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Luna will nearly double before the end of 2022Chart pretty self explanatory. - used EWT and proprietary techniques I developed in confluence to obtain targets - used Gann to establish time to target - used common sense to "risk" September 5.00 calls for 1.10 last week (currently 1.40, expecting them to go for 3.00-5.00 before expiration) I recommend waiting until downtrend breakout for entry if you're not in yet and I if in already add there. Not financial advice but honestly these are conservative targets. If anything it will get in the 9s and consolidate or pullback before going higher. If you're in shares let this ride long-term, very high probability it will make a new high, estimate it will be trading around 28 in the next few years. Best, Luna Lovegood
NASDAQ:LUNALong
by JerryManders
XAUUSD Big Picture - Keep your eyes on the ballNo, the money printer just needs more toner. They have not turned it off. Standing at the current junction, from a monthly chart perspective all is well for continued consolidation around these levels until price is ready to take off. On the daily price is still ranging forming the larger flag, albeit in notoriously choppy fashion. No reason at this point to say for certain that our low is in, but if bulls come in for heavy offense on the double bottom I would be interested in a turn at-bat.
OANDA:XAUUSDLong
by theroadtoprofit
$INVE taking a breather or beginning trend reversal? NASDAQ:INVE Good evening traders! I recently stumbled upon $INVE and its been all around appealing to me so far, with technicals and fundamentals. Today I was looking to add to my positions and at first glance it seems that INVE is at a great place to make another entry. It appears to be taking a breather before going on yet another healthy rally to continue its consistent uptrend so far. However, looking at some more long term Support & Resistance points ( when in doubt, zoom out! ) it seems that the ~$5.5 price level has historically been a difficult price to successfully break through At this point, I'm approaching this stock with more patience, as it plays out and shows signs of either reversal to a downtrend or confirms continuation of the current uptrends. breaking below $5 will be a point to look out for- Continuing to drop down to the ~$4.50 @fib levels, and I'll consider this more likely a reversal to downtrend. For investors this wouldnt be a worry, as this seems to be a strong company so far with promising opportunities in the long term As an active trader its been fun to mark the stable uptrend and ride the gains with it. With my holdings bias, I'm hoping we drop to a stable level of ~$5 or slightly below it, only to rally back up and shoot for a target price of $7.25 Happy Trading!
NASDAQ:INVE
by NillaCoin
PCG thesisThis is not investment advice just the ramblings of an insane trader. I call this a thesis because its been 3 years in the making. Anyway, when it dipped below 4 the second time I became very interested because "utility monopoly", cant go tits up unless broken up by super gavin. So I bought in the red circle. Then sold in the green circle, the blue X is where I fucked up by not holding half my shares and playing with house money. But profit is profit and I'm happy until tomorrow. What happens tomorrow? Friday June 19th? Not only is it Juneteenth it is the day that PCG will likely finally emerge from a 3 year saga of almost bleeding to death in bankruptcy. Why is this important? Well there are a lot of factors at play here: 1. Victims of the fire that caused the bankruptcy: This class is interesting not only did PCG trick them into partially taking stock as compensation for their damages/loved ones deaths the $13.5 billion fund plus stock only goes to victims who didn't already have an insurance claim that was fulfilled. The victims had a sub clause that in order for the stock to be a viable payout PCG had to plead guilty... I mean this is a total shit show. 2. Monopoly status of PCG: PCG is a monopoly no way its not and california was not cool with that; Dear gavin was looking to break it up because of public outrage over what happened, then coronavirus happened and that poor man well he got to wipe the sweat off his brow and take a breather. Not only did he not have to care about PCG anymore he had a greater threat that would distract from the ineptitude present in their inability to do anything about PCGs size. Now this monopoly status and the combination of providing a service that literally everyone needs means that PCG rakes in tons of cash like fucking truck loads. Despite having some really bad quarters of the past 3 years because of wildfire payouts they still have managed to not only stay in business but hold onto a decent cash reserve that will allow them to coast out of bankruptcy with a smaller debt pile than expected. 3. Pensions: California has great pension plans for state and county workers, one of the best features of those pension plans is having PCG stock in them both common stock and preferred stock none of which have been printing dividends for 3 years. This is where the sweat in Gavin's brow comes into play not only did he dodge the monopoly bullet he dodged the retirement float debt bullet. PCG will most likely reinstate their dividend on the preferred stock before the year is out and it will probably come back on the common stock soon there after in 2021. This means that the pensions will have better float than the past three years. And the pensions will likely be buying this stock in gurney to make sure they don't miss the boat on the increase and potential to leverage the positions. 4. Dividends: PCG dividends were only cut because the bankruptcy judge wanted them to be used instead to payout victims, once they leave bankruptcy the wildfire account is established and populated with cash and stock handouts. They will be looking to reissue dividends to the public again to gain a more favorable valuation. 5. Employees: In response to the bankruptcy/wildfire demands PCG had to ramp up hirings so they could go out and identify poles and equipment that was theirs and so they could trim trees across the state. That's right PCG didn't even know what poles and equipment they owned across the pacific northwest, its beyond irresponsible but who cares necessity monopoly. These employees will likely be removed from the on going operations of the company once they emerge from bankruptcy since they will no longer be held to excessively stringent standard practices. They are coming into a situation where utilities are being held to more safety guidelines but SCE was not being held to the same standard PCG was while in bankruptcy so expect them to get a little more lax and have some layoffs in the near future to increase profits a little bit. Lastly not only does this create a favorable position and potential growth situation for the stock lets not forget that the fed is printing free money right now. Any debt that PCG takes on will have minimal impact on its operating business and Hedge funds and other institutional holders will be looking to capitalize on this forward looking idea. I personally feel like rockets will result from this but I cant be sure. Is this going to be shopify? Fuck no, but at 10.80 a share this shit is way way way under valued. We are talking about a multi state power monopoly that issues an essential service to people and gets paid for that service regardless of whether or not the actual homeowner can afford it. The only real reason why the price is depressed is because of the potential and literal gavin threat of it being broken up into multiple pieces and sold off. But now that the bankruptcy is going to end the antitrust situation will be harder to pursue, and corona virus made people all but forget this whole situation. That's my two cents take it or leave it.
NYSE:PCGLong
by d4wn0ff473