CLOU - ETF FOR THE FUTUREAfter the big drop in tech stocks in recent months, this etf, that follows cloud companies, is a very good investment option for those who look to the future...
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About Global X Cloud Computing ETF
Home page
Inception date
Apr 12, 2019
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
CLOU offers equity exposure to cloud computing firms. It holds firms that license and deliver software over the internet by subscription, provide a platform to create software via internet, provide virtualized computing via internet, own or manage data centers or make or distribute related hardware. Firms must have revenue of at least 50% from these activities to make the cut. The index also allows any firm that earns more than $500M from such actions, regardless of revenue percentage. Aggregate exposure to such firms is capped at 10%. The index selects firms across the cap spectrum and in developed and emerging markets. It applies no additional filters beyond those defining the space. Stocks are cap-weighted.
Classification
What's in the fund
Exposure type
Technology Services
Stock breakdown by region
Global X Cloud Computing ETF (CLOU)The Global X Cloud Computing ETF ran up 33 % from May 2021 to November 2021 and has given back nearly 90% of that gain.
Harmonically (Shark Pattern and ABCD) one could build as case for a pending reversal.
As this is a counter-trend trade I'd like to see evidence of a reverse both with momentum t
CLOUD reviewas per requested.
overall trend for CLOU is still uptrend..
as here we can see the market break above $29-30 and supported. (was previous resistance back on Dec)
BUT , we can see some divergence in MACD..
the high is getting higher, but in MACD, the high is getting lower ( can refer back what h
CLOU in UptrendCLOU
01/07/2021
Bounced from Demand Zone and heading to TP1.
If it can clear TP 1, there is ahigh possibility to hit TP2
Cloud computing looking goodI really like this ETF NASDAQ:CLOU and now is looking good. Is one of the leading tech industries due the higher demand for online solutions for everything, and I believe that is just getting started. It broke out of a symmetrical triangle with good buying volume and now is testing the 20 day MA w
$CLOU - volume before price + cup and handleI have some calls on this, it just struggles to break that $26 barrier. Once it breaks out, it should melt up with some significant gains.
MACD, Stochastic and ATR are all supportive indicators along with volume over the past 2 days. There is also a cup and handle sort of formation taking place rig
$CLOU - I think it's ready to go Have been waiting for this to cross 26 - however, 25.8 is the mark according to fib retracement
Watch for entry.
$CLOU - watch for the $26 breakWatching for entry when it breaks $26 and holds for an hour
Entering with call options
Panic sell to panic buy - the Cloud/SaaS ETFJust wow.
The Cloud/SaaS ETF went from a panic sale to a panic buy. It came happen both ways.
"CLOU" A Cloud ETF with Continued GainsGlobal X Cloud Computing ETF continues to take off as the broader market makes sideways or smaller increases in comparison. The price is very attractive at around $20 per share that offers exposure to Twilio "TWLO" 6.06%, Zscaler "ZS" 5.04%, Zoom Video "ZM" 4.57%, Coupa Software "COUP" 4.45%, Shopif
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Summarizing what the indicators are suggesting.
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Moving Averages
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Moving Averages
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Displays a symbol's price movements over previous years to identify recurring trends.