Anessa Rippie, Author at FaithMightFX

August 20, 2020October 26, 2020

Who Wants To Buy TikTok?

The future of TikTok remains unknown. TikTok along ,with other popular Chinese based apps like WeChat, have come under scrutiny for its data sharing and alleged lack of data privacy. President Trump has ordered TikTok to either close its U.S. division or be acquired by another company.

Microsoft seems to have gained the most attraction to the app due to its user data potential while adding yet another platform to attract more consumers to its constantly expanding software capabilities. Despite Microsoft seeming to be the company that will buy Tiktok, Twitter has recently sparked an interest into the social media app as well.

Twitter over the years has gained attraction among users through its live streaming capabilities combined with its real time newsfeeds. Twitter has also more recently gained the spotlight through its newly enforced censorship policy regarding misinformation, which has been a catalyst for social media platforms to combat the spread of fake news. These defining attributes are what gives Twitter a leg-up on Microsoft and allows Twitter to easily integrate TikTok into its platform.

$TWTR has relative short-term strength with no foreseeable long-term gains.

According to our chart, $TWTR has had some similarity to $MSFT with its downtrends and corrections from the major March dip. On the contrary, $TWTR has been known to be the “underperformer” among other social media stocks. This is due to $TWTR history of having weak earnings its inability to break its lowest correction lows, and the never-ending political atmosphere that surrounds it. Based on the RSI and H, it is apparent that $TWTR can either be weak and volatile or steady with few and far corrections in between.

Overall, we believe $TWTR in the long-term investing won’t be a huge gainer but steady in terms of price gains with occasional lengthy troths. As for the short-term, we think that $TWTR performs its best under distress especially with the pandemic combined with its political affiliations. Therefore, gains can certainly be made in the short-term especially with $TWTR pattern of gaining before correcting itself.

August 11, 2020October 26, 2020

The Future of TikTok

The popular social media app TikTok has taken millennials and Gen Zers by storm during the pandemic. It has become the video-sharing app of celebrities and influencers and has become a past time similar to scrolling through Instagram and Snapchat. TikTok has also, in recent months, become leverage of political warfare.

ByteDance (TikTok’s parent company) first began causing controversy in India. India banned TikTok for two weeks after border disputes between China had caused an insurrection between the two nations. As a result of this combined with the ongoing tariff war between the U.S. and China, President Trump announced earlier this week about dismantling TikTok due to potential data breaching. China, for years, has been known to tamper with U.S intellectual property. Now with its recently passed security laws, this could be something to carefully look at.

From an investment standpoint, ByteDance has no plans of releasing an IPO and is thought to be overvalued. This is because the app’s popularity recently gained serious attention and still has problems with much-needed consumer retention, especially outside of mainland China. Despite these shortcomings, there are still signs of potential growth with its recent attention through the media. This has especially been made apparent with Microsoft drawing interest to acquire the app. Microsoft wants TikTok because of its data potential. It was announced that Microsoft is heading into a deal with ByteDance for TikTok. It is simply now waiting for final approval from the U.S. government.

$MSFT has potential to be a great long-term buy.

After crashing to lows along with the broader market in mid-March, $MSFT bounced back and increased users among its Microsoft Teams video app and with its Xbox. This could also be attributed to its steady but consistent RSI at 60. Which expresses no giant volatile troths but does show uptake of more buyers coming in while still showing slight contractions which therefore confirm our Fib sequences. The recovery in price is supported by consistent RSI. Although, the contraction in price is being confirmed by the bearish divergence between price and momentum (RSI). Overall, $MSFT is clearly in an upward trend with the potential to continue to drive higher in the long-term. In the short-term, according to our highlighted Fib sequences and the bearish divergence between price and momentum, there looks to be some slight contraction before it starts to really prove its gains.

July 28, 2020October 27, 2020

Investing in the Fear Index

The $VIXX, a.k.a Fear Index, has been a prime indicator to determine where the market is headed, especially when uncertainty is apparent and abundant. It’s typically used as a benchmark or what’s called an intraday indicative (IV) which can even help track and predict where the market is heading. During the height of the pandemic, $VIXX was nearly up 500% because of the devastating effects of COVID-19 on the economy. $VIXX usually trades on average between $25 – $30, but through March was trading around $80! $VIXX just closed yesterday at $29.34, but I believe has a chance to rise again because of the continued uncertainty combined with the wavering effects of the pandemic. Check out $VIXX through 2020 alongside the S&P 500 below to see its stellar performance.