One luxury carmarker is down 20%, a buying opportunity?Although founded in 1948, Porsche became a public company in late September 2022. Initially, the company started to float on the market with an opening price of €84. However, shares rose as high as €120.80 in the coming months. Yet despite these impressive gains since the IPO, shares of the company began to decline in May 2023, losing about 20% of their value through the summer.
In its recent financial report, Porsche AG Group revealed that its operating profit rose 10.7% YoY and sales revenue 14% YoY in the first six months of 2023. Meanwhile, cash and cash equivalents decreased by 52% (by €2.466 billion to €2.244 billion), and the deliveries went up by 14.7% YoY to 167,354 vehicles, with increases in all sales regions. Based on the report, the biggest demand was for models Macan and Cayenne, with 46,842 and 46,399 cars sold, respectively.
Going forward, the company cited supply chain challenges related to auto parts and their quality while noting that risks associated with gas shortages and the Russia-Ukraine conflict decreased. On top of that, the report states: “The explanations on the liquidity risks presented in the risk reporting section of the 2022 combined management report remain unchanged… The overall conclusion that, based on the information and assessments currently available, a development jeopardizing the group’s ability to continue as a going concern is sufficiently improbable in the fiscal year 2023, remains unchanged."
Based on these and other factors, we consider Porsche shares attractive below €100 (with ideal entry around €90 to €92) for the long term (talking about years). However, at the moment, we believe it would be proper to start only with incremental purchases and leave some capital aside for better opportunities.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Bearish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
911
Litecoin (LTC) and the price encoded "wink" to 9/11 shown on theThe excuse given to the public for Litecoin price spike on Sept 13, 2021 was that a story was retweeted by Litecoin Foundation about Walmart accepting Litecoin.
Yes, the story was said to be fake, but the actual reason it was put out and pumped to every media outlet worldwide was no accident - just like many other stories "seeded" to the media - was to give a wink to the 9/11 psyop by those in the know. Keep in mind, this happened just 2 days after the 20 year anniversary of the event. This is shown in Litecoin's price action on Sept 13, 2021, as illustrated on this chart above.
All just a coincidence, right?
911 BITCOIN .5 fib & importance of closing above weekly 20 EMA! first take a look at red arrows, that's how far that candle went to. and see what importance that 'white line' is..
i then did fib retracements. the white arrows represent where i placed those retracements, and you can see that .5 lines up perfect with that 'white line' we fell too.
We need to close the weekly above that 20 EMA or we will be re-visting the mid 30k's again and far worse as shown through bitcoin history if you see what happened when we did close below it on the weekly. Led to 50% drops or more EVERYTIME!
We also need to close daily's very soon above 49k or we will visit mid 30 k's by next week I am sure. That is the consequence of visiting the 50k region. It sets up all the moving averages to that 50k spot we were at, so now if we below those moving averages, well now you know what will happen.
vix weekly forecast (next big market crash coverage, crypto)descending wedge megaphone is bullish for vix
bullish for vix is bearish for market
short /es long volatility
im new to ta, any feedback greatly appreciated
this insight is not financial advise, and im not a registered financial advisor in my state or yours.
also anyone see that bearish bat on /es? ive never played harmonica before but its clear as day.
ill publish if you guys want.
like and subscribe thanks
china number one
i tagged as beyond technical analysis as i was astral projecting when i spotted the pattern
broke sep 2019 resistance level, might act as support now. does anyone know why i hang low and to the left?