TSLA (NASDAQ) Over recent months Tesla has seen explosive growth growing 95.3% since the start of April due to post COVID 19 optimism. In addition to this Musk has decided to reopen the Tesla factories and continuing production which was short-lived as a staff member has contracted the virus. We will be taking a look into the some of technical analysis factors point towards a lower price in the short term.
MGM (NYSE) has had their stock price beaten down due to the pandemic, however with restrictions starting to lift it seems the economy has started to look up for the company which has been shown by the recent uptick in MGM’s price. We will take a deeper dive into the technical indicators forecasting the companies future.
Many think it is only possible to profit in the stock market if you are invested in a rising market, although this is the most common way to profit in the stock market it is not the only way. There are ways in which you can actually profit from a recession and stock market downturn. Follow along because there is more than one alternative.
ZM (NASDAQ) the video conferencing software has seen rapid growth in recent months due to the pandemic and the need for social distance, the stock has grown 168.4% since the start of February. As earnings reporting is coming up very soon we will be taking a deeper look into how zoom is positioned prior to earnings reporting with Technical analysis.
Spotify Technology SA NYSE: SPOT is on track to create a seismic shift in the way audio advertising is done, currently they are sitting at the top amongst all the streaming service platforms. Spotify’s aims to further distance itself from its competitors. At the moment there are two forces contributing to that distance growing wider. They are the netflix like expansion that Spotify is currently undertaking as well as the google adsense like monetisation that they are developing. Much like when two tectonic plates collide to create a mountain. Spotify is currently wedged between its audio expansion on one side and the other side has its revolutionary audio ad platform. Those forces colliding with each other is creating a mountain that might be out of reach to any other competitor to live up to.
NVDA (NASDAQ) has managed to re-grow value from the recent COVID-19 lows, it reached those levels back in early may and now has exceeded past them. More recently they also exceeded past some analysts expectations of the companies recent earnings report and increasing the value of NVIDA. We will be taking some time to look at the technical details of the company to get a better understanding of where the stock may move next.
Bitcoin the dominate cryptocurrency in the market a had a strong up turn in recent months, however the question has to be raised is it time for a reversal of the trend for bitcoin? We will go over some of the technical details and indicators that point towards a down trend.
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There are so many companies that seem to promise the world yet deliver nothing. It’s disappointing to see when potential is not squandered like that, but I believe in this respect that Square Inc (NYSE:SQ) is different from the rest, stating that “We believe everyone should be able to participate and thrive in the economy.” We’ll be taking a look at how well square has managed to live up to its mission and try to understand how the company might change as it moves forward.
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users. Recently the cryptocurrency has surged in price with a strong increase in trading activity. We will take a deeper dive into the technical analysis behind the cryptocurrency.