$PYPL Looking for a Breakout to fill Gap down from $160+ to $200Let's start with the Tech side of things:
1. Has flipped the PARSAR bullish on the daily and is about to flip it bullish on the weekly
2. Accum/Distri has begun to climb sideways and upwards on the daily and the weekly after being down since Oct last year
3. MACD is been flipped bullish on the Daily and is about to be flipped bullish on the weekly
This is just a few of the technicals that have turned bullish in the last few weeks, there are several more.
Analysts:
1. MoffettNathanson's Lisa Ellis raised her buy recommendation to $190 this past week
2. Deutsche Bank's Bryan Keane raised his buy recommendation to $200
Why are they Bullish?
Keane met with Paypal's CFO John Rainey this past week, following which he wrote that: "Beyond new product initiatives, PYPL also stands to benefit from expanding into China later in the year (catalyst for ) as well as through increased omni-channel capabilities as it integrates card based solutions and Zettle."
Zettle by PayPal is its point-of-sale solution; its maker was bought by PayPal in 2018.
Ellis wrote that she believes the stock is very attractively priced, and that she " upside from the strong U.S. eBay growth (27% in 4Q21), a macro recovery in China and other international markets, and the rollout of new services, including , crypto investing, and bill payment."
Techstocks
3/20/22 TQQQProShares UltraPro QQQ ( NASDAQ:TQQQ )
Sector: Miscellaneous (investment Trusts/Mutual Funds)
Market Capitalization: $--B
Current Price: $53.17
Breakout price: $52.40
Buy Zone (Top/Bottom Range): $50.15-$40.85
Price Target: $67.30-$68.80
Estimated Duration to Target: 40-44d
Contract of Interest: $TQQQ 4/29/22 55c
Trade price as of publish date: $4.20/contract
Microanalysis of the NASDAQ 4HIn a follow up analysis of the recent favourite, the NASDAQ futures NQ1!, it appears that a possible higher low above 13K has been registered and it is now consolidating below 13,360 (yellow line). Any effort above has been met with swift downdrafts (red ellipse marking the upper tails). If this continues, a breakdown below 13K is expected, and currently is expected to 12,800 target.
Alternatively, a 4H close above the yellow line would signal a breakout of the consolidation zone, and affirmation of a higher low near 13K support.
Technically, 60/40 skewed towards the bears.
Is this the calm before the storm?
Asian into European opening hours would be interesting...
PALANTIR:New Beginnings On The Horizon NYSE:PLTR is now set for new beginnings as a major cycle has ended for this stock.
Recently the price has been ranging in the the 8.6-11.4 area which is a high demand area ideal for the current accumulation phase .In fact there is a great probability for the bulls to take the lead and push the price significantly up , taking advantage of the nice potential of PLTR .
Although many technical indicators are already anticipating a rally, it is more reasonable to wait for a close above the 12.6 as a confirmation before the entry .
After the confirmation ,the price is likely to reach the first target ,and potentially the second and the third targets if PLTR succeeds to close significantly above the first and the second target areas successively.
For the trade management It is advisable to :
Close 50% of the position when the first target is hit and move the stop to the entry area .
Close 25% when the second target is hit and move the stop to just below the first target area .
Close the remaining 25% when the third target is hit .
The 9.5 level would represent a reasonable stop level which has the advantage of being tighter than the 8 level despite the latter offering more freedom for the movement of price .
FERVENTLY BROUGHT TO YOU BY MANHATTAN STOCKS .
ALL REQUESTS ,SUGGESTIONS AND REMARKS ARE WELCOME .
NASDAQ indecisivenessAfter its rebound, the NASDAQ index is in a small range of 13800 to 143000. It appears to be trapped in a zone and break out or breakdown will follow a decisive move. When that move will happen?
Have to wait for it and watch it happen... then we will know.
Daily technical indicators suggest a skew to the downside, but the 4H technical indicators indicate a potential bounce up.
Let's wait and see what develops...
#MSTR showing us the way for #BitcoinWill it Break the current bear flag that is forming?
How it performed during the Tech wreck (like all tech stocks)
which had no earnings , but relied on future projections of user growth ( eyeballs & clicks )
Lower prices seem inevitable if his #Bitcoin holdings go into the Red
NASDAQ under the microscopeWas just looking at the NASDAQ futures and the price actions over the market holiday yesterday amidst the hype and concerns over Russia-Ukraine issues.
In the NQ1! 4H chart, recent multiple failures of the 55EMA (4H and Daily) technically projected downside for the NASDAQ (amongst other equity indexes). There appears to be a cyclical fear pattern over the last month, and in this current cycle, it should peak down today. Am expecting a spike down type of peak, that tests the support, breaks it somewhat and then a likely rebound ensues (as previously posted that NQ1! should be testing support).
That's what the technicals are hinting to me anyways. There is a near support, but I am looking at possible spike down to 13,000 in the coming days.
Longer term still looks volatile, and longer term target is still lower for now. Absolutely plausible for a major DCB and then a massive turn of events.
I do have a date in mind though... 10 MAY 2022. Watch that date!
Stay safe and well!!!
sell MSFT tradeHigh probability trade for NASDAQ:MSFT stock. I recommend opening 2 positions . 1st Position with Stop loss and take profit as shown here .the 2nd position has the same stop loss but with 261 take profit , when the first position closes and hits the take profit , move the Stop loss to entry price for the second position and wait for it to hit 261 or wait for a take profit update in this post .
This is a high probability trade with a great potential risk reward superior to 5 . In the markets There is never a 100% win probability .The idea is to have the odds in our favor and to be much more right than wrong .
Corrections are needed to create buying opportunities Refer to my related link below see the similarities in the charts, as you can see overall markets are breaking down on global tensions, inflation and FED interest rate hikes. most stocks have been parabolic for 6 years now, with March 2020 barely putting a dent in the growth.
Can see my limited risk entry points on MSFT. Doesn't mean if markets don't change I'm happy to buy back in until then research.
AAPL analysisIt looks like NASDAQ:AAPL is trying to come back up to break and close above the green line .If it succeeds to do so , then there is a high probability that it reaches the (200-203) area with a possible continuation towards the 210 mark , depending on how the market behaves around the 200-203 area. (The market must act with bullish strength around the 200-203 area in order to continue up to the 210 )
In fact if the market succeeds to break and close above the 210 , it would be reasonable to aim for the 255 mark as a second target .
On the other hand , if the attempt(s) to close above the green area fails , then the market might go down to the red area (155-157) which if broken , has a high probability to send price downwards to around the 137.5 .
TESLA made its long-term bottom. $1400 Q3 target.TSLA touched last Friday both the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). During the previous phase of the first 6 months of 2021, the price made a bottom when it hit this 1D MA200 - 1W M50 zone. In fact, as this chart shows, Tesla's price action since November is very similar to the first 6 months of 2021. The 1D RSI and MACD are identical, both phases made fake-outs above the 1D MA50 (blue trend-line), only to get rejected to a Lower Low.
In the previous phase, the price entered into a long-term buy when the 1D MA50 broke for the second time. As long as the 1D MA200/ 1W MA50 Support Zone holds, the 1D MA50 break-out shouldn't take long to happen. With every Higher High being a 0.5 Fibonacci extension level higher since September 2020, the next target to fill is the 3.5 Fib extension. We are setting a Q3 target on Tesla at $1400.
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PLTR. This Future Move Makes Sense. RE-POSTED.NYSE:PLTR was in a rising wedge before it made the recent 43% drop. Now, on the weekly, it appears to be forming a falling wedge . What this means is that we see at least one lower low, before we can break the top of the falling wedge , and eventually reach all time high. Currently, the falling wedge is not confirmed because we have only two touches on its bottom side. Moreover, RSI is sinking lower and lower with each new low. We wait to see a lower low corresponding with a higher RSI low, forming an RSI divergence. When that happens, then we have a trade setup with 80% to 100% upside, depending on where bullish confirmation occurs. For now, we just wait and see.
NFLX and BTFDLooks like this is another stock that I will be adding to my portfolio soon. In the coming 2-5 Months. This has been a more volatile stock as it's sold off 45%+ in the past and it's currently reaching/reached that point. Of course with inflation and rate hikes affecting high PE companies this one will probably be no exception and will probably be seeing more pain in the coming months. Also raising prices is not going to bode well for them in the coming quarters, affecting churn rates/new customers. 375 and 343 a next levels to watch for. looking to start adding around 370ish.
290 would be hell.
$AAPL Bearish FOMC Setup$AAPL follows $SPY almost to a tee with wicks and candles. The orange line is $SPY overlayed on top of the AAPL chart. $AAPL is in a descending channel and a break under the 174.43 level with a $SPY confirmation has a level from 174.43 to 172.31. Puts under this level have potential to fall all the way to the 170.34 level.
$XLE $SXLE 2022 Setup Perfect formation and setup for Energy stocks which I expect bullish performance till end of Q2 2022 and by then most likely 2 interest hikes will be already done. Then as of Q3 also due to base effect inflation will start to come down and rotaion will be from value to growth stocks.
on Weekly chart it is even more visible. My 2022 portfolio will be on precious metals gold and silver (more on silver) and energy stocks till June-July and then switching to beaten down tech stocks like ARKK, ARKG, SE, LSPD NOW etc.