The REAL dealHello traders, Crypto Crusader here with a small cap analysis.
This analysis is on TheRealReal ticker "REAL"
The fairly recent IPO in June of this year received a listing price of around $30, at the time of this writing, we are trading around the $17 mark. Given how small of a company they still are, there is large growth potential moving forward for a tentative medium term hold (1-3 months). There hasn't been enough time to properly print weekly, along with monthly candles, however, it's important to note that on the weekly time-frame RSI levels are oversold and sit around 33 (the magical oversold RSI #). Regarding daily candles for RSI, we are beginning to pick up momentum and are headed in a neutral direction to 50 given this indicator is a derivative of sorts. A 2 month bottom in RSI when "REAL" hit ~$13 is the parallel I'm using for the 2 month RSI bottom we currently are witnessing. To pair with the bottoming of RSI previously, and currently, we have the MACD VSI indicator. You can see the inflection points along with the convergence picking up pace. The MACD VSI is mirroring what the RSI is representing regarding momentum in price action. To add a tertiary layer to this analysis we have decreasing selling volume, while buying volume remains at a stable level. I believe within my above mentioned time-frame a sell target of ~~$22, while subsequently getting a double bottom fake-out that dies off, and or, a fake-out that would play down to ~~$13 levels, making this trade a massive loser opposed to a fairly decent winner at 40% gain +- 5%.
As I mentioned earlier, this company hardly even has a 2 billion dollar market cap and is extremely small in the retail space and in comparison to their competitors alike, however, their disruption in this market could prove favorable given their system to consignment.
Hope everyone is enjoying an early holiday and spending some time away from their charts for; family, good company, food, and personal hobbies/endeavors.
May the trades me with you,
Crypto Crusader
IPO
UBER - Don't buy the dip, yet...Analyst earnings review
UBER had third-quarter earning results above the top- and bottom-line S&P Capital IQ consensus expectations.
However, we still expect losses in Uber Eats, along with more aggressive investments in ATG, to delay Uber’s first full-year adjusted EBITDA until 2022.
Analyst target: $58
Uber's IPO lock-up period over!!
Tomorrow November 6th, 2019 . Investors who got in at the IPO, can now start selling their shares.
We could see a potential drop, as it has happened with other IPO's so far.
BYND bullish cypher and demand zone after the earning CRASH.BYND actually had a nice earning report yesterday while as the locked up period had ended,
it was sold-off fiercely.
Still, alternative-meat industry has lots of rooms to be imagined,
to look for a careful buying opportunity isn't a crazy idea!
Here we got this bullish cypher pattern and little demand zone structure near 68.00 spot,
I would be interested in the long with 2 possible outs:
1. short-term: below 60.00 (a 10%-risk trade)
2. long-term: below 45.00 (a 30%-risk investment)
By now the market still need to digest the selling pressure so I'm in no hurry to get in the trade,
to wait for a clearly reversal sign there as a final confirmation of this idea is necessary!
Let's see how it goes yo!
CloudFlare: IPO DarlingI have a hard time analyzing IPOs because there's very little technical data to analyze, but I do have some personal industry experience with CloudFlare. The sentiment and fundamentals for this firm are strong, and that's all you can analyze with IPOs!
They're a tech company. They're positioned to eat Akamai's dogfood, too. They're not yet profitable, but that's common for a young company in the technology and internet space. They've increase revenue 43% from 2017 to 2018, and their racking up new paid customers like it's going out of style.
Take a look at the data for yourself:
www.forbes.com
medium.com
Pamp it... and cryWay to over valued like all tech ipo’s. Like most tech IPO’s it’ll pump for a little bit, then we’ll expect a drop when the original share holders sell, and buy more at the bottom.
Check, the IPO’s of SNAP, FB, SPOT, LYFT, UBER when they first when public.
I’d wait until more data appears on the charts, give it a couple days to weeks, to put a real buy order.
HCAT - danger aheadThe recent Medical-Tech-SaaS IPO had some problems in their S-1 report. I expect it to sink to "below ipo level" as the problems could show up in 1-2 quaters after IPO.
The problem is called "Medicity buyout" and hiding the price of acquision besides the main datasheet in S-1.
Second problem is that it has very slow growth.
MCOA Long Bullish IndicatorsProceed with caution, this is not financial advice. I merely intend to inform you of my observations and of my personal position. I am of course biased as I have already chosen to invest, but I feel bad not letting others in on this lesser known stock with very bullish outlooks.
I recognize bullish indicators in my Stoch RSI and in candle analysis. Also, the company is coming out with several new products, new partnerships, and spent 38 million in R&D last year, likely for their upcoming "Viva Buds" app wherein users can order cannabis to their door on a subscription basis. They purchased 20% and issued one million in stock of a local cannabis distributor to the CA area. The fact that they issued so much stock to business partners suggests to me that they expect its price to increase. I would assume they also spent money on app development, but far less. This means that this stock is a bunny waiting to hop. In 2000 before the crash with prices of over $600, lots of skips and hops after declining to 30 and below. Now at a price of .0059, where can the price lie in even 6 months from now when the app is at market? Since they invested in an existing distributor, the infrastructure is already there. Now, their software will enable the monetization of all of their R&D from last year. They already have a CBD lotion and other products at market. On top of that, today they filed for a reverse stock split. I am personally accumulating as much of this stock as possible while it is at what is essentially a round of public capital raise; a re-IPO if you will.
Be careful,
Best.
Revolve will establish new channelRevolve has had a rocky time since its IPO, with lots of volatility and several breaks below critical trend lines. However, this company is profitable, undervalued, and highly rated, and in my opinion it's still a great value.
With Revolve having breached the bottom of its parallel channel today, it's likely to establish a new channel. I've drawn a couple possible channels and some trend lines, and I've marked the breakout zones with the play for each zone. I've also marked support and resistance from all-time highs, and you can also see the high-volume support node at 35.27.
Currently I'm playing this long on the basis of that volume support node.
RVLV testing channel bottomToday looks like a good entry on RVLV, with the price testing the bottom of its parallel channel. RVLV also has a volume support node at 35.27 and is close to oversold on the RSI. We just got an upward stochastic cross as well.
RVLV is undervalued and has bullish analyst ratings.
Stitch Fix poised for a turnaroundStitch Fix is at support from a high-volume node on the volume profile and from its 50-day moving average. It also has some RSI support around 38.
The stock just got some big analyst upgrades from Zacks and Goldman, which could serve as upside catalysts. The Internet retail sector is currently outperforming the S&P 500. S&P Capital IQ rates Stitch Fix as undervalued, with stable growth potential. Overall, both fundamentals and market sentiment are looking up for the stock.
However, Stitch Fix has some downward momentum, so it could fall through the 50-day MA before rebounding from 200-day MA support near 26. I don't expect it to fall any further than that, but in the worst-case scenario we could get as low as the high-volume node at 23.
ZOOM - Bullish analyst ratingOne of this year's hottest IPOs is still winning over new fans. Dmitry Netis at Stephens is initiating coverage of Zoom Video (ZM) with a bullish overweight rating .
The analyst's price target of $115 suggests that there's 26% of upside from current levels, an encouraging goal for the provider of video-conferencing solutions for enterprises that has already soared 153% since going public at $36 in April through Thursday's close.
---News reported by Rick Munarriz, The Motley Fool / Yahoo Finance