Fundamental Analysis
TG Therapeutics (TGTX) Analysis Company Overview: TG Therapeutics NASDAQ:TGTX is a biopharmaceutical company focused on developing and commercializing innovative treatments for B-cell diseases. The company's recent FDA approval of BRIUMVI for relapsing multiple sclerosis (RMS) marks a significant milestone, positioning TG Therapeutics to capitalize on a high-demand therapeutic area.
Key Developments:
FDA Approval of BRIUMVI: The approval of BRIUMVI for relapsing multiple sclerosis opens access to a substantial market, with nearly 1 million individuals in the U.S. affected by RMS. This provides a significant revenue opportunity, with BRIUMVI offering a new treatment option that has shown favorable efficacy, safety, and convenient dosing compared to existing therapies.
Positive Market Reception: CEO Michael S. Weiss has expressed strong confidence in BRIUMVI's potential, noting positive feedback from both healthcare providers and patients. The drug's unique value proposition lies in its twice-yearly dosing, which is more convenient than the monthly or quarterly regimens offered by competitors, enhancing patient compliance and satisfaction.
Pipeline and Future Growth: The successful launch of BRIUMVI is a testament to TG Therapeutics' ability to introduce novel treatments. This sets a strong foundation for future developments in B-cell disease therapies, as the company explores additional indications and expands its pipeline. BRIUMVI's performance in the market could pave the way for further advancements in TG Therapeutics' product offerings.
Investment Outlook: Bullish Outlook: We are bullish on TGTX above the $21.00-$22.00 range, driven by the strong initial reception of BRIUMVI and its potential to capture a significant share of the RMS market. Upside Potential: Our price target for TG Therapeutics is set at $34.00-$35.00, reflecting the expected revenue growth from BRIUMVI and the company's strategic positioning in the biopharma sector.
🚀 TGTX—Leading the Way in B-cell Disease Therapies! #BiopharmaInnovation #MultipleSclerosis #NewTreatmentOptions
Market Analysis: A Breakout to New Highs, but Will It Hold?After a prolonged over 250-day range, BTC has broken out to a new all-time high (ATH) above the $75K zone, fueled by renewed interest following recent election sentiment and influential media coverage. This breakout marks a key technical development, but the question remains: Can it sustain?
Key Observations and Price Action Insights
New High Zone ($75K): The breakout above $75K looks technically healthy, with price action showing strength and bullish sentiment. To build confidence in a continued uptrend, BTC would ideally hold above this zone consolidating through few days, allowing for a strong base before seeking higher levels.
Potential Retracement Levels:
Mid-Range Support ($63K): If the current level fails to hold, BTC could revisit the mid-range support around $63K, a key level for possible consolidation and renewed buying interest.
Lower Range Support ( GETTEX:52K ): In the unlikely event of a more substantial correction, BTC could target the lower boundary near $52K. However, strong interest from high-profile figures and positive sentiment may help mitigate any significant pullbacks.
Strategy Considerations:
Traders should proceed with caution while tracking these key levels. Although sentiment and momentum remain robust, monitoring BTC’s behavior at these crucial zones will be essential for managing potential risks. The coming days could set the tone for a continuation or indicate a reversion to established levels.
FBTC: Break Out After 12 Months of Sideways - DCA TradeAll the white lines are buys. My weighted average price per share would be somewhere in the middle. I Dollar Cost Averaged into the position from basically the launch of the product on exchanges earlier this year, Say March 24. The trade looks to finally be playing out.
Long Term Hold position for me, and will add on higher timeframe (1 Day, 3 Day, Weekly) oversold conditions outside a normal standard deviation.
Fun time to be a trader at the moment.
Bullish EURO ScalpThe Euro futures market is showing signs of short-term bullish momentum, supported by a recent uptick in buying pressure. With the Federal Reserve's 0.25% rate cut, market sentiment appears to favor a weaker dollar in the near term, providing an opportunity for scalping long positions.
Looking to capitalize on quick intraday moves, the plan is to buy into minor pullbacks, targeting key resistance levels while maintaining tight stop-loss placements to manage risk effectively. This setup aligns with the broader potential for a short-term recovery amid mixed U.S. economic data.
$MEW meme coin analysis Hi 👋🏻 it's me your " Raj_crypt0 " ........ ✍🏻
I am going analysis #meme sector coin OKX:MEWUSDT ..... ✍🏻 #DYOR #NFA
nothing to explain in meme coins , it's just gambling coins in my opinion
My accumulation / BUY - $0.011 below
🎯 $0.0375 ( principle trade )
🎯 $0.1951
Stop 🛑 $0.004 below ....... Follow article for future updates 🤠
Wayfair’s Way Up!Wayfair is building strong bullish momentum, with a gap forming around the $35.00 level. A breakout above the $49.00 resistance would confirm further upside, positioning the stock to reach the $76.18 weekly resistance. This trade offers a favorable risk-to-reward ratio, with risk managed via a stop-loss at $27.50.
In the longer term, Wayfair has the potential to reach $90.66, supported by the company’s expanding presence in the e-commerce and home goods markets. As consumer trends continue to shift toward online shopping, Wayfair’s investments in logistics, supply chain efficiency, and a seamless user experience bolster its position for sustained growth. With a solid brand and loyal customer base, Wayfair is well-positioned to capture further market share, supporting a bullish outlook toward $90.66.
With strong technical momentum and an advantageous market position, Wayfair is primed to reach $76.18 in the short term, with $90.66 as a longer-term target.
Follow on X @The_Trading_Mechanic for more electric insights and market strategies!
NYSE:W
Breaking the Stretch: LULU Aiming for $355 with MomentumLululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37.
Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term.
NASDAQ:LULU
Time to put the Armour on and fill the gap!Under Armour has recently completed filling the bullish gap, and now the stock is positioned to close the bearish gap at the $13.00 level. From a technical standpoint, the stock has shown resilience and is poised to find strong support at $7.07, which coincides with previous levels of interest, including the COVID-era lows. This region has historically acted as a solid base for recovery, making it a prime entry point for investors.
In addition to this technical setup, Under Armour presents a compelling long-term growth opportunity. The company has been making strategic moves to optimize its operations and focus on higher-margin products, which could fuel margin expansion and profitability. The global activewear market continues to grow, and Under Armour is well-positioned to capture market share, particularly as it strengthens its digital presence and focuses on direct-to-consumer channels. As the company emerges stronger from post-pandemic disruptions, its current valuation provides an attractive entry for both short-term traders targeting the $13.00 level and long-term investors seeking value.
With strong support near the $7.00 range and a clear technical path to $13.00, this makes Under Armour an enticing buy for those seeking both momentum and value.
NYSE:UA
King Dollar is Back!DXY surged this week, bolstered by strong U.S. economic data.
Durable Goods Orders for July spiked by 9.9%, far exceeding expectations, while Q2 GDP growth was revised up to 3.0%, indicating robust economic activity. The labor market remained stable with Initial Jobless Claims slightly below forecasts and Continuing Claims steady.
On the downside, the housing market showed weakness, with Pending Home Sales dropping by 5.5%, reflecting challenges in that sector. Despite this, the overall data supports a bullish outlook for the dollar.
As we approach the next trading week, key support levels like 101.00-101.50 and last week’s highs will be critical areas to watch for potential long entries.
Bullish Yen Futures Trade IdeaOn the current chart, Yen futures are showing early signs of strength, supported by a weaker dollar environment and potential risk-off sentiment. After consolidating at a key support level, bullish momentum appears to be building, suggesting a possible continuation toward the next resistance zones.
CAT/USDT - A Whale’s Eye on the Next Big Move!We’re keeping a close watch on CAT/USDT, as it’s showing strong potential for a breakout. 🐱💸 With recent consolidation and volume accumulation, this low-priced gem could be on the brink of a substantial move upward.
Entry Point: Around the current level of 0.000460
Stop Loss: Tight risk management at 0.000420 to protect against volatility
Target: A potential run toward 0.000790 or beyond with a favorable risk/reward ratio!
Why This Setup?
Volume Spikes: Recent whale-sized buys have hinted at some heavy accumulation here. When whales start moving, it’s a strong signal that something big may be brewing.
Technical Setup: We’re looking at a nice support bounce off recent lows, setting up for a potentially explosive move.
Community Growth: Let’s capitalize on this moment! Follow the account to stay updated on similar opportunities and join a community that dives deep into finding these hidden gems.
Every like, comment, and follow counts! 🚀 This market is all about being at the right place at the right time – and with the right people. Let’s ride this wave together!
NZDUSD short on Thursday Nov 7, 2024A short on the NZDUSD currency pair based on interest rate differential between the NZD and the USD.
Trading is based almost entirely on technical indicators that use past price action to forecast future price action. However, the trader who ignores fundamental forces that move markets is at a disadvantage to traders who factor fundamental data into their trading decisions.
The fundamental data that have the most effect on exchange rates are interest rates, which affect the perceived value of currencies. While central bank rates are not volatile, the yields on government bonds, such as the U.S. 10-year treasury note, fluctuate on all time frames in global bond markets. Those yields reflect the expectation the market has as to where future central bank rates will go. Bond yields are often a leading indicator of interest rates and of exchange rates. In the forex market, the metric that applies to a currency pair is the interest rate differential, especially the delta, or change in the interest rate differential, on various time frames.
This trade shows a case where movement of the interest rate differential, expressed in basis points, in the positive direction was a leading indicator of movement of the NZDUSD currency pair in the same direction.
PETS: An Ugly Chart with a Potential Comeback StoryPetMed Express, Inc. ( NASDAQ:PETS ) has faced a challenging couple of years, with the stock price declining from a high of approximately $50 to penny-stock territory under $5. The company has struggled with customer acquisition due to intense competition. While challenges persist, there appears to be potential for a rebound.
On April 29th, Sandra Campos was named the new CEO. Sandra Campos is a Board Member, 3x CEO, 2x entrepreneur, and advisor in retail, CPG, and technology. Throughout her career as a consumer focused operator, she has built global lifestyle brands and has been instrumental in turnarounds, digital transformations, innovations, and international expansion (CNBC Profile).
Additionally, the company has tried to maintain shareholder equity, while minimizing its use of debt.
- Shares outstanding = 4.34% increase since 2021
- Debt = Issued $1.5 million in debt in 2024. No previous debt
Some other positive factors to consider
- Annual revenues are up from 2022 & 2023. Down compared to 2021.
- Price/Book = 0.91 (Trading at less than book value), sector median is 2.59, which is a -65% difference)
- Recent large insider buying
At the time of posting this idea, the stock is up approximately 34% on the day, based on the recent positive earnings report, with a surprise earnings beat of 300%.
FED RATE DAY , XAUUSD ANALYSIS SEMS 8-11-24🚨Fed Expected to Lower Rates, But Inflation Puts Limits on Future Cuts📌
The Federal Reserve is projected to reduce the federal funds rate by 0.25% on Thursday, bringing it to a range of 4.5%-4.75%. However, bond market signals suggest that the pace of future rate cuts may be slower than initially expected.
The yield on two-year Treasuries, a reliable indicator of Fed policy shifts, shows caution. This yield has historically anticipated Fed actions, such as rate hikes in 2021 and the easing measures started last September.
📝Gold Price Outlook Amid Fed Rate Cut📊
If the Fed opts for gradual rate cuts in the coming quarter, it could weaken the US dollar, which tends to boost gold as a non-yielding asset. A weaker dollar makes gold more attractive to investors.
Investors expect gold to rise following the rate cut, as lower rates reduce the opportunity cost of holding gold. However, with the anticipated rate cuts already priced into gold's current price, the short-term impact may be limited.
Expected Price range as per our panel analysis :
🔻Upper Range : $2730-$2760-$2790-$2820-$2850
🔺Lower Range: $2650-$2620-$2590-$2560-$2520
Range Breakout:$2620-2790 will Lead to Further Decline or Further Ascend.
Despite this, analysts are optimistic that gold could reach $3,000 per ounce by year-end.( $2790 All time high on 31-10-24)
📌Gold and Interest Rates 📝💰
Gold generally moves inversely to interest rates—lower rates typically push gold prices higher by making non-yielding assets like gold more appealing.
As the Fed is set to lower rates this week, many investors predict a rise in gold prices. But if these cuts are already priced in, the short-term impact could be minimal.
EURGBP long Thursday Nov 7, 2024A long on EURGBP based on interest rate differential between the Euro and the GBP.
Trading is based almost entirely on technical indicators that use past price action to forecast future price action. However, the trader who ignores fundamental forces that move markets is at a disadvantage to traders who factor fundamental data into their trading decisions.
The fundamental data that have the most effect on exchange rates are interest rates, which affect the perceived value of currencies. While central bank rates are not volatile, the yields on government bonds, such as the U.S. 10-year treasury note, fluctuate on all time frames in global bond markets. Those yields reflect the expectation the market has as to where future central bank rates will go. Bond yields are often a leading indicator of interest rates and of exchange rates. In the forex market, the metric that applies to a currency pair is the interest rate differential, especially the delta, or change in the interest rate differential, on various time frames.
This trade shows a case where movement of the interest rate differential, expressed in basis points, in the positive direction was a leading indicator of movement of the EURGBP currency pair in the same direction.
$GBINTR -B.o.E Cuts RatesECONOMICS:GBINTR
(November/2024)
source: Bank of England
-The Bank of England lowered its key interest rate by 25 bps to 4.75%, in line with expectations, following a hold in September and a quarter-point cut in August.
The U.S Fed ECONOMICS:USINTR is also expected to cut rates by 25bps today, following a larger 50bps reduction in September.
Traders are keen for signals on future policy, particularly after Trump’s re-election.
Bitcoin standard in progress..This idea is more of a message than an investment speculation. And a reset of my previous ideas with shitcoins reminding me of where I was.
We need to learn from the past and put it behind us, looking to the future because our actions affect our future, not our past. Much has changed since my first experience with cryptocurrencies (early 18). Yes, it usually starts with cryptocurrencies, rarely bitcoin only. And when bitcoin only, few can resist the lure of shitcoiners, the potential profit. In short, I don't think a bitcoin maxis can grow without proof-of-work, without cutting through the jungle of scammers. But if the individual in question is a thoughtful creature and occasionally examines the arguments for/against, why yes/no, and is not lazy to verify the arguments in question, to read something, they will come to the inevitable conclusion, that's my opinion. My opinion is that we are very lucky that bitcoin was created, we have the hope of freedom, versus the inevitable inflationary, monetary and tax bullying, surveillance by the state. We are fortunate that it came into existence as it did - naturally, anonymously. That is unrepeatable in this day and age. That alone is a bulletproof foundation and a guarantee of my peaceful sleep. I could list dozens more. But I won't prolong it.
Thanks for bitcoin , for the hope of a better future.
Always and forever bullish , there is no ceiling. Dips are discounts, that's all. Volatility is a feature, not a flaw. Welcome volatility , learn to work with it. It's a game for the long term. Forget fiat profits, only increase the stack of bitcoins owned. Use HW wallets for your savings! Once the bull market hits, it's time to reward yourself, enjoy life, send some of that bitcoin back out into the world for some fine goods, services. Bitcoin is money that makes sense to save in. Simple.
Satoshi thank you!
AUD/CAD Sell Strategy: Testing Resistance with Downside Targe
Trade Setup: AUD/CAD is currently selling at 0.9266, targeting 0.8939.
Key Resistance Level: The 0.9270 level acts as resistance, aligning with a significant Fibonacci retracement.
Recent High & Low:
High: Recent high around 0.9380.
Low: Current low near 0.9102.
Technical Signals:
Resistance at 0.9270 marks a potential reversal zone, reflecting selling pressure.
Bearish momentum is expected toward 0.8939, which is contingent on sustained downward movement.
Market Context: Recent highs and lows frame a broad trading range, with Fibonacci levels adding technical validity to sell-side positions near resistance
GBP/USD tests key 1.30 handle ahead of FOMCThe pound rallied following the Bank of England’s decision to cut interest rates earlier. Governor Bailey refrained from defining what “gradual” would mean for the pace of future cuts. The GBP/USD rally was aided by a sharp drop in the US dollar. The focus is now turning to the FOMC rate decision, which means the greenback could change course again.
The Bank of England lowered rates by 25 basis points to 4.75%, aligning with market expectations. The Monetary Policy Committee voted 8-1 in favor of the cut, as anticipated. However, the BoE maintains it can’t lower rates “too quickly or by too much,” opting instead for a more measured approach. The central bank sees a gradual easing as appropriate, keeping to its September guidance on rates.
The recent budget is expected to lift inflation slightly, adding around 0.5% to CPI at its peak according to the BoE —just above the forecast from the Office for Budget Responsibility (OBR). Like the OBR, the BoE isn’t expecting significant economic growth from this budget. As it stands, the Bank intends to continue cutting rates gradually over the coming months. This should keep the GBP under pressure.
Will the GBP/USD now hold below the key 1.30 handle or break above it? What it does here will determine the near-term direction. All eyes are on the Fed Chair Powell.
The Fed could shed light on the central bank’s next steps. Markets are fully expecting a 25-basis-point reduction. Chair Powell may steer clear of any commitment to a rapid easing cycle, especially if he believes Trump’s policies could drive inflation. Any indication of hawkishness could boost bond yields further, which could give the dollar another boost. Even though rate expectations have shifted, significant changes in market trends are unlikely in the immediate term. However, over the coming quarters, rising US yields could strengthen the dollar, adding pressure on other economies while supporting the US market’s broader trend.
By Fawad Razaqzada, market analyst with FOREX.com