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Technology

Netflix: More upside potential. $700 realistic before profit-takNFLX is trading on a long term Channel Up on the 1W chart (log scale) since early 2013. Despite being overbought (RSI = 79.335, MACD = 45.450, ADX = 45.358, CCI = 303.3862) with the earning approaching, Netflix has still room to grow before the next selling wave within the Channel takes place. Both the LMACD and RSI are on levels where the price previously posted one last run to the Channel's Higher High, before it hit the Resistance Zone (red ray) and pulled back. We have a Target Zone for NFLX within 700 - 800.00. It is beneficial to add here that these long-term projections on NFLX have been particularly useful to our strategy. See our previous trading call on this stock in September 2019 when the price was trading at $260. The price is now more than double and approaching our (then) target of $650: ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:NFLXLong
by InvestingScope
2
Twitter: Emerging Golden and MACD cross. Bullish mix.TWTR was rejected yesterday on the 37.00 Resistance which was the June 8th High. The 1D chart remains bullish (RSI = 63.007, MACD = 0.470, ADX = 33.487), the MACD made a bullish cross and the MA50 is about to cross over the MA200 (Golden Cross). This is a very bullish mix for Twitter and we encourage investors to buy either if the Resistance breaks, or on the next pull back to the 1D MA200. Our Target is 42.00. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:TWTRLong
by InvestingScope
Amazon: Achieved our 1 year Target. Expect a pull back on 1W.In February while the price was still $2,000 we issued a buy recommendation on AMZN to $2,800 - 3,200: In fact we were after the $3,000 target since December 2018 while Amazon was almost half of what it is trading at now: We are at the top of that Target Zone now and the 1W chart is once again showing exhaustion signals. It is not the overbought technicals (RSI = 84.087, MACD = 241.970, ADX = 60.038), but primarily the fact that the RSI has entered the red exhaustion zone which in July 2015 called for a pull back and two month consolidation. Our suggestion is to buy next month again and target 3,500 - 3,890. That is where we expect the next pull back (to the 1W MA50 potentially) to take place. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:AMZN
by InvestingScope
2
Not done yet - the Tech storyTech is still driving markets, valuations and sentiments up. Little doubt about it. This is also the only pillar holding the market up, as other sectors lag behind in a straggling manner that almost appears unwilling. Technically, the daily chart is Bullish, as is the weekly chart. In fact, it is so bullish that one might expect a breakout of an ascending triangle! Warning is to watch for the reversal and break down back into the triangle, as this is likely to fall out on the other end... downwards. The chart is marked for potential resistance and turning points, both in price and MACD. Meanwhile, (very cautiously) bullish for this week, make hay while the sun shines....
CME_MINI:NQ1!
by Auguraltrader
2
Microsoft Vs other major asset classesThe chart depicts the percentage rise in value of Microsoft Shares vs. other major assets like Gold, Silver, Platinum, Palladium, Barrack Gold that are generally considered to be safe heavens. There is a reason why investors do not go all out into these safe heaven. The questions is this: Is it time to put your money into Microsoft and Tesla or should we wait now. Have we missed out the train? Has the era of Technology about to end like the dot com bubble?
NASDAQ:MSFTLong
by SyedNHashmi
Early earnings blowouts point higher for semiconductorsWe've now had a blowout earnings report from $MU, in which EPS beat by 11%, sales by 3%, and guidance by 24%(!). We also got guidance from XLNX yesterday that suggested its revenue will be about 5% higher than previously expected, above the high end of its previous range. This suggests that analysts are underestimating the sector's performance as we head into Q2 earnings season in mid-July. It also suggests that semiconductors will have far more forward visibility than most sectors, with 100% of companies so far providing guidance. Semiconductors usually are one of the strongest sectors on earnings, beating estimates at a much higher-than-average rate. Amidst the pandemic, there's been strong demand for mobile, home computing, and datacenter usage due to people working from home, so the sector has performed well. Granted, these stocks mostly aren't cheap; but investors are paying premiums for a reason. I expect the sector will outperform through the end of July. Those who've been following my posts know that my positioning is mostly defensive: I'm heavy on utilities and consumer staples. Semiconductors have the virtue of being a bit defensive, in that they're relatively insulated against pandemic impact, while also having extraordinarily high growth potential. Historically, SOXX has considerably outperformed the S&P 500.
NASDAQ:SOXXLong
by ChristopherCarrollSmith
4
The KLCI almost tracks in parallel to the S&P to the fit!Instead of using the DJ Index to correlate to the KLCI, I now use the SPX, Standard and Poor Index to forecast next day market performance. I also use such indexes, in this case, the NASDAQ to learn what sector/Industry would be my Thematic Trend! Malaysia is fortunate to be a significant semicon manufacturer player comparable to Taiwan, Japan, Korea and now, China a minted player but still needed to import its consumption demand from it neighbouring Asian manufacturer. The Chart do show Technology might be the next wave to play.
FTSEMYX:FBMKLCILong
by esac6592
Akoustis Tech starting a solid uptrend after sym. triangleHello Traders! The price of Akoustis Tech. recently broke out of a symmetrical triangle pattern bullishly. The 50 SMA crossing over the other MAs with high momentum and the MACD crossing over the 9 EMA are strong bullish signals. The RSI is a good bit away from being oversold, so nothing speaks against the beginning of a strong uptrend. I suspect the 200 SMA to reassume its role as a reliable support/resistance like it did in the past, so make sure to go for a long the next time the price comes close to the 200 SMA! VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
ALong
by vf_investment
Nasdaq sell Nasdaq has created an all time high, but with the US not taking Coronavirus lightly and with the BLM protests and Trade war in place all fundamental news - with this, technology stocks have seen incredible growth but has the growth paused or now come to an end and needs retracing? What can we see technically? - Daily bearish but breaking momentum short has now broken 10,000 level. - Monthly supply has now formed with all time record high. - bounce from the demand zone to create a new high. - We have a strong weekly rejection candle - we had some good indecision candles on the daily Where to enter? Follow your plan we entered at 10053 as we could see these zones lining up with our analysis we have further sell limits at 10,350 All trades risk free Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Many thanks for your support to our existing and new followers. Take care out there. Thanks, Team Lupa.
OANDA:NAS100USDShort
by LupaCapital
Falling star candlestick suggests QQQ may pull backThe technology-heavy Nasdaq index has been greatly outperforming the S&P 500, as investors flee to the relative safe haven of technology stocks. However, tech stocks have gotten fairly expensive, and it's hard to see more investors piling into companies like Apple or Microsoft as these companies close their retail locations. I think tech will continue to outperform other sectors like banks, travel, and energy, but it's still probably due a good 10% pullback from here. In terms of technicals, we got a falling star candlestick on the weekly chart and what looks like a fairly large bearish divergence. The daily chart also shows bear divergence: Tech might return to strength during the mid-July earnings season. Tech companies tend to outperform analyst earnings expectations, and early guidance has so far looked good. Meanwhile, there could be slaughter in other sectors as companies loaded with debt offer weak guidance for the year ahead. Thus, I will treat a Nasdaq pullback in the next two weeks as an opportunity to buy into earnings season. I'll probably focus on some tech sector-specific ETFs like SOXX and EWCO.
NASDAQ:QQQ
by ChristopherCarrollSmith
3