Retail investing subreddit r/WallStreetBets has spun the short-squeeze-stock wheel this morning and it appears the arrow is landing on ROOT. The company is exploding on the subreddit in terms of comments, and the stock is moving in massive quantities. Some are making their exit as ROOT stock sees a boom and bust this morning, whereas others are buying in and...
Digital Realty with a classic example of retest of symmetrical triangle before a possible a continuation up. Formed a double top, pulled back to see if previous resistance would act as support and will possibly continue up from here. Keep this on your watchlist.
Upwork currently sitting in a huge ascending triangle on the daily w/ a double top. The last month and a half for Upwork has been a struggle with price continuing down but with price currently at support it gets my attention. Price closed up 5.84% on Friday with a huge engulfing which could confirm a rotation in trend. We also can see the MACD curling w/ the RSI...
Etsy’s shares rose last Thursday as the online arts-and-crafts retailer joined fellow Internet retailers in a continuing roller-coaster ride. Etsy recently traded at $213.12, up 5.4%, and has climbed about 9% in the past six months with plenty of ups and downs. Earlier this month, they reported better-than-expected second-quarter earnings, but provided a...
SoFi Technologies has received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75 It seems Sofi Technologies has be gaining as a platform, and members seem to be growing. The further development of their app and platform should increase user satisfaction and...
Disney looks like it’s ready for its next move on the daily chart. - Currently sitting on a volume shelf - About to break symmetrical triangle - Moving averages coming together - RSI above 50. - MACD curled. - Price closed on a bullish engulfing You couldn’t get more bullish than this. Keep this on your watchlist. - Factor Four
Agilent is a leader in life sciences, diagnostics and applied chemical markets. The company provides laboratories worldwide with instruments, services, consumables, applications and expertise, enabling customers to gain the insights they seek. Agilent's expertise and trusted collaboration give them the highest confidence in our solutions. Agilent focuses its...
Splunk looks like it’s ready to run here. Formed an inverse head and shoulders pattern on the daily chart. MACD above 2.5 RSI above 50. 50MA about to cross over the 200MA Keep this on your watchlist. - Factor Four
Lucid Group looking like it’s ready for its next move as it comes to the end of its symmetrical triangle. Price sitting on the 200MA MACD flat. RSI below 50. Wait for the break to the upside or downside before getting in. Keep this on your watchlist. - Factor Four
Nice break of descending on the daily chart. We could see a possible continuation run here. Keep your eyes on this one.
Nio forming a symmetrical triangle on the daily chart. Sitting right at upwards support could give great RR ratio. MACD getting ready to curl while the RSI is trying to push above 50. Keep this on your watchlist. - Factor Four
Roku has lost one-quarter of its value in less than a month. It cost $476 a share on July 19. Now it’s at $351. Even at that price, you’re paying 207x earnings, or 20x revenue. Roku stock fell after earnings. Operating income also fell from the previous quarter to $69 million. Those numbers beat estimates, but user growth was seen as slow. For many people who...
A lot has happened to Spotify during the last year. The stock soared over 165% and reached $364 in February. Since then, the stock price has declined by over 40% since. Spotify continues its global dominance, adding 27 million net subscribers between Q1 2020 and Q1 2021, more than any other single service. However, it lost two points of market share over the...
3D System sitting in a nice ascending triangle on the daily chart here. MACD curling with the RSI sitting above 50. You might want to keep your eyes on this stock.
Lemonade is trying to disrupt the traditional insurance market with an all-in-one AI-powered app that insures customers within 90 seconds. This approach, which bypasses the byzantine process of buying insurance plans has made it a popular platform for younger and first-time insurance buyers. Lemonade also faces similar tech-forward competitors in the online...
DIDI’s app remains online for its existing users in China but the suspension on new downloads and registrations could throttle its near-term growth. Therefore, the biggest challenges for DIDI personally I believe will be to bring its app back online, comply with China's new cybersecurity, data privacy, and labor regulations, and allay investors' fears about a...
Roblox Corp stock has gained over 20.01% since Wednesday, March 10, 2021 when RBLX began trading. The average rating from Wall Street analysts is a Buy. In addition to the average rating from Wall Street analyst, RBLX stock has a mean target price of $87.60. But in saying that, the stock has formed a falling wedge on the daily chart with a possible retest before...
Price broke out of falling wedge last week. We could be simply seeing a retest before a continuation up. Price closed on a bullish hammer on Friday. MACD curling & RSI about to go above 50. Keep this on your watchlist. - Factor Four