Technology
Long $NDX $NQ_F into the annual Black Friday tradeNearly every year, and especially in election years, there is a seasonal rotation back into big box tech stocks in anticipation of the long weekend and Thanksgiving. I attribute a lot of this buying to the Black Friday spree where Americans dive into big deals online and in department stores.
Nasdaq futures are shown above and the consolidation above the 21 Day EMA is promising. Today Russell 2000 hit a brand new intraday all time high. I expect this trade to progress starting today (Monday) and through Cyber Monday. At that point we may see another "Turnaround Tuesday" in the opposite direction back down.
Nasdaq looks heavy...What do you think?
As long as previous high not taken out, changes of pull back downwards is likely...
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nas100Purely based off of fundamental analysis, with Biden as president this will call for tougher rules on tech groups which has been called for from politicians all over the world.
I believe we could have a shake start to next week for tech before stabilising but some correction is needed before some stabilisation.
They could be seek more tax off of big tech companies, wouldn't be trading much technical analysis but more fundamentals. Will hold my short for the start of the week just to see how the market/world of tech reacts to having Biden as president and from there we will have a better idea.
Teradyne - Cup & Handle + Measured MoveTeradyne made a cup & handle, which continues to see strength.
Cup & Handle -- Measured Move
Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move.
Trade
Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1 level.
There are also other semiconductors making ATH, which is adding to the strength in the industry overall.
Zoom Delta Divergence 1hr ChartZoom might have reached the bottom of their sell off, however we should be cautious entering positions with the current set up.
We have the bears and bulls fighting for dashed green trendline. So far, the bulls have been able to buy up the green zone, however, even though we see a small uptrend over that last few days. We have a negative delta divergence on the cumulative delta volume which indicates buyers are getting weaker and weaker.
This price is really reactive to news and that could be what the stock needs to blow through some resistance.
Technically this chart makes me feel uncomfortable picking a direction either way so I'm going to remain on the sidelines until we get clarity. NASDAQ:ZM
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
APPLE IS OVERVALUED APPLE IS NOT LOOKING LIKE A SOLID HOLD ATM... AS FEAR AND ANXIETY GROWS AROUND THE ELECTIONS, WE WILL MOST LIKELY WITNESS A FLASH CRASH BEFORE 2020 IS OUT.. FORTUNATELY, A CRASH IN PRICE COULD BE A GREAT TIME TO ENTER TECH MARKET STOCKS AS HYPER INFLATION LOOMS EXPONENTIALLY CLOSER, THE 'NEW NORMAL' REQUIRES THESE TECHNOLOGIES, AND WILL CAUSE RELATED ASSETS TO APPRECIATE .. SHORT TERM BEARISH LONG TERM BULLISH, CONSIDERING THE INFLUENCE APPLE HAS ON THE MASSES. AND REGARDLESS OF WHO WINS THE ELECTION HYPER INFLATION WILL CAUSE MOST ASSET TO APPRECIATE.
Baidu Apollo Undervalued (Significantly)1. Baidu have had low valuation due to its stagnant growth of its core business - search engine in China, however, it enjoys a significant moat in this segment as it is the largest market share holder - therefore has network effect.
2. Baidu had been investing significantly in developing AI and autonomous driving over the past few years. Its Apollo project is as good as (if not better), than Google's Waymo. However, Apollo is valued at $1.3 billion only (3% of Baidu's market cap) due to Baidu's core business growth, and unclear roadmap of monetization of Apollo. But, Google's Waymo is valued at $30 billion. It is worth noting that only Waymo and Apollo achieved the L4 auto driving, where they begin 1000+ testing of full self driving on road. Tesla's autonomous driving had been recording data of man's driving, while Waymo and Apollo records data on full self-driving.
3. Recently, Baidu began its robotaxi test drive in Beijing, which received huge responses, had cause the stock price to break out its few months resistance level. Therefore, I believe that the break out from a technical perspective may signify huge support for Baidu in addition to its near term upward trend (typical higher lows).
4. Despite full self driving is still years before it could be full commercialised, Baidu's Apollo had also been providing smart city solutions to assist with provinces of China to solve the traffic issue. In Guangzhou, Baidu received RMB 450 million project. This may be the key monetisation way for Baidu in the next 2-3 years, which is very likely given the traffic issues have been causing waste of resources for China, thus the government is likely invest in smart transportation through Baidu. Therefore, we can expect more projects given by the government, which would be a catalyst moving forward.
5. In mid September, Baidu's management noted that re-listing in Hong Kong would gives it a higher valuation that it currently has. Therefore, we may expect a catalyst from this part.
Also, the current risk to reward ratio is worth betting on. If it breaks the current support ( breaking the low of the uptrend), then we might have to look for another entry point. However, recent pull back after break out provide a great entry point.
{SWC}—— Inari Analysis, Bull continuesBias: Long
Inari had broken out the neckline RM2.45 earlier. The overall trend continues to be bullish.
Resistance: 2.50, 2.55
Support: 2.45, 2.40
Apple is going to launch its new Iphone the following week, let us see whether there will be any further price action.
Do remember there are some political issues tomorrow.
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Is Dell Inching Toward a Breakout?Dell Technologies is a blast from the past. At one point it was one of the top technology stocks, but now it seems to get very little interest.
Still some interesting things are happening on the chart.
First is the pair of bullish gaps after strong earnings reports in May and August.
Next is the ascending triangle that formed since the last gap higher. DELL has made steadily higher lows while holding below $68.50. However prices closed above that line in the last few sessions. Is a breakout coming?
Looking to the left we can see resistance is close to DELL’s previous all-time high of $70.55 from May 2019.
The fundamental story is also interesting as coronavirus and remote work fuel demand for PCs and laptops. Just yesterday, for instance, tech researcher Gartner said third-quarter PC shipments rose to their highest levels in years. DELL is also spinning off VMware , another potential positive that could result in higher valuations for each standalone company.
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SP500/Technology - CUP AND HANDLE pattern forming Here I'm going to talk about the formation of a potential Cup and Handle pattern in the S&P500 and The Tech Sector
Let me know how it goes for and how you view these recent movements
If this analysis helps, I'd really appreciate a like, it lets me know that what I'm doing is good work.
No matter what hits the Tech Sector it continues to grind higher even with the highest Market Value stocks having P/E ratios far exceeding 30. This makes sense, although overvalued in terms of EPS the protection they offer is unrivaled in the market.
However when we reach prior highs some of the same fears that caused the recent correction will creep in, especially with positive vaccine headlines and positive earnings from financials.
Both the SPX and S5INFT have moved above their upper Day and 4 Hour Bollinger bands and the pre-market today suggests they will stay there. Further movement up will cause the 4hr RSI to hit close to and potentially above 80 as financial earnings push the market higher and Apple's new iPhone gives a boost to tech.
Therefore I suggest a handle pullback may be in order to allow investors a buying opportunity. I assume that we may break the previous high of 3587 and move up over 3600 briefly up to Fibonacci R2 at 3624 which will allow tech stocks to recover near to previous highs of:
AAPL:$130
MSFT:$230
NVDA:590
AMZN:$3550
These highs will cause mass profit-taking hitting the market down to potentially below 3587 which could cause further downside towards the 50d MA support point at about 3430. If this support remains intact (which fundamentally it should) this will signal a great buying opportunity for tech moving into the Holiday season pushing it even higher than before. This will be dependant on how Investors view the election results, however with the range of potential outcomes for the market directly being very tight with either Trump or Biden as president the results could be almost irrelevant.
Therefore if you're in tech stay there until you see high volume selling at major resistance then buy more on a confirmed reversal at the bottom. If you're not in tech already it may be risky to get in now, although if you are willing to be actively trading and aware then this could be a great way to make some quick profit and use this to buy more on the dip.
Best of luck and Stay Disciplined
Consolidation could lead to a large breakoutThis has tapped this upper trend line multiple times and looks like it wants up.
ARCHER TO RALLY?ASX:AXE Archer Materials Limited is a materials technology company developing materials in quantum computing, biotechnology, and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique materials inventory, and access to over $300 million of technology development infrastructure.
After a great announcement this morning titled "Chip build fast-tracked with qubit modelling" in which advancements have been made in their quest to build quantum technology that will be integrated eventually into existing electronic platforms, some would say that having a signed partnership with IBM is also very advantageous. We have seen a bullish move within the Daily Ascending Triangle but due to the markets unpredictability we play Bull and Bear and here are the scenarios below.
Bullish:
Daily Ascending Triangle continuing to be respected
Re claimed the 20MA
Bullish Rejection out of the Ichimoku Cloud
MACD anticipated bullish cross
Stochastic approaching the 50 with anticipated cross
Bullish break inside Ascending Triangle hunting 25% Internal Target 1 if respected.
IF Ascending Triangle Completes and Major news is released, Fractal Targets 1&2 are as displayed. Keep in mind Major Resistance needs to be broken and I'd wait for confirmation of direction around the Internal Target 1 zone.
Bearish:
Fail Ascending Triangle would see us test previous Equilibrium then potentially Previous Support
Stochastic would fail the 50 and reverse
MACD would turn Bearish and spread
Break the Ichimoku Cloud similar to July break
Forming Large Scale Bullflag identified by Green Rotated Rectangle needing another touch which would GAP Fill 08/05-11/05
Definitely a company to add to your watchlist. IMO DYOR
DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
Big Tech has shown strength versus UncertaintyBig Tech has shown strength in a consolidation zone for a month. After taking pause along with its FAANGM buddies, MSFT may make a significant bullish move toward Election Day. The Bearishness of Election may be already priced in. Despite very negative headlines all month and especially the last two weeks, these folks are still unfaced!
FLATTENING TO BOTTOMS - SELLERS STILL THERE - NOKIA -DAILYWe have noticed that the market price is flattening. From a long super drop, it has been evolving in a horizontal range which is still going a bit down.
The bottom black lines are showing probable bottom and potential extended bottom.
Whenever the market price finds regularity in the long direction, sellers come to push it back down.
To resume the recovery is very hard and the fall easy to engage. Very pessimistic.
The top blue line is showing a zone where sellers are stronger. Their action zone. Breaking that point would possibly announce a big movement upwards.
Positive side: The market trend is less elastic in the decrease direction and have been trying to run horizontally rather than downwards.
Investors sentiment is probably what the price reveals. Waiting maybe for a decision in the board or expecting a technological move to revive Nokia Corporation's price up.
Future of learning and education with $CHGGTA
-120EMA Support. High volume at $62 level.
- Early May 2020 shows double the volume from the previous highest volume day= Institutional accumulation. Average volume 2.8M. May 5th volume : 38.5M
- Distribution volume slowing down
- RSI reversal
- MACD golden cross
- Strong relative strength
FA,
- Integrated platform = Chegg study+ Chegg Writing+ Chegg Math solver + Chegg tutors + High quality future proof skills based courses
- Structural tailwind with e-learning/self-learning.
- Yahoo finance Growth rate : 25%+. Simply wall street growth rate : 68%
- FY15 to FY20 CAGR revenue 39%
- Accelerating Earnings, revenues and margins in consecutive quarters(Almost Code 33)
- Growing subscriber base= Network effect with more tutors and students
- High growth and high margin. FCF positive
- Good management
Current subscribers of 3.9M with 29% YoY growth. Total opportunity at 102M subscribers
- Baillie Gifford ownership : 11%. High quality fund ownership + Growing institutional ownership. #smartmoney
Concerns,
-Increased competition : Amazon, Khan Academy, Open study, Linkedin
- Physical textbooks are a thing of the past.
- Debt of 900M and interest coverage of 1.09. However, Cash is at 700M with a healthy current ratio of 8+
Added at $72.
$VNET can rise in the next daysContextual immersion trading strategy idea.
21Vianet Group, Inc. provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $24,14;
stop-loss — $23,24.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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Time for Longs in Zoom AgainMore lockdowns will mean more work-from-home arrangements and more social distancing measures. Usage of video conferencing for work and for social purposes will continue to rise.
Despite the recent weakness in Tech Stocks, Zoom Video is testing its all time highs again. With surging Covid-19 cases and the threat of lockdowns looming in various countries, this stock is likely to power higher in the weeks ahead.