Internet
Zscaler #ZS#ZSCALER just cleared the resistance and heading up to next one. #RSI broke the trendline. The Volume is above the average
Amazon Com $AMZN#Amazon did perfect rally since March. on weekly it broke out the top. There is a RSI resistance waiting so after it hit there we may see a small pull back to 10 SMA. Worth to watch..
EBAY INC $EBAY#EBAY broke out both 50and 100SMA after long rally. It recovered fast, expect to go on after some pull back
Bitcoin is like the early internet"Bitcoin is like the early internet" we hear that sentence over and over.
The convenient thing is the internet and crypto, as we know them, both appeared the same year, in 1983.
So how about a simple side by side comparison?
* Note I have strongly overstated crypto adoption to make it visible.
As you can see, adoption wise, crypto is indeed like the early internet.
But the fact that is has been like the early internet for now almost 40 years, means crypto investors should not get their hopes up too much about it getting adopted.
Their best bet is that new buyers that think the price will go up show and buy their bags.
Not sure who will do that, now that the whole planet has heard about crypto & Bitcoin in particular.
Aliens maybe? Who knows.
I suggest creating a whole new type of crypto, call it etrash, and leave it there.
Would be the perfect end for this joke of a ride.
C'mon ... 40 years... Claiming claming crypto is as important as the internet or can ever be half as successful... Some people can't stop dreaming...
40 years and only use case has been being untraceable & buying drugs and kiddie porn. Crypto enthusiasts are nuts.
They should wake up from their dream and start doing something useful with their lives.
Cup and Handle with ZFGN, SFUN and CHAP. I'm also a penny fan!ZFGN has been showing the cup and handle pattern on its daily chart. With the shape of a flat "U" and a slight down drifted-handle on the right, ZFGN is considered a sign of bullish continuation. The length of its "U" period indicates the bottom has been consolidated and the risk has been shaken out. Volume remained lower than average in the base of the bowl, selling side liquidity sufficiently dried up. And on the right side of the bowl, we could see a bull volume expanded once again as the interests strengthened which is also an additional confirmation of a bullish sign.
As the handle been forming on the right side, a selling pressure against its prior high is taking place, but the good side is, it still shows a higher low which viewed as an essential sign as the stock got some big players or managers' attention.
So selling pressure is likely to make price consolidate with a tendency toward a downtrend for a period of days to weeks before advancing higher.
A trade set up could made from here with a stop loss at the previous low or even higher to the recent consolidating base as the two lines underneath price shown above. For the target level, I would rather consider the previous base that stock consolidated before the bowl in the past.
Cup and handle usually managed out the volatility risk as the ATR indicator is reaching to its yearly record low in this case, so only time and momentum(DMI, volume) matter to traders.
Besides, I also find some similar candidates such as SFUN, CHAP. All three of them are from a different industry( Biotech, Energy, Internet services), so this is where you should really concerned about. The dissimilarity among them are CHAP has a shorter "U" length and SFUN got lifted a bit already (volatility picked up), so you may take these factors into your trade set up to see if you are gonna play with the pattern or not.
SWKS BUYBuy signal at 123.10 $
Skyworks Solutions Inc . designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company's analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. Its geographical segments include the United States, Other Americas, China, Taiwan, South Korea, Other Asia-Pacific, Europe, Middle East and Africa. This company develops 5G technology.
If you want to see more history of this strategy, I will able to show you if you request me.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
China Internet ETF - Bull flagTechnical analysis
We tested resistance approximately at the $50 limit; and broke it on Thursday, January 2nd.
Now this resistance has become out short-term support.
A bull flag is forming today, as a continuation of the bull pattern.
Top 10 Portfolio holdings
Name - Symbol - % of ETF assets
Meituan Dianping - 03690 - 10.43%
Alibaba - BABA - 10.19%
Tencent Holdings - 00700 - 8.83%
Baidu - BIDU - 7.46%
JD.com - JD - 6.58%
Pinduoduo - PDD - 6.56%
Tal Education Group - TAL - 4.27%
NetEase Inc - NTES - 4.21%
Trip.com - TCOM - 3.45%
58.com - WUBA - 3.36%
Top 10 holdings % total = 65.36%
Market cap weighings = 65% giant cap / 25% large cap / 10% medium cap
DIREXION: New 3x ETF Poised for Gains in 2020This is a brand new (about 2 months old) leveraged ETF that was brought-about recently that looks fairly promising in my opinion for 2020. Many of the stocks in this etf actually have significant promise in 2020 and many of them consolidated in 2020 and actually have the potential to "grow" and "catch-up" to the broader tech sector.
As bullish as I am on precious metals and energy I am not bearish in the equity market for 2020 as I see low double-digit gains, hence there is still solid capital appreciation in certain sectors to be had.
This etf includes: Amazon, Facebook, Cisco, Salesforce, PayPal, Google, Netflix, Twitter and eBay. Most of these companies either consolidated or made some gains but not nearly the extent as the broader market for 2019.
I expect Amazon to gain 20% in 2020 and Facebook could soar 30 or 40% in 2020 as well; Salesforce is nearing break-out and Cisco is due for a rebound; Paypal and eBay are on the upswing; and Twitter and Netflix has mostly bottomed.
I would wait to see how the markets react to, or not to, a potential sell-off in the first 2-2 1/2 weeks of the new year.
- zSplit
High Basing Pattern as Wal-Mart Takes Market ShareIt's hard to say which traditional big-box is doing a better job adapting to the digital age: Wal-Mart Stores or Target . Both have successfully used online strategies to keep shoppers in their brick-and-mortar locations. That's helped avoid the kind of painful downsizing sweeping other retailers.
It's paid off recently for WMT, which beat profit estimates all four quarters in 2019. The shares got a little ahead of themselves the last time it reported on November 14, resulting in five weeks of consolidation.
During that time WMT formed a high basing pattern, or a very tight cup-and-handle. The December low of $117.42 was just slightly higher than the late-October low of $116.83. Plus, it held the 50-day SMA.
Fundamentals in WMT also remain healthy, with observers seeing the potential for its online grocery push to keep driving market share.
In conclusion, few people view WMT as a "growth" stock. But it's starting to act like one. And now it has a cup-and-handle, the classic growth-stock pattern from William O'Neill's classic How to Make Money in Stocks .
NASDAQ:AMZN
BIDU entry $105; hold for return to $200China stock Baidu is way down for the year and dipping this week on trade war news, but the company's earnings outlook has recently improved, with strong positive surprises on the last two quarterly reports. Based on analysts' revisions of the forecasts, I think this stock could see $200 per share again within the next two years. I should note, however, that December tends to be a bad month for Baidu, so rather than buy at the current price of $113, I suggest waiting to buy at the volume node at $105. (The average analyst price target is about $143.)
Nasdaq Internet Industry BreakdownThe Nasdaq Internet (QNET) chart has broken out of a descending triangle pattern back in mid-November. It may be pulling back slightly off the 100% Fibonacci Extension level but still worth checking this industry out for potential trade ideas. The following stocks are within this industry & seem like interesting trade candidates. I would have included links to the charts but the site seems to be having difficulty with allowing me to do that at the moment.
Facebook (FB) has broken out of a descending channel at the end of October. It successfully retested the previous resistance level & has hit the 100% Fibonacci Extension price target. We need to see the price continue going higher to activate that next price target. Otherwise, may need to wait for a pullback & catch the next bull wave.
Spotify (SPOT) gapped up after an earnings announcement on October 28th. It has since held this level, even bouncing off the 50 day EMA line & creating a symmetrical triangle. We have to wait and see which way this stock breaks but keep this one on the watchlist.
Take-Two Interactive (TTWO) seems to have a bull flag pattern & the price may be getting ready to breakout. Current stock price is above the majority of the VPVR volume as well so if it does break out it can get ready to run.
In connection to TTWO, Electronic Arts (EA) seems poised to break out of an ascending triangle pattern. This would take the price above the majority of the VPVR volume. Perhaps the video game companies are getting ready to send a signal as we all get ready for Christmas.
Cogent Communications Holdings (CCOI) bounced off a major support line in early October. Since then it is creating a bit of a bull flag pattern. Just keeping it on a watchlist for a potential breakout.
Tucows Inc. (TCX) creating a cup pattern as it tries to bottom off its most recent highs. Just waiting for breakout confirmation.
Cardlytics Inc. (CDLX) gapped up on November 11th after an earnings announcement. The price action has created a bull flag pattern. Just waiting for breakout confirmation.
Activision (ATVI) just like Take-Two & Electronic Arts has been in a bullish wave following a long consolidation phase. Since breaking out of an ascending triangle pattern the stock has consolidated. The first two price targets have hit. I am waiting to see if another bullish move can reach that third price target.
Yandex (YNDX) produced an island reversal pattern around October 21st. Since then, the price has continued to rise with a gap up on November 18th. Following the island reversal, there were three price targets based on the Fibonacci Extension tool. The gap up took us passed the first target, & the price is currently dancing with our second target. The stock may see consolidation or a pullback before further advancement but a stock worth keeping on a watchlist.
Everquote Inc. (EVER) developed a bullish wedge pattern & broke out from that pattern around October 28th. A positive earnings announcement shortly after caused a gap up in price. A strong re-test of this gap level has allowed continued bullish momentum. We have cleared the first price target & the stock maybe finding some resistance around the second price target. The stock may need a pullback or some consolidation before a continued bullish move.
Blucora Inc. (BCOR) has recently broken out of a bullish wedge pattern. It may still need to perform a re-test of this breakout but definitely worth keeping an eye on. Our initial price target is based on Fibonacci Extension but the second is from the VPVR data at a level that may provide resistance.
The Meet Group (MEET) saw a period of accumulation which preceded the breakout on October 3rd. The chart then showed a bullish wedge that broke out & re-tested. This has led to the current pattern which seems to be a symmetrical triangle. Just waiting to see which was this pattern breaks.
SFIX buy the dip and hold for a couple quartersStitch Fix is down over 8% after hours. It beat analyst earnings estimates by 75%, although it slightly missed analyst estimates of revenue and customer growth (an almost negligible difference). The midpoint of its earnings guidance for 2020 was slightly above analyst estimates (again, an almost negligible difference).
The reason Stitch Fix is down is that on the conference call, the company CEO predicted a "soft" start in Q1 2020. Stitch Fix's marketing team noticed that summer is their strongest season, so they spent less capital marketing for the winter. To me this sounds like smart and efficient capital allocation, especially given Stitch Fix's steep marketing costs. In the short term, however, it means that Stitch Fix's stock price could languish this winter, and then recover in the spring and summer.
A couple thoughts. First, Stitch Fix has short-term support around 18.24, and I think tomorrow it will rally on the strength of its earnings beat. So this could be a great one-day swing trade if you can get an entry near the support level. Mid-term the price could fall as low as $15 per share during the slow winter season, which would be a great price to buy and hold for a couple quarters to benefit from the seasonal upswing in summer.
For free news analysis and educational videos, check out my new beginner investing channel on YouTube, "Wall Street Petting Zoo!"
Alibaba testing heavy resistanceAs shown in the chart, we are testing a heavy resistance tested multiple times.
Technical indicators are showing mostly consolidation.
If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +)
Obviously breaking this resistance would be an important step towards a strong uptrend.
Stitch Fix's down trend broke todayAhead of earnings, SFIX got an upgrade from the analytics firm Stifel, which cited SFIX's history of strong earnings and its attractive valuation. That appears to have driven a breakout above the stock's downward trend line today. Trend line breaks are usually bullish, and can lead to big gains like the PG&E trend line break I identified the other day. Others are slower gainers, like my LFVN trend line play.
SFIX has recently made an inverted cup, and could now make a handle. Sell any breach of SFIX's new upward trendline.
SFIX may rebound from this levelStitch Fix plummeted today, but it's getting some late-day buying volume at this support node near 27.
We could see a rebound tomorrow, forming something of a bullish bat pattern.
