Streaming
Comcast bounce potentialI'm seeing lots of call-buying in Comcast (CMCSA) today, partly because it has fallen to a support level, and partly because of news that the company will invest 2 billion dollars in a streaming service in partnership with NBC to compete with Disney, Hulu, and Netflix. Honestly this is a crowded space, Comcast may be too late to the game, and profitability for the service is still five years away, but hype around the new streaming service could still buoy the stock this week. Comcast has a 7.7/10 analyst summary score and a 2% dividend return. The stock tends to beat earnings estimates and has a reasonable P/E of about 16.
Can EROS Run Again?Still well below its previous gap down. Lots of attention on streaming entertainment with new peeps coming online like HBO, DIS and others.
"The company stated that Dolby Vision and Dolby Atmos are now going to be made available on the platform for a better experience for all its subscribers. This resulted in a significant spike in the stock as investors believed the festive season in India would help the company in bringing in more subscribers. The stock has rallied by as much as 78% over the past two weeks. Furthermore, speculation may or may not play a roll as the company is slated to report Q2 fiscal 2020 earnings on November 15th."
Earnings catalyst?
MORE INFO: 5 Penny Stocks to Buy Before Next Month?
EROS a mid-to-long-term gap fill candidate with earnings Oct 8EROS is a Bollywood production company making big moves to try to dominate India's booming streaming market. Eros recently went on a 200% run after signing several major streaming contracts, including a deal with Microsoft to stream Eros content on the Azure platform. The stock price then cut in half as it first pulled back from overbought territory, then broke down even further on news that the company took on a $27.5 million debt due in 2020.
(This is something that often happens after announcement of a new product offering: the stock price initially shoots up, then breaks down on news of a new shares or senior notes offering to raise capital for manufacturing or marketing the new product. Shorting cash-poor companies after a big product announcement runs up the stock price wouldn't be a bad strategy.)
Anyway, for the moment Eros has found a floor around 1.80. It has support from there all the way down to about 1.14, with the strongest support nodes around 1.65 and 1.32. This is a decent time to take a small position for a mid-term swing. The stock is likely to get further news boosts as it implements its streaming deals and launches its content on the various platforms.
One short-term risk is the earnings report on October 8. Eros is reporting earnings later than usual, which often bodes ill for earnings results. (Late earnings tend to be worse than expected, whereas early earnings tend to be better than expected.) If Eros's earnings miss, the stock is likely to break down to one of its lower support levels-- perhaps even the very bottom of the support range. I would look at that as an entry opportunity. So if you do take a small position now, save enough cash to at least triple the size of the position after earnings if the price breaks down.
In the event that Eros beats earnings and/or begins to run up again on implementation news, it's got plenty of room to run. 3.00, 4.00, and 5.00 are all conceivable in the mid-term. In the longer term, this stock has the potential to break out above 5.49 and then very quickly fill the gap up to 7.23.
(For weekly news and educational videos, check out my new YouTube show, Wall Street Petting Zoo!)
Watching ROKUWatching for ROKU to fall into the $93-$83 range. Here I will look at the lower time frames for a complete 5 wave structure within wave v.
Even considering a larger correction to play out, like and ABC flat or triangle, the next move is up. The .618 fib is the perfect spot to find support with the current wave structure.
I will decide at the time how to play this - likely a vertical options spread.
Roku's Fibonacci drop analysisTechnical analysis
OBV keeps a steady uptrend, surprisingly... Since its price has dropped about 40%.
Fibonacci retracement has its 61.8% line at $102.
We are at a SMA(100) support.
Market moving out of growth, into value.
Moving market news
Pivotal research downgrades to $60 (SELL).
Comcast (CMCSA) is gifting its streaming box, it was selling it before at $5.
Note
* Keeping a tight stop limit, there is a great risk reward ratio.
Disney the Netflix Killer?I can't see Disney taking meaningful shares from Netflix but
the chart is rather bullish
Break out & gap up after good earnings (announcement of Disney plus)
Stock has been consolidating for a few months, since gap up
Trading between the low $130s, high $140s.
A break above $140 and this can potentially hit $200.
Douyu first earnings reportThis coming Tuesday 13th, Douyu will report earnings for the first time.
DOYU is 28% below its IPO price.
Buyers probably won't let DOYU continue to slide.
Roku (ROKU) priced for a move of 16.5%Roku (ROKU) August weekly 101 straddle priced for a move of 16.5% into the expected release of quarterly results after the bell on August 7th 2019.
What is a straddle:
A straddle entails buying a call and put of the same strike that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.
*Trading a stock after earnings is less risky, and could prove to be a great idea to buy dips. / Instead of buying pre-earnings.
Gold Plans and resultsAs discussed live on the stream we called this gold move after awaiting a support creation.
come and join us for free education, chart assistance, questions answered and above all watch how we mark up charts and trade live.
NFLX looking for 15%+ down slide in coming days.This is a most perfect wolfewave pattern and the reason why I am trading it. Today's volume was moot point but the wave structure is absolute perfect and so is timing.
I am predicting >15% slide in the coming few days... it could be blood bath on the wallstreet.
BTCUSD Stream Analysis October 18As discussed on the October 18 IML TV Stream, the market is currently signalling further potential for downside movement.
There are many factors influencing this such as investors who are still holding onto reduced profits who got in the market early 2017, traders who are in drawdown from investing at the beginning months of 2018 and also a massive amount of uncertainty right now throughout the entire space on what the next steps are for the industry.
We are trading at a key structure level, below a quarter point of 6750 and have been consolidating right near the critical level of break-even profitability for miners maintaining the integrity of the bitcoin blockchain.
It would be of no surprise to me to see prices move lower towards the 5500 level. Check out the October 18 recording on the TradeHouse cryptochannel for more insight on this chart analysis as we will walk through it together!
Cup of Tea, Anyone? PT: $57Market top value line has historically been around $45 for Roku since its first IPO quarterly report. The hype was real and the price collapsed, only to rebound once again before the next call, at which point everyone realized things took off too high, too fast.
I'm sure we can all remember the long, straight road down, back towards a normalized, long term, average trend line. Lockup period also expired and things just kept going. As it percolated in the low $30s, some good bits of news for the company bumped it here and there, but the volatility of the last 6 months also had its toll on the price.
After the latest call, Roku impressed with its numbers, its move towards revenue as an ad platform (via Roku Channel) and its plans for growth the rest of the year. It's a domestic company, social, entertainment and free of tariffs for now, so the road ahead looks clear. The same trend line upwards has repeated for a third time during this long term Cup And Handle pattern. The handle itself has formed very well and maintained above the desired levels. I would personally shoot for starting a position around $43. It could dip as low $40 before the march upwards begins, so prepare accordingly. Volume has been steadily increasing since May.
The traditional breakout upwards seems to lineup for sometime next week, or the week after. Once it starts, the channel upwards towards $55+ is clear and coincides perfectly with the estimated future earnings call on August 8th. On heavy volume, it could reach $60 close to the call date. Tariff drama should be behind us by the end of the month, which would help market sentiment and momentum and further rally ROKU towards some nice gains. If you're holding this since the $30s, stay LONG. This is a gem of a streaming service that has massive adoption because of its low price point and ease of use.
Fallen, Not Beaten - Media Player for the Masses (PT $38)Roku had an insane path up to its all-time high. I knew of the product and its popularity and had set a PT of $35 for when it made its first post-IPO earnings call. Once it started rocketing up, I hit it and closed out my position. I'm sure others were as stunned as I was to watch it continue to climb and I'm sure Anthony Wood didn't know what to think once he was a billionaire for a short while. The price moved in waves and eventually started finding its real footing around $45. It climbed once more as a bull trap before earnings, only to crash down back to reality as many had speculated.
Given this year's market climate and an expiring lockup period, we can now see a nice bounce happening off a new, and more appropriate, fib chart for the stock. That $45ish hard line for market value will persist for some time, but for now the stock has been beaten to where I'd felt it was appropriate last year. Have no fear though, the Roku story is indeed spreading. It's getting stronger and is unquestionably the media player that the masses prefer for its simplicity and intuitiveness. Chromecast is too technical and AppleTV is too expensive. Roku is the real winner for the streaming, cord cutting, value seeking culture we entrench ourselves into more and more each day.
The price may linger here in the low $30s for some time without a catalyst, but the next call should be solid with some great forward guidance. Early part of the year is seasonally weak, so the last guidance to now wasn't crazy. Summer is coming and people will be indoors cooling off and students will be digesting media over their breaks and staying up to date with show trends. Without being aggressive and letting Roku slide back up in a more appropriate manner, I can see a $36-38 PT being hit short term. With more partnerships sure to come, along with expansion and updated marketing initiatives, Roku will be a steady player as it makes its way back to $40. I don't see it getting anywhere near the $45 line again until the end of the year and assuming market conditions are less volatile than they are now.
Trade this with a $40 ceiling in mind and as a good, long term hold as a streaming, media and entertainment play.
slw - long I have took a position in slw along with other streaming royalties and mining stocks at silvers current level, expecting some bullish movement although it could be a possible rodeo ride soon with earnings rate hikes and possible crash in the markets in the long run though all points to bull in precious metals to me so i am building my positions.
CLASSIC ELLIOT WAVE TRIANGLE - MAJOR UPSIDE POTENTIAL#SLW - SILVER WHEATON CORP - NYSE. CLASSIC ELLIOT WAVE TRIANGLE ABC CORRECTION WITH MAJOR UPSIDE POTENTIAL
With the mining industry doing so well Silver Wheaton Corp is the largest pure precious metals streaming company in the world. Streaming / royalty stocks are greatly becoming the darlings of the commodity investment world. In the precious metals sector, this type of company provides financing for mining companies in the form of an upfront cash payment in exchange for a percentage of production or revenues from the mine.
Silver wheaton corp has performed well during the 2016 bounce in commodity prices along with a few other best known streaming / royalty companies in the mining space Franco-Nevada Corp, Silver Wheaton Corp and Royal Gold Inc. These stocks have all performed well offering leverage to the underlying move of the metals. For example, while gold and silver are up around 20% year to date, the three stocks mentioned above are up 45-55% in the same time period.
#SLW Upside potential to me this pattern looks to be an ABC Correction with uptrend to follow, the stocks anticipated growth is expected to be driven by the Company’s portfolio of low-cost and long-life assets, including precious metal and gold streams on Vale’s Salobo mine and Hudbay’s Constancia project.
