- ORCL making its way up after bouncing off in current channel - Good support on daily from 50MA and 200MA - MAAR converged last week into bullish break yesterday - RSI trending up - Looking for buy-side volume to increase and push ORCL to $58
- ABT previously resisted in down channel (pink) - Trend step long and MMAR fully reversed to long - Weekly MACD coming off back end of short trend - Wait for ABT to close above pink channel
- Formation of an ascending triangle on the daily chart - If BABA beats earnings it is poised for a strong breakout
- Looking for reversal on ADX - ACN oversold on stochastic after recent drop to $182 - ACN will likely consolidate for a few more days between support (blue) and resistance (yellow) before a breakout to the upside - MACD and SAR are long - Watch for Bollinger squeeze to trigger breakout
- Fundamentally, some of the biggest cloud based software companies (CRM NOW TWLO ZEN) have seen a recent sell off but they have reported no issues that would give investors to assume that they are struggling to profit. Each remains supported and sellers are exiting the market. - SPLK beat earnings last quarter and analysts have projected continued sales growth -...
- Fundamentally, TWTR should see high user activity heading into the 2020 election - TWTR has consistently beat earnings in 4 most recent quarterly reports, latest report available on 10/24 - Price remains contained within well defined up channel (pink) after recent correction to $39 - Short term sellers are exiting, waiting for MACD cross - Looking to test ATH of $47
- FB on 5th wave of Elliot on daily - 4th wave may not be done correcting Wave 3 - Looking for growth on 5th wave to $200
- SNAP currently on 5th wave of Elliot on daily - Hold for growth to $20
- SSYS unable to reach top of lateral channel (black) - New down channel created (pink) heading to $22 - SSYS has been continually supported around $22 and should consolidate there - Crossing of both channels may spark bullish movement upward - Overall trend is not particularly strong so watch movement around $22