There is an interesting decline in VIPS, and the lows fall along a gentle curve with a strong declining trend marking the top of the movement. It has broken out, retested and continues to move higher in a tight trend. It might be a safe time to start building a position. This is not investment advice. Consult a financial planner before making any investment...
Many are asking if the sell-off in Chinese stocks has stopped after the last two weeks' beatings. It looks like they are for now, or with moderate downside in the next 5-10 trading days. Looking at SOHU, it lost nearly 30% of its value in two weeks. Looking at the long term chart, SOHU can lose about 17% from its current price to reach the bottom of a...
Blackberry reported fair to poor earnings on 6/23. (.05) per share, but reaffirmed guidance on software. Revenues improved in software, but lower than expected overall. Company convinced it still needs to make phones, even though they have no traction there currently. Software and IoT force in the near to intermediate term. Stock hit resistance and dropped...
Broke 35-day downtrend New upward trend channel forming Bullish MACD crossover on daily chart Stochastics turning up strongly Accumulation turning upward Big daily volume toward bottom Should pull back and then continue higher (wait for trend confirmation)
The SPY is overbought, and is about to decline. Seems like a longer term reversal will be in place. This is a natural adjustment to the interest rate environment. Following the link related to this idea, you'll see a further explanation using the Shiller CAPE Index Plot that is frequently updated on his Irrational Exuberance website. My target price is 180 over...
Consolidation with reversal pattern. If earning or news is positive, expect high 200's, low 300's.
GENE consolidated and is moving higher along an arc-shaped path. Watch for further upward movement. Also, if it breaks down below the arc, could be a strong sell, but seems more like a buy to me.
With FireEye and Cyber very hot, and Raytheon buying WebSense, Blackberry looks cheap and very buyable. CEO John Chen wants to build BBRY to a bigger company (20.00+/share), but a 16.00 offer is viable. Majority shareholders could push hard enough to give in. I'd like to see BBRY get more partnerships that make it indispensable. Ultimately should be worth...
See notes on chart. Cyber Security is hot.
Notes on chart. Apple in consolidation and moving around the 126.00 mark. Expect a push toward 129.00 before earnings, and a +/- 7.00 move. The big question: is Apple really worth $726B or more? Less?
See notes on chart. Widening Bollinger Bands lead to heavy up-moves before a strong pull-back. Look for significant upside before a crash.
Notes on chart. Radian has been somewhat beleaguered until recently. Now it's heading higher on loose monetary policy statement. With some volume this week, could go much higher. Target 20.00 in 3 months.
Notes on chart. GPRO close to breaking out, but not in sync yet. Might need a swift pullback to get some of the technicals to align. BBs are tight and trying to expand.