Textron Inc. (NYSE:TXT) first piqued my interest in May 2017, when rumors starting swirling that a buyout was in the works. Aside from the initial pop in TXT stock

 Textron Inc Stock Is Only Moments Away From Making a Move

TXT Stock: Awaiting Confirmation

 Textron Inc. <span data-recalc-dims=(NYSE:TXT) first piqued my interest in May 2017, when rumors starting swirling that a buyout was in the works. Aside from the initial pop in TXT stock" width="300" height="225" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/07/TXT-Stock-300x225-Small.jpg?resize=300%2C225 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/07/TXT-Stock-300x225-Small.jpg?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

FOREX INVESTORS  Textron Inc. (NYSE:TXT) first piqued my interest in May 2017, when rumors starting swirling that a buyout was in the works. Aside from the initial pop in TXT stock that was a result of the buyout rumors, the trading action has been dull and uneventful.

Ever since that fateful day, I have been watching the trading action in Textron stock because, if the rumors are indeed factual, a substantial move to the upside can be expected.

The following Textron stock chart illustrated the price action which is suggesting that a move is in the making.



 Textron Inc

 

Textron stock chart

 

This TXT stock chart illustrates that a move has been in development since the stock price accelerated away from the 200-day moving average in October 2016. For anyone not familiar with the 200-day moving average, this key metric is used to distinguish whether an investment is in a bullish state versus a bearish one. Using this metric is quite easy because this moving average acts as a dividing line: trading above the 200-day moving average is bullish, and trading below it is bearish.

Constructive price action consists of two waves that alternate. The first wave, an impulse wave, defines the progression in the stock price as it swiftly stages an advance. The second wave, a consolidation wave, defines a countertrend move that alleviates overbought conditions that were created during the previous impulse wave, and—more importantly—sets up the next advance that will also be labeled an impulse wave. This wave structure is essential in creating a sustainable trend toward higher stock prices.

Something similar can now develop. In order to confirm that a new impulse wave is in development, Textron needs to complete the consolidation wave that is currently in development.

The following Textron stock chart illustrates an indication that has been instrumental in confirming which wave is in development.

TXT price chart

 

This TXT stock chart is used to illustrate how effective the moving average convergence/divergence (MACD) indicator—in the lower panel—has been in confirming which constructive wave is in development.

For those not familiar with this indicator, MACD is a trend-following indicator that is used to distinguish between bullish and bearish momentum, using the crossing of a signal line.

In late October 2016, a bullish MACD cross was generated, indicating that bullish momentum was influencing the TXT stock price, and that, therefore, the stock price was geared toward higher prices. This indicator was instrumental in suggesting that an impulse wave was set to develop, so the rally that followed was no surprise.

 

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



BUZ INVESTORS Alibaba Stock I have been writing about Alibaba Group Holding Ltd (NYSE:BABA) stock since the summer of last year,

Alibaba Stock Is Moments Away from Lift-Off

|Chart | Calendar   | TRADE NOW | Alibaba

BABA Stock: An Explosive Setup

BUZ INVESTORS  Alibaba Stock  I have been writing about Alibaba Group Holding Ltd (NYSE:BABA) stock since the summer of last year, and I have to say that this stock has served me well with the method of investment analysis I employ, because I have been able to call each and every swing in BABA stock. I could use this publication to boast about my success, but that is not my intention. Alibaba stock is approaching a key technical level of resistance, and if it can successfully breach this level, it will set the wheels in motion that could send the stock price into the stratosphere.

Before I move forward, it is only wise that I disclose that the method of analysis I employ to generate a view on (BABA) stock is technical analysis. This method of investment analysis is based on the notion that historical price and volume data points can be used to project the future direction of a stock’s price. This method of analysis is contingent on my skills and abilities to decipher the indications that are generated using the Alibaba price chart. I have spent the better part of two decades dedicating myself to this craft and have gained a level of proficiency in the process.





Alibaba Stock

BABA price chart

 

BABA shares are currently testing an extremely important level of price resistance. This level of price resistance was established three months after shares began trading on a public exchange. This level of resistance encompasses the early enthusiasm that investors held for this company. Early enthusiasm that was ill-warranted at the time because price soon corrected significantly. It has taken almost three years to return to this level of resistance once again.

Above this price point, there is no other level of price resistance, because breaking above it will create a new all-time high. An all-time high creates a dynamic where anyone who ever shorted BABA shares is now holding a losing position. Such a dynamic creates an environment where the path of least resistance is geared towards higher prices, because the short sellers create a bullish tailwind covering their positions.

IMG_0037

 

In December of last year, as the stock price was approaching the post-IPO high, I outlined the magnitude that such a breach of resistance would create. It is why I dubbed Shopify stock my rock star top pick of 2017. Since that day, SHOP stock has more than doubled, easily earning that rock star title I placed upon it. Notice how the chart pattern looks very similar to the Alibaba stock chart.

I am sure we have all heard of Facebook Inc (NASDAQ:FB). I am focusing on this company as well because its stock experienced that exact same type of price action after its IPO. The following price chart illustrates what occurred to Facebook after it breached its post-IPO high.

FB stock chart

 

Facebook stock, just like the previous two charts I outlined, has a similar type of price action. There is an overwhelming amount of enthusiasm towards an IPO, and this causes a top to be formed early on. This top creates a significant of level of price resistance. When the stock is able to return to this level years later and finally breach it, it opens the door to much higher stock prices.

Business Description

Industry: Retail – Apparel & Specialty » Specialty Retail    NAICS: 454113    SIC: 5961
Compare: NAS:(AMZN), NAS:(EBAY), NAS:(ORLY), NYSE:(AZO), NAS:(ULTA), NYSE:(VIPS), NYSE:(BBY), OTCPK:(RKUNF), NYSE:(GPC), NAS:(MELI), NYSE:(AAP), NAS:(QVCB), OTCPK:(MTTRY), OTCPK:(ZLNDY), OTCPK:(DUFRY), OTCPK:(CDNAF), NAS:(TSCO), OTCPK:(ASOMY), NAS:(SPLS), NYSE:

Alibaba Stock

 

KAR » details

Traded in other countries: AHLA.Germany, BABA N.Mexico, BABA.Switzerland,
Headquarter Location: Hong Kong

Alibaba Group Holding Ltd is an online & mobile commerce company. The Company through its subsidiaries provides retail and wholesale marketplaces available through personal computer and mobile interfaces.

Alibaba is the world’s largest online and mobile commerce company, measured by GMV. It operates China’s most popular online marketplaces, including Taobao (C2C), Tmall (B2C), and Juhuasuan (group buying). Alibaba’s China marketplaces will account for 76% of revenue in fiscal 2017, with Taobao revenue generated through advertising and Tmall revenue coming from commissions, followed by digital media (10%), international marketplaces (8%), cloud computing (4%), and other (2%). Mobile GMV should account for 79% of consolidated GMV in fiscal 2017.

Like up on FACEBOOK


logo

Market quotes are powered by
TradingView.com



Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )




BUZ INVESTORS Forging a Bottom I have been intrigued by Twilio Inc (NYSE:TWLO) since it first went public in June of last year.

Twilio Stock Is Only Moments Away from Forging a Bottom

TWLO Stock: Confluence of Indicators

BUZ INVESTORS Forging a Bottom I have been intrigued by Twilio Inc <span data-recalc-dims=(NYSE:TWLO) since it first went public in June of last year. " width="300" height="182" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/VRSN-stock-300x182-Small.jpg?resize=300%2C182 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/VRSN-stock-300x182-Small.jpg?resize=768%2C466 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/VRSN-stock-300x182-Small.jpg?w=791 791w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS Forging a Bottom  I have been intrigued by Twilio Inc (NYSE:TWLO) since it first went public in June of last year. This cloud-based communications company provides consumers pay-as-you-go applications. The combination of cloud computing and e-commerce should provide a powerful tailwind as both these sectors have been performing extremely well in this current market environment. This hasn’t exactly translated into any gains for Twilio stock, because after a successful IPO, shares quickly surged higher only to see that performance completely erased. There are now indications on the TWLO stock chart that are suggesting a bottom is being formed, and if this is the case, then higher prices are likely to follow.

To clarify, my views on Twilio shares were generated using technical analysis. This method of investment analysis is based on the notion that historical price and volume data can be used to discern trends and forecast future prices. I have been using this method for nearly two decades, and it has brought great discipline and success to my trading strategies.



Forging a Bottom

 

 

On September 28, 2016, Twilio shares hit a high of $70.96. In the three months following the IPO, TWLO shares were up an incredible 195.79%. it seemed as though this was a taste of things to come. Unfortunately the share price went on to break below the uptrend line. Breaking below this trend line served to indicate that lower prices were set to prevail. The break below the trend line is highlighted on the price chart above as a “breakdown.”

This break below the trend line did exactly as it suggested, and lower prices did prevail. By January 1, all the gains that were made in the previous months leading up to the peak were completely erased, as Twilio shares went full circle.

TWLO shares finally found price support just above $25.00, the level where it first began trading. This price level is highlighted as support on the price chart above. If a bullish rally is going to commence, it is going to happen from this level. Breaking below this level of price support would suggest that TWLO stock is set to drop below the price it began trading at, and that would carry tremendous bearish implications, suggesting that much lower prices were set to prevail.

Such an outcome is currently being reinforced by the relative strength indicator (RSI), located in the lower panel. The RSI is an oscillator that is used to measure overbought and oversold conditions. A measure below 30 indicates that a stock is oversold, while a measure above 70 indicates that a stock is overbought. Traders also use this indicator to time their entry and exit points. When the RSI oscillator crosses below 30, it is deemed oversold, and a bullish signal is generated when the signal crosses back above 30, indicating that a rally commenced.

A bullish RSI signal was generated in early April while price support was being tested, and the TWLO stock price has since appreciated. The indicator is not in an overbought state, which suggests that Twilio shares can continue their advance. An advance from current levels would suggest that a bottom has been formed and higher prices can be expected to follow.

 

.Like up on FACEBOOK

 


Ebates Coupons and Cash Back

Market quotes are powered by
TradingView.com



Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )




Buz Investors Verisign Stock I recently stumbled upon Verisign, Inc. (NASDAQ:VRSN) stock, and I am excited to report on my findings

Verisign Stock Is Moments Away from Lift Off

VRSN Stock: Completing a Consolidation Pattern

Buz Investors Verisign Stock I recently stumbled upon Verisign, Inc. <span data-recalc-dims=(NASDAQ:VRSN) stock, and I am excited to report on my findings" width="300" height="182" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/03/VRSN-stock-300x182-Small.jpg?resize=300%2C182 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/03/VRSN-stock-300x182-Small.jpg?resize=768%2C466 768w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/03/VRSN-stock-300x182-Small.jpg?w=791 791w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors Verisign Stock I recently stumbled upon Verisign, Inc. (NASDAQ:VRSN) stock, and I am excited to report on my findings. When it comes to a particular investment, I am either bullish or bearish on its prospects looking forward, and it didn’t take me long to come to the conclusion that I am bullish on Verisign stock. VRSN stock is a great example of an investment that can be deciphered using a price chart, and I was able to support my bullish views by using multiple time frames.

Using a price chart as the basis of an investment view is known as technical analysis. This method is based on the notion that historical price and volume data can be used as a tool to decipher a trend, and forecast future prices. I have been using this method to formulate trading strategies for nearly two decades, and I could not have done it any other way.




OTHER STORIES BUZ TRADERS SHARE

Verisign Stock

This trend line had been tested on numerous occasions and VRSN has never traded below it. This trend line began in 2002, and it is difficult to refute the importance of a trend line that has been in development for 14 years. If VRSN ever closes below this trend line, I will have all the reason to believe that the bullish trend has run its course and lower prices are set to prevail.

bullish on Verisign stock because there are indications on multiple time frames that suggest that this view is warranted. A bullish resolution to the current consolidation pattern, that is currently in development, will open the door to much higher VRSN stock prices. My bullish view is contingent on technical indicators, so as a result, I will continue to hold a bullish view until there are indications that a different view is warranted.

Ebates Coupons and Cash Back

Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )