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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. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:UBERLong
by TradeStation
2
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
MYX:QES
by SharKieduDu
TSM Long 12/23/2020TSM is a leading chip maker for some of the largest tech companies on the planet, including Apple, Sony, Huawei, Qualcomm, and others. It is pushing new all time highs & I bought in anticipation of a breakout to those new highs. I got long half of a position @ $104.14 with a stop @ $101.75. I didn't feel comfortable putting on a full sized position going into year-end, but if the trade continues to work for me, I am looking to add. With an initial stop loss of ~2.3%, I am looking for at least a 5% move from my initial entry price, which is roughly the $109.50 level.
NYSE:TSMLong
by apaqu
Anderson from Colliers reiterated a buy ratingAnalyst Charles Anderson from Colliers reiterated a buy rating on the stock while increasing its price target from $13 to $15. Anderson is bullish on the company's prospects related to Sony's PlayStation 5, which incorporates Immersion's haptics technology in the new DualSense wireless controller. One of the notable additions to the newest generation of the game console is the inclusion of adaptive triggers in the controller, which facilitate a new level of haptic feedback for players. Anderson has been using the DualSense controller and called it a "breakthrough" for Immersion to score such a high-profile design win in a mass-market application. Demand for the PS5 has been off the charts, with units flying off digital shelves within minutes of retailers getting additional inventory after launching last month. "Immersion collects a royalty from each controller and we expect more than one controller will ship per console over time to support multiplayer gaming and to replace worn-out controllers," "The DualSense controllers are already available at retail ahead of the PlayStation 5 console launch." Anderson believes that Immersion will be able to expand into other markets with its haptics technology offerings, and that the company has finally created an "efficient and predictable operating model." www.fool.com The analyst also notes that Immersion's fundamentals are becoming more predictable with 80% of revenue coming from per unit royalties, double the amount from four years ago. seekingalpha.com
NASDAQ:IMMR
by AlenCiken
Alphabet Holds the 50-day SMAAlphabet was the only megacap Nasdaq member to break out on its last set of quarterly numbers. Now it’s pulled back to some interesting levels. First, GOOGL tested its 50-day simple moving average (SMA) on Monday and held that line. Second, that SMA is near the September 2 peak of $1726.10. It bounced around that same level twice last month, which could mean old resistance has become new support. Stochastics are also showing an oversold condition. GOOGL isn’t the kind of stock investors have liked recently. They’ve been focused on smaller and more speculative names like solar energy and electric vehicles. However that probably won’t last forever. Pretty soon attention could return to the big names – especially with earnings season next month. And investors might find a lot to like because GOOGL’s last quarter showed a big improvement in online advertising. Both Search and YouTube benefited. It will also be a special quarter as Sundar Pichai starts disclosing operating income for Google Cloud in the results. GOOGL faces some legal risk because of antitrust actions by the U.S. and several states, but those cases will take years. Now that they’re known, sentiment could turn more positive and the search giant could climb a proverbial wall of worry. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:GOOGLLong
by TradeStation
Apple Holds Breakout as iPhone Cycle Takes HoldApple’s price chart continues to show improvement amid reports of strong demand for the iPhone 12. First, the tech giant started December by breaking above $120 and holding its ground on December 10 and 11. It then proceeded to break $125 and hold its ground again yesterday. This second level is important because it was key resistance on October 12 and 13. MACD has also been rising steadily since early November. On the fundamental front, Morgan Stanley said AAPL’s taking market share amid strong demand in China. Nikkei recently reported handset production will rise almost 30 percent in the first half. Yesterday, Reuters added that AAPL’s planning to produce electric cars by 2024. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:AAPL
by TradeStation
6
ZOOM Some pressure left before recoveringZM got rejected last week on the 1D MA50 and this is not an encouraging development. The reason is that it brings back memories of the last 1D MA50 rejection on September 06 2019. At that time, it took ZOOM three-four months before it started rising (we all know the parabolic rise more than made up for this 4 month waiting). Even the RSI is printing a similar pattern. In my opinion in order to buy ZOOM, I want to either see the 1D MA200 being tested and hold or a weekly close above the 1D MA50. Next Target $800. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
NASDAQ:ZMLong
by TradingShot
3
TESLA hit my $600 Target. What's next? $1000 eyed early 2021.Back in October when TSLA was coming out of its 1D Triangle, I posted the following idea with $600 as its Target: Last week the Target got hit and yesterday we saw another big green candle (+7.13%). What does this mean for Tesla? Will it be extending the rally and for how long? Personally I believe that as long as it is above the middle (dashed line) of the Channel Up that was created after the COVID collapse (left chart), it will be using the 1D MA50 (blue trend-line) as Support and rebound on every contact. Since March every strong rise was within a +75% to +89% range. Assuming the same pattern is followed, we are looking at a price range within $700-755, before the next consolidation or pull-back to the 1D MA50. The RSI is also near its 6 month Resistance. Once this consolidation is over, the Channel Up shows a Higher High target at $1000 at least. Needless to say, I am very bullish on the long-term on Tesla. The right chart is on the 1W time-frame, and the RSI shows a unique formation. Every time (since at least 2015) the 1W RSI breaks above a Lower Highs trend-line, a massive rise follows. This means that if the Lower Highs don't break now, the next pull-back might be the decisive to do so and start a new aggressive multi-month bullish leg. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
NASDAQ:TSLALong
by TradingShot
5
AMD - Buy SignalAs of this post, AMD has provided 2 recent buy entry with the latest occurring last week. I use support/resistance lines instead of complicated chart patterns and indicators (they are generally lagging and provide false signals). I never play the breakout and always wait for the retest and resumption (breakouts are a losing man's trade because they generally retrace to the last breakout/breakdown area). I don't see anything technically wrong with AMD. It looks like a good probability long trade.
NASDAQ:AMDLong
by XYZ-Trader-
3
Skyworks Fights Back Above the 50-day SMASemiconductors have remained one of the strongest corners of the market. Now Skyworks Solutions could be ready to join the rally. The iPhone supplier has struggled with insider selling despite beating estimates on November 2. But its chart is looking more bullish lately. The first signal was MACD turning positive back on November 30. That was the same day Morgan Stanley and Loop Capital issued bullish notes on iPhone 12 demand. SWKS gets about half its business from Apple. Next, SWKS is just now climbing above the 50-day simple moving average (SMA) after testing it for three sessions. Finally, the chart resembles a cup and handle. September’s low is the cup and November is the handle. That’s a classic continuation pattern investors seek in a growth stock like SWKS. After nearly six months of going almost nowhere, it could be a sign of momentum coming back. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:SWKSLong
by TradeStation
3
Nvidia Had a Bullish Outside CandleBig tech stocks have been snoozing since their frenzied peak in early September. But yesterday, one of the biggest names showed signs of waking up. Nvidia traded down to $518.89, under Friday’s low. It also traded up to $536.50, slightly above Friday’s high. That’s a bullish outside day, a potential sign of buyers getting active. The low was also noteworthy because it occurred along a trendline running along NVDA’s lows since early September. Stochastics were also oversold near the bottom of the range but are now climbing. Third, current prices are right on top of the 50-day simple moving average (SMA) and 21-day exponential moving average (EMA). Trending stocks have a tendency to move away from their moving averages when the trend resumes. NVDA’s fundamentals have also been strong, with earnings and revenue beating on November 18. It drifted along with other big tech stocks, but the Nasdaq-100 has recently tried to break out. Will the bulls look to NVDA next? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:NVDALong
by TradeStation
3