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Shortsell

SELL!!!!ON WEEKLY SPINNING TOP HAS FORMED , on daily long legged dojis have been engulfed by the red , bear in mind end of the week slows momentum , but is it a coincidence that is it right at a strong resistance level , ALWAYS LOOK LEFT , LOOK LEFT!!! if price was to break below my support line at the opening of the markets and sustained a downward motion by tuesday or midweek , i think a sell is good to go , depends on one's own analysis and confidence in your analysis. shorterm target would be 1.05500 longterm??? depends on patience and personal zones
Short
by webster.robesten
Knight-Swift $KNX Getting Ahead Of Itself on Freight-Hype. SellKnight-Swift, $KNX, the largest trucking company in the US, rallied yesterday after the earnings release of competitor J. B. Hunt $JBHT. J. B. Hunt's earnings yesterday were mostly inline, but these better-than-feared numbers eased the idea of a major transport downturn. Here's the daily chart for J. B. Hunt $JBHT. So today, the day after that nice rally, Knight-Swift cuts its outlook pretty drastically. The cut both EPS for Q2 and Q3 down 10% of what was expected. They cite "oversupply of capacity" in the freight market which "resulted in greater than expected downward pressure on revenue per loaded mile", which is a lot of words to say that competition is eating their lunch. In response, the stock gapped down today, but only closed down 2%. I think it's reasonable to speculate that the buyers, which were bullish on $KNX because of $JBHT's positive earnings, will now have to sell, and send the stock price back to the bottom of the range. A sensible thesis is that if the stock can crack $34 to the downside, we may see $27-$30 in the next days after. You can read the full article here: www.behindthebid.com
NYSE:KNXShort
by behindthebid
Soliton $SOLY Will Likely Trail Down Until Next CatalystSoliton reported highly anticipated results from its study on cellulite reduction on Monday, July 15th. In anticipation, the stock ran from $12 to $20, but on the day of, the stock closed down 15%. Soliton is a small cap medical device company that has an acoustic shockwave technology for tattoo removal called Rapid Acoustic Pulse (RAP). The treatment works pretty well, needing only 2-3 visits to remove tattoos vs the standard of care (lasers) which take about 10 doctor visits. They have also put a lot of press out about the potential of using their device for cellulite. It's worth nothing that this was their second cellulite trial. The company presented their first trial results using RAP to treat cellulite on May 11 at the National Aesthetics Conference. They also went on Yahoo Finance Video to talk about the results. The trial "succeeded" said management, however, the stock responded less than enthusiastically. The Full Article Is At BehindTheBid.com (CLICK HERE)
SShort
by behindthebid
3
Galapagos Has Peaked, Nowhere To Go But DownGalapagos announced today a large investment and a 10-year deal with Gilead $GILD. The stock gapped due to Gilead buying 10% of Galapagos at $158/share. However, when stocks gap up on investments at a premium price, they almost always fall (see $MGI, $ARWR) An analyst at Raymond James agrees, saying he believes $GLPG stock has now fully realized his price target by achieving his core investment thesis. As terms of the deal, $GILD has promised not to increase their stake in Galapagos for another 10 years, so a buyout is off the table
NASDAQ:GLPGShort
by behindthebid
1
Sell Broadcom on this Symantec Acquisition, $20B Down The TubesBloomberg broke the news on Wednesday July 3rd, 2019 that Broadcom is in talks to buy struggling Symantec. This is a terrible idea on many fronts and $AVGO closed down 3% on the news. I believe that investors do not want this semiconductor company to waste $20 billion on a cybersecurity company (and why pick the one that seems to be struggling the most?). Certainly makes sense that we head lower over the next few days/weeks. A few references: AbbVie buying Allergan - stock closed down 15% Salesforce buying Tableau - stock closed down 3% (but it hasn't dropped further)
NASDAQ:AVGOShort
by behindthebid
This week we might close with equal BUYERS and SELLERS.After all the positive weeks from Mar & April we now came to a week where we are equal buyers and sellers. Keeping it simple, not using technical terms much, I want to say that, this week we closed the candle with equal red and green. So when this happens the following week will either spike up or spike down. What do you think, comment below. Now looking at the trend we are still making green candles and RSI shows that this week we may fluctuate between support level and resistance level. But i believe it will not come down 7400 level. What I would do now is, open the chart and try to look at MACD strategy for buy signals and wait for sell signal. I am still bullish as i see all green candle weeks. Make a strategy today for short trade between support level and resistance level for this week and coming weeks. Thank you.
by rafipasha
1