Food Additive Giants: Macro Fib SchematicsThese food additive companies manufacture agricultural ingrediants and additives that nakes its way to prodcust in grocery stores. Archer Daniels Midlands Co, Bunge Limited, International Flavors & Fragrances, Ingredion Inc, DuPont De Nemours, LyondellBasell Industries, Kerry Group, and Givauden are arguably the largest in this type of category.
These companies pump out things that humans consume and some argue that much of it is not healthy which is a different topic.
These Fibonacci Schematics are not great but they are good enough. Sloppy, but I would like to see someone do it better without excluding any important levels...
DD
This sector looks incredibly weak!XLB materials sector saw a nasty down day today despite the S&p500 closing positive.
Clear relative weakness is being observed.
One of the leading stocks in XLB : DD (Dupont) collapsed by 14% after issuing weak forward guidance ahead of their earnings.
If they're expecting softer demand from China you can almost count on contagion through the sector.
DD LongBeautiful consolidation occurring above the weekly 365 MA
This chart has held up near the highs remarkably well despite the market pullback.
this name has had relative performance during this pullback which makes it a likely candidate to trend higher if the markets firm up.
Using the breakout neckline as a stoploss. If this Inverse Head & Shoulders plays out, there is massive implied upside.
DD wow just wowI am focused on chart patterns, and I do have personal favorites. However, I won't reveal those preferences today. My intention is to highlight just one pattern, which is the rising three methods. This is a robust continuation pattern, and I have noticed it on the weekly chart of DD. It is poised for a significant move!
VIR - the fundamental playThere is something that market is wrong about. The VIR and its blockbuster drug. This drug earns $1-1.5B per Q.
+ they are clinical stage company with Huuge innovative pipeline in HBV and HIV - treatments and VACCINES!
And market prices them like @#$! while they will earn around their own 1x market cap in 2022 and will sit with so much cash, that the current market cap of a company is HUGE misspricing.
SBEV Walmart distribution deal, and make sure to read the restSBEV is pretty crazy, they just got a distribution deal with Walmart and Ralph's 187 Grocery Stores . The ceo keeps locking in deals week after week. His name is Robert Nistico, he was a former VP at Redbull, the 5th employee that led the start-up from zero sales to $1.45 billion. Keep in mind this guy is well connected in the beverage industry. He's even branding his companies with celebrities and athletes and growing sales for all of the brands owned by Splash Beverage Group, which is a lot of them, I listed them below, the links are the brands SBEV owns.
Keep in mind current market cap is so low that the company is an acquisition target. They could very well get acquired soon. If SBEV doesn't get acquired, at this pace, they will continue to grow, locking in deals, and possibly acquire additional brands to take the company to the next level.
Brands owned by Splash Beverage Group (SBEV)
tapoutdrinks.com
www.drinksalttequila.com
www.copadivino.com
www.pulpo-loco.com
So where does SBEV go from here? In my honest opinion $15-$20 per share but if the shorts get piled up at $10-15 then SBEV could possibly reach $40 to $50 per share from a short squeeze. Similar to what happened with AMC and GME
AMC Entertainment (NYSE:AMC), and GameStop (NYSE:GME)
Please share my research with others if you found it useful, thank you so much.
$GME - Next GME Bull Cycle is hereThe next GME bull cycle is here.
Aug 24 - Sept 02 bull run, to unknown price range.
Possible continuation until the 8'th of Sept.
9'th of September futures rollover we will either MOASS or drop down significantly as we did in March and June and wait until the next cycle and repeat.
All in all, the general floor is increasing by $10-20 every cycle so if you held for a few years at a good price (let's say $150, you'd be golden). The ceiling for the other side of the trade is decreasing which is why i have doubts we'll touch $300's again. If we go beyond $260 in my opinion, that's margin call territory. On September 1, their margin requirements for SWAPS/Futures increase x 25 due to Phase 5 of UMR. That will put significant strain on "them" and perhaps deny them the ability to rollover the GME Swap Future position into the next quarter. Regardless they will take a loss on it and we will runup to 'some' price in the next 2-3 weeks.
If the margin requirements are too hard on them which they should unless they are exempt, this should/could be marge calling, but regardlesst of that, there WILL be a runup, it's just a question of whether this is the one or not. If its not this one, it could be the next one.
Buy & Hold
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$BTC Elliot Wave Theory, Wave 4Elliot Wave Theory - Looking at higher lows down to Wave 4, finishing up in Summer 2022, then running up to $85-100k ATH for Wave 5. If we assume an ascending channel from the 2017 and 2021 all time highs, we can see the elliot wave locations at the bottom and tops of the channel.
DD-> consolidation over, now show timeDD posted good result, mining sector is hot currently, consolidation volume decreased, nice green candle with increased volume. I think its ready to run.
hope you are enjoying my analysis, ideas here are for entertainment and education these are not trading advice
LTC: The Calm before the StormLTC is now trading around a very critical level. Thus, a Long position can be easily spotted for several reasons:
1. Fibonacci Retracement: Price is around 61.8% which is a very important level acting like a support here.
2. Formation of Pattern: A double bottom could be formed in the next few hours and it is clear that if the price rejects the 61.8% it means that a DD has formed on the hourly timeframes.
3. Cryptocurrency Influence: Cryptocurrencies and especially BTC and ETH are far from the selling idea, adding more confirmation into traders minds that cryptos are never to be sold.
Will it bounce back as the speculations are for the other cryptocurrencies ? Time will tell.
Trade Safe and Best of Luck !
MacroForex
VETUSDT LOONNNNGGGG!!!! BABY BEZOS :)Looking at the recent price action i believe its safe to assume that $0.038 - $0.045 is the new floor bottom. Vet is quickly catching steam as masses gain insight as to what Vechain is aiming to solve within supply chain and logistics. this is where companies spend most of their resources on things like
nventory inflow/outflow
server data management.
procurrment
KUCOIN:VETUSDT
DD wants dem fitties too what a trendyDuPont wants to hit the 50 DMA too indicated by the purple box there.
Pretty weak dojis leading this current rally up, could call today’s candle a shooting star.
Nice random spot kind of start of this current rally shows 50% retracement right into the 50 DMA also.
Bingo