Oversold, potential to bounceSellers may have finally capitulated as this is oversold and turning up. Earnings could act as a catalyst for a run up.
Earningsplay
Tightening price action, pre-earnings run up This looks like a great setup. One thesis is that spending on consumer durables has increased during stay-at-home orders making TPX a solid COVID stock. This pattern has lead to reliable upside moves, combined with earnings two weeks away and a PSAR flip makes me lean bullish.
Pinterest idea was SPOT ON! A bit late but worth to note that Pinterest did EXACTLY what i had predicted ahead of earnings!
Huge gap up to an ATH following right behind SNAP huge Q3 earnings beat.
Its worth noting that ad revenue was on record level with Pinterest and that's why the stock headed up almost 35%!
Its cool to see plays working out!
Short term though, i believe we are headed for a super ugly November mainly on election volatility, lack of stimulus and covid cases rising.
$AAPL - Earnings Play - 121c @ 0.93Calls are cheap and in a short-range. Good risk/reward ratio.
*Not investment advise, only entertainment *
#swing #tradeidea Long over 250 Tight stopsPossible bounce area
Spotify misses by $0.03, misses on revs; guides Q4 revs in-line
Reports Q3 (Sep) loss of €0.58 per share, excluding non-recurring items, €0.03 worse than the S&P Capital IQ Consensus of (€0.55); revenues rose 14.1% year/year to €1.98 bln vs the €2 bln S&P Capital IQ Consensus.
"Total MAUs grew 29% Y/Y to 320 million in the quarter and above the top end of our guidance range. From a regional perspective, Y/Y growth in North America and Europe accelerated more than 400 bps and 100 bps, respectively, while Latin America and Rest of World continued to see the fastest growth, growing 30% and 51%, respectively."
Co issues in-line guidance for Q4, sees Q4 revs of EUR 2.00-2.20 bln vs. €2.19 bln S&P Capital IQ Consensus. Total MAUs: 340-345 million.
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.
10/18 SEDG Earnings RunI usually don't like to post the ideas of others. You can't learn if you don't make your own mistakes and there is no satisfaction of accuracy if it isn't your idea.
I did like this forming a bullish triangle with earnings on 11/1.
As always I look forward to your comments for or against the idea.
10/19 PINS PinterestWith earning on 10/28 I believe we will blow through the $45.85-$46 Resistance.
I suggest waiting for closing candle(s) above those resistance levels is key to great entry.
As always I enjoy seeing your comments for and against the idea.
NFLX to 600 Wave 3 by end of day?Lets see if NFLX can rise like the phoenix and hit new high of 600.
APPL Due for A Correction Before Earnings?My Fellow Traders,
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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.
Flag break, breakout to comeLVGO has been consolidating for a few weeks now showing a break of the flag after two weekly candles without a major breakout upwards. On the weekly you can see the PSAR flip to bullish which is a strong and reliable indicator. Short-term resistance is at 145.12 with a clear path above an ATH breakout of 150. Upcoming catalysts may include an update provided on the TDOC merger scheduled for Mon Oct. 9th or earnings in early November.
Buy Zone and Target for Advanced Micro Devices $AMDMy buy zone and target for $AMD
(Not financial advice)
Buy Zone and Target for Snapchat $SNAPMy buy zone and target for Snapchat. I think Snapchat is in sometype of bull flag or wedge. I believe it'll have another run up soon.
(Not financial advice)
NKE Swing Idea
NKE showing strength on a relative basis compared to the S&P 500 index ( SPCFD:SPX )
Strong recent earnings reaction (+8% on earnings day) with new all-time high
Consumer Discretionary ( SPCFD:S5COND ) has been outperforming the SPX on a relative basis while trading above the 200-day moving average (indication of an up-trend)
Solid dip buy opportunity with limited downside risk using 122.50 as a stop.
