Update: It's not too late to enter (Spot)Ramp has started its pump.
You can wait for a possible correction and then buy in the Green Zone
Or start buying now ($0.31) depending on your risk management.
Buyzone
Buy low (or never), sell high (or never).This is my point of view (the title).
I choose a company that I like plus is better for any reason compared to its concurrency.
These are my fundamentals.
HEXO has the highest quality products out there (leader everywhere) for a lower price than the black market (street price)! This alone is unreal, very good. The company is vertically integrated (just like Tesla) also an advantage.
And as they say "make no mistake about it" the marijuana boom is coming!
The acquisition lately was bad in the short term (hence liability) but it's good on the long run. Sebastien built up this crazy awesome firm during the last decade, now it's time for him to rest and enjoy the products, but this also is a reason for the price drop. Now can start a new era of HEXO and a huge success in the future (open highway ahead) as they will expand further out (not just Israel and a few other places) but everywhere. Huge upside potential! $$
Technicals: Look at the past 10 and/or past 5 years of price levels, consider full TA (for example there is a bullish divergence now for the RSI and MACD going up while the prise consolidates/corrects lower), look at volatility, detect market symmetry and compare it all to the SPY and other stocks that went up a lot lately. And the lower the actual price is the more shares I would buy. Also take the opportunity of any dip/correction to buy more. So, just accumulate.
I also own LMND, TXMD, U, IVR, BB and some others and made a lot of profit on LXRX, NYMT, CDEV, AMC, GNW and some others.
My first (and only) 2 ideas, -back in 2019- were TSLA and BTC, but the "big boys", all the respected & knowledgeable ones talked me out of them (just so you know). I learnt a lot since then and gained experience too. My aim is to have only long term investments and not worry about trading and about the current market conditions.
BTW lastly, an important fundamental factor that I always have in sight with my companies: their products and/or services will or will not be relevant during the upcoming years/decade _regardless_ of market conditions, pandemics, Metaverse, climate change or any news and/or expected or unexpected situation that otherwise could have an impact on the SPY. The answer should be a yes.
MAR showing signs it's ready to go higher!* Great earnings
* Strong up trend
* Very high RS in the Consumer Services sector
* Earnings steadily increasing quarter over quarter
* Breaking out of a ~8 month consolidation with higher than average volume
* Recently broke a long term resistance of $152.78 that dates back to 2019 and retested it as support for ~5 weeks
Trade Idea:
* Now is the perfect time to get in as the price is really close to the broken level and it's also picking up on volume.
* If the earnings are good, this has a great chance of a break away gap.
Diwali Pick - SRTRANSFIN (Rs.1576) 02-Nov-2021, (Dhanteras)
Diwali Pick - SRTRANSPORT FINANCE (Rs.1576)
Please do your own research as well before investing
SITE breaking out of a cup and handle!* Great earnings quarter over quarter
* Very strong up trend
* Breaking out of a cup and handle patter forming since early may of this year
* Very high relative strength over 3 months (57.1) in the Industrial sector
* Broke out with higher than average volume: 22.05%
Note:
* Given the market conditions it's better to book some profits earlier and let the rest of the position run.
MPWR offering another entry before moving higher?* Exceptional earnings
* Very strong up trend
* High RS in the Tech sector
* Breaking out of a ~2 month consolidation with higher than average volume (148.8%)
* Offering another very high volume entry from the initial breakout point
Trade idea:
* Perfect time to enter as it's very close to the initially broken level and it has a tonne of volume!
PBH broke out again with volume!* Great earnings
* Strong up trend
* High RS in the Healthcare industry
* Breaking out of a ~13 week consolidation with higher than average volume (93.18%)
* Recently broke back above $57.53 that has been resistance since 2016
Trade Idea:
* If you can stomach a little volatility, now is the perfect time to get in since the price isn't too far from the broken level and it's breaking out on higher than average volume.
* However, looking at the weekly chart I think PBH may consolidate for a couple of days before heading higher.
* If you're not getting in now, do keep an eye on this one for sure!
TRI positioning itself for a earnings gap up?* Excellent earnings
* Very strong up trend
* High RS in the Industrials sector
* Breaking out of a ~12 week consolidation
Trade Idea:
* Great time to enter as it's extremely close to the broken level with higher than average volume and earnings report is coming out in just a couple of days.
ASGN giving another entry before heading higher?* Excellent earnings
* Very strong up trend
* High relative strength in the Industrials sector
* Offering another entry point for those that missed the initial break out
* High volume entry point (64.63% higher than average)
Trade Idea:
* As always, this is a great time to enter as it's very close to the level and close to its EMA as well.
* If you wanna look for a slight discount you can wait for a buying opportunity near the 118.26 area as it should serve as support moving forward.
URI getting ready to move higher!* Excellent earnings
* Very strong up trend
* High relative strength in the Industrials sector
* Breaking out of a ~8 month consolidation with very high volume (172.64% higher than average)
* Max probable ROI on this trade is 26.08%
Note:
* Institutions don't buy breakouts, they create breakouts.
Trade Idea:
* Now is the perfect time to get in since the price is still very close to the broken level and it broke out on very high volume.
* Also, the last closing candle can be classified as a bullish pin bar showing tonnes of demand under the $364.30 area
ENTG looking to go higher after breakout?* Great earnings
* Very strong up trend
* High RS in the tech sector
* Breaking out of a ~5 month consolidation period with higher than average volume (44.18%)
* Max probable ROI is 31.28%
Trade Idea:
* Now would be a great time to enter as the price is still very close to the broken level and volume is very high
* If you're looking for a slight discount you might want to pay attention to the $130.47 area
TTEK breaking out of a cup and handle* Great earnings quarter over quarter
* Very strong up trend
* Breaking out of a cup and handle pattern forming since Feb 2021
* Breaking out with slightly higher volume than average
* High Relative Strength of 8.15 relative to the Industrial sector
Note:
Given the current market situation, it's better to take some profits early. First target is at 2:1 RR as indicated.
WY offering a Pocket Pivot setup!* Good earnings
* Very strong up trend
* High 3 month relative strength in the Real Estate industry
* In a constructive basing pattern for the past 7 months that's rounding out
* Stable volume with increasing price
* Pocket pivot occurred on the right side of the basing pattern.
Trade Idea:
* You can enter now as indicated if you don't mind a little volatility
* Or if you're looking for a slight discount you can look for buying opportunities near the $36.47 area
Note:
Pocket pivots offer an early entry prior to breakouts. The volume indicates institutional interest.