9 Monster Stock Market Predictions – The Week Of May 10

Alibaba 

Alibaba (BABA) will report results later this week, and the chart does not look strong. The stock has been struggling for months, and there appears to be a descending triangle pattern. That is a bearish pattern suggesting the stock fall to around $193.

Capital One 

Capital One (COF) has been on a parabolic run higher recently, with multiple bump-and-run patterns. Perhaps it can continue over the longer term, but with an RSI of 82, one has to think it pauses and consolidates sideways or moves lower.

3M 

3M (MMM) has made it this far; you have to think it will fill the rest of the gap up to $219.

Uber 

Uber (UBER) looks terrible, and the stock has performed horribly the last several weeks, and there seems to be no reason to me why it can’t retest $36.

Zoom 

I guess we can only wonder at this point if the deflation of Zoom (ZM) will continue or not. Clearly, we know how just how overvalued the stock was. No doubt they have changed how we communicate, and the stock will likely be a good buy at some point, but probably not yet. Would it be surprising to see it back to at $200, before not too long? No, I would not be surprised at all.

DocuSign

DocuSign (DOCU) is another stock deflating. I’m not sure what is they do that is special. You can sign a document electronically, great. Sounds revolutionary, not really. It has held onto $190 for dear life, and once it breaks, it is over, with a long deflationary way down.

Roku

Well, Roku’s (ROKU) active account growth seems to be slowing dramatically on a quarter-to-quarter basis. They still have roughly the same number of accounts as Amazon, so there is nothing disruptive. You would be surprised at the number of people that do not know that Fire Stick and Roku have about the same number of active accounts.  It looks like it filled the gap at $335, and now it will probably fill the gap at $285.

1 2
View single page >> |

Disclosure: Mott Capital Management, LLC is a registered investment adviser. Information ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.