StoneCo $STNEDouble bottom is forming for #StoneCo if it holds above $28.22. #RSI is already above the resistance.
Technology
A Moment People Have Waited for: Zoom bounces at the 50-day SMAZoom Video Communications has become a household name amid the coronavirus lockdown. It seems like everyone’s using it -- from coworkers to teachers and doctors.
All the excitement pushed ZM near $165 in late March. It then ran out of energy and retraced all the way back down to $110 this week.
The current zone is potentially interesting for two reasons. First, it’s at the 50-day simple moving average (SMA). In fact, this is ZM’s first pullback to that line since it started rallying in early February.
Second, the current price zone is slightly above a longer-term peak from June 2019, shortly after its initial public offering.
ZM is in the news today because of a shareholder class-action lawsuit. However, the issues resulted from its success. One was a decline in the stock price -- after a monster run. Another was that its product has a few issues. These only became obvious after its user base grew dramatically.
The company’s market cap now tops $30 billion, placing it in the same leagues with Kraft Heinz and Autodesk . Some analysts have complained about its multiples because ZM trades for more than 50 times revenue. This is high compared with other tech stocks. However, investors may be willing to pay it given ZM’s new importance in business and society. One of the big lessons of growth investing is that rich valuations are often a sign of strong demand.
ZM’s last quarterly report in March beat estimates and its next set of numbers are due in June.
FitbitStock Symbol: FIT
I'm getting a crossover signal on the weekly for Fitbit to the upside. It had a large move up and I wish I would of had research this one prior to 2020. We are at a level that price has been rejected by multiple times in the past. Good entry around here. If we can get volume to break high it could be a good return.
Diversify and use 5% stoploss
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The Nasadaq Looking very Promising for shortMonthly Chart :
The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS :
Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192.
Note the Weekly Chat :
When you move into Daily Resolution , we can see clearly how the Buyers Failed to hold the Price above the MUT , and therefore, showing weakness :
Shorts can be launched at the current trading zone. But we have to calculate the risk in relation to the coming week open
The Main Profit Taking Target is - 143
Crowdstrike Holdings $CROWDIt couldnt break the down trend last week. Needs to hold above $67.56 to be bullsih.
Cloudflare $NETCloudflare CFO sold 15.000 shares of the stock. $25.02 is a critical resistance but rsi is stil weak.
ON Semiconductor $ONAnalysts expect that ON Semiconductor Corp will report earnings of $0.16 per share for the current fiscal quarter, $ON posted earnings per share of $0.43 in the same quarter last year, which suggests a negative year over year growth rate of 62.8%.
It is forming ugly double bottom if it breaks above $15.20 and gartley, bearish
Yext $YEXTYext Inc CTO Tom Christopher Dixon is selling shares of the firm’s stock. He sold 33.522 shares during March. After shares are dropped, there is positive divergence on daily so it may pull back for some days. If it break above $11.90, double bottom works
NIC $EVGONIC has gained around %30 in 3 weeks and hit the weekly resistance. #Volume is increasing. It may correct after such gain.
Clarivate Analytics #CCCClarivate Analytics is a provider of services and data analytics to help accelerate the pace of innovation. Most critical though, is that Clarivate stock is holding up in a rough market.
It needs to break out the trendline for entry
INPHI Corp $IPHIInphi's products are critical for moving large amounts of digital information quickly between and within data centers. technically rsi is still weak though and approaching to the resistances. It may form H§S or Double top.
$UBER can fall in the next daysContextual immersion trading strategy idea.
The demand for UBER's shares looks lower than the supply.
Due to the spread of COVID-19, the demand for the company's services fell.
This and other conditions can continue to cause a fall in the share price in the next days.
So I opened a short position again from $23,45;
Information about stop-loss and 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.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$WUBA can rise in the next daysContextual immersion trading strategy idea.
The demand for 58.com`s shares looks higher than the supply.
The company operates various multi-category online classifieds platforms and vertical listing platforms that enable local businesses and consumers to connect, share information, and conduct business in China.
Due to the spread of COVID-19, the demand for the company's services rose.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $52,18;
Information about take-profits and stop-loss will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Hebron Technology Co LtdI look for bottoms but here is a potential top. After a major run up we are experiencing distribution chop here. If fails to break 9$ it will drop from here. Looking at history it has hit highs here 4 times and all have been tops. This is major Resistance. Potential to retrace to $6 range. That's a good size short. Hope this helps
FORTINET #FTNTThe cybersecurity stock, #FORTINET gained an average of 6.1% in April the past five years. After descent move since 20th March, now it is correcting. #RSI is weak, seems double top is formed. Watch for supports and resistances
