VISA flashing a short-term sell signal.Visa Inc. (V) has been one of our most accurate recent stock predictions (August 29, see chart below), as it is about to complete the buy signal we gave on the Channel's bottom to a +27.36% rise and hit our $320.00 Target:
Needless to say, if you took that call, evaluate your options as the profit is already enormous. Moving forward, specifically zooming in on the 1D time-frame, we can see that Visa is flashing its first sell signal in a while.
The price isn't only almost at the top of the 2-year Channel Up but more importantly, the 1D MACD has completed a Cup sequence on a Bearish Cross, similar to all early corrections at the start of this Channel.
As you can see all MACD Bearish Crosses were followed by pull-backs of similar size with the minimum being -7.30%.
As a result, we can expect the stock to hit and even break below the 1D MA50 (blue trend-line) at $295.00 (-7.30% decline), which would be also near the 0.382 Fibonacci retracement level (similar to the December 22 2022 Low).
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Creditcard
MULTIBAGGER Series - Stock 3Hello everyone!
I am back with 3rd company of the multibagger series.
The company is Zaggle Prepaid Ocean Services Ltd. Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows. It is at an intersection of SaaS (Software as a service) and Fintech. It has made strategic alliances with many other companies. The company has an esteemed list of corporates like Tata Capital, Inox, NSDL, DBMS, Wockhardt, Yes Bank, Greenply, etc. It has also made an agreement with VISA and the deal is valued at approximately $20 million over the next five year.
The company has shown more than 10x growth in both sales and profit made in the past 4 years. Last year sales was 776 cr and profit was 44 cr. The quarterly sales and profit is also continuously increasing and the company is expected to grow at a good pace from here. They have made visionary targets for the year 2025. Ace investor Ashish Kacholia has also invested in this company.
Investing in such companies will make our portfolio diverse and as they are smallcap company, chance of giving multibagger returns are more from such companies.
Investing in such companies bring a high risk factor so please do your own analysis before investing.
Hope you learned something new from this post.
Do like, share and follow me. Thank you!
Capital One Buying Discover Financial For $35.3 BillionCapital One Financial announced its $35.3 billion all-stock acquisition of Discover Financial ( NYSE:DFS ). This landmark deal, poised to reshape the credit card industry, comes at a time of heightened regulatory scrutiny and strategic maneuvering.
Unlocking Value Through Synergies:
Capital One's ( NYSE:DFS ) strategic vision for the acquisition hinges on unlocking synergies to drive operational efficiency and enhance shareholder value. With projected synergies of $1.5 billion by 2027, the combined entity aims to streamline operations and capitalize on economies of scale.
Antitrust Scrutiny and Regulatory Hurdles:
Analysts caution that the deal will face intense antitrust scrutiny, considering Capital One and Discover's significant presence in the highly concentrated credit card market. Regulators are expected to closely scrutinize the potential impact on market competition and consumer choice, raising concerns about potential roadblocks.
Navigating Regulatory Complexities:
Despite the regulatory challenges ahead, Capital One remains optimistic about navigating the complex regulatory landscape. The company is prepared to engage with regulators and address concerns proactively, emphasizing the long-term value creation potential of the merger.
Market Reaction and Investor Sentiment:
Investors responded positively to the announcement, driving Discover Financial's stock price to its highest level in nearly two years. The surge in share price underscores investor confidence in the strategic rationale behind the acquisition and the potential for value creation.
Implications for the Credit Card Industry:
The merger between Capital One and Discover Financial ( NYSE:DFS ) is set to reshape the competitive dynamics of the credit card industry. As the largest player in a highly concentrated market, the combined entity will wield significant influence, potentially triggering further industry consolidation and competitive responses.
Conclusion:
Capital One's bold move to acquire Discover Financial ( NYSE:DFS ) marks a pivotal moment in the evolution of the credit card industry. Despite regulatory hurdles and antitrust scrutiny, the potential synergies and value-creation opportunities are poised to drive long-term growth and profitability.
V EARNINGS CHART - BIG SUPPORT COMINGV has a really steep downtrend that is literally about to close out, probably tomorrow.
The movement from like 230-226 is pretty bullish.
Price targets and trends are marked.
Careful around that 242 mark, and look for possible support to coming back in around 236-238, which can easily take us up to that final rejection point.
With the trends and movement heading into earnings, it's hard to say that we should favor the bearish movement. IF we open super positive and run-up, I'd just wait to buy.
Delinquency Rates on Credit Card Loans Not seen since June 2012Credit Card Defaults Last rose 1994, 2006, slowly in 2016 and now a rapid incline of delinquency rate of 2.77%. I do foresee this trend to continue to the upside. The momentum of higher rates has contributed to the pressures. The rise may not be linear but the upside certainty appears to reach 3.25-3.5%. We'll keep monitoring
V (Visa) Entry, Volume, Target, StopEntry: with price above 245.37
Volume: with volume greater than 4.33M
Target: 256.92 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 245.38, 241.38 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Selling Visa at swing highs.Visa - 30d expiry - We look to Sell at 216.49 (stop at 223.41)
We are trading at overbought extremes.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Bearish divergence is expected to cap gains.
We look for a temporary move higher.
The previous swing high is located at 217.61. 218.07 has been pivotal.
Preferred trade is to sell into rallies.
Our profit targets will be 199.22 and 195.22
Resistance: 215 / 218 / 225
Support: 206 / 200 / 195
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
American Express (AXP) ConsolidationI am not licensed or certified by any individual or institution to give financial or investment advice.
I think American Express could be in a possible roll/consolidation. I have my horizontal Resistance and Support drawn with the orange lines. Key takeaways are the S&P 500, Nasdaq, Dow (to which AXP belongs), and Russell 2000 are all at Uptrend Resistance; and AXP itself is at what I see as its own Resistance as well as forming a Double Top/M. These technical indicators lead me to believe AXP is ready to begin going down. If you are an options trader you may want to decide if it's worth getting into some bearish positions. If you deal strictly with shares this may be a good time to consolidate your cash and prepare it for buying a dip near Support, either to set up for a short term rolling trade strategy or to buy for mid to long term investing purposes.
Rolling patterns may present good opportunities for double dipping if you are an options trader. Puts going down and Calls going up. That's up to you. I don't currently own any positions in AXP.
Let me know what you think, or if you have any questions.
Visa Resistance @220I really look this stock. I believe the pandemic treated them well with the online shopping. Resistance is 220 and Visa has tried a few times to break it. I believe it will be 300$ in months to come. I am long on visa. Will add on dip if we sub 190.
Ascending triangle forming on daily. Short term target 1 is $210 followed by $220 and $230.
Capital One -- Not in My WalletAlthough Capital One is involved with more than consumer credit cards, it doesn't feel like a great place to be with record unemployment -- while unpopular, I am taking the gamble that the longer term trend is closer to '08 style credit crisis. The indicators line up, as well as the exact price levels. If this sells off (starting with poor earnings next week?) and was to do an exact length match to the bottom as in '08, it would be 17 monthly candles, or in this case roughly December 2021. COF broke through its 200 day moving average, and I don't see the earnings impressing.
AFTERPAY - NEW ATH or 50% RETRACE?AFTERPAY (ASX:APT) New ATH or in need of a retrace (A sign of darker times ahead though IMO)
3 Scenarios to play out in the next week.
1: Now that we have popped back into long term uptrend and with the amount of people using the service due to Covid-19 (with no end in site) $50 mark looking very achievable.
-Current Support holding
-Bouncing off long term Uptrend Trendline
-Covid-19 still taking its toll on the world
-Fib Extension 1.272 within Rising Wedge
-New ATH territory
-Volume still present in the market
2: After a 440% run wheres the retrace?? Is now the time? (Short Term Retrace)
-440% run without a retrace
-Covid-19 Restrictions 'Softening'
-MACD Death Cross inbound
-RSI Overbought Territory
-Fib Retrace .236 within reach
-Parabolic Uptrend will crack
-Healthy market run needs good market structure
3: A larger retrace is required
- Punch through the Fib .236 and head for the .382 & Strong Equilibrium
-Fill GAP between .236 - .382
-MACD Cross and Spread
-Crack RSI uptrend
-New Market Structure will form LL, LH
-Parabolic trend will break
A Revolutionary Company that was founded 5 Years ago. with over 40,000 Merchants Worldwide and 7 million users and GROWING, Afterpay has smashed the market post Covid-19 dump with a full retrace as their platform has capitalised on the state of the Global Economy during this time (Someone had to) with over $250 Million in Revenue (JUNE 2019) in excited to see what the End of Financial Year brings for APT.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
Z1P : 20% BREAK INCOMING! ZIP CO LIMITED (ASX:Z1P) has bounced back significantly well after the market dump in FEB/MAR, as have all lending services due to the job losses/ government surpluses around the world.
When the market reopens on monday I can see a couple of things happening.
1: WE crack this 'strong equilibrium' as price action continues up the trendline and get squeezed into the corner, 20% TARGET
- Respecting Uptrend
- Buyer Volume Present
-Covid19 crisis still taking a toll on the economy (People still borrowing)
If we do break the equilibrium my next target would be the 4.14 Equilibrium. Careful though as 'Bearish Divergence' could follow.
2: The Resistance holds and we break trend, returning to 'Previous Support' 10% TARGET
-Uptrend Trendline Breaks
-Double Top Confirms
-MACD crosses
-.236 Fib Breaks
3: Previous Support Fails and we fall to 2.84 Support. 15% TARGET
-Breaks .236 & .382 Fibs
-Healthy Retrace after 230% move
-MACD will have crossed
-Center BB will have failed
NOTE: There is an OPEN GAP sitting inside the 'Golden Pocket'. Do not be surprised if we see this fill.
Offering simple interest free and flexible repayment options, Strong Retail Affiliations and having an App in the Top 10 of Google Play and Apple, it's easy to see why Z1P is doing so well. They are up $45Million in revenue and have nearly cracked 2 Million Users.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
CYCTB? American Express CO. Hello friends,
I feel in this time, it is important to document.
With that being said, I have always felt in the past I was always calling the bottom.
With this chain of posting I will post my thoughts on what I think the bottom will be.
Most companies are over sold and over leveraged.
Hope this finds you well.
Happy trading.
Disclaimed - This is NOT financial advice - Its chart speculation.
CRO is taking advantage of the recent weakness in BTCTechnical Analysis:
- MA 50 & 200 --> LONG
- RSI (36.09) --> LONG
- Momentum --> undetermined
- Coppock Curve --> LONG
- Bollinger Bands (overlap above) --> LONG
---> Trend confirmation at 0,00000782
Fundamental Analysis:
- CRO price is rallying after the project announced that its MCO Visa Cards are now shipped to customers in the United States
--> Expansion of the platform and more efficient & productive use of its platform