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Another Chance to Go Long Lufax – A Close Look at Q2 2021 ResultThe overall favorable financials and rather a low valuation of the Chinese fintech present a new investment opportunity. Lufax achieved positive year-over-year growth in key financials during the second quarter of 2021. Larger clients are cutting more shares in credit loan and asset management sectors. The stock repurchase plan is expected to boost Lufax's stock price – which has been decreasing for months to a level way below IPO price. Several problems, such as the shrinking business scale and decreasing income from the technology-based business, have become concerns for Lufax's long-term development. Lufax (LU:NYSE), founded in Shanghai in 2011, is a fintech affiliate of Ping An Group that provides personal financial services as an agency and dealmaker to help financial institutions connect to retail clients. Lufax launched its New York Stock Exchange public offering on October 30, 2020, raising USD 2.36 billion. On August 10, Lufax posted its financial results for the second quarter of 2021. Here, we dissect the released data, while constructing an investment message. Improving financials, with a better business structure During the three months through June, Lufax achieved revenue growth of 17.3% and its net income increased by 53.2% year-over-year. The total revenue and net income grew from CNY 12.64 billion and CNY 3.09 billion in the same period last year, to CNY 14.83 billion and CNY 4.73 billion in the second quarter of 2021, respectively. Since the third quarter of 2019, Lufax has been achieving positive year-on-year quarterly revenue growth, despite the COVID-19 outbreak. The net profit only showed a decrease from July to September in 2020, mainly affected by the pandemic, as the firm claims. Nevertheless, the overall business operation and profitability have been improving. What is more, consistent with its strategy in the retail credit field, the company has increased loans to small-to-medium businesses in recent years. During the second quarter of 2021, 77.6% of the new loans were issued to the small business owners who normally have somewhat large tickets, therefore reducing Lufax's costs associated with the borrowers. In the wealth management sector, contribution to total client assets from customers with investments of more than CNY 300,000 on the company's platform increased to 80.2% as of June 30, 2021, from 75.4% in the same period in 2020. Upward price momentum In May 2021, Lufax announced that the ADS worth USD 300 million would be repurchased over the following six months. Some of the company's top executives will also spend USD 5 million at most with personal funds on the ADS purchase. By the end of June 30, transactions accounting for USD 286 million had been closed, with USD 281 million from the company and 5 million from the management team. It is clear that the management is confident in Lufax's future, and trying to give the market positive signs, especially under the current low-valuation situation in the stock market. Lufax was certainly very high-profile in launching on the New York Stock Exchange on October 30, 2020 as the fourth largest unicorn globally, reaching its historical high record of USD 19.72 per share in the next month. However, since May 2021, partially because of the crackdown in valuation among all Chinese concept stocks, the stock price of Lufax has sunk – to USD 8.60 on August 17 of 2021, far below its IPO price. What is more, 13 over 16, which is 81.25% of the Wall St. analysts give bullish or very bullish ratings to Lufax. Along with the stock repurchase plan, we believe the stock price will be boosted, based on overall solid financial performances and below-expectation capital market recognition; thus, Lufax is considered a good investment now. What to be aware of The new loans facilitated during the second quarter of 2021 decreased by 11.4% from the previous quarter and the asset amount from wealth management clients only went up by 1% from the first quarter of 2021. Per the management, that was because of the change in company strategies, as Lufax has been focusing more on service quality instead of business expansion, which is backed by three principles: compliance operation, targeting SMB and affluent clients and technology improvement. However, the last principle, which lies upon the technological transformation, which Lufax has been emphasizing for years, has no embodiment. The largest revenue component – technology-based income – has been contributing less and less since the third quarter of 2019, the earliest financial records available. Compared with the other two Chinese fintech leaders, Ant Group and JD Digits, Lufax's R&D expenditure-over-revenue ratio ranked last since 2017. What is worse, the expense has been taking up a decreasing percentage of the total revenue since 2019. Furthermore, in the press release of the second quarter's financial results this year, Lufax announced that a new series of stock repurchases would be launched, with ADS worth around USD 700 million to be bought back within one year. The company will intake USD 10 million of ADS shares transferred from the market. This plan is strongly considered a positive sign on the underlying stock price. The company's maturity process can partly explain the recently decreasing month-over-month profitability and shrinking business scale. This, however, can affect the operation results. Although the 'LU' stock may provide a short-term investment opportunity, its long-term development is still unclear.
NYSE:LULong
by EqualOcean
AFRM UpdateAffirm - sold and closed out of it today hoping for a gap fill of some sort so I can re-buy. Average cost was $64 on AFRM. I bought because big time traders were pissing all over it on Twitter but since they dont visit consumer sites - they didn't see it. I saw Affirm logo on many many e-commerce stores and Amazon's big stamp of approval just showed that Affirm is the winner. I will be honest, I have been very nervous about it from day one but not once thought of selling, instead added on the dip. In fact, I am even questioning why I decided to sell today. Anyways, will rebuy lower if Powell lets me. Neutral at the moment to see what price actions tells me next.
NASDAQ:AFRM
by bossmodetrader
Growing Stocks to Watch in the Chinese Market: (QFIN:NASDAQ)Analyzing four small-cap opportunities appearing amid the regulatory storm. 360 DigiTech (QFIN:NASDAQ) 360 DigiTech is a tech-empowered digital platform. By using data-driven technology, it enables financial institutions to provide better and targeted products and services to a broader consumer base. Unlike many of its peers, the company is a pure SaaS platform that generates considerable revenue from technology services. In the third quarter of 2020, 360 DigiTech brought its net tech income to around 50% of the total income for 2020. Embedded finance is a to-B business that is featured in 360 DigiTech's core strategy. It stands for tech-powered services, especially those in the risk management area. It is embedded into other Internet businesses, like Du Xiaoman Financial, DidiChuxing, Meituan, Xiaomi Finance, JD Digits, reaching tens of millions of potential users in a variety of consumer scenarios, such as online shopping, transportation and food delivery. Also, 360 DigiTech's to-B business has seen an expansion of the client base that has helped the company maintain the leading position in the sector. We believe to-B business is the technological advancement that will support the company to maintain its high and steady growth in the future. What is more, the latest antitrust regulation wave is going to further benefit smaller fintech platforms, represented by 360 DigiTech. For the full article with the charts, please visit the original link.
NASDAQ:QFINLong
by EqualOcean
360 DigiTech's 2021 Q2 Revenue up 20%, Net Income up 76.6%On August 19, Chinese online fintech platform 360 DigiTech released its 2021 Q2 earnings report. The earnings report showed that the company's revenue for the quarter was CNY 4 billion, up 19.8% year-over-year, and net profit was CNY 1.55 billion, up 76.6% year-over-year. 360 DigiTech shares rose 6.21% on that trading day. Founded in July 2016, 360 DigiTech is a data-driven, AI-enabled third-party financial technology platform owned by domestic Internet security giant 360 Group. The company was listed on NASDAQ in the US on December 14, 2018. During this second quarter, 360 DigiTech's net revenue from credit-driven services was CNY 2.441 billion, down 20.8% year-over-year; net revenue from platform services was CNY 1.597 billion, up 516.6% year-over-year. The financing revenue was CNY 488 million, down 22.3% year-over-year; and revenue from secured debt release was CNY 1.352 billion, up 25.5% year-over-year, mainly due to an increase in the average outstanding balance of off-balance-sheet capital loans during the period. As of June 30, 2021, 360 DigiTech's platform had connected 108 financial institution partners and 176 million consumers with potential credit needs, up 18.1% year-over-year; cumulative users approved for credit lines were 34.7 million, up 25.3% year-over-year; and cumulative borrowers, including repeat borrowers, were 22.3 million, up 25.3% year-over-year. The company's financial institutions contributed 88.7 percent of loans originated by repeat borrowers during the second quarter. In the second quarter of 2021, the company's partners, such as financial institutions, originated more than 27.71 million loans through the platform, with total loans of USD 88.452 billion, up 50.2 percent year-over-year. Among them, the balance of loans for technology solutions such as light capital was CNY 58.187 billion, an increase of 186.4% year-on-year; financial institutions issued about CNY 7.1 billion of credit lines to micro and small enterprises through the company's platform, an increase of 22.4% year-on-year. The weighted average maturity of loans issued by financial institutions on 360DigitaTech's platform lasted approximately 10.66 months, compared to 9.57 months for the same period in 2020. As of June 30, 2021, the company's 90-day+ delinquency rate for loans originated by financial institutions on its platform was 1.19%. In addition, 360 DigiTech reported its total operating costs and expenses of USD2.148 billion for the period, down 8.4% year-over-year and up 5.2% sequentially. The company is expected to continue its growth in the second half of this year. Therefore, the company's total loans are expected to reach between USD 340 billion and USD 350 billion in 2021, up 38% to 42% year-over-year from the previously estimated USD 310 billion to USD 330 billion.
NASDAQ:QFINLong
by EqualOcean
LMND ~ Multiple Support levelEvery circle in the chart is pointing out a test of the support level at $80 approximately. As you can see, since the IPO, we have tested this level multiple times. The arrow in the RSI shows a positive divergence, where every test had a slightly higher level. Unfortunately, if you used this method on the range from early March to late April, you would have gotten stopped out most likely as we had a failed breakout. We are getting another potential setup, as the RSI is once again diverging, and we are testing the same support level. The one thing different aspect with the latest positive divergence is we never got under 30 RSI; which is a signal of strengthening.
NYSE:LMNDLong
by dorfmanmaster
SOFI So Good?After plotting the Fib retracement using January's low as the anchor, some really interesting levels started to present themselves...mainly the 786 fib line. Each time it has broken down and tested it, SOFI bounced shortly after. Now that volume is beginning to gain ground, this could get interesting. On top of that you can see that the 618 fib line has also been a technical resistance level this year with SOFI getting rejected more times than it has managed to break and hold above it. Aside from the Social Sentiment being a factor, fintech as a whole has gotten play this year. That's not only for COVID helping advance "social distancing" stocks but also the fact that people just don't want to be bothered by going to a bank if they can do things virtually. "In the second quarter of this year, the U.S. GDP shot up by around 6.5%, indicating that expansion is well underway following the onset of the pandemic. Right now we have to consider the effects of the Delta variant on a reopening economy. In line with this, investors should understand what this means for stocks across the board. With the tech industry, investors remain bullish on the potential impact of the pandemic. As we saw early on in the course of Covid, many tech stocks were able to benefit greatly. The increased need for new tech products and better work-from-home/educate-from-home offerings created a highly bullish environment for the tech industry." Quote Source & Read More: 3 Tech Penny Stocks To Watch In August 2021
NASDAQ:SOFI
by PennyStocks101
A Success Tunnel for 360 DigiTech: Business TransformationChina's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market. In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in the corporate and consumer sectors. The Matthew effect in the industry has been further exacerbated under such circumstances, where small-sized companies with less capital or poor risk resistance ability will be forced to quit the stage. Although 360 DigiTech, Inc. (QFIN:NASDAQ) is a late starter, it is one of those niche players able to stand up to this fierce competition, mainly due to the reputation of its parent company – 360 Security Technology, Inc. (601360:SH) which brings significant brand visibility to the table. Strong performance with low valuation This USD 6.57 billion company is currently outperforming what the market expects. On May 27, 360 DigiTech released its unaudited financial results for the first quarter of 2021. The total net revenue increased by 13.1% to CNY 3.6 billion (USD 0.55 billion) from CNY 3.2 billion in the same period of 2020, while the non-GAAP net income reached CNY 1.41 billion (USD 0.2 billion) with an astonishing increase of 452.8%. The operating income along with the account under the non-GAAP measure achieved a growth of 745.7% and 533.0%, respectively. However, given this relatively strong financial performance, 360 DigiTech's P/E ratio appears to have been lower than that of its peers for a long time, although it is currently ranked the highest among the top four. Lexin (LX:NASDAQ), a leading online consumption and consumer finance platform, is also using technologies to encompass risk management and loan facilitation systems, just as QFIN does, but its P/E ratio is far higher than that of QFIN. For example, in the third quarter of 2020, Lexin's P/E ratio was more than 5 times that of 360 DigiTech; by Q2 2021, Lexin was lower than 360 DigiTech for the first time, at the level of 8.1. Along with the progressively upward stock price, the necessity of re-assessing 360 DigiTech is becoming more obvious. How the asset-light business model works 360 DigiTech is one of the earliest platforms in the industry to proactively initiate the transformation of reducing the proportion of self-operated loans and improving loan facilitation. This turned out to be an informed decision. In the third quarter of 2019, 360 DigiTech first proposed its new strategic target for adopting the 'capital-light,' or more commonly as 'asset-light' business model. More colloquially, this refers to the company directly navigating the borrower to their cooperative financial institution, while collecting service fees from credit evaluation, credit management, or other technical-related services. According to the published unaudited financial results of 360 DigiTech for the first quarter of 2021, the total loans originated by financial institutions were CNY 74.15 billion, of which CNY 37.25 billion (50.2%) was under an asset-light model and other technology solutions, achieving an astonishing increase of 211.9% over the same period in 2020. Haisheng Wu, CEO of 360 DigiTech, stated that "...over 50% of the loans were facilitated under the capital-light model and other technology solutions..." and it is a "fundamental change to the nature of our business, from being capital-driven to technology-driven." The highlight of this model is that as a loan facilitator, the company is not required to inject any margin for each loan. In other words, the credit risk of the asset-light business is borne by the capital; the loan facilitator is thus riskless. Besides, it can better respond to regulatory requirements and resist the impacts of uncertainty on business stability. Moving further towards 'tech' In policy terms, the tightening regulatory rules pose a little impact to loan facilitators like 360 DigiTech – even as fintech giants like Ant Group and JD Digits may suffer – as its targets are excess leverage and systematic risks. It creates opportunities for 360 DigiTech to jump a queue. The asset-light model is hence the core strategy of reducing the regulatory and credit risk. Besides, QFIN is trying to use less capital and more technology-powered services to open up more opportunities, both in terms of client acquisition and risk management. The improved portfolio quality, as indicated by the relatively low delinquency ratio, was one of the contributors for its shining performance even in the special 2020, although it showed an upward-trending slope for the period during the epidemic. However, it seems reasonable: due to the lag of loan repayment as well as its timeliness of statistics, the negative effects of China's -6.8% GDP in 2020Q1 only started to appear in the second quarter of 2020, causing a history of high non-payment ratio of 2.82%. Up to date, the company's delinquency ratio has nearly risen back to the level before COVID-19, and we will keep an eye on its future performance. Moreover, with a few innovations and technologies, for example, Argus RM Model, Intelligence Credit Engine (ICE), Cloud Bank System, Cosmic Cube System, Apollo Platform and AI Robots, 360 DigiTech is working hard towards the 'tech side' of the fintech business as well as being technology partners with banks. The strategic collaboration with Kincheng Bank (KCB) is a good example. The bottom line 360 DigiTech's asset-light model works well, and it has the potential to pay off from the long-term perspective, which brings further expectation for its growth prospects. The company's business expansion plans are proceeding with KCB as the first step. These strategies will further improve the company's flexibility in this competition for market share. Fo rthe full article with chart, please visit the original link
NASDAQ:QFINLong
by EqualOcean
A Success Tunnel for 360 DigiTech: Business TransformationChina's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market. In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in the corporate and consumer sectors. The Matthew effect in the industry has been further exacerbated under such circumstances, where small-sized companies with less capital or poor risk resistance ability will be forced to quit the stage. Although 360 DigiTech, Inc. (QFIN:NASDAQ) is a late starter, it is one of those niche players able to stand up to this fierce competition, mainly due to the reputation of its parent company – 360 Security Technology, Inc. (601360:SH) which brings significant brand visibility to the table. Strong performance with low valuation This USD 6.57 billion company is currently outperforming what the market expects. On May 27, 360 DigiTech released its unaudited financial results for the first quarter of 2021. The total net revenue increased by 13.1% to CNY 3.6 billion (USD 0.55 billion) from CNY 3.2 billion in the same period of 2020, while the non-GAAP net income reached CNY 1.41 billion (USD 0.2 billion) with an astonishing increase of 452.8%. The operating income along with the account under the non-GAAP measure achieved a growth of 745.7% and 533.0%, respectively. However, given this relatively strong financial performance, 360 DigiTech's P/E ratio appears to have been lower than that of its peers for a long time, although it is currently ranked the highest among the top four. Lexin (LX:NASDAQ), a leading online consumption and consumer finance platform, is also using technologies to encompass risk management and loan facilitation systems, just as QFIN does, but its P/E ratio is far higher than that of QFIN. For example, in the third quarter of 2020, Lexin's P/E ratio was more than 5 times that of 360 DigiTech; by Q2 2021, Lexin was lower than 360 DigiTech for the first time, at the level of 8.1. Along with the progressively upward stock price, the necessity of re-assessing 360 DigiTech is becoming more obvious. How the asset-light business model works 360 DigiTech is one of the earliest platforms in the industry to proactively initiate the transformation of reducing the proportion of self-operated loans and improving loan facilitation. This turned out to be an informed decision. In the third quarter of 2019, 360 DigiTech first proposed its new strategic target for adopting the 'capital-light,' or more commonly as 'asset-light' business model. More colloquially, this refers to the company directly navigating the borrower to their cooperative financial institution, while collecting service fees from credit evaluation, credit management, or other technical-related services. According to the published unaudited financial results of 360 DigiTech for the first quarter of 2021, the total loans originated by financial institutions were CNY 74.15 billion, of which CNY 37.25 billion (50.2%) was under an asset-light model and other technology solutions, achieving an astonishing increase of 211.9% over the same period in 2020. Haisheng Wu, CEO of 360 DigiTech, stated that "...over 50% of the loans were facilitated under the capital-light model and other technology solutions..." and it is a "fundamental change to the nature of our business, from being capital-driven to technology-driven." The highlight of this model is that as a loan facilitator, the company is not required to inject any margin for each loan. In other words, the credit risk of the asset-light business is borne by the capital; the loan facilitator is thus riskless. Besides, it can better respond to regulatory requirements and resist the impacts of uncertainty on business stability. Moving further towards 'tech' In policy terms, the tightening regulatory rules pose a little impact to loan facilitators like 360 DigiTech – even as fintech giants like Ant Group and JD Digits may suffer – as its targets are excess leverage and systematic risks. It creates opportunities for 360 DigiTech to jump a queue. The asset-light model is hence the core strategy of reducing the regulatory and credit risk. Besides, QFIN is trying to use less capital and more technology-powered services to open up more opportunities, both in terms of client acquisition and risk management. The improved portfolio quality, as indicated by the relatively low delinquency ratio, was one of the contributors for its shining performance even in the special 2020, although it showed an upward-trending slope for the period during the epidemic. However, it seems reasonable: due to the lag of loan repayment as well as its timeliness of statistics, the negative effects of China's -6.8% GDP in 2020Q1 only started to appear in the second quarter of 2020, causing a history of high non-payment ratio of 2.82%. Up to date, the company's delinquency ratio has nearly risen back to the level before COVID-19, and we will keep an eye on its future performance. Moreover, with a few innovations and technologies, for example, Argus RM Model, Intelligence Credit Engine (ICE), Cloud Bank System, Cosmic Cube System, Apollo Platform and AI Robots, 360 DigiTech is working hard towards the 'tech side' of the fintech business as well as being technology partners with banks. The strategic collaboration with Kincheng Bank (KCB) is a good example. The bottom line 360 DigiTech's asset-light model works well, and it has the potential to pay off from the long-term perspective, which brings further expectation for its growth prospects. The company's business expansion plans are proceeding with KCB as the first step. These strategies will further improve the company's flexibility in this competition for market share.
NASDAQ:QFINLong
by EqualOcean
Payment services at the centre of attentionThe fight against cash is continuing all over the world and in this context of economic recovery the increasingly basic payment services certainly play a fundamental role in the daily life of every individual. Online payments, in stores , in supermarkets are increasingly digital and because of electronic tools and Fiserv with its worldwide presence does just that, provides banks and institutions the right means for the continuous digital challenge related to finance of our century. The Market Miracle advisor generated an entry signal for Fiserv Inc. where capital seems to be coming from the world of corporations the target is expected to be 118.43 USD In the months precedence the interest in the Stock has been shown from part of the institutions but now this has attenuated and the price has been diminished leaving space to new investments. The price of the company would appear to be below its fair value by more than 13 % Analyzing on the chart you can see that the Sentiment market is good and the price is close to some supports, this could give momentum to a price increase in the next hours or days. This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
FLong
by MarketMiracleAdvisor
Can This Tokenizing FinTech Maintain Its TrendI'm hoping ABXX can keep the support along the cup and handle trend. New support was recently found around $3.33. The Simple Moving Averages on the 4 hour and 6 hour charts are both crossing at $3.64. $3.64 also acts as a resistance point on the hourly chart as shown below. Huge resistance is coming around $3.70. The next major resistance level is at $4.00. A close up on the 4-Hour chart shows a gap that must be filled around $3.95. Zooming out to the Daily chart, we are on candle number '7' out of a '9' candle trend. Hopefully after this '9' candle-trend to the downside is complete, ABXX shareholders should see bluer skies ahead. I do not give financial advice, but you can see my earlier, more in-depth analysis of ABXX & ABXXF under my 'Related Ideas'. I do adjust trend-lines and other info as the chart changes. I really like this FinTech company, it's team, and their mission. This a great play for investors like me who are interested in: ESG (Enviromental/Social/Governance) Blockchain technology & Tokenization Mining, Precious Metals, LNG (Liquified Natural Gas) I try to follow the smart money. I am long ABXXF.
NEO:ABXXLong
by the13thalien
1
Square Has Pulled Back to SupportSquare is one of the hardest-charging growth stocks in recent years. Like many growth names, the fintech has paused since vaccine news triggered a shift toward value stocks in November. But now the risk / reward may be swinging back toward the bulls. First consider the area around $200 where SQ is trying to bounce. It was also a low in late January, early March and late March. Second, the support also matches the 200-day simple moving average (SMA). In fact, it is SQ’s first test of its 200-day SMA in over a year. Third, stochastics have been oversold. The fundamental story also seems to remain intact, with earnings and revenue beating estimates on May 7. Cash app also grew 139 percent (excluding Bitcoin). TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:SQLong
by TradeStation
Stock pick sharing: Peak Fintech GroupCompany Name: Peak Fintech Group Inc. Stock ticker: PKK (CSE) / PKKFF (OTC) *** Plans to change ticker to TNT after NASDAQ uplisting Sector: Technology Industry: Information Technology Services General Business: - Parent company headquartered in Canada, has a group of subsidiaries operating in China's commercial lending industry. - SME's in China contribute a large to the GDP, and yet also face difficulties in getting loans to facilitate their business operations. - Peak Fintech Group uses tech, analytics and AI to create an ecosystem of lenders, borrowers and other market participants in China's commercial lending space. Current milestones (some major ones): - Has deals with subsidiaries of large Chinese conglomerates and online marketplaces to provide their Cubeler Lending Hub services - Implementation of digital currency (China is pushing strongly on this front) - Agreement with China UnionPay subsidiary to implement payment processing and fund transfer services (could be equivalent to Paypal partnering with Amazon in the U.S.) - Fund transfers from China to Canada already tested and successful - Partnership with China's top e-commerce software provider, ShopEx - provides access to shops operating on 28 online marketplaces and social media platforms - Has applied for NASDAQ uplisting which would likely happen soon (estimating within 1 month from post if no further delays) - Revenue for FY20 has beat guidance (Estimated $40mil but achieved $42.7mil). - Hired MZ Group to lead strategic investor relations and shareholder communication program (increase awareness and interest of this company leading up to the uplisting) Potential in future: - Fintech is one of the hottest sectors in the market, stock price could follow the demand on NASDAQ. - Investors who missed on Ant IPO will want to find an alternative to invest in fintech. The company has already been approached by a Chinese fintech firm for possible merger. - Estimated 2021 revenues will likely more than double from 2020 (stated by management), and 2021 will be the first year of profitability. - Plans to expand into technology hub cities like Guangzhou, into Canada by end 2021, and into U.S. shortly after. - Plans to commercialize the accumulated data (new and significant stream of revenue for the company - data is extremely valuable! ) - Huge demand of public offering which led to being oversubscribed. - 3 -year revenue guidance would likely be coming shortly from date of this post. DISCLAIMER: I am not a financial advisor and this is just my personal sharing. The content is not exhaustive so please do your own research.
CSE:PKKLong
by TraderMozo
2
Visa Has Pulled BackCredit-card giant Visa is an interesting stock. Officially, it’s a member of Technology. But it’s also cyclical because of its obvious connection to spending and the financial sector. Not surprisingly, V broke out to new highs in late April as the economy moved closer to reopening. Quarterly results beat consensus and business trends for the current period were strong. V peaked at $237.50 following the news. It then ran out energy and dove back toward $220. That’s an interesting level because it’s near a peak from the end of last year. Two other patterns stand out. First is a trend line running along the lows of late January and late March. Second is the 50-day simple moving average (SMA). Third, notice how stochastics have dipped back to an oversold level. It’s a pretty recognizable setup overall with trend, levels and macro conditions all potentially lining up for the bulls. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:VLong
by TradeStation
1
9 Month Accumulation Ends in a WeekThe highest volume happened at around the $3.2 mark. We could go there again before the fib time zones show us a big move is imminent in the next week. Trend based Fib from the first mega candle from $5 to $30 to the lows at $0.30 shows that the golden pocket is around the start of the double digits. Get ready, 9 month accumulations on a coin that has a higher TVL than Uniswap now but is still 20x from the same Market Cap/TVL Ratio as Uniswap will most likely have a crazy violent breakout. Viewer Discretion is Advised, the following material is for Mature audiences Only
Long
by Danimal69
6
A Trend to the Upside for this FinTech?This is building from my original idea published for ABXXF, listed here in the US on the OTC; However, you can't really glean too much from it's chart. You can see the original ideas linked under 'Related Ideas". I'm expecting the cup and handle formation to continue with it reaching resistance around CAD$4.40-$4.45 (US$4.20). > The 4-Hour Charts for ABXX & ABXXF, both, currently on a green '2' candle. I'm expecting a full 9 candle trend to the upside to continue. A green number '2' candle sitting on top of a green number '1' candle is very bullish. If all goes to plan, the green '1' candles on the daily-charts for both ABXX & ABXXF could give us the same trend I just mentioned above. Regardless of these technicals, I really like this company and believe in what they are trying to achieve. The Company: Abaxx is a blockchain and ESG company focused on commodities like LNG (Liquified Natural Gas ) and Gold! Abaxx Tech came to the market through a RTO (Reverse Take-Over) of New Millennium Iron (NML & NWLNF). The serially successful mining and media billionaire mogul, Robert Friedland, was one of Abaxx's first angel investors. Abaxx Technologies has multiple subsidiaries. One of the subsidiaries is the Abaxx Exchange where Abaxx Tech receives a royalty for the commodities listed on the exchange. See more info about the company on its websites: Abaxx.Tech & Abaxx.Exchange **Keep in mind I'm an amateur investor nothing I say should be seen as financial advise. I am a small shareholder in this company because I believe in their mission and what they are trying to achieve. I've been a shareholder since the company was called New Millennium Iron when I learned that Robert Friedland was an angel investor in a young entrepreneur and ex-Goldman Sachs exec named Josh Crumb, founder of GoldMoney. I listen to 'Smarter Markerts', an Abaxx-sponsored podcast to learn more about the titans behind the Abaxx in the world of Mining, Blockchain, Finance and ESG. At least listen to the first episode where Robert Friedland lays out his vision behind a greener future. He discusses the importance of ESG, blockchain, batteries, copper, and more. You'll understand more as to why I'm so interested in what Abaxx is doing. I am long ABXX.
NEO:ABXXLong
by the13thalien
1
Paysafe Falling WedgePaysafe is relatively new to the public market after being SPAC'd public end of March. This company has been around for a while now as a private company and at one point was a public firm. I like this stock, has a few big names as clients: $COIN, $RBLX, $DKNG I think it'll be a slow burn, so I hold shares. Falling Wedge pattern with earnings report May 11th. You could wait until after earnings to see how it is, but I think we'll see a breakout of this pattern due to earnings. By the way, if you have information about $PSFE, feel free to comment.
NYSE:PSFELong
by Urameshi_Trades
3