison to the 4th quarter of 2018. B. Riley raised price target for Foot Locker, Inc. from $62 to $73. Foot Locker shares closed at $55.47 on Thursday. We will not be...

RedHotStocks

If you are a investor in Facebook you should feel at ease with how the company is operating. Today Cheryl Sandberg performed a perfect show in front of they cameras, as they media tried to trip her up, she tied them in Knots. What has been a terrible few months for Facebook, as a deluge of controversy seemed to hinder their ever move, the stock just keeps...

RedHotStocks

===================== CMPY (Comepay Inc.) Alert Price: $1.57 Chart Analysis Float: 4.947M ======================== Members, Are you ready to end the week with a monster mover? If so, we ask that you turn your immediate attention to CMPY (Comepay Inc.). An Epic Bounce in the Making for this Low-Float Alert With it's tiny float of 4.947M, CMPY is...

RedHotStocks

*************WE HAD A SHORT POSITION PRE EARNINGS THAT WORKED OUT WELL, BUT THAT SELLING WAS OVERDONE ON ALGO'S AND STOP LOSSES HIT. THE STOCK FOUND PERFECT SUPPORT AND THE BOTTOM FEEDERS STEPPING IN FOR A BARGAIN. we see the price continue positively to fill the gap above.

RedHotStocks

Things are not going to get any better for DE, the meeting with Trump and Xi can not come quick enough for them. Sales have declined and the outlook looks bleak, uncertainly has also crippled the stock of most heavy machinery and industrial equipment makers since the trade war began. China is for sure a massive concern for investors but also the impact on its USA...

RedHotStocks

After the last earnings report we were shown some images of the new UA headquarters and distribution center, which it hopes will propel UA to the next level of service and most importantly stock inventory control. What has been a curse in recent years is the continual discounting of goods to reduce inventory, which in turn has devalued the brand and hit margins....

RedHotStocks

There is absolutely nothing wrong with a safe steady bet, NTAP has a proven track record of continual growth and trades at a very reasonable P/E of 17. While it has traded well of the lows from December 2018 it has still considerable runway ahead to get back to the 52 week high of $88. Earnings approach and the chart looks good from a technical perspective, with...

RedHotStocks

There is light at the end of the very dark tunnel at long last for AMBA investors, 2015 highs of $115 are still a long way ahead. In our opinion the stock has found a bottom and is on the crest of a innovation wave. New product launches and partnerships have provided optimism with a more diversified revenue stream. Currently Analysts have a average Overweight...

RedHotStocks Updated 

***UPDATE***As earnings approach we would love to be more bullish as a holder of the stock, but the chart is becoming extremely bullish. NVDA carries a lot of pressure into earnings as Xilinx, Intel and Qualcomm produced far from optimistic guidance. The previous earnings report was somewhat of a watershed moment as the bottom was called, we remain long but very...