TWOU - online education provider seems to be getting close to a breakout with a target at previous highs 60 or even 90 if the Elliott wave projection proves to be right. Fundamentally TWOU appears to be cheaper than its competitors, and looks to become profitable next year.
Atkore, Inc. engages in the manufacture of electrical raceway products. The stock is currently consolidating with a potential resolution higher. If the breakout occurs it would be a good risk/reward entry. Revenue streams are growing and forward PE is expected to drop to 14.
Watching this name with a possible two entry points for a potential move higher. The company is riding the wave of the increasing revenues & net income. Forward PE is around 18.
Watching USNA for a potential breakout of the resistance zone. USNA sells weight loss products, which could be beneficial for most of us after coming out of the lock-downs. :)
Watching FEYE for a potential break of the resistance zone. Although the company is currently unprofitable, it is expected that it would become profitable by the end of the year with a P/E of 47ish. The company has growing revenue, which is a positive sign.
Fundamentals: If gold rally continues due to inflationary fears, gold stocks including BTG could offer good risk/reward ratios. B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. According to Interactive Brokers, the average 1 year target from analysts = 8. The company has attractive value...
Fundamentals: Revolution Medicines, Inc. is a clinical-stage precision oncology company focused on developing novel targeted therapies. It engages in the discovery and development of cancer treatment. Average 1 year target from analysts = 54. Technical: To allow the stock some fluctuation the stop could be around 40.2 level. Target could be around the previous...
JFROG could present a good risk/reward entry opportunity to enter after breaking the 48.5-49 level. Fundamentals: Frog Ltd. engages in the development of software products for the management and release of software updates. It a growth company in a growing market. Average 1 year target from analysts = 78. Technical: To allow the stock some fluctuation the stop...
Hi. Breaking 393 level would likely mean more severe correction scenarios and point to higher likelihood of another leg up in the market. If this happens, next areas of major resistance could be around 408 and 416.
I believe that we finished our 5 waves in Feb 2020, completed an A wave correctional wave with the COVID selloff, headed to current levels in the B wave. In my humble opinion, we could be in an expanded flat corrective ABC waves. If this count is right, what comes after B wave? Yes - C wave. Here are the normal Fibonacci Ratio Relationship for an expanded flat...
Fundamentals: www.forbes.com Technical: Consolidation in a form of triangle (possibly wave 2) is getting to an end. Disclaimer: Please invest at your own risk, and put stop-loss orders wisely.
The most probable scenario for GLD is to reach 166 level before heading for the next (bigger) move to North. GLD is inversely correlated with Dollar, thus for this scenario to occur DXY should increase, and then head towards South (inflatio, currency devaluation). Please give a thumbs up, if you like the analysis. Disclaimer: This is not an investment advice,...
Based on the standard fib extension, the QQQ might soon reach a local top and gift the patient ones a good opportunity to buy on the dip. Disclaimer: This is not an investment advice, just mere a personal opinion based on probabilities.
SP500 might be nearing a local top soon, after which there might come a good opportunity to buy the dip. Depending on where the last wave of the current movement (the one started at the dip on 30th of Oct dip), the local top can be reached at 3890, 3950 or 4020ish. Will be watching divergence, dollar index. Of course this is just a probability exercise, do not...
Tesla could be headed to 1000-1040 area before heading for a correction which could reach 450 level. This could present a good opportunity to buy the dip.
Fundamentals: ATHA is a biotech company whose primary product is focuses on Alzheimer's disease. This is product, if approved, promises to be in a very high demand. Recently company issued additional shares, which send the stock plummeting. Technicals: ATHA might be working out on a 2nd wave. If this hypothesis proves true, the next 3rd wave can get the stock to...
Dollar might present an attractive entry point after breaking 91.3. This move can be played out by either investing in dollar, or shorting precious metals.
Hi. Datadog presents good risk/reward ratio entries above 111 or below 97.5 levels. Fundamentals: Datadog is a data analysis company with strong business fundamentals. The revenue growth should accelerate as businesses recover. Technical analysis: Stop loss can be put at 89. In the most bullish scenario we could be the 5th wave which could get us to 152 level.