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Shopping SPI 722$ or 1025$ Hi everyone, Shopping looks pretty good with it's low supply and all the demand right now. Even if we think SPI is pretty high IMO nothing to compare to what's coming. Nice W pattern right now, and a retest of the neckline. Here a some exit target for this W3 in blue. 161.8% : 466.38$ 261.8% : 722.17$ (my favorite) 361.8% : 1025.47$ (my favorite) Also please note that both Cycle W2 (Blue) and Main W2 (yellow) retraced very strongly which mean that we should retrace both W4 between 0.3 and 0.5. I think iam pretty realistic in this analysis cos this Cycle W3 in blue can easily go to 361.8% at 1025$ Best to you everyone ! Thanks for leaving a thumbs up if you like or even a comment. It's really appreciated.
SLong
by Crypto_Mercy
1
AFTERPAY - NEW ATH or 50% RETRACE?AFTERPAY (ASX:APT) New ATH or in need of a retrace (A sign of darker times ahead though IMO) 3 Scenarios to play out in the next week. 1: Now that we have popped back into long term uptrend and with the amount of people using the service due to Covid-19 (with no end in site) $50 mark looking very achievable. -Current Support holding -Bouncing off long term Uptrend Trendline -Covid-19 still taking its toll on the world -Fib Extension 1.272 within Rising Wedge -New ATH territory -Volume still present in the market 2: After a 440% run wheres the retrace?? Is now the time? (Short Term Retrace) -440% run without a retrace -Covid-19 Restrictions 'Softening' -MACD Death Cross inbound -RSI Overbought Territory -Fib Retrace .236 within reach -Parabolic Uptrend will crack -Healthy market run needs good market structure 3: A larger retrace is required - Punch through the Fib .236 and head for the .382 & Strong Equilibrium -Fill GAP between .236 - .382 -MACD Cross and Spread -Crack RSI uptrend -New Market Structure will form LL, LH -Parabolic trend will break A Revolutionary Company that was founded 5 Years ago. with over 40,000 Merchants Worldwide and 7 million users and GROWING, Afterpay has smashed the market post Covid-19 dump with a full retrace as their platform has capitalised on the state of the Global Economy during this time (Someone had to) with over $250 Million in Revenue (JUNE 2019) in excited to see what the End of Financial Year brings for APT. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
A
by Trader_Johnni
1
Z1P : 20% BREAK INCOMING! ZIP CO LIMITED (ASX:Z1P) has bounced back significantly well after the market dump in FEB/MAR, as have all lending services due to the job losses/ government surpluses around the world. When the market reopens on monday I can see a couple of things happening. 1: WE crack this 'strong equilibrium' as price action continues up the trendline and get squeezed into the corner, 20% TARGET - Respecting Uptrend - Buyer Volume Present -Covid19 crisis still taking a toll on the economy (People still borrowing) If we do break the equilibrium my next target would be the 4.14 Equilibrium. Careful though as 'Bearish Divergence' could follow. 2: The Resistance holds and we break trend, returning to 'Previous Support' 10% TARGET -Uptrend Trendline Breaks -Double Top Confirms -MACD crosses -.236 Fib Breaks 3: Previous Support Fails and we fall to 2.84 Support. 15% TARGET -Breaks .236 & .382 Fibs -Healthy Retrace after 230% move -MACD will have crossed -Center BB will have failed NOTE: There is an OPEN GAP sitting inside the 'Golden Pocket'. Do not be surprised if we see this fill. Offering simple interest free and flexible repayment options, Strong Retail Affiliations and having an App in the Top 10 of Google Play and Apple, it's easy to see why Z1P is doing so well. They are up $45Million in revenue and have nearly cracked 2 Million Users. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:ZIP
by Trader_Johnni
1
Online Retail. V-Shaped recoveryIt is rare to see a real V-shaped recovery, IBUY will most likely test previous all-time-high. $54 to $56.5 is an important range. To see it more clearly, just zoom out, or use a weekly chart. OBV has been indicative... as we cross above or below the 200sma, we can see OBV start a trend, either down or up, in conjunction with the 200sma. After our most recent cross above the 200sma, OBV is reaching 1-year high. Watching closely for a new breakout, which will possibly be followed by a re-test the previous highs. IBUY top-10 portfolio holdings with weight %: CHWY (4.89%) STMP (4.79%) NFLX (4.01%) PETS (3.83%) PTON (3.56%) GRUB (3.48%) AMZN (3.35%) CHGG (3.21%) UBER (3.20%) FLWS (3.11%)
I
by dorfmanmaster
Wal-Mart $2 Bucks from Strong Support, Entry into India. . .Many believe India and China are the future of retail. Wal-Mart seems to agree, and on 5/9 announced a $16 billion USD bid for a 77% stake in Flipkart, India's premier online retailer. Wal-Mart paid up to beat out Amazon for this exposure to Asian retail. Will it be worth it? Luxury retail is in great demand but everyday retail is struggling, especially in the United States. Wages remain stagnant, consumers are turning more and more to debt, and western countries don't offer much in the way of growth for retailers (indeed, several retailers have been driven to bankruptcy in recent years). Wal-Mart provides a place for the everyday consumer to buy everyday products, but margins can only continue to compress as: 1. the cost of goods rises with a consumer that can't handle increased costs passed onto them, and 2. WMT fights to reorganize to take market share in attractive online and Asian markets. Wal-Mart needs to catch up to compete with Alibaba and Amazon in markets with growth potential, and seems to be taking the right steps to do so. In the short-term, that could be bad for share price - or is the "bad" already baked in, and are traders\investors ready to pay up for Wal-Mart stock? Wal-Mart has to compete for its share of fruitful markets, even if it means margin compression. Looking at the technicals, Wal-Mart has abruptly fallen to near strong support in and around $81 USD. WMT reports Q1 2018 earnings on 5\17, and it's conceivable the numbers can't come in much worse than the downside upset from Q4 2017's earnings call back in February. Is disappointing news baked in to the price already, with Wall Street already expecting a little pain as Wal-Mart transitions into the company it needs to be to take on Amazon and Alibaba in shifting online and global markets? WMT paid up to jump in to growing East Indian (and Chinese) retail - it more or less had to, and "had to" isn't a good place to be when negotiating deals - but will an exploding Asian retail scene lead to explosive moves upward in the price of WMT shares? The move up may or may not be today or tomorrow, but presently, the company's decisionmaking seems to bode well for Wal-Mart's future. Please like, follow, and share, and maybe we can have fun and do great things together. Thanks again! See it on the site: holsturr.com/category/markets/charts/ ** For speculative and research purposes only - good luck! **
NYSE:WMTLong
by holsturr