Cashed up high risk/high reward crypto/fintech play- $3.2M market cap
- $2M in cash as of last financials
- Last financing was done at .08 with insiders participating
- Today's NR indicates they will be launching a new product in Q4 2022, meaning any day now
- Re-designed website, OTCQB uplisting suggest there may be a marketing budget allocated for new product launch
- Bitcoin is showing signs life in recent days; if it can sustain momentum, it will help all crypto stocks
- Stock is prone to sudden moves, most recently from .015 to .04 on Dec 6 - 8.
From today's news release:
"Recently, Mobilum initiated the development of a consumer driven offering, Mobilum Pay. This is Mobilum's most ambitious product yet. The Mobilum Pay wallet combines Mobilum's fiat to crypto onramp solution along with a debit card offering from one of the globe's largest credit card networks. Mobilum Pay ultimately aims to provide a host of features such as payment accounts for multiple currencies, debit card issuing, integrated with Apple Pay and Google Pay, money transfer options, QR payments, loyalty cards, address book and more. The initial version of Mobilum Pay is scheduled to launch Q4.
As Steve LaBella, Mobilum CEO, explains, "Mobilum keeps evolving. With the soon-to-be launched Mobilum Pay, this is our first foray into what is typically viewed as the neo banking space. We are excited for this new direction while we continue to seek opportunities to increase crypto payment transactional volume, an area of the crypto industry we consider less risk-exposed. Given recent events in the crypto markets, I would also like to clarify that we have never been engaged by FTX nor any companies within its sphere of influence. We are not significantly exposed to custodial concerns of individual's digital assets nor subject to significant cryptocurrency value volatility."
Wojciech Kaszycki, Mobilum's Chairman further adds, "It is exciting to see Mobilum Technologies' offerings come together under Mobilum Pay. The neo banking industry alone is projected to be a $2 trillion industry by 2030. Mobilum seeks to capture some of this growth as we continue to grow our innovative global payment products and services.""
Fintech
STNE - Preparing for a Parabolic MoveBoth the chart pattern & recovering financial performance show that STNE is preparing for a parabolic move.
I was wondering why this Brazilian Fintech Company, which had stunning financial performance in the previous years, nosedived from 90 to 10 in hardly one year.
A decrease of almost 90% - that's scary for every investor. The reason I found is the bad debts - when macroeconomic situation of Brazil worsened people couldn't pay their debts. But now the STNE is recovering on the back surprising quarterly results and whopping estimates about future earnings.
Let's discuss important strengths of STNE:
TECHNICALS:
Stock entered accumulation zone in March 2022 and is swinging between price range of 12 to 7 for the last 7 months. It is forming ascending triangle but still breakout hasn't occurred and Golden Cross is also awaited. Average volume has increased but big spikes which show institutional buying are also not yet witnessed.
FUNDAMENTALS:
Recent quarter has been tremendously good for STNE. Its post quarter income increased 140% and its revenues increased 10%. One surprising aspect about STNE is that its topline growth has never stopped despite negative incomes in many trailing quarters. Company's revenues increased 110% in Trailing Twelve Months (TTM) because of increasing number of customers and inspiring performance of its core payment-processing system. Its earnings estimate of $0.35 per share represents a change of +191.67% from the year-ago number.
Another positive aspect is that Warren Buffet has this stock in his portfolio due to its high risk-reward potential.
Hence, I am keeping this stock in strict monitoring and waiting for breakout and golden cross. Another good quarter of earnings can be real fuel for its market performance.
PAGS | 6 Month Support Hit | BouncePagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth. It also offers cash-in solutions; online and in-person payment tools; and online gaming and cross-border digital services, as well as issues prepaid, credit, and cash cards. In addition, the company provides functionalities, and value-added services and features, such as purchase protection mechanisms, antifraud platform, account and business management tools, and POS app; and operates an online platform that facilitates peer-to-peer lending. Further, it is involved in processing of back-office solutions, including sales reconciliation, and gateway solutions and services, as well as the capture of credit cards with acquirers and sub acquirers. The company was founded in 2006 and is headquartered in Sao Paulo, Brazil.
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JPMorgan bullish scenario:The technical figure Channel Down can be found in the daily chart in the US company JPMorgan Chase & Co. (JPM). JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company. As of 2022, JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth largest bank in the world in terms of total assets, with total assets of US$3.954 trillion. Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. The Channel Down has broken through the resistance line on 13/08/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 31 days towards 131.18 USD. Your stop-loss order, according to experts, should be placed at 106.09 USD if you decide to enter this position.
JPMorgan has wrapped up the acquisition of Global Shares, a fintech firm. The financial terms of the transaction, announced this March, haven’t been disclosed.
Ireland-based Global Shares, through its cloud-based platform, helps businesses manage employee stock plans. The firm, through its offices across Europe, the Middle East & Africa, North America and the Asia Pacific, has 650 corporate clients and roughly $200 billion in assets under administration.
Global Shares will be integrated into JPMorgan’s Asset & Wealth Management (AWM) segment. The firm will continue to be based out of its current location.
Now, with the addition of Global Shares, JPM will become of the major providers of state-of-the-art “employee ownership solutions to private and public companies” across the globe.
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RDFN ( FINTECH STOCK) is reboundingon the one-hour NASDAQ:RDFN chart. Earnings were a miss as compared with the first quarter
However, it is showing a reversal pattern in the mid-term price action validated
by the Awesome Oscillator and Relative Volume Strength Index applied to the chart.
Call Option $ 13 for 9/16/22 with 86% volatility looks to be a candidate
( not financial advice or recommendation but only education or entertainment)
Why PayPal ( $PYPL) is one of my TOP long call "position trades"Why I like PayPal PYPL
Back to 2017 levels, pretty much "recession proof" (give or take). It's almost God sent being down at these levels (undervalued/fair value). There are some strikes that are def. set up for nicely profitable positions if chosen correctly, common shares as well. Though I hid a lot of my indicators for a simple view, there is def. a divergence between price and RSI on both the Daily & Weekly, as well as the Monthly looking pretty bottomed out. I am pretty big into Harmonic patterns , but am not going to share my "secret sauce", at this current time.
I will continue to add to my position and average down (as planned) into further out strike dates. I as well will MOST LIKELY play the short term trends as well, but my overall goal is to see at least $115.00 with my "position trade" call contracts.
I typically leaves these "ideas" pretty brief on Trading View as I don't really have a BIG following on here
If you have any questions about my "idea" feel free to reach out!
(This is a repost as I had some community violations I was unaware about)
$SOFI heavy insider buying from CEOI think Anthony Noto is looking at the weekly chart too.
Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel.
Once it fights through it and closes above it, it should easily hit $7.70.
The sweet spot for the majority of people to get out from being underwater is right around the VWAP and what I would consider the next big target, $13.94. (Circled)
SOFI investment thesis for a 100%I will give you 3 things in what to think.
1. Unemployed people
2. Inflation
3. Leverage
Unemployed people will use credit to buy that credit will generate revenue, inflation means the reduction in the consumption power, people have two options consume less or by with credit, that means earnings, leverage, people use credit to acquire houses, cars, and other gods they need or they want, means revenue!.
SQ - Block it out until JulyShort-term bullish for SQ Block from here. A 100% move into July is looking increasingly likely @ $170. This would be a re-test of the MA for resistance. It also coincides perfectly with a 0.382 fib retracement from the downtrend.
RSI is very oversold and making a higher low. There's now divergence vs the price - which is making a higher low.
We're also at the bottom of the purple exponential channel, having found support there. Same for horizontal support created first in 2018.
Stop loss down at 74, which is where we'd signal a new lower low (12%). Risk/reward is 33:1.
Entry will be confirmed on breakout of the dotted trend line - which many others have already made today.
Fundamentally, SQ is a strong business and profits were up 34% for the year. Price to earnings is still very high, but for a short-term trade - this seems like a great countertrend move to profit from until 2 months time.
$SOFi In ABC Pattern I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ tops (depending on the structure of the b wave). And then it will make its final descent back down towards the ATL's. I go more in depth in the videos on my channel.
Get AMP ed Up 4 a Reversal Rally in this Payments Network Micro“A stupid man's report of what a clever man says can never be accurate, because he unconsciously translates what he hears into something he can understand.”
the obvious downside is that the trading volume is very low relative to Market Capitalization.
Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases.
Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities. Amp supports a wide variety of use cases for collateralization, and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.
SQ: Sell Zone is 170 -176SQ is forming a leading diagonal off the lows. The bottom is in for the near term, and price should head up to the sell zone at the 170-176 region. After that, price will pull back for 4-8 weeks to about the 110-120 level before beginning the big move up during W-3. Since W-3 topped at the 1.0 extension, I am targeting the 1.382 extension for W-5.
StoneCo (4H) - short term Bullcase // could it fill the GAP ?Hello traders (and some investors ?),
As you could notice, most of high-growth and tech stocks are in bear market for last several months.
While huge part of them formed abc corrective waves down. StoneCo formed impulsive wave (of 5 subwaves) DOWN =that´s not good sign because impulsive waves are never alone.
So my thesis how to play this stock is this.:
- You can see there is a GAP around 27-29usd which is around 0.238 retracement. (possible 140% gains).
Fundamentals:
-- there is huge risk, as it is Emerging market in Brazil.
- A lot of competitors(like NU bank) with much bigger backing (Berkshoire invested in both, also Softbank, ...)
++ StoneCo grow very fast in terms of AMU and revenue.
+/- management hired some advisors which could help to restruturalize business (and also increase expenses :( )...
+/- Stone aquired some businesses which was very good step, but I really dont understand why they bought stake in Banco inter (AT THE TOP !!) = seriously guys, they should consider hiring at least average trader / Technical analyst for this kind of aquisitions / investments...
+/- stock price correlates highly with other Groth/tech stocks (check my Fintech/ecommerce analysis ... seems like Stoneco correlates more with Chines market than SaP).
So fundamentally its 50/50 and depending on many variables = long term it could be nice investment if you are willing going to the moon or to zero....
Right now I´m not willing take so big risk to hold it forever, so my target is around 28 usd. if we form wave C of correction UP, I will sell everything and watch from side.
Take care, strade safe and enjoy the ride. ;)
DLocal $DLO is giving signs of recoveryNASDAQ:DLO is one of the new hot growth stocks that is in everyones radar. The good thing is that as it has been beating up for the las few months, it may be a good play.
Since December the MACD is been signaling a bullish divergnece. Now, after a good double-bottom it seems that the price has made a pause making a handle. This volatility compresion with low volume is the perfect signal for an explosive move. And that move may be upward.
Still growth stocks haven't been working so I would play very safe. Start with a buy at $34.50 with a small position and then add up as the price maintains the bullish move. Also, beware of the support and resistance zones.
CHINA BIG DIP analysis + TENCENT (e-commerce, fintech, gaming)Hello Traders, Investors and Speculants :),
You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam.
Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent directly or via Prosus shares.
++ others are buying CHina stocks // Charlie Munger = BABA, Ray Dalio increasing positions, Nitin Saigal fully invested in China ...).
So Why would you need another analysis if they are alredy buying?
This thread will be purely my opinion about oportunity for Buying into Tencent and many China located gigants + why I think, we are near the temporary bottom of correction = of Wave A !!
If you look at biggest China companies, almost all of them reached All-Time-High from November 2020 till February 2020 = Potential TOP of China growth-tech bubble.
(this time it could be e-commerce, finTech, Gaming companies + Crypto of course...)
Lets take a look at few of them, this thread will continue in comments so stay tuned.
TENCENT as one of biggest Chinese companies (acting more like ETF based on around 700 holdings).
AliBABA
KWEB - China internet ETF
MEITUAN (Btw biggest Tencent position)
SEA Limited:
NIO:
Whats interesting even some Non-China Fintech companies reached their ATH around this time like StoneCo (Brazil).:
SOuth America - Mercado Libre - MELI:
While in the US, Covid related restrictions and fear of investors was probably slightly delayed by several Months:
is still near thSPX, AMZN, and other FAANG ggants are still near ATHs, some of the FinTech and e-commerce companies start to fall.
PAYPAL:
SQuare:
Conclusion + Investment Thesis:
1) Be very carefull with catching the falling knife. Wait for pure Buy signals and signals of reversal at least at 3D/1W charts. Also consider buying only with very good RRRatio + clear setup.
2) China could be very good oportunity for short term BUY-LONG setups when you will be able to count all subwaves of Wave A but still be very carefull. (Around 1-3 months from now).
3) US and western - world conutries will probably continue to fall in dozens of % DOWN. (US is delayed, it could take around 3-6 months to reach bottom and point of maximum fear of retail and small VC investors.)
Patience folks, patience.
SOFI Bounce?Looks like wave C of this downtrend could be a double three. If that is the case it should bounce next week if the overall market is decent. Looking for 10-11$ short term. If it ends up being a triple three which is very likely considering I think the overall market (see SPY chart) might bounce early next week and then is extremely bearish, SOFI will go lower than the ATL it set this week. Looking for a bounce this week though.
SoFI close to the SPAC priceSoFi gained approval and started SoFi Bank operations after the end of 2021.
With the Super Bowl played at SoFi Stadium they gained a lot of brand awareness.
In the chart we can se a massive bullish divergence.
My short term price target is the $14.15 resistance.
Bank of America targets $17 for SOFI shares.
Looking forward to read your opinion about it.
SQ - Back to pre-covid levelscatching a falling sword only brings hurt...no reason whatsoever to bottom fish at this level...if 100 is taken out, next level is way down.
If you are a believer (aka LT investor) you might want to dip your toes a little. There is a good support at 100 and structurally, company is not worse than what it was pre-covid.
FUTU - tight range above all daily moving averages
Holding all moving averages on daily ++
Selling volume is lower than average ++
hasn't made new low since Dec 13 +++
Hasn't made new high since Jan 20 --
Overall weakness in chinese names -
Takeaway: once price moves over 50 on volume, this will push to 65 and higher. Patience for now.