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Cloudcomputing

Seagate Breaks the DowntrendSeagate Technology has spent the last five months pulling back. But now it may be turning around. The main pattern on today’s chart is the descending trendline that started in May and ran along the peaks of August and September. Notice how STX closed above that line on Friday. Next, the jump followed two weeks of consolidation along the 200-day simple moving average (SMA). A bounce at that level may suggest its longer-term uptrend remains intact. It also occurred near the July 21 low at $78.86. Third, consider why STX jumped last week: strong quarterly results and guidance. The hard-drive maker is enjoying a surge of demand from data-center customers. Its relatively low multiple (about 10 times forward earnings) could also provide some cushion against rising interest rates. Finally, notice how the 8-day exponential moving average (EMA) is on the verge of rising above the 21-day EMA. STX may pause around its current level, but a cross of the 8-day EMA above the 21-day could signal shorter-term momentum has grown more positive. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:STXLong
by TradeStation
2
Stunner: Oracle Breaks Out as Peers LanguishSoftware companies have lagged this year as investors focus on cyclicals like energy and financials. But one unexpected name is breaking out: Oracle. As covered previously, strong earnings lifted ORCL to new highs in December. It then pulled back to old resistance and bounced. This week, its shares are closing above their previous all-time highs. Two technical patterns stand out today. First, notice how ORCL broke above $64 on February 22. The stock barely pulled back in subsequent sessions, even as the broader S&P 500 dove to a three-week low. Second is ORCL’s relative strength compared to the broader technology sector. Both of these trends are signs of accumulation. One positive catalyst is ORCL’s improving momentum in cloud-computing, which prompted analysts to raise price targets after last quarter. Now buyers are re-engaging with another set of numbers about two weeks away. The company’s lower valuations may also provide some shelter against higher interest rates. ORCL trades for just 14 times forward earnings and 5 times revenue. Other big names like Salesforce.com and Adobe (which have gone half a year without hitting new highs) trade for at least 3 times more. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:ORCLLong
by TradeStation
RLC back in the buy zone. Future of cloud computing. Fundamentals: This is one of the promising projects which is building a decentralized cloud computing platform where computation can be aggregated from sources all across the globe. They are directly competing with the incumbents AWS, Google, IBM, Microsoft etc. Currently the market cap sits around $65 million which is a steal. The team is made up of several PhDs and experts in the cloud computing field. They are also working on decentralized oracles which will compete with Chainlink, Band etc. In addition, they have become a member of the Intel AI ecosystem giving it more credibility with the enterprise customers. The cloud computing market as a whole is growing exponentially and is predicted to surpass $500 billion+ in 2022 (kinsta.com). Even capturing a small percentage of this market will propel RLC to a multi billion dollar market cap. Technicals: RSI: Heavily oversold OBV: Accumulation has been going on since the last 2 bull cycles This is a long term hold. Expecting the marketcap to exceed $1 billion + in the coming years. Note: This is not financial advise. Please do your own research.
Long
by CryptoPaily
iExec RLCGiant head and shoulders forming on the higher timeframe? Or do you prefer the cup and handle? as shown in my previous analysis here: To me these technical indicators show the growing probability of the RLC token prize going (MUCH) higher in the beginning of next year. (Right around the launch of the regulated and compliant environment). Check out there website here: iex.ec And more info on the eRLC token here: iex.ec iExec must be one of the most underappreciated crypto-projects in existence... Thanks for looking! Sven
BINANCE:RLCUSDLong
by svenso
Twilio Nuzzles Old HighsEveryone knows about Zoom Video Communications , but Twilio is another cloud-based beneficiary of the coronavirus pandemic. TWLO has had a trio of positive headlines this month: 10/2: Guidance raised 10/12: Acquires customer-data firm Segment 10/26: Earnings and revenue beat TWLO has declined along with the rest of the market in the last two weeks. It’s now back around $285. That level was the old peak in August and its consolidation zone earlier this month before it sprinted toward $340. The pullback is also creating an oversold condition on stochastics. Momentum followers may look for its upward continuation if the broader market stabilizes. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:TWLOLong
by TradeStation
Zoom Video Highlights Pullbacks Across Software SpaceZoom Video Communications has clearly benefited from the coronavirus pandemic, but it’s not alone. The crisis has also lifted several other software and cloud-based service companies. Many of them, including ZM, pulled back last week as sentiment swung toward the reopening trade. This week they could be worth a look as new daily infections shoot over 80,000 for the first time. First, ZM has formed a high basing pattern above $500. This same level was roughly the top of a bullish triangle that it escaped on October 15, so we could be seeing old resistance turn into new support. The stock is also holding its 21-day exponential moving average (EMA). It’s not much of a pullback, but for a name with the kind of strength ZM has shown, it could still present an opportunity for trend followers. There are others: Twilio : The cloud-messaging stock has had some powerful earnings beats and guidance raises. It’s now pulled back following a breakout to new highs on October 2 and is trying to establish support above its old peak around $289. Digital Turbine : The mobile-software stock has surged more than 600 percent since May. It’s now retraced about 23.6 percent of that move and is trying to hold the same $33 zone that was resistance a month ago. EXP World : The provider of cloud-based real-estate software is retesting its 50-day simple moving average (SMA) after a 600 percent rally. It’s also near the $43 level that was resistance in August and September. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:ZM
by TradeStation
Breakout or wait for pullback? Market leader with high RS.FA, - Brilliant financial position and poised for growth - Foremost stock with significant subscription revenue model. - Market leader - RS rating 88. EPS rating 99 - ROE:39% - Sales growth 3Y : 23% TA, - Wyckoff Accumulation - If price closes above 470, it's a clear sign of strength(SOS) - Higher highs and higher lows. Supply drying up. - MACD daily golden cross - Through this whole rally, ADBE has never dipped below 40ema which further confirms it's high relative strength and the status of a market leader. - Perfect entry would be if price can consolidate and get closer to 20 and 40EMA. Risks, - Overextended from moving averages - Pressure on growth stocks
NASDAQ:ADBELong
by ashainp
Salesforce.com Holds Trend as Earnings ApproachCloud computing has been one of the strongest growth trends in the market this year, and now one of the most important names has pulled back to some interesting levels. Salesforce.com has followed an upward-sloping trend line since early June, making successively higher highs and higher lows. The two most recent peaks were all-time highs above its pre-crash records. Now it’s pulled back to that trend line. Second, the current low is very close to the $195.72 level where CRM topped out in February. Has old resistance become new support? Overall, this is a pretty conventional trend-following setup. It resembles Netflix on June 30 , pulling back to an old high and trend line before earnings. CRM reports on August 25.
NYSE:CRMLong
by TradeStation
$DDOG finally pulls back. Holding a key level.FA, - Revenue up 87% YOY - DBNRR(net retention rate) above 30% - 63% of customers using 2 or more products - Customers with ARR of $100k+ grew +89% YOY. - Guidance of 62% revenue growth this quarter and 54% a full year. - Gross margin>70% - Rule of 40 fulfilled. 80% revenue growth- 4% EBIT margin = 76%. - Good financial health - Covid tailwinds TA, - The red levels are the daily levels. Daily candle rejected strongly( long-tail) off 72.15 and both the preceding candles closed above 75.00. - Daily 120EMA - RSI oversold Price could very well go further down from here. I would look at entering again at the mid-'60s if so.
NASDAQ:DDOGLong
by ashainp
DOC - Trying out RubberBand strategyI’ve been following Matt’s work from Trader University. In his book he goes into detail about this simple, yet interesting strategy. The strategy consists of buying when the price closes below the lower Bollinger band (80) and selling once it closes at the middle band. He usually holds for a few days or weeks, so this trade will be oriented towards swing trading. Here are some details of my position, once again I would appreciate any comments from the experienced traders out there! I love learning from people who know this way better than any book could possibly teach me. Current position: 1000 shares at 0.68. Exit target - 0.75. Stop loss at 0.64. If anyone out here has traded using this strategy before, please let me know if it was worked for you before. Or if anyone is familiar with this guy Matt, I would also be intrigued in having a conversation. Any thoughts?
DLong
by normaescobarca
5
A Moment People Have Waited for: Zoom bounces at the 50-day SMAZoom Video Communications has become a household name amid the coronavirus lockdown. It seems like everyone’s using it -- from coworkers to teachers and doctors. All the excitement pushed ZM near $165 in late March. It then ran out of energy and retraced all the way back down to $110 this week. The current zone is potentially interesting for two reasons. First, it’s at the 50-day simple moving average (SMA). In fact, this is ZM’s first pullback to that line since it started rallying in early February. Second, the current price zone is slightly above a longer-term peak from June 2019, shortly after its initial public offering. ZM is in the news today because of a shareholder class-action lawsuit. However, the issues resulted from its success. One was a decline in the stock price -- after a monster run. Another was that its product has a few issues. These only became obvious after its user base grew dramatically. The company’s market cap now tops $30 billion, placing it in the same leagues with Kraft Heinz and Autodesk . Some analysts have complained about its multiples because ZM trades for more than 50 times revenue. This is high compared with other tech stocks. However, investors may be willing to pay it given ZM’s new importance in business and society. One of the big lessons of growth investing is that rich valuations are often a sign of strong demand. ZM’s last quarterly report in March beat estimates and its next set of numbers are due in June.
NASDAQ:ZMLong
by TradeStation
3
NTAP Earnings: Short-term Bottom, HFT, Pro Traders, BuybacksNetApp is a Data Storage company for Cloud Technology. The Financial Services Industry is reporting a huge increase in Cloud Services usage that is starting in 2019 after a very conservative interest in Cloud Based Storage and services. This could potentially help NTAP complete this short term bottom and begin a new business cycle for the next couple of years. NTAP topped around $88 and declined to a low of about $56 before starting this first attempt at a bottom. HFTs are likely to be targeting this stock tomorrow as it reports its earnings. NTAP technically has stopped just below resistance for a completion of bottom. It is technically in a sideways pattern at this level. BOP shows HFTs were the drivers for the stock to drop in price to the short term bottom low of $56. BOP is not yet showing any quiet accumulation. Some pro traders are in the mix. The stock may also be under buyback mode as well.
NASDAQ:NTAPEducation
by MarthaStokesCMT-TechniTrader
PVTL finding its bottom - a fundamental play for mePVTL is a company I like fundamentally. I'm a software engineer and I've developed on their platform Pivotal Cloud Foundry, and I do like it. I know the decision makers at that former employer also really like the platform. I'm of the opinion that these guys will be a prime target for an acquisition by Amazon. I have seen absolutely no indication that this would ever happen, but knowing what these guys do and watching the direction they've taken, I believe it would make perfect sense if it happened. When I saw the gap down over-reaction to earnings last month I bought a long term position after hours, and ended up selling it a couple days later for very small profit when it was clear the chart was going to break down to lower lows. Now that PVTL is building a base of support in the $19 range I'm starting to get interested again in making a longer term swing investment. Thursday was a daily inside bar that broke bullish on Friday and even closed above the IB resistance. I didn't play that because of the IB bullbreak fake-out on October 1st. It is worth noting however that Friday did the opposite - it had an IB bearbreak fake-out. I'm also noticing some potential bullish divergence here on the RSI and MACD, where the price is making lower lows and the oscillators are making higher lows (this is much more evidence on the MACD). The last daily lower high is is 19.93, call it $20 psychological, although a riskier play would be to get in a little early on the break of 19.68 because of the divergence I just mentioned. Looking at the 4hr chart, breaking 19.68 would also change the 4hr trend, giving us a new higher low and higher high. I personally feel comfortable taking that trade, as I believe $20 will easily break if the 4hr resistance breaks on big volume. The next daily resistances are at 20.11 sand 20.19 - there is a clear band of resistance in the low $20 range so a more patient and risk-averse trader may choose to hold off until all of those resistances break. When the daily oversold bounce does start to play out we will be looking for a lower high on the daily compared to 23.95. Key range: 18.45 - 19.68
P
by McGuireTO
JUST IF I Pump $ELF, Do You Really Wanna Know Why?Decentralized Cloud Computing is the most make sense industry at the moment. It's also linked with many big companies wanted to achieve the same thing on the same project. Cloud computing is quite primadona at this time and maybe several years ahead. Name it, Alibaba, Google, Microsoft and many others which smaller also wanted to have a piece of cake of this sector audience. Then, Decentralized Cloud Computing Blockchain Network sounds really good. Because it's probably the mid-term goal on top of it for now. And that's what aelf, or the ticker ELF, do. It's not a surprise if you see their website is full of big partnership investors, I do agree with them. Plus point, their website looks pretty nice. For real tho, aside of big partnerships, they are also listed on Exchanges like Bitfinex, Binance, Bithumb and Huobi. Top notch. Even tho there are several others on the list but these four are convincing enough for me. What i don't really like is their percentage of token owners. Really giving a little space for the market. Of course this action really reasonable because they knew their quality. Hmm interesting... Judgin from the fact that right now is on the accumulation zone. I bet a lot of capital right now trying to monopoly the market supply as we can see for weeks now. Just watchout. If you wanted to invest and accumulating for mid-term timeframe, you should pick something like this with proper entry. Because you already read the major reason, why this stuff great and why I will pump it. But i need to collect as much as I can before attracting the prey to my trap, retailers, so i can gaining a lot fo profit as I can. I think 5000 - 5500 is good accumulation range and if you got caught the price below 5000 sats then it's pretty big discount sale. Trade safe!
ELong
by blockchaindedi
Golem - "My precious!!" Up, & up & up?? – Or up, & up & down??Hey there peeps! Hope everyone had a wonderful weekend and are having a superb Monday morning. Take a look these figures: We've broken out of the mid-term channel we were in since January 18th 2018. RSI still has room to grow. MACD is showing sideways movement on the short-term but on a mid-term uptrend . Current Resistance: .00004210 (= 38.2% FIB) 1st target: .00004488 (= previous resistance) If previous resistance of .00004488 is broken: Next target will be: .00004696 If previous resistance is NOT broken: Fall back/correction will find stability between .00004132 and .00004210 (coinciding with previous 38.2% and 50% fib retracements) As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts! ABOUT GOLEM Golem is a global, open source, decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines, from PCs to entire data centers. Golem is capable of computing a wide variety of tasks, from CGI rendering, through machine learning to scientific computing. Golem’s limitations are only defined by our developer community’s creativity. Golem creates a decentralized sharing economy of computing power and supplies software developers with a flexible, reliable and cheap source of computing power. Golem enables users and applications (requestors) to rent out cycles of other users’ (providers) machines. Any user ranging from a single PC owner to a large data center can share resources through Golem and get paid in GNT (Golem Network Tokens) by requestors. Golem utilizes an Ethereum-based transaction system to settle payments between providers, requestors and software developers. All computations take place in sandbox environments and are fully isolated from the host’s system. Software developers are in the center of Golem’s ecosystem: Our Application Registry and Transaction Framework enable anyone to deploy, distribute and monetize applications in the Golem network. WHITE PAPER: golemproject.net
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by ZpaceBuddha