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Earnings

RIG - Good opportunity post-earnings drop with very tight stop We are seeing clear sell-side tapering with the orange algo and purple showing it's control. We are now retesting the breakout of strong selling magenta and coinciding with green buying continuation. This could be a very good opportunity knowing that if we don't hold green, we're out. However with a retest of magenta and a proven buying continuation lining up, I will definitely enter a position if the opportunity presents itself. Hope to be back more consistently in a week or two when I'm back in the states. Happy Trading :) - TraderDaddyOG
NYSE:RIGLong
by ReigningTrades
SPY correction continues & another earnings season begins SHORTSPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. Deep support of the daily SMA200 ( red line) representing more than a 50% retracement is at the 450 zone. Megacap technology earnings upcoming may lead the way down or cause a consolidation for a reversal. April will likely be a big red month. April showers bring May flowers?
AMEX:SPYShort
by AwesomeAvani
5
ELF Bearish possible movementAs previously mentioned, the overall market sentiment is currently bearish, indicating a higher likelihood of downward movement in stocks. Considering this backdrop, it's notable that this particular business has reported decreasing earnings in line with its recent quarterly reports. From a technical standpoint, the price has experienced a pullback following a bearish leg to the 25MA, reacting from it. However, it's crucial to note that the accompanying volume is diminishing. Unless there is a notable increase in downside volume, this pullback might be deceptive. Nevertheless, it's likely only a matter of time before volume picks up, potentially signaling an opportunity for a short sell.
NYSE:ELFShort
by GonzeeTrading
USD/JPYUSD/JPY is on track for its third bullish week, and it will most likely make it. It could also be the second weekly advance since USD/JPY cut through 152 resistance with practically no resistance, following the stronger-than-expected US CPI report Japan’s officials were curiously quiet following the break above 152, but they are making noises again as it approach 155 – which is the latest glass ceiling for markets, which was previously 152. Japan’s ex-FX diplomat warned that the BOJ could intervene if prices broke above 155, and on Thursday Korea and Japan vowed to work together on their currency depreciation, due to their “serious concern” of their rapid declines against other currencies.
Long
by AFFINITY_MARKETS
GE Aerospace Needs to CorrectAfter many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed. NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to sustain. Smaller funds have been driving it upward since March, causing the more volatile action recently. It had a small gap up on earnings this week but it still needs to correct, either down or sideways . It has the look of a stock with short-term topping risk at the moment, but extended sideways action could adjust out the overextended uptrend instead.
NYSE:GE
by MarthaStokesCMT-TechniTrader
Long position NOWMy Buy In: 0.0000257 - 0.00002680 Target 1: 0.00002904 Target 2: 0.00003571 Investing in cryptocurrencies carries inherent risks and may result in financial loss. The volatile nature of the crypto market can lead to sudden price fluctuations and uncertainties. It is important to conduct thorough research, seek professional advice, and only invest funds that you can afford to lose. The information provided on this chart is for informational purposes only and should not be considered as financial advice. Crypto Trader do not guarantee any specific investment outcomes and recommend exercising caution and due diligence when making investment decisions in the crypto space.
Long
by CryptoTrader_CCT
3
Data Patterns (India) Limited: A Deep DiveIntroduction: Data Patterns (India) Limited is a prominent player in the Defence and Aerospace Electronics sector in India. With a focus on in-house development and manufacturing facilities, the company has been catering to the indigenously developed defence products industry for over 35 years. In this blog, we will delve into the key aspects of Data Patterns (India) Limited, including its product portfolio, manufacturing facilities, ongoing projects, key customers, and financial performance. Product Portfolio and Manufacturing Facilities: Data Patterns (India) Limited offers a diverse range of products, including radars, underwater electronics/communications/other systems, electronic warfare suite, BrahMos programme, avionics, small satellites, and ATE for defence and aerospace systems. The company's manufacturing facility spans across 200,000 sq. ft and is equipped with design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has an EMS assembly capacity of 600 boards/day and employs 1,130 employees, with 700+ qualified engineers as of March 31, 2023. Ongoing Projects and Key Customers: The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile programme. Key customers include Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO), and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover. Financial Performance: In FY22, the company raised 588 crores through an IPO, with 240 crores being a fresh issue and the remaining 348 crores being an offer for sale. The IPO proceeds were utilized for expanding manufacturing and testing facilities in Chennai and enhancing the system integration facility. In FY23, the company raised further funds of 500 crores through QIP for the development of satellite, radar, electronic warfare, and communications products. As of March 31, 2023, 51.21 crores was unutilized from the IPO proceeds, and 462.73 crores was unutilized from the QIP proceeds. Technical Analysis: From a technical perspective, the regression channel pattern applied on the weekly timeframe indicates a breakout failure in September 2023, followed by another potential breakout. This could be an opportunity for long-term trend trading on an undervalued stock. Conclusion: Data Patterns (India) Limited is a leading defence and aerospace electronics solutions provider with a strong product portfolio, manufacturing facilities, and a diverse customer base. With ongoing projects in the defence sector and a focus on product development, the company is well-positioned for growth. The technical analysis suggests a potential breakout, which could be an opportunity for long-term investors.
NSE:DATAPATTNSLong
by stocktechbot
TSLA rallies based on comments, it wont lastAfter an earnings call, TSLA rallied overnight by 10%. The financials show the company failed to beat reduced expectations from analysts, so what gives? Elon Musk has proven once again his skills at being a show man. Rallies based on comments and hype of whats to come dont last. AAPL recently went through a similar situation, stock rallied on news they finally would release AI products in the future, soon after it continued dumping. People are buying the
NASDAQ:TSLAShort
by ratchet-mint
GOOG “Google” signaling Bearish Divergence before earnings!!!!This is a crucial week for the tech industry with the Mag 7 approaching earnings, and GOOG “Google” particularly has earnings Thursday After-Hours. We’ve been displaying Bearish divergence since January, and currently forming a Head & Shoulders pattern……given the current market sentiment I believe we could see a nice pull back from Google before continuing to the upside. Long-term I’m definitely bullish on GOOG, however short term I believe we’re due for a pullback! -@Gutta_CEO_
NASDAQ:GOOGShort
by Gutta_CEO_
AMC to $2 by JuneIt doesn't look good for AMC or any stock that is showing negative revenue. Fed is keeping the growth stocks and high-value tech sectors up while other struggling companies are dying to inflation and high rates. I think AMC will get the short end of the stick and continue to go down like it always has been in the past 3 years. It will bleed down to $2 by June if this keeps up. Hopefully, that will be the new bottom and the company will stay afloat. They need new/better movies and need to find a way to attract consumers back to their doors. Until then I think AMC could be a dead stock and possibly look for a buyout to avoid bankruptcy as early as 2025.
NYSE:AMCShort
by RetiredNovice
24
NIO SHORT to $5.70, then $4.0 NIO - Chinese automaker Fundamental According to carnewschina.com in Q1 2023 year NIO sold 31,041 EVs - 2.46% only. "Nio is currently having difficult times in China. Because of the price war, its sales declined, resulting in a noticeable revenue decrease. So, Nio was forced to also join the price war by cutting the cost of every model by 30,000 yuan (4,200 USD). They are obviously in need of keeping the customers’ demand high. The newly launched ET5 Touring can help them for a short period. But station wagons don’t sell hot in China. So, Nio has to push its international deliveries to start as soon as possible." read NIO to hit the Europe soon. - I can't believe it. European market is not empty. Volkswagen, BMW, Tesla, Toyota, Honda, Hyundai and many others sell a lot right now. Top EU Electric Cars I watched a lot of presentations, reviews. Nio EV's are really good. But the prices.. Y/Y Gross Margin % 7.73 Operating Margin % -37.06 Net Margin % -35.01 Income -2463.40M Sales 7.03B Cash is melting, debt is growing. Technical NIO's chart goes down in the channel. Just now price is - near the top level of downtrend channel - Resistance $10.5 - RSI 23 is 63% (bounced from 70%). Always when RSI is on this level the price falls 30% min. - next strong support level is $5.70 Conclusion NIO chart is going down in the channel. Buy for $5.70, then $4.0 and keep for 2-3 years.
NYSE:NIOShort
by AndreyVasylyuk
7
RTX a defense contractor large cap LONGRTX has earnings on April 23rd. It has been on a good trend higher since the last earnings. The Russian war means US defense contractors will be in a growth mode for the intermediate future. Depleted stores of weapons systems need to be replenished. Pieces and parts are needed for damaged systems in need of maintenance. I see RTX and others such as GD and LMT as good long-term trades or investments. Smaller companies in the areas of robotics and drones may be worth a look. RTX is at its all-time high but it seems much higher is in its future.
NYSE:RTXLong
by AwesomeAvani
1
GROY gives guidance LONGGROY does mine rentals as its business ( royalties) it collects rent in gold or gold ore. Business has been good the recent earnings report was a beat with guidance for significant increases in revenues in the near and intermediate term. Volume and price product ( PVT) is rising. The MFI+RSI+ MOM shows all three measures as bullish. I will initiate another long trade here. I have traded GROY in the past as seen good cause to take a position again. My target is 5 at the level of the neckline of the head and shoulders all time highs.
AMEX:GROYLong
by AwesomeAvani
4