Earnings
THE FOSCHINI GROUP LIMITED (TFG)Foschini is testing the area of support again.
TFG recently released a robust trading update, with retail turnover growth of about 31%.
With Earnings to be released on the 11th of November we could see downward pressure step back and allow for Long trade back to September highs with a Target of R137.
Concerns: The Foschini Group lost 99,000 trading hours in the three months through September because of rolling blackout.
Should You buy an #Aptos?Estimated price per token of the funds: 2$-3$
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Prime cost of $APT: 0,70$
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Right now there are only 130M $APT in circulation and the pressure on the price can only be exerted by the people who got the airdrop.
These tokens are likely to be bought back so the price doesn't drop too much.
This way it will be possible to pump $APT where staking rewards will be sold. At the moment 823M of $APT are staked.
I already have $APT in hand for the airdrop.
2/3 have been sold and 1/3 of $APT remain for perspective.
If $APT drops then I have defined for myself an area for future purchases.
Area for my future purchases: 4$-6$
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Investment opportunity in Gains Network (GNS token)The Gains Network is a decentralized leveraged trading platform where you can trade cryptos, forex, and stocks, with commodities and indices coming soon.
The trading tool is gTrade, in which no deposit or signup is required, just a Metamask or similar wallet.
It is possible to have leverage of 150x on cryptos, 1000x on forex, and 100x on stocks.
The tool is currently hosted on the Polygon blockchain.
The GNS token is used for liquidity and project participation.
Trade fees are distributed to those who stake the GNS token, the DAI token, the GNS/DAI liquidity pool or some NFTs (and of course, to the project fund itself).
It would be more or less like instead of spending money in a casino placing bets, being the owner of the casino itself.
It is an embryonic project in a promising area, which involves embracing the traditional market.
This is because the GNS token is not yet listed on any centralized exchange.
Therefore, compared to other similar projects, such as GMX, SNX and dYdX, this one has the greatest risk/return asymmetry.
This is a brief summary... for more information I recommend reading the documentation and doing your own study.
EU50 Weekend update🌐📊🟠According Fundas we have monday will be most swing day i personaly suggest dont trade,Its good to be spectator🙇♂️
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🟡Scenario 1:Wait for comfirmation to breakout RS maybe area i just pointed top of RS if the price breakout that point we could be Long
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🟡Scenario 2:Price could be fall to our SP and if breakdown SP line expect more down trend.
AMZN - BULLISH SCENARIONASDAQ:AMZN Giant, rated as one of the most stable blue chips out there. Unless the earning report is way below expectations the price is likely to bounce off the support levels from before the split action 5 months ago and transit into a trend reversal formation.
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Advanced Micro Gives a Class on CandlesticksAdvanced Micro Devices has done more recently than just plunge to its lowest level in over two years. It’s also given some interesting lessons on candlestick patterns.
The heavily traded chip had a thick red bar on October 7 after preannouncing weak quarterly results. The next session saw prices inch lower but remain in a tight range. On October 11, AMD made a higher high and lower low: an outside day. The 12th was just the opposite, with a small inside candle. Then another outside day (bullish), a bearish inside day on Friday and a positive inside candle on Monday. Tuesday and Wednesday saw another pair of outside and inside moves.
All those candles, on the heels of four weeks of solid downside, could potentially suggest prices are stabilizing. Is all the bad news priced in before CEO Lisa Hsu announces final numbers on November 1?
Next, the patterns occurred around $59. That level held AMD in check February and July 2020 before excitement about 7nm Ryzen chips triggered a breakout. Could old resistance be turning into new support?
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AA: Bad earnings report will push down?Alcoa Corporation
Intraday - We look to Sell at 37.00 (stop at 41.12)
This stock has recently been in the news headlines. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 37.00 level.
Our profit targets will be 27.48 and 22.00
Resistance: 41.00 / 58.00 / 80.00
Support: 27.50 / 17.50 / 10.00
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AMD - BULLISH SCENARIONASDAQ:AMD bouncing in trend channel on the weekly chart, the upcoming earnings report on November 1st, 2022 suggests short-term upward movement in the channel. Chip delivery times shrank by four days in September, the biggest drop in years, in a sign that the industry’s supply crunch is easing.
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APPLE - BULLISH SCENARIONASDAQ:AAPL has a "high" Earnings Quality Ranking for the 36th consecutive week. Earnings quality refers to the extent to which current earnings predict future earnings. NASDAQ:AAPL Introduces Next-Generation iPad Pro, Supercharged by the M2 Chip on the 18th, and the news was reflected in trend reversal formation on the chart.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
GLOP trending upwards with good fundamentals behindGLOP seems to be trending upwards in overall bearish market momentum. The energy company has exceeded analyst expectations during earlier quarterly reports. We seem to be in an upward top position in the purchase flow for this particular stock. If the price stabilizes for a couple of days we may see a beautiful bull flag forming on the chart. This should be added to your watchlist for bull flag stocks with good fundamentals driving the price.
NETFLIX - BULLISH SCENARIO (NFLX)Netflix Inc NASDAQ:NFLX is expected to report earnings of $2.18 a share on revenue of $7.8 billion, and analysts will be looking closely at subscriber numbers as the streaming pioneer prepares to roll out a less expensive paid ad tier. Demand for cheaper streaming options in developing countries is looking like a good niche to be filled by the giant. The earnings report is being released on the 18th Oct.
DXY (High Probability Buy Setup soon)The U.S. Dollar Currency Index (DXY) is showing continuing strong BULLISH move towards ATH of 114.773 of Mon 26 Sep '22, with U.S. inflation figures out later on today are in the spotlight, with the data expected to reinforce bets that the Feds will continue to tighten policy aggressively, hence extra strength to the DXY.
Keep a close eye on DXY today, happy pip hunting traders.
Nvidia is a dead man walking.NVDA is going to drop by 50% over the next few quarters, adjusted for how the overall market performs.
I'm not looking at support levels or head and shoulders patterns or anything like that. I see Ethereum mining is gone, and with it GPU mining is now done at a loss and only in shitcoins. I see miners mass selling the stock of GPUs they've been buying for the last 2 years. I see Nvidia delaying their new GPU product launch to unload their stock of old product before it becomes worthless (they have a year's worth to dispose of!). I see Nvidia trying to get out of their allocation contract with TSMC because they ordered far too much (highly expensive) 4nm capacity as part of the silicon shortage bullwhip. I see EVGA, Nvidia's preferred partner cutting ties with Nvidia and exiting GPU assembly immediately before a new product launch due to mistreatment from Nvidia. I see the tech enthusiasts everyone watches for reviews dumping on Nvidia for re-labeling their upcoming 4070 as a 4080 to confuse and scam their customers. I see AMD building comparable GPU products modularly for less than half the cost on TSMC's 5-6nm processes. I see AMD is poised to compete on performance while delivering huge efficiency and cost wins. Most of all I see that NVDAs stock price was built on a foundation of sand during a GPU cryptomining boom that propelled them to a P/E over 70 on the idea that it would last forever when it may well be gone forever (or at least a few years) as Ethereum has moved to Proof of Stake. The stock has already dropped by half, but since the earnings took a small beating the P/E remains over 40 while earnings are poised to fall off a cliff for the next year or 2.
TLDR: A perfect storm of terrible silicon market conditions, the death of GPU cryptomining, competition, and potentially an economic downturn will be piledriving NVDA to 60, if not 30 as their earnings experience some major shrinkage. It may take a few quarters of terrible revenue numbers before the market catches on though.
Bullish Unusual Options Activity on CCL Sep 9.50 callNYSE:CCL $325K in premium traded for $9.5 strike calls for Friday September 30th 2022 expiration traded today.
Unusual Activity for $9.5 calls about 28,000 contracts traded throughout the day @ approx $0.25 per contract (Above Open interest of only 3200)
Carnival Corp earnings date is 09/29/2022 Thursday
Stock is at an interesting price level. If stock price moves up and IV increases could help add premium value to the call options.
Risks : Short Expiration - Theta Risk. Earnings Risks.
I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning.
Entry Above: 9.01
Target 9.36, 9.65, 9.96
SL close below 8.74
You can use the above levels to trade the stock as well with risk reward ratio of approx 3.65 (defined risk)
Follow more unusual activity signup using my referral link marketaction.live
Important Note: This is a short duration contract with earnings risk. Please trade responsibly.
Please let me know in the comment if you find this useful.