ser64
Quick little trade here for a ~$0.75 (5%) gain. Maybe worth a scalp :)
Fundamentally, MRVL is looking good. Some technical weakness over the last month has provided a good buying opportunity. The left-hand projection is the exact retracement (slope and rate of change) of the move down to current levels. The right-hand projection is the exact retracement of the previous move from the current price level to the $28.35 high on this...
Watch for a breakdown below $47 for the short or put to be profitable. Market-wide rotation out of unprofitable growth should continue for a few weeks.
Approximately a 7-15% upside channel on IBM plus a 4.8% dividend yield. You're looking a pretty good entry point here.
Technically looking good and MACD reading bullish so it might break out of the 36-40 channel its currently in. Forming a cup and handle pattern and will look to fill the gap up to 48 and 55.
$TDOC is showing a comeback and I'm looking to go long again. Broke out over $72 resistance, 50-day EMA crossed over 200-day EMA. I'd watch the MACD and the RSI because they are showing short-term bearish signals. I'd wait a few days to see how the price acts.
Looking at $NTNX to fill these gaps as analysts reset price targets as they move more into the subscription revenue model and comps get easier.
$GS breaking out? It broke over the $210 resistance a second time. The last time this happened was after an earnings surprise and then it got brought down with the rest of the market. A breakout over $220 would confirm. The 50-day EMA is trending up and about to cross the 200-day EMA as well. Looking for a channel to be filled up to $240 or up to $275 (depending...
$FUN broke out over the $56.5 resistance level and the 50-day EMA is approaching the 200-day EMA. I will be looking to open a position at that $56.5 level BUT I'd be careful about buying just yet because RSI is reading overbought and the MACD looks to be topping out. I think this will consolidate over the next week or two and if stock can hold around that $56.5...
50-day EMA recently crossed over the 200-day EMA. Just broke out over the $34 fib level. I'd have a price target of $43 near the top of the $8 channel and the fib Strong fundamentals, paying down debt, ~6% dividend yield. Definitely a buy. Looking to fill the $9 channel to $43.
I'm looking for SPLK to bounce off the $110 level and then fill the $20-30 (+18-28%) channel over the next 3-6 months.
SHOP seems to be following the same pattern up and to the right. Obviously this can only happen for so long but given current macro consumer trends, I think this run will continue. The pattern that has played out most of this year seems to be continuing. A sharp move up is followed by a sideways consolidation for 6-8 weeks before another leg up.
Fundamentals look good, EV to Mkt Cap is <1, new releases looking popular, technical setup is attractive. This would be a 1-2 year long for me. I'd be looking to pull out half at $64 and the rest at $84.
Long-term ascending triangle pattern formed. Fundamentally strong after recent quarter. Longer term, definitely a buy. Shorter term, I'd be looking to trade an upswing with an entry at $150, stop at $140, pull off half at $160 for the $10 channel, and pull out the rest at $167-170 for the $17-20 channel.
Double or triple top the last 2 years. Downtrend seems to be continuing with trade concerns. Looking at a long-term short with channels down at -8, -15, and -20.
$VZ looking ready for breakout after recent consolidation. Looking for another ~25% out of the stock in the next 6-10 months assuming it follows a similar pattern as it has since 2016. It also has a 4% dividend yield.
$PYPL has bounced off this exact support at $106 and gone to $114 each time at about the same velocity before consolidating. The last time the stock dropped below this support and broke out over it, made a move up to $117. I'd be looking to scalp this up to $114.
I initially thought this was a descending triangle pattern and considered a short. But after the earnings on 6/6/19, the initial move was downward was unable to hold and the stock moved back over my $50 support line. Because the stock did not continue to break down, I believe this is only a consolidation and the stock is waiting for a catalyst to bring it higher...