On Cloud Just Got Even More Interesting - I'm Watching CloselyI have been watching On Cloud and love their shoes. I wear them all the time now. In-fact, I bought some shares a while ago simply because I enjoyed wearing them so much. The chart above highlights some other levels I am watching if this trade can keep up:
1. The company's resurgence above its IPO price indicates a renewed investor interest, suggesting a positive sentiment towards its growth prospects.
2. Moreover, its expanding presence in the US markets signifies a broader consumer base and potential for increased revenue streams. This widening adoption could be indicative of a strong market position and strategic initiatives driving market penetration.
3. One of the standout factors contributing to On Cloud's appeal is its transition into a premium brand. Establishing oneself as a premium brand in a competitive market is no easy feat, highlighting the company's ability to deliver superior products and capture consumer loyalty.
This shift not only enhances brand value but also opens up opportunities for higher margins and sustained growth over time.
However, despite these positive indicators, there are key technical aspects that investors should monitor closely including the following:
1. The need to surpass a recent prior high, maintain controlled volume levels, and ensure the upward slope of moving average ribbons are all critical factors that could validate On Cloud's bullish trajectory.
2. Keeping an eye on these metrics will be essential for investors to gauge the sustainability of On Cloud's upward momentum.
3. Additionally, with established giants like Nike, Under Armour, and possibly Adidas in the mix, On Cloud's ability to carve out a distinct market niche will be a key factor in its long-term success and investment attractiveness. This is a competitive space.
I look forward to updating this chart 1+ year from now.
This is a LONG TERM trade.
Earnings
Mind the gap! What next for Broadcom?Broadcom (AVGO) has been a major beneficiary of the AI boom, with its stock soaring 53% since the beginning of 2024 and more than doubling year-to-date. While not reaching the astronomical heights of NVIDIA (NVDA), Broadcom's performance remains remarkable.
The company's Q2 revenue report was a resounding success, showing a 43% year-over-year increase, while EBITDA grew 31% year-over-year. This strong performance prompted Broadcom to announce a 10:1 stock split on July 15th, a move that will make the stock more accessible to smaller retail investors.
The sustainability of this growth in the rapidly evolving AI landscape remains a key question for any AI-related company. However, Broadcom's forward P/E ratio of 35 appears relatively modest compared to its AI peers like NVIDIA (50), CrowdStrike (95), and AMD (46). This suggests that Broadcom may still have room for further valuation expansion.
Following the impressive earnings report, the stock surged 12% on June 13th and continued to trade higher in after-/pre-market activity. The technical picture is also positive, with the price comfortably above its short, mid, and long-term moving averages, indicating strong momentum. The recent surge in volume, reflected in the Volume Oscillator, further underscores the heightened interest in the stock.
While the Relative Strength Index (RSI) is currently in overbought territory at 79.23, this is not unusual following a major earnings announcement. Importantly, the RSI's moving average has been trending upwards since early May, suggesting that the bullish momentum behind AVGO may not be exhausted yet.
Furthermore, the overall market sentiment towards AI remains positive, which could continue to support Broadcom's growth trajectory. Yet it remains important to monitor Broadcom's competitive position in the Semiconductor Solutions & Infrastructure Software market, as the landscape is constantly evolving.
Risk Management: Despite the positive outlook, investors should be mindful of potential risks, such as a slowdown in AI adoption or increased competition, and employ appropriate risk management strategies.
BB set up for a move higher pre-earnings LONGBB on the 15 minute chart has earnings in three weeks. Price has been meandering sideways
for two weeks after some significant volatility in mid-May. I believe it is now due for a change
of phase/cycle as the earnings approach. I will place a long trade here targeting initially 3.10
just below a significant level to the left being the consolidations before and after the
volatility of mid-May. These is the likely level where traders will again make trades in BB.
The upcoming earnings should add some extra volatility into the price action which could
translate into profit.
NVDA earnings stats NVDA earnings stats based on the last 10 earnings days close to following day close.
11/17/21
293 - 317
+ 24 = + 8%
2/16/22
265 - 245
- 20 = - 9%
5/25/22
170 - 179
+ 9 = + 5%
8/24/22
172 - 179
+ 7 = + 4%
11/16/22
159 - 157
- 2 = - 1%
2/22/23
208 - 237
+ 29 = + 14%
5/24/23
305 - 380
+ 75 = + 25%
8/23/23
471 - 472
+ 1 = na %
11/21/23
499 - 487
- 12 = - 2%
2/21/24
675 - 785
+ 110 = + 16%
5/22/24 ?
10 earnings
average = + 6%
high = + 25%
low = - 9%
5/24/24 expiry options data:
Put Volume Total 144,889
Call Volume Total 221,403
Put/Call Volume Ratio 0.65
Put Open Interest Total 145,386
Call Open Interest Total 180,269
Put/Call Open Interest Ratio 0.81
Highest OI Call strike = 950
Highest OI Put strike = 920
IV implied move = +/- 9%
Quality never fails the publicLooking at the financials of the Woolworths here in this South Africa the brand is staple to high middle income class groups, year on year the company's EPS has been steadily improving after Covid. Just waiting for price to fall to a suitable price before the earnings reports are out in September. Looking at price, I am also waiting for clear Elliot Wave count to complete (near the R5100 - R4900 per share) and clear price candle confirmation.
Did You See What GameStop Just Accomplished?I must say, and as I wrote the other week ( see here ), the winners of the GameStop resurgence was GameStop itself. They now have $4 BILLION in cash on their balance sheet. That's right – a strong community can do wonders for a brand, its backing, and the company itself. Between Roaring Kitty, Ryan Cohen, and everyone on Reddit, they just created a viable business with an entirely new fundamental outlook.
Let me explain:
- They eliminated all of their debt, thus zero debt!
- They now have about $4 billion in cash.
- Market cap is nearing $10 billion.
- They do about $3.2 billion per year in revenue.
- They have 3x PS ratio, but many startups for for 5x or even 10x. But keep in mind that a majority of that is in cash. If we back out the cash from the market cap, the PS ratio is more like 1.5.
If you think they are on the verge of rebuilding and recreating their story, they have the revenue and balance sheet to do it.
Well worth watching…
By the way, I still can’t believe some 25%+ of the float is still short and public about it in available data.
I currently do not have a position, but as someone who appreciates fundamentals, a sound business, it surely has me watching it more closely than I have in prior years. The road will be long and difficult, and they have to execute flawlessly, but if they can, the vision is to become a gaming giant that'll be a value add to the gaming world.
EURGBP BUY SIGNAL EURGBP
I neither trade the news nor any SMC or chart patterns, etc. I trade solely and exclusively based on algorithmic structure. According to the algorithm, a long swing trade is warranted here. I have mentioned the entry level and TP (Take Profit) and SL (Stop Loss) below.
BUY
ENTRY = 0.84345
STOPLOSS = 0.84042
TARGIT 1 = 0.84991
TARGET 2 = 0.85400
TARGET 3 = 0.86016
Cigna Has Pulled BackCigna hit new record highs in March. Now, after a pullback, some traders may see opportunities in the health insurer.
The first pattern on today’s chart is the March low around $330. CI has held that level for more than a week, which may suggest support is in place.
Second, the current stabilization is occurring at the 100-day simple moving average. That may reflect a bullish trend over the longer term.
MACD is also starting to turn up. That may reflect increasing bullishness over the short term.
Finally, CI jumped after its last three quarterly reports, which each beat estimates. (It failed to hold after the most recent.) That could suggest investors are positive on its fundamentals.
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Can Hamster Kombat become another Notcoin(NOT)!?Today, I want to examine a new Telegram game that has become very trending and see if the Hamster Kombat project can be another Notcoin(NOT) .
You have probably heard about the Hamster Komba game in the past few weeks at work, school , university , and in the family (maybe even the notification of people joining your contact in Telegram is a lot for you😂). I suggest you read this article to find out if Hamster Kombat is worth your time or not.
Please stay with me.
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What is Hamster Kombat?
Hamster Kombat is a Tap-to-earn type of game that is activated on the Telegram platform . This game was officially launched on March 25, 2024 on the TON network.
Hamster Combat currently has more than 60 million users , with more than 24 million active users
The game allows players to manage a virtual cryptocurrency exchange and earn in-game coins, which can subsequently be converted into real tokens to withdraw the earned funds. The gameplay is similar to the popular game Notcoin.
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Now, let's check the Hamster Kombat project with the help of SWOT ( Strengths - Weaknesses - Opportunities - Threats ).
What is the SWOT!?
SWOT ( Strengths-Weaknesses-Opportunities-Threats ) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning. SWOT analysis assesses internal and external factors, as well as current and future potential.
🔸 Strengths : More interesting game than Notcoin _ High number of active users (Notcoin less than 40 million users) _ Good marketing _ Very good conditions on social media _ Having a road map.
🔸 Weaknesses : No whitepaper _ Poor website _ Not having a clear future for the Hamster Kombat project _ The total number of tokens is not clear - the distribution method may not be fair _ the development team is unclear _ wastes a lot of energy and time.
🔸 Opportunities : Hard Forks to improve the Hamster Kombat project_ Willingness of big investors to invest _ Improving the website and white paper.
🔸 Threats : High number of miners _ Emergence of Whales _Unspecified fee_ Hackers _ Competitors.
Can you add other parameters to the options above or not!?
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Conclusion : Due to the fact that there are more Tap-to-Earn games these days, we should be a little careful in choosing the game, because no matter what you like, you will eventually have an income for the time you spend.
According to the above description and the information so far about the Hamster Kombat project, it seems that considering the high number of active users, the token of this project will be listed at least because of its attractiveness for exchanges (volume trading). The point here is whether you can earn for the time you spend or not? Because this game seems to take more time than the similar Notcoin project, so in conclusion, I recommend you look at the Hamster Kombat game as a side hobby and not spend all your time on a project that is uncertain.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Stooges new Binance meme coin? Introduction:
Stooges ($STOG coin) was born as a criticism of the current crypto world. A totally ridiculous coin that's shaking up the crypto world with a pie in the face.
Inspiration and Purpose:
Inspired by the legendary Three Stooges, this coin is here to prove that not everything in life has to be serious. It's fast, it's silly, and it's on Solana, because... why not?
Target Audience:
If you're tired of those boring coins that promise the moon and stars but only give you charts and more charts, it's time to join us.
Unique Selling Proposition:
Stooges.io isn't just a coin, it's a joke you can buy, sell, and most importantly, share!
Reiteration and Emphasis:
Stooges ($STOG coin) was born as a criticism of the current crypto world. A totally ridiculous coin that's shaking up the crypto world with a pie in the face.
Why Solana:
Inspired by the legendary Three Stooges, this coin is here to prove that not everything in life has to be serious. It's fast, it's silly, and it's on Solana, because... why not?
Call to Action:
If you're tired of those boring coins that promise the moon and stars but only give you charts and more charts, it's time to join us.
Closing Statement:
Stooges.io isn't just a coin, it's a joke you can buy, sell, and most importantly, share!
www.stooges.io
Fully Diluted Valuation (2024.06.08)
$1.92M
24h Trading Vol
$161,361.00
First Meme coin x Marstercad Debit
GE is GEAerospace a buy 5% below its ATH? - LONGGE is now priced at 5% below its recent ATH. The daily chart shows it to be on a VWAP breakout
over two standard deviations above the mean anchored VWAP originating in 2 and a half years
ago. Price has dipped and pulled back to the midline of the Bollinger Bands and buying volatility
is fading as can be seen on the indicators. I see this as a safe point to add to my GE long
positions of shares and call options. Having trimmed some of those positions 4 weeks ago, I
will add the same amount back in along with 20% extra. When earnings are upcoming in
August I will again look for a pivot high from which to trim again.
ADOBE: What is the stock doing before the Q2 earnings Adobe's stock price has been declining over the past month, currently trading below its 50, 100, and 200-day moving averages, with the chart drawing a "death cross" pattern around mid-April, which further confirms the bearish sentiment. The stock now trades at a 25% discount compared to the highs earlier this year.
The Volume Oscillator currently stands at 1.3%, suggesting some buying interest remains, but it's weakening compared to recent trading volume. This could signal a potential reversal, but the downtrend remains strong, with the neutral RSI not suggesting any bullish reversal either.
Next week's Q2 earnings announcement could be a significant catalyst for Adobe. Positive earnings could potentially reverse the current downtrend, but the recent controversy surrounding Adobe's terms and conditions update could weigh on investor sentiment.
The T&Cs update has sparked concerns among users, particularly creatives worried about their creations being used to train AI models, and professionals concerned about the privacy of their data. This could potentially impact Adobe's reputation and customer base, particularly since Adobe remains relatively silent on the issue. This uncertainty adds another layer of risk to the stock in the near term.
VTYX- a risky biotechnology penny stock LONGVTRX is on a 120 minute chart, currently trading at 90% off its ATH and 50% above its absolute
long term support level. Price tried to cross above the long term mean VWAP 3 months ago
but was rejected. I anticipate that in time it will try to so so again. From 3.3 to a target of 9
would be a move in the neighborhood of 300%. I will take a small position long trade here.
This will be highly volatile. I will place a 25% stop loss to give VTRX room to roam for a couple
of earnings periods. Once the price rises 25% I will convert to a trailing stop loss of 25% and
make the then risk free trade low maintenance.
NIO ? Are traders ready to love it again LONGNIO on the daily is 95% below its ATH Winter of 2021 and 50% lower YTD. In China NIO is
competing well with XPEV, LI , BYD and TSLA while it makes further penetrative into the
EU market. Its unique concept in action is battery leasing and battery swapping making
charging time no longer relevant. Apparently, the battery swapping time from a depleted
battery to one carrying a charge is 15-20 minutes. Being a bottom-seeking bargain hunter quite
often, I will take a long trade here with a planned duration of two earnings periods.
DELL moves higher in continuation LONGDELL on the weekly chart shows its bullish trend which accelerated this past March as shown
on the Prive Volume Trend. The relative volume indicator shows some spiking blue volume
bars of buying volume = 3 of the 13 weeks in the past quarter. I see this as a long swing trade
or even an investment to hold at an easy to get into price compared with SMCI. DELL may be
a bit overbought and overextended but I am convinced it is for good reasons and that a trade
here will pay profit over time. The dip of 5% in the past trading day provides a good entry.
$NVDA Risk On into Earnings Post Market 5/22/24Seeing lots of double/triple tops on multiple timeframes. Way overbought but that's never an entry thesis. Just love the contrarian risk reward to the downside here with a hard stop at $975. Quick trade one way or the other and my love for NVDA does not constitute a trade per rules.
GOLD ANALYSIS 30/05/24🔴 Here are the most notable developments:
• As we mentioned previously, the preference is to buy the dollar with every decline
• This comes after statements by Federal Reserve member Neel Kashkari, who surprised the market and said that the Fed may move to raise interest rates instead of lowering them if inflation continues to rise.
• Nvidia is close to exceeding $3 trillion in market value and is close to surpassing Apple to become the most valuable company in the world.
👈 Today will be very important as the financial markets await the release of the US GDP statement at 3:30 Saudi time.
🔥 This news will have a strong impact on the movement of global markets, so please be careful
im no trading now closed every single trade i had , 10 minutes left for the Economic Data " Jobless claims " ...
"Balanced Biotech Strategy"Trading TNXP requires careful consideration of both the high reward potential and the significant risks involved. Combining technical analysis for short-term trades with a fundamental approach for long-term investments, while employing robust risk management techniques, can help navigate the volatile nature of this stock. Always stay informed about the latest company developments and market conditions to make well-informed decisions.