SPY - Roadmap Update | Shorts are tired | Big Bounce soon 🚀 🔮AMEX:SPY SP:SPX CAPITALCOM:US500 CME_MINI:ES1!
All downside targets met. Now it is time to see some upside action imo 📈
It was a fun ride down from the top. Almost down -10% in 2 months. Shorts are looking tired down here, and no interest in shorting now as long as the bulls are protecting the lows. Expecting a big bounce soon to fill the gap above.
52weekhighs
IRDM : POSITION TRADEIridium Communications: A Great Company At A Fair Price
NASDAQ:IRDM
- Iridium Communications has done really well in recent months between landing another large contract and increasing financial guidance.
- This has sent shares roaring higher, but this has a downside to it as well.
- The stock seems to be more or less fairly valued at this time, even though the firm remains excellent for long-term investors seeking stability.
...As revenue has risen, profitability has also increased. Net income of $4.6 million in the latest quarter was higher than the $3.8 million reported the same time one year earlier. Operating cash flow in the latest quarter came in at $99.8 million. That's 32.7% above the $75.2 million generated just one year earlier. Meanwhile, EBITDA for the company expanded from $94.8 million in the second quarter of 2021 to $105.9 million the same time this year. Naturally, this strong bottom line performance has had a positive impact on the company's results for the first half of the year as a whole.
Due to how things are turning out so far this year, the management team at Iridium Communications decided recently to increase their guidance for the current fiscal year.
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Daniel Jones, Seeking Alpha, Aug. 02, 2022 11:15 PM ET
Is it time for industrials already? $ROKTechnology and Consumer Discretionary tend to lead the start of bull markets and Industrials should follow up.
The Industrials ETF AMEX:XLI is not outperforming the SP:SPX but, NYSE:ROK certainly is.
Maybe will be the sector's leader, is ranked #6 by IBD in its industry group ( AMEX:GAST ).
With higher lows and higher highs since June of 2022, Rockwell Automation is about to make new 52-week highs from a cup pattern. With the OBV already making new highs.
Will there be a handle? Maybe, it just had 4 weeks in a row closing higher. Let's wait and see.
I'd buy the breakout above $305 with a target sell at $350.
CAMLINFINE breakout with volumeCMP 170.95 | Near 52 Week High | Stock gained more than 20% in one month | Strong Momentum: Price above short, medium and long term moving averages | RSI indicating price strength
Camlin Fine Sciences Ltd is the world`s second largest manufacturer and marketer of food grade antioxidants TBHQ and BHA.The company`s product range includes Food Ingredients like Antox TBHQ,Antox BHA ,etc,Sweetener and Active Pharmaceutical Ingredients like Miconazole Nitrate B.P. / USP,Clotrimazole B.P. / USP,Amlodipine Besilate E.P,etc and Super Absorbent Polymer
*Not Recommendation. Please do your due diligence
Microcap : 132% Gain on Inverse H&S and 52wk high BreakoutHuge things happening here with Government task orders awarded and many more in line. $22M Company with $BILLIONS in potential government contracting revenue. Has signed multiple contracts with huge telecom, insurance, and government agencies for flood, fire, catastrophe planning with its proprietary technology that no other company in the world currently has. Do your DD fast and get in. CEO is largest shareholder and just participated int he private placement.
AXISBANK : Trading at 52week high#AXISBANK good strong breakout after 2 failed attempts
>> If it Retraces, accumulate till safe entry levels
>> If it doesnt Retraces, enter above previous high levels
Targets as per Fibonacci
Good Strength in stock
Take 5-10% and Keep trailling
Keep Learning....Keep Growing....Keep Trading
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WFRD - Weatherford InternationalSitting near all-time highs, WFRD is one of the strongest looking setups in the market. Enormous EPS growth estimates for next year, coiling up tightly post-earnings, showing massive relative strength.
A breakout on volume for this name would be one of the very few breakouts that I would trust in the current market. Energy stocks seem to have the ability to be one of the few areas of the market that's able to kick the bear in the face.
NQ Futures 22-12 15 HTF BreakOut Idea out of Sideways PAOn the weekly we have a high of last week if we break out above that on the current weekly period looking to continue up w a target of breakout above $11333 as a point to pivot or break down if there is a stall at or above the level.
On the weekly we have seen a lot of stocks hit 52 week lows continuing there can be more of that if we do we expect a move down in NQ to below last weeks low prices and make a new low which will be a new 52(+) low on NQ futures and will likely in that case take along QQQ's into new 52 week lows.
MAXN : SWING TRADE / SCALPINGMaxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore.
First Solar (NASDAQ:FSLR) and Maxeon Solar Technologies (MAXN) were upgraded to Buy from a Sell rating at Goldman Sachs. The investment bank pointed to the tax-and-climate bill signed last month by President Biden as a key driver for the U.S. solar industry.
The law has incentives for the biggest investment in energy-efficient products in U.S. history. It sets aside $21 billion for rebates and federal tax deductions for energy-saving improvements to people’s homes in the next 10 years.
“Simply put, we see stocks with U.S. leverage and/or U.S.-based manufacturing as fundamentally best positioned, and we take a deeper dive look at where valuation would suggest further upside exists,” Brian Lee, analyst at Goldman Sachs, said in the Sept. 7 note.
The bank also updated earnings estimates and price targets for the solar companies in its coverage.
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The growth vs value ratios are making higher lowsAt the above pane is the SP:SPX making new lows; I really thoght that the low was already made.
Then in red in Small Cap Growth vs Small Cap Value (IWO/IWN), in green is the S&P Growth vs S&P Value (SPYG/SPYV) and in yellow is the Consumer Discretionary vs Consumer Staples (XLY/XLP).
There are a lot more but these are the most common ratios to evaluate what kind of stocks are leading. And if you want a bull market, then growth should lead right?
Well, we are seeing the first steps to it. Look how all peaked before the S&P 500 and now are making higher lows. But remeber, first steps.
Look for stocks that are making 6mo highs and 12mo highs. These should be the ones to lead the next cycle.
NYSE:DV , NASDAQ:DGII & NASDAQ:AEHR are in the top of my watchlist.
What are yours?
ACTION CONSTRUCTION EQUIPMENT LTD ACTION CONSTRUCTION EQUIPMENT LTD GOOD FOR SWING
Daily chart time frame breakout
volume is high
BUY 301.90
sp 267
1st target 333
2nd target 365
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
JKS - Renewable Energy. Ascending triangle setupSigns of accumulation on the right side of this ascending triangle formation
JKS holding up nicely since March 2022 while the general market is going down
Outperforming the SPY, Sector and Industry
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
VIVO - Biotech setup making new 52wk highsSetup was nice. I missed the entry, no FOMO. Must now patiently wait for price to tighten up. There will always be a next train.
Risk: 90 bps
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas