There is a multi year resistance around $205 for NYSE:SNOW Signs I'm looking for: Top of channel to become support, a bounce off there and a move into $220 should confirm that. I want to see the SuperTrend indicator stay green, upwards of the level of where the red downtrend line exists. SuperTrends on higher time frame charts work the best. It's often...
Just as the greek word, the chart here looks excellent...There's both a daily and a monthly uptrend signal active, which gives this stock tremendous reward to risk potential long term. I am not a huge fan of the valuation, so I was skeptical to get involved but perhaps I am missing something regarding fundamental catalysts for the stock going forward, perhaps...
Arista Networks, Inc. broke its key resistance and entered the advance zone on strong earnings growth. It stayed trapped in the price channel ($100-$140) for more than a year due to the downtrend in stock markets. But now with good volumes and steady growth behind it, it's taken a big step. ANET's revenue grew 49% (TTM) and income 61% (TTM) and is expected to...
ANET is resting for a while in its accumulation zone. This cloud-computing company experienced a boom in 2021 when its price doubled. However, by the start of 2022, it has entered accumulation stage after witnessing a brief failed decline. FUNDAMENTALS OF ANET ANET has impressive fundamentals. Its financial results are better in every quarter than its...
people have used it to cheat on university exams. people with no coding experience have used it to develop software. people use it to penetration test vulnerabilities in networks. its all cloud based supercomputing. does this mean openai is going to change the world? no. does it mean microsofts cloud computing business is saved? no. does that mean its a good...
Each earnings season, we become accustomed to certain patterns. One pattern involves the biggest tech companies reporting earnings before many other smaller and medium sized firms. In what we know is a very difficult economic backdrop, it’s important to look for signals that some of the world’s largest companies are giving us. Additionally, since Microsoft Azure,...
$DOCN looks like it's heading back to support level at $30~ .. full path on chart Btw.. I have made a fortune from this name last year.. i called it when it was $40~ and it went all the way up to $110
When you think about cloud computing companies this year, the most likely starting point will be performance1: - The BVP Nasdaq Emerging Cloud Index, from its high last November to its near-term low in June, fell 60.20%. - This compares to the S&P 500 and Nasdaq 100 Indices, down 21.21% and 31.17% respectively, over the same period2. However, from June 16th to...
2022, so far, has been a year of the value style of investing outperforming the growth style, and few megatrends in recent years have been more growth oriented than cloud computing. Big stories and sales growth went from being in favour during 2020 and 2021 to being completely out of favour in an environment of higher inflation and interest rates. However, do we...
VMware Intraday - We look to Buy at 110.32 (stop at 100.60) This stock has recently been in the news headlines. Broadcom agreed to buy the company for $61B USD. Trading volume is increasing. We look for a temporary move lower. Bespoke support is located at 110.00. Dip buying offers good risk/reward. Our profit targets will be 139.88 and 150.00...
I know, it seems ridiculous, but last year Loop Capital Initiated Coverage on American Virtual Cloud Technologies, Inc. (AVCT) with a Buy rating and a $17.00 price target. Now i am not sure if American Virtual Cloud Technologies, Inc. (AVCT) is such an amazing company to do 14.5X, even though the cloud services will be the essence of the Metaverse, but i think...
Hi Everyone, Keeping this analysis simple and Straightforward. if you look at the history of this chart, It is repeating very similar pattern, that lead me towards the conclusion that this coin is in accumulation phase. As soon as BTC start behaving like a good boy, we might see a PUMP.. This project is also from Web 3 category with very interesting...
Seagate Technology has spent the last five months pulling back. But now it may be turning around. The main pattern on today’s chart is the descending trendline that started in May and ran along the peaks of August and September. Notice how STX closed above that line on Friday. Next, the jump followed two weeks of consolidation along the 200-day simple moving...
Software companies have lagged this year as investors focus on cyclicals like energy and financials. But one unexpected name is breaking out: Oracle. As covered previously, strong earnings lifted ORCL to new highs in December. It then pulled back to old resistance and bounced. This week, its shares are closing above their previous all-time highs. Two technical...
Is $CRWD ready for an $ABC correction to $195 CRWD is definitely a leader in its space but this run looks a bit extended and exhausted along with a potential corrective wave to $195. Use options to define risk as premium paid. Suggested options to use: Feb 5 Weeklies $200 put trading at $4 a contract.
Fundamentals: This is one of the promising projects which is building a decentralized cloud computing platform where computation can be aggregated from sources all across the globe. They are directly competing with the incumbents AWS, Google, IBM, Microsoft etc. Currently the market cap sits around $65 million which is a steal. The team is made up of several PhDs...
Giant head and shoulders forming on the higher timeframe? Or do you prefer the cup and handle? as shown in my previous analysis here: To me these technical indicators show the growing probability of the RLC token prize going (MUCH) higher in the beginning of next year. (Right around the launch of the regulated and compliant environment). Check out there...
Everyone knows about Zoom Video Communications , but Twilio is another cloud-based beneficiary of the coronavirus pandemic. TWLO has had a trio of positive headlines this month: 10/2: Guidance raised 10/12: Acquires customer-data firm Segment 10/26: Earnings and revenue beat TWLO has declined along with the rest of the market in the last two weeks....