Includes major US listed cloud computing service providers. These companies provide IAAS, SAAS, and PAAS services, infrastructure, and solutions for companies and individuals, enabling them to quickly deploy and manage their own operations, applications, and systems. Cloud computing is a significant investment opportunity for its potential cost savings. By moving IT infrastructure to the cloud, companies can reduce capital expenditures on hardware and software and only pay for the services they use, freeing up resources to invest in other areas such as research and development or marketing. Increasing demand for storage and processing power is driving the growth of cloud computing. As more businesses move to digital platforms and adopt technologies like AI, the amount of data being generated is growing exponentially. Cloud computing offers a scalable solution to handle this data.
VCP pattern. First attempt within a week to break 190. But closed below 190
Lets see if can break it through next week.
First, let's discuss why $190 is such an important level.
Weekly chart
From 2021 to 2024, $190 has acted as a key resistance level. Between late 2021 and 2022, the price fell nearly 55% from this high.
Daily Chart
$Amazon (AMZN.US)$ previous earnings on Aug 2024 saw price gapped down but soon recovered to test the $190 level again!
With ...
$Palantir (PLTR.US)$
$NVIDIA (NVDA.US)$
$Tesla (TSLA.US)$
$Apple (AAPL.US)$
$Alphabet-A (GOOGL.US)$
$Coinbase (COIN.US)$
$Direxion Daily AAPL Bear 1X Shares (AAPD.US)$ $Apple (AAPL.US)$
$DIREXION DAILY MSFT BEAR 1X SHARES (MSFD.US)$ $Microsoft (MSFT.US)$
$DIREXION DAILY NFLX BEAR 1X SHARES (NFXS.US)$ $Netflix (NFLX.US)$
$ProShares Short Bitcoin ETF (BITI.US)$ $Bitcoin (BTC.CC)$
$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$
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