While everyone wants you to sell our favorite stock AAPL here is what analyst are saying take a look. All says buy and target between 135-150. Also look at the chart for possible consolidation and then a bounce. Price currently 21% off from the recent high. Sep-17-20 Reiterated Jefferies Buy $116.25 → $135 Sep-16-20 Reiterated Needham Buy $112.50 →...
Although market has been following and nasdaq more so than other indexes, FSLY is holding strong. That is a sign of accumulation. Wage pattern has formed and on Friday on a down day for market it broke out of a wage pattern with a strong volume. Great set up if follow through comes on Monday. Looking to go long on this one. Feeling confident. Take a look at the...
CAT is breaking out of a long term pattern. Breakout is with a strong volume. Some money surely preparing for a worldwide recovery from covid-19. Recently lots of analyst recommended the stock based on its fundamentals. price to sales ratio is very attractive. Dividend paying stock projected to have 39% higher EPS next year. So boys from Wall street are now...
I have posted a chart for this company few weeks back. MMM to me looks very intersting. Downtrend from 2018 is being broken after a long consolidation. Price just broke out of it today in a market down day. High volume. Trend indicators are showing momentum. Good company with fundamentals trying to turn around. F/PE not so attractive. But EPS expected to grow next...
All I hear on the media is tech rotation. Tech too heavy. People forget Tech has few things going that no other sectors have. One tech is the new commerce. Due to Corona virus it is the commerce. Growth is heavily expected. Not US but rest of the world is worried and wants to park their money somewhere there is return for their money. There is no alternative to...
SPY bounced off of 50EMA however it did put a lower low. Clear signal of weakness. Market i think is getting ready for two major uncertainities. Fall Covid-19 situation and presidential election in November. Both have major impact. I think there is more downside but i could be wrong. there is a higher probability of market retracing to 38% or near 200 EMA atleast...
I have been watching paypal. Nice long term buy for me. Not a swing trade. Chart is showing some downside since Friday 09/11 created a fresh low. Let's see if 50 EMA holds. If 50 EMA does not hold next stop is way far at 200 SMA. Looking at SPY and everything else Monday and Tuesday seems very important. If SPY breaks to the downside then Paypal is sure to move...
Hello again! So, after what... 6 months of uptrend? and having crossed the uptrend channel, i believed we could start thinking on possible distribution in place. This is not just based on 1D chart, but having lot of study in bigger time frame (1W or 1Month ... even 6 months...) So again, this is just personal idea and not financial advice! Use your own risk and...
An ending diagonal in the c wave of a flat pattern. hope everyone had a profitable week.
IOLCP is making higher highs and RSI also seems to be at a decent buy indication, i.e.,low. Yesterday there was profit booking seen in IOLCP due to which price fell low to 842. This is a stock to be bought on dips and the dip is here. Upside targets in 3 to 4 months of 1000/1100+ may be seen according to my knowledge and hence I am adding more quantity on monday.
Nike has been in a strong trend. Just broke out of previous highs of Feb and may run higher. Nice set up. There is a trend line resistance coming up on higher time frames but if market breaks to new high. Nike which has been trending strong will go with it.Just an opinion. Please do your homework before trading or investing in any financial asset.
DKNG broke out of inverse head and shoulder pattern on 4hr. Recently even in bad quarter corona impacted quarter company generated more than estimated profit. I agree fundamentally it is not apple but entry is based on technical analysis. If works then it offers a great risk to reward ratio. I am not an expert on Elliot wave but I try to incorporate it in a very...
Intel is making a bearish wedge once broken it will be heading for its longtime support/buy zone. I will be waiting right there to go long. Technical analysis are a wonderful thing. It tells you where and when. This is just an opinion. Do your own homework before buying or selling any financial asset.
LB has broken the downtrend also bouncing from double bottom. I see some strength in this breakout. This is just an opinion. Always do your homework before you buy or sell any financial asset.
Beautiful Medium term downtrend which was a correction when you see a larger picture is now broken after the consolidation. this new trend before the breakout started with completion of a Fib retracement. My only worry is I see market coming down for next few days which may impact on the strength of this stock. No matter what 3M is a good name. Would love to own...
MARKET COMMENTARY : Bank nifty has clearly given a breakout above parallel channel which indicates a good control in the hand of bulls, sustaining around 21700 level will take it further high up to 22071 to 22500 level as well. Control of shift from bulls to bears will take place only below 21280 which can further drag it down to 20650 level. APPROACH : As...
Should we wait for a third touch at 1 b or should we sell at 1 a Two possible outcomes now
Back when NFLX was around 70B, coming out of 1.5 year conso. 1. Enter on retest of Oct 2016 high 2. 1DATR SL was sufficient.