RTSI from way oversold and SPX overbought, now changing places
We are on strong resistance on INCY/SPX RSI shows signs for reversal, waiting for breakthouth for buying
Massive oversold, near at bottom of historic channel
Regn to NDX between two strong support line
we are on strong support than played several times both as support and as resistence
Today we saw strongest rebound from 487 back near to 500, so, bullish hammer on 4h/day Strong oversold (RSI, Bollinger bands 4h) Convergence (buyers intrest growing for some time ) Fine fundamental (13 pe forward) News: we need to treat covid some how( covid cases surge)
CRM possible downside is 10%, relying on CRM/NDX dynamics. It this point we aim both -most recent horizontal support line -lower bound of ascending channel
155 seems most probable level: -weekly MA -30% correction level is basic for splunk
Lets take a look to NDX/RSP We can see how RSI downtrend momentum slows down Also on DMI we can see, how uptrend movement tends to lift its head up We probably will see new NDX highs
BTC/GOLD. We can see pretty blind levels of btc/gold valuation. I think it is important metric, because bitcoin is digital gold kinda) He have passed important level recently without struggling resistence. My guess we will see pullback to test support I am not sure about exact level, probably 10% lower from now, 16k +-
AMAT oversold to other semiconductors, time to go short or wait for good entrance
1) MAIL.ru starts to be possesed in MSCI index 2) MAIL in bottom of channel relative to IMOEX
as we see, 40% of drawdown is ok for this company
Let's see into dxcm to IHI (med tech) story It can teach us not to believe in hype around diabeties devices Is still great company to own, i think, it is just matter of price
from technical/statistical point of view SEDG has 20% of possible downside relative based on relative analisis with other solar stocks Investors was way too optimistic, all solars are overvaluated, SEDG is one of top 5 for sure company is overbought on rumors, going much deeper on facts
So, share of "lithium" in top technologies is rising Argments: -Strong eco and anitcarbon trends (look energy XLE) -EV part rising, EV gorvernment programs -battaries is main part of EV and lithium is mainstream of battaries. Even with hydrogen technologies, lithium is bottleneck in EV tech