Short Signal: ROKU Inc $ROKU Topping Tail Alert Shares of ROKU Inc (ROKU) likely put in a major pivot top today. After a three bar surge on the daily chart, the stock humped again today but is now putting in a possible topping tail. Topping tails are epic reversal signals, especially on charts in extreme overbought territory like ROKU. In addition, upside moves usually end on three bar surges. A pull back is likely in store to a target price of $115.00. This trade setup is pure technical analysis. This means there is finally a reason to short ROKU that has teeth. Cheers to the profits that members earn by getting trade setups like this at InTheMoneyStocks.com. Gareth Soloway InTheMoneyStocks
Here's The One Stock $TWTR That Benefits From All This Geopolitical Chaos As you all know, the current geopolitical picture is nothing short of chaotic. Every single day we hear about trade wars, Hong Kong protests, fighting between India and Pakistan, Middle East tensions, European debt problems and so much more. While all of these major geopolitical events can move stock markets and affect investor decisions: there is one stock that seems to benefit from it, Twitter Inc (NYSE:TWTR). Everyone is using Twitter right now. The biggest user of Twitter is actually the President of the United States. We have trading algorithms that simply babysit every tweet that comes out of the White House. Stock markets move percentage points simply on the back of tweets almost everyday now. In fact, traders simply waits for a tweet from President Trump at 3:30 pm ET every single trading day when the markets are lower. The current chart pattern for TWTR stock is actually pretty decent at this moment. The stock seems to be consolidating on the daily chart. The share price is still trading well above its 50-day moving average. This is showing much more relative strength than many other leading equities right now. TWTR stock still has a lot of resistance around the $44.50 to $45.00 level, but the longer the consolidation base the higher the stock could go. I'll be watching this pattern closely over the next couple of weeks as it has not given me a buy trigger yet, but it is on my radar now for more upside action. Nicholas Santiago InTheMoneyStocks
Align Technology $ALGN Has Been Hammered, Here Is The Trade Level Late last month, leading clear aligner therapy stock, Align Technology (NASDAQ:ALGN), was hammered lower after reporting earnings that disappointed the street. The stock actually peaked out in September 2018 at $398.87 a share. It then made a lower high on the daily chart on May 15, 2019 at $334.64 a share. The stock is currently trading at $176.00 a share, but it remains in a weak technical position on the charts. The stock is now trading below its 200-week moving average which is a near term negative for the stock price. While the stock is currently oversold it is still signaling further downside before a solid bottom is formed. The one level that has caught my eye in the stock is around the $138.00 area. This level is where the stock actually broke out in May 2017. As you all know by now, I really like pullbacks into past break-out levels as institutions will generally support the equity around this area. Please note, ALGN stock generally trades less than 1 million shares a day, so it is always vulnerable to overshoot levels. Nicholas Santiago InTheMoneyStocks
Bitcoin Alert: Here Are The Target Buy Levels $BTC Bitcoin (BTC) briefly broke $10,000 again today. It has happened at least 5 times in the last month. This constant attack alerts technical traders that eventually it will flush lower. How low? Target 1 is $8,800 and target 2 is $7,575. These are the two levels I plan to accumulate at. I have been patiently waiting to rebuy Bitcoin since it topped out around $14,000. I am a believe in crypto as the future mainly because of the massive printing of fiat currencies by central banks and the increasing debt of countries like the United States. It is unsustainable and a collapse is inevitable. When the epic financial collapse finally comes, debts will vanish and central banks will be dissolved. From the ashes citizens will demand a currency with a defined print structure so governments cannot just print trillions on demand. While I am a believer in Bitcoin, I am also believer in having it as part of an overall portfolio, not the entire portfolio. Gareth Soloway InTheMoneyStocks
Shopify Inc $SHOP Puts In A Huge Top Signal Shares of Shopify Inc (SHOP) popped early, making a new all-time high at $401.16. However, within an hour, the stock was back to its lows of the day, putting in an epic technical topping tail. This is a major top signal for investors looking to short the stock. In addition, the brief cross of $400 as an even number adds fuel to the sell signal. Shopify Inc will likely fall to $340 in the near-term. Gareth Soloway InTheMoneyStocks
According to this chart it looks like China is supporting their currency a lot less. I would not be so sure that the talks between the U.S. and China are resuming when looking at this spike in the USD/CNY
