Technologystocks
QCOM (Long)Still long today we got losses but...
i guess 5G is QCOM and lot of profits for QCOM are to come as well gubernamental contracts. just my guess do your investigation, on technical side look nice to buy, i mean good momentum, for sure maybe tomorrow it still goes down and is a even a better momentum not sure but now it ´s not bad
decisions are at your own risk get advise from professional (take this seriously, please)
Good Luck
Charlie
$FTFT Target PTs 11-20 and higherFuture FinTech Group Inc., through its subsidiaries, operates a real-name block chain e-commerce platform that integrates block chain and internet technology in People's Republic of China. It operates through CCM Shopping Mall Membership, Sales of Goods, and Others segments. The company offers Chain Cloud Mall (CCM), an enterprise customer interactive and comprehensive shopping and sales service platform; NONOGIRL, a cross-border e-commerce platform; and DCON, a block chain-based application incubator and a digital payment system. It also engages in the development of block chain-based e-commerce and financial technology. The company sells its products directly to end-users, exhibitions, and distributors, as well as trade Websites. The company was formerly known as SkyPeople Fruit Juice, Inc. and changed its name to Future FinTech Group Inc. in June 2017. Future FinTech Group Inc. is headquartered in Beijing, the People's Republic of China.
ADOBE possible FLAG formation !The technology sector is preparing to make a new high.
Many stocks are after a consolidation period since September.
We can clearly see that ADBE testing its highest high , so watch it.
As always, diversify.
If the flag pattern will follow through a big move is about to happen, one that worth risking on a trade.
Previous pulse waves were relatively smooth.
Side note: if you are familiar with Wyckoff theory, SPRING just happened in March... which is also a possible positive sign for a shoot up :)
QCOMWith a
Great ¨in the sector ¨ P/E ratio: 23x
Bad PEG 9x (strange here...)
bad PB radio 21.6x (the debt weight on this ratio, i guess...)
Future Growth 2.6%, (here who really knows ???)
now: that ´s what i like a lot apart the P/E
ROE (return on equity) 91.2 %
ROA Return on Asset 19.0 % (industry average 7.5 %) that mean how well the spending in assets is rentable for the company (that choke to me against the bad PEG number)
ROCE Return on capital employed 27.3 % (this means management is far better than the rest of it ´s peers, industry average 9 % )
Overvalued yes ( but less than it ´s peer in EEUU industry) i guess due it ´s debt, a debt which in the counterpart is well managed, the free Cash Flow is enough to cover the nice dividend this company paid to shareholder 2%, as well interest and debt due to it ´s earnings which last year 2020 reached a 53 % of growth over 2019, (seems the debt is an inversion for the future) Mr Steve is the CEO who recently is helping Boeing as well
Anyway i ´m not a professional
Get advice from professionals about the numbers, to me it looks as i mention in parenthesis
to said
I ´m more Bullish than JP Morgan Analyst
i bet for a $ 200/210 share in mid long term let ´s see how far it goes t ´ll half past May month
as i said i ´m not a professional, maybe i ´m saying stupids things either the numbers comes from good and different sources (you have to make your own though)
i ´m long on this one. (because of the future, elites seems to have planned for us) which could be good or bad, anyway i ´m always optimist about the future of humanity
Good luck
Charlie.
$XLK Technology Sector ETF Bull Trend Returns!$XLK #Technology Sector ETF
#Tech officially back in bull market? 🚀
Price has closed above 2nd SuperTrend resistance, a strong indication of possible start of next bull trend with no overhead resistance (Intermediate term).
Lets observe #VCCB indicator for strength of buying volume and trend continuation over the next few days.
Relative Strength (RS) line rising. Take note this is totally different from RSI (Relative Strength Index). We use RS to measure if an asset is outperforming a benchmark. The SPY is used as benchmark for this chart example. An RS line that turns green and sloping upwards generally indicates the asset has stronger strength (outperforming the benchmark).
Also take note in strong upward trending markets, Oscillators can remain overbrought for prolong periods.
It will be good time to find swing trade opportunities in many Technology stocks.
💡IMPORTANT DISCLAIMER: All Information, Commentaries and Opinions shared in this group are purely for educational and entertainment purposes and ARE NOT recommendations to buy or sell any stock, security, or asset. Please do your own research and due diligence, and exercise your own discretion for all trading and investment decisions.
Don’t Forget About the ChipsThe Nasdaq is trying to stabilize, which could draw buyers back to semiconductors.
Chip stocks like NXP Semiconductors, Broadcom and Lam Research were some of the biggest gainers in the Nasdaq-100 last week. That helped push NDX ahead of the S&P 500 for the first time in five weeks. The relative strength also came amid two positive weeks for the Philadelphia Semiconductor Index.
The SOX chart above shows our Smart Relative Strength script with a 10-day interval.
This chart highlights underperformance in the broader SPDR Technology ETF in the same period:
This is noteworthy for two reasons. First, almost every chip company reported strong numbers last earnings season. Second, semiconductors are highly cyclical. Unlike high-multiple software stocks, they stand to benefit from the economy reopening. That’s especially important at a time when investors are unloading expensive growth stocks like Zoom Video Communications (ZM).
In addition to rebounding more quickly than other big tech names, SOX is now battling a downward-sloping trend line that began in mid-February. Traders may look for a breakout if the broader Nasdaq stabilizes or bounces in coming sessions.
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NQ Strong SupportWe all know that tomorrow is a QWD (Quad Witching Day) which defined by investopeida is
"refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December."
While we don't know for sure what tomorrow will bring...we can look at where we stand currently so that we can be best positioned for which sectors to look for movement in.
The NQ -
after an EOD sell off, we currently sit right back at a strong support level (I have it pulled up on a 4hr, but the Daily chart shows it as well)...
we've had strong breaks downward of this support only twice, and have had six bounces off it.
While I believe that sectors out of tech will have their time to shine this year, I don't think that tech will just flat out die...
with that said, 12750 looks to be a strong level that we should hope to hold & bounce off of overnight / tomorrow...
I'd say the odds are in our favor with bulls stepping into action around this level consistently, but with, rotation possibility, bonds having crazy action, and market uncertainty in general you can't be too certain.
$CRSR: A Criminally Undervalued Tech StockMy ideas are included in the chart.
I don't think the technicals of this are very encouraging, nor is the fact that insiders can soon sell. But I do believe the fundamentals of this stock are solid.
My basic thesis is that given future prospects, this is significantly undervalued; something difficult to find in our current tech environment.
Let me know your ideas in the comments.
Stunner: Oracle Breaks Out as Peers LanguishSoftware companies have lagged this year as investors focus on cyclicals like energy and financials. But one unexpected name is breaking out: Oracle.
As covered previously, strong earnings lifted ORCL to new highs in December. It then pulled back to old resistance and bounced. This week, its shares are closing above their previous all-time highs.
Two technical patterns stand out today.
First, notice how ORCL broke above $64 on February 22. The stock barely pulled back in subsequent sessions, even as the broader S&P 500 dove to a three-week low.
Second is ORCL’s relative strength compared to the broader technology sector.
Both of these trends are signs of accumulation. One positive catalyst is ORCL’s improving momentum in cloud-computing, which prompted analysts to raise price targets after last quarter. Now buyers are re-engaging with another set of numbers about two weeks away.
The company’s lower valuations may also provide some shelter against higher interest rates. ORCL trades for just 14 times forward earnings and 5 times revenue. Other big names like Salesforce.com and Adobe (which have gone half a year without hitting new highs) trade for at least 3 times more.
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Can Nvidia Climb a Wall of Worry?Nvidia has gone nowhere since the summer, but now the chart may be lining up for another push to the upside.
The first pattern is the series of higher lows beginning in early January, plus a new all-time high in February.
Next, the most recent low of around $528 is almost exactly the middle of its four-month range. After consolidation on either side of that line, has it now become support? Interestingly, NVDA had a large, high-volume drop on Thursday to that price area – but there was little follow-through to the downside.
Third, as prices inch back from Thursday's selloff, they’re trying to bounce at both the 50-day and 100-day simple moving averages (SMAs).
Finally, stochastics have dipped toward oversold territory.
The fundamental story is mixed. On one hand, results and guidance crushed estimates last quarter. On the other hand, investors are worried as NVDA’s pending acquisition of Arm hits a series of regulatory hurdles.
Given the strong earnings and broad outperformance in the chip space, will prices now climb the proverbial "wall of worry?"
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NASDAQ - Bearish or Bullish? As you probably are aware, 10 year yields are have been increasing for the past week or so as the fear of raising interest rates increases. In short, yields go up with interest rates as bond prices decrease. When rates are projected to go up - as markets are a forward looking indicator - stock prices will decline as investors are pricing in a higher cost of capital for companies across the board. The companies that are impacted the most are growth stocks such as the ones listed in the Russell 2000 and NASDAQ 100. These companies get hit harder by decreasing interest rates because they are borrowing at a higher rate than value companies such as Walmart or United Parcel Services.
On the 4 hour NASDAQ futures chart, price action has held the 180 day EMA as well as the green uptrend line very strongly since the COVID - 19 crash. There have been two times since December 8th where the NASDAQ futures price action has broken below 180 EMA. In both cases, the NASDAQ failed to turn bearish shortly reversing and turning higher. Obviously, this time it's different for the reason that I mentioned above - interest rates.
On the 4 hour chart, NASDAQ Futures has sold off around 9% over the past week - flirting with corrective territory. Previously, NASDAQ Futures sold off close to 12,671.25 before appearing to have turned bullish prior to getting rejected by the 180 day EMA. After the 180 EMA rejection, NASDAQ Futures touched 12,671.25 and appears to making a break to 13,130.50. I am currently holding TQQQ (ProShares UltraPro QQQ) which is a 3x leveraged ETF on QQQ. At the time of writing this, I am currently down on my position with plans to add to my position if NASDAQ Futures can break above and hold the green uptrend line that I have drawn. As of right now, the key level that I am watching is 13,130.50 with hopes that the NASDAQ Futures can break above the 180 EMA (Blue Line) with volume. In my personal opinion, I would turn more bullish on the NASDAQ and even more bullish on TQQQ if the NASDAQ Futures can hold the 180 EMA (Blue Line) with the 20 EMA (White Line) and 50 EMA (Orange Line) crossing over the 180 EMA with volume.
Uber Pulls Back. Is it the Next Facebook?Uber Technologies quietly hit a new all-time high on February 11. Now it's pulled back and may be offering some opportunities for the bulls to hail a ride.
First, notice the trend line starting at the low of November 4, as stocks began their election-week rally. UBER jumped two sessions later after announcing results. It continued higher until late January, when it pulled back along with the rest of the market. That low created a trend line, to which prices are now returning.
Next, stochastics have dipped into oversold territory.
Finally, the last four months of consolidation and price action have occurred above the previous highs from 2019 and 2020. In this way, UBER resembles Facebook in 2012 and 2013.
The comparison might be apt because both companies went public with key weaknesses. In case you forgot, FB struggled with mobile ads for several quarters. Mark Zuckerberg fixed that problem mid-2013, resulting in a breakout above its initial price range.
Like FB, UBER spent its 12-18 months in a penalty box as investors balked at its convoluted business model. But CEO Dara Khosrowshahi has divested non-core business and mapped a route to consistent profits last quarter.
Overall, UBER has been through a lot: management turmoil, profitability issues and coronavirus. Now things may finally be coming together for the transportation disruptor to really go places.
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Buy on Uptrend Channel Breakout (BULL)QES ~ very BULL
3 days confirmed stand above uptrend channel (very bullish)
Yesterday test previous resistance 0.35. Resistance turned into the support area. Can set main support at 0.35.
Today breakout neckline resistance.
FA - Healthy
Valuation - not yet too overvalue compare to other technology stock
Unisem suppliers - Recently be awarded a lot of order from Unisem
News - Technology supply chain shortage (international giant tech company request tsmc taiwan to increase production to 200% haha
$NTNX Ready for the next leg up?I am very bullish on this name, it's a top notch company with a disruptive technology that will challenge big names like VMW and MSFT in the virtual machine, micro segmentation and datacenter space.
Short term - gap from March was filled in December and it is poised to cross resistance around 34. If it holds can see a move to 38 and above. Needs some volume. I hold this equity long term but this play am looking at July calls.