SFTW

SFTW

Here I am comparing the weekly XLE/SPY chart from April 2017. For only the second time ( first was a false breakout) the XLE/SPY chart is breaking above the long term exponential moving averages. I believe this is very significant since the energy market has been in a long term sustained downturn. Perhaps the catalyst for the move is that large sections of the...

SFTW

BB has made over a 50% retracement from its 1/27 high of 28.74. The hourly MACD is now positive. The hourly stochastic is overbought but that can happen at trend changes when old resistance levels become support. On a fundamental basis the annual YOY revenue growth is now 15%, after being a negative 30% as recent as 2018. I would put a stop below the most...

SFTW

On a daily chart the 5 period EMA is about to cross the 20 period EMA. As they cross that is an attractive area for purchase. You can place a stop below the 50 period EMA so you don't risk a substantial portion of your capital on such a volatile stock. The daily stochastic oscillator is also in an oversold position to give further support for this idea.

SFTW

The financial sector index (XLF) is down 8.5% from its recent high on 1/14. It is now testing support at 29. The hourly oscillators are in oversold territory. If XLF can break the downward trendline then it has the ability to go back to its recent high at 31.5.