PETS: An Ugly Chart with a Potential Comeback StoryPetMed Express, Inc. ( NASDAQ:PETS ) has faced a challenging couple of years, with the stock price declining from a high of approximately $50 to penny-stock territory under $5. The company has struggled with customer acquisition due to intense competition. While challenges persist, there appears to be potential for a rebound.
On April 29th, Sandra Campos was named the new CEO. Sandra Campos is a Board Member, 3x CEO, 2x entrepreneur, and advisor in retail, CPG, and technology. Throughout her career as a consumer focused operator, she has built global lifestyle brands and has been instrumental in turnarounds, digital transformations, innovations, and international expansion (CNBC Profile).
Additionally, the company has tried to maintain shareholder equity, while minimizing its use of debt.
- Shares outstanding = 4.34% increase since 2021
- Debt = Issued $1.5 million in debt in 2024. No previous debt
Some other positive factors to consider
- Annual revenues are up from 2022 & 2023. Down compared to 2021.
- Price/Book = 0.91 (Trading at less than book value), sector median is 2.59, which is a -65% difference)
- Recent large insider buying
At the time of posting this idea, the stock is up approximately 34% on the day, based on the recent positive earnings report, with a surprise earnings beat of 300%.
Beyond Technical Analysis
FED RATE DAY , XAUUSD ANALYSIS SEMS 8-11-24🚨Fed Expected to Lower Rates, But Inflation Puts Limits on Future Cuts📌
The Federal Reserve is projected to reduce the federal funds rate by 0.25% on Thursday, bringing it to a range of 4.5%-4.75%. However, bond market signals suggest that the pace of future rate cuts may be slower than initially expected.
The yield on two-year Treasuries, a reliable indicator of Fed policy shifts, shows caution. This yield has historically anticipated Fed actions, such as rate hikes in 2021 and the easing measures started last September.
📝Gold Price Outlook Amid Fed Rate Cut📊
If the Fed opts for gradual rate cuts in the coming quarter, it could weaken the US dollar, which tends to boost gold as a non-yielding asset. A weaker dollar makes gold more attractive to investors.
Investors expect gold to rise following the rate cut, as lower rates reduce the opportunity cost of holding gold. However, with the anticipated rate cuts already priced into gold's current price, the short-term impact may be limited.
Expected Price range as per our panel analysis :
🔻Upper Range : $2730-$2760-$2790-$2820-$2850
🔺Lower Range: $2650-$2620-$2590-$2560-$2520
Range Breakout:$2620-2790 will Lead to Further Decline or Further Ascend.
Despite this, analysts are optimistic that gold could reach $3,000 per ounce by year-end.( $2790 All time high on 31-10-24)
📌Gold and Interest Rates 📝💰
Gold generally moves inversely to interest rates—lower rates typically push gold prices higher by making non-yielding assets like gold more appealing.
As the Fed is set to lower rates this week, many investors predict a rise in gold prices. But if these cuts are already priced in, the short-term impact could be minimal.
AUD/CAD Sell Strategy: Testing Resistance with Downside Targe
Trade Setup: AUD/CAD is currently selling at 0.9266, targeting 0.8939.
Key Resistance Level: The 0.9270 level acts as resistance, aligning with a significant Fibonacci retracement.
Recent High & Low:
High: Recent high around 0.9380.
Low: Current low near 0.9102.
Technical Signals:
Resistance at 0.9270 marks a potential reversal zone, reflecting selling pressure.
Bearish momentum is expected toward 0.8939, which is contingent on sustained downward movement.
Market Context: Recent highs and lows frame a broad trading range, with Fibonacci levels adding technical validity to sell-side positions near resistance
7-11 AUDCAD:a clear signal that our system indicated: a Score of +7 built up from Cot Data 2, Retail sentiment 1, Seasonality 1, Trend reading 2, GDP 0, Manufacturing PMI 0,
Services PMI 1. from the beginning of this year increasingly higher highs. we have placed a buy at 0.92650 with a first target of 0.93580.
EURJPY strong bearish expectations
EUR JPY strong bullish in last periods, currently bearish expectations here.
We have strong signs of exhaustion. Which are visible in DESCENDING TRIANGL which is created in CHANNEL pattern.
Check and analysis on CHFJPY and CADJPY same bearish expxectations there
SUP zone: 166.200
RES zone: 164.300, 163.500
BANKNIFTY : Levels and Trading Plan for 08-Nov-2024
Previous Day’s Chart Overview:
On 07-Nov-2024, Bank Nifty experienced mixed movements, with a notable consolidation phase following an initial upward trend. The chart identifies crucial levels of support and resistance that may impact price action on 08-Nov. The Yellow trend shows a sideways movement, the Green trend represents a bullish outlook, and the Red trend indicates possible bearish paths.
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Trading Plan for 08-Nov-2024
Gap Up Opening (200+ points):
If Bank Nifty opens above 52,125.00 (Opening Resistance) and sustains, consider taking long positions on pullbacks near this level, targeting the next intraday resistance at 52,336.00 .
If Bank Nifty faces resistance near 52,336.00, look for shorting opportunities with a quick pullback target to 52,125.00.
A breakout above 52,336.00 may open doors towards the 52,765.00 - 52,932.00 range, where sideways resistance might curb the bullish momentum. Manage your profits or trail stops within this zone.
Flat Opening (within ±100 points):
If Bank Nifty opens near 51,911.48 and sustains above the 51,965.66 - 51,911.48 zone, look for long opportunities targeting 52,125.00 (Opening Resistance) .
Should it fail to hold the 51,911.48 level, be cautious as it may move down to test 51,614.00 (Opening Support) . Look for buying opportunities here if support holds.
If Bank Nifty consolidates between 51,911.48 and 51,614.00 , consider light trades only when there’s a breakout in either direction.
Gap Down Opening (200+ points):
In the event of a gap down near 51,614.00 (Opening Support) , watch for any buying pressure at this level. A strong bullish reaction here could provide an entry opportunity with targets toward 51,911.48 and 52,125.00 .
A breakdown below 51,614.00 could lead to further bearish movement towards 51,275.00 (Best Buy for Buyer) . Short positions may be favorable here, with stops around the opening support zone.
If Bank Nifty continues to slide below 51,275.00 , the next crucial level is 51,213.00 , a potential reversal point. Observe if support builds here for a trend reversal.
Risk Management Tips for Options Trading:
Set stop-losses strictly, especially near major support and resistance levels, to minimize downside risks.
Consider smaller position sizes and use out-of-the-money options to manage premiums in high volatility.
Utilize hedging strategies, such as spreads, to protect against unpredictable market swings.
Summary & Conclusion:
Bank Nifty’s price action on 08-Nov could provide significant trading opportunities, especially around key support and resistance zones. Exercise caution at the “Best Buy for Buyer” level around 51,275.00, as it could potentially lead to a reversal. Prioritize risk management to protect capital in volatile markets.
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Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only and should not be considered as investment advice. Please consult a financial advisor before making trading decisions.
NZDCAD pattern based analysis
NZDCAD strong structure of FALLING WEDGE pattern. We are have and RBA on 6.11 which is have positive impact on AUD and on NZD.
AUDCAD we can see strong bullish pushing from start of week, here same on NZDCAD expecting higher bullish trend.
SUP zone: 0.82700
RES zone: 0.84750, 0.85200
Growth + Float = Delta money gameSET:DELTA is the best performing large-cap stock since Covid time - the stock is the thiry-bagger from end of 2019 to today (7 Nov 24) - generating massive return to its shareholders and executives.
>> Not a new kid on the block :
Pre-covid, Delta had decent financial performance. The company consistently achieved revenue and earnings growth and was profitable through cycles. It's also a reliable dividend payer - deliver 3%+ yield to its shareholders.
Single-digit growth and contistent dividend payout were Delta's characterictics back in the old days. As such, DELTA P/E had been in the mid-teens.
>> I want it all
In 2018, Delta announced the voluntary tender offer deltathailand.com at the price of 71 Baht/share (Bt 10 par). The company said the tender offer aimed to strengthen Delta's manufacturing capabilities and sales support in Southeast Asia.
Tender process concluded in mid 2019, reducing the free float from 37% to 22% .
GBP/CHF "Pound Swiss" Bank Money Heist Plan on Bullish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist GBP/CHF "Pound Swiss" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Point
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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ETH eyes $4000 as Ethereum Foundation debuts Mekong testnet for The Ethereum Foundation has launched the short-lived 'Mekong' testnet ahead of the upcoming Pectra upgrade. The testnet includes several Ethereum Improvement Proposals (EIPs), such as EIP-7702 for UX updates, EIP-7251 for staking improvements, and EIPs for changes to deposit and exit mechanisms. It aims to engage wallet developers and stakers before the full Pectra upgrade. As the testnet goes live during DevCon Week (Nov 9-17), analysts predict a potential breakout for ETH, with Ethereum's price targeting $4000. The recent bullish sentiment surrounding the upgrade and Ethereum’s price momentum has driven ETH to a 3-month high of $2,800.
To PULLBACK or not to PULLBACK that is the question.....!Looking like the V shape reversal turned into a full push through into all time high so Congrats to Bitcoin for a new ATH!!!! Seems many being on the other side of this trade a pullback may be an ask at this point for every one who has not yet loaded up. Seems like we might pump up and lock out anyone not already in. IF we do pull back I think it will be a flash drop into 72k area. Let's see I suspect we cut into 77k before any type of pullback.
Why We Think Ryde Group Ltd. (NYSE: RYDE) is InterestingSingapore's mobility is now en-route for multi decade growth, and this company, Ryde Group Limited (NYSE: RYDE) could be a multi bagger gem.
Here's why:
As Singapore’s population grows, reaching over 6 million in 2024, the demand for smarter, greener, and more efficient mobility solutions has never been greater.
Singapore is on a mission to become a ‘45-minute city’ by 2030, where everyone can reach key destinations within 45 minutes. This ambition drives innovation in public transportation, shared mobility, and electric vehicle adoption.
Enter Ryde Group Limited, a leader in carpooling, private hire, taxi services, and even delivery. As demand for flexible transport options grows, Ryde stands poised to benefit. With Singapore’s focus on sustainable transit, Ryde’s services align perfectly with the city’s vision for reduced emissions and more
With a diverse suite of offerings, Ryde meets the needs of commuters looking to save time, cut costs, and reduce their carbon footprint—all while enhancing convenience in Singapore’s fast-paced environment.”
Listed on the New York Stock Exchange, Ryde is ready to be a game-changer, bringing Singapore’s vision of seamless mobility closer to reality.
#RYDE #NYSE #FINANCE #INVESTMENT #STOCKS
Nasdaq's Historic Peaks: Insights from BigAskMagnet InstituteThe Nasdaq Composite has experienced remarkable highs, including its dot-com bubble peak of 5,048.62 on March 10, 2000, and more recently, surpassing 18,900 in November 2024. These milestones highlight shifts in market sentiment and the growing dominance of the tech sector.
At BigAskMagnet Institute, we analyze these trends to provide traders with a clear understanding of the forces driving market growth. From the rapid expansion during the 1990s to the digital boom of the 2020s, Nasdaq's trajectory offers valuable lessons for investors navigating today’s volatile market.
Stay tuned for more insights as we decode market movements and uncover future opportunities!
Time to Buy More Gold Futures ContractsAt BigAskMagnet Institute, we believe the time is ripe to increase exposure to gold futures. The precious metal has been demonstrating strong bullish potential, driven by key macroeconomic factors such as rising geopolitical tensions, inflationary pressures, and dovish central bank policies.
Key Points:
Fundamental Factors: Gold is regaining its status as a safe-haven asset amid global uncertainty.
Technical Analysis: Recent price action shows a breakout above , with the next target at . Volume confirms the bullish trend.
Risk Management: Suggested stop-loss at to mitigate potential downside risks.
Gold futures offer a strategic opportunity to capitalize on the current market environment. BigAskMagnet Institute is here to guide you in navigating these golden opportunities.
BTC New ATH EnvironmentEven though price convincingly closed above the ATH with a 1D CC, because it's a Monthly level (March 2024 ATH = level) you have to remain sceptic: it's all about the 1M CC; a LTF setup will determine the closure of the November 1M candle.
If price goes down first (low probably inbetween two dashed lines) then it's probably a free bull run.
If price however goes back to the highest high and afterwards falls below this structure (blue line) then it's probably a short.
Price could also pump and stay above the current highest high, then it's probably also a bull run.
Trading NZDUSD | Judas Swing Strategy 05/11/2024Last week concluded with a 3% gain using the Judas Swing strategy, which yielded three trades in total: two on EURUSD and one on NZDUSD. The EURUSD trades resulted in one win and one loss, while the NZDUSD trade closed with a win. These results have set the stage for a thrilling week ahead in the markets, and we can't wait to see what unfolds! As usual, we arrived at the trading desk at 8:25 EST to delineate our trading zones.
Once these zones have been marked we need to wait for the high or low of this zone to be swept, this step is essential to help us get a bias for the trading session. After 40 minutes, the liquidity at the high of the zone was swept, indicating that we should look for potential selling opportunities in this session.
While we may lean toward a sell this session, we hold back from entering until we see a clear structure break on the sell side. During this shift, price should create a Fair Value Gap, giving us an optimal entry point to step into the trade. After an hour's wait, we finally got a Break of Structure on the sell side, which also resulted in a Fair Value Gap being created.
To fulfill all the entry criteria on our checklist, we must wait for price to retrace into the Fair Value Gap that has formed, and we can only execute the trade once the candlestick has closed. After 10 minutes a candle entered the Fair Value Gap, indicating that upon its closure, we may proceed with executing the trade.
By risking just 1% of our account for a potential 2% gain, we reduce emotional attachment, knowing the loss is manageable, while positioning ourselves for greater rewards. Shortly after entering, the trade went into a drawdown; however, since we had risked an amount we were comfortable with losing, the current state of the trade did not move us.
Upon reviewing the position after some time, we noticed that the trade had started moving in our favor, although it hadn't moved much from the entry price. Given the average trade duration of around 11 hours for the strategy, there’s no rush, we simply need to wait for the setup to deliver as expected.
While the trade didn't reach our desired outcome and we took a 1% loss after the stop loss was hit, we remained unaffected because we were fully prepared for this potential outcome.
Mixed Stocks: Trump, Chinese Stimulus and German CrisisGlobal stock markets presented a volatile day on Thursday, with mixed trends in both Asia and Europe. Several factors have influenced this behavior, from Donald Trump's recent victory in the United States to the possible economic stimulus measures in China and the growing political instability in Germany.
Asian Markets: Caution After Trump Euphoria
In Asia today, Thursday, the initial momentum from Trump's victory, which had driven Wall Street indexes to record highs, began to lose steam. While Japanese stocks managed to rise slightly, benefiting from the depreciation of the yen that boosted exporters such as Toyota, Chinese stock markets showed less dynamism. The FTSE A50 index (Ticker AT:CHINAA50) closed up +3.69% while Hong Kong's Hang Seng (Ticker AT: HKIND) managed a 3.58% rally. However, fears of harsher U.S. tariffs towards China, promised by Trump, are keeping a cautious mood in the region.
Attention is now on China's National People's Congress, where stimulus measures to sustain the economy are expected to be announced. Beijing has already congratulated Trump on his victory and maintains an open dialogue with the US, although concerns about bilateral trade persist.
Europe: Political Uncertainty in Germany and a Drop in Air France-KLM
In Europe, indices started the session with mixed results amid growing political instability in Germany and mixed quarterly reports in the corporate sector. Germany's DAX advanced 0.7%, while the UK's FTSE 100 (Ticker AT: UK100)rose 0.2%, and France's CAC 40 (Ticker AT:FRA40) fell 0.1%.
German politics have been a focus of concern after Chancellor Olaf Scholz fired Finance Minister Christian Lindner, leading to the collapse of the coalition government and the calling of a confidence motion in January. This situation has raised expectations of early elections and could affect economic stability in Europe's largest economy.
On the other hand, Air France-KLM (Ticker AT: AF.FR) shares suffered a 10% drop after presenting a lower than expected operating performance, affected by the costs derived from the upcoming Olympic Games in Paris and higher unit costs. The situation has added pressure to the markets, while other sectors, such as home delivery with Delivery Hero (DHER.GE), showed solid revenue results, slightly boosting its shares.
Oil and Dollar on Investors' Radar
Oil prices stabilized following the recent rise in the dollar and the unexpected increase in U.S. crude inventories. As investors consider the potential impact of a Trump administration on crude supplies from Iran and Venezuela, Hurricane Rafael in the Gulf of Mexico is also disrupting oil production in the region, adding volatility to the commodity market.
On the technical side, Brent crude oil (Ticker AT: BRENT) started the European session continuing the downward pressure of the Asian session. It is currently trading at $75.56 a barrel. The value of the checkpoint is currently in the $75 zone, so the RSI confirms with 44.30% that the price is under some downward pressure. It is very likely that the value of both WTI (Ticker AT: LCRUDE) and Brent will remain in a sideways range and seek to test with its current bullish continuation pattern the $76.06 resistance throughout this and next week, as well as for WTI in the $72.43 zone.
In this context, the Fed's monetary policy and Chinese stimulus will be key to define the direction of global markets in the coming weeks, while European policy remains an element of uncertainty. In a context of limited crude oil production, it is possible that the stock could regain its shine in the direction of $80.
Ion Jauregui – ActivTrades Analyst
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All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
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Reported earlier FLAG breakout now another gap upBased on beautiful earnings, as the estimate and what was reported, the outlook is now favoring, but the price action continues. We are seeing some levels overbought to the rims and need to cool down, releasing the heat of an already hot stock in the TA world, where the precedent is another test at 300. A correction at that time, unless it breaks toward mid-350, as it seems to have stabilized nicely since its infamous gap down, is unlikely.
BTCUSDT - going to 113866.19$My analysis is based on numerology, all the numbers you see on the chart are from the same place. There is a certain numerological symbolism, which tells me that the price has already put the bottom 49(13) and will make a reversal from the zone 52260+- and then will fly strongly upwards with the target first 89k bucks, and after 113k. It's time to look for a good entry point.
GOLD SCALPING ENTRY
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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