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SHOP TSX : Technical Analysis - 21 Oct 2020Based on daily time frame : Shop is currently in its down trend seeking its support levels S1 : 1270 and S2 : 1200. RSI is also depicting a downtrend. Anticipated buying range could be in the range of 1270 - 1290. If it breaks S1 at 1270 next buying area will be around 1180 -1200. Since earning date is near on 29 Oct, it is likely that the share price may go up after touching S1 level. Based on the historical trends shop's share price tend to go up a day before its earning date and is very short lived. Take your decisions accordingly for a short term gain.
TSX:SHOPShort
by TahirIjaz
APPL Due for A Correction Before Earnings?My Fellow Traders, Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share. Cheers & Happy Trading! --------------------------------------------------------------------------------------------------------------------- ANALYSIS: APPL seems to be falling back to support around the $117.00 region, which could fail to hold due to the circus act that is going on in Congress regarding stimulus. Therefore, I am predicting APPL to have a slight correction before earnings as it has in the past, and then gear up for a strong move to the upside once the announcement of earnings. *Note: Any stimulus news would be a huge catalyst to the upside. So, keep your ears to the street regarding stimulus news.
NASDAQ:AAPL
by AB_Trading-Intelligence
Multiple bullish signs despite sell offA lot of others have pointed out the cup and handle formation that slack has made where the handle formed after the last earnings. But also that test of $40 prior to earnings is forming an ABCD pattern that puts the D greater than $50 by end of October. Slack's last earnings report was almost profitable, and their expectations is actually less than their last quarter's performance by 0.01. If slack can pull off a positive earnings, or even 4-5 cents positive they'll prove that they can take on MSFT and potentially emerge a winner in the work productivity space. Since Slack news is few and far between, I find that the recent bearish end of the week trend we had was only due to the way the rest of the market was reacting, since a lot of other big names have been dropping fast. At $29 slack is very near the $27.61 C point which proved to be a point of support. Additionally, $28.77 is a prior point of support from before the point C, which we bounced off of at the end of the day on the 4th (low was $28.00) showing a good sign that it doesn't intend to go lower.
WLong
by uranazo
5
Bullish on Walmart, short term long tradeI have been inactive here for past 2 years since I last post about FX picks and market analysis. Due to nature of job and industry I try to avoid conflict of interest, anyway below are my analysis of Walmart. Background about Walmart: *Brick & Mortar Shopping Mall with about 4,700 stores (Supercenter) *>50% revenue comes from groceries, follow by breakdowns to General Merchant, Health & Wellness and Other category. *2013-2015, Walmart allocated 50% capital to new stores but in 2020 it has reduced to <20% in new stores *They have business exposure in US, China (Sam's Club) and India (Flipkart) *Target customer in US (low-middle income), China (middle to high income) *Competitor = Amazon, Reliance, Costco, Target *Defensive stock Through the *ugly help* of Covid19, Walmart is able to accelerate their e-commerce investment and adoption rate, specially on their Walmart+ subscription plan which started 7th July (share price shot up 7%-8% intraday). Walmart Plus membership will reportedly include same-day delivery of groceries and other merchandise sold by Walmart. Think of Walmart Plus as the retailer's answer to Amazon Prime. It is a new membership program designed to compete with Amazon Prime. For a traditional brick & mortar business to transit and evolve alongside with technology adoption, I am pretty positive of Walmart's Omnichannel solution strategy (is a multichannel approach to sales that seeks to provide customers with a seamless shopping experience, whether they're shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store.) In July 29 they release a new online services "Ask Sam"; accommodating to customer's specify request such as price checking and locating fine products. While not forgetting about covid19's preventive measures they also added Curb side pick up for customers. (Lets just view it as their social corporate governance responsibility) Moving forward, Walmart is putting greater focus on E-commerce, growing their online platform awareness and increase market dominance over the time via acquisition/partnership with Flipkart (81% stake), JD.com (10%) and Shopify (10% stake). The deal will open Walmart's Marketplace to Shopify's small business sellers, with the goal of bringing 1,200 Shopify sellers to the marketplace this year. Back in Q1 earning report, management has highlighted U.S. ecommerce sales shot up by 74% as the coronavirus outbreak drove more shoppers to buy online and pick up outside Walmart stores, as there are currently no clear vaccine for now, I believe that online grocery shopping data will remain sticky till Q4. Catalyst - These are some events that are in favour of Walmart's share price 1. "Amazon says it is out of stock of household items and deliveries are delayed due to coronavirus demand", although this news happened back in mid-May, however this could also translate to lost of dissatisfied customer. 2. Walmart+ vs Amazon prime. Price and services competition. (competition of market share, shift in price sensitive customer) 3. Expended operating hours from usual 8pm to 10pm 4. More calls vs put for 21 August expiry options I see this as a strong defensive stock similarly to how other retail supermarket stocks in other countries had rallied and remain bullish on their upcoming earning report on 18th. I am expecting better than expected earnings on their core business grocery and modest decline in their other segment of the business. This should also fit a nice breakout play to $145+/- If you are bullish on this sector but cant decide which stocks to hold why not go for both Walmart and Target with decent portion of weighted portfolio. I am vested and above are just my small sharing. Good luck stay safe.
NYSE:WMTLong
by ChuaChangYi
ROKU EarningsROKU has formed an amazing setup ahead of its ER this week. After a higher run up at the beginning of July, it has consolidated into a great bull flag that looks ready to take off again before and after earnings. Using the length of the flagpole ROKU has a good long term bullish case to reach a new ATH and potential push further towards $195 or even $200. Note that the RSI is slowly reaching that overbought region so it may be due for some further consolidation before hitting those levels. In the meantime, ROKU's ER run up provides a good opportunity to ride the wave up. We know that ROKU can be a fast mover, and I think there is potential for a big single-day gain as it nears earnings, and maybe even after. Remember, however, that playing earnings is even riskier than normal options trading, so be aware of the IV heading into this week.
NASDAQ:ROKULong
by nmatto
1