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.
The area that interests me is the supply zone notated by the Orange Rectangle. Aside from an obvious supply zone, CEO Roxanne Austin has purchased nearly $6 million in shares over the New Year holiday. Some speculate that growth is a concern, but that is a concern with all growth stocks; what if they were to stop growing? There's always a risk investing money into...
We recently wrote about semiconductors from the perspective of capital spending and government policies aimed towards encouraging further capital spending and ultimately semiconductor independence.
However, we’d be remiss to not at least touch on some of the current geopolitics.
A simplified look at the semiconductor supply chain
If one simplifies a rather...
Claimed VMA on 3D chart +++
Hanging below confluence of 200DMA and VMA. Any futher tightening at these levels would set this up perfectly for breakout. ++
volume shelf 30 is already tested. Above, 45 will come fast. Still early, but showing great strength over the last few months in a terrible market condition. Must watch for next few months.
NDX underperformance vs. SPX is becoming extreme here, last time (in June 2022 right after the OPEX Quadruple witching we bounced massively on it until mid July
This chart is the Weekly (log term) showing an intact uptrend right at the bottom of it here.
Bottom Line buy here NDX hedged in SPX you are being supported by L/T Moving average below. 200d-MA
Since SPX...
Tracing $RBLX since 21.6 bottom - more than double in 3 months - Rumer's for beat earning but extended without re-test or uptrend confirmation - the idea to short after earning jump as RSI/MFI are overbought - if 52-53 showing strong resistance then possible short entry if passed 53 with higher volume then expect to fill up the gap between 59 to 66 so next move...
Solid setup emerging as this stock has based all year long and has major signs of accumulation since its earnings report in mid-May as it forms the right side of a base. Volatility remains contracted near the breakout level, which is a big plus.
Potential entry trigger - break over last weeks highs.
The market has been moving higher nicely over the past few days, particularly in growth and tech stocks, however, throughout today's session we saw that momentum reverse with a large number of outside reversals and stocks trading from green to red.
Most short and medium-term trends remain in tact higher.
CPI-U is reported at 8.5%.
The alternate CPI-U from 1990 has inflation around 12%.
The alternate CPI-U 1980 has inflation around 16.5%.
This has triggered the markets sentiment that inflation is over to go hog wild on it's Goldilocks targets and head higher on the SPX.
To bring inflation down to the target of the FED now becomes the discussion. The market is...
GitLab Inc. is an open-core company that provides GitLab, a DevOps software package that combines the ability to develop, secure, and operate software in a single application.
Date launched: 2014
Employees: 1,630 (January 2022)
Formed and inverted head and shoulders. Wait for a $60 daily close (Break of neckline) for a long and a price target of $80. Be nimble....
If daily can hold above 11.20, likely that this tests 16 level soon. My guess is that it spikes to 12.5/13 to set up for 16. On watch...no position yet.
In 11 months, I’ve turned $680 into $1660 with this stock so far. I think this stock is still incredible & I am holding because it has these factors:
REVENUE GROWTH: ✅
NET INCOME GROWTH: ✅
EPS GROWTH: ✅
SMALL CAP: ✅
NO LARGE EXTERNAL FACTOR? ✅
Join my “Long-Term Stock/Crypto” group chat if you want to discuss more about my current rating of this stock. Too much...
Grid Dynamics accelerate digital transformation of Fortune-1000 US enterprises. They specialize in customer experience, data analytics, and cloud. They compite with the likes of NYSE:EPAM , NASDAQ:CYBR and NSE:INFY .
The price made its lowest low in mid March and since then has made a good bull run. Now $GDYN is making a good looking descending triangle, the...
In the most recent two-quarters, DUOL has sold off ahead of earnings and then rebounded sharply after reporting earnings beats. Coming into this quarter price action is reversed. DUOL has experienced a strong rally from a quarter ago, clocking in over a 50% gain from the lows of their Q1 2022 earnings in May. This bullish short-term momentum might just be stomped...
This is a 6-month chart of iShares Russell Mid-Cap Growth ETF (IWP) relative to the performance of the S&P 500 ETF (SPY).
IWP tracks a market-cap-weighted index of growth companies.
The yellow and orange lines are the exponential moving averages that form the indicator called the EMA exp ribbon. The EMA exp ribbon usually acts as support when price hits it from...
Since last week I have been warning that there will be a short oversold rally after FED testimonies in Congress & Senate but the worst is not yet over despite retailers rushing to buy the dip & exchanges trying very hard to keep BTC above the impt 20k in order to prevent mass selling.
NDX Nasdaq 100 has been making a downchannel since it turned down after...
AAPL failed to hold 133 the Fib 0.618 level. It also closed slightly below its recent low & the weekly cloud.
This turns the 133 from support to resistance if AAPL does not reclaim it quickly. The next support zone will be the 120 to 117 green box, very near wma 150. Coincidentally, 120 will also be a 200% retracement of the last rally from 150 to the high of...
Google is still in a big red channel downtrend sine the ATH at 3042 failing to hold even the median line last week. The lower red channel at 2025 will be tested.
If Google loses the 0.50 Fibo retracement, there will be a totally blank space (green box) until the next Fibo 0.618 at
1786. The decline will be very very quick. This capitulation most likely to happen...
