PRTY - Potential Bottom Swing PlayParty City is in no way sheltered from the current state of things. Most stores are probably shut down, but with all the increased buying I believe we have hit a bottom and can break up to an upper channel off its most recent move.
I do not have any shares of PRTY but will be looking on monday to buy in the area of 0.58-0.61 if I get the chance. First price target is 1.18 and depending on how strong the move is, I may ride some up to 1.66.
This is only a swing idea, I am not necessarily bullish on PRTY, but I do believe in the swing potential setup here.
Bottom
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LONG - BNB - Trading OpportunityLooking into a possible reversal for BINANCE:BNBBTC , perfect bounce from a support that has only been touched twice in more than a year, with a huge multiple bullish divergence on the 12h chart and even the daily. This is honestly looking like the possible bottom for BNB mid-term.
Entry: 0.001700
Target 1: 0.0019583
Target 2: 0.0020798
SL: 0.0016239
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Have We Actually Hit the Bottom Yet?Have we hit the bottom yet? Weekly 200MA which many people use point towards a double bottom test that we have had, yet other indicators which I believe are more useful in showing accumulation zones show that March's drop to 4k was not actually a second accumulation zone.
You can check out this chart I have uploaded.... ibb.co
CVDD and Balanced Price are really good indicators showing us where the market has bottomed. It does not appear to show a second accumulation bottom which the weekly 200MA does indeed show. Staying in the 4.2-4.5k zone for a short period of time I believe will be the true bottom.
Where is the ETH Generational Bottom?Are we going to shakeout the strongest hands before the moon mission? I like fractals and I have done numerous analysis that says the bottom is not yet in and this is something I just uncovered. Would be really interesting to see this play out. Let me know what you think!
Anything is possible with a low floatWait for breakout of long term downtrend
we can see big weekly accumulation
lot of gaps to fill on the daily
Shs Float 28.61M
Short Float 5.18%
Insider Own 17.50%
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Todays' jump:
* announced that Maurizio Nicolelli, Chief Financial Officer, has notified the company of his intention to resign to pursue a CFO opportunity outside of the communications technology industry. Mr. Nicolelli has agreed to assist in the orderly transition of his CFO responsibilities and will remain with the company until January 31, 2020.
* Raising its fiscal year 2019 GAAP revenue guidance range from $255 million to $270 million to $275 million to $280 million. The Company also expects to meet or exceed its fiscal year 2019 guidance for gross margin, adjusted EBITDA, and GAAP and non-GAAP diluted net loss per share previously provided in the Company’s earnings release for the quarter ended September 30, 2019.
American Airlines AAL long. This is similar to Delta airlines. Very possible to swing up. High probability. Needs patience. They got funding. They have crappy debt. No cash on hand. And financials aren’t so great. But they are America’s airline. And they are the worlds largest airline. America won’t let this airline fail. At 10$ it’s a steal. Check out YouTube for the CEO talking about the funding they received from the government.
USOIL - This is the bottom!Hello everyone, first of all what a time to be a trader and investor! USOIL has reached the lowest support levels it has ever reached in history! We have 3 level to look out for the big bottom. The first is 13.60, which we have already hit. The thing is that I think that we have a little bit more space to move to the downside, judging by the RSI. I think the most likely supports for the bottom are on the chart, these are supports, that have been previous bottoms and I really doubt we will reach bellow 10$. I do think that the bottom is going to be today, because with this much selling, I just don't see a big player or anyone selling at -25%, given the price we are right now. This is just my opinion, I think that even if you buy now, in a year time, everyone will envy our chance to buy at 13.80$ WTI.
SPY-Closing on resistance , AlphaOverBeta Market OutlookMarket Outlook 19.04.2020
The S&P 500 gained 2.7% last week ending the week at 287.5, very close to the next resistance of 290, as more and more countries around the world reach deep into the government pockets to get the much-needed funds to get the world economy going once again.
The next quarter is going to be much about the companies earning report and the economic contraction in many countries, the news from China is -6.5% contraction, for the first time in at least two decades.
AlphOverBeta Next Week Forecast
The next week is going to be a tougher fight between the bottom callers and the more optimistic voices in the market, as two powers are pulling the market to both sides the suffering economy on one hand and the stimulus packages that support it on the other, the US government reacted fast and with big money and at least in the short term its working and the market is moving forward.
Our models support the more optimistic side of the fight with a 290 target for SPY in the near future that will be followed by a correction and then another leg up.
Are we in a stock market bubble?
Stock market bubbles are created when assets are overpriced, way and beyond their fair value. Examining equity prices under the economic conditions we might say that last week's move inflated prices way over their fair value.
Current indices are now less than 20% down from the all-time high, that's out of bearish territory that was declared only two weeks ago.
So which prices are fair value? The - 35% bottom made three weeks ago?
Or the current prices which are only 20% off the all-time high?
We are in a fed created bubble.. again.
As the fed was trying to stabilize the economy they threw money at the problem which ultimately finds its way to equities and bond markets.
Trade Smartly,
Alon, AlphaOverBeta