The slight gross margin decrease of 4.8% was enough to resume the HS pattern on the chart executing a normal pullback- relative to the "neckline" where HS patterns are confirmed with some other criterion. Despite the quarterly margin contraction, expected cost reductions should start to materialize in 2024. Everything on the income statement is trending in the...
Positive divergence can be seen on a yearly basis with MACD leveling out crossing into positive territory.
SP appears to have formed a double bottom and is currently breaking out from a narrower down trend.
Currently, the SP is ≈33% below the average analyst target and ≈45% below the top range of down channel primary trend.
The SP collapsed last year as a...
Looking at equity markets as a conflict between Value stocks and Growth stocks has become a reflex for many market commentators. ‘Growth is beating Value’ (or the other way around) is always a good headline. Value stocks are defined as basically cheap stocks and it is, therefore, possible in any index, to point to the Value side of that index. Growth stocks are...
📝 I will try to analyze the market as a whole, with reference to the Russell 3000 index , which is broader than the S&P 500 .
(Russell 3000 is a capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S. stock market. It measures the performance of the 3,000 largest publicly held companies incorporated in America as measured by...
The collaboration with the Acceleration Group: Surveillance footage notarized by silent notary (build on the Ubix network) is a huge accomplishment!
The Acceleration Group is far from a small company if you know what it is.... Just insane!
Also the collaboration with Langia, just amazing...!
The REAL USE CASE the Ubix Network Team is providing is just...
Simple base breakout accompanied by a surge in volume, albeit not a massive surge. Would like to see continued volume surges to get a cushion to allow for a hold thru earnings on 2/21.
Great growth numbers, earnings & sales accelerating at a strong pace on a YoY & QoQ basis.
The VBK small cap growth ETF is showing 305 price target on Stockcharts.com P&F, which would be 32% above Friday 2/3 close.
On the monthly Chart (not shown) VBK has posted a .618 retrace from 3/20 the low to the 11/21 high; .382 resistance is the next level on the monthly is 236.68.
On the daily chart (not shown), we have a 21/50 EMA daily crossover, but the 50...
Been eyeing this one. Had a nice move on Thursday, breaking out with a surge in volume. May regret not buying, but decided to hold off with earnings coming up on Tuesday morning. Still one of the top names on my focus list.
TSLA is in bottom formation. It broke its trendline resistance with strong buying volumes and formed breakaway gap during announcement of its quarterly results.
This giant of electric vehicles stayed in topping zone for almost 2 years. Topping is a phase when a stock lacks any clear direction of movement and keeps swinging between a price range.
After formation...
Very nice reaction off of the 9ema this morning. Largest 30-min volume since the gap up on raised revenue guidance.
Started a small position; couldn't justify a full position with the overall market being slightly extended on a short-term basis and showing negative action on the day.
Will look to add over the debut price high of $14 only if the broad market...
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One of the longer-term plays I am watching. IPO'd back in 2021, they don't have much in the way of current earnings, but analyst estimates are expecting big growth over the next couple of years.
Starting to inch its way up the right side of a possible stage 1 base on good volume. Don't need to rush into buying this one - need to let it show me that it is in...
Top of my focus list going into the upcoming week. Growth numbers are good, increasing number of funds buying shares, earnings still two weeks away.
On a technical basis, a surge in volume took prices thru some key highs and now we're seeing an orderly consolidation with good looking volume patterns.
Ideally, we get another volume surge that takes us thru last...
Another name on my focus list this week. Good volume surge into the 23.58 HVC pivot level after a nice shakeout below 17. Need to see another volume surge on any breakout attempt.
On my focus list heading into next week. Need to see a volume surge as price moves thru the 15.41 pivot level.
Market internals are very strong, breakouts have been sticking, indexes moving to key levels and holding up nicely. Set up for a potential bull run.
this chart needs no explanation. Overhead trendline resistance test in progress. That should create another pivot for eventual breakout. Likely candidate for a run later in the year.
Hello guys,
I am sharing with you my analysis of Google.
I think the stock looks pretty cheap at the moment and it is forming a beautiful Double Bottom.
This is further supported by a MACD Bullish cross and upward trending RSI, which is above the 50 line.
Overall I think it has an appealing risk-to-reward opportunity.
What do you think?
Daily MA is coiling above the 69 VMA +++
Bullish breakout out of the pennant is in progress +++
Range has been quite narrow +
Showing similar price action as NFLX. I expect upward pressure to build to test 200 DMA in coming days.
Disclosure: Went long yesterday at 50.65...for now I will use that as the stop loss. Target 60.
