Historically NKE will lose trading volume after earnings, combined with weaker price action, this stock will stabilize around the bottom of the gap. RSI points to an overbought signal which after back-testing this indicator, shows that the share price of NKE does not like to live above 80 for longer than a day or two with large upward price action. MACD is at the...
SNE will fall into the channel between those two major support lines, in the past 7 trading days the first support line has been tested extensively and with RSI having room to fall we can see the price stabilize slightly under 50$
Logitech is simultaneously declining in Volume and price and the lowest oversold RSI value at my target coincides with 38$. This sets up nicely for a quick swing trade before EOW.
AMD is one of the most resilient tech stocks in the S&P so far in this tumultuous market. It has fallen close to the December 2018 support but since there is a substantial amount of trading volume at the current ~$40 price point, we could see AMD rally tomorrow. As far as indicators go, RSI and Aroon point to neutral status so this is entirely dependent on the ...
With IV slowing down, INTC is a decent buy since the semiconductor world is starting to receive stimulus from markets around the globe. INTC chairman also gave a statement how the virus has yet to affect the company in terms of dollar performance. As far as technicals go, MACD is becoming concave and will intersect with positive momentum in the next day or two,...
INTC has been pressured to sell off as investors see how much market cap is owned by AMD and NVDA. The current volume is will taper off until the next earnings and will have to be kept in a competitive price range. I propose the stock price will reach the last support it had before the earnings gap. The current pennant is a strong sign of indecision and a break...
With the RSI rebound, resistance cross of 9.6k, and the 50-100 MA looking favorable; I would suggest riding the hype to the next bullish target of 10.5k. As long as the wedge predicts a range for the price to follow we could be in for a predictable ride to the top.
We will see that BTC will hover around the top resistance and add another 2 or 3 ticks before it skyrockets. I would expect volume to fluctuate around this time with a higher trading volume at the end of the week. Best chance to buy will be around the 8800 USD price point
