Investors who were brave or fortunate enough to buy Dell Technologies during the coronavirus panic of March 2020 must be very pleased with the results. The stock is up 338% from that bottom at $25.51 and closed at $111.63 yesterday. For a profitable, growing and financially sound company like Dell, that surge is not a…
GBPJPY Recovery Takes Shape of an Impulse Pattern
Less than two years ago, during the coronavirus market panic, GBPJPY fell to a multi-year low of 124.04. The last time the pair traded at such levels was in August, 2012, when the world was still recovering from the Financial Crisis. The Covid-19 selloff didn’t last that long though. After plunging 10.9% in March 2020…
Has ServiceNow ‘s Bubble Finally Reached its Limit?
After the huge success of Amazon Web Services, it is easy to see why cloud computing is such a hot sector right now. However, no trend lasts forever and no stock remains a Wall Street darling indefinitely. Today, we’d like to examine another red-hot company in the cloud industry – ServiceNow Inc. With a market…
GN Store Nord Stock On Its Way to the Bargain Bin
In case you didn’t know, GN Store Nord A/S is a leading hearing aid devices manufacturer, based in Denmark. The company’s annual sales are expected to exceed DKK 15 billion this year. According to Statista, GN held a 15% share of the global hearing aid device market in 2019. Considering that its growth rate has…
Roku Down 37% as Elliott Wave Correction Unfolds
We last wrote about Roku in the spring, on May 24th, 2021. The stock was hovering around $330 a share. Fundamentally speaking, we thought that even this was too high a price. A quick look on the company’s weekly chart, however, convinced us that “Roku ‘s bubble can keep inflating”. Not indefinitely, though. The anticipated…
Three Months Ahead of NovoCure ‘s 35% Plunge
Our first and only article on NovoCure stock was published almost three months ago, on July 1st. In it we shared our view that the tumor treatment company was not only significantly overvalued, but in immediate danger of a large stock price drop. The stock had just fell 15% in one day, despite positive TTFields…
MongoDB – Bearish Pattern Joins Nosebleed Valuation
MongoDB Inc. is a general purpose database platform developer and provider. The company was founded in 2007, but only came public ten years later – in 2017. During the following four years, the stock has risen from an IPO price of $33 to $515 a share as of last week. So, it is fair to…
A Fresh Look At Cigna ‘s Elliott Wave Super Cycle
In a case study article on Cigna, published in October, 2016, we examined how a fundamentally sound and undervalued stock can still drop nearly 90%. The reason for that crash didn’t lie in some company specific issue. Rather it happened to occur during the biggest financial crisis in 80 years. Nevertheless, we made the point…
Should You Buy Solana? What the Charts Say
Solana just cracked the top ten biggest cryptocurrencies with a market cap of just under $21 billion. The rumored Ethereum rival is up 235% in the past month alone after a steep ascent from $22.11 to as high as $75 so far today. Does this mean it is time to join the bulls and invest…
NovoCure to Shed Another 40% After Today’s 15%
Founded in 2000, NovoCure develops treatment for tumors using specific frequencies to disrupt cancer cell division. The company went public in 2015 and, after a disappointing 2016, has been making investors very happy ever since. On the other hand, the stock is down over 15% today despite positive TTFields liver cancer study results. Normally, an…
Toronto-Dominion Another Canadian Bank to be Wary Of
A few days ago we shared our bearish stance on Royal Bank of Canada. Its price chart revealed a textbook pattern that took 25 years to develop. Today, we are going to examine another one of Canada’s Big Three banks – Toronto-Dominion. The second largest bank in Canada came into existence after the merger of…
Royal Bank of Canada Looks Toppy and Dangerous
Canadian banks are known to be much more conservative than their U.S. peers. For instance, due to better lending practices, the country barely felt the 2007-2009 housing crisis. That did not prevent its stock market from collapsing in sympathy, though. The share price of the Royal Bank of Canada for example – the biggest financial…
