Dear traders, Id like to share this idea in order to take long positions, basically Cloud services are getting to much attention in this decade, corporations are hiring these services to store ther data base in Cloud. 80- 90$ is is a good price range to look for buying opportunities. Additionally RSI is clearly oversold and prices already went down quite...
Not a good look for cloud computing vs spy. Would be more bullish above the marked line.
First Trust Cloud Computing ETF ($SKYY #SKYY) is offering a good risk reward entry for a continuation of the uptrend movement.
after breaking out and rallying to all time highs I think SKYY will pull back to the 10 week moving average. this would be the 4th time the etf to touch or cross below it's 10 week moving average and would be a sign of an old and tired trend set to reverse. I am long SKYY 95 puts. with an initial target of $90 I am looking for INCREASING volume and expanding daily...
Waiting confirmation candle next week
Waiting confirmation candle
Temporary uptrend from the hourly candle
Sloping up from the downtrend
SKYY tracks the ISE CTA Cloud Computing Index (CPQ), and on this weekly view looks like one of few possible V-bottoms. A few points to note: - SKYY's current bottom actually took place March 16th; a calendar week before most equities - We've had a 35% pop since the 16th (more than half of the nominal decline) - And closed out last week with: - absolutely...