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GAME weekly chart: Blockchaining the gaming industry [BTFD]GameCredits VERY good potential for a x5/6 Hodl here we all know the gaming industry will undergo big changes and like most other industries blockchains will vital to future growth in this sector filling bags as near to the red basline as poss more info: gamecredits.com coinsutra.com What are GameCredits? GameCredits (GAME) is a digital currency based on blockchain. Its purpose is to become the universal currency for 2.6 billion gamers worldwide, to empower game developers both big and small in order to further grow the 100 billion dollar gaming industry, and to accelerate the wide adoption of decentralized cryptocurrencies as a better alternative to government-issued fiats. – GameCredits
GLong
by majorlee
7
Breakout re-test Long idea for DSGXThis is my first stock trade idea. I will try to post at least one stock idea per week and at least one FX idea per week. I will briefly share my philosophy on stocks. We want to follow the what the general market is doing. I look to the S&P 500 as my general guide. Right now are in an uptrend, so we want all our stock trades to the long side. Next, we want to focus on the strongest sectors. Technology has been recently out-performing the index, so we want to look for a stock in that sector. Next, we want to narrow our search down to the industry. The software industry has been outperforming the Tech sector. Finally, this particular stock has been out-performing it's own industry, which makes it a candidate for trading. Now we need our charts to give us a valid entry signal. This one will go on our watch list as the price is still moving up. We want to try and get in if it retraces back to test support, so we will set an alert on our platform to let us know if price comes back. For stock trades, I recommend limiting the allocation of each position to about 6-8% conservatively, and no more than 10% if you are aggressive. Since we will hold through earnings and news, etc., we want to limit the chances of one position having a huge impact on our portfolio if we get a bad price gap. As far as the risk per trade, I recommend no more than 1 or 2%. Note that if industry strength tapers off by the time we get a signal, we should cancel this idea, so watch for both price and industry performance as industry has a huge impact on stock moves. It's up to you on whether you want to use a hard stop loss or mental one, but there are obviously pros and cons to each method.
NASDAQ:DSGXLong
by BluePipSquad
BBY BlockBuster Bust?HVF pattern developing. A macro perspective: short BBY long-term simply because of online retail dominance for tech products. I'm skeptical that brick and mortar retail will survive. BBY prior CEO placed a cost focus strategy that the new CEO has agreed and does not plan on changing. Cost focus strategies does not help with growth unless the company was operating inefficiently in the first place. Otherwise a cost cutting play is basically a survival strategy for concerns of a bad financial outlook/guidance. Cost focus helps companies to report better quarterly Income Statement. BBY still faces the same fundamental challenges as ODP, M, WMT, TGT, HGG, SHLD, and other retailers. Drop in BBY competition will not save them from enduring the same fate. Thus lower competition will not drive earnings or market shares of BBY up, or any other retailers for that matter - as some analyst have claimed. New products on the floor will not help either when information regarding the products can be found online, eliminating the need for a salesforce or marketing. However disadvantaged consumers might find BBY brick and mortar stores useful temporary. Also form a fundamentally aspect, although BBY is not showing Negative Income (not yet), Annual Cash Flow statements are already showing declines in operation. If this trend continues I expect more smart money exiting. The 10 yr weekly chart already indicates a declining trend from BBY all time high, and as the company scrambles to lean itself to changes in market landscape, remedies like capital injections and liquidity will not save BBY. Until I hear a dramatic change in competitive pricing or some kind of operational advantage similar to AMZN, I don't see BBY outlook getting better. BBY might be a BlockBuster Bust.
NYSE:BBYShort
by TraderMD
3
Pennies to Thousands End of Day CandidWe like it because the 5 and 20 crossed, i, the William´s % R is above, it is above the CCI, the daily candle is positive, it has an increasing volume,, above the 50 and 20 EMA goal line, the PVT is positive, the MACD crossed, the PVT is positive, the RSI is above 80 and the CMF is above the signal line and it is a growth industry ( computer services ).bolinger bands are beginning to widen Why we don't like is because it is in the daily cloud but almost out of it. watch out for fed talk and 200 is above on daily Personally, I live offshore and I use MagicJack to make all my US phone calls. Also, buy our book because it will help you understand our use of the indicators. This is the link, just click on it; www.amazon.com and please check out our Youtube channel: Pennies to Thousands were we mix ideas from the right and left part of the brain for trading.
CLong
by penniestothousands