ROKUIF QQQ can comply and move forward higher ROKU can explode
Even with weakness though i believe the main leaders in tech currently would be ROKU / NFLX ..
NFLX does have upcoming ER so this could be reason as to why it's strong going into the new month while QQQ has been shaky and moving towards the downside. Expect ROKU and NFLX to continue with great strength and surprise.
IF Roku gets above 340 this opens the door to 370-420 range.
Monthly iTM calls could pay NICELY if we catch some steam on this one
LIS 316
TECH
AbCellera: $15 | a Gem under the radar should be the next crispr or illumina ... it supplies stuff to MODERNA
it could be the secret sauce in pre diagnotics or preventing diseases before they become serious
currently winding down and allocation of shares to serious players and strong hands with conviction in the Ai Tech Cum Biologics
NQ - Profit Objective Hit - LTL of DTVXN & VIX will set the possibility for a Counter-Trend.
VIX Above 22.15 - the SELL Remains.
VXN - Draw it up Lows to Highs on Daily. The .618 and
.500 are S1 / S2.
We will see if the Larger Objectives below trade into
Friday or the CT Develops today.
We are anticipating a CT end of the week at the latest.
Again - 10Yr Yields, DX, News will provide VX.
Contact with the Lower Trend Line of the Downtrend
can Squeeze...as VX Roll/Settel is 12 Trading days away
Long $GRMN - GARMIN. GRMN.NAS Long GRMN.NAS- @ best price available below 160. Currently trades @ 155
TA Highlights
- RSI @ 24 and turning upwards. (add more on break of 30)
- Bounce of 200 DMA
- Bounce off lower Bollinger bands( on the 3 previous occasions this occurred in 2020, the stock went on to return 8.8% in the next 20 days.
FA Highlights
- CAPEX increased from 185m (2020) to 385 (2021) and managed to hold a steady cash flow. Should pay off in 2022
- R&D expense increase from 605M (2020) to 705M (2021) $705M. Should pay back with new to market products in 2022.
Sector Highlights:
- Garmin has 'moat' on marine and aviation GPS systems.
- Aviation: revenue expected to normalize back to 2019 levels in Q1 and through 2022.
- Fitness: European market for wearables increased 28.5% yoy through Q1 2021. Garmin fitness revenues increased by 31.5% suggesting increasing market share.
GOOGLE REACCUMULATION!Hello my beauties.
I think Google is completing a phase of reaccumulation, and it might jump above the trading range soon. The arrows do not indicate exact price action, and the trade setup needs to be verified through accurate observation of the developing event in the price action.
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Peace.
Luca, TrickleDownFX
SECOND POSSIBLE SCENARIO FOR HP! DISTRIBUTION!Hello my beauties.
We will wait for the price to move towards the top of the range and give us some more indications. I tend to think that HP is going to show strength regardless, but I would like to react to the price rather than predict it. What looks like a Spring (quick weakness in the price followed by a rapid recovery within the range). The price might also provide the Wyckoff events outlined in this analysis, so we still need to wait for some more information before we can delineate a clear trade setup. Remember that the lines don't intend to predict price action exactly, rather give us a general view of the events that will follow based on the Wyckoff trading strategy.
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Peace.
Luca, TrickleDownFX
TWO SCENARIOS FOR HP ACCUMULATION OR DISTRIBUTION?Hello my beauties.
I think HP might be accumulating. The range is clearly defined, but we need to understand whether this was a spring or a sign of weakness. Regardless, we will wait for the price to react to the top of the range by whether breaking it and retesting it successfully, or by breaking out and quickly recovering beneath the red line.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
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Peace.
Luca, TrickleDownFX
$EVH Merger with Walgreens Will Not Happen Sources SayWe all come here to notice that Walgreens is not interested in the Merger with EVH after digging into the company earnings and realizing there's a conflict of interest in proprietary technology. A Merger makes no sense any more spokesman said. "We'd like to notify private investors today to let them know that the deal doesn't seem to fit our model anymore as far as the health care management software Evolent has to offer" - Walgreens
WACC% 15.48
ROIC -3.73
Operating Margin -4.18
Net Margin -7.28
ROE -11.23
ROA -5.35
3 Year EPS NRI Growth Rate -61.20
Net Income Operations -72.27 70% Worse than 606 companies
Sloan Ratio -42.26
ROCE -4.49
1 Year Asset Growth Rate -7.30
1 Year Debt Growth Rate -21.80
1 Year OCF -881
1 Year Total Growth Rate 8.80
1 Year Revenue Rate Per Share 5.70
ATER heading back to $20?Not a financial advisor.
ATER has recently pulled back after seeing movement back to the $18ish area. (Extended Hours)
I previously stated that I have a price target of $25. I believe we have the potential to see that fairly soon.
If we manage to get over the 50 MA on the daily, see a little retest of breaking past that, we should see the movement coming to bring us to that $20 area.
So if we can get ATER to run close to that 13.08 fib then retrace creating divergence for an up coming bounce off the 50 MA around 12.14 area. That should give us enough pop off momentum to get back to that $17 range. From there I would think we would need a little extra cool off to gain the power to retest / breakthrough that $20 resistance.
Higher timeframes have more room. Just calling it how I see things unfolding. Chime in with your thoughts, always great hearing others voice their thoughts.
$TSLA Just in case you've been blinded and forgot the bigger picture. Been awhile since I've updated my long term Tesla chart for you guys.
btw I'm positioned long already, the entry for long term was honestly awhile ago. Just created this in case some people didn't get in yet and were interested in R/R from here.
Target: $1000 by Q1 2022, then $1500 by August 2022.
$TSLA | WEEKLY WATCHLIST 9/27My top watch this week! I am already positioned in shorter term calls (10/1 and 10/8) from last week. Looking to complete the wave 3 impulse around $793-795 before a minor retracement.
Ultimately seeing higher towards the $836 and $900 region.
**A BREAK OVER $780 IS CRUCIAL THIS WEEK FOR BULLISH CONFIRMATION**
$GOOGL | WEEKLY WATCHLIST 9/27Another name that we called the bottom on perfectly. No changes since the last time I posted. Bounced exactly where I showed on the chart. Now, looking for breakout above the red resistance line. Please note the descending broadening wedge pattern which is BULLISH!
Looking to enter a long position on break above red resistance line to test $2900 and ATH.
$AMZN | WEEKLY WATCHLIST 9/27After calling the top and predicting the bottom, I'm feeling fairly good about this count. As long as the low around $3304 holds, I am looking for more upside to ultimately hit my $3782 target by November.
Please note we have not completely filled the daily gap yet.
Will look to go long over $3434.
$AMD | WEEKLY WATCHLIST 9/27AMD has been quite frustrating throughout this wave 4 pullback. Possible we see a breakout of this extended bullish falling wedge to play upside in the next 1-2 weeks. Looking to retest the $114 level, above that we get a larger breakout to ATHs.
However if we reject the falling wedge resistance here, possible we see waves D and E to complete an ABCDE corrective wave, rather than the proposed ABC above.
Will go cautiously long over $107.
$AAPL | WEEKLY WATCHLIST 9/27Watching for a move over $150 to help confirm that the wave 4 corrective phase is most likely complete. Will look to eye a long entry swing from there. Until then, will be on the sidelines since a further retracement to test the $139-140 level first is still a possibility.
TESLA a break above 775Shares closed 2.75% higher to 774.39 in stock market trading Friday, breaking out past a 764.55 buy point in a cup-with-handle base.
Shares have found support near their 21-day exponential moving average. Its relative strength line is trending upward, as its 50-day line is also sloping up again.
Tesla's RS Rating is 85 out of a possible 99. Its EPS Rating is 72.
Among U.S. automakers with a growing slate of EVs, General Motors (GM) and Ford (F) each rose 0.5%. Recent IPO Lucid Motors (LCID) fell 3%.
Tesla's China-based rivals Nio (NIO) declined 1.5%, Xpeng (XPEV) dipped 2.5% and Li Auto (LI) ended the day mostly flat.
For more info check out my bio.
$AMD and end of September Semiconductors...Here are some zones to ponder for NASDAQ:AMD next week. I have some larger bear and bull scenarios, but this is my little short term sliver of FRIDAY NIGHT FORESHADOWING.
Bullish in the blue, bearish in the red. Beware fakeouts!
Get on board, buddies!!!
-- patrick