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Adobe updateAs part of NASDAQ Adobe has market cap of $141.73B. Price ranging on the price target of majority of banks and investment funds. However, Bank of America and Morgan Stanley price it above $300. Company showed positive earnings over the 1-year period, next earnings date is September 17. Nice uptrend line respected multiple times. Now ranging around it and the 200SMA on 4 hour. A support zone around $277 and small downtrend line from August 8 now show price being wedged in, gearing up for the break, but failing ti make new highs, showing more selling pressure at the moment or investors taking profit. Upside break looks more attractive or wait for test of support to buy with a great risk-reward. Good Luck!
NASDAQ:ADBE
by Antonio_trader
1
Walt Disney potential head and shouldersLooking at the chart, technical setup shows divergence and a right shoulder forming right now, could be great for next week to short it on Monday. A lot rides on Powell tonight, non-farm data was quite negative. This could be a good trade to short at least until the gap is closed. Also seems like the 5th wave is finishing here. So we could see a corrective wave A now. Walt Disney is a massive giant with $251.16B market cap. Recent spike was due to launch of its online streaming service. Most banks and funds expect the price to reach $160 before potential reversal. Good Luck!
NYSE:DIS
by Antonio_trader
Boohoo update double topBoohoo is UK fashion retailer worth around £580 million. Company is quite popular among group of 15-30 year old's, offering cheap clothes when people all looking for ways to save money. Business actually boomed thanks to 2008 crunch and a successful IPO getting from 21.4 per share in 2015 to 273.7 in 2017. Found support above 140. Now an uptrend recently shows price getting higher with buyers a little stronger than sellers. Yet resistance at 250 and fib level 78.6% very strong. Seems like a double top now with divergence, potential to short with great risk-reward. A long would only be considered if we close above 250. Good Luck!
LSE:BOO
by Antonio_trader
Facebook updateSupport buy zone broken during Friday's sell off and the uptrend lone broken as well now. This opens lower levels and potential to short this stock. Despite today's announcement from Trump that talks with China resume, market's bounce up did not retrace all the loses from Friday at the time of writing. One of the biggest funds in the world, UBS, announced for the first time since last crisis, that they are going bearish on the stock market to protect capital from trade war tensions. While faith is maintained in the avoidance of 2020 recession, this could put further down pressure on stocks. Good Luck!
NASDAQ:META
by Antonio_trader
2
McDonald's updateMcDonald's has been having a great run, with price rarely selling off even during economic cycles and turmoil. Now in a channel with confirmed levels. Over the past year price made it 35.57% up with all time high at $222. Creates great options to trade when the price tests the low side of the channel. Long trade with a good risk-reward or wait for the potential break to sell. Majority of banks and investment funds see this stock as 'overweight'. Watch for the next test of the channel lows. Good Luck!
NYSE:MCD
by Antonio_trader
Ferrari update Big banks and investment funds have a divided opinion of this stock, between 'hold' and 'buy'. Their target price ranges below the current one. Technically, the price made a 3rd touch on the trend line, so it confirmed now. A support zone at 150 is close. If the break happens wait for the support zone to break as well. Currently can look for longs for better risk-reward. Ferrari seems one of the resilient stocks to global turmoils and recently continues to impress investors with improved financial performance. Good Luck!
NYSE:RACE
by Antonio_trader
Possible LIN ASX Long Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 - 3 weeks Actions on - A – Activating Event Market will find support in zone @ Current Levels - .... and move to the 0.022 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 0.022 ASX:LIN Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.022 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
ASX:LINLong
by SMPTrader
Possible ARM ASX Long Position!! SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 - 3 weeks Actions on - A – Activating Event Market will find support in zone @ Current Levels - .... and move to the 0.025 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 0.025 ASX:ARM Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.025 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
ALong
by SMPTrader
Domino's pizza updateDomino's pizza stock approached the support buy zone, near a big daily trend line. Major banks like JP Morgan have a $270 price target at the moment, labelling the stock as 'overweight'. Investment funds like Maxim Group targets at $300 back to the highs of this stock. Overall banks and investment funds believe the stock is considered under priced. Technically, stock almost hit support at oversold on indicators. Would be best to see if the stock hits the support zone first before buying in. Good Luck!
NYSE:DPZ
by Antonio_trader
Occidental Petroleum updateLast time price was this low was in February 2009. With global growth worries as banks across the globe started to cut rates this summer, oil prices took another blow and stock of Occidental followed. A major level is at $40 where a great risk-reward buying opportunity, if the level holds. On the technical side, stock is oversold on indicators and waiting for the reversal pattern on smaller time frames. Major banks downgraded Occidental stocks 'from Buy to Neutral' in the first quarter of 2019 with price target ranging $55-$70. As the price hits support and global growth picks up would be a great opportunity to ride the wave here. Good Luck!
NYSE:OXY
by Antonio_trader
FedEx updatePrice currently at the uptrend line, which was confirmed. Also 50% retracement level. With recent earnings disappointing and news came out today that there will be no renewal deal with Amazon at the end of this month. While it is a good level for a buying opportunity, the stock seems to be more on the sell side for now. Major banks like Morgan Stanley and JP Morgan gave it a 'hold' rating and a price target of $143 and $173 respectively. So far, higher probability is that this stock will go lower, so maybe best to wait for the next support if this one breaks and buy then. Or short the break of the current 150 support level. Good Luck!
NYSE:FDX
by Antonio_trader
2
Possible SIS ASX Long Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 - 3 weeks Actions on - A – Activating Event Market will find support in zone @ Current Levels - .... and move to the 0.110 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 0.110 ASX:SIS Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.110 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
SLong
by SMPTrader