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$TSLA Might be About to Make a Big MoveTSLA has been compressing into a multi-year squeeze on the charts. Whether it's the global economy going into a rough patch, the uncertainty of the 2024 US presidential election, or multiple wars happening in the East there seem to be a lot of potential market forces possibly pushing high multiple stocks down for the near future. But Tesla as a company is on track for 50% YoY growth, completely dominating the global EV market while traditional OEMs pull back their EV efforts, Chinese OEMs struggle with margins, and other pure EV companies struggle to turn a profit at all. Personally, I think TSLA will have a rough winter as the market hedges their bets on a market level, after which it will be primed for a huge upward breakthrough once the dust settles on the other side.
NASDAQ:TSLA
by rhaphazard
NOT – analysing the most hyped altcoin of the week | 29.05Listed on the WhiteBIT exchange on May 28 , Notcoin's (NOT) marketcap surged to over $927 million. One side of the trend expects the coin to hit the $1 mark, and the other is still uncertain about this volatile cryptocurrency. Is it the right time to buy this coin or wait for corrections? Let’s find out. Since there is not much data to analyze in the chart, the current price action follows an uptrend upward channel pattern. On launch, the NOT price surged to $0.037 and corrected to the current price of $0.009 with a weekly surge of 68.5%. Looking at the real-time use case of Notcoin, being a rewarding asset to players of Telegram Tap to earn game, NOT will gear up from the short correction and may rally to a high near $0.2. Going beyond that will need a sheer amount of social attention and a spike in several game players on the Telegram app. In the present scene, investors should watch the lower support zones $0.004800 and $0.005100 and the higher resistance of $0.1 level to decide to enter.
Long
by paul_endeo
OGI - a MJ penny stock upgraded LONGOGI got an upgrade from hold to buy and with it a target of 5.25 or more than double current valuation. The ballot iniative in Florida and legalization in Gremany are recent news. VP Harris seeks to make legalization an lection issue this fall while pushing for a DEA reboot on the whole cleassification of MJ. Prospects for growth seem more clear for OGI . I will take a long trade here with the National MJ Day upcoming this weekend. I will target the horizontal levels of recent pivots as drawn in black on the 60 minute chart.
NASDAQ:OGILong
by AwesomeAvani
MEN LIE, WOMAN LIE, BUT CHARTS DON'T LIE. Vertical lines represent bearish and bullish sessions. The next reads to be a Bullish Session. The price is questionable. The 3-month space is just an idea of what might happen. Bubbles represent price zones. I will not play Wizard and predict where the price will end up. I'm only being honest. Price action, sessions, and pi cycles read how and where. Prices are also thought ranges. Hanging Man made the dip. Bullish Engulfing has not been completed yet. It's still in process. In my opinion, it will be a bullish engulfing because two bottom body candles are even and the pattern has a BE pattern type but not confirmed yet. Pi Cycles meaning: to have a crash, red MA must first cross the green MA which has not. Neither will the price fall below the red MA. I've applied a white MA for security, the RED MA must not fall below it. Please see PI CYCLE's previous idea. Follow the red and green MA. When the Red MA crossed the green MA on cycles 1 and 2, then came the dip. 1 and 2 blue trend is part of the halving pattern. This idea meets the criteria for STOCH RSI. When using STOCH RSI on a 1WK volume chart, it shows the bull momentum making the CROSS. BULLS have made null and void the HM. Red and white MA's work like a magnet with volume candlesticks.
COINBASE:BTCUSDLong
by The_ForexX_Mindset
15
Myro breakout indicators - solid long opportunityIf we're looking at the Solana meme coin space, Myro tends to move a bit behind WIF. Currently Myro has been in a slow but steady recovery, establishing higher levels of support. If we look at the charts and history, we're in the almost exact formation WIF was on January 8th price point wise and chart structure - also similar to where Myro was before it's parabolic move, but we now have much stronger support levels and a long period of consolidation that is an indicator we should make an ATH soon. Even with the drops and consolidation we've seen, it's still moving along the channel and the lows continue to rise with the support channel, which is a great sign. I'd expect a small dip in the next day, possibly to .068 (or it could be very slight down to .072), and then it seems very likely as BTC and SOL cool off a bit, we'll see traders moving some of that money back to Alt coins which should give a nice chunk of liquidity for Myro to start it's next run.
by mgreyd
20
ALTCOINS that are STRONG Right Now🚀Yesterday we took a look at altcoins that are not doing great - today we'll list a few alts tat are performing well and still have further upside potential. 👍 TRBUSDT 👍SOLUSDT If Solana can CLOSE above $150, it is highly likely that the Elliot Wave theory is still in place: 👍 RUNEUSDT 👍 BNBUSDT BNB is looking strong, it's likely we'll see a new ATH soon: 👍 FRONTUSDT _____________ BINANCE:DOGEUSDT BINANCE:RUNEUSDT BINANCE:TRBUSDT BINANCE:SOLUSDT BINANCE:BNBUSDT BINANCE:FRONTUSDT.P
Long
by CryptoCheck-
2
LCID has another falling wedge breakout LONGLCID is making its move while Fisker got halted and will be delisted. LCID has a rich uncle, a Saudi billionaire running the national wealth fund there. Fisker lost its suitor in Nissan and tried to raise cash by selling cars under cost. I would be afraid to buy a car from a company about to head into bankruptcy. Anyway, time to buy LCID for now, it has a vaccine against the contagion. I happen to be very fond of falling wedges especially when they repeat. My skills in Elliott Wave analysis are nil but this is one to analysis. In the meanwhile, it's a buy ( no I am not a fan of Jim Cramer.)
NASDAQ:LCIDLong
by AwesomeAvani
1
Bull PutBit of an intro below to my personal trading strategies: (future idea's will be much shorter in text and to the point).... Most if not all of my trades are based on finding the best Option Combinations for Stocks , Indexes or ETF's which I believe follow a particular trading range. This 'expected' trend is based less on technical indicators and more on the underlying fundamentals of the equities, market psychology and simple supply and demand. To date my preferences for investing in equities goes mainly to the energy market (mainly gas), gold, silver and commodities (uranium, copper and rare earth metals) and last but not least semiconductors while the AI hype lasts. It doesn't matter if the trend is bullish, bearish or trending sideways, there are always option combinations that can be applied, such as Strangles, Bull or Bear Put/Call spreads, Butterflies, Iron condors, Covered Calls etc. etc. The interesting aspects of trading in options is that the Risk/Reward ratio can be high. For Put or Call spreads for example, one can easily double/triple the input, depending on the option combination. For butterflies the ratio can even go up to 1:10 or higher (i.e. input $1000 may end up at $10,000 if the butterfly combination comes true). On the other hand, one could easily lose the full invested amount if the underlying equity does not follow your expected trend, but in most cases you will always know the maximum amount you can lose for these option strategies and as such base your trading strategy on these risk/reward levels. This XME Bull Put is a simple spread to profit while from the S&P Metals & mining ETF if this remains bullish.
AMEX:XMELong
by delden1
3
Reach for the clouds? When it comes to running shoes Hoka, ON, Adidas, and Nike always come to mind. However, with looming growth pains on trying to maintain control over the struggling footwear and athletic apparel industry. NYSE:ONON seems to be a strong outlier in an extremely competitive market. This is my strategy: Using Bollinger Bands and Fibonacci Retracement, we see a slight reduction in trade volume and volatility as the price drops below the SMA and nears the lower band. The price is currently $37.31. We can expect it to reach a price target of $38.43 (test strategy here) before retracement or reversal, as the shares may be near overbought status. This will give us $1.12 profit per share. Buy between: $37.27 to $37.91 Hold for the price to cross $38.29 for uptrend confirmation.
NYSE:ONON
by eakosah
ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully. A few other altcoins that call for concern include the following: Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account. You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief). Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following: ______________________________
Short
by CryptoCheck-
1
TLRY and its peers jump on high federal news catalyst LONGTLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the reclassification of marijuana. No much to the analysis = these will have momentum until it fades. I suspect good continuation plays here until mid -day on Friday when profit taking and sell-offs will dominate. Short sellers will take positions at the tops as well. In the meanwhile long trades are the low lying fruit.. The risk is a bit lessens by the surge from the news. Others include SNDL, OGI , ACB and the ETF MJ for those who like to spread risk across a basket of stocks. For the time being these stocks will be truly buzzed but do not be late. Stay home if you are.
NASDAQ:TLRYLong
by AwesomeAvani
12
(BRK.B) berkshire hathaway_newThe orange line is a same price % scale of BTC overlayed on top of BRK.B. The long term success of BRK.B is harder done than said. The volatility of Bitcoin is hellish compared to so many years of BRK.B succeeding including stock splits to keep the price down. If marginal shares were available to all people where a person could invest any amount of money they wished into the stock market perhaps more people would have become interested in stock trading before cryptocurrency succeeded. Cryptocurrency affords anyone to invest for any amount of money on any trade of cryptocurrency regardless of the price per share cost, unlike stock market. I know that marginal shares became a thing on Robinhood a couple years back. I am unaware of the progressive push by Robinhood and how their work influences other stock trading companies to improve their business model to appeal to a younger audience. Ironically, there is no way to put "BRK.B" into a tag. There is an understatement of percentage earned here as seen on the BRK.B chart because it doesn't account for all the stock splits over the years. One would have to create a modified chart to have a way to compare stocks that split versus cryptocurrency that does not, kind of like the, 'adjust for inflation' thing people always say and do.
NYSE:BRK.B
by CryptocurrencyBlot
Ashapura Minechem Ltd: Poised for Growth?Ashapura Minechem Ltd has shown a remarkable progression in its quarterly sales figures, escalating from INR 350 crores in December 202 to an impressive INR 713 crores in December 2023. This consistent upward trajectory is indicative of robust sales growth, a positive sign for potential investors. Despite facing challenges, as evidenced by the volatile operating profit margins (OPM) which even dipped into the negative territory in December 2021, the company has managed to rebound effectively. The resilience is portrayed through the OPM climbing back to 8% by December 2023. When we scrutinize the Profit & Loss statements over the years, it's apparent that sales have more than doubled from March 2021 to the trailing twelve months (TTM) ending in March 2024. This phenomenal growth is underpinned by a substantial increase in net profit, escalating from INR 87 crores in March 2021 to INR 254 crores in TTM March 2024. Furthermore, the company has displayed commendable liquidity management, with its net cash flow from operating activities shifting from negative to a positive INR 47 crores in March 2023. Also, the increase in reserves from INR -364 crores in March 2012 to a robust INR 785 crores by September 2023 signals strengthened internal financial health. The cash conversion cycle and the debt management need to be monitored closely. Nonetheless, a decline in debtor days from March 2021 to March 2023 and a steady ROCE % around 16% by March 2023 affirm efficient operations and profitability on capital employed. Moreover, the shareholding pattern brings confidence, as increasing promoter stakes signal strong conviction in the company’s future prospects, escalating marginally to 45.39% by March 2024. Taking our analysis to the technical realm, the current market price of INR 341 near the resistance line of the six-month linear regression channel might suggest a potential price consolidation or retracement. However, here's why a long position holds promise: Sales Growth: The company’s sales figures are showing strong momentum which can potentially translate into increased earnings in the coming quarters. Profitability Increase: The Net Profit and EPS are exhibiting growth, which could lead to upward price movements as the market reassesses the company's valuation. Robust Reserves: The steady increase in reserves is an indicator of the firm's improving net worth and financial robustness. Promoter's Faith: The incremental increase in promoters' shareholding suggests a bullish sentiment from those with intimate knowledge of the company. Given this information, if the price breaks through the resistance, it could be an indicator of strength, backing up the fundamental analysis and providing a solid entry point for a long position. For investors considering the long game, the conjunction of promising fundamentals and positive technical setups could suggest that Ashapura Minechem Ltd is gearing up for a potent market move. However, this must be balanced with diligence and an understanding of risk, especially given the volatility in operating margins and the reliance on continuous market momentum. In conclusion , Ashapura Minechem Ltd's ascendancy in financial metrics coupled with a reassuring increase in promoter holding and robust sales growth creates a compelling narrative for investors to consider a long position. The technical analysis, while currently at resistance, will serve as a crucial determinant in timing market entry. The key is to watch for a breakout which would signal undoubted strength and propel the stock into a new bullish phase. Disclaimer: The above analysis is based on historical and current financial data. I recommend investors perform their due diligence and consult a financial advisor before making any investment decisions.
NSE:ASHAPURMIN
by stocktechbot