Currently trading at a 4 months low, Nautanix issued a weak Q3 guidance prompting the stock trade in an all time low territory. Fundamentals aside, trading over 10 times more than average volume on Friday and short float at 31%, I'd expect some sort of bounce early next week and would look for an entry around $24 or $25 if it can get up there to play on the short...
With the recent important news of Bitcoin touching gold, that might quite be a relevant long scenario at term. Watching for upward breakout.
IF IT DOESN'T BREAK 1305 I WOULD RECOMMEND ENTERING SHORT HERE. IF IT BREAKS ABOVE, IT WILL GET TO NEW HIGH AND WE MIGHT CONSIDER LONG
Let it break above the previous high fractal then we will make a long.
Price has consolidated above monthly support at 112.00 with the weekly chart showing a strong hammer candlestick pattern signaling a reversal is soon due. Along with daily showing us a morning star pattern and bullish engulfing patterns, with a break above the daily trend line shown we are potentially looking at at 117.000 being the target as key weekly and...
For detailed commentary and discussion, please refer to our blog post published on 7/23/14: www.syncubate.com The bald eagle can fly, but US markets seem to put it to shame, flying even higher, with QQQ taking the lead. A National Symbol change may be in order here, but I digress. Since the mid-April lows just below $84, QQQ is now up over $14. Quite a run, no...
For detailed analysis, please see our blog post dated 7/20/14: www.syncubate.com A tug of war is in play here between the bulls and the bears. This is now the second time since the beginning of July that the 20 Day MA has served as a support on a pullback. Although Friday's trading action was no doubt bullish, -DMI is still poking its head up above +DMI, as...
The $240 area for TSLA has been a formidable resistance level both in the recent run up as well as back in March after the pullback from all time highs above $260, as noted on the chart. Today's candle may be indicative of a temporary relief in selling pressure, as bulls swept in and bought the stock at the lows just under $215 to close for the day at $219. If...
In reviewing the daily chart for Z, the strong uptrend since the middle of May has continued without any significant sell off. Note that there are several price levels to keep an eye on during any pullback, as noted on the chart. In the near term, the $140 and $130/$132 levels are support. The stock broke through $140 with conviction early last week after...
WWE has found a floor of support below $11 and has been trading between $11 and $12 for over a month. The $12 level is near term resistance, and price action seems to indicate that buyers want in more then they want out after the significant sell off in recent months. On a fundamental level, the company is struggling to prove the viability of its streaming...