Ronin_trader

Ronin_trader

The entire market and retail category crashed because of COVID panic but FLWS held strong for some reason. I think part of it has got to do with its profitability. Which seems to be a distraction to the larger slow down happening. With the increasing spread of the virus, businesses and their employees are going to be tighter with their wallets. We should see...

Ronin_trader

Price has already tested and broken the SR line once. Will enter short when price hits high RSI band but is below Green SR line and 200 EMA. Risk Reward is 1.67

Ronin_trader

The Entry My favourable entry would have been at 1856.5, however the current price at 1729.0 is a clear break down of the 0.382 fib level This is also tied to the overall bearish market direction and sentiment The Situation  Technology stocks have taken a beating and in light of the trade tensions and lower CN travellers, luxury stocks are in a very...

Ronin_trader Updated 

The Entry  The break of $600 a key resistance point as a nice whole number and as the Fibs 0.61 point ADL has been gradually rising and RSI is nicely at a 53% Will look to enter 1 hour after London opens today The R/R so far looks like a 1:1.5 ratio The Situation  With the close of Oct, money seems to be flowing back in the the markets Midterms are...

Ronin_trader Updated 

The Entry ALGN has had repeatedly good earnings and I believe last week's crash is an opportunity given the situation was largely driven by the broader market The Situation Entering trade because ALGN current price is nicely positioned above the 200MA line and is one of the few stocks that has managed to be in this position despite last weeks crash. ...

Ronin_trader Updated 

The Entry I wanted to enter on the 24 Sep, but was apprehensive as price was not near the resistance line. On the 25 Sep just around the open at 9.30am I realise that the price was near the resistance line and so I entered. I wonder if I should have waited till 11am where the market open rush would have normalised. The Situation I think price will go...

Ronin_trader Updated 

Entered a long trading again at the pullback that coincides with the NDXT index

Ronin_trader Updated 

Semiconductors are crucial to the development of tech consumer goods. The trade tariffs are predicted to contribute to in increasing prices of tech devices for US consumers. This will lead to lower consumer spending. Txn has broken 200 MA with new lows that is tied to above average trade volume vs the 30 day vol avg. 20% Account Risk 30% Margin used 3...

Ronin_trader Updated 

Alibaba's price dropped in the first hour alongside the market because of the trade fears. I took that as an opportunity as Tmall owned by Alibaba is also participating in the 618 mid year festival. The key difference is that Tmall has extended their sales to the region namely Hong Kong, Taiwan, Singapore and Australia. This means that in addition to China...

Ronin_trader Updated 

15 June JD.com had risen along side all major technology stocks including the NDXT. The Dow Jones however had dropped and this lead me to believe that people were exiting other categories and entering into technology as a safe haven. This could also be because of the trade wars chatter between US & CN that has lead to people leaving categories that had a reliance...

Ronin_trader Updated 

With internet video consumption increasing Netflix is in a pretty strong position with only potential positive news that can prop it up. Therefore a market wide tech dip is an opportunity for a short term trade to go long and sell at the previous high

Ronin_trader Updated 

Is used by Netflix, HBO, Hulu basically most IPTV providers. They are also the primary CDN provider for Netflix. With the increase of internet video consumption and the news around Streaming TV. There should be quite bit of hype that will allow us to ride Akamai. \u2028\u2028It also seems to be reacting better to the overall market movement with shallower dips and...

Ronin_trader Updated 

Spotted opportunity after NDXT pull back. Strong EPS, mid range PE vs industry, limited order entered close to resistance point Txn EPS:31.57 PE:3.68

Ronin_trader Updated 

It was between FFIV and VRSN but I picked FFIV because of the good upwards graph. Strong EPS and low average PE vs market. Unlike VRSN, it seems more possible to hit the highs as it's not new highs (This should be a key selector). FFIV PE 20.44 EPS 6.57 VRSN PE 30.93 EPS 4.52

Ronin_trader Updated 

NDXT - Nasdaq's top 100 Technology Index has finally broken through the range and is moving upwards. With this action I started looking for smaller strong tech companies that would also start moving. Companies that had <500k Volume, good PE & EPS numbers and of course positive news on the internet

Ronin_trader

Last Friday, overall tech stocks plunged due to a macro event where Robert Boroujerdi, global chief investment officer at Goldman Sachs, warned that low volatility in Facebook, Amazon.com, Apple, Microsoft and Google parent Alphabet may be blinding investors to risks such as cyclicality and regulation. Through this I identified a few major tech counters that...

Ronin_trader

Overall price had been going up since April before suddenly peaking and then plunging on the 10 May. I decided to continue shorting it if it broke it's previous low as Tripadvisor which seems to be their key holdings seemed to be going through a rough patch of slowing growth. Also Tripadvisor's move from being a booking company to just a travel review site also...

Ronin_trader

Company's biggest and best bet seems to be their 20% holdings in Tripadvisor. With Tripadvisor losing steam, I see the price action falling at least for a short while. Especially since there doesnt seem to be any reason for prices to increase. Cheers, Lucius Young