Today, SoFi Technologies ( NASDAQ:SOFI ) announced that the company received regulatory approval to become a National Bank. This is a massive achievement for SOFI. The Office of the Comptroller of the Currency (OCC) and the Federal Reserve have approved SOFI's applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific...
Carvana ( cvna ) has been in a rally since mid-May and recently Carvana beat earnings by over 160%. Shareholders who have been riding this profitable rally have raked in over 59% in unrealized gains. These same shareholders should now start to wonder if it's time to take some of that profit. For online used car dealer Carvana, acquiring vehicles is less of a...
Enphase Energy NASDAQ:ENPH is following a similar pattern as it did in October 2020. Where it was coming off a rapid runup, slight consolidation, and then a sell-off just a few days before earnings. Do you think the Solar/Energy stock will start to consolidate until earnings in a few days? Or are the inflationary pressures just too much of a headwind?
Enphase Energy NASDAQ:ENPH is coming off an excellent month of June 2021, up over 30% and 82% YTD. Now, we sit about 30-days from earnings with the street estimating an EPS of $0.42. Is there another period of time where ENPH faced a similar situation and chart pattern? Yes, from mid-September 2020, until mid-October 2020, ENPH ran up over 63% and reached its...
Palantir NYSE:PLTR has squished itself right next to resistance at $25. What will happen at market open? Could being added to the Russell 3000 give Palantir enough volume/momentum to make it across this key resistance level?
If Brunswick NYSE:BC can open this week with higher volume and enough momentum to push the stock above $97.00/share, then Brunswick can start climbing again, going above $100/share.
Amazon stock has flirted with $3,454 many times during April 2021. With spectacular earnings reported and AMZN stock well above $3,500, will resistance now turn into support? Also, notice how RSI and MFI have completely diverged? Relative Strength Index (RSI) shows the relationship between a security’s price and its percentage change from the previous period....
It looks to me that Tesla is consolidating into a symmetrical triangle. Since reaching its all-time high its stock price has been making lower highs and higher lowers. It all seems to be all converging on Tesla's earnings report on Wednesday, January 27, 2021, after the market has closed. Let me know in the comments what you see on the chart.
U.S. delivery firm FedEx released their Q2 2021 earning report showing total revenue of $20.6 billion which is up 19% year-over-year. FedEx (FDX Stock) said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses. FedEx had an operating margin of 7.1%...
GoodRX IPO’ed on September 23, 2020, and GoodRX NASDAQ:GDRX stock had a good performance for an IPO for about 2 months. It was a solid $51.50 per share stock. Then news broke on November 17th about Amazon Pharmacy. I believe investors didn’t really understand what the Amazon Pharmacy news was actually telling us. More on that in a minute. GoodRX gapped down...
This is an important time for Lordstown Motors' stock price. Lordstown Motors has been in a defined downtrend since November 24th. On December 8th they released a video showing CEO, Steve Burns, put the "skateboard" chassis to the test. I'm wondering how much that video slowed down the stocks slide. As the very next day on December 9th the stock was almost flat...
DocuSign has been consolidating within a $40 range since the beginner of August 2020. The stock price has broken above its resistance level of $230 three times since it reached this resistance level. Every time the stock has hit this ceiling it came back down to its support level of $190. Now that the stock has broken its resistance level for the 4th time and has...
Is Zoom consolidating while investors are waiting to see what happens with the COVID-19 vaccine distribution? If the vaccine takes longer than expected to reach citizens. If our habits have changed that we choose to work from where ever more than from the office. Then Zoom is headed higher for $450. Fibonacci time zones show December 9th as a day to watch for this...