Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!
The stocks are as follow:
$Wingstop(WING)$ Fundamental Trader: "153x earnings for a chicken wing restaurant is INSANE! No way I'm buying that."
Technical Trader: "Ascending triangle breakout in a strong uptrend, looks solid for a long trade."
$Bitcoin(BTC.USD.CC)$ having some trouble with the 50 day SMA
BTC Meanwhile, we have quite the TTM Squeeze building behind the scenes. 🍋
$Abercrombie & Fitch(ANF)$ CEO of Abercrombie & Fitch, Fran Horowitz, sold $44.2M in shares this month after the stock ran over +400% in less than a year.
This was her largest sale ever by a wide margin. 💰
$Invesco QQQ(QQQ)$ When over 50% of Nasdaq-100 constituents record 14-day lows, it often signals exhaustion and marks a new local bottom.
The latest occurrence was on April 19. 👀
$Palo Alto Networks(PANW)$ Pelosi just shaking out the non-believers before ripping this thing. 😅
The $Alphabet(GOOG)$ triple threat:
✅ Beat top & bottom line estimates
✅ $70B in share repurchases
✅ First-ever cash dividend of $0.20/share
$Coinbase Global, Inc.(COIN)$ looks like a solid way to play the range break on Bitcoin if it comes this week. 🪙
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