arungoten

arungoten Updated 

As you might have seen i have not traded for almost 4/5 weeks and there is a good reason behind it. When i saw the markets behaving erratically, every negative news being considered positive , iran issu/risk impact completely neglected ,focus on trade deal phase 1 (which aint even full of promises), tweets from trump and so on, i decided to sit back and just...

arungoten Updated 

As you might have seen i have not traded for almost 4/5 weeks and there is a good reason behind it. When i saw the markets behaving erratically, every negative news being considered positive , iran issue/risk impact completely neglected ,focus on trade deal phase 1 (which aint even full of promises), tweets from trump and so on, i decided to sit back and just...

arungoten Updated 

Apple Iphone 11 pricing along with apple tv might be a masterstroke on which apple was able to ride the wave and reach 1.11T market cap, but there are problems which are not being seen. yes apple isnt just a hardware company anymore, their services are good, apple music is popular, apple watch is the best selling smartwatch and i think even iphone 11 might...

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After Nokia's earnings I expected it to continue falling considering no profitability in the next quarters and no dividends as well. But seems like its starting to find the floor slowly and might bounce back to its upper Fibo levels. Nokia right now is a pioneer is 5G hardware development (besides ericsson, china mobile to name a few) and this company isnt...

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First of all I am so happy Electronic Arts is down Premarket. I have several reason to be excited. Lets first look at the earnings : First lets look at the numbers : EA reported adjusted earnings per share of 97 cents on revenue of $1.277 million. That compares to analyst expectations of adjust EPS of 80 cents on revenue of $1.23 billion. But this isnt...

arungoten

As you might have seen i have not traded for almost 4/5 weeks and there is a good reason behind it. When i saw the markets behaving erratically, every negative news being considered positive , iran issu/risk impact completely neglected ,focus on trade deal phase 1 (which aint even full of promises), tweets from trump and so on, i decided to sit back and just...

arungoten

As you might have seen i have not traded for almost 4/5 weeks and there is a good reason behind it. When i saw the markets behaving erratically, every negative news being considered positive ,iran issues,risk impact completely neglected ,focus on trade deal phase 1 (which aint even full of promises), tweets from trump and so on, i decided to sit back and just...

arungoten Updated 

the only way is up. The volumes are good, trade war might be resolved soon, FED might cut the RATE by 0.25 points more. And the earnings are fast approaching. before earnings the TP is around 185 the way its rising. And if the earnings are really good then I expect it to reach 210-220 range. GL

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I find it so ridiculous when a stock rises just because some analyst upgraded it. Roku rises 10% just because BOA analyst said that competition is good for roku and set a TP target of 154 , which is 4% above the current rate. If you look at the fundamentals, disney streaming launch is just nearby. And disney has loads and loads of content. Yes roku sells...

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After amazing earnings from the companies , if you can call them that, Nasdaq is running out of options to keep going up. The number of buyers before earnings and now has reduced drastically and I am observing Nasdaq index getting rejected at the top Fibo levels. Even though earnings are yet to be finished, with the top guns finished with their earnings (FAANG), I...

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I have been observing the charts of Tesla but mostly i have seen that the charts usually dont work with this company. When a company has too many fan boys then it becomes difficult to imagine any fundamentals working. Neverthless, after gaining 90 USD in a span of 3 days with the news of profitability (which is funny considering the way they showed the...

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I expected today that the French index will go through correction after overextended buy, but seems like, this buying frenzy hasnt stopped . Which brings me to a good trading idea, to short this double top formation and wait for it to reach its bottom 0.681 fibo retracement after overbought levels. Open Short FRA40 5756 Tp1 5700 Tp2 5650 Tp3 5600 Tp4 5500

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I dont know why sometimes markets overreact this way. If you look at grubhub earnings , yes it was bad , but not so bad that you wipe out half its marketcap. EPS was in line The orders have dropped though by 15% which for me is a bad sign. And the orders and revenues might continue to drop considering their estimate for next quarters being 315-335 million...

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I have nothing much to say in these kinds of graphs With auto industry falling, global economic slowdown (its exaggerated but it is happening for sure), and consumer spending and industrial manufacturing falling, I think palladium might be getting exhausted with this rise. Palladium is used mainly in 4/3 way catalytic converters along with rhodium. Yes...