Why We Think Ryde Group Ltd. (NYSE: RYDE) is InterestingSingapore's mobility is now en-route for multi decade growth, and this company, Ryde Group Limited (NYSE: RYDE) could be a multi bagger gem.
Here's why:
As Singapore’s population grows, reaching over 6 million in 2024, the demand for smarter, greener, and more efficient mobility solutions has never been greater.
Singapore is on a mission to become a ‘45-minute city’ by 2030, where everyone can reach key destinations within 45 minutes. This ambition drives innovation in public transportation, shared mobility, and electric vehicle adoption.
Enter Ryde Group Limited, a leader in carpooling, private hire, taxi services, and even delivery. As demand for flexible transport options grows, Ryde stands poised to benefit. With Singapore’s focus on sustainable transit, Ryde’s services align perfectly with the city’s vision for reduced emissions and more
With a diverse suite of offerings, Ryde meets the needs of commuters looking to save time, cut costs, and reduce their carbon footprint—all while enhancing convenience in Singapore’s fast-paced environment.”
Listed on the New York Stock Exchange, Ryde is ready to be a game-changer, bringing Singapore’s vision of seamless mobility closer to reality.
#RYDE #NYSE #FINANCE #INVESTMENT #STOCKS
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BTC Hits 76K! Next Stop: 80K or Correction?GM crypto bro's! Fear & greed index now at 77 in Extreme Greed, and stoch RSI is shifting from oversold to overbought.
BTC finally reached our previous target of 76K! So, what’s next? Typically, after a solid pump, a correction follows, with potential dips to 73K-70K. If the momentum continues, we could see BTC eyeing the 79K-80K range.
Market’s hot with extreme greed, so stay safe and avoid FOMO—manage risk as always. That’s it for today’s update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
Ryde Group Ltd. (NYSE: RYDE) - Testing Support LevelsSingapore-based mobility and quick commerce solutions provided Ryde Group Ltd. is seeing a test on the key support level of $0.450 over the shorter term period. The RSI indicator however, is showing an indication of the stock being oversold, which gives out a potential buy-at-low opportunity. Based on our understanding, a recent research report by Maxim Group had given a target price of $2.00 to the company, giving the company a significant potential upside ahead.
We kept a BUY rating for Ryde Group for the next 12 months.
BTC Surges to 71K! Will 76K Be the Next Target?GM crypto bro's! Fear & greed index remains at 70 (greed zone), with stoch RSI signaling potential relief from oversold conditions.
Our previous outlook pointed to a dip around 64K-63K, but BTC took a turn, correcting only to 66K and now pumping to 71K. On the H4, a small correction around 70K may be on the horizon, with the pump target still set at 76K.
Crypto is dynamic, probability is a probability—stay safe, manage risk, avoid FOMO. That’s it for today’s update. I’m Akki, one chart at a time. Have a nice day & stay SAFU.
"Attractive RR" - BloomZ Inc. (NASDAQ: BLMZ) | 241105Following recent market observations, BLMZ’s selling pressure appears to have eased, with its current price movement indicating a shift toward consolidation. The RSI points to a possible oversold condition, accompanied by decreasing volume, suggesting a potential trend reversal.
In this context, we find BLMZ presents an attractive risk-to-reward profile. With minimal resistance levels until its previous high of $1.55, and a key support level at $0.68, the potential risk-to-reward ratio stands favourably at approximately 3:1.
In summary, BLMZ warrants close monitoring over the next few trading days for potential trading opportunities.
BTC Holding at 66K: Will the Next Move Test 64K?GM crypto bro's! Fear & greed index is at 70 (still greed) and stoch RSI sits in the oversold zone.
BTC has dropped to around 66,841, and today’s market outlook echoes yesterday’s potential correction target in the 64K-63K range.
Stay strong, crypto fam! Always manage risk, avoid FOMO, and as always, that’s today’s crypto update. I’m Akki, one chart at a time. Have a great day & stay SAFU.
Transforming Urban Mobility Through Innovation (MUST READ)In the early 21st century, urban transportation underwent a significant transformation, largely due to the innovative approaches of Uber, Grab, and Ryde. These companies not only redefined ride-hailing but also expanded into comprehensive platforms offering diverse services.
Uber – From a Simple Idea to a Global Phenomenon
Uber's inception traces back to 2008 in Paris, where co-founders Travis Kalanick and Garrett Camp, after facing difficulties in hailing a cab, envisioned a service that allowed users to request rides via a mobile application.
This concept materialised in 2009 with the launch of UberCab in San Francisco, providing a platform that connected passengers with drivers of luxury vehicles. The service quickly gained popularity for its convenience and efficiency. By 2010, Uber had officially launched in San Francisco, and in 2011, it expanded to New York City, marking the beginning of its rapid global growth.
The introduction of UberX in 2012, which allowed non-professional drivers to offer rides, significantly reduced costs and broadened the user base. Despite facing regulatory challenges and competition, Uber continued to innovate, introducing services like UberEats for food delivery and Uber Freight for logistics. In 2019, Uber went public, solidifying its position as a leader in the ride-hailing industry. As of November 2024, Uber's market capitalisation stands at approximately $154.24 billion, reflecting its substantial growth and influence in the global market.
Grab – Southeast Asia's Super-App Evolution
In Southeast Asia, Grab's journey began in 2012 when Anthony Tan and Tan Hooi Ling, inspired by the challenges of the local taxi industry, launched MyTeksi in Malaysia. The app aimed to improve safety and efficiency in taxi services.
Recognising the diverse needs of Southeast Asian consumers, Grab expanded its services beyond ride-hailing. It introduced GrabBike for motorcycle taxis, GrabFood for food delivery, and GrabPay for digital payments, evolving into a comprehensive super-app.
A significant milestone was reached in 2018 when Grab acquired Uber's Southeast Asian operations, solidifying its dominance in the region. In 2021, Grab went public through a merger with a special purpose acquisition company (SPAC), marking one of the largest SPAC deals at the time. As of November 2024, Grab's market capitalisation is approximately $16.12 billion, underscoring its significant presence in the Southeast Asian market.
Ryde – Singapore's Emerging Contender
Founded in 2014 by Terence Zou, Ryde began as a carpooling platform in Singapore, aiming to offer a cost-effective and eco-friendly alternative to traditional ride-hailing services. Over the years, Ryde expanded its offerings to include private-hire car services, catering to a broader customer base. In March 2024, Ryde made history by becoming Singapore's first ride-hailing startup to list on the New York Stock Exchange under the ticker symbol "RYDE."
Despite its smaller scale compared to industry giants Uber and Grab, Ryde has shown potential for growth. As of November 2024, Ryde's market capitalisation stands at approximately $15 million. The company's focus on niche markets and commitment to innovation position it as a promising player in the ride-hailing industry. Ryde still has a huge room to grow, as compared to its other peers.
Technical Review - Agape ATP Corporation (ATPC) Agape ATP Corporation (ATPC) is showing promising signs of a potential upward breakout as it consolidates within a steady range, with strong support observed at $1.50. This level has consistently attracted buyers, reinforcing confidence and creating a solid foundation for a bullish move. Should the price continue to hold above this point, it indicates healthy accumulation, positioning ATPC for potential growth.
On the upside, $2.00 has emerged as the primary resistance level, but recent price action suggests a brewing momentum to break through this barrier. A successful move beyond $2.00, especially if accompanied by an increase in trading volume, would signal a breakout, opening up a pathway to $2.50. This resistance level serves as the next target, where a surge could propel the stock into a new trading range, attracting more bullish interest.
Supporting this outlook, the technical indicators add strength to the bullish case. While the MACD reflects a steady buying interest, the MCDX Plus shows signs of accumulation with increasing momentum in the green zone. This suggests that buyers are building up positions, indicating underlying strength that could fuel a significant rally once the $2.00 level is breached.
In summary, ATPC is primed for a bullish breakout, with a solid support base at $1.50 and clear resistance at $2.00. Investors should keep an eye on the volume and momentum indicators, as a sustained move above $2.00 could lead to further gains towards $2.50 and beyond.
Is This the Final Chapter in Buffett's Tech Journey?Warren Buffett’s once unshakeable partnership with Apple seems to be reaching a critical juncture, leaving market watchers with more questions than answers. For years, Buffett and his Berkshire Hathaway embraced Apple, with Buffett even calling it “the greatest trade of all time.” Yet, with Berkshire’s recent decision to reduce its stake by a staggering 67%, the dynamic is shifting. While initial statements attributed the sales to tax planning, the sheer scale hints at a deeper strategy. This raises the question: is this a calculated portfolio rebalancing or the beginning of a more profound shift in Buffett’s investment philosophy?
The timing of these sales isn’t random. Apple now faces several hurdles, from slower growth projections in a competitive smartphone market to increasing regulatory scrutiny in the U.S. and Europe. The conglomerate’s move coincides with Apple's potential weaknesses, suggesting Berkshire is not immune to the broader industry concerns, such as competition in China and challenges in artificial intelligence—a field where Apple appears to be lagging.
Interestingly, some experts speculate that the recent passing of Charlie Munger may have influenced Buffett’s decision. Munger, who historically favored Apple, played a pivotal role in Berkshire’s tech investments, balancing Buffett’s more cautious stance on technology. Now, Berkshire’s shift could signal a strategic return to its foundational values, preferring stability over tech’s unpredictable currents.
As Berkshire Hathaway maneuvers through these adjustments, Apple remains its largest equity holding, hinting that Buffett hasn’t fully turned his back on the tech giant. But with record cash reserves and a keen eye on emerging opportunities, the next steps Berkshire takes could redefine not just its portfolio but perhaps even broader investment trends in the years to come.
Singapore’s EV Market Poised for Leadership in Southeast Asia?Singapore is set to become Southeast Asia’s largest electric vehicle (EV) market, with an estimated 80% of its passenger vehicles expected to be electric by 2040, according to BloombergNEF. This significant market shift underscores Singapore’s commitment to sustainable transportation, placing it far ahead of regional peers, where the average EV market share will likely reach just 24%.
The Lion City already leads Southeast Asia in EV adoption, with EVs making up about 32.1% of new car registrations within the first seven months of 2024. In 2023, EVs comprised 19% of total vehicle sales, highlighting the growing consumer shift towards cleaner energy vehicles.
Singapore also boasts the highest density of EV charging infrastructure in the region, with one public charger for every three EVs. By comparison, Thailand has a charger for every 16 EVs, Malaysia one for every 38, and Indonesia one for every 42. This extensive charging network alleviates concerns around charging accessibility, a common challenge in EV adoption, and demonstrates Singapore’s proactive steps to support its EV market expansion.
Driving Factors: Falling Battery Prices and Policy Support
A key enabler of EV adoption is the reduction in battery prices, the most expensive EV component. BloombergNEF projects that battery prices will fall by 17% every time the cumulative number of batteries produced doubles, significantly decreasing EV costs. From 2010 to 2023, battery pack prices dropped by 90%, making EVs more affordable and competitive with petrol-powered vehicles.
Supportive government policies also bolster Singapore’s EV market growth. Policies include banning new diesel-powered cars and taxis from 2025, implementing a certificate of entitlement (COE) system to encourage vehicle turnover every ten years, and mandating that all new car and taxi registrations from 2030 must be cleaner-energy models. These strategies align with Singapore’s Green Plan, which aims for 60,000 EV charging points by 2030 and 100% clean-energy vehicles by 2040.
Comparative Growth and Regional Trends
Across Southeast Asia, the EV market has been expanding, driven in part by Chinese automakers such as BYD, Great Wall Motor, and GAC Aion, which are setting up manufacturing facilities in Thailand. Although Thailand currently leads the regional EV market in sales numbers, with over 86,000 EV units sold in 2023, Singapore is expected to lead in market share percentage. In total, Southeast Asia saw more than 153,500 passenger EV sales in 2023, including 5,734 units in Singapore.
Transport economist Professor Walter Theseira attributes Singapore’s rapid EV adoption to the COE system, contrasting it with other Southeast Asian countries where vehicles are often kept for longer. Singapore’s vehicle turnover model, coupled with policies promoting EV use, has created a supportive environment for sustained EV growth.
Future Opportunities for EuroSports Global Ltd. and Nio Inc.
As the demand for EVs continues to rise in Singapore, companies like EuroSports Global Ltd. and Nio Inc. stand to benefit. EuroSports Global, a local leader in luxury and performance vehicle distribution with its own in-house Scorpio Electric Vehicle brand, has the potential to leverage Singapore’s growing market for high-performance EVs. Meanwhile, Nio Inc., a prominent Chinese EV manufacturer, could find new opportunities to expand its presence and meet demand in Singapore, given the city-state's openness to international EV brands and its alignment with clean energy goals.
With its robust infrastructure, government support, and ambitious clean-energy targets, Singapore is well on its way to becoming Southeast Asia’s leading EV market, setting a compelling example for neighbouring countries aiming for sustainable growth.
BTC's Next Move After the 67K Test: Deeper Correction Incoming?GM crypto bro's, back to reality! Fear & greed index is at 70 (still greed), while stoch RSI hits oversold.
Our previous target of 67K was visited. So, where does BTC head next? On the H4 timeframe, no clear pump signals yet. On the D1 chart, we’re eyeing our familiar range of 64K - 63K, as greed persists and a deeper correction is possible.
Crypto is tough, as tough as life itself. Stay cautious, avoid FOMO, and always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
BTC's Tug-of-War: 67K Dip or 76K Breakthrough?GM crypto bro's, happy weekend! Fear & greed index is at 74 (greed), with the stoch RSI nearing oversold. BTC still hasn’t closed below 69K, hinting at a possible pump to 76K. However, in this greed-driven state, it might be hard for BTC to rally up.
Current price action suggests a potential drop to 67K is more likely. But probabilities are just that—possibilities. Stay safe, avoid FOMO, and always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
BTC at a Crossroads: Correction to 63K or Pump to 77K?GM crypto bro's, happy weekend! Today, the fear & greed index stands at 72 (greed), and the stoch RSI is nearing oversold territory.
Today's outlook remains similar to yesterday. If BTC's daily candle closes below 69K, a strong chance exists for a visit to the 64K-63K range. But if it holds, we might see another pump to 76K-77K.
Stay sharp and avoid FOMO. Always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
Monthly Octobull Closed, next Eyeing Corrections or insane pump?GM crypto bro's! New month, new profit. October closed with a strong octobull candle. Today, the fear and greed index is at 75 in the greed zone, while Stoch RSI shows rejection from the overbought area.
The correction range of 70K - 69K we mentioned yesterday has been hit. On a monthly view, deeper corrections to our old zone at 64K - 63K, or even 61K, could unfold if BTC drops below 69K. Immediate bullish targets are at 76K - 77K.
Seeing the greed out there—don’t FOMO! Akki signing off, stay alert and SAFU.
Extreme Greed Stays High; Correction Potential at 70K - 69K ?GM crypto bro’s! Fear and greed index remains in Extreme Greed at 77, and Stoch RSI has now entered overbought territory.
Today’s outlook is similar to yesterday: BTC may first correct to the 70K - 69K range before possibly pumping to 82K. Many people are feeling greedy—don’t fall into FOMO. Akki signing off—one chart, one love. Stay vigilant, stay SAFU.
Should You Invest in EuroSports Global Ltd (SGX: 5G1)?In Singapore, the electric bicycle market is experiencing significant growth. Revenue is projected to reach USD 77.65 million in 2024, with an anticipated annual growth rate (CAGR) of 3.88% from 2024 to 2029, culminating in a market volume of USD 93.95 million by 2029.
This upward trend reflects a strong consumer shift towards eco-friendly transportation alternatives.
This growth is driven by Singapore’s commitment to sustainable transportation, making it easier than ever to adopt cleaner, greener travel across the city.
EuroSports Global Ltd. (SGX: 5G1) is at the forefront of this revolution through Scorpio Electric. The flagship Scorpio Electric X1, the first ever home-grown electric bike in Singapore, is currently undergoing public road testing, following the special approval of a Special Purpose License from the Land Transport Authority in July 2024.
With advanced connectivity, from phone-to-bike integration to customisable energy regeneration, the X1 offers a personalised electric motorcycle experience unlike any other.
Yet, despite such progress and innovation, EuroSports Global’s share price remains undervalued. Analysts believe that with its pioneering role in the electric vehicle market and a strong growth trajectory, the company is positioned for significant upside.
For investors who have zero position in the company, perhaps this is a good opportunity to invest in them as the market has clearly yet to reflect their true value.
BTCUSD—Extreme Greed Hits; Potential Correction Before Next PumpGM crypto bro’s! This morning, the fear and greed index has surged to extreme greed at 77, while Stoch RSI edges back towards overbought levels.
BTC has seen a substantial pump over the past few days, reaching a peak of 73,613 yesterday. On the weekly timeframe, the next target may be around 82K. However, given the extreme greed conditions, a correction could likely come first, potentially down to the 69K area, before any further massive pump.
Don’t FOMO—keep risk management top of mind. Akki signing off—one chart, one love. Have a great day and stay SAFU.
USDT vs USDC The Last Rush- Everything is in the chart.
- So my own deduction ( and only my own ) is : " Actually BTC not dipped so much "
- They pushed it hard, many peoples turned their BTC and Altcoins to USDT/USDC for safety.
- BTC is still not yet considered as a reserve like Gold in case of crises, peoples still scare and back really fast to the old paper money system when panic is around.
- i will link following this post a PAXG/BTC Chart to show what happened when BTC dipped.
- just look at indicators and you will clearly understand how much stables coins pushed high and Mooned/Marsed in the red " Overbought " Zone.
- Results : TheKing is still around 20k.
- that said, we can notice that USDC is gaining much more interests than USDT, just because USDC (Circle) is backed by cash and short-term U.S. government bonds as collateral.
- after the "LUNA-UST" Crash peoples started to fear and they are right, so they turned their Stables to USDC.
- in near future, USDC will gains more dominance on USDT and the next Dip could results in an Equal Dominance ( 3.80% - 3.20% )
i hope this post help to understand the situation, be H4ppy and St4y S4fe !
Happy Tr4Ding !
When Do Breaking ATMs Signal More Than Just Technical Failure?In a fascinating twist of economic irony, Turkey's banking system faces a crisis not from a shortage of money, but from an overwhelming abundance of near-worthless banknotes. This peculiar situation, where ATMs physically break down from dispensing too many low-value bills, serves as a powerful metaphor for the broader economic challenges facing emerging markets in an era of hyperinflation.
The numbers tell an extraordinary tale: a 700% currency depreciation since 2018, 80% of circulating notes being the highest denomination available, and a stark disparity between official inflation rates of 49% and independent estimates of 89%. Yet perhaps most intriguing is the government's reluctance to print larger denominations – a psychological barrier rooted in the traumatic memory of million-lira notes from the 1990s. This resistance to adaptation, despite the obvious operational strain on the banking system, raises profound questions about the role of political psychology in economic policy-making.
What emerges is a complex narrative about the intersection of technological capacity, monetary policy, and human psychology. As Turkish banks spend entire days counting money for simple transactions and regulators continuously delay implementing hyperinflationary accounting standards, we witness a unique case study of how modern financial systems can be overwhelmed not by sophisticated cyber threats or market crashes, but by the sheer physical weight of devalued currency. This situation challenges our traditional understanding of banking crises and forces us to reconsider the practical limits of monetary policy in an increasingly digital age.
BTCUSD—Achieves 70K; Short-Term Correction ProbableGM crypto bro’s, this morning’s fear and greed index holds steady at 72 in the greed zone, while Stoch RSI rebounds after touching oversold levels.
Last night, BTC hit our anticipated 70K target—a mark discussed in previous updates. While yesterday’s market update hinted at a correction, BTC surprised us with an impressive pump to reach 70K.
Next move for BTC? Given the elevated greed level and recent pump, we might expect a brief correction down to 68K in the near term. Remember, probability is just that—probability. Stay vigilant, avoid FOMO, and manage your risks. Akki signing off—one chart, one love. Have a great day and stay SAFU.
Deutsche Bank (DBK): Earnings beat but loan losses double We missed the optimal entry for Deutsche Bank (DBK), but the analysis was accurate overall. The earnings report showed some resilience with a revenue increase of 5.2% year-over-year, reaching €7.50 billion, slightly above analyst expectations of €7.30 billion. The stock reacted with a modest dip, but nothing significant. However, Deutsche Bank reported a notable rise in loan losses, which doubled to €494 million in Q3 2024 compared to €245 million a year ago, aligning closely with the €482 million forecasted by analysts.
From a technical standpoint, our primary count still appears valid, though it’s a bit on the lower side. This could indicate that wave 3 might not be the longest wave in this count, which is atypical but possible as long as it’s not the shortest.
We’re targeting a potential endpoint for wave 5 within the HTF resistance zone, aligning with the 50-61.8% Fibonacci extension level, where we could look for a long position if the setup confirms. We will continue to monitor DBK closely as this potential target level nears and adjust accordingly.
Bitcoin Buy Signal (1H)MEXC:BTCUSDT
As we knew before that when IDMs got grabbed,
after getting a SCOB on our structure time frame,
or wait for a ChoCh on the lower time frame (which now the LTF is 5 mins chart),
we can get into the position (which here is a Buy Position).
And now we had a ChoCh on the 5 mins time frame on Bitcoin which allows us to open a Buy Position.
P.S: Money & Risk Management is Crucial, Because nothing's certain in the market. :)
I will update Bitcoin regularly,
Follow me on TradingView for more.
Happy trading..
Cheers,
Aurio