Indicates potentially long term upcoming bearish trend!
Revenues are growing very slowly, and earnings are still slightly negative. PB ratio of 19+ and eps of -86+ seems well disconnected from fair potential valuation. Sensors are easy to disrupt, compete, and also it gets fairly easier to find significantly cheaper alternatives in low ambitious use-cases. It's not like NVIDIA in AI where there's still no proper...
After following the recent financing deal, OTLK shares has potential to fall up to 0.12c / share. Additional upcoming risk of reverse split being under 1$ for considerable time.
BTC potentially headed for 30k level as a result of long term rising wedge pattern and recent highlighted reversal.
8791877 = Shares as of 31st December + New sales to BCPE @ initial book value of 10.12 + (443k shares @ 22.56) = 10.832665237 new book value + approx 4230000 of shares and warrants sales approx near @33.5 = approx 18.84$ / share + $5M in cash payment = 19.22$ / share Total Shares = 13021877 Anticipated quarterly loss between 2 to 3$ per share 264M$ on...
NYSE:GPS Potential return to 6-12$ range based on Monthly chart Recent spike on Monthly chart indicates a potential strong upcoming reversal. Potential return to the trading range of 6$ to 12$. Long term Debt is too high, and Executives and top stakeholders are selling millions of shares at recently spiked prices. Plus insiders with Discounted Stock Purchase...
From earnings to earnings, PUBM is dropping to new drop zones. Charts show, between each drop zone, it sheds about 23-33% share price. Even though their fundamental value come closer to 11.8$ / share, their Net Income is dropping massively. On top of a headwind against overall Tech stocks, and Ad Tech industry, perhaps only reason why PUBM is still holding most...
Clear Cup and Handle Completed for $BKI Past trend also suggests consistent good growth in longer run!
13.8$ being yesterday's high, today it registered a new 52 week low of 12.71 and rebounced 9% already, Also rebouncing from the daily RSI level as low as around 24.4 up to 38.38 so far! Should the stock close above 13.8$ today, that's a Strong indicator of the trend reversal to the upside!!!
We can see the RSI trend (downward) moving in the opposite direction than the price trend (upward) since a long time. And then the chart reflects two bearish patterns - Inverted cup and Handle, and an Inverted Head and Shoulders with neckline around 43! Is this the indication of upcoming long term downtrend? Let me know your thoughts! Thanks! Note: I'm just...
$LCID is showing strong signs of long term downtrend! Green pennant indicated upside Although the flag above it was reversed and as prices went below prior pennant, then comes the red pennant, indicating trend continuation to the downside! Wait for red pennant to break above 44 before going long again!
Looking at the green trend line starting from around mid 2014, till 2025 ish . The trend line suggested price target of 47$ by 2024 already seems priced-in during today's date (Feb 9, 2022)'s after-hours session! Additionally, there's that giant Inverted Cup and Handle pattern. Ignore the covid-19 crash of March 2020, and two red lines clearly indicate...
$SNOW's reversal to downside is concerning, suggesting upcoming major downtrend! Unless countered and held above 370!
Zoom out on daily and weekly chart for $DOCU, And we can see the congestion area, broken out to downside, which was quickly reversed by upside course! - Bear Trap! Upside course hit above the earlier long trading range, and is dangling around the same range! Well, it didn't reverse quickly enough on daily or hourly chart, but we're looking at weekly chart, given...
$DKNG is giving plenty of signals implying the long term downtrend. Should we wait for it to reach 40$ to confirm the downtrend? And perhaps, wait for it to cross 75$ for upside reversal! Or at least exit the outer red curvature and hold above $50 for some considerable time! Tough times!
Seeing oncoming possible Inverted Cup and Handle on weekly chart was a strong indicator for Peloton's fall! We can also see a clear channel ranging between 140 and 160, confirming channel break at 130! Further drop after 130 was obviously a completion of head! And then the subsequent rebound around 128, and drop back to 99 was completion of Inverted Cup and...
Weekly chart on top shows long term cup and handle just filled recently near $46 while daily chart below shows there's also a trend continuation pattern. With RSI rounding down, on short term, 50-53 seems like possible downside, with higher chances of trend resuming to upside and go beyond current 52-week highs! Stop loss below 50, and use trailing stops as and...
We can see the giant Inverted Head and Shoulders on the daily chart, which is now further stretched down to $45. I think this fall is enough, to confirm major long term downtrend, unless the trend reverses and holds above $87, which seems far away from the current price.