MAXN : SWING TRADE / SCALPINGMaxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore.
First Solar (NASDAQ:FSLR) and Maxeon Solar Technologies (MAXN) were upgraded to Buy from a Sell rating at Goldman Sachs. The investment bank pointed to the tax-and-climate bill signed last month by President Biden as a key driver for the U.S. solar industry.
The law has incentives for the biggest investment in energy-efficient products in U.S. history. It sets aside $21 billion for rebates and federal tax deductions for energy-saving improvements to people’s homes in the next 10 years.
“Simply put, we see stocks with U.S. leverage and/or U.S.-based manufacturing as fundamentally best positioned, and we take a deeper dive look at where valuation would suggest further upside exists,” Brian Lee, analyst at Goldman Sachs, said in the Sept. 7 note.
The bank also updated earnings estimates and price targets for the solar companies in its coverage.
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Bluesky
MGA : BLUE SKY / SWING TRADEMagna has an impressive 63-year storied history which includes countless innovative collaborations within the auto industry. Over the six decades, Magna has developed the expansive core competencies across all components and manufacturing processes that make up the complete automobile. Not only does Magna have a manufacturing presence in 27 countries, they also have extensive engineering expertise in design and product development. They are a tier 1 supplier to the auto industry that really should be looked at as an automotive OEM.
Magna has produced 29 models and over 3.7 million complete vehicles over the years and these aren't all just your ordinary variety of economy vehicles. In fact, Magna is the producer of the iconic G-Class Benz.
Now as the World begins to take its first steps into a future where electric-powered vehicles will ultimately take over the market from the internal combustion engine predecessors, this many decades-old company is at the forefront. Remarkably, it is almost like the history and experiences that Magna has gone through over the many years was all in preparation for this moment in time. Whereas Tesla Inc. has pioneered the all-electric concept and proved to the World that mass production would be embraced, Magna is positioned to become the leader in the global scaling out.
Magna has all of the pieces in place to help these new companies turn their concepts into reality. They can start from a clean sheet of paper then move into the engineering and design phase, flow into the process and manufacturing phase and all the way through to final paint and assembly. Now that’s a great position to be in at these early stages of such a massive disruption.
SOURCE : Magna International: Innovative EV Start-Up Collaborator Disguised As An Old Dividend-Paying Parts Supplier, SimpliStk, SeekingAlpha
seekingalpha.com
PYPL : BLUE SKY / SWING TRADEDigital Payments remain a strong area of growth, riding on pandemic tailwinds encouraging a move towards a cashless society.
Despite strong pressure from other third-party payment providers, PYPL has the competitive ammunition needed to thrive, driven by its two-sided merchant and consumer network.
Nonetheless, there are some headwinds that investors should look out for which may limit the potential of PYPL moving into 2021.
Current valuations on FY19 numbers reflect a neutral outlook, but the possibility of rejuvenated revenue streams from crypto and pandemic tailwinds can serve to revise estimates upwards.
SOURCE : PayPal: A Protagonist In A Digitalizing World, 10 Jan 2021, BK Tan, SeekingAlpha
seekingalpha.com
AVAV : BLUE SKY / SWING TRADEAgEagle Aerial stock jumps in wake of AeroVironment's Arcturus deal
AgEagle Aerial Systems (NYSEMKT:UAVS) shares fly up 21% after a $405M acquisition announced late yesterday in the unmanned aircraft systems space may be be raising investors' hopes for more consolidation in the industry.
After Wednesday's close AeroVironment (NASDAQ:AVAV) agreed to acquire privately held Arcturus UAV in cash and stock.
In the past year, UAVS shares have skyrocketed to $9.39 from 55 cents, with its ascent accelerating midyear amid speculation that the company was working with Amazon on a delivery drone.
UAVS shares surge more than 1,000% in the past year.
SOURCE : Jan. 14, 2021 4:02 PM ETAgEagle Aerial Systems, Inc. (UAVS)By: Liz Kiesche, SA News Editor, SeekingAlpha
seekingalpha.com
Blue Skies For Algo This Year ? ALGO/BTC #algo $ALGO #Bitcoin Here we see our weekly ALGO Bitcoin chart . It's looking extremely nice for upside as it already hit a TD Sequential 9 in red and has gone up .
You will notice the last resistance here above us seems to be near 6500 sats on the weekly chart and the last resistance on the daily chart is near
9153 sats which is also near the .236 fib . When we get above these levels we will be in price discovery mode - which is also known as " Blue Skies "
. or a Blue Sky Breakout .
Because there would be no more resistance above us to stop us ! This would probably bring us at least up to the .50 fib near 17600 and above that the .618 fib near 21600 . That would be at least 10x up from where we are right now - and possibly much more. Could be a Blue Sky year for ALGO !
NET SLINGSHOT / JACK IN THE BOXI know very little about CLOUDFLARE but I know a chart I like when I see one. This chart definitely have the candles that light the way to profitability. A nice reminder of what I learned from my mentor : TRADE WHAT YOU SEE or TRADE WHAT YOU KNOW?
This is definitely a purely technical approach. Trade now ask questions later. This chart needs no complicated indicators or oscillators. It's purely PRICE ACTION with VOLUME at it's finest. But if you insist on confirmation, check out the MACD crossing up and OBV showing ever increasing buying pressure.
Buy at the break of previous days high for potential 10% range expansion. And as always, manage your risk wisely.
NVDA PRICE CHANNELWho doesn't know NVIDIA? If you're reading this, all you need to do is dismantle your PC and you'll certainly find components inside manufactured by the semiconductor manufacturer leader.
Although price is at rich valuations, technical analysis shows a price channel intact while consolidating for the past four weeks setting up for a Blue Sky Breakout. It's not too late to participate in a potential explosive price action on this stock. Consolidation above the 20-day EMA is as solid as it can get. A counter trend break a few days ago validates what could potentially be a trend continuation. A false breakout last week is just an indication of buying interest on the stock. Similar to its competitor in the semiconductor sector is AMD with a much more volatile and longer consolidation and still hasn't broken its previous February high. This clearly cements NVDA's leadership in the sector.
LVGO BLUE SKY BREAKOUT to BOOMER SET UPAnother beneficiary of the shift towards Telemedicine and remote health monitoring because of COVID-19. Company has been doing exceptionally well even before the pandemic with increased insurance support providing subscription to several Fortune 500 companies. Increased institutional participation observed with high quality funds increasing their position on the issue.
Technicals breaking out of the pattern resistance with OBV indicating increased buying pressure and RSI signals strong momentum for range expansion after pausing on the second half of the trading day. ADX >30 also confirming trend strength. Boomer set up observed on 2H chart giving an opportunity to participate on expansion breakout.
TWLO BREAKOUTI posted an idea for TWLO two days ago and it looks like it's ready to continue its uptrend from a tight consolidation. It briefly established a new high today and the bluesy breakout set-up is potentially going ahead, if overall market sentiment remains bullish. This company has been on a tear since 2017 and has provided me a hefty 400% return since 2018. TWLO was my thesis in school and I learned about it's massive addressable market.
Twilio provides CPaaS (Communication Platform as a Service) and has a large moat being an early mover. It's impressive growth are as follows:
Sector Median % Diff. to Sector
Revenue Growth (YoY) 67.91% 7.24% 838.52%
Revenue Growth (FWD) 43.11% 6.38% 576.22%
Operating CF Growth (FWD) 117.24% 10.32% 1,035.68%
The work from home shift and growing adoption of e-commerce serves as a tailwind for its rich valuation as the market is pricing in its profitability.
On Technical Analysis:
MACD has yet to cross up for a conviction buy. However, On Balance Volume (OBV) Oscillator reacts faster than the MACD indicating an increased buying pressure and has broken out from the trend line on the daily chart. Zooming in on the 4H charts signals the beginning of a rally. Price has also broken out from a tight range.
Reasonable price objectives are set on the chart. I hope this helps. Good luck and happy trading!
TTD BLUE SKY BREAKOUT to SLINGSHOTTTD went through a 10 day consolidation after breaking out from 316 to 370.
Currently set up for a potential slingshot to hit 400. Price is looking strong holding its footing above the
10 day EMA.
Fundamentals are showing accelerating revenues and expanding margins due to its resilience to the pandemic
and mostly benefiting from the shift to work from home and e-commerce. One of the few high growth stocks
that's taking a slice of Facebook and Google market share in advertising. With revenue growth of 37% YoY and
top margins of 76% compared to sector median of 7.24%, this is definitely one for the long haul.
Let me know your thoughts and best of luck on your trades.
LVGO TRADE DEVELOPMENTBLUE SKY BREAKOUT SET UP
Another potential opportunity to profit from a company that's not only is resilient but also benefiting from the pandemic. Accelerating revenues and increasing market share serves as the tailwind for the company.
TWLO BLUE SKY BREAKOUTA system used to take advantage of assets that are in the middle of an intermediate uptrend or advancing phase. The objective is to find periods of temporary weakness or pauses within a trend that can be used to initiate positions. Positions are held from days to weeks with the goal of accumulation of numerous small profits.
Blue Sky breakouts are different from coils since this set-up remains above the 20-day EMA and have not completed the 6-week time requirement. Support and resistance lines can be observed when zooming in to hourly charts. This set-up usually appears in strong bull or momentum markets. Confine stock picking in sectors or markets demonstrating strength.
Set-up:
Price has to be at least 6-month high, preferably ATH
Consolidation which lasts for 2 weeks (maximum of 4 weeks) and has to be above the 20-day EMA.
Almost no price retracement.
Trigger:
MACD crossing up indicating momentum on price accelaration
Execution:
Break of pattern resistance with strong impulsive break out candles supported by above average volume
Management:
Price Targets set through Fibonacci Extension
If price retraces and hits stop loss point, set-up may be turning into a coil and may need more time to complete.
Blue Sky Again for GROW!So today we saw confirmation of the breakout from previous consolidation. Daily MACD cross, with stochastics confirming breakout as well. Resistance at 0.485 and 0.50 psychological, close above 0.50 is blue sky with good follow through and would most likely lead to a run to 0.60 based off price target from previous tightening equilibrium pattern.
Also watch for financials end of April and AGM in May! 2019 is the year for GROW
CO2 GRO Inc. Blue Sky Breakout!Update to my previous analysis on GROW. I've been following GROW for over a year now, and sp had been stuck in the 0.10-0.30 range. With a close above 0.40 the breakout from previous trading range is evident. Highest share price since their CO2 startup took over, so we are looking at a blue sky breakout. Sustained bullish volume, with good support being built on the way up.
Lot's of catalysts coming up for this company, financials end of April with $1.5 mill in cash from warrants in late fall. Aggressive expansion with many new contracts being signed, projected $10mill revenue run rate by end of 2019. Market cap only $27mill. Still an early stage start up with great potential, time ot get in is now.
Avoiding losses, avoiding crap stocks BlueskyNow we use "Trend is your Friend" indicator to check the crap stocks of the year in ASX300, first one is Bluesky which dropped to almost nothing for the year (dropped 94%). The indicator follows the trend so there should be no buy signals for these crap stocks once it starts dropping. This should sell near the peaks to avoid losses, first sell should be just a few candle from the peak. Lets see how the indicator performs. This should avoid buying losing stocks.
For my reference:
Green triangle = buy and hold
Pink triangle = sell
Crap stocks in ASX300 2018-2019
1. BLA Bluesky (-94%)
2. CLQ Clean TEQ (-71%)
3. MLX Metals X (-66%)
4. INR Ioneer (-63%)
5. SYR Syrah Resources (-60%)
6. AJM Altura Mining (-60%)
7. AMP (-55%)
8. BWX (-55%)
9. BAL Bellamy's (-54%)
10. KGN Kogan (-54%)