SLB Schlumberger Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SLB Schlumberger Limited prior to the earnings report this week,
I would consider purchasing the 54usd strike price in the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Buy-sell-indicators
MITK Mitek Systems Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MITK Mitek Systems prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
C Citigroup Options Ahead of EarningsIf you haven`t bought the dip on C Citigroup:
Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week,
I would consider purchasing the 62.50usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.59.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MATIC Polygon Consolidation AreaFollowing MATIC's precise entry into the Buy Area:
At present, I anticipate trading within a range, awaiting price consolidation around $0.95 before witnessing another significant move.
NVDA Nvidia Double Top If you haven`t bought NVDA before the previous earnings:
Then it's important to note that technically, we're currently in a double top formation, which is one of the most bearish chart patterns. While I anticipate NVDA to rise by the year's end, it appears bearish for the next month.
GOEV Canoo Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GOEV Canoo prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.88.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GOLD's New Bullish CycleWe are close to my previous price target for GOLD:
In recent weeks, Gold has captured the spotlight by surging to all-time highs, signaling a potential shift in the precious metal's market dynamics!
The breakout has garnered attention from investors, raising expectations for a new bullish cycle, with some setting a price target of $2500.
Historically, gold has been perceived as a safe-haven asset, particularly during times of economic uncertainty, geopolitical tensions, or inflation concerns.
The recent surge in gold prices suggests that investors are increasingly turning to the precious metal as a store of value and a portfolio diversifier.
The $2500 price target underscores the optimism surrounding gold's future prospects!
MSTR MicroStrategy Incorporated Fair Value | Potential Sell-OffAchieving a scenario where MSTR trades at parity with its Bitcoin reserves would necessitate a remarkable surge in BTC price to $157,000, marking a staggering 130% increase from current levels!
At today's BTC price, MSTR's ideal settlement range would hover around $775-$800, representing its fair value!
Adding a slight premium, my adjusted price target for MSTR would be $960!
The growing popularity of Bitcoin ETFs presents a challenge to MSTR's relevance, making it useless to hold MSTR at such a high premium to its BTC holdings!
It's worth noting that CEO Michael Saylor sold 1,508 shares of the company on March 14, 2024.
BRZE Braze Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BRZE Braze prior to the earnings report this week,
I would consider purchasing the 50usd strike price in the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $5.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MATIC Polygon Potential Retracement SoonIf you haven`t bought MATIC before the rally:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $0.92- $0.98 range!
TMC the metals company Options Ahead of EarningsIf you haven`t bought TMC before the previous earnings:
Then analyzing the options chain and the chart patterns of TMC the metals company prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price in the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PATH UiPath Options Ahead of EarningsIf you haven`t bought PATH before the previous earnings:
Then analyzing the options chain and the chart patterns of PATH UiPath prior to the earnings report this week,
I would consider purchasing the 23usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $4.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
STNE StoneCo Options Ahead of EarningsIf you haven`t bought STNE before the previous earnings:
Then analyzing the options chain and the chart patterns of STNE StoneCo prior to the earnings report this week,
I would consider purchasing the 17usd strike price Calls with
an expiration date of 2024-3-22,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZM Zoom Video Communications Options Ahead of Earnings If you haven`t sold ZM before the previous earnings:
Then analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week,
I would consider purchasing the 61usd strike price in the money Calls with
an expiration date of 2024-3-1,
for a premium of approximately $3.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA:
Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 26usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
As you can see in the chart, I'm bearish short-term but bullish by the end of the year.
Buffett Trims Position in AAPL ! The End of the Apple Car Dream In the wake of Apple Inc.'s recent fiscal first-quarter results, a concerning narrative unfolds as the tech giant faces significant challenges.
Sales in China plummeted by 13%, amounting to $20.8 billion in the quarter ending December 30. This stark decline not only fell short of analysts' expectations, who had predicted $23.5 billion, but also marked Apple's weakest December quarter performance in the Asian nation since the beginning of 2020.
The downward trajectory doesn't seem to stop there. In a notable move, Goldman Sachs has removed Apple stock from its 'U.S. Conviction List,' casting doubt on the company's short-term prospects. This decision by one of the world's leading investment banks signals a loss of confidence in Apple's ability to outperform in the market.
Adding to the turbulence is the breaking news that Apple is winding down its ambitious electric car plans, ending a decade-long venture. According to reports from Bloomberg, the company is set to cut some employees associated with the Apple car project, with many expected to transition to focus on artificial intelligence (AI) initiatives. This strategic shift raises questions about Apple's ability to stay competitive in the rapidly evolving tech landscape, especially given the intensifying competition in the AI sector.
Adding to the mounting concerns surrounding Apple Inc. (AAPL), Berkshire Hathaway, led by legendary investor Warren Buffett, made a notable move in its latest 13F filing. Dated February 14 and covering the period ending December 31, 2023, the report reveals a strategic decision by Berkshire Hathaway to sell approximately 10 million shares of Apple.
My Price Target for AAPL is $168 by mid 2024.
GOOGL Too Woke to Enter the AI Race Yet !!If you haven`t bought the dip on GOOGL:
Then you should know the recent controversy surrounding Google's Gemini AI was sparked by a viral post revealing an image generated by the tool. This image depicted the U.S. Founding Fathers, inaccurately featuring a black man.
The incident raised concerns about the AI's historical accuracy, prompting discussions about the precision and reliability of Google's Gemini AI image generator.
Gemini faced criticism for producing images of German soldiers from World War Two that deviated from historical accuracy by featuring a black man and an Asian woman.
The AI stated that there was "no right or wrong answer" when comparing Elon Musk posting memes to the actions of historical figures like Hitler.
Gemini firmly rejected the idea of misgendering a high-profile trans woman, Caitlin Jenner, even in a hypothetical scenario involving a nuclear apocalypse.
These instances of over-politicized responses have raised questions about the nuanced understanding of ethical dilemmas within the AI system.
The controversy surrounding Gemini prompted Google to promptly pause the tool and issue an apology, acknowledging that improvements were needed to align the tool with ethical standards.
I expect to see some significant resignations at Google soon!
My price target for GOOGL for the next 2 months is $130.
NVDA Nvidia Buy the Dip OpportunityNVDA and MSFT stood out as my top picks for 2023!
On the chart, you'll find some of my past buy recommendations, such as this one before the earnings:
In my view, the current retracement presents a favorable 'buy the dip' opportunity.
Utilizing the Fibonacci retracement tool, I've identified a buy zone between the 0.618 level and 0.5, ranging from $785 to $821.
My year-end price target is set at $1100!
Most likely, we'll see a stock split soon, a move that is statistically considered bullish!
SPY S&P 500 ETF Potential Retracement ! If you haven`t sold AAPL after after Buffett trimmed his position in it:
Then you need to know that at 12.90%, Apple is the Nasdaq Composite's largest stock by weighting, followed closely by Microsoft at 12.14%.
Even though Apple has diversified its product line with Watch, AirPods, and services, the iPhone is still responsible for 52% of its revenue.
Today, we found out that APPLE'S CHINA IPHONE SALES TUMBLE 24%, LOSING OUT TO HUAWEI.
A downturn in AAPL could have a cascading effect on the overall market!
PEPE Potential Correction SoonIf you haven't entered PEPE in the buy area:
Now, at an RSI exceeding 93, it seems we are currently in a massive bubble.
The previous corrections following an RSI surpassing 76 were significant, as you can see in the chart!
Taking into account the Fibonacci retracement tool, my anticipated price target is $0.00000243, corresponding to the 0.618 level