Trading Idea - #ExactSciencesSELL
ENTRY: 96.50 USD
TARGET: 71.71 USD (26% profit)
STOP: 111.30
Exact Sciences Corporation is a cancer screening and diagnosis company. The company focuses on the early detection and prevention of several forms of cancer.
1.) The price broke within few days through 3 support areas! CAUTION!
2.) The profitability of business activity is a major weakness of the company.
3.) The ratio of "company value to sales" places the company among the world's most expensive companies. Oberbought?
4.) The only positive thing I can say here, is that the share price is starting a mini-consolidation around the 97.50 USD support zone. I am afraid that this will not last for long time...
How Twitter posts influence BTC.Hello trading view friends.
Today i'm going post a technical reflection on how posts on social networks like Twitter are negatively and dangerously influencing cryptocurrencies.
Today, Elon Musk and Michael Saylor bilionaries posted conversations about Bitcoin mining and sustainable energy on their social networks.
The price instantly rose more than 5% for bitcoin and took the entire market up in a matter of minutes.
Immediately the price of Bitcoin went against most short-term technical analysis and broke resistances even with indicators pointing to overbought after a very strong recovery movement after the weekend.
My good sense tells me to look very carefully, because the way things are going, technical analysis is no longer needed.
Just follow some personalities on social networks who are manipulating prices and thus obtain your profit.
$TWTR Update - Reversal ConfirmationMACD Reversal confirmed as well as increasing relative strength I believe will allow this to continue trading towards the $65 range, my first price target where I will trim position. Depending on whether it can break this channel assuming the top of the trading range is reached, I would put a second price target of near $70 if it can break above the $65 Level.
Entered this one a little too early, but respected my stop loss and let it ride out for a week or so.
Elon- Please STOP being a prick ffs!!!I rest my case, the guy has gone from genius to nutcase in a few days.
The story:
The cryptocurrency market continues to baffle. More specifically – everything that Elon Musk tweets about, regardless of whether it actually has any relation to cryptocurrencies – seems to have an impact.
The case in point is a cryptocurrency called Starbase Token, carrying the STAR ticker.
According to the project’s official website, it represents a “blockchain token-based crowdfunding/sourcing platform.” In essence, it’s a place where startups can raise funds by issuing tokens.
Its native token, which was trading at around $0.002 at the beginning of May, reached a price of $0.30 today, according to DEXTools. The 24-hour volume, at the time of this writing, sits at $3.7 million.
From today’s low to today’s high, the price increased by a total of 6,000% before retracing to its current levels.
the not so amused FXPROFESSOR
#TWTR bouncing off March 20 trendlineNo denying that the trendline that twitter has bounced from after its recent results is a very important level. This has been uptrend support since the stock bottomed at the onset of the Pandemic in March 2020. Tomorrow will be day 3 after the results announcement and if we can see the stock hold above this all important trendline by the end of 4th May session, it sets up quite a an interesting long trade with a stop as a closure below this trendline.
DOGECOIN TO $1.00?! - BULLISH ANALYSISAs shown in the chart, Doge is currently holding above a strong uptrend line and bounced off a support level around $0.37.
I also ran my Fibonacci tool from the most recent swing low at $0.158 to the swing high at $0.74. Price was in between the 0.5, 0.618 golden zone.
If you zoom into the 1h chart, you can see a double bottom pattern as well with both points bouncing off the 0.37 support level.
Not only was there a double bottom pattern, Elon sent out his tweet that day on May 13/2021 mentioning that he's working with Doge devs. Price then pumped to $0.50+.
Despite all the crap Elon talked about Doge on SNL and the following dump in price, I did not think price would fall below the $0.35-$0.40 area, so it was a definite buy.
TWITTER do not miss this long opportunityTwitter reacted pretty good on the last couple days of the QQQ sell off. It dropped bellow the major trendline since March 2020. My idea is that the drop bellow the trendline is fake brakeout and this is a way to scare all weak buyers on the trendline. My prediction is that from here Twitter is heading to a new all time high. Follow me for more ideas.
Trading Idea - #Robloxshort-term BUY: Entry 67.90 /Target: 73.80 / Stop: 63.20
mid-term SELL: Entry 73.84 /Target: 59.40 / Stop: 87.38
Roblox offers a platform powered by user-generated content that is inspired by games, entertainment, social media, and even toys. All users of the Roblox platform have identities in the form of avatars that enable them to interact and express themselves as whoever or whatever they want to be.
The company will publish its results for Q1 2021 on May 10, 2021. In the latest earnings releases, the company’s results were below estimates.
A retracement in Twitter is an opportunityTwitter's earnings came in below consensus forecast which saw a 15% drop in the share price. Its a stock that has had a disappointing long term performance with a history of upsets in its results. The question is do we buy it at the current price or should we expect further downside?
Trading signal
The signals suggest that Twitter is oversold. It should start to appreciate in price over the coming week. The fall in price is also at the support's trend line. Even if it breaks lower, at these levels its a great opportunity.
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Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.