SLRK

SLRK Updated 

INTC like other growth stocks has retreated post US election turmoil and news on a Covid-19 vaccine. I see this as part of a wider selling of "stay at home stocks" vs. more value based names. Currently INTC is testing the March 2020 lows after gaping lower 2x on the past two earnings releases and is now trading well below its 200 and 50 EMA's. On a long term...

SLRK Updated 

NASDAQ:PYPL From a technical perspective this is an interesting one; After forming a double top the stock shows sign of a cup and handle pattern, although not a very clean one. Posting a strong post March 2020 rally, the stock fell into a range pattern in August and briefly dipping below the July earnings breakout levels before reaching a new all-time high on...

SLRK Updated 

NASDAQ:ADBE Although fundamentally strong ADBE has recently come under selling pressure despite of what I believe to be strong fundamentals of the stock. However the 2020 rebound rally might have led the stock too far too quick and its time for a bit of a breather. Two broken triangle/wedge formation on the downside and a strongly negative MACD suggest...

SLRK Updated 

Short Term Buy Stop $290 Stop loss $287 Take Profit $306 R/R ratio 3:1 Long Term I might carry the "Take profit" limit further out to $314 or higher if $300 shows resilient support. Happy to own the stock in the long term. Indicators to Watch Positive MACD crossover Medium term wedge broken and confirmed to the upside Testing Medium Term...

SLRK Updated 

I always liked Intel and AMD as they pretty much run a duopoly on processing power. Yes there are some key differences, intel produces its own chips vs. AMD using pre-manufactured ones etc. However pretty much any computer and mobile device uses either manufacturer. Coupled with a world is digitalizing at a staggering rate, chip producers are likely to have...

SLRK Updated 

NASDAQ:NFLX With Covid-19 cases on the rise again, some companies will profit more from upcoming lockdowns than others. I believe NFLX to be one of the companies that can profit from the current "stay-at-home" environment and I thus consider building a medium term position post Q3 earnings sell off, given the current support levels hold true. To me the...

SLRK Updated 

NASDAQ:MSFT The Monday sell off on October 26th and awaited earnings on the 27th could present a buying opportunity for what I call a defensive tech stock. The $200 mark represents a psychological as well as proven technical support level. I‘d consider two possible trades here; Trade 1: Long MSFT @ $200 Limit Order $200 Stop Loss $189 Take Profit...

SLRK Updated 

NASDAQ:AMZN AMZN has formed some interesting chart patterns recently that would indicate another move higher after the recent pullback. In addition fundamentals of the company look solid and the current retail environment seems to favor online over brick and mortar stores. According to IBKR there the analyst consensus price is set at $3'754 (+15.75%) with a...

SLRK Updated 

NASDAQ:INTC Potential to buy the dip trade in INTC post Q3 earnings if the 1y low around USD 45 holds true . Spot Price USD 46.29 Limit Price USD 45.00 Stop Loss USD 41.50 Take Profit USD 55.50 R/R ratio 3:1 Rationale: Fell through initial support at USD 48 post Q3 earnings USD 45 marks 1 year low, i.e. strong support level Tends to trade range bound...