AABA-Altaba-is the stock I sometimes trade as a proxy for-Alibaba. Above you will notice a harmonic pattern that closely resembles a bearish shark pattern. If I would insert the-S&P-500-Index (and not-AABA) the chart pattern would almost be the same. This strongly suggests a retest of the previous lows. A traditional bearish pattern in-AABA would have an...
Note: the stock has risen very sharply since I published October 9th, 2017. Back then, my original target was $170, which was obtained. If you are looking for a new target, my preliminary goal would be $200-$220. From a technical standpoint, Here are the positives for-BABA: 1. Currently multiple buy Fractals. 2. The top upper indicator is a 34 day moving...
In my opinion, CY-Cypress Semiconductor-is breaking out to the upside. From a technical standpoint, Here are the positives for-CY: 1. Currently multiple buy Fractals. 2. The top upper indicator is a 5/34 oscillator, and this is positive. Very strong. 3. The alligator is feeding in the uptrend. A very strong uptrend. 4. Prices are trading above the Ichimoku Cloud...
In my opinion the current technical condition for-INTC is strong and the underlying indicators should keep the current uptrend intact. The stock has outperformed the market over the last 60 trading days when compared to the-S&P-500. The alligator is confirming that the intermediate-term trend is bullish . The chart formation indicates a strong rising trend. Upside...
In my opinion the current technical condition for-SQ is strong and the underlying indicators should keep the current uptrend intact. The stock has outperformed the market over the last 50 trading days when compared to the-S&P-500. The alligator is confirming that the intermediate-term trend is bullish. The chart formation indicates a strong rising trend. Upside...
Note: the stock has risen very sharply since June. You may have to pull the chart down and adjust the right vertical (dollars per share) scale so you can see the price action. Since I recommended BABA-on June 7th the stock is up 58 points (48%). There is still likely to be "backing and filling", but I believe the up-trend in-BABA will continue for the rest of 2017...
In my opinion, MU-Micron Technology-is breaking out to the upside. From a technical standpoint, Here are the positives for-MU: 1. Currently multiple buy Fractals. 2. The top upper indicator is a 5/34 oscillator, and this is positive. Very strong. 3. The alligator is feeding in the uptrend. A very strong uptrend . 4. Prices are trading above the Ichimoku Cloud...
Since I recommended BABA-on June 7th the stock is up 20 points (17%). There is likely to be "backing and filling", but I believe the up-trend in-BABA will continue for the rest of 2017. If you are looking for a target, my preliminary goal would be $165-$170. From a technical standpoint, Here are the positives for-BABA: 1. Currently multiple buy Fractals. 2. The...
Many compare BABA-to-AMZN. From a technical standpoint, Here are the positives for-BABA: 1. Currently multiple buy Fractals. 2. The top upper indicator is a 34 day moving average, and this is positive. Very strong. 3. The alligator is feeding in the uptrend. 4. Prices are trading above the Ichimoku Cloud . 5. The Forward Momentum indicator (lower top) is strong....
I sold all of my positions in NVDA-last week. I have been positive on the stock for a long time, but something is developing in the chart above that concerns me. Look at the lower top indicator (AO). Please note that this has now put in place a 4th lower momentum top (red down arrow). The chop zone and chop (bottom two indicators), while still green, have lost...
Intelsat-SA-(I)-is a Luxembourg-based company that operates in the satellite services business. It provides communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations and Internet service providers. The...
Amkor-Technology-is a provider of outsourced semiconductor packaging and test services. Their packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services. The current...
NVDA-was recently slammed by short sellers. I took positions in the mid $90 range. In the past week I sold all of my positions, then bought them back and added more (after it dropped on Tuesday March 21). I think there is still big up-side potential. From a technical standpoint, Here are the positives: 1. Currently multiple buy Fractals (green up arrows). 2....
This is an update from my last PYPL-posting in late February. At that time I was bullish for the stock . The indicators I use remain very bullish (indicating continued strength with an upside breakout very likely). From a technical standpoint, here are the positives for-PYPL: 1. Currently a THREE buy Fractals (highlighted in green box). 2. The top upper...
GDX-indicators look very weak. Individual gold-miners also look very weak (KGC-HMY-EGO-GFI-GPL-HL-GORO). Most time horizon charts for-GDX are very negative. 1. There has been a complete breakdown in the uptrend. 2. Sell Fractal. 3. The top middle indicator is a 13 interval momentum of OHLC/4, and this has crossed the zero line down-wards. 4. The top...
I published a chart for-PYPL two months ago. At that time I was bullish for the stock. The indicators I use remain mostly bullish (indicating continued strength). From a technical standpoint, Here are the positives for-PYPL: 1. Currently a buy Fractal (highlighted in green box). 2. The top upper indicator is a 34 day moving average , and this is positive. Very...
Most of the indicators I follow suggest that GM-is about to surge higher. The top lower indicator (AO) has issued an upside reversal signal, as well as the top middle indicator. Shorter time horizon charts (one hour, two hour) are more bullish than this four hour chart. On a daily chart, the full stochastic indicator (14,3,3) bottomed on February 9th (in fact, a...
This is part two-the chart for-UUP. I believe the-US Dollar will show strength, thus, this is a negative for-XAUUSD. 1. The three top indicators are reversing to the upside. 2. Buy fractal. 3. Alligator appears to be opening in an up-trend. 4. Chop zone (under chart) has turned green. If you are long-XAUUSD-or-GDX, beware of-UUP strength. May all of your trades...