Sector early indicator? Telecommunications - not much at all.The Telecommunications sector - here represented by AT&T (T, in teal) and Verizon (VZ, in pink), - does not often clearly act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in Jul 1999, then a prolonged period around two years of weak underperforming prices from 2013-2015, and then another prolonged period of around ten months of weak underperforming prices in 2017, and a period of around two months of weak underperforming prices from Nov 2019.
Telecommunications
I have the impression that Nokia is going to skyrocketIt has been bouncing off the same support level for a long time and is reasonably priced.
It intends to invest heavily in 5G technology, recently announcing a collaboration with AT&T and Verizon for wireless connection services.
Maintains positive operating margins.
It is a partner company of the World Economic Forum (together with Big Tech, pharmaceutical companies, investment funds, etc.)
Its institutional investors include UBS Group, Morgan Stanley, Renaissance Technologies, Bank of America, Goldman Sachs and State Street.
Its main source of income is not mobile devices but networks (mobile access, fixed access, IP routing, and optical networks).
All this leads me to think that at the current price it is still a bargain for one of the largest telecommunications companies and with the potential to become the main competitor of 5G technology.
It could go as far as returning to its all-time highs around $ 60 and breaking them, or at least doubling its price to $8-10 in the medium term.
NYSE:NOK
Apple Reversal ?To be honest, i am not sure if we have an inverse head and shoulders or a triple bottom on the 4hr chart for apple. But both demonstrate that a possible reversal is coming. I am leaning more towards an inverse head and shoulder given the head being slightly lower then the other points.
Resistance looks to be at 125-128 so, if we can break 125, I expect to see 140 in the future and then maybe a move higher.
Switch Inc. is on saleAlmost 50% below its all-time high in October 2017.
At a relevant support level around $ 14, the next bottom is at $ 12.
It has a resistance near $ 17.
It reaches its peaks in the fall, if this pattern is replicated it could reach 25 dollars for this year (almost 80% profit with the current price).
RSI and stochastic at the oversold point.
Although it fell short of expectations in its latest earnings report, it is still a profitable company with future potential.
NYSE:SWCH
$WIFI to be Acquired by Digital ColonyBoingo Wireless to be Acquired by Digital Colony
Boingo Shareholders to Receive $14.00 per share in Cash Transaction Valued at Approximately $854 Million.
Leading Digital Infrastructure Investment Firm, Digital Colony, Uniquely Positioned to Continue Investing in Boingo’s Diverse Network.
Boingo to Become a Privately Held Company Upon Completion of Transaction.
Digital Colony will acquire all the outstanding shares of Boingo common stock for $14.00 per share in cash through a merger, in a transaction valued at approximately $854 million, including the assumption of $199 million of Boingo’s net debt obligations. The acquisition price represents a 23% premium to Boingo’s closing price of $11.40 on February 26, 2021.
expected to close in the second quarter of 2021.
finance.yahoo.com
Malaise for > quarter: Telecoms, Fast food, and Consumer staplesThese important sectors have not been booming for over a quarter (no Robinhooders around these sectors, and not worth a Reddit meme) -
- Telecommunications: T, VZ, TMUS
- Quick service fast food restaurants: MCD, YUM, WEN
- Consumer Staples (ETF is XLP): household products PG, CL, CLX: food MDLZ, GIS
Malaysia Technology Index Trending to Test Y2018 HighWith key components of the index including TM and TIMECOM trading at multiyear high, will we see the telecommunication index advances further to test Year 2018's high? The announcement of initiatives for companies participating in the Malaysian Govt MyDigital program may be taken as key catalysts for the sector with prime focus on companies in the fiber optics and 5G businesses.
QLC oohh-wooowww moment- 52weeks targetcorona-> digitalise the world -> internet -> telecommunication - QLC Chain -> here we go
targets marked - don't cry in 3 weeks
edit: if we would check 104weeks - some where between 920-960 sat-> absolut ok
$ATUS handle providing a great entry-point. Strong LONG on this!Looking for a breakout here. Sell-point 40+; Will become clearer later.
Cup and handle formation on the chart; it could breakout tomorrow or late today.
More details as this unfolds, but a position has been taken, and the average cost seems pretty nice.
-BEST N SHYT!
-BDR
BHARTI AIRTEL LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY ONLY ON RETEST
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts - NOT ACTIVE IN THIS CHART.
2) TE-REKAB - PROPRIETARY INDICATOR
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
ECOHLDS (Learning Notes #11)Entry : RM 0.235
Cl : RM 0.23 (-6%)
TP1 / TP2 : RM 0.27 (10%) / RM 0.29 (18%)
Risk Reward : 1.67 / 3
Hello Traders,
I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
If you like my analysis, kindly drop a like and follow me! :)
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
Disclaimer:
This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
PUC - Opportunity to enter long (Learning Notes #6)Hello Traders around the World and Malaysia,
I am currently learning Technical Analysis, and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
ORBC MA MACD Histogram just turned positiveThis is a Bullish indicator signaling ORBC's price could rise from here. Traders may explore going long the stock or buying call options. I identified 42 similar cases where ORBC's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 83%.
IDEA is looking good with strong consolidation prior to 13 & 15Idea's chart is looking very simple & clean for further up move.
Why I choose this trade:
Technical Analysis
Idea shot up from 6 to 12.55 within few trading days.
It cooled down to the 9 after big move and found very good support at 8.50 - 9
Since last few trading session it is ranging between 9 to 11 but not breaking 8.50 except 1 trading session.
Market Analysis
Idea told to Supreme Court that they are no in position to pay dues upfront.
Government is not in position to bail out at all due to Corona Crisis.
Declaring as bankrupt is the worst case scenario because many banks having exposure in Idea.
Most important taking out Idea from the Telecom leads to fear of Monopoly.
I strongly believe that shutting down operation is not solution here because the user base is still very large & it will affect on many people.
So best option could be paying dues in installment which Idea is asking.
AT&T sitting on volume support after good newsAT&T got a few pieces of good news today that could help lift the stock price further.
First, the Federal Reserve announced that it made a large purchase of AT&T bonds on the secondary market. I don't know that this greatly changes the outlook for the stock, but in theory it means that AT&T could borrow more money in the future at more advantageous rates because the Fed has taken some of the supply of AT&T bonds off the private corporate bond market.
Second, Democratic senators introduced legislation to subsidize Internet access for Americans experiencing financial hardship due to the pandemic. Republicans have been working on their own bill to do the same thing. Telecom companies agreed in March not to cancel service or charge late fees to customers who have been impacted by the pandemic, but those commitments expire tomorrow, so legislators may feel some pressure to act quickly on this. If passed, the bill could increase demand for AT&T's services.
Third, AT&T launched its 5G coverage in 28 big-city markets today, expanding its reach to more than 160 million consumers. This opens up a lot more market share for AT&T.
The company is also enjoying some positive publicity for choosing Anne Chow, a woman of color, as CEO.
In terms of technicals, AT&T is sitting right atop a volume support.
RBBN 50-day MA moved above its 200-day MA on June 23, 2020This price move may be construed as a buy signal, as it indicates the trend is shifting higher.
A buy signal is indicated by this change in price, due to the trend repositioning higher. In 3 of 3 cases where RBBN's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
NOK Long UpHere is another 5g stock idea...
We have been having a strong upward trend and since it is in this relatively new space it has the strong upward Potential!
World’s Fastest 5G: Nokia Beats Ericsson With New 5G Speed Record via @forbes www.forbes.com
They also have a relatively low market cap which if successfull could bring on a lot of investors...
Bought 850 at 3.92 USD
CEL BUY (CELLCOM ISRAEL LTD)Hi there. Price is forming a big reversal pattern to change its direction. Also is close to 0 value which is a very good sign.
Watch strong price action at the current price for buy.
303p - 330p Long term target swing from 100p / 75p entry #ftseAs a long term investment I am looking into start scaling in slowly in BT as I believe that UK economy will thrive in next few years once this period is over.
a 300p (200% from this price level) will give a great return alongside dividend for many investors.
I believe scaling in will be a better strategy then all in.
Please do remember we might still do a double bottom at 75p!!