Align Technology Just Got Misaligned

Align Technology, Inc. designs, manufactures, and markets a system of clear aligner therapy, intraoral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services. Align Technology is famous for making the Invisalign.

Nine months ago, the stock crashed 25% due to lower average selling prices for the Invisalign clear aligners as a result of the company running promotional programs during the third quarter that included discounts for its clear aligners and product mix changes. The CEO said the promotional programs are temporary, so the current issue seems to be temporary. Nevertheless the stock fell from all-time highs.

This past week, Align Technology announced their second quarter earnings. Despite strong growth in Europe and Brazil, the stock fell big time again.

On top of reporting an earnings miss in the quarter, Align shipped 377,100 of its core Invisalign cases which fell 5,800 units short of expectations. Hogan told CNBC’s Jim Cramer Thursday much of the weakness can be attributed to China.

China is Invisalign’s second largest market and the company hoped to see 70% growth in the second quarter, the CEO told Cramer. But Thursday’s report showed just 20%-30% growth and the weakness is not due to any competitive or operational issues.

“It’s just basically a consumer backlash right now, we feel, from a standpoint of making decisions on going ahead with aligners or not,” Hogan said.

Source

The chart suggests there is more downside risk in the stock, at least to the weekly demand at $166.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

The Bitcoin Chart Scares Me With Some Deja-Vu

When I look at the daily chart of bitcoin and I see the price action of the past couple months, then I look at the 2017/2018 top and think….”wow, that look’s a bit similar.”

Will Lightning Strike Twice – Probably Not

Here’s the thing.  Even though the chart doesn’t look great I also don’t see how we crash the way we did a year and a half ago.

The same ingredients do not exist.  The move has not been crazy, the general mom and pop is not talking about bitcoin at your local diner and there isn’t a ICO shit coin craze.

Where can we go though?

We can certainly go down a bit still.  If you look at the chart, basically it has made an “h” looking pattern which leads to lower prices many times.  That’s just odds though, doesn’t mean it will happen.

A move down to 8,500 and evan 7,500 would still be ok on a technical basis.  I wouldn’t consider that bearish as 7500 is a clear bottom when looking at a weekly chart.  As long as it tested and rallied off that I’d still be bullish.

Let’s hope we don’t have to even play it out.

On the upside, getting above 9,800 and pushing toward the 11k mark is the bullish price action we need.

I honestly believe it’s anyone’s guess which way the next near-term move is.

I’m keeping some fresh powder available in case we do get an opportunity to buy lower…otherwise hodl’ing my bag.

Bitcoin: Discussing the Next Move

Bitcoin continues to consolidate on top of known support at $9,400. Daily volume is around $12 billion, the lowest since April.

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In today’s video we discuss where price may be heading next, key areas to watch, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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Cryptocurrency Relative Strength Analysis Report For Week Starting 7/28/19

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

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Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy to determine the relative strength of Bitcoin at any point. Not the case for the altcoins…until now. I have taken the more popular altcoins and determined their relative strength, relative to Bitcoin using just moving average.

Binance

EOS

Ethereum

Litecoin

Neo

Steem

Tron

Zcash

Based on the moving averages and the last daily closing price, relative to the moving averages,

the altcoins relative strength, relative to Bitcoin are the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

BP sees electric cars charging 100% in 5 mins by 2021

BP sees electric cars charging 100% in 5 mins
by 2021 (BNEF)

  • As the oil major BP is expanding its footprint in EV charging, the company has stated it is focusing on reducing charging times, “…to have a battery in a car by 2021 that can be charged completely in five minutes – for a lot more than 100 kilometers”.
  • After its acquisition of BP Chargemaster for US$170m, BP is now in the process of installing ultra-fast EV chargers at service station in China, Germany, and the UK.
  • BP is also investing in biofuel development, as it considers the technology to be “the best way of decarbonizing long-distance jet transport”.

Analysis and Comments

  • This level of super fast charging is the holy grail of EVs. As cost comes down, and as the charging network grows, the last big barrier to overcome is the inconvenience of the time it takes to charge.
  • This shift, if achieved, could open up the EV market to those city dwellers who don’t have off street parking (so no easy home charging option).
  • To be clear, the BP target is just that; a target. The article claims, that the technology from a BP investment in an Israeli company called StoreDot already allows ultra high speed charging of mobile phones but the EV version seems to be work in progress.
  • The technology (FlashBatteries) seems to be a combination of the use of organic compounds in the cathode (plus Silicon?) and some form of capacitor technology (those of you with good memories will recall that Tesla recently purchased Maxwell Technologies – a global leader in ultra and super capacitors).  
  • Normally, I would be sceptical about such claims – the “we have found a way of producing super batteries” story appears on a regular basis in the tradepress. But with BP money behind them, perhaps this approach has a future.

Intermarket Relative Strength Analysis Report For The Week Starting 7/28/19

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in US dollars.  Thus, the asset classes relative strength will be compared to the US Dollar.

Bitcoin

30 Yr Bond

Copper

Euro Dollar

Gold

Oil

Soybeans

S&P 500

Based on the moving averages and the last daily closing price, relative to the moving averages,

the asset classes’ relative strength, relative to the US Dollar are the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Crypto Contest July 28: Abyss Token

Abyss Token (HitBTC: ABYSSBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Abyss began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 9, and the red wave two (blue sub-waves a-b-c) correction ended on July 21. If this wave count is correct, Abyss should be heading next towards the June 9 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

The Abyss is a platform where gamers can play games, socialize and get rewarded. Journey to 100k reviewed the platform in May this year.

(Sources: Abyss Token and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

World Stock Market Relative Strength Analysis Report For Week Starting 7/28/19

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks. Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market. In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

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Because we live in a global economy, the global equity markets interconnected and highly correlated.  However, some will outperformance other in the short term and long term. When constructing an equity portfolio, for the best returns one needs to have the ability and the capacity to assess all the major equity markets around to asset allocation purposes.  However, the first step is to determine the relative strength of the major equity markets, relative to the bellweather, the S&P 500.

DAX (Germany)

Dow Jones (US)

FTSE 100 (England)

Nasdaq (US)

Nifty 50 (India)

Nikkei 225 (Japan)

Shanghai (China)

Russell 2000 (US)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the world equity markets’ relative strength, relative to the S&P 500 are the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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