Get started

Finance

Selling Pressure is Over: Ryde Group Ltd. (NYSE: RYDE)Our analysis indicates that the recent selling pressure on Ryde Group Ltd. (NYSE: RYDE) appears to have stabilised. This could signal a potential trend reversal, as evidenced by a flattening Relative Strength Index (RSI), suggesting diminished bearish momentum. Additionally, the Moving Average Convergence Divergence (MACD) is approaching a potential golden cross, further supporting the likelihood of a bullish shift. If RYDE’s share price holds steady within the $0.600 - $0.620 range, we anticipate a possible rebound towards the resistance levels at $0.650 - $0.700. A successful breach of these levels could close the gap from previous price movements, marking a significant step in the stock’s recovery trajectory.
AMEX:RYDELong
by HASHInvests200
When Does a $433.5 Million Settlement Become a Victory for Both In the complex landscape of corporate litigation, Alibaba's recent settlement presents a fascinating case study of modern business strategy. While the Chinese e-commerce giant agrees to pay $433.5 million to settle shareholder allegations, this decision might paradoxically represent a win-win scenario for both the company and its investors. The settlement, ranking among the top 50 largest securities class actions in U.S. history, raises intriguing questions about the balance between corporate governance and strategic business decisions. What makes this case particularly compelling is the mathematics of risk management. When faced with potential damages of $11.63 billion, Alibaba's decision to settle for $433.5 million reveals a sophisticated calculation of risk versus reward. This settlement, representing less than 4% of the maximum potential damages, demonstrates how modern corporations can transform legal challenges into strategic opportunities for resolution and renewal. The implications of this settlement extend far beyond Alibaba's balance sheet. As global markets increasingly scrutinize tech giants' practices, this case sets a precedent for how international corporations might navigate the complex intersection of antitrust regulations, shareholder rights, and market competition. The resolution suggests that in today's business environment, the true measure of corporate success might lie not in avoiding challenges, but in transforming them into opportunities for organizational evolution and stakeholder alignment.
NYSE:BABAShort
by signalmastermind
Technical Review - EuroSports Global Ltd (SGX: 5G1)Our proprietary indicator had spotted a significant uptick in interest in SGX: 5G1 over the past few trading days, with its share price once breached the key resistance level of $0.200. Based on the fund flow indicator (as represented by the red bar), there is collection activities ongoing for 5G1 currently. We remain positive on the upcoming price movement of 5G1 with our short term TP being set at $0.300, which is the previous high level for the company, while supported strongly by the EMA20/50 levels at the current price, $0.175.
5Long
by HASHInvests200
BTCUSD—Testing Probable Pump, Double Top Formation PossibleGM crypto bro’s, today fear and greed index remains in the greed zone at 72, with Stoch RSI touching oversold territory. On the D1 timeframe, BTC is likely to correct toward our previous range of 65K-64K. However, on the H4 timeframe, there’s an alternate scenario: a potential pump test toward 68K. Should a rejection occur here, we may see a double-top formation on H4. Probability is just that—probability. Stay sharp, avoid FOMO, and manage your risks. Akki signing off—one chart, one love. Have a great day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD—Oversold Zone Approaching, Correction LikelyGM crypto bro's, happy weekend! Fear and greed index remains in the greed zone at 74, while Stoch RSI continues to approach oversold territory. Today’s price action outlook is similar to yesterday’s update, with a likely target correction around the 64K range. Current potential for a pump is low. Remember, markets are dynamic—stay cautious, don’t FOMO, and always manage risk. Akki signing off—one chart, one love. Have a great day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD—Oversold Stoch RSI Signals Possible CorrectionGM crypto bro's, happy weekend! The fear and greed index is currently inaccessible—likely under maintenance. However, Stoch RSI is heading towards oversold territory, and the BTC candle close on the 25th broke through the previous day’s bullish engulfing. So, where to next? Based on today’s price action, there's a strong probability that BTC will correct to the 65K - 64K range, possibly even lower. Stay safe, don’t FOMO, and as always, manage your risk. Akki signing off—one chart, one love. Have a great day and stay SAFU.
INDEX:BTCUSD
by x_Akki
Ryde Group Limited: A Look at Singapore’s Super Mobility AppRyde Group Limited (NASDAQ: RYDE) , a Singaporean tech company founded in 2014, has set its sights on becoming a “super mobility app,” integrating ride-hailing, carpooling, and parcel delivery under one platform. It aims to simplify urban transportation and logistics, catering to both individual users and businesses. Ryde’s business operates in two key segments. First, the mobility services segment, which started with carpooling and later expanded to ride-hailing options like RydeX, RydeXL, and RydeLUXE. This segment also includes tailored services like RydeFLASH for fast rides and RydePET for pet transport, demonstrating the company’s flexibility in meeting diverse user needs. The second segment is quick commerce, which focuses on parcel delivery through RydeSEND, catering to e-commerce and F&B businesses. The acquisition of Meili Technologies Pte. Ltd. in early 2023 boosted Ryde’s capabilities in this space. The market potential for Ryde is strong. Singapore’s mobility market, expected to grow at a CAGR of 26.7% and reach USD 6 billion by 2027, offers a significant opportunity. Likewise, the quick commerce sector is projected to grow from USD 6.4 billion in 2022 to USD 13.5 billion by 2027, driven by digital adoption and convenience-focused consumer behaviour. Ryde’s approach of integrating these services positions it well for growth. Financially, Ryde has shown promising revenue growth, increasing from S$6.2 million in 2021 to S$8.8 million in 2022, with further growth in the first half of 2023 to S$5.2 million. However, profitability remains elusive, with net losses widening from S$1.2 million in 2021 to S$5 million in 2022, continuing into 2023 with a S$4 million loss in the first half. These losses are primarily due to increased spending on incentives, tech development, and expansion efforts. The balance sheet shows a need for more capital, with liabilities reaching S$12.9 million by mid-2023 and limited cash reserves of S$2.3 million. Ryde’s strategic plans include diversifying services and improving user experience. The acquisition of Meili reflects its ambitions for growth, and future strategies may involve more partnerships, joint ventures, or acquisitions. While its vision aligns well with market trends, achieving profitability will require disciplined cost management, and strong user engagement. In summary, Ryde offers exciting growth potential as it seeks to redefine urban transportation and logistics. It has the ingredients to become a strong player in Southeast Asia, but success will depend on its ability to execute strategically while managing costs and securing sufficient capital to support its expansion plans.
AMEX:RYDELong
by HASHInvests200
BTCUSD—Engulfing Candle Boosts 70K ProbabilityGM crypto bro's! The fear and greed index remains in the greed zone at 72, while the Stoch RSI is on its way towards oversold. The BTC candle on 24th October closed with a solid engulfing pattern, increasing the probability of further upward movement, possibly around 70K. However, given the fear and greed index has stayed in the greed zone for several days, keep in mind that the market is dynamic—don’t FOMO, always manage your risk. Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTC Greed at 69: Key Price Action on Bullish Engulfing WatchGM crypto bro's! This morning, the fear and greed index is at 69 in the greed zone. The Stoch RSI has exited overbought territory. Yesterday, on 23/10/2024, BTC dropped significantly to the 65K range, but our 64K zone hasn’t been touched yet. Price action this morning shows that if today’s candle closes as a bullish engulfing, the chance of visiting 64K decreases, with a higher probability of BTC heading towards 70K. Keep in mind, the market is dynamic—don’t FOMO, always manage your risk. Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
NASDAQ: HTCR | Epic Profitability and Growth to Come ?!HeartCore Enterprises, Inc. (NASDAQ: HTCR) , a leading enterprise software and data consulting company based in Tokyo, is driving significant growth by transitioning to multi-year CMS licensing agreements. In a strategic shift, HTCR is moving from annual contracts to longer-term agreements, providing clients with extensive support and a robust CMS infrastructure. This change not only benefits customers but also ensures HTCR sustained profitability with recurring revenue streams. Impressively, HTCR’s Q3 2024 preliminary results show a remarkable increase, with revenue expected between $17 to $19 million, up over 263% from last year. Net income is set to reach $9 to $11 million, a strong turnaround from a $2.5 million loss in Q3 2023. A key contributor to this growth is the Go IPO business. HTCR reported $12 to $14 million in revenues from warrants issued by its client, SBC Medical Group Holdings. With three more IPOs slated for completion soon, HTCR anticipates further growth in this segment. HeartCore is also making waves in digital transformation. A new partnership with NTT Data Business Brains will leverage HTCR’s advanced CMS to enhance interactive and user-centric web experiences in Japan. In a recent press release, the CEO of the company highlighted - with multi-year contracts, HTCR is expected introduce a predictable revenue stream, boosting our profitability. We are excited about the opportunities this brings, and we remain committed to delivering exceptional results in the quarters ahead. With these interesting developments, it is no wonder why there is significant fund inflow into HTCR’s shares. Analysts from LightHouse Research has also given a BUY rating for the company.
NASDAQ:HTCRLong
by HASHInvests200
2025 Bright Outlook for Malaysia's Renewable FutureThe Malaysian Budget 2025 has set the stage for significant growth in the renewable energy sector, particularly solar power. With a renewed commitment to transitioning towards clean energy, the government has extended several key initiatives that support the development of solar energy solutions across the country. This includes the continuation of the Green Technology Financing Scheme (GTFS) with a substantial funding amount of RM1 billion up to the year 2026, which is intended to foster a thriving renewable energy sector in Malaysia. Additionally, Budget 2025 allocates over RM300 million under the National Energy Transition Fund (NETR), which represents a significant increase from the RM100 million allocated previously. This boost is intended to solidify Malaysia's position as a leader in renewable energy and accelerate the country's energy landscape transformation. The demand for solar energy continues to grow, driven by the extension of the net energy metering (NEM) program until June 2025. This extension is a critical measure to encourage clean energy adoption among residential and industrial users, further propelling the nation's shift towards renewable power sources. The government is also providing e-rebates of up to RM70 million to promote the adoption of energy-efficient electrical equipment, which will not only reduce energy consumption but also incentivize businesses and individuals to transition to more sustainable energy solutions. These initiatives create opportunities for various players in the solar energy field, particularly smaller companies that are well-positioned to leverage the increasing adoption of renewable technologies. For example, Agape ATP Corporation (ATPC), listed on the Nasdaq, is among the smaller players that could benefit from this positive policy environment. Recently, Agape ATP Corporation's subsidiary, ATPC Green Energy Sdn Bhd, has teamed up with Phoenix Green Energy Sdn Bhd to accelerate the development and commercialisation of cutting-edge solar power solutions in Malaysia. This partnership focuses on developing amorphous thin-film solar panels and related technologies to support diverse applications, particularly in power production, thereby contributing to Malaysia's transition to sustainable energy. Additionally, Agape ATP Corporation, through ATPC Green Energy, has entered into a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd to develop solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries. This collaboration aims to support the ASEAN region's efforts towards a zero-carbon energy future, further solidifying Agape ATP's role in the renewable energy sector and positioning them to make significant contributions to the regional solar market transformation.
ALong
by HASHInvests200
BTC Greed Index Drops to 70: Correction Begins, Eyeing 64K ?GM crypto bro's! This morning, the fear and greed index slightly dropped to 70, down from 73, and Stoch RSI is signaling a potential decline, exiting the overbought area. Finally, BTC is experiencing a significant correction, dropping from 69K to 67K. The next potential correction target is in the 66K range, with a possibility of visiting our 64K range. Get your bullets ready to buy the dip, and as always, keep in mind that the market is dynamic—don’t FOMO, manage your risk. This is Akki, signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
Strong Fund Flow Observed - HeartCore Enterprise Inc.Daily Chart of HeartCore Enterprise Inc. (BUY) Following the robust guidance from HTCR projecting revenue growth between $17 million and $19 million, alongside a significant increase in net income to between $9 million and $11 million, a notable inflow of funds was observed last Friday. This projected growth—representing increases of approximately 263% in revenue and 305% in net income—has captured investor attention, driven largely by HTCR's strong performance in its software business in Japan and its "Go IPO" initiative, which features around 12 companies poised for public offerings. From a technical analysis perspective, HTCR has successfully broken through key resistance levels at $0.98 and $1.00, with the $1.00 level now serving as a support. A golden cross was also observed on the 20/50 moving averages, indicating a bullish trend, which is further corroborated by the strong fund inflows represented by red and pink bars on the chart. Given these promising developments, we maintain a BUY rating on HTCR.
NASDAQ:HTCRLong
by HASHInvests200
The Untapped Potential of Electric Vehicle (EV) in SingaporeSingapore is poised to lead South-east Asia's electric vehicle (EV) revolution, with a projection that by 2040, 80% of all passenger vehicles in the country will be electric. This makes Singapore the standout market in the region, with a significantly higher adoption rate compared to its neighbours, where the regional average is expected to reach just 24%. Thailand and Vietnam are forecast to trail behind at 41% and 31% respectively, highlighting Singapore’s robust position in the green mobility sector. Singapore’s adoption of EVs is already outpacing other nations in the region. By 2023, EVs made up 19% of total vehicle sales in the country, the highest in South-east Asia. Notably, in the first seven months of 2024, EVs represented 32.1% of new car registrations, showcasing strong growth momentum. Singapore’s lead is further underpinned by a dense charging network, with one public charging station for every three EVs—far ahead of Thailand's ratio of one charger for every 16 EVs and Malaysia's one for every 38. The rapid growth of the EV market in Singapore is supported by government initiatives aimed at promoting electric mobility and a greener future. The Electric Vehicles Charging Act, introduced in December 2023, has laid the regulatory groundwork for a reliable and accessible EV charging network. It ensures that all chargers adhere to Land Transport Authority (LTA) safety standards and introduces a new licensing regime for charging operators to maintain service standards and safety. These efforts will facilitate the deployment of 60,000 EV charging points across Singapore by 2030, with 40,000 set for public car parks and 20,000 for private premises. Additionally, the Certificate of Entitlement (COE) system in Singapore plays a significant role in accelerating EV adoption. By encouraging the turnover of vehicles every ten years, the system indirectly fosters the uptake of newer, greener technologies like electric vehicles. Coupled with policies aimed at ending the registration of new diesel-powered cars and taxis from 2025 onwards, Singapore’s path towards sustainable transport is clearly defined. A key factor driving this EV expansion is the steady decline in battery prices. Batteries are the most expensive component of an electric vehicle, but BloombergNEF notes that battery prices have fallen by 90% from 2010 to 2023, and they are expected to drop further by 17% for every doubling of battery production. This trend is making EVs more price-competitive with traditional internal combustion engine vehicles, thus lowering barriers to entry for many prospective EV owners. Looking at the broader South-east Asian context, the market for passenger EVs continues to expand, fuelled by supportive policies and the involvement of major Chinese automakers. In Thailand—the largest EV market in the region—EV sales quadrupled in 2023 to 86,383 units. Singapore, while smaller in absolute numbers, recorded 5,734 EV sales in the same year, reflecting a significant adoption rate relative to its population size. Government strategies, such as mandatory EV charging provisions for new buildings and incentives like the EV Common Charger Grant for private residences, are further catalysing the growth of EV infrastructure in Singapore. By the end of 2023, approximately one-third of Housing and Development Board (HDB) car parks were fitted with EV charging points, with a target for all HDB towns to be EV-ready by 2025. The government is also working towards fostering a culture of responsible sharing of charging facilities as part of its broader aim of a seamless and accessible charging experience. Against this backdrop, EuroSports Global Ltd (SGX: 5G1) is aggressively entering the market with the launch of the Scorpio X1 EV bike. With approval from the Land Transport Authority (LTA), this electric motorcycle aims to capture the growing demand for EVs in Singapore. Given the country's favourable regulatory environment, expanding infrastructure, and consumers' increasing shift towards electric mobility, the Scorpio X1 could see significant growth in the coming years, marking a promising chapter for EuroSports Global Ltd in the electric mobility sector. The content of the article originated from The Straits Time Singapore - Singapore will have largest share of passenger EVs in S-E Asia by 2024: Report.
5Long
by HASHInvests200
BTC Greed Zone 72: BTC Holding at 69K, Potential Pump or Drop?GM crypto bro's, back to the working day! This morning, the fear and greed index remains in the greed zone at 72, with Stoch RSI still chilling in the overbought area. BTC is currently staying around the 69K range, with no significant correction yet—just small retraces so far. So, where could BTC head next? Looking at the price action this morning, it’s tough to predict, but there are two possible scenarios: either BTC hits 70K or drops back to the 64K - 63K range. Keep in mind that the market is dynamic—don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD—Greed Zone 73: Correction More Likely Than Pump to 70K?GM crypto bro's, happy weekend! This morning, the fear and greed index stays in the greed zone at 73, while the Stoch RSI is still comfortably in the overbought area like yesterday. Looking at today's price action, it seems quite challenging for BTC to pump to 70K. The probability of a correction is higher than the potential for another pump, but in the crypto market, nothing is impossible. Keep in mind that the market is dynamic—don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTC Stay In Greed Zone Dump Imminent or Pump to 70K?GM crypto bro's, this morning the fear and greed index is at 72 in the greed zone, while the Stoch RSI remains comfortably in the overbought area. BTC has pumped quite high to around 68,953, and on some exchanges, it may have even hit 69K. However, the correction to our 64K range has yet to happen. The price action is quite overbought, which makes a dump more likely. Still, always be cautious—keep in mind that the market is dynamic. Don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
HeartCore Announces Preliminary Third Quarter 2024 ResultsQ3 2024 Revenues Expected to Increase to Between $17 Million and $19 Million Q3 2024 Net Income Expected to Increase to Between $9 Million and $11 Million NEW YORK and TOKYO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced select preliminary financial results for the third quarter ended September 30, 2024. These results are preliminary and unaudited, and are subject to all aspects of the final quarterly review process and may change as a result of new information that arises, or new determinations that are made, in this process. Based on preliminary unaudited results, the Company expects revenues for the third quarter of 2024 to be between $17 million and $19 million, representing an increase of between 263% and 305%, compared to $4.7 million in the same quarter last year. Revenues for the nine months ended September 30, 2024 are expected to be between $26 million and $28 million, representing an increase of between 40% and 51%, compared to $18.5 million for the same period last year. Net income is expected to be between $9 million and $11 million for the third quarter of 2024, compared to a net loss of $2.5 million in the same period last year. Net income for the nine months ended September 30, 2024 is expected to be between $5 million and $7 million, compared to a net loss of $1.8 million in the same period last year. HeartCore’s “Software Related Business” and “Go IPO Business” include the following revenue streams: Software Related Business Revenues from on-premise software Revenues from maintenance and support services Revenues from software as a service (“SaaS”) Revenues from software development and other miscellaneous services Revenues from customized software development and services Go IPO Business “I am pleased to announce robust preliminary results for this past third quarter, the strongest quarter in HeartCore’s history,” said the Company CEO Sumitaka Kanno. “This significant increase is primarily due to the recent public listing of our Go IPO client, SBC Medical Group Holdings Incorporated (“SBC”). The Company is expected to report approximately $12 to $14 million in revenues from warrants issued by SBC for our IPO consulting services. This Go IPO deal is the biggest achievement since the business’ inception and underscores the immense value our consulting business presents. Additionally, we have an incremental three Go IPO deals that are slated to close over the next several months, and with an optimistic outlook on the U.S. IPO market for Japanese companies, we look forward to the completion of these deals that are set to further strengthen our financial results. We also shifted toward proposing multi-year software licensing agreements to our customers starting in 2024, and these agreements corresponded to increased revenues in our Software Related Business. 2024 is set to be the strongest year in HeartCore history, and we remain committed to retaining this upward trend for future quarters and years ahead. We look forward to providing the full details of our third quarter 2024 financial results in mid-November.”
NASDAQ:HTCRLong
by HASHInvests200
BTC in Greed Zone, Overbought RSI: Correction or Instant Pump?GM crypto bro's, this morning the fear and greed index remains in the greed zone at 73, while the Stoch RSI is in the overbought area. BTC has made a slight correction this morning, and with the weekend approaching, which usually sees low volume and normal corrections, BTC may revisit the 64K - 63K range, or perhaps dip further into the 62K - 61K range. However, an instant pump back to 69K is still a possibility. Keep in mind, the market is dynamic. Don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
M&T Bank Corporation: Riding the Bullish WaveM&T Bank Corporation: Riding the Bullish Wave - M&T Bank Corporation (NYSE: MTB) Technical Analysis H ello, 1 Introduction Headquartered in Buffalo, New York, M&T Bank Corporation is a regional bank operating in the United States. While M&T is headquartered in New York, it has a significant presence in the state of Maryland and in several of the mid-Atlantic states. It was founded in 1856 as the "Manufacturers and Traders Bank." Over the years, it has changed and expanded its name and reach but has kept its main office in Buffalo. A "community banking" philosophy directs its operation of more than 700 bank branches across 12 states and the District of Columbia. 2 Current Price The most recent figures put M&T Bank Corporation’s stock at $185.19. In the face of a jittery market, the stock has been steady—although, to be sure, we are coming up on a few weeks when the price has not moved much at all. Yet this level reflects what I would say is a pretty strong dose of investor confidence in the bank's growth in earnings, not just in the immediate future but also over the next several quarters. 3 Moving Averages 5-day Moving Average: $182.50 20-day Moving Average: $180.00 50-day Moving Average: $175.00 200-day Moving Average: $165.00 The price is currently above the 5-day, 20-day, and 50-day moving averages, indicating a strong short-term bullish trend. Additionally, the price being significantly above the 200-day moving average suggests long-term investor confidence. Historically, the stock has shown a tendency to bounce back from support levels, aligning with current technical signals pointing towards continued strength. 4 Technical Indicators Relative Strength Index (RSI): 60 (Neutral to Bullish) – The RSI at 60 indicates that while the stock is not yet overbought, it is approaching higher levels where caution may be necessary. RSI values between 60-70 typically suggest strong upward momentum but may also signal a need to watch for overextension. MACD (Moving Average Convergence Divergence): 3.0 (Bullish) – A positive MACD suggests upward momentum, supported by increasing buy signals. The MACD line crossing above the signal line indicates potential for continued price gains. Stochastic Oscillator: 75 (Overbought) – The oscillator shows that the stock is nearing overbought territory. With a reading above 70, investors should be aware of the possibility of a short-term pullback, though the overall trend remains upward. The combination of these indicators points to a solid bullish stance, though the overbought reading on the Stochastic Oscillator advises traders to be cautious of potential corrections in the near term. 5 Chart Patterns Candlestick Patterns: Recent patterns show a mix of bullish engulfing and doji, suggesting indecision in the market but with a slight bullish bias. The bullish engulfing pattern indicates strong buying pressure, while the doji reflects a potential hesitation among traders, which could result in consolidation or a reversal if a clear direction is not established soon. Support Levels: $180.00, $175.00 – These levels have historically acted as strong support zones, offering potential buying opportunities for investors seeking to enter at lower risk points. Resistance Levels: $190.00, $195.00 – The stock faces resistance at these levels, where selling pressure may increase. A breakout above $195.00 could open the path to higher price levels, potentially pushing the stock into new highs for the year. Notably, the consolidation of recent price action near key resistance levels suggests that a breakout, if it occurs, could trigger significant upward momentum. However, failure to break these levels may result in a retracement towards support. 6 Volume and Liquidity Recent trading volumes have been above average, which supports the upward trend. The higher volume, particularly during price increases, reflects increasing investor interest and confidence in the stock. The liquidity of M&T Bank Corporation is robust, allowing for large trades to be executed without significantly affecting the stock price. This makes it an attractive option for both retail and institutional investors. 7 Industry and Market Sentiment With interest rates stabilizing and the overall economy in better shape, we have seen a recovery in the financial sector. M&T is a regional bank, and as such, it has a pretty good setting from which to benefit as rates continue to rise—something we're anticipating. Most regional banks—even M&T in particular—have a pretty nice net interest margin between what they pay depositors and what they earn from loans when rates rise. And when you have a bank like M&T that has a pretty nice net interest margin, it also has very stable earnings, largely because it is a community-focused bank that lends to small and mid-sized businesses—who also have, by the way, relatively low default rates on the whole. 8 Conclusion Currently, M&T Bank Corporation's stock is in a tremendously solid short-term uptrend, with several important indicators suggesting a "buy" recommendation. But the stock is starting to approach "overbought" territory, which means it could be setting up to either go sideways for a while or pull back. Good support levels to look for should this happen are around $180.00 and $175.00. If you're an investor looking for an entry point in the stock, those would be tempting prices at which to buy. On the other hand, if the stock can push and hold above $190.00, we could start to talk about a potential target of $195.00. Regards, Ely
NYSE:MTBLong
by Elysian_Mind
BITCOIN in Greed Zone , Will BTC Peak at 69K Before Correction?GM crypto bro's, we are still in the greed zone at 71 this morning, and Stoch RSI is at the peak of overbought. BTC reached a top around 68K. Looking at the price action, there's a strong possibility BTC will visit 69K first before a correction towards 64K. But keep in mind, with the market in this greedy state, don't get FOMO. Always maintain your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki