Shopify not only made a new 52-week low today, but we are also looking at buying it for prices not seen since pre pandemic. Prices that it had ran up into without the $ printer running #Brrr.
Making this price range all that more significant.
I have a theory that possibly some of these riskier assets and tech/fintech plays end up finding their own bottoms long...
Short term shift in market sentiment here.
As long as $136.5 low holds, expect dips to be bought targeting $157-$163 region.
Next nearest buy zone to is the $137-$140 region.
Below $136.50 would void the bullish scenario imo.
No confirmation indicating a reversal from $3414
Lower highs remains the case here.
Support remains $2250-$2317
As long as $2030 support holds, we can expect dips to be bought for a move to $2717-$2900
A higher high has been formed suggesting a short term change in trend.
However, there is no confirmation until the $316 region is taken out.
As long as we remain below $316, expect bounces to be sold.
In the near term, I expect $250-$260 zone to be a good buying opportunity.
As long as last week's $246 low holds, expect dips to be bought for a move to...
Look for dips to be bought in the 231-240 as long as $176 low holds.
FB has formed a daily demand zone in the $179-$185 region.
Below $176 and we most likely test and/or break $169 low and head towards $150-$159
A case of the higher lows in effect here.
As long as the $99 region holds, we can see $110-$120 next
The next buy zone is the $100-102 region.
If $99 fails., we go back to retest the $91-$93 region.
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...
Last week was the end of the correction from 1.0504, which reached just above an important resistance zone, located on levels 1,0847-64. Accordingly, the maximum target correction was completed and returned to the market declines. Ahead of the Federal Reserve meeting, which again may lead to greater volatility. However, in the longer term still applies downward...
