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August 4 – Stock Mentions – SHOP, DIS, TSLA, AMD, NVDA, FB
Michael Kramer and the clients of Mott Capital own DIS, TSLA
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Shopify (SHOP)
Shopify has been rising in recent weeks and has formed an ascending triangle. It would suggest to me that SHOP is likely to break out and head towards $360.
Tesla (TSLA)
Tesla continues to grind higher, with a clear uptrend. $225 continues to be support for the stock with a gap to fill up at $253.
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Disney (DIS)
Disney has been trending higher in a rising channel. I had thought a few weeks ago the stock could fall to around $132. So far that has been wrong. Based on the channel it would seem that $150 is possible.
Facebook (FB)
Facebook is now heading lower, with its next level of support at $186. However, a gap fill down to $180 seems likely.
Nvidia (NVDA)
Nvidia has been falling and at the moment it is holding support at $160. However, over the short term, a drop to $150 appears likely.
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AMD (AMD)
AMD appears to have formed a double top after it fell below $32.25. I am afraid that support doesn’t hold at $29.40, opening the door for a decline to $27.25.
-Mike
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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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