100% of guess. Don't trust me on this. :)
Yup, IBM had 20 YoY consecutive quarter declines. Fundamental are bad at this time. But stock usually reflects the future. So, let's look at the chart...
Wall Street always pays a premium to a company that changes the way we do things. Amazon: changes the way we do shopping. PE > 100 Netflix: changes the way we watch TV. PE > 300 Apple (back in 2002): change the music industry. PE was around 100 Could Tesla be like these 3 companies? If so, it could go beyond $1000.
This is a minor term analysis. So, if you are playing long term, just buy the dip.
I saw bullish divergence on the MACD and RSI. I could be wrong on this stock. But just watch how it move from here. Should be pretty interesting.
10 years of inverse head and shoulder with recent two retests on the neck line, $INTC is prepared for a bull run in the next several year.
Using technical analysis lets you realize how bullish the market is.
Disney held the uptrend. Go long from there.
As of today, UNG is still in the downtrend. You should keep watching the move of the next few weeks to make the judgement.
Although Gold is ready to go lower, considering the pivotal level it just hit, there may be a short bounce. Overall sentiment is bearish though.
A catalyst could be $NVDA earning. $NVDA has a potential to get back to $50 (200 day MA)
You should continue to watch this stock in the next few months. If it breaks this trend line and stays above, then consider NVDA as a buy.