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Technology

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
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
$DELL can rise in the next daysContextual immersion trading strategy idea. Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $53,08; stop-loss — $51,71. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:DELLLong
by KozakHlib
Sell Short: Aspen Technology Inc AZPN Technology SoftwareSell Short: Aspen Technology Inc - Ticker: AZPN - Sector: Technology Industry: Software—Application Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts Sell Entry: 104.90 to 103.23 Stop-Loss: Available to Subscribers Take Profit Price Targets: Available to Subscribers $AZPN #aspentechnology $HON #honeywell $SAP #sap $ABB #abb $ROK #rockwellautomation #technology #stocks #stockmarket #wallstreet #nyse #sp500 #nasdaq #investing #investors #trading #traders #markets #speculating #economy #finance
AShort
by Reyes808
$PCTI can rise in the next daysContextual immersion trading strategy idea. PCTEL, Inc., together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The share price rose after the company had been added to the Zacks Rank #1 (Strong Buy) On Jul 19 — finance.yahoo.com The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $7,26; stop-loss — $6,80. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
PLong
by KozakHlib
Buy Long: Fortinet Inc - Technology Software InfrastructureBuy Long: Fortinet Inc - Ticker: FTNT - Sector: Technology Industry: Software—Infrastructure Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts Buy Entry: 136.58 to 144.25 Stop-Loss: Available to Subscribers Take Profit Price Targets: Available to Subscribers NASDAQ:FTNT NASDAQ:CSCO NASDAQ:CHKP NYSE:PANW NYSE:JNPR NASDAQ:MSFT $FTNT #fortinet $CSCO #ciscosystems $CHKP #checkpointsoftware $PANW #paloaltonetworks $JNPR #junipernetworks $MSFT #microsoft #technology #coronavirus #stocks #stockmarket #wallstreet #nyse #sp500 #nasdaq #investing #investors #trading #traders #markets #speculating #finance
NASDAQ:FTNTLong
by Reyes808