Good buy with DGAZ for 12% ReturnGood swing trade on DGAZ for a 12% return as it looks like it will bounce off of the 1 hour EMA. DGAZ has been on an upward trend on the 1 hour graph.
Stockanalysis
Today’s Stock Pick: BBT Sept 23, 2019The stock price just bounced from its new support after broke above its previous resistance around $52. Probably the price would reach $56 within several trading days.
Apple Receives $14B Tax Order From EURecently, Apple received an order from the European Union to pay 13 billion euros ($14 billion) in back taxes. And then, the tech giant launched a legal challenge against the 2016 ruling.
Moreover, the U.S. company cited that the executing European Commission is using its authority to fight state aid to retrofit changes to national law. In effect, trying to alter the international tax system, and it is starting to create legal uncertainty for businesses.
The six-strong delegation to the court, led by Chief Financial Officer Luca Maestri, will have five judges. And they will hear the arguments of both sides, as well as Ireland, Poland, Luxembourg, and the EFTA Surveillance Authority, over two days.
Daniel Beard, a lawyer of Apple, stated that the Commission wanted the iPhone maker firm to attribute all of its profits from all its sales outside America. And put it in the two branches in Ireland. “The activities of these two branches in Ireland simply could not be responsible for generating almost all of Apple’s profits outside the Americas,” he said.
Apple Vs. EU
Furthermore, the Commission cited in its decision about the 0.005% tax rate paid by the main Irish unit of Apple in 2014. However, Beard quickly dismissed the criticism by saying the regulator was just probing for headlines by quoting tiny numbers.
As of now, the tech giant pays a global tax rate of 26%. And it is the largest taxpayer around the world. Its payment hits 20 billion euros in U.S. taxes on the same profits that the Commission said should have been taxed in Ireland.
Aside from that, Apple expects revenue to hit $61 to 64 billion in its current financial quarter. And for its gross margin, it is anticipating for 37.55 to 38.5%
On the other hand, Ireland is also challenging the Commission’s decision.
Easy Potential 8% Return on AMTAMT has been on a consistent upward trend on the 4 hour EMA. Good opportunity to buy at a discount as it reached $240 for a potential 8% return.
Great buy opportunity with AMRN possible 40% returnAMRN has a consistent horizontal trend between price points $13 and $22. Currently valued at $16.31, AMRN has a great risk/reward opportunity with a possible return of over 40% in the next couple weeks.
Potential 20%+ Return on SPLK SPLK has been on a good uptrend for the past couple years as a growing company and recently reached a strong support. Potential good buy with a 20+ return over the next couple months.
Great possible 20%+ return on UAUnder Armour has been extremely oversold the past month. Great dip buy opportunity for a possible 20+ return on a horizontal trend.
Can The Burry News Help More Than It Has?GME has been beaten down most of the year. It's great to see positive news but unfortunate that they had to do fat trimming at the expense of employees. Either way, the news that Michael Burry is invested hasn't hurt (yet). We'll have to see if it has a lasting impact still. Overall, the chart looks interesting.
Video game retailer GameStop Corp. (GME Stock Report) has been in the middle of an impressive rally since last week. This has been due to two major factors. First, it announced that it is going to lay off as many as 120 workers as part of a cost-cutting process. This actually proved to be a huge positive. We reported on this last week in the article, “ 2 Penny Stocks Trying To Bounce Back In August .”
However, later on, ace investor Michael Burry told Barron’s that he is bullish on GameStop and owns as many as 3 million shares at the time. He stated that as many as 90% of the stores owned by the company are cash flow positive and he believes that the market has not valued the stock fairly. If you don’t know Michael Burry, watch the movie, “The Big Short,” and I think you’ll be surprised. Over the course of the past week, GME stock rose by 20%. However, don’t forget that the stock is still down over 70% year-to-date.
From PennyStocks.com - 3 Penny Stocks Catching Investors’ Attention This Week
JUBLFOOD Short Setup [Intraday]NSE:JUBLFOOD should provide a shorting opportunity at 1183 with SL at 1189.70 and mentioned targets on the charts should be adjusted as per individual trader's RMS.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly.
Alrosa near the bounceAlrosa been showing bad results for the whole 2019 year. Went below previous lows and now going deeper. Support at 69.5 bounced the price, and at day timeframe it looks nicely oversold and ready to bounce. But at week timeframe the situation is still dramatic. If current 70 SR won't stop the price, next support that has potential to stop the fall is at 64. In any case these stocks will have to recover for some time, before any kind of uptrend may appear.
Sberbank fallingSberbank shares have nice support starting from 200 and down to 187. After that there will be a gap till 174.
LUV Great 5% ReturnLUV has been on a horizontal trend over the past year. Great buy opportunity as it has bounced off of a strong support line. Potential return is 4-5%.
GE formed bullish shark a good long opportunityPriceline of GENERAL ELECTRIC CO (GE) Stocks has completed a bullish shark pattern and entered in potential reversal zone.
From here price aciton will take bullish divergence soon insha Allah.
I have defined targets using Fibonacci sequence as below:
Buy between: 9.33 to 8.94
Sell between: 9.67 to 10.42
Regards,
Atif Akbar (moon333)
AMZN Amazon LONG Opportunity AMZN has seen a retracement of 75-80% of the recent move up and this aggressive move down has come without any retracement.
Also we have the MA200 at 1750 where the stock had put a reversal back above the MA200.
We should see a decent move up on this stock as long as above the MA200 and expect this to reach 1927.
Any daily close below the MA 200 will get me out of this trade
DBX great buy for easy 5% returnDropbox (DBX) has been on an upward trend on the 4 hour EMA. Showing good signs to continue on an upward trend for an easy 5% return in the next couple days. RSI is showing signs of a good buy with a highly reputable company.
Scholar Rock - SRRK Long Opportunity This company made a really bold move and added $3 million dollars worth of shares to the supply AND selling them at 15% of what the closing price was at the time. Obviously, this resulted in a very big drop. However,vif their investment pays off, overtime, there is no reason this stock shouldn't steadily rise back to it's common price. Unless we get a REALLY bad report for there earning on 08/11. I'm gonna grab a small bag for a short/medium swing - what do you guys think?
QTRX on its Bullish Channel May 30, 2019
QTRX formed its long term bullish channel since September 2018 and now its on it's support area and it is now going up. There is a probability the price would reach its resistance at $27 soon.
IDCC From its Support May 30, 2019IDCC just bounced from its support at $65 and we could see from the chart that probably the price would surge to its resistance at $70 area within 20 trading days.
AAPL Long ideeaHello, this is our point of view. We are looking for a buy after 197.00$ breakout and retest. Our profit target is around 216.00$, as you can see there is a strong resistence level.
AMZN finding resistance at the 50 week moving average. AMZN is finding resistance at the 50 week moving average, and could be set to test the 100/200 week moving averages going forward. Currently, price is holding near the 20 week moving average after finding several weeks of rejection from the 50 week moving average. If the 20 week moving average breaks, we could see AMZN come down to retest the 100 week moving average again which supported the price previously back in December. On the chance that we break right through the 100 week moving average, I wouldn't be surprised to see it test around the 200 week moving average.
Moving average guide (All weekly moving averages for this post):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
Short term FLYBY with BOEINGBA Is in the consolidation and after it's finished i expect a up move to break the top.
7022 GLOBETRONICS TECHNOLOGY - BUYAs we can see on daily chart, we can clear bullish bias when candle closed above 50 EMA. Head n Shoulder pattern also appeared at support. This is strong indicates that the downtrend is near end. We must wait for the retracement until price action confirmation such as bullish engulfing or pin bar in the support zone and around 61.8% level of fibonacci. Next TP at next resistance and SL will be below right shoulder. Risk-Reward Ratio for this trade is 1:3. The trade will be invalid IF price just break the support OR the price push to the upside without retracement.
Google Plans Huge Acquisitions Ahead?Summary:
- Former Oracle executive, Thomas Kurian takes over as Google Cloud CEO this month
- Kurian is well known for his strong track record in M&A, acquiring small businesses and turning them into profitable business units
What does it matter to you:
Under the leadership of the previous Google Cloud CEO, Diane Greene, Google has been losing out to its competitors on major acquisitions. The first one was Red Hat, who turned down Google’s offer in favour of IBM deal and the second one was GitHub which was bought over by Microsoft.
With Kurian takes over the CEO office, the street is expecting to see Kurian to set Google Cloud on a more aggressive path, with more eye-catching deals ahead. With this in mind, the next immediate questions investors should be aware of
- Is Google ready for the strategic move initiated by Kurian?
- Will Google move to the next chapter of growth?
We shall arrive at a clearer picture once Kurian has settled down in his office in the next few months.
From the technical perspective, the long term bullishness of Google is still intact, with no indication of the change of trend. The support zone of 950 – 1,000, which has been tested for few times, could be a good long term accumulation zone.
Reference for Details:
www.businessinsider.com
