NOW
NOW failed to break neckline on head & shoulders= DEATH CROSS!!!Death cross officially printed last week, along with the Nasdaq. This is a SELL signal! Next stop $480. The PE has come all the way down to 491 lol. As multiples continue to compress on these high flyers this stock has a long road to go with many bounces and failed attempts to rally. Without help of the fed's perpetual 14 years of QE and artificially low interest rates these companies will have to learn to live within a budget without benefit endless free cash in this mother of all bubbles stock market casino!
SNOW poised to meltAnother money losing covid era IPO with failed double top. This company reports "earnings" on March 2. The last 3 annual reports have posted larger losses than the prior year. The era of fed induced stimulus and QE with bubblelicios low interest rates is over. This stock looks to be printing a death cross in the coming days same as NOW and CRM. Look out below!!
Zigzag on NOW. NOWGoals 474, 424. Invalidation at 781
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NOW head & shoulders 510 PE ratioYes, the quarter growth was impressive, but on 5.9b in annual sales revenue and a mere $230m in NET INCOME with a $114.3 billion market cap. It will take 495 years of net income to catch up to this market cap. There's no bubbles here, just keep buying!!!! We are in a bear market, accept it or not. This stock is going to have a very difficult time breaking past the neckline and printing any new highs in this environment. Nearest profitable competitor CRM has twice the market cap but 1/4th the PE. When insiders are selling SO SHOULD YOU!! finance.yahoo.com
SXY ''CHF'' SellGood morning All,
We are looking to continue selling Swiss index.
On the lower TF price has broken down and retest the broken trendline. Selling inside the channel and wave 3 down gives us a good risk to reward trade.
Entry and Sl Marked.
As always Likes, share and comments welcome.
Many Thanks
ZIL - READY TO PUMP SOONIt’s finally time! We have a symmetrical triangle paired with an upward trend (bullish) + a cup and handle pattern. The volume is showing some really tight price action as well… looks like blast off!
AEX at crucial POINT!As shown in the graph, the AEX index is at a crucial point. If they break the small resistance line, we can expect uptrend movement to around 800-805 points. If the resistance line holds, we can expect more downtrend or sideways movement to potentially 778 points. Drop a comment in the comment section and a like if you agree with this prediction and/or have other opinions!
PLAN - Bullish call flow Aug 27thAnaplan, Inc. is a cloud-native enterprise SaaS company that helps improves business performance. Options - Over 3800 Sept $70 calls bought Aug 27th, Put/Call ratio is .21. Related tech business software names that did well for earnings, TEAM, MNDY, CRM, BILL. Currently above the 200 SMA, $61.8.
shortPlease deal with science no one is perfect.
This is the end strategy until after breaking resistance of 42000 or support 36000, macd rsi momentom ma indicators (50/20/30) and Elliott waves and patterns have been used.This is the final strategy until after breaking resistance of 42000 or support 36000, macd rsi momentom ma indicators (30/20/50) and Elliott waves and patterns have been used.
Fibonacci and Ichimoko tools were also used in this analysis.
$BABA $NOW $CVNA $GLD I OptionsSwing WatchlistBABA 1D I Testing the $205 area for the third time, could be seeing a triple bottom before the breakout from this falling wedge.
NOW 1D I We could be seeing a possible inverse H&S, Watching above the $567 level for continuation and possible retest of $600 before its ER.
GLD 1D I After breaking out from a bull flag back, we are seeing GLD retrace back and possibly making a double bottom near $165.
CVNA 1D I Showed strength last week and it is testing ATH levels. Watching a break above $325 with volume to see it continue run up into earnings.
Custom PM vs Cryptos chart heavily favors gold, silverHere is a chart I put together and have been keeping an eye on for some months now. I was able to predict the recent bottoming formation which has held up nicely. The chart is adjusted to reflect the current gold-silver ratio, putting them on equal ground, and similarly with the btc-eth ratio.
As you can see, the rise in precious metals versus cryptos has happened significantly in the past, by some 637%.
I know people want hard numbers for this prediction, but that's impossible since there are 2 main factors: The price of metals and the price of cryptocurrencies (namely the top 2 here). Maybe one goes up and the other goes down, or they both up but relatively one more than the other.
What one can surmise from this chart however is that it currently looks still very bullish for precious metals versus cryptos. This is backed by fundamentals such as the shifts taking place with basel III, metals held in an extended accumulation phase, and bitcoin and etherium coming down from it's blow-off top.