BABA currently has strong support at ~180 level. This beaten-up stock has a lot of China uncertainty built into the current price, and it is an extreme discount from fair value evaluations. More turbulence in China could cause more turmoil in the future, but BABA is still a compelling long-term opportunity in the 180-190 range.
The support levels (~19.00 and ~17.00) for SPR have been tested on many occasions. This beaten-up stock has very little downside at current levels. The dismal outlook of the aerospace industry has already been priced in. SPR has a partnership with Virgin Hyperloop to manufacture infrastructure needed to build the next generation of high-speed rails. For a company...
BTCUSD has been trading in a regression channel since March lows. Prices have consistently fought to stay above moving averages, and RSI 14 recently crossed over 50, indicating there is more room to the upside.
Earnings are this Friday, and this e-commerce giant is bound to report some really solid numbers due to COVID. The stock recently moved above its 50-day moving average and has been trading in a rising channel. Fuel from earnings could provide the catalyst for the next big move up. Any weakness should be considered a buying opportunity - BABA has a bright future ahead.
Bitcoin chart looks promising. Moving Averages are providing solid support and institutional investors are beginning to embrace bitcoin as a hedge during coronavirus uncertainty.
Short-term trade opportunity. Be careful of a head and shoulders formation in the next few weeks. Long-term this stock is very speculative and is certainly a high-risk high-reward situation.
Earnings are coming on 4/29 - a lot of bad news should be expected on this call, but keep in mind... a lot of bad news is already built into the current price. Symmetrical triangle pattern means the stock is bound to break one way or the other. At these levels, the long-term upside is much greater than the short-term downside. Long-term investors should buy.
Keep in mind, charting patterns in this coronavirus-driven market may seem like a bad idea. So let's take a look at the financials: Dirt cheap even for the recession we're in (P/E ratio: 3.41) and certainly oversold (RSI dropping below 30). Nice paying dividend currently over 5% - DFS is a screaming buy right now. Buy it and ride these tough times out.
Let's see what happens Monday/Tuesday in the markets. MSFT is still up 26.7% in the last year (despite Coronavirus selloff) - it should not be considered cheap with current P/E ratio: 26 (down from P/E ratio: 32 in February). Terrific company with a lot of prospects going forward but there is much better value to be had elsewhere in the market right now. MSFT is...
Would I buy Apple right now? Not yet. Coronavirus will have a major impact - murmurs of iPhone12 delays and supply chain pinch. However, there is no question Apple's strong cash balance (exceeding $200Bn) will push them through this crisis. It's important to note that Apple shouldn't be considered cheap quite yet (current P/E ratio: 19.39 -> down from P/E ratio:...
Long term investors should consider building a position in Boeing between the $185-$130 levels. Traders should be hesitant as it is possible to retest 130 support. The Coronavirus will continue to inflict volatility on the market; however, Boeing is primed for a run into the mid 200's. A reiterated May estimate for the 737 MAX approval looks promising and the...
