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Coronavirus (COVID-19)

PayPal Attempts a Bull Flag BreakoutPayPal has been a major beneficiary of coronavirus and the boom in e-commerce. It’s moved sideways since the end of July but now the chart may be attempting a breakout. PYPL formed a bullish flag since the start of September, with the trendline running down through the early October levels. Yesterday it closed above that trendline. Prices also consolidated at the 50-say simple moving average (SMA) and 21-day exponential moving average (EMA) for more than two weeks before getting decisively above both. The weekly chart has some interesting patterns: A bullish inside candle the week ended September 25 followed by a rip higher. Then another bullish inside candle last week, which it’s now escaping. PYPL’s last earnings report beat estimates. Its next report is scheduled for November 2. Now that the stock has moved above its falling trendline, it may have the potential for a meltup into the quarterly numbers. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:PYPLLong
by TradeStation
2
Is Dell Inching Toward a Breakout?Dell Technologies is a blast from the past. At one point it was one of the top technology stocks, but now it seems to get very little interest. Still some interesting things are happening on the chart. First is the pair of bullish gaps after strong earnings reports in May and August. Next is the ascending triangle that formed since the last gap higher. DELL has made steadily higher lows while holding below $68.50. However prices closed above that line in the last few sessions. Is a breakout coming? Looking to the left we can see resistance is close to DELL’s previous all-time high of $70.55 from May 2019. The fundamental story is also interesting as coronavirus and remote work fuel demand for PCs and laptops. Just yesterday, for instance, tech researcher Gartner said third-quarter PC shipments rose to their highest levels in years. DELL is also spinning off VMware , another potential positive that could result in higher valuations for each standalone company. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:DELLLong
by TradeStation
19
IPO hunting Part 1"Any company that deals with functional foods and plant-based alternatives is a blessing to the planet and your portfolio" This is a good investment opportunity for those who missed the Beyond Meats train to also reap the benefits of the future of human consumption. However in terms of its valuation and market cap, it's too early to say whether this has the potential of BYND. In terms of time, the price has recently closed on a resistance=support, confirming the ascending support trend line. This indicates that the time is NOW. Good luck and follow me for more.
AMEX:LSFLong
by UnknownUnicorn4565572
Covid pushes downAll Euro area is being swept by the second wave of coronavirus. Czech republic is no different. Cases topped 114,005 and the daily new infections are going parabolic. That would mean they will need to enforce some sort of lockdown strategy that will, in turn, affect their economy. Technically speaking I see a bearish channel in which the pair is currently trading. Unless the pair breaks the channel headed for higher highs, I keep having a negative view on this one. ***As usual, not a trading advice, merely my view for informational and educational purposes only***
Short
by SteveEnnom
LOOKING FOR THAT $Looking for that $1.5 range then $1.9 range possible. IF MARK breaks through both should be an easy gap up to $2 range. Overall looking good here with MARK. Any thoughts comment below. Thanks ----------------------------------------------------------- Sector: Communications Industry: Specialty Telecommunications Remark Holdings, Inc., is a technology-focused company that develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries. It operates through its Technology and Data Intelligence segment, which provides products and services based on collected and processed data by using KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries. It also operates various digital media properties that deliver content in various verticals, including travel and entertainment, such as lodging, air travel, show tickets, and tour through its websites. In addition, the company sells financial-technology products and services, as well as advertising services through its websites. The company was founded on March 14, 2006 and is headquartered in Las Vegas, NV.
MLong
by BeardedSince
VIX Decrease Today? (Oct 9th 2020)VIX - S&P 500 Volatility Index - (October 9th-14th 2020) Just an idea about our beloved VIX going down over the next week or so. Big moves in S&P to be made this week? Bloodbath could still be around the corner... It is the month of Halloween after all... ;) Low: ~23.64-24% High: 27.05% Could get crazy with the election inbound... Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
CBOE:VIX
by Hambooger
SPHealth 2 Week Comparisons (Oct 7-20 2020)SPHealth - Growth Analysis & Comparison - Cindicator Poll Submission (October 7th - 20th 2020) I've been looking through my Cindicator questions, making forecasts and watching markets as new polls pop up. Here's a comparison chart for 5 major S&P health companies and my rankings forecast. (Descending order from most growth to least) United Health Group Inc (UNH) Abbott Labs (ABT) Johnson & Johnson (JNJ) Pfizer Inc. (PFE) Merck & Co. (MRK) This forecast will be explicitly graded by total growth % comparisons of opening prices on October 7th to closing prices on October 20th across the 5 aforementioned companies. As of right now before 10-9-20 daily market open, the percentage growth is as follows: UNH +1.9% PFE +1.87% JNJ +1.56% ABT +1.1% MRK +0.54% When looking at a specific metric within the already completed duration since I submitted my forecast, overall recent growth is: UNH +2.82% PFE +2.66% JNJ +2.24% MRK +2.22% ABT +1.62% 10-9-20 Forecast Adjustments: Now that I have seen the last 2 days play out, I'm starting to notice a couple things about my forecast and actual live value. I'm confident that United Health will still outperform, but this outlook could change if any major market sell off occurs before the 20th. Pfizer looks like it could be a strong runner up, and I may have flubbed my original forecast by ranking it 4th in growth. Johnson & Johnson is performing approximately as expected. Merck and Abbott Labs could be tricky to pinpoint exactly without some further research and analysis but, I'm guessing that Abbott may come in 4th place if everything settles after any quick rallies that should happen. If a light pump in Merck occurs over the 19th-20th, then there could be a small chance it outperforms Abbott for 4th but it feels like an unlikely scenario. After these deliberations, I've decided my forecast doesn't need much adjusting other than to swap the placement of Pfizer and Abbott. My updated forecast is as follows: United Health Group Inc (UNH) Pfizer Inc. (PFE) Johnson & Johnson (JNJ) Abbott Labs (ABT) Merck & Co. (MRK) One thing to note is that I believe TradingView is not calculating its percentage scale correctly, its placing the 0% Y axis at the close value of the first candle used to calculate growth. So this graph is really just more for me to check my own work by hand, as the percentages on the left will not accurately portray what is actually being graded by Cindicator. I'll check back in after the 20th to see how this turned out! Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
NYSE:UNH
by Hambooger
Sterling could dive down again on Brexit, new lockdown measuresBank of England policy maker Jonathan Haskel said he’s prepared to back more monetary support for the U.K. if necessary as he warned that the near-term risks to the economy lie to the downside. He also signaled he’s supportive of negative interest rates as a policy tool, noting research that suggests it may have had a positive effect elsewhere. Prime Minister Boris Johnson is reportedly considering new restrictions to cope with rising COVID-19 infections. More and more cities in England and Scotland are slapping new measures on their residents. Technically GBPUSD correlating positively to dollar, as dollar sideways to strong so far this pair facing resistance at every high. For now , 1hr chart suggesting a pair will test the fib 61.8% level at 1.2950-55 which is the day resistance 1 too. Earlier it was faced resistance many times at same zone which could resist today also. One can wait for that level and initiate the sells from there to the downside 1.2895 or 50ma followed be 1.2845 oct 7th low. Overall sell on rise is advised.
Short
by OfficialYaMarkets
COVID19 AND THE VIX -- daily Ichimoku cloud breaksin the recent past, when we see a Ichimoku Cloud break in the VIX ( Volatility S&P 500 Index ) we see a strong acceleration upwards. The most recent example of this was on 13 Feb 2020 Inversely proportional to the VIX , the S&P 500 Index had a significant breakdown, represented on 21 Feb 2020 Since COVID19 outbreak, governments around the world have been scrambling to control their domestic economies by stimulus and monetisation of debt stoking Global Hyperinflation, and now real people are starting to feel the economic effects of Lockdowns and COVID19 travel and border restrictions. Currently TVC:SPX is entering the cloud, and the VIX is coiling to break through the cloud. This is true for other Major Indices around the world. Northern Hemisphere is entering their "winter flu season" and USA has their contentious Presidential Election looming in NOV. This could be shaping up for a BIG BOUT of VOLATILITY....
TVC:VIXLong
by Outside_The_Box_NZ
Is Zoom Losing its Zip?If any company represents the unprecedented social, economic and technological disruptions of the coronavirus pandemic, it would have to be Zoom Video Communications. The teleconferencing stock not only joined the Nasdaq-100 in April. It’s also the index’s top gainer in 2020, up about 600 percent. Its market cap of $138 billion ranks it ahead of venerable names like Qualcomm , Union Pacific and Chevron . But that’s also resulted in valuations that dwarf most other companies. ZM’s triple-digit price-to-sales and price-to-earnings ratios exceed most other widely traded stocks. (Aside from a few biotechs.) This may create the risk of profit taking or rotation into other corners of the market. ZM’s price action could already be showing signs of fatigue. First, the weekly chart. Last week was both an inside week and a spinning-top candle stick. Both are potential reversal patterns. Next, the daily chart shows a descending trendline since September 23. While patterns like this can be bullish (like Nvidia ), it’s a little concerning with a stock so far above any clear support lines. Third, ZM has been losing relative strength as the market’s bounced. It’s mostly flat since the September 24 low, while the S&P 500 and Nasdaq-100 have advanced more than 5 percent. Finally, MACD has crossed lower and is now falling. In conclusion, ZM might not fall right away. But it could be losing its shine. Tech investors may see it as a source of funds and shift toward chips and Chinese tech stocks , which continue to gain relative strength. 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
4
S&P Analysis Week of 10/04/2020: Will Market's Tank or go HigherAs usual, I like to keep my charts as simple as possible. My last two weeks have been spot on and I was able to make some nice profits. This week I'm keeping it even simpler. I do NOT try to predict the markets. I take the high probability trade setups the market gives me. I'm waiting for either a breakout above the diagonal trend line (with a retest) and then resumption off, OR a breakdown below the critical support line (with a retest). I'm not really sure how Trump's COVID hospitalization will affect the markets so I'm no even going to try to predict. However, I know a lot of people went short on Friday and kept their positions open over the weekend. The market loves to do the opposite of the masses. "When it feels really wrong, it's probably right. And when it feels really right, it's probably wrong." Good luck.
OANDA:SPX500USD
by XYZ-Trader-
14
$PFE Expect A Move Towards $41.94Technical Analysis Currently, $PFE is respecting an Ascending Triangle chart pattern, where buyers are unable to break the resistance level of $39.00, but has been making a slope of higher lows. As of 1/10/2020 close, the price is resting at $36.37, near the slope of higher lows. Coincidentally, we are also near the end of Wave 4, as the price is currently around 38.2% of the Wave 3 mark. As such, these support a very strong bullish Wave 5 Ascending Triangle continuation theory. Entries, Price Targets, Stop Losses Based on the 1/10/2020 closing price of $36.37, regardless of whether you are averaging your positions or taking a new position, it is currently at a sweet spot for a new entry. Personally, I have also taken a new position at $36.36. I believe that the optimal time for entry is when prices are below $36.46 and at the same time, stays above the slope of higher lows. As for my price target, it is at $41.94, where it lies in a zone of resistance, right between the 5.62 markers and 7.90 markers. Do note that during Wave 3, a price increase of $7.99 was seen, while during Wave 1, a price increase of $11.33 was seen. Since Wave 3 cannot be the shortest of the 3 Impulse Wave, Wave 5 will likely be less than a $7.99 price increase. As long as the price breaks the $39.00 to $39.47 resistance zone towards the upside, I'm positive that the momentum from the breakout will bring the price towards $41.94, minimally reaching the 5.62 markers as established in the chart. I place my initial stop-loss at $33.73, but as the price rise and respect the Ascending Triangle, you should adjust your stop-loss upwards by the same amount as the rise using a trailing stop-loss. This is because while as Ascending Triangle chart pattern usually indicates a bullish breakout, this is not always the case. Sometimes, the resistance zone may be too strong, causing a bearish breakout. As such, a stop-loss below the slope of higher lows should be in place as a precaution. Disclaimer I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. If this post has helped you out in making your investment/trading decision, give it a huge thumbs up, and follow for more updates regarding this ticker symbol!
NYSE:PFELong
by UnknownUnicorn6361804
1
$C6L Time To Load Up Shares On This National CarrierTechnical Analysis Currently, $C6L is trading within a Descending Channel chart pattern, where it has been making a series of Lower Highs and Lower Lows since 23/3/2020. As of 6/10/2020, the price closed at $3.500, at an area within the Descending Channel. We notice that recently, on 23/9/2020, $C6L has made a Higher Low, with reference from the Low preceding it on 4/8/2020. If we take a look at historical Higher Low formations within the current Descending Channel - where I have marked these points in dotted lines , we notice that every single time a Higher Low is formed, they will only form after touching the slope of Lower Highs, but never before . Not until 23/9/2020. You may be thinking now that this could be a sign that $C6L is about to make a new Lower Low again. However, I highly doubt that is the case. From a technical perspective, based on case precedents, whenever $C6L touches the slope of Lower Lows as seen on 23/3/2020 and 20/5/2020, without fail, $C6L will revisit the slope of Lower Highs. As such, the Lower Low of 4/8/2020 will likely be no exception. If we look at the Elliot Wave Principle, we are currently in a period of Corrective Trends A, B, and C. Dominant Trends 1 to 5 have already been formed during the period between 23/3/2020 and 4/8/2020; while Corrective Trends A and B have been formed on 25/8/2020 and 23/9/2020 respectively. As such, we are now likely in the midst of forming Corrective Wave C, which will bring $C6L up to a minimum of $3.990. In this sense, the premature Higher High would make sense and we are now just waiting for Corrective Wave C to be formed. If we look at the situation of Singapore Airlines (SIA) and the general gravity of COVID-19 in Singapore, it is looking fairly optimistic. On 5/10/2020, SIA announced that by end-December, it will reach about 15% of its pre-COVID-19 passenger capacity. Compared to the announcement preceding it on 2/9/2020, where SIA announced that they are looking at around 11% by end-November, this is an increase of 4% in projected passenger capacity within a month. On the COVID-19 aspect, the number of new cases daily has been fairly stable, where there has been an average of less than one to one new daily community cases and unlinked cases in the past 2 weeks. The Government is also looking to implement Phase 3, with details of Phase 3 to be released in the coming weeks. This signifies that overall, Singapore has been coping well with the COVID-19 situation. As such, based on all the factors mentioned, I have the conviction that Singapore Airlines will pull through this crisis and come out stronger. Entries, Price Targets, Stop Losses The best price for entries would be within the Loading Zone I have indicated in the graph between $3.310 and $3.510, which is near the converging point of the Symmetrical Triangle. The price target would be $3.990, the minimum price which Wave C will bring $C6L to. I expect this to take at least 1 to 2 months to reach. As such, this is a very long game that we are playing, but with a very good risk to reward ratio. If you don't have other stocks you are eyeing on as an investment and you have some excess cash in the bank, this is a decent company to invest into and check back once a month. Of course, I also have positions in this company from a few months back, at an average cost price of $3.652. I have held the stock to the lows of $3.200 and I have also held it to prices where I was seeing profits. I plan to continue holding it at least until $3.990 because my conviction that SIA will pull through this crisis is strong. My stop-loss for this particular analysis is $3.250, but personally, I am ready to hold it to $3.000. However, based on the current COVID-19 situation and SIA sentiment, it is rather unlikely that it will visit $3.000 without any serious COVID-19 situation deterioration. Disclaimer I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. If this post has helped you out in making your investment/trading decision, give it a huge thumbs up, and follow for more updates regarding this ticker symbol!
SGX:C6LLong
by UnknownUnicorn6361804