Socialmedia
PINS - from Argus daily update.According to Argus, Pinterest posted solid third-quarter results, and appears on track for continued strong growth in both monthly average users and average revenue per user. In addition, the company is benefiting from streamlined ad systems through the Pinterest Partners Program for smaller merchants and product improvements like Shop tab. Pinterest is also seeing strong international growth.
- it sets a price target of $80 [ I will wait for my entry if it pulls back to the nearest support]
PINS is a winner*Looking good. This stock is pretty bulletproof considering even with potential state lockdowns/ advertising potential it will only benefit.
No coming back to these prices after 2020 is up. Get in now, as this Will be a 3 digit stock.
*indicators used*
-ZigZag
-Pivots
-Vol
-Supertrend V.1
-MACD
APPLE BULL FLAG? possible bounce off 117-118 for ER run upAPPLE waiting to breakout of this down trend, could see a retest towards resistance at $124.50 or we could see a move down this week to my support zone at $108. .618 Fib is at 117.14 could see a bounce there to retest ath. Keep in mind ER is coming at the end of the month 10/29 so options get next week exp. or 2 weeks out to give some time, scale in small because market is very uncertain with politics in play.
PT 128
SNAP Double TopNYSE:SNAP has formed a double top from July levels. This stock could see some pullback with the growing popularity of NYSE:TWTR and other social media platforms like TikTok. I see downside of 24.79, which is a strong pivot point, heading into the earning's report and if EPS is a bust it could quickly move down to the neckline formed in August at 20.81.
Trading FB next weekI have a bullish bias on FB and believe we re-test ATH very shortly on some market strength and a rotation back into tech.
FB provides some very interesting upside and downside opportunities above the ranges given. Below, there is a true gap to be filled if it falls below. Above, fibs are shown from different timeframes, thicker lines on larger timeframes, which will naturally be points of larger resistance. Some 'wick gaps' may be filled quickly above despite not being true gaps. Definitely one to watch.
oh SNAP...is that a reverse H&S or are you just happy to see me?Looking at SNAP it's been gaining some steam in the past months, Seeing more than 200% gains off the March lows. Not only that, but arch-rival FB has been in hot water all year and there's concern about their business being broken up to prevent monopolistic practices. Is this an opportunity for SNAP? Is this an opportunity for you?
With that being said, a strange and exciting pattern has formed in this chart. What's more, is the potential impulse wave that is forming on the chart and the steady volume to go with it!
Now the Risk to Reward setup here really depends on your how much you are willing to lose to bet on some gains on a breakout? Depending on your time range, you could make a quick buck and then keep some SNAP for the new 3rd wave cycle that could then form if we do reach new All-Time Highs (ATH).
BUT... if we are dreaming through our SNAP spectacles again, then we could be willing to take up to a 25% loss to gain 30-40% and then have a nice set up for a larger swing trade.
I'm already in this one ever since the 4 Tech Titans were on the hot seat in front of Congress. After making this chart I might want more. What do you say?
Twitter: Emerging Golden and MACD cross. Bullish mix.TWTR was rejected yesterday on the 37.00 Resistance which was the June 8th High. The 1D chart remains bullish (RSI = 63.007, MACD = 0.470, ADX = 33.487), the MACD made a bullish cross and the MA50 is about to cross over the MA200 (Golden Cross). This is a very bullish mix for Twitter and we encourage investors to buy either if the Resistance breaks, or on the next pull back to the 1D MA200. Our Target is 42.00.
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Facebook $FB breaking out?When we look at the daily, it seems very positive. It is clearing the buy point $215 will target the pivot $224. However, when we look at the monthly, price is rising but RSI is still below the last highs. Watch how it will close by the end of the month.
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thx