After the big drop in tech stocks in recent months, this etf, that follows cloud companies, is a very good investment option for those who look to the future...
The Global X Cloud Computing ETF ran up 33 % from May 2021 to November 2021 and has given back nearly 90% of that gain. Harmonically (Shark Pattern and ABCD) one could build as case for a pending reversal. As this is a counter-trend trade I'd like to see evidence of a reverse both with momentum turning up and signs of a definite price reversal. To this end I...
as per requested. overall trend for CLOU is still uptrend.. as here we can see the market break above $29-30 and supported. (was previous resistance back on Dec) BUT , we can see some divergence in MACD.. the high is getting higher, but in MACD, the high is getting lower ( can refer back what happen in Dec20 and Feb21 high). this indicates the bull is...
CLOU 01/07/2021 Bounced from Demand Zone and heading to TP1. If it can clear TP 1, there is ahigh possibility to hit TP2
I really like this ETF NASDAQ:CLOU and now is looking good. Is one of the leading tech industries due the higher demand for online solutions for everything, and I believe that is just getting started. It broke out of a symmetrical triangle with good buying volume and now is testing the 20 day MA with low selling volume, for me that's a good buy signal. All...
I have some calls on this, it just struggles to break that $26 barrier. Once it breaks out, it should melt up with some significant gains. MACD, Stochastic and ATR are all supportive indicators along with volume over the past 2 days. There is also a cup and handle sort of formation taking place right now.
Have been waiting for this to cross 26 - however, 25.8 is the mark according to fib retracement Watch for entry.
Watching for entry when it breaks $26 and holds for an hour Entering with call options
Just wow. The Cloud/SaaS ETF went from a panic sale to a panic buy. It came happen both ways.
Global X Cloud Computing ETF continues to take off as the broader market makes sideways or smaller increases in comparison. The price is very attractive at around $20 per share that offers exposure to Twilio "TWLO" 6.06%, Zscaler "ZS" 5.04%, Zoom Video "ZM" 4.57%, Coupa Software "COUP" 4.45%, Shopify "SHOP" 4.10%, Paycom "PAYC" 3.94% and quite a few others...
Aaaand we have a breakout. Possible path shown. Cloud computing. It's a thing.