Socialmedia
Revolve approaching a decision point tomorrowRevolve has formed a triangle chart pattern since its IPO a few days ago. On upside breakout, look for confirmation above $41.61 resistance level. On a downside breakout, look for confirmation below $36.74 resistance level.
Tomorrow is a historically bullish date for stocks, so perhaps Revolve will break out upward simply on seasonality. Citron, the only analyst to opine on Revolve, has set a price target of $50. Downward consolidation is the alternative. In that scenario, Look for a slow slide down toward secondary resistance at 30.65 as the price consolidates before its next upward gap.
Love the Idea of Going Long into Twitter EarningsThis chart is one of the few bullish charts I've seen lately. Obvious round bottom pattern, with bull flag suggesting a breakout higher into the 40's. Earnings are reported on 4/23, so will look at this as along into Tuesday, and a hedge through earnings. I would not be surprised to see Twitter set new all time highs over the coming month or two.
Short-Term Target: 40
Long-Term Target: 48
TWITTER-INITIATE-STONG SELL-WAVE FAILURE?NYSE:TWTR initiating with a STRONG SELL.
Twitter looks to be collapsing...
Twitter's chart is very similar to Oil...
Oil is also experiencing Wave Failure...
Oil/Twitter:
Stock needs to clear and hold above the purple trend line to prevent wave failure.
Near-Term Target = $18-$20
Time-frame estimate: 140 days
Will update.
-AB
Visit related idea (QQQ-The Great Fall) for more tech analysis...
$FB Will Be In Due For RegulationOne of the big themes to come from this week's midterm elections will be regulation in regards to data security. Over 4.5 billion records have been compromised this year, and six social media breeches account for 56%
Facebook has admitted two highly significant breeches since the Cambridge Analytica scandal. Look for FB to see regulatory pressures along with users deleting or spending less time on their accounts.
Should You Accumulating $AE Right Now? I think...Aeternity is a scalable blockchain technology that enables high-speed transacting, purely functional smart contracts and decentralized oracles. Coded in Erlang.
I'm not really sure about this project, but this one seems legit. I must have further research on them, because they are showing bunch of PhD's guys on their team line. Which first, if it's true then it's great because of the project handled by professionals and people who has knowledge and experience. Secondly, if it's not it's a bad disguise then.
Talking from their thousands community on their telegram group and having quite great presence in any other social media plus their github is published and updated, I think AE is quite nice from my perspective.
Above all, short term, i see quite down ward in price as I drew the green color lines. I think at the current price we can put them slowly into our portfolio and make it as mid-term - long-term holdings.