Palantir ($PLTR) | The AI Revolution's PowerhouseNYSE:PLTR
Palantir is no longer just a secretive "voodoo blackbox" company; its inclusion in the S&P 500 and its critical role in AI and data-driven government and commercial solutions have solidified its place as a dominant player in the AI software space. Known for its massive government contracts and deeply integrated AI systems like Gotham, Foundry, and Ontology, Palantir is a key asset in the ongoing AI revolution.
The AI Narrative: With AI continuing to reshape industries, Palantir sits at the intersection of AI and data integration, holding massive potential for the future. The company’s success will ride on government and commercial AI adoption, as well as the expansion of its key platforms.
The Setup: While we have scooped up initial entries between $7.50-$10 with multiple secondary entries on the way up, there will be more. This is a high conviction long-term play for the next decade. This is a top buy the dip stock.
Key Buy Zones: Any pullbacks to $30, $28, or $21.79 are optimal entry zones for long-term investors. If a government shutdown occurs, it could provide a rare buying opportunity as it would freeze spending temporarily, a catalyst that could help us get in lower before the inevitable resumption of contracts.
Long-Term Conviction: Palantir has proved that it's more than capable of scaling in the public sector and AI enterprise. This is a top-tier DCA (Dollar Cost Averaging) candidate, especially for those wanting exposure to the AI sector. We are confident that PLTR will never return to the teens again. Look to build positions on pullbacks for long-term holds.
The Targets:
$37 : Needs to break over this level to confirm continuation of strength, after which we would be looking for a retest of trend support from November 2022 ($28-$30).
$45+ : Long-term target by next year. With sustained strength in AI, the stock could exceed this.
$70 : Major long-term target.
Palantir is in a prime position to capitalize on AI’s growth trajectory. With strong AI software, deep government contracts, and powerful platforms in the commercial sector, PLTR is a multi-year hold with high upside. Investors should focus on accumulating during pullbacks, as this stock is one of the rare opportunities to ride the AI wave long-term.
Artificial_intelligence
Can the Tech Titan Weather the Storm?Nvidia, a leading force in artificial intelligence and semiconductor innovation, is now facing a critical juncture. The company has recently experienced a sharp decline in its stock price, compounded by an escalating antitrust investigation from the U.S. Department of Justice (DOJ). These challenges have sparked widespread concern about Nvidia's future and the broader implications for the tech industry.
The DOJ's probe centers on Nvidia's dominance in the AI chip market, with allegations of anti-competitive practices that may limit customer choices. The potential outcomes of this investigation could reshape Nvidia's business and influence the entire semiconductor landscape.
As Nvidia navigates these turbulent waters, its response will determine not only its own trajectory but also the future of AI-driven technologies. The company must address regulatory concerns, diversify its revenue streams, and continue to innovate if it hopes to maintain its leadership in the tech world.
In this time of uncertainty, Nvidia's ability to adapt and evolve will be crucial in determining whether it can emerge stronger or be eclipsed by emerging competitors.
Can Japan Weather the Semiconductor Tempest?In the intricate landscape of global semiconductor trade, Japan's recent decision to restrict exports of chipmaking equipment to China has ignited a tempest of geopolitical tensions. The move, while intended to limit China's technological advancements, risks triggering severe economic retaliation from Beijing. As a leading player in the semiconductor industry, Tokyo Electron finds itself caught in the crossfire, grappling with the potential consequences of this escalating dispute.
The semiconductor industry, a cornerstone of modern technology, is intricately intertwined with global economies. Disruptions to the supply of advanced chipmaking equipment could have far-reaching consequences, affecting industries from automotive manufacturing to artificial intelligence. The potential for economic retaliation from China, a major market for Japanese exports, further complicates the situation.
Japan's decision to impose export controls is driven by a strategic imperative to limit China's technological capabilities. However, this strategy carries significant risks. China has responded with a strong warning, threatening severe economic retaliation. The broader geopolitical context further complicates the situation, as the United States and its allies have been working to limit China's technological advancements.
The question remains: Can Japan successfully navigate this delicate balancing act, maintaining its economic interests while adhering to its strategic objectives? The answer to this enigma will likely shape the future of the semiconductor industry and the global technological landscape for years to come.
Island Gap Potential, Dark Pool Buy Zone, HFTsThis stock has the potential to form an island gap, which are caused by High Frequency Trading activity that triggers on news. The gap down was too huge, so fundamentals are above the current price. This would be a gap UP potential at this point, to create the island gap.
The lows have been established clearly, so selling short this stock is not wise. But smaller funds and retail may try, as they tend to sell short stocks within a Dark Pool buy zone. Chaikin Osc and Money Flow Index are moving upward but the angle of ascent on price is steeper. The faster price ascent could be rapid accumulation from derivative developers.
UIPath creates software for Robotic Process Automation. It was one of the stocks discussed in the Case Study I did with my students in the summer of 2022 on the disruptive new technologies to watch over the next decade.
NVIDIA to $180Overview
It's a good mindset to be skeptical about a bull market that doesn't seem like it should exist. The GDP (Gross Domestic Product) has declined for a second consecutive quarter to a 24 month low and the Civilian Unemployment Rate is the highest it's been since Nov 2021. This leads me to believe that the current rally is being mostly fueled by two factors surrounding artificial intelligence: hype and revenue. NASDAQ:NVDA is the leading A.I. developer and hasn't experienced a decrease in quarterly revenue since November 2022.
When faced with the unknown -- which in this case would be the direction of the stock market -- people cling to what they know. I believe this will present itself in more clearly defined trading patterns and price-swing predictability.
Technicals
NVDA is setting up a pattern that resembles the 5 Elliott Impulse Waves with each wave taking between 3-4 months to develop. If accurate, the trough of the 4th wave could find the share price in the proximity of $100-115.
I utilized Fibonacci levels against the low of the 2nd wave to the high of the 3rd wave. In addition to helping find a support level for the 4th wave, the uptrend Fibonacci tool also provided a projected price target near $180. I compared the 1.618 (161.8%) micro-Fibonacci retracement to the 1.618 macro-Fibonacci retracement, which consumes the entirety of the already existing patterns.
I took the difference of $18.19 between the projected 1.618 Fib levels then created a low and high range where I believe the 5th wave will peak. I ended my projection at this point, however, it is worth noting that impulse waves are followed by correction waves which serve in the opposite trending direction.
Nvidia's Stellar Rise Amidst the AI Gold Rush
Nvidia, the tech giant renowned for its high-performance graphics processing units (GPUs), has been riding a wave of unprecedented success. As the world dives deeper into the realm of artificial intelligence (AI), Nvidia's GPUs have become the indispensable hardware powering the most advanced AI models. This surge in demand has propelled Nvidia's stock to new heights, solidifying its position as a leader in the semiconductor industry.
The AI Revolution Drives Demand
The rapid advancements in AI technology have created a voracious appetite for computing power. Nvidia's GPUs, originally designed for rendering complex graphics, have proven to be remarkably efficient at handling the intensive calculations required for training and running AI models. Their parallel processing architecture allows them to perform multiple tasks simultaneously, making them ideal for the demanding workloads associated with AI.
As AI applications continue to expand across various industries, from healthcare and finance to autonomous vehicles and customer service, the demand for high-performance GPUs has skyrocketed. Companies like OpenAI, Meta, and Google are investing heavily in AI research and development, and Nvidia's GPUs have become a critical component of their infrastructure.
Nvidia's Strategic Moves
Nvidia has been proactive in capitalizing on the AI boom. The company has made significant investments in research and development to enhance its GPU technology and expand its product offerings. In addition to its traditional gaming GPUs, Nvidia has introduced specialized AI accelerators, such as the A100 and H100, which are optimized for AI workloads.
Furthermore, Nvidia has been expanding its ecosystem through partnerships and acquisitions. The company has collaborated with major cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform to offer AI services based on its GPUs. This has made it easier for developers and businesses to access and utilize AI capabilities.
Challenges and Opportunities
While Nvidia's prospects appear bright, the company faces certain challenges. The semiconductor industry is cyclical, and there is a risk of a slowdown in demand for GPUs if the AI market experiences a correction. Additionally, competition from other chip manufacturers, such as AMD and Intel, is intensifying.
However, the long-term outlook for AI remains positive, and Nvidia's strong market position and technological leadership give it a significant advantage. As AI continues to penetrate various sectors, the demand for high-performance computing power is likely to grow, providing ample opportunities for Nvidia to expand its business.
Conclusion
Nvidia's success story is a testament to the transformative power of AI. The company's ability to leverage its GPU technology to meet the demands of the AI revolution has propelled it to the forefront of the semiconductor industry. As AI continues to evolve and reshape the world, Nvidia is well-positioned to capitalize on the growing market and maintain its leadership position.
CSCO Layoffs Positive for the StockNASDAQ:CSCO gapped up on its earnings report even though the company has failed to reinvent and failed to change to HyperAutomation in its IT departments quickly enough.
News of layoffs is considered a positive action on the part of the officers of the corporation who are responsible first and foremost to INVESTORS and cutting costs so that the company can slowly regain revenues and earnings for dividends for INVESTORS.
Delaying layoffs, which may be kind and thoughtful for employees, is a negative for INVESTORS, namely the giant Buy-Side Institutions, because it extends and worsens the financial condition of the company.
As more and more companies buy robots/robotics and AI technology, these will reduce payroll expenses and help to control internal business inflation, which is caused mostly by rising payroll expenses with declining productivity from the workforce of the company.
This is always misunderstood by retail groups who believe layoffs are a bad thing for the "economy." The world of commerce and the financial markets is not a fair or kind place.
TSLA Bearish Pennant
NASDAQ:TSLA
I'm torn on Tesla (TSLA). While I believe Elon Musk is a visionary leader, the stock's short-term outlook appears challenging. Increased pressure from Chinese manufacturers like BYD and broader macroeconomic headwinds make a bullish picture difficult.
Tesla is more than just an automaker, with tailwinds from its energy storage, self-driving, and robotics divisions. However, these aren't likely to materialize in the near term.
Recent Developments:
Broke below 200-day moving average (DMA).
Retested and failed to break above the 200-DMA multiple times.
Formed a bearish pennant pattern between the 200-DMA and 100-DMA.
Bullish Case: TSLA recently broke above a downward trend line and is finding support on the 100-DMA. If this holds, we could see higher highs compared to the most recent run-up.
Bearish Case: A break below the bearish pennant while below the 200-DMA could target the previous low this year. While there's a chance of a buying spree at that point, a continued decline is also possible.
PLTR: Broadening Wedge for an epic ending diagonalOwning PLTR would be a roller coaster ride for the last one year. This move is looking more like a broadening wedge formation. Even though it is not a very common ending diagonal pattern, it still can play out like one. RSI has been steadily making a lower high as price is making higher high. Each impulse is met with crushing correction and invalidated patterns. Long and short equally reckt. All signs point to an ending of an expanded wave 5. Price can hit all time high by end of this year or get close. My target would be at least $40, which would be 1:1 with minute degree wave 3. We should expect a pull back in the next couple of weeks and then a steady move up. I don't have a position but I will be watching this last move carefully to target a short for intermediate degree wave 2 short and followed by a generational entry point for intermediate wave 3. Hopefully, sometimes early next year, opportunity will arise to buy and hold pltr until I retire....
SYM to $89Overview
Consumers of artificial intelligence have garnered my attention, specifically cybersecurity and robotics automation companies. This is a hopeful attempt to obtain early exposure to industries that may thrive during the era of artificial intelligence. Symbotic ( NASDAQ:SYM ) is one of the those companies.
What does SYM do?
Symbotic Inc. utilizes artificial intelligence and robotics to enhance warehouse production. How this translated to me is that they support online shopping (ex: Amazon) by generating environments that can keep up with the demand through the use of robotic automation and artificial intelligence. This could be used in just about every business venture as a growing company will face the challenges that come with maintaining a healthy supply chain. This is why I believe Symbotic has a bright future ahead.
As of 24 July 2023, Symbotic and SoftBank ( TSE:9984 ) jointly founded GreenBox Systems LLC which aims to provide access to Symbotic's automations and software. The goal is to reduce inventory costs while simultaneously increasing capacity and management -- organization and collection. SoftBank has also vested in Symbotic with the purchase of 17.8M shares (worth $707,550,000 today) in addition to an unspecified amount of warrants covering 2% of outstanding shares. Warrants are similar to options except they are distributed to the holder directly by the underlying company.
Key takeaway: SoftBank is significantly invested in the A.I. powered robotics company.
2025 Price Target
Symbotic has been in a yearlong symmetrical triangle that appears ready for a breakout before the end of 2024. If a breakout does occur, I believe the share price will reach around $89 USD sometime in 2025. This price target was determined by utilizing uptrend Fibonacci retracement levels from the lowest and highest values of the current trading pattern.
Short-Term Price Target
A double bottom pattern appears to be forming which may see the share price diminish back to the $32-35 price range (yellow circle) in the near future. Should these price levels experience significant support, I believe the next area of significance will be the $41-42 price range (green circle). A breakout at this level may indicate a further rally.
Stock Pricing Above Fundamentals Ahead of EarningsWeekly Chart: NYSE:ANET reports today after the close.
The stock has a short-term topping formation that is nearly completed. The prior runs went speculative but then corrected. The top is similar to the previous peak and the depth of correction is likely to be similar.
The stock has simply moved beyond fundamental levels. This is NOT likely to turn into a long-term top unless there is something substantially wrong with the company and its products. To become an intermediate-term top, it must have lower highs and lower lows. That is not in the chart at this time.
Ideally, the stock needs to shift sideways to build a much stronger support level to sustain a longer-term uptrend. HFTs are in the mix and may gap the stock on earnings news.
Is PAAL on the Verge of a Bullish Breakout?Yello, Paradisers! Have you noticed the recent surge in #PAALUSDT? After bottoming out from a double bottom formation, #PAAL has shown significant bullish momentum, capturing attention with its strong upside movement. But the question remains: Is this the start of a sustained rally, or just a temporary spike? Let's dive in!
💎PAAL recently recaptured a crucial S/R level between 0.270 to 0.284, confirming this zone as a strong support area. The price retested this level and held firm, setting the stage for a strong upward run. The potential formation of an AB=CD bullish pattern suggests that price could see more upward movement if this pattern plays out. If PAAL maintains 0.270 to 0.284 level support in the coming hours, a move towards minor resistance levels of 0.3770 to 0.3915 is likely.
💎While some profit-taking might occur at minor resistance zone, sustained momentum on the other hand could push PAAL even higher, targeting the strong resistance levels between $0.504 to $0.540. This strong resistance coincides with the 50% retracement of the corrective wave between 0.88 and 0.17, making it a significant target.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Topping Pattern Ahead of Earnings: AAPLNASDAQ:AAPL needs to have a great earnings report on August 1st but it has a topping formation at the moment, after huge speculation from promoting something that is not yet proven to increase sales. You can't take hope to the bank. Speculation occurred as investors assumed that AI would sell more new iPhones in droves. This earnings report will reveal reality one way or another.
There is a negative divergence between the price trend and accumulation/distribution suggesting there may have been quiet rotation against the retail speculation.
Nvidia - Still waiting for a correction!NASDAQ:NVDA is clearly overextended but still not bearish at all on the smaller timeframes.
If you watched my previous analysis on Nvidia, you know that I have been bearish for quite some time and totally wrong so far. But there was never ever any single sign of weakness so I did not take any trade betting on price to go down. Nvidia is still retesting resistance, it is still somewhat overextended and I still do expect a visible rejection away towards the downside.
Levels to watch: $140
Keep your long term vision,
Philip - BasicTrading
NICE Ltd: Seeking Value While Riding The AI WaveKey Rationale:
Profitable technology firm with a track record of commercializing AI. World leader in two industries primed for significant growth, with a comprehensive suite of products and a treasure trove of historical data for AI training. Solid Growth profile and five-star valuation make it an ideal GARP investment.
Company Profile:
A tech powerhouse that’s quietly revolutionizing customer engagement and financial crime solutions. NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions. NICE Ltd. was founded in 1986 and is headquartered in Ra'anana, Israel.
Comments:
One of the best available Ex-U.S. stocks.
Narrow Moat, Exemplary Capital Allocation.
NICE’s long-term vision aligns with the AI revolution.
Recently beat on top-line and bottom-line estimates.
Recently announced a New $500 Million Share Buyback Plan.
5-Star Valuation on Morningstar, NICE is trading at a 36% discount.
Incessant selling is unwarranted and partially due to a CEO transition.
Multiple industry analysts rank NICE as a major player with the best technology.
Cloud Company with actual Profitable Growth, making NICE an intelligent investment in AI.
Publicly traded since 1996, NICE is not some hot new flash-in-the-pan AI IPO, it's got staying power.
CXone Mpower is the Ultimate CX-Aware AI Offering, Providing Continuous, Memory-Driven Human and AI Collaboration.
They are developing a moat around their AI offering due to the sheer scale of the number of transactions they perform each month.
Nice has strong user retention metrics, and cloud growth means greater recurring revenue.
Cincinnati Emergency Communication Center Leverages NICE to Improve Operations.
Italy’s Police Deploy NICE Inform at All Control Rooms Nationwide for Incident Intelligence.
Named the Leader In 2024 IDC MarketScape for Contact Center as a Service Report.
Named the Conversational Intelligence Market Leader in 2024 Opus Research Intelliview Report.
Recognized as Category Leader in the Chartis 2024 CLM Solutions for Corporate and Investment Banking Vendor Landscape Report
Proprietary Scores:
GreenBlue Cumulative Rank: 196/2982 (Lower = Better)
GreenBlue Current Rank: 509/2982 (Lower = Better)
GreenRed Current Rank: 348/499 (Lower = Better)
Gurufocus Score: 95/100 (Higher = Better)
Stellar Profitability, Growth, and Quality scores for a foreign company in GreenBlue (138, 488, and 233 out of 2982)
Competitors:
CRM, INTU, NOW, CDNS, SHOP, ROP, ADSK, DOCU, GWRE, TWLO, FIVN, RNG
Risks:
Foreign companies have embedded geopolitical risk.
Larger AI competitors eat their lunch. Microsoft's push into the contact center will increase competition.
Nice is undergoing a cloud transition, and the timing of legacy customer migration and degree of success on this front remains to be seen.
Prior personal investments in software application companies have been very risky. Failed investments include FIVN, RNG, and TWLO.
Copper Constructive but Struggles for BreakthroughFollowing a sharp pullback from May’s record peak, Copper made a strong start to the third quarter, returning above the EMA200 (black line) and regaining the initiative. It tries to take out the 38.2% Fibonacci of that decline that will allow it to push towards 5.000-5.041 handle and eventually challenge the all-time highs (5.200). The fundamentals remain favorable, as key miners have lowered their activity, while the AI boom and the clean energy transition drive demand for the non-ferrous metal.
On the other hand, there are risks to the upbeat supply-demand outlook, like China’s bympy recovery and distressed property sector, along with a slowdown in EV adoption and other factors. Furthermore, Copper struggles to break above the pivotal 38.2% Fibonacci and failure would create scope for lower lows (4.323) but the downside appears well protected and sustained weakness past it looks hard, technically and fundamentally.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Tesla’s Post-Deliveries Surge Stretched from an EV StandpointTesla is having a rough year, being the underperformer of the Magnificent Seven group, as its peers surge. But the stock soared to new 2024 highs after the Q2 delivery report showed a substantial sequential increase, gaining more than 20% this week. Bulls are now back on the driver’s seat and have the opportunity to chase last year’s peak (299.29), although the record highs are distant.
However, this surge is hard to justify from a purely EV prospective. Tesla may have offloaded some of its inflated inventory in Q2, but deliveries were lower than a year ago, just as sales of Chinese rival BYD surged. Demand has weakened despite price cuts, the futuristic Cybertruck is not for mass production (and not for everyone) and we still have not gotten an update of the aging Model Y, which was the best-selling car of 2023. At the same time, there is some uncertainty around the crucial 25K affordable car that could accelerate sales and EV adoption, although it’s a price point where Tesla may have a hard time competing against Chinese firms.
Given these factors and the fact that the stock rally is stretched, a return below the EMA200 would not be surprising. This would create risk for new 2024 lows (138.80), but sustained weakness has a higher degree of difficulty.
Tesla at this point seems like a somewhat overvalued car maker, but an undervalued Artificial Intelligence company. At least part of the market optimism must be based on the AI promise. Elon Musk is preaching AI as the future of the firm, in a technology with the potential to unlock tremendous value as Tesla definitely has an edge, given the vast amounts pf proprietary data it collects from sources like the cameras and sensors in the hundreds of thousands of vehicles it has sold. The CEO pushes hard on full self-driving and robotaxis, with announcements expected in August, as well as humanoid robots and envisions more than a thousand of them working at Tesla factories next year.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
signs of a potential bullish reversalthere are early signs of a potential bullish reversal, such as the oversold RSI and the formation of higher lows, the confirmation of a breakout would require:
A decisive break above the descending trend line.
Sustained increase in trading volume.
Close above key Fibonacci levels, especially 0.236 and 0.382.
NVIDIA - Correction after stock split?NASDAQ:NVDA has been one on the strongest stocks of the past decade with a rally of +25.000%.
Today, Nvidia had a stock split of 1:10, meaning that for every 1 share of Nvidia, you recieved another 9 shares (10 in total). Therefore, Nvidia stock price was simply divided by 10 ($1.200 / 10 = $120). Nvidia stock is currently retesting a major resistance trendline and is repeating another "cycle pattern" like we saw in 2015 and 2019. A correction is simply quite likely.
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
Broadcom - Just be careful...NASDAQ:AVGO is quite overextended and retesting resistance so you have to be careful.
Broadcom is rallying. This is a pretty obvious fact, considering that Broadcom is up roughly +330% over the past 1.5 years. Eventually we will see a correction, the only question is when and where. Currently, Broadcom is retesting a resistance trendline which has been pushing price lower for over a decade. Maybe this is a good area to close partials and monitor price closely.
Levels to watch: $1.840, $1.140
Keep your long term vision,
Philip - BasicTrading
QSTAR(Q*) can Go Up at least +160%_+300%Today, I want to introduce you to a Token in the field of Artificial Intelligence(AI) ; as you know, Artificial Intelligence(AI) is at the beginning, and it is better to focus more on this field.
The name of this token is QSTAR(Q*) ; I will explain it and how you can get it in the following.
Please be with me.
QSTAR(Q*) can have the potential to increase the price a lot. I have reasons that I will mention here:
1- You can get the QSTAR(Q*) token on the Uniswap platform ; this means that if this token is listed on valid/centralized exchanges, it will make a big jump.
2- QSTAR(Q*) is active in Artificial Intelligence(AI) . According to my research, they are preparing a smart bot for this field .
3-Even Elon Musk tweeted, " Guys, I found Q ." This tweet was apparently about AI and may have mentioned QSTAR(Q*) .
4-The Total Supply has been announced as 10,000,000,000 , which prevents inflation.
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Technical Analysis :
QSTAR(Q*) is moving near the Support zone($0.0003-$0.00018) , Support lines , Monthly Pivot point , and SMA(100) .
I expect QSTAR(Q*) to rise to at least the previous top($0.00079) after hitting the Support zone($0.0003-$0.00018) . If it is listed on a Centralized exchange, it will be a different story, and we will have to wait for the QSTAR(Q*) token to increase by several thousand percent(%) .
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I thought you might not know the steps to buy from the Uniswap platform , so I decided to explain them to you in order.
QSTAR(Q*) token purchase steps:
1- First, you enter the Uniswap platform.
2-You connect the wallet to the Uniswap platform
3-Remember that you need Ethereum(ETH) to buy and transfer(Fee) from the Uniswap platform.
4-When the token reaches the Support zone($0.0003-$0.00018), either Swap or use the limit option.
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Note: If you don't know how to buy from Uniswap , be sure to read more about it.
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Note: Be sure to follow the capital management
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QSTAR Analyze (Q*USDT), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.