Gann
USDJPY: RSI Above 50 plus 3:1 Gann fan being crossedAfter a downward movement, making the 139.574 low, we got strong bullish candles and weak bearish candles.
Today price crossed 3:1 fan line, crossing above 143.643, the last support since early August.
Today's candle close above an inverted hammer creating a bullish engulfing pattern.
RSI is following the trend and breaking above 50-level.
Zen Technologies LtdZen Technologies Ltd is a leader in defense training and counter-drone solutions, actively contributing to the Indian defense sector. Below are the key financials and business highlights as of 25 September:
### Key Financial Data:
- **Current Price**: ₹1,698
- **Market Cap**: ₹15,342 Cr
- **Stock P/E**: 99.9
- **Book Value**: ₹53.4
- **Dividend Yield**: 0.06%
- **ROCE**: 46.1%
- **ROE**: 33.1%
- **Face Value**: ₹1.00
- **High/Low (52 Weeks)**: ₹1,970 / ₹650
- **Promoter Holding**: 51.3%
- **Public Holding**: 34.3%
- **Debt**: Almost debt-free with 153 debtor days.
- **Piotroski Score**: 6.00 (indicates moderate financial health).
- **Quarterly Sales Growth**: 63.1% YoY
- **Return on Equity (ROE)**: 33.1%
### Business Highlights:
- **Product Portfolio**:
1. **Training Simulation Equipment**: Leading defense training provider.
2. **Counter-Drone Solutions**: Anti-drone systems with a 4-km detection and deactivation radius.
3. **Annual Maintenance Contracts**: Provides recurring revenue with high-profit margins.
### Growth Data:
- **Sales Growth (5 years)**: 36.7%
- **Sales Growth (3 years)**: 100%
- **Return Over 6 months**: 77.5%
### Pros:
- Debt-free company.
- Strong profit growth (56.9% CAGR over 5 years).
- Excellent sales growth over the past decade.
### Cons:
- High valuation with the stock trading at 31.8 times its book value.
- High debtors of 153 days.
- Promoter holding decreased by 3.81% last quarter.
### Peer Comparison (Aerospace & Defense Sector):
1. **Cochin Shipyard**: ₹1,745.10
2. **Garden Reach Shipbuilders**: ₹1,718.85
3. **Taneja Aerospace**: ₹510.30
Zen Technologies is poised for growth in defense-related industries, with a diversified portfolio and promising financial metrics. However, the high P/E ratio and valuation multiples suggest that the stock is expensive compared to its peers.
VELO at Major Turning Point?### Importance of the 145-Day Cycle:
1. **Intermediate Cycle**: The 145-day cycle is often viewed as an intermediate-term cycle. It can help traders identify potential turning points within a larger trend¹.
2. **Market Timing**: Gann believed that markets move in predictable patterns and cycles. The 145-day cycle can be used to time entries and exits more effectively by anticipating when these turning points might occur¹.
3. **Repetition and Symmetry**: Gann's theory emphasizes the repetition and symmetry of market movements. The 145-day cycle fits into this framework, providing another layer of analysis for traders looking to understand market behavior¹.
### Application in Trading:
- **Chart Analysis**: Traders often mark the 145-day intervals on their charts to look for patterns or significant price movements that align with these dates.
- **Confirmation with Other Indicators**: The 145-day cycle is usually used in conjunction with other Gann tools, such as Gann angles and the Gann Fan, to confirm potential support and resistance levels².
- **Historical Data**: Analyzing historical data to see how the 145-day cycle has influenced past price movements can provide insights into future market behavior².
### Example:
If a stock has shown significant price movements or reversals around the 145-day mark in the past, traders might anticipate similar behavior in the future. This can help in planning trades and managing risk.
### Conclusion:
While the 145-day cycle is not as universally recognized as some of Gann's other cycles, it can still be a valuable tool for traders who incorporate Gann analysis into their strategies. Its importance lies in its ability to provide additional insights into market timing and potential turning points.
HeartCore’s Go IPO Client, SBC Medical Group, Begins Trading Company anticipates Q3 2024 revenue to be between $19 million-$23 million and net profit to be between $4 million-$8 million
NEW YORK and TOKYO, September 25, 2024- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced its Go IPO client, SBC Medical Group Holdings Inc. (“SBC”), has successfully commenced trading under the symbol “SBC” on the Nasdaq Global Market exchange. HeartCore was initially compensated through an aggregate $900,000 in initial fees and warrants to acquire 2.7% of SBC’s common stock, on a fully diluted basis, which equate to $17 million; in total, HeartCore generated $17.9 million in revenue from the SBC deal, with $17 million to be recognized in Q3 2024.
As previously mentioned, of the $17.9 million, HeartCore sold $9 million worth of warrants to a Japanese financial institution during Q1 2024. The Company generated $5.64 million in net sales after paying a referral fee of $3.36 million to So Management Inc. for sourcing the lead. With SBC now publicly traded, HeartCore holds in total $8 million worth of SBC stock.
Pursuant to the initial agreement, the Company assisted SBC throughout the listing process, including the audit and legal firm hiring process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an initial public offering, providing general support services, assisting in the preparation of the F-1 filing, and more.
Additionally, HeartCore announced the following guidance range for Q3 2024:
Revenue: $19 million-$23 million
Net Profit: $4 million-$8 million
“The SBC Medical Group deal is our biggest Go IPO deal to date, amassing a gross total of $17.9 million in total top line revenue for HeartCore,” said CEO Sumitaka Kanno Yamamoto. “Our team played a vital role in fostering the go public process for our treasured client, and we are very much looking forward to the progress and continued success SBC will create as a publicly traded company on the Nasdaq.
“Furthermore, we are very encouraged by our forecasted financials for Q3 2024, as HeartCore is slated to have its strongest quarter in corporate history. Relative to last year’s revenue for the first nine-months ended September 30, 2023, of $18.5 million, we anticipate generating between $28.1 million and $32.1 million in revenue for the nine months ended September 30, 2024, with a significant profit. We expect this year will be HeartCore’s strongest by far, and we continue to stay laser focused on providing value for our Go IPO clients, in addition to our enterprise software clients.”
NASDAQ:SBC
Symmetrical Triangle Alert! $OM Bullish Setup All eyes on $OM! 🕉️👀
The chart shows a giant symmetrical triangle forming, and it’s looking like a critical moment. If NASDAQ:OM breaks above $1.58, it could trigger a parabolic run as momentum builds. With the #MANTRA mainnet launch coming in October and strong partnerships in place, this setup is looking super bullish!🔥
This could be the breakout we’ve been waiting for!
#Uptober #NFA #RWA
A2Z and Nayax Capital Sign Framework Agreements Tel-Aviv, ISRAEL, September 25, 2024 – A2Z Cust2Mate Solutions Corp. ("A2Z") (NASDAQ:AZ)(FRA - WKN:A3CSQ), a global leader in innovative technology solutions, today announced it has signed global framework agreements with Nayax Capital, (“Nayax Capital) , whereby Nayax Capital will enable financing for the sale or lease of Cust2Mate smart carts enabled with Nayax’s complete solution.
This announcement is further to the company’s press release on September 10, 2024 announcing the formation of a joint venture with Nayax Ltd. to mutually promote the sales of A2Z Cust2Mate’s smart cart solution integrated with Nayax’s payment solution for on-cart payments. The joint venture announcement can be read here.
Under the terms of the framework agreements, Nayax Capital will enable retailers to pay or lease the Cust2Mate smart carts that are sold as part of a comprehensive solution, which includes Nayax’s payment, management and loyalty solution, in monthly installments. The framework agreements cover the A2Z Cust2Mate’s smart carts, charging solutions, and IT infrastructure upgrades, as needed, for customers around the world including Europe, North America and Latin America. Any financing extended is subject to individual terms and conditions and approval by Nayax Capital and is non-recourse to A2Z.
Gadi Graus, CEO of A2Z, stated, “We have teamed up with Nayax Capital to help merchants grow by making it easier for retailers around the globe to adopt our smart cart solution. With a readily available financing option, approved retailers can move quickly to implement our smart carts and begin realizing tangible benefits to their operations and improve the shopping experience for their customers.”
MANTRA Chain Set to Revolutionize RWA TokenizationMANTRA NASDAQ:OM announced it will launch its Layer 1 blockchain for tokenized RWA's next month🔥
The mainnet will enhance the tokenization of real-world assets, driving onchain finance and boosting the utility of the NASDAQ:OM token, which looks poised for a bullish move🤞.
MANTRA Chain Mainnet includes key features as👇:
> Verifiable network security and stability
> A platform to deploy institutional capital onchain
> A foundation for a globally accessible asset class
#DYOR #MANTRA #OM #RWA
This is the Dominance of #ALTCoins!!!I've done the analysis and it looks like we're very close to a major breakout for these altcoins, Insha'Allah, likely before the end of the year!
Additionally, #Bitcoin dominance has reached its peak levels and could correct at any moment, potentially dropping to around 50 or higher:
While I can't pinpoint exactly when the rally will start, waiting for the absolute bottom of these altcoins for a final entry could be risky. For those hesitant to enter, consider using the DCA (Dollar-Cost Averaging) strategy to gradually invest in your desired coins.
Two months ago, I mentioned in X platform (Twitter) that we were nearing the bottom for altcoins and entering prime buying zones. However, predicting the exact bottom is always difficult. At the end of the day, it's your portfolio and your decision.
Wishing everyone success and the achievement of their financial goals!
Good luck, Insha'Allah 😇🥰
September 23 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
With the 12-hour chart MACD dead cross pressure in progress,
I entered Bitcoin into the Nasdaq 1+4 rebound section.
*When the blue finger moves,
Bidirectional neutral
Long->Short switching strategy
1. 62,822 dollars long position entry section / stop loss price when the green support line is broken
2. 64,330 dollars short position switching / stop loss price when the orange resistance line is broken
Final short position maintenance or long position switching depending on the situation after tomorrow.
The sections 1 and 2 at the top
are extreme sideways or rising waves.
If a strong rise occurs when the 1st touch->2nd connection occurs,
it can rise to the top section along the purple parallel line.
From the bottom, it is the next pattern of 4+6 where this rebound came from. I think it would be good to think of it as a 6+12 section.
Depending on whether there is a vertical decline, it can fall from the bottom to the 3rd -> 4th section.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope you operate safely with principle trading and stop loss prices.
Thank you.
TSLA ( Tesla ) BUY TF H1 TP = 248.08 Good luck!On the H1 chart the trend started on Aug. 8 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 248.08
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
EURUSD: Strong Bearish Bias! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.11623
Wish you good luck in trading to you all!