AFRM possible reversalWhat’s bullish:
- Filled the gap
- Bullish divergence
- Bounced off strong resistance line transforming into support line
- Bounced off strong support line since May
- Earnings approaching
What’s bearish:
- Still under 50ema
- Overall sentiment for Fintech is bearish at the moment
Me:
Hello started with stocks 1 year ago. After analyzing many charts I have accumulate more experience than a newb now I’m a newb+. Feel free to give me feedback
Fintech
Omicron we didn’t like but let’s try to recoverThe latest covid variant has certainly thrown the market into panic and has caused several collapses including the recent transfer of value by this ETF.
In my previous analysis in November, my idea of increasing the price of ARKF was completely disregarded.
Despite everything it seems that institutional investors have not changed their tendency to reduce the SHORT positions that they had already started, the recent collapse seems to be due mostly to sales by professional investors.
Now a reversal of this wave of sales seems to have begun, so I expect a price rise again.
I’ll mediate the positions already in place, waiting for the ascent.
Upstart's Next RallyElliot Wave Analysis on $UPST:
1- Corrective Wave 2 should most likely be completed somewhere in the zone depicted on the chart
2- Wave 2 may not be complete before 17 Mar 2022
3- Wave A, the first leg down of Wave 2, is already stretched enough so the price should reverse to the upside sooner than later
4- Wave 3, which is usually the longest and strongest of all waves has a price target of $750 to $1130. A more accurate target can be estimated once Wave 2 is complete
5- A very rough estimate shows us that Wave 3 should be completed around mid-2024 yielding 5x to 8x if $UPST is purchased at today's price around $140
This is not financial advice, DYODD
Cheap Valuations for Fintech PSFERecent strategic partnerships and acquisitions, insider share buying, trading under a 2.0 P/S with ~ $1.5B annual revs and $120B transactional volume, and significant gaps to fill on the chart all make PSFE a no-brainer buy at these levels.
Just my personal opinion, not investment advice.
Paypal. Hammered as of late but is it time to buy the dip.Off more than 35% over the last few months and infact down on the year, this appears to be a dip that should be snapped up. The RSI has never been so oversold on multiple timeframes. The fisher is in extreme lows and with the price placed nicely on support. The recent fall has also made a bullish crab. Targets of 234 + 288 then will reassess.
$PKK Double Bottom Reversal PatternThis is where Technical Analysis and strong company fundamentals collide.
CSE:PKK has their strongest quarter incoming (Q4) which is expected to surpass 2020's revenue in it's entirety.
This, combined with a NASDAQ listing, and other unknown catalysts should result in powerful capital market results.
More on the double bottom pattern:
"The double bottom looks like the letter "W". The twice-touched low is considered a support level.
The double bottom pattern always follows a major or minor down trend in a particular security, and signals the reversal and the beginning of a potential uptrend. Consequently, the pattern should be validated by market fundamentals for the security itself, as well as the sector that the security belongs to, and the market in general. The fundamentals should reflect the characteristics of an upcoming reversal in market conditions. Also, volume should be closely monitored during the formation of the pattern. A spike in volume typically occurs during the two upward price movements in the pattern. These spikes in volume are a strong indication of upward price pressure and serve as further confirmation of a successful double bottom pattern."
IS $UPST READY FOR BREAKOUT?$UPST after a beautiful bull run now it is getting correction and need to breakout the falling wedge for reversal. Mentioned points in chart about reversal. Currently $UPST met the support $206 want here to create a base for reversal if it misses to hold next big level will be on $191 support level. Good earnings and good growth stock to be hold for long run but don’t chase it in down trend let it settle down and start making reversal.
Is $UPST Ready for breakout?$UPST after a beautiful bull run now is is getting correction and need to breakout the falling wedge for reversal. Mentioned points in chart about reversal met the support $206 want here to create a base for reversal if it misses to hold next big level will be on $191 support level. Good earnings and good growth to be hold for long term but don’t chase it let it settles down and start making reversal.
HOOD trading tightening up. Finally some positive news?Okay, there is no denying that Robinhood has been a dumpster fire.
Between all the bad press with trading halts and outages, then the IPO was very obviously less than spectacular.
But my hunch is that we may be bottoming very soon, with a large amount of institutional money, they won't be letting this fail.
But we can let the charts tell that story.
#SKFINDIA #NIFTY #BANKNIFTY #Iot #IT #NFT #ML #muhurattradingSKF India Ltd.
NSE:SKFINDIA
NSE:SKFINDIA
CMP: 3519
Target 1: 3800+
Target 2: 4500+
Time frame: <6months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
$idex are we in a buy zone?This is a fintech play that's been a part of the growth winter beat down... How will this response as we approach the incoming new year... How will the growth sectors beat down affect this one?
Ethereum vs Visa: A Tale of Two ProtocolsIt was the best of times and worst of times for two payment protocols.
First consider Ethereum. The Defi giant hit a new all-time high early this morning, some 43 hours after the Altair upgrade took effect. If all goes well, it will be a key incremental step toward Ethereum 2.0 – making the cryptocurrency a scalable solution for countless fintech problems around the world.
Next, consider Visa . The once-mighty credit-card giant (and Dow member) crumbled to its lowest level since March, hammered by higher costs and tepid global transactions. Then came a Wall Street Journal report that the Justice Department might be probing its relationship with companies like Square and PayPal . These developments could be the first step toward weaker results and increased regulation.
It’s like a history book playing out. The cracks appear in an ageing giant that for years enjoyed a near monopoly. Meanwhile, its ascendant rival enters the homestretch on a series of improvements that could plant it on top of the world.
Also consider this: Along the way this week, Ethereum flipped ahead of V in market cap.
Anyone doubting the rise of cryptos needs to pay attention. As the chart above suggests, innovations anticipated for years are starting to bear fruit. Life may never be the same.
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$HOOD TRADING BELOW IPO PRICESRobinhood Plunges After Huge Revenue Miss, Terrible Guidance, 7.51 % After Hours.
$HOOD exec says the company will seek regulatory clarity before bringing any new cryptocurrencies to the platform
$HOOD Revenue Per User: -36% y/y
$HOOD CFO: "It's going to be impossible for us to accurately predict revenue on a quarter-to-quarter basis."
$HOOD Crypto Trading Revenue: -78% q/q
Good Lecture on $HOOD and why it's a bubble 💭
quoththeraven.substack.com
PKK to $17-18 in NovemberFollowing a rocky start after an uplisting and delisting from NASDAQ, PKK has been checking all the boxes in every other metric and has been hitting it's bull flag targets since the first run from 35 cents. Despite the pullback after losing the NASDAQ listing, we retraced only a little more than the historical 57% after every bull run and the hit we took after the de-listing ended up basically just printing another flag.
Golden cross on daily two days ago as well as crossing over the 200MA on hourly timeframe since the beginning of the pullback and yesterday and today we are testing the top of the band with uplisting news expected today.
Looking for $17-18 by end of November.
$CRO CirraltoDust off your mice, guys!!!
It's time to punch back in soon. Loving this new gradient concept for the pump n dumpers
How's it different to what I was doing? I can now extrapolate from the start! And potentially back-measure from what I expect will be an exit if there's a pump on.