This stock is the most exotic thing that in my opinion has been even shown on US TV. Tencent is the massive technology conglomerate of China. I will just list some random things next: • Most used app • App has everything • Government involvement • Shady stuff • Owner suddenly selling all • Big holdings in other companies worlwide The stock is not listed in the...
When EA announced their earnings at the end of January, I expected a jump, but what occurred made me piss my pants. The stock price opened just below a previously speculated trend line. The resistance has held its ground and the gaming stock has retraced back below 125.00 level. So what is in for the future? The fundamental earnings jump has confirmed the...
Let’s start with feeding the bears. Microsoft stock might retrace further. On Friday it was slowing down near a support cluster near the 92.00 level, and closed the session below the monthly PP, standing exactly at the support line of the junior channel up pattern (black lines). That support lies there alone and passing that would feed the bears. Meanwhile, the...
The thing about Lockhead Martin is that most of their profit comes from government defense contracts = US kicking someone's ass. So the stock does not follow so much the rest of the market. *If you don't care about fundamentals skip the next part* Namely, while most stocks have encountered a technical resistance of the various high levels of this bear market and...
Just like on many other stock charts, the 3M has begun a decline because of encountering a resistance line of a long term trend (yellow line). The trend is best observable on the weekly chart. (Too bad that the resulting decline in a short term channel down pattern (black lines) erased the profits created by the beat earnings.) Before you read on, note that I am...
Looks like the Apple met with long term resistance. Just zoom out the chart and you will see that the yellow line represents a trend of high levels reached during this bull market, starting from 2009. Initially, I expected that the earnings beat would push through the resistance, and got that wrong.. The stock price bounced off it and formed a descending channel...
Did anyone try to track this thing with a parabolic model? If yes, drop me a PM or comment. First of all, what can I say about the markets? They are going up and look like they will continue to go up, but there is a but… As January began and companies started getting their cash back from whatever hell holes they had hidden them , the US Dollar dropped, and the...