Global stocks: 3 buying opportunities

Published September 4, 2018

S&P 500, NASDAQ and OMXSPI.ST, to name a few, are some of the indices across the globe that are around their all time highs. The driving force is certainly confidence among investors and hope to earn a little extra. Let's have a look at a few bets that can give positive returns in the short to medium term, which is a 0-3 month period.

Cisco Systems (CSCO.NA) Close: 47.77


Investors have paid higher prices over time to buy Cisco Systems and the stock is in a rising trend channel in all three time frames, short, medium and long term. Since February the stock was trading more sideways until yesterday when the stock marginally broke out from a rectangel formation. A close over will confirm the breakout and indicates further increase in price for Cisco Systems.
Earlier the stock has been rising on high volume, while corrections were accompanied by low volumes. This is indicated by the positive volume balance indicator. Further the momentum indicator RSI is over 70 and is a sign of strength.
There is currently no resistance shown in the medium term chart, hence the sky is the limit. However there is support around 45.70 dollars.
This stock is listed on NASDAQ and is traded in USD.
Investtech's recommendation: Buy

 

Twitter Inc (TWTR.NY) Close: 35.18


Social Networking giant Twitter Inc is in a rising trend channel in the medium term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing.
In the last couple of months the stock has corrected from its high and taken support around 31.30. It is currently trading under a resistance around 36.60. A close above this level may take the stock to its previous high of around 47 dollars or higher. While a close below 31.30 may trigger fresh selling.
The volume balance is positive and strengthens the stock. The stock is overall assessed as technically slightly positive for the medium long term.
Twitter Inc is listed on NYSE and is traded in USD.
Investtech's recommendation: Weak Buy

 

ABB (ABB.ST) Close: 215.10 


Swedish multinational ABB is in a rising trend channel in the long term, but has been more sideways in the medium term chart. Since 2017, the ABB stock price has moved between support around 187 and resistance around 227 kroner.
A double bottom formation has been established via breakout around 215 kroner and gives a price target of 241 or more. Underlying buying strength is indicated by positive volume balance, shown by green arrows in the right bottom corner of the chart. RSI is over 70 and indicates strong momentum. All these parameters give positive weightage to the stock price.
There is resistance around 227 kroner, which is also an earlier top. A breakout and close above this level would be a new buy signal and may trigger fresh buy for ABB.
ABB is listed on multiple world indices. Here we refer to one that is listed on  the Stockholm Stock Exchange in Sweden and is traded in Swedish kroner.
Investtech's recommendation: Buy

 

Our analysis is majorly based on trend, as it is said, ‘trend is your best friend’, with more focus on the medium term chart. We also take into account price formations and volume, and momentum indicators. More can be read about Investtech's research at www.thetrendbible.com.

Note: These stocks are traded in currency based on the country they are listed on.

 

 

The analyses are based on closing price as per September 3, 2018.

Geschreven door

Kiran R. Shroff
Analist
in Investtech

"Investtech analyseert de psychologie in de markt en geeft u iedere dag concrete trading-voorstellen."

Espen Grønstad
Partner & Senior Advisor - Investtech
 


Investeringsaanbevelingen worden gedaan door Investtech.com AS ("Investtech"). Investtech garandeert geen volledigheid of juistheid van de analyses. Eventuele fouten in de aanbevelingen, koop- en verkoopsignalen en mogelijke negatieve gevolgen hiervan zijn geheel het risico van de belegger. Investtech neemt geen enkele verantwoordelijkheid voor verlies, direct of indirect, als gevolg van het gebruik van Investtechs analyses. Meer informatie omtrent Investtechs analyses kunt u vinden op disclaimer.


Investeringsaanbevelingen worden gedaan door Investtech.com AS ("Investtech"). Investtech garandeert geen volledigheid of juistheid van de analyses. Eventuele fouten in de aanbevelingen, koop- en verkoopsignalen en mogelijke negatieve gevolgen hiervan zijn geheel het risico van de belegger. Investtech neemt geen enkele verantwoordelijkheid voor verlies, direct of indirect, als gevolg van het gebruik van Investtechs analyses. Meer informatie omtrent Investtechs analyses kunt u vinden op disclaimer.

Titlex

OK
+

Cookie consent

We use cookies to give you a better user experience. If you continue to use the website, you accept this. For further details click here.

Our use of cookies

When you use our website, we store a cookie on your device. The cookie is used to recognize your device so that your settings work when you use our websites. The information that is stored is completely anonymised. Cookies are automatically deleted after a certain time.

Necessary cookies

Investtech uses cookies to ensure basic functions such as page navigation and language selection. Without such cookies, the website does not function as it should. You cannot therefore make a reservation against these. If you still want to disable such cookies you can do so in your browser settings. In the Cookies section add this website to the list of sites which are not allowed to save cookies on your device.

Cookies from Google

We use services from Google Analytics and Google AdWords. These register cookies on your device when you visit our website. Google registers your IP address in order to keep statistics on user activity on the website. The IP address is anonymised, so that we have no opportunity to link the activities to a specific person. We use these statistics to be able to offer more interesting content on the website and to constantly improve ourselves. Google AdWords collects data so that our advertising on other websites gives better results. We cannot trace the data of individuals.

Allow cookies from Google