Man, NYSE:JMIA is on fire! 🔥 The stock just shot up 8.20%, closing at $13.07. We're seeing some serious volume at ~9.24M and breaking through those resistance levels like a champ. This could be the start of a big move for this emerging internet retail player.
Now that the trading week is over, we can take a closer look at how the broader markets have performed. For the most part of the week, the markets appeared to be quite choppy but now looking like we can potentially start moving higher. If that is the case, then I think there is a potential here to bottom pick a high flying enterprise software company called...
While the rest of the crypto/token markets are pulling back and Bitcoin down about 18% from its highs, we're seeing Filecoin individually outperform in the segment and looking to breakout into a recent high. In a classic equities market I would usually be much quicker to take my profits as equities don't usually see this much appreciation (unless we're talking...
$TWTR looking bullish to me here. From a technical perspective we previously had a earnings gap down and now with the most recent earnings, we're seeing this gap get filled. I think it's fading down a bit here, but it's setting up for a bullish run. If you zoom out into the monthly chart you also see a massive reverse head and shoulders developing.
This is a "relatively" undervalued SaaS security trading in the public equities market. Similar to every other Silicon Valley and SaaS model, there are no profits to be made. However, compared to industry peers it is quite relatively cheaper to consider. Some additional things that make me attracted to this security... - Carl Icahn owns 20% of the company and...
After several months of consolidation in the precious metals segment, we're starting to see some price action here to the upside. Both the gold and silver precious metal markets are looking very attractive for a swing trade.
If you measure from the highs to the lows (with the little trading data we currently have), you'll see that we have about a 37% decline from the IPO highs. As $LYFT and $UBER are viewed as a duopoly and depending on Uber's valuation at IPO, I think Lyft is well positioned for some upside in the coming trading days to weeks. Now if you're a fundamental driven...
The combination of chart technicals, business model, macro tech trend, partnerships, competitive positioning, etc. is starting to develop a strong bullish case for Nutanix. I understand that it previously had a bearish gap down on big volume after an earnings announcement and traded below $35 for a short period of time. After that it rallied back above the $35...
Last Friday (2.28.2019), $NTNX had a major gap-down making it a 40% decline YTD. From a fundamental investor perspective this looks quite attractive as it is down more than 20% on the year. However, from a technical trading perspective I think this security may see continuation to the downside in the coming trading days as it has gapped down on high volume and...
The combination of a death cross, increased volatility/vix, and market break down patterns suggest lower prices are to come in 2019. It seems that even with all these years of trading and analysis, the markets never fail to surprise me. And as always, i will take a step back with every volatility punch to recollect my thoughts and deploy greater risk management....
#Ethereum has been hanging around the $200 dollar price area for some time now. In the most near term, it looks like we have some interested buyers at the $210 price area. If this continues to hold it will be a nice entry into a swing trade (days to weeks trade). As the end of the year comes around I think the crypto markets are will start to make some significant...
#Bitcoin looking very inactive here with low volatility. Of course there is still downside risk (as always), but this opportunity appears to be too great for me to ignore. Considering that there is a max supply of 21 million bitcoin and sovereigns around the world have the power to increase their own currency supply make this (and gold) a very attractive trade....
Just finished listening to the #Netflix earnings call today. It seems that this platform business model has plenty of international upside as they move towards penetrating the Indian consumer entertainment market. As of right now we're seeing the stock gap up massively back to all time highs which is signaling to me more upside to come. It's interesting how...
After quite a bit of fear and abrupt selling, we're now seeing a turnaround in the SP500 on a Tuesday :) Holding the 200MA is better than not holding it. This may be the initial bounce after an oversold condition and so i would anticipate the volatility to continue in the coming days. Another re-test of the 200MA is likely (i feel that it is just something...
If FEDs go back to the printing machine (further damaging of the monetary system), then would a sovereign hedge make sense? I think the recent stock market volatility have made the FEDs think twice about being too hawkish. If my investment thesis is true then i think i'm seeing early speculation in #gold that indicates an alternative route to raising rates....
If you look at the entire crypto market cap (price index), you'll notice that the total value is hanging around $200B and indicating strong support (accumulation). This might be something to consider as we move into the final months of the year. On top of that, we have a stock market that is increasing in volatility (for the second time in 2018). If this...
The recent high volume price action on $NVDA is indicating to me that higher prices are to come. We can confirm that the data center demand is growing and $NVDA stands to benefit greatly from the technological advances. Think of the amount of funds being deployed into artificial intelligence, autonomous vehicles, etc.
I love how a single earnings can make a bearish looking chart/stock turn around ASAP. It was starting to look bearish for #Splunk with multiple rejections off the 200MA. Though the marketcap and market opportunity from my analysis made me bullish on the security (longterm). At times holding a technology/fundamental play can get tough, but i felt pretty disciplined...