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Welcome back to “Charts to Watch”!
I will show you some new charts that could inspire your investments.
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Nasdaq 100: second assaul to the 200-day MA failed
Nasdaq 100 is trading below the 200-day MA since mid-January. Now the index is trying to go back above the MA for the second time in a couple of months.
Will it be able to break the 200-day MA in the next days? It would be an interesting signal for the bull, or for the bears…
Russell 2000: no glory for the small caps
The small cap index did nothing in the last 15 months. For one year it traded in a rectangle, than it broke to the downside, a clear bearish signal.
Now it is trying to re-enter in the box, but it looks that it is failing to surpass the resistance.
Applied Materials (AMAT): is this a good entry point?
Semis is one of the hottest sector of the moment, as the chip demand increased heavily in the last two years. But semiconductor stocks are not having a great time, even because of the new supply chain bottlenecks that could arrive from the recent lockdowns in China.
In any case it is worth to give a look to AMAT stock for sure.
Intel (INTC): No signs of turnover yet
Intel is one of the biggest losers in the chip industry, and the stock had a terrible performance in the last two years (and the financial statements clearly showed why).
The stock looks in the middle of a descending triangle (tipically bearish pattern). Be careful to the direction of the break-out…
Walt Disney (DIS): a notable retracement
One year ago DIS was trading close to 200$. Was that price sustainable? Not really, and the market understood this.
The stock is now trading at 135$ (-33% from the peak), but don’t be sure to see a rebound soon: multiples are still high compared to the past, and the descending triangle is food for the bears. The fall can be not over.
Apple (AAPL): New high or new fail?
Apple is still the most valuable company of the world, and it is outperforming the market even this year (YTD Return: -1.4% vs S&P 500 YTD return: -5%).
For the third time AAPL is trying to surpass the resistance at 180$. That would be an interesting signal, but better to wait for a confirmation before to make any move.
Akamai Technologies (AKAM): the break-out we were waiting for?
This is one of the companies that I included in the Pure Stock Portfolio few weeks ago. Its core business is the Intelligent Edge Platform, but the firm is growing fast in the cloud and enterprise security, one of my favorite megatrends.
The valuation is not high, and the upside is potentially very large imho. The break-out of the big resistance will be another reason to jump in the stock.
Remember to make your own analysis before to make any investment!
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Market Radar
Disclaimer: Market Radar is not an investment advisor. Any information provided as part of the services is impersonal and not specific to any person’s investment needs. You acknowledge and agree that no content published or otherwise provided as part of any service constitutes a personalized recommendation or advice regarding the suitability of, or advisability of investing in, purchasing or selling any particular investment, security, portfolio, commodity, transaction or investment strategy.