Informationtechnology
Tencent Music Ent. $TME "Brekout"$TME just broke $13.37 out with high volume. RSI is still below the trendline though. There might be a pull back but it is very strong for an upside rally.
12 months Consensus Price Target: $16.11
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Thx
Spotify Technology $SPOT "Breakout"$SPOT broke $198.99 out last week with huge volume. It may do some pull backs test before it goes up
12 months Consensus Price Target: $171.50
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FSLY was a top quarterly gainer. Expect an Uptrend reversalFastly Inc - Ordinary Shares - (FSLY, $62.11) was one of the top quarterly gainers, jumping +250.71% to $62.11 per share. My A.I.dvisor analyzed 117 stocks in the Information Technology Services Industry over the last three months and discovered that 114 of them (97.65%) charted an Uptrend while 3 of them (2.35%) trended down. My A.I.dvisor found 41 similar cases when FSLY's price went up 15% within three months. In 34 out of those 41 cases, FSLY's price went down during the following month. Based on these historical data, my A.I. thinks the odds of an Uptrend reversal for FSLY are 83%.
ALTERYX $AYX "cup w handle"$AYX has cleared $151.50 handle buy point yesterday and broke the pivot resistance, RSI broke the trendline too and the volume has passed the average.
12 months Consensus Price Target: $136.10
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Paylocity Holding $PCTY "cup w handle"$PCTY has just cleared $140.71 handle buy point yesterday. the volume is just above the average.
12 months Consensus Price Target: $133.21
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FSLY reaches a 3-month high. Expect an Uptrend reversalA buy signal is generated. I analyzed 117 stocks in the Information Technology Services Industry over the same period of time and found that 113 of them (96.43%) were in an Uptrend while 4 of them (3.57%) showed a Downtrend. I found 41 similar cases when FSLY's price went up 15% within three months. In 34 out of those 41 cases, FSLY's price went down during the next month. Based on these historical data, I think the odds of an Uptrend reversal for FSLY are 83%.
Unisys: Long-term Sell opportunity.UIS made a massive +60% weekly rise after it agreed to sell its federal government contracting division to SAIC for $1.2 billion. The result technically, was an extremely overbought 1D chart (RSI = 80.509, MACD = 0.480, ADX = 39.766) with the price approaching the 21.00 Resistance (Since September 2018).
There is an interesting technical pattern when the RSI hits its 81.500 - 83.000 Resistance Zone after the formation of a Golden Cross. The price of the stock makes a top, a few days after the RSI hits that Resistance level. What follows after is a strong and lengthy decline (around 1 year) towards the 6.45 - 6.70 Support Zone.
This pattern appears to be cyclical and has been in effect since 2016. Since Unisys' earnings are end of February (2020) we may be seeing that top then near the 21.00 Resistance. Our advice to sell then and take profit on any level you feel comfortable towards the 6.70 Support.
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