Very interesting situation for Facebook right now. On one hand, I am seeing the support zone labeled in red, but there still exists the possibility that FB falls out from the support and possibly moves to 222-218 area or the previous high. I am considering to add a little of FB share at $246, and eyeing more at $220. TP 300.
Shorting Roku from 419, and looking for a TP of 300 at least. Optimistically I am eyeing 200.
Despite the recent upside, I still think as COVID-19 gets controlled, the demand for Zoom will drastically drop and that seems to be reflected on the stocks as well. Still shorting, and waiting to add even more.
The financial sector on its way to a triple top. It’s about time to end this bubble. TP 21(MA 200), and SL at 34.5.
End of the bull run for Zoom. TP 230.
C&H perfectly formed, and watch for a breakout from the resistance line. Once that happens I will long and TP is $56.35. SL at $44.
I perceive $27.6276, a previous high, to be one of the resistance level. And from the range of silver, I think it is relatively overvalued in the short term. But if we see a breakout from $27.6276, I think it's possible to see more upside. If not, I would assume a violent retrace.
Breakout from the previous resistance zone. In the short term, I see a small c&h and I believe a quick retrace to the 1920 level is possible. If that doesn't sustain either, I am expecting gold to fall to 1870 level.
When I compare the PS ratio and PE ratio from 2009 with 2020, I found it to be interesting that that the PE and PS ratios are almost at the same level as those from 2009. I am looking to short some, but it depends on if this bubble continues or not. I suppose the long run price for Apple is probably around 70 at maximum.
Overvalued even from the range found in 2018-2020. I am aiming for .238 and .382 fib levels as TP.
BlackRock in my opinion. So both 2008-2020 range and 2020 covid-period range both tell me that BlackRock is overvalued, and I am interested to engage some shorts. TP @ MA50
My idea. I hardly understand why BestBuy, known for its offline stores, would actually benefit from Covid-19. Not gonna lie I purchase most of my electronics from BestBuy, but as an electronics retailer, this is too overvalued from both financial and technical point of view. My TP for BBY is the MA 50 line, which varies from time. I would consider engaging shorts...
5 waves up complete. I think the long term price for PDD will be around $100, and short term TP would be the MA 50 line.