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CRM LongAll I hear on the media is tech rotation. Tech too heavy. People forget Tech has few things going that no other sectors have. One tech is the new commerce. Due to Corona virus it is the commerce. Growth is heavily expected. Not US but rest of the world is worried and wants to park their money somewhere there is return for their money. There is no alternative to Tech stocks. This is the new normal. Who will bring growth giants sitting on pile of money like Apple, Google, Fb, Microsoft, NVDA, CRM list goes on and on. Media is selling fear into lots of new Robinhood traders so they can scoop some of this names they missed on. Look at the forward P/E for most of these names. After their 15 to 20% decline they don't seem this bad. Here is one example CRM. If this week closes even slightly positive this is great long set up. If not price i think will consolidate near this area for few day and then bounce. Hope this helps. In business weak gets weaker and money man wins money. This is not a recommendation to buy or sell. This is for educational purposes. Please do your own homework before putting your hard earned money on line strictly based on a post on any websites.
NYSE:CRMLong
by Riainvestment
SPY setting up for downsideSPY bounced off of 50EMA however it did put a lower low. Clear signal of weakness. Market i think is getting ready for two major uncertainities. Fall Covid-19 situation and presidential election in November. Both have major impact. I think there is more downside but i could be wrong. there is a higher probability of market retracing to 38% or near 200 EMA atleast before it consolidates and gets ready to resume the uptrend. Covid death numbers coming from Dr. Fauci is scary. Projected 400K deaths by Jan.2021. China story is still hanging on our head. All in all it all pointing to bearish sentiments. Not to mention all big tech stocks are still overvalued and may need to come down before institutions can put some interest.This is just an opinion. Please do your own homework before buying or selling any financial asset.
AMEX:SPYShort
by Riainvestment
Paypal setting up for downside.I have been watching paypal. Nice long term buy for me. Not a swing trade. Chart is showing some downside since Friday 09/11 created a fresh low. Let's see if 50 EMA holds. If 50 EMA does not hold next stop is way far at 200 SMA. Looking at SPY and everything else Monday and Tuesday seems very important. If SPY breaks to the downside then Paypal is sure to move down. Should it get all the way down to 200EMA which is also a 50% retracement for Paypal it's a nice time to pick some up. This is just an opinion. Do not buy or sell based on this post. Do your own home work for that.
NASDAQ:PYPLShort
by Riainvestment
20200908 NAS100USDHello again! So, after what... 6 months of uptrend? and having crossed the uptrend channel, i believed we could start thinking on possible distribution in place. This is not just based on 1D chart, but having lot of study in bigger time frame (1W or 1Month ... even 6 months...) So again, this is just personal idea and not financial advice! Use your own risk and if it works for you... dont forget to hit the donate button :P lol... Timing match for February / April / May periods of 2021... Elections for an UTAD .. so jeje too many coincidences... Ill be updating in case it follows or not the idea so stay alert and any question and comment are welcome.. Cheers! -CharterX
OANDA:NAS100USD
by CharterX
DKNG- Technicals show nice breakout -Long entryDKNG broke out of inverse head and shoulder pattern on 4hr. Recently even in bad quarter corona impacted quarter company generated more than estimated profit. I agree fundamentally it is not apple but entry is based on technical analysis. If works then it offers a great risk to reward ratio. I am not an expert on Elliot wave but I try to incorporate it in a very basic manner. Usually it works for me. Wave 5 begins here. If you measure wave 3 target can be about 60.00. I am happy to get 45 to 50 range. Lets hope it materializes. I like the pattern and will go long. Hoping the run to continue. Today was a nice day for a cheap entry as price retraced to the breakout line. This is just an opinion. Everyone must do their own homework before trading or investing in any financial assets.
NASDAQ:DKNGLong
by Riainvestment
3m looks like it's getting ready for a run to the long side.Beautiful Medium term downtrend which was a correction when you see a larger picture is now broken after the consolidation. this new trend before the breakout started with completion of a Fib retracement. My only worry is I see market coming down for next few days which may impact on the strength of this stock. No matter what 3M is a good name. Would love to own at a cheaper price. This is just an opinion. Do your own homework before buying or selling any financial assets.
NYSE:MMMLong
by Riainvestment
BANK NIFTY - NEXT WEEK LEVELS MARKET COMMENTARY : Bank nifty has clearly given a breakout above parallel channel which indicates a good control in the hand of bulls, sustaining around 21700 level will take it further high up to 22071 to 22500 level as well. Control of shift from bulls to bears will take place only below 21280 which can further drag it down to 20650 level. APPROACH : As long as the bank nifty is trading above 21280 - 21300 level it should be buy on dips. Traders if you liked this research or have an opinion, write in the comment section. Thanks !! DISCLAIMER : We at intelligence7 stock market institute is proving you the research study based on the current market scenario and the levels based on technical analysis, this should be considered as a case study for learning purpose and not as an advise to take a trade decision, so before taking any investment or trading decision kindly contact your financial advisor.
NSE:BANKNIFTYLong
by intelligence7
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