KO Buy the Bad News LongKO which as been in an uptrend corrected today due to the news of a 2,000 case recall for
a Salmonella infection scare. This is a gram-negative bacteria which causes bloody diarrhea
and can lead to sepsis shock and death ( for any with a medical background) The sell off of
about 1.5 % was abrupt with high volumes. I see this as a buying opportunity, Moreover on
the rebound reversal, those who sold short will be buying to cover to cash out for the
end of the week. Others like me will look to add to their existing positions. Overall, a short
squeeze could get underway and a momentum pump occur. I see a quick return to the previous
price over a week or less. I will add to my significant call option position in KO at a discount.
The subtle MACD cross under on the zero lag indicator is a tip off here. For those who like to
wait the flip of volatility from selling to buying and then over the moving average line is a
secondary reassurane albeit a little late.
Catalyst
CTRM Jumps Today Reports in the MorningOn the 15-minute chart, I see CTRM as being well-positioned among traders for
high volatility on the report of earnings. The pump today has printed a tight flag
pattern with consolidation this afternoon. If earnings are okay or even better I see
this penny stock making another 10-15% move just like today. If on the other hand,
if there is a miss, a drop of 5-8 % as a retracement could easily unfold ! The meat of
the matter, is reading the price action and volumes in the premarket and preparedness
overall. Stop loss 0.497 below the Doji candle. First target 10% second 15%
RUMBLE Update: Possible gap fill in the works!Hey folks!
I am fairly exclusive to Heikin Ashi candles for my TA, but I will also use standard to scan for gaps.
I found this one at $12.71-$12.91, and was only able to spot this subtle gap on the weekly chart.
Recovery of this gap will bring some symmetry to the chart, and the GOP debates are the catalyst to back up the move imo.
Happy Trading!
OnePath
Macro Catalysts Looming over BTCThere are several macro catalysts looming that are expected to play out in the next days and next couple of weeks.
- DEBT Ceiling
- FEDNOW launch
- SEC vs Ripple
FED and US TREASURY - DEBT Ceiling
The United States Treasury is going broke, the FED is broke and banks are crumbling.
The market crash actually started back in September 2019 when the yield curve inverted (www.investopedia.com).
The "Debt ceiling" cannot be raised indefinetly and at some point US will most likely have to default unless they reach a deal like they did in 2011.
Image 1:
fred.stlouisfed.org
The FED is basically a bank that has assets and liabilities. Their profits are funnelled into the US government. Since August 2022 they have recorded over $60 billion in losses.
Image 2:
Image 2
The balance sheet of the Treasury shows how much money the US government has. After the COVID printer went crazy the balance sheet reached $1.8 trillion and has now plummeted to $100 billion.
The US government is the ultimate PONZI, in order to pay their debts they need to keep borrowing.
To make it worse the borrow estimates for Q1 2023 where about $500 billion but ended up being double that at about $1 trillion. This goes to show how the US is no longer in control and cannot predict what is to come.
Image 3:
www.bloomberg.com
Bloomberg did a piece on Gold and assets that according to their survey will do well if US defaults. Data is based on 670 participants.
Interesting to see that Bitcoin is considered to be a good BUY in that event.
During a financial crisis, commodities such as Gold, Silver and Platinum have been the "go to" assets along with the YEN and Swiss Franc. It seems like Bitcoin is moving from a Risk-On asset to more of a commodity.
FEDNOW Launching
www.federalreserve.gov
Another important upcoming catalyst is the FEDNOW banking system which goes live July 1st. This is kind of a precursor to CBDC. The question here is, how well will this function and is there any risk of bugs? All software is vulnerable, and a small bug can lead to huge implications because banks will not be able to move money if a bug happens. It is important that the system runs smoothly because on the same date another major catalyst is at play.
- LIBOR to SOFR transition.
LIBOR (London Inter Bank. Overnight Rate) is a group of banks that determines the interest rate on loans, this has been done in London as per the LIBOR
The US wants to move to SOFR (Secured Overnight Financing Rate) , they want to have more control. We are talking about approximately $650 trillion worth of assets that will have to migrate.
The rate on the SOFR is set by the Overnight Rates.
Taking the FEDNOW and SOFR together, if a bug happens with the FEDNOW software, banks will not be able to move money. This would mean that the Rates will skyrocket.
SEC vs RIPPLE - Hinman documents
cointelegraph.com
Another potential catalyst is the 2.5 year long case between SEC and Ripple.
Recently Ripple convinced the court to force the SEC to reveal the Hinman documents.
Hinman is a former SEC director who reportedly stated that ETH is not a security because "it is sufficiently decentralized."
But since the documents are sealed it is uncertain what is exactly ment by this statement. Ripple believes revealing this document can help them win their case.
Ripple winning this case could potentially be one of the most bullish catalysts to have impacted the crypto market. The public release was supposed to be June 6 but is now set for June 13.
Important Dates:
JUNE 1
Yellen states that it is likely that the treasury will not be able to satisfy all obligations as early as June 1
JUNE 13
- Hinman Documents made public
- Inflation figures for May released
JUNE 14
- FED announcement on interest rates decision
JULY 1
- LIDOR to SOFR migration
- FEDNOW launches
$NNOX Receives FDA 510K, Next Big Catalyst?The stock that I like so much finally received FDA 510K on the Nanox.ARC X-ray system. As much as it been short-selled into the ground, I am still heavily invested in it, and I think many of the catalyst in terms of early market and tech validation have already passed. It may not be smooth sailing, but I am still interested in Nanox for the long term, and am still here. That said, none of this is financial or investment advice. Information provided is "as-is". Do your own due-diligence.
EVFM 53X Upside potential according to Morgan Stanley !EVFM Evofem Biosciences has a big upcoming catalyst:
Its Phase 3 clinical trial evaluating Phexxi for the prevention of chlamydia and gonorrhea in women is on track to report top-line data from this landmark trial in mid-October, so we are one week away from results!
Positive study outcomes would enable potential U.S. approval for prevention of these sexually transmitted infections in 2023.
Evofem`s Phexxi whas already approved in Nigeria, the most populous country in Africa and the seventh largest country in the world, 3 days ago.
On 4/12/2022 Jeffrey Hung from Morgan Stanley Boosted the Price Target for EVFM to Underweight, from $7.95 to $8.55.
On 8/15/2022 HC Wainwright Boosted the Price Target to $4.00, giving a Buy Rating.
Now the stock is trading at all time low, $0.16, while 4 months ago it was trading 10X higher.
In my opinion this is a premium call and a great buy opportunity ahead of a Big upcoming catalyst for EVFM Evofem Biosciences.
Looking forward to read your opinion about it.
XRP - Trading Ranges - The Catalyst Has Come Tu Send Us UpAs commodities have started to fall and lose strength after a parabolic rise, equities and crypto have started to shine, espacially alts. XRP is no difference. I don't lean much on the news, but yesterday there really was a great one in the Ripple vs SEC case. I am not gonna go into details but it could be the catalyst we've been waiting for.
It is now only the matter of time before parabolic rise will happen for XRP and other alts. Remember also that volatility rises exponentially with the rise in price. We needed the catalyst, and we got two of them. One for the broader crypto market ( and one specifically for the XRP.
With that sad, since the breakout in Nov 2020 xrp price has been ranging in huge price areas. In my view there are currently 4 confirmed and 6-7 theoretical price ranges based on historical price movement (2018). breaking above yellow trendline should be solid sign for broader investor view, which could further push the price up. As far fib retracement levels goes price tends to react on the levels shown with green arrow (0.618; 0.702 and 0.786) so breaking above $1.65 is crucial as those feb levels, espacially .702 and .786 where decision is usually made where eather price will reverse or have a breakout...... in this case the breakout is imminent.
I am not a financial advisor so non of this should be taken asa financial advise. Be Well.
BINANCE:XRPUSDT
CMC - Infrastructure Bill Fueled Breakout - Industrial SteelNYSE:CMC - this company is in the correct sector to directly benefit from the infrastructure bill. It is forming a Cup basing formation. If the market reacts positively to the news of the Infrastructure Bill getting signed, the vertically integrated steel producer stands to benefit from all of the national construction products that will ensue, especially if the administration keeps its promises about using domestic materials and labor.
Basing Formation: Cup - depth ~22% - duration ~ 14 weeks
Pivot Point: $36
Target: $40
Stop Loss: $32.5
Gap Fill- BullishWatching PINS closely here- Sold off after earnings, patiently waiting for a good entry- with a catalyst or an increase in buyer volume relative to seller volume should really pop- will be looking for a breakout broader market conditions permitting. Bullish, just some FIB levels along with some RSI-based supply and demand zones to keep an eye on.
- Big gap to fill on the upside
- Oversold on the RSI
- MACD is seemingly about to cross
PT1- $57.20
PT2- $58.85
PT3- $60.33+ Breakout
Symmetrical Triangle - Watching closelySymmetrical triangle forming on VRM-
- Looks to be a falling wedge forming on shorter timeframes as well
- MACD Cross
- Bollinger bands squeezing
- Slight bullish divergence on the RSI
- Just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
- Infrastructure talks could serve as a catalyst for a nice bounce (Broader Market Condition Permitting)
PT1- $38.25
PT2- $39.56
PT3- $40.32+
Tesla breakout in mid august?If tesla is in a triangle and breaksout in mid August between 10-12 (note that last years stocksplit announcement was in 11 August.) then I would say Tesla would rapidly go up until the beginning of September and then drop again just like last year. That would mean my projection of $1400+ would be reached in 2 weeks which Tesla is know for having done before. Tesla follows the wyckoff pattern and has done a massive accumulation for many months now and will cause an even greater markup to distribute the bought shares by smart money at the top. Elon musk said that the company would perhaps have their company meeting in late July or early August which means that something could be decided then which could spark a move up.
This is not Financial advice only speculations.
Please comment any thoughts
AYTU Finally Waking Up?AYTU has been under pressure forever with the 50 DMA being the strongest level of resistance over the last few months. However, if you take the chart waaayyyyy out, you'll see that it's bouncing off of a historic level of support, which was confirmed after this latest move. Yet again the 50DMA denied the rally even with higher volume. The company has an upcoming presentation at the Raymond James Human Health Innovations Conference on June 23rd.
"Since its inception, AYTU has evolved into an acquisition-based company that puts a priority on strategic in-licensing. It also has a strong drug development pipeline that focuses on rare genetic diseases called vascular Ehlers-Danlos Syndrome (vEDS). Currently, it’s testing a potential treatment – AR101/enzastaurin, in an attempt to reduce morbidity and lengthen life. While testing can take a substantial amount of time, having a steady flow of research in a pipeline is always encouraging for biotech investors to see."
Quote Source: 7 Top Penny Stocks to Watch Right Now With Big News
Mirum Insane Catalyst Play*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Mirum Pharmaceuticals:
My team has been reviewing Mirum Pharmaceuticals for close to two months, and despite its poor performance in the past month it remains one of top picks for the month of June.
Mirm is to present data for their assets which target rare liver diseases on June 3rd 2021. Its recent price rejection at $15.85 increases our confidence in this play. There have been jumps from this zone up to $20-26, so we expect a similar pattern to repeat. Next week's data results simply have to be adequate enough to regain investor attention. My team is especially confident in the risk-to-reward ratio of this trade.
We entered today @$16.30. Short term take profit @$20.00 Long Term take profit @$30.00
Stop Loss @$14.90
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Vix could have one last spikeThe VIX could have one last spike left in it before it settles down for this secular bull market run. When it settles down it should settle below the '20s but until then a potential catalyst for another spike could be the June 10th CPI release or if a member of the Fed mentions tapering. If numbers come in hotter than expected again, there could be a frantic sell-off accompanied by a spike in the fear index as people worry it is non-transitory.
I am still overall bullish on the market since we are in a secular bull market but corrections are normal, healthy, and necessary in order for the market to take the next leg higher. BMO came out with a year-end target on the S&P of 4500. Some projections show that inflation could run hot for 6 months, which would be transitory. As for the damage it could do to the underlying economy, that is unknown. As for equity, stocks are a natural inflation hedge.
Doge is going to the Moon! This is truly an amazing time to be alive and I am so happy for everyone, congratulations on your gains! Doge has broken out of any trends it had and has far surpassed the .30 cent floor that we had, there is no telling where the new floor will be or if we will go straight to a dollar from here. We finally had 'a' catalyst being Gemini and and eToro acceptance of Doge coin, which is huge news and I hope more exchanges will follow. This was not the catalyst we were looking for however which gives me a lot of faith we will be seeing higher numbers than we had ever expected with Coinbase or Amazon acceptance. I feel that they will no choice but to adopt Doge coin as it is the peoples currency and it will one day be the fiat currency of the world!
This is not financial advice. I am so proud of everyone who has followed this journey and held, take some profits if you want and celebrate, 10% off the top and let the rest ride! We are going intergalactic.
TAAT about to get uplisted on the NASDAQHello bull gang, this one is a short term and I'd keep my expectation low.
Intro:
TAAT is a hemp cigarettes distributor and on the 26th April, submitted initial application on the NASDAQ which takes max 4 weeks to approve.
I've marked 2 possible dates when NASDAQ application will be approved, one is less than 2 weeks and another one is between 2 and 4 weeks.
The quicker approved, the less possibility to dip and drop of volume. If after 1-2 weeks it's not approved, expect drop in volume, interest and price.
Pros:
-Volume rising, can hold for 1-2 weeks
-Place for growth, can target 5-6$ price in short term.
-Short play, max 4 weeks to approve the application.
-Can quick sell the news to other late buyers.
-Retail it on the NASDAQ or sell the news on the day of approval.
Cons:
-Serious red day will send it to dip and kill the trend.
-Volume may not survive even one week.
-Holding 4 weeks is a risk and you should setup your stop loss trigger in case things turn ugly.
-OTC stock, prone to manipulation.
Small Warning: Do not take this as financial advise, think before you buy something and plan ahead.
Ascending Triangle Breakout - BOOM Massive Short SqueezeAscending Triangle Breakout on 2hr chart in the context of a short squeeze above 42.60 - plz see prior post
Catalysts (from Reddit) www.reddit.com
1 Nomura Earnings 27 April
Nomura is the last of the big banks with Archegos exposure to report earnings. This will inform hedge funds that the risk of big banks unloading millions of VIAC shares is over. Hedge funds will be more willing to take a heavy long position on VIAC knowing that they won’t buy in right before a big dump of shares.
2 Discovery Earnings on 28 April
Discovery recently filed with the SEC to move their earnings forward a week. The most likely reason for this is the company beat guidance and management wants to defend the share price. This is bullish for VIAC for two reasons. First, it suggests there is significant growth within the streaming market. Second, Discovery has been trading with a high correlation with VIAC since the Archegos fallout, so good news from Discovery would portend well for VIAC’s share price.
3 Wash Sale Rule 30 Day Expiration
The wash sale rule allows you to take a tax loss on stock as long as you don’t buy back the same security for 30 days. Most of the Archegos sell off occurred in late March. Firms are now entering the the time where they can load back up shares, take a tax loss and still be long on stock. Because of the high price target many of the firms set for VIAC, they will want establish exposure to the stock before earnings on 6 May.
MMED about to get a big catalystHello bull gang and bagholders, after long 6 months of bagholding, the NASDAQ uplisting is around the corner. On 3/30/2021, after market, MMED released a news about filing form F-10 with SEC, which will give them the ability to sell securities in USA. Also, on April 12, MMED will uphold a vote and any investor who holds MMED or MMEDF shares will be able to vote, this is obvious that the vote is about NASDAQ uplisting because they cannot uplist our shares on another exchange without our permission. I am in full support to uplist the shares on NASDAQ and once the vote is passed and majority agrees to uplist, it will trigger a catalyst and the price easily can hit 7-10$ on the hype. I also think that on the uplisting day, the shares can go up in price because of retail to Robinhood traders. At last, we finally rise up to the skies.
However, please consider risk and do your own DD before buying as this is my own opinion and speculation.
Thanks gang.