Huge Flag Pattern Breakout Seen in Varun Beverages | Fly in Sky ABOUT COMPANY:-
Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks and packaged water sold under trademarks owned by PepsiCo.
PepsiCo brands produced and sold by the company include Pepsi, Seven-up, Mirinda Orange, Mountain Dew, Tropicana Juices and many more.
Market Cap
₹ 1,10,347 Cr.
Current Price
₹ 849
High / Low
₹ 874 / 454
Stock P/E
58.7
Book Value
₹ 50.0
Dividend Yield
0.15 %
ROCE
27.8 %
ROE
33.5 %
Face Value
₹ 5.00
Debt
₹ 3,726 Cr.
EPS
₹ 14.5
PEG Ratio
1.19
Promoter holding
63.6 %
Intrinsic Value
₹ 294
Pledged percentage
0.04 %
EVEBITDA
33.6
PROS
Company has delivered good profit growth of 49.2% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 17.6%
Company's median sales growth is 18.3% of last 10 years
CONS
Stock is trading at 17.0 times its book value
Company might be capitalizing the interest cost
So, Guy's i have written most of the things on chart and here, but i want to tell you a secret this is good fundamentally company to invest and forget for long term. But if you are going just for trading then please follow given stop loss in it.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Investingopportunity
Sandur Looks good for investment for Long term CMP 772Sandur Looks good for investment for Long term CMP 772,
Strong BS and Fundaments along with integrity and positive management approach.
Share price may test 1700 levels, after that may reach to 2300++ in longer run.
Keep eye on it and research from your side as well before investing.
BIDU, Inversed Head and Shoulders patternMy eyes are glued to Baidu stock, ticker BIDU, as it is forming a perfect trade/invest opportunity for me. Pattern I love the most, Inverse Head and Shoulders on the Weekly time frame.
Things to consider:
1. My first entry point would be right above the 200MA on the Weekly time frame, though the pattern would not be finished on that price level sitting at $146-147, I would like to get some action once the stock breaks this level.
2. My stop loss for this entry would be a bit tight, I don't want to let the action plays around. I want a straight up move and clean progress to the higher price levels. So, the SL will be sitting at $137 level.
3. My second entry will be placed right at the break of the neckline of the Inverse Head and Shoulders pattern. Price level to watch and consider as potential adding to a position would be around $154 to $161 price range. I know, it is a bit large price gap but I am willing to add to positions on those levels.
4. My stop loss for the second entry will be sitting at $147, just above the 200MA level.
5. I will be targeting the $255 level, as that price level would be the same length as the length from Head to Neckline is.
Of course, as always, please do your due diligence. I am aware of the risks of trading and investing, also, I am investing my own cash. Please take care of your money!
Investing In Artificial Intelligence (AI) : Beginner’s GuideThe field of artificial intelligence (AI) has emerged as a highly attractive investment option, captivating the attention of investors worldwide. With its capacity to reshape industries and drive innovation, AI has gained prominence as a transformative technology. By simulating human intelligence and performing intricate tasks, AI is revolutionizing sectors ranging from transportation to finance and beyond. Given the rapid growth of the AI market, which is projected to reach revenues of up to $900 billion by 2026, having a comprehensive understanding of how to invest in this dynamic field has become crucial for investors.
In this comprehensive guide tailored for beginners, we will delve into the fundamentals of AI, exploring its underlying concepts, methodologies, and applications across various industries. By gaining insight into the inner workings of AI, investors can grasp the potential impact it can have on different sectors, enabling them to identify promising investment opportunities.
Moreover, we will examine diverse investment strategies that investors can consider when venturing into the AI market. These strategies will encompass a range of approaches, from investing in established AI companies and technology giants, to exploring opportunities in startups and early-stage ventures that are driving innovation in the AI space. Additionally, we will explore investment vehicles such as AI-focused exchange-traded funds (ETFs) and mutual funds, providing investors with a broader exposure to the AI market.
Throughout this guide, we will address the key factors to consider when investing in AI, including the evaluation of AI technologies, understanding regulatory and ethical implications, and staying updated with the latest industry trends. By equipping investors with the necessary knowledge and insights, this guide aims to empower them to make informed investment decisions in the dynamic and evolving landscape of AI.
As AI continues to redefine industries and shape the future, investing in this transformative technology presents an exciting opportunity for investors seeking long-term growth and exposure to cutting-edge innovation. Through this beginner's guide, we invite investors to embark on a journey into the world of AI investment, unlocking the potential for both financial returns and contributions to the advancement of society as a whole.
Artificial Intelligence (AI) Explained
Artificial Intelligence (AI) has emerged as a groundbreaking technology that aims to replicate human intelligence in computers and machines, surpassing human capabilities in terms of speed and accuracy. Leading companies like Microsoft (MSFT) and Google (GOOGL) utilize AI to develop systems capable of problem-solving, answering inquiries, and executing tasks that were traditionally performed by humans.
The advancement of AI systems has expanded their applications across diverse industries and sectors. One notable transformation is occurring in the transportation industry, where electric and autonomous vehicles are revolutionizing travel and poised to contribute trillions of dollars to the global economy. In the banking sector, AI is employed to enhance decision-making processes in high-speed trading, automate back-office functions such as risk management, and even introduce humanoid robots in branches to reduce costs. These examples only scratch the surface of the extensive range of AI applications.
Analysts at International Data Corp. (IDC), a renowned market intelligence provider, project that the AI market will generate global revenues of up to $900 billion by 2026. This estimate reflects a significant compound annual growth rate of 18.6 percent from 2022 to 2026, underscoring the exponential growth potential of AI.
What was once considered a luxury has now become an essential component of modern businesses. The global pandemic has accelerated the adoption of AI, making it pervasive across all aspects of business operations. From healthcare and manufacturing to finance and customer service, AI has demonstrated its value in enhancing efficiency, optimizing processes, and driving innovation.
Investing in AI presents an opportunity to capitalize on its transformative potential. However, it is essential for investors to approach AI investments with a thorough understanding of the technology, its applications, and the companies leading the way. As AI continues to shape industries and redefine the future, investors who navigate this dynamic landscape stand to benefit from its long-term growth and the potential for significant returns.
How To Invest In Artificial Intelligence
As a retail investor, you may already have exposure to artificial intelligence (AI) through various prominent U.S. public companies that utilize AI or invest in this technology. However, if you're specifically interested in investing in AI, there are several approaches you can consider:
Individual Stocks: Conduct thorough research and invest directly in companies that specialize in AI development, application, or integration. Look for companies with a strong focus on AI, a robust research and development program, and a history of innovation in the field.
Exchange-Traded Funds (ETFs): Explore AI-focused ETFs that concentrate on companies involved in AI technologies. These funds offer diversification by investing in a portfolio of AI-related stocks, providing exposure to a broad range of companies in the AI sector.
Index Funds: Invest in broad market index funds that include leading companies at the forefront of AI development. These funds track major market indices like the S&P 500, which often include prominent players in the AI industry.
Additionally, Contract for Difference (CFD) trading is another option for investing in AI. CFDs allow you to speculate on the price movements of AI-related assets without actually owning the underlying assets. By taking long or short positions, you can potentially profit from both upward and downward price movements in the AI sector. However, it's important to note that CFD trading carries a higher level of risk and requires a good understanding of market dynamics.
Top AI Stocks To Consider:
Microsoft (MSFT)
As of May 2023, Microsoft, the renowned developer of the Windows operating system, holds the position of the largest Artificial Intelligence (AI) company. In recent times, Microsoft has made significant strides in the field of AI, unveiling a range of new features and initiatives across its product line.
One notable development is the integration of AI-powered enhancements into Edge, Microsoft's web browser. These enhancements leverage AI technology to provide users with improved browsing experiences, including enhanced performance, personalized recommendations, and advanced security features.
Furthermore, Microsoft has incorporated AI capabilities into Bing, its search engine. The integration of AI allows Bing to deliver more accurate and relevant search results, enhancing the overall search experience for users.
Highlighting its commitment to AI, Microsoft announced a substantial investment in OpenAI, the creator of ChatGPT, a widely used language model. This multiyear and multibillion-dollar partnership have resulted in the deployment of OpenAI models across Microsoft's product range, including the Azure OpenAI Service. Additionally, Microsoft's Azure cloud platform serves as the exclusive provider for OpenAI's cloud-based services.
By investing in OpenAI and integrating AI capabilities into its products and services, Microsoft aims to harness the power of AI to deliver innovative solutions and enhance user experiences. This strategic focus on AI demonstrates Microsoft's recognition of the transformative potential of this technology and its dedication to remaining at the forefront of the AI industry.
Tesla (TSLA)
In the realm of electric vehicles (EVs), Tesla stands apart from technology giants like Microsoft and Alphabet by leveraging AI and robotics to drive innovation. The company has positioned itself as a leader in self-driving cars, an area heavily reliant on AI for tasks such as visual processing and strategic planning.
Tesla is actively pursuing the development of self-driving technology and has been working on AI inference chips that are specifically designed to run its full self-driving software (FSD). These chips enable efficient and powerful processing capabilities, enabling Tesla vehicles to make real-time decisions and navigate autonomously.
Beyond self-driving vehicles, Tesla has expanded its AI endeavors into the realm of humanoid robots. In October 2022, CEO Elon Musk unveiled "Optimus," a highly anticipated robot. Musk envisions a future where Tesla's robot business surpasses the value of its cars, indicating a broader ambition to extend beyond the automotive industry.
In addition to self-driving technology and robotics, Tesla is actively involved in various AI fields. This includes the development of Dojo chips and systems, which aim to enhance AI training and accelerate computational processes. Tesla also focuses on neural networks, autonomy algorithms, code foundations, and evaluation infrastructure to continuously improve and refine its AI capabilities.
By applying AI and robotics to the EV industry, Tesla is at the forefront of technological advancements and aims to shape the future of transportation. Its commitment to developing cutting-edge AI solutions demonstrates the company's dedication to pushing the boundaries of innovation and redefining the possibilities within the automotive industry.
IBM (IBM)
In May 2023, IBM, a computing giant with a long-standing history in the technology industry, made a significant announcement regarding its platform called Watsonx. This platform is designed to empower developers by providing them with a comprehensive set of tools for creating AI models.
Watsonx equips developers with machine learning tools, foundational models, hardware resources, and data storage capabilities, enabling them to build sophisticated AI applications. By offering a range of resources within a unified platform, IBM aims to streamline the AI development process and make it more accessible to developers.
In collaboration with Hugging Face, a prominent provider of open-source AI libraries, IBM has integrated the benefits of Hugging Face's libraries and extensive collection of open models and datasets into the Watsonx.ai studio. This collaboration allows developers to leverage Hugging Face's resources and tap into a vast array of pre-trained models and datasets, accelerating the development of AI solutions.
Beyond its AI offerings, IBM has been actively involved in AI integration research. The company's Global AI Adoption Index explores the impact of AI adoption on businesses and society as a whole. This research initiative aims to provide insights into the current state of AI adoption, identify trends, and understand the potential implications of AI on various industries and sectors.
IBM's commitment to advancing AI technology, as demonstrated by its Watsonx platform and research initiatives, highlights the company's ongoing efforts to drive innovation and facilitate the integration of AI into diverse domains. By empowering developers and exploring the broader implications of AI adoption, IBM continues to play a significant role in shaping the future of artificial intelligence.
Alphabet (GOOGL)
Alphabet, the parent company of Google, has been actively investing in the AI sector, demonstrating its commitment to advancing artificial intelligence technologies. In April, Alphabet's venture capital subsidiary, CapitalG, played a leading role in a $100 million funding round for AlphaSense, an AI startup. This investment not only highlights Alphabet's financial support for AI innovation but also strengthens its presence in the AI industry.
In addition to its investment activities, Google, as a part of Alphabet, has made substantial investments in other AI-related companies. For instance, Google has invested approximately $400 million in Anthropic, a competitor to ChatGPT, further expanding its involvement in the AI landscape. Furthermore, Google has acquired Alter, a startup specializing in AI avatars, which showcases its strategic focus on enhancing AI capabilities and exploring new applications for the technology.
Within its own product ecosystem, Google has introduced various generative AI tools that leverage the power of artificial intelligence. One notable example is Bard, Google's own counterpart to ChatGPT, which provides real-time access to information from the web. This demonstrates Google's efforts to develop AI models capable of generating dynamic and contextually relevant content.
Moreover, Google is incorporating AI functionality into its Workspace suite, starting with popular tools like Gmail and Google Docs. By integrating AI capabilities into these productivity tools, Google aims to enhance user experiences, improve efficiency, and enable new possibilities for collaboration and content generation.
Alphabet's investments in AI startups, acquisitions, and the development of generative AI tools highlight the company's dedication to harnessing the potential of artificial intelligence. Through these initiatives, Alphabet continues to shape the AI landscape and drive innovation in the field.
Amazon (AMZN)
Amazon, a prominent player in the AI field, has established itself as a leader by offering a comprehensive suite of AI and machine learning (ML) services through its cloud computing platform, Amazon Web Services (AWS). AWS provides a wide range of tools and services that empower developers and businesses to integrate AI and ML functionalities into their applications and workflows efficiently.
Notably, Amazon not only provides AI services to other businesses but also harnesses AI capabilities within its own operations. For instance, the company employs sophisticated AI algorithms in its online store to deliver personalized product recommendations to customers, creating a more tailored and engaging shopping experience.
One of Amazon's most recognizable AI applications is Alexa, the virtual assistant powering Echo devices. Powered by natural language processing and ML algorithms, Alexa can comprehend and respond to user commands, enabling users to interact with their devices using voice commands. This integration of AI technology has revolutionized the way people interact with their smart devices and has become a prominent feature in many households.
Amazon's commitment to AI is further evident through its ongoing investments in AI research and development. The company continually seeks to advance AI technologies, exploring new applications and improving existing capabilities. By embracing AI in various aspects of its business, Amazon aims to enhance customer experiences, drive innovation, and remain at the forefront of AI integration in the industry.
Oracle (ORCL)
Oracle (ORCL), a renowned provider of cloud computing solutions, has emerged as a leading player in the AI landscape by offering the Oracle Cloud Infrastructure. This robust cloud platform serves as the foundation for various workloads, including AI applications, empowering businesses to leverage the benefits of AI technology.
Recognizing the growing significance of AI, Oracle has taken steps to enhance its AI capabilities for enterprise customers. Notably, the company has expanded its collaboration with Nvidia, a prominent chipmaker specializing in AI hardware. This strategic partnership allows Oracle to harness the power of Nvidia's advanced AI-focused GPUs (Graphics Processing Units) and other hardware technologies.
By integrating Nvidia's hardware into its infrastructure, Oracle aims to deliver enhanced AI performance to its enterprise customers. This collaboration equips businesses with the ability to process vast datasets and execute complex AI algorithms more efficiently, leading to improved insights and outcomes. By leveraging Nvidia's powerful AI hardware, Oracle demonstrates its commitment to providing cutting-edge AI solutions that address the evolving needs of businesses in the era of digital transformation.
Through its collaboration with Nvidia and its focus on advancing AI capabilities, Oracle solidifies its position as a leading provider of AI-enabled cloud infrastructure and reinforces its commitment to empowering businesses with the tools and technologies needed to harness the potential of AI in their operations.
How To Select The AI Stocks To Invest In :
When selecting AI stocks to invest in, it's important to conduct thorough research and consider various factors. Here are some key considerations to help guide your decision-making process:
1) Company's fundamentals: Review the financial health and performance of the company. Analyze its financial statements, including the balance sheet, income statement, and cash flow statement. Look at key indicators such as the price-to-earnings (P/E) ratio, return on equity (ROE), and debt-to-equity (D/E) ratio to assess its profitability and financial stability.
2) Technical analysis: If you're a short-term trader, utilize technical analysis to study price patterns and trends. Use technical indicators and candlestick charts to identify entry and exit points based on historical price movements.
3) Analyst ratings: Consider the latest analyst ratings and commentary on specific stocks. Analyst opinions can provide valuable insights, but keep in mind that they are subjective and should be considered alongside other factors.
4) Latest company news: Stay updated on a company's news and developments. Look for announcements related to AI investments, acquisitions, R&D initiatives, and new product offerings. This information can indicate a company's growth potential and competitive positioning.
5) Competitive landscape: Assess the company's position within the AI industry and its competitive advantage. Consider its technology, market share, and ability to innovate. Evaluate how it compares to other players in the market.
6) Management team: Evaluate the leadership and management team of the company. Look for experienced executives who have a track record of success and a clear vision for the company's future.
7) Industry trends: Stay informed about the latest trends and advancements in the AI industry. Understand how AI is being adopted across different sectors and the potential impact it may have on the company you're considering.
8) Regulatory environment: Consider the regulatory landscape surrounding AI. Assess how regulations and policies may affect the company's operations and growth prospects.
9) Diversification: Manage risk by diversifying your investments across different AI stocks and sectors. This helps mitigate the impact of individual stock performance and provides exposure to a range of opportunities.
Conclusion:
Investing in AI presents unique opportunities for investors as this cutting-edge technology continues to transform industries and drive innovation. The potential for AI to revolutionize various sectors, enhance efficiency, and create new business models is immense. Whether through individual stock investments, AI-focused ETFs, index funds, or even CFD trading, investors can participate in the AI market and potentially benefit from its growth.
However, investing in AI requires careful consideration and research. It is important to understand the fundamentals of AI, including its applications and potential impact on industries. Analyzing company financials, such as balance sheets and income statements, can provide insights into the financial health and long-term potential of AI-focused companies.
Staying updated on industry trends, news, and developments is crucial. Monitoring AI-related investments, partnerships, research, and product advancements can help identify companies that are at the forefront of AI innovation.
Diversification is also key in AI investing. Spreading investments across different AI stocks, sectors, and geographies can help mitigate risk and capture opportunities in various segments of the AI market.
Lastly, it is important to remain informed and adaptable as AI technology continues to evolve. Regularly assessing and adjusting investment strategies based on market conditions and emerging trends is essential to capitalize on the transformative potential of AI.
By understanding the fundamentals, conducting thorough research, and staying informed, investors can position themselves to potentially benefit from the growth and impact of AI in the years to come.
CADCHF: Time to Grow!CADCHF has recently shown a positive response to a key horizontal support level 0.6730. On the 1-hour timeframe, the price has formed an ascending triangle pattern, and the neckline has been successfully violated. This breakout suggests a potential bullish move ahead. 📈💥
Based on this analysis, I anticipate CADCHF to continue its upward trajectory. With a target of 0.6780, there is room for potential gains. Now might be the perfect time to consider capitalizing on this opportunity. 🎯💰
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Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈
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💰 Wishing you profitable trades and successful investments! 💰
AMAT possible BUY opportunityAfter successful GOOG and CRM buy, my eyes are on AMAT stock- Applied Materials INC. Company operating in Technology sector. Stock price is currently consolidating in a $110.16 to $125.65 price range, forming a valid price Box. Box in price stock has become well known from Nicholas Darvas epic book called "How I made $2.000.000 in the stock market".
Things to consider:
1. This price range is good and the main reason for it is that the price is currently sitting above 200SMA on Daily level, and on Weekly as well.
2. Price is currently trying to break above 50SMA level on Daily, sitting at $116.52. If price manages to break the 50SMA level, I am consider buying couple of shares just to be in the game.
3. The best buy situation for me personally would be the break above price level sitting at $125.6 level and that will be my safe buy zone.
4. Of course, nothing is certain in markets, especially now, so my Stop Loss level will be sitting at $115.8 which is if you look at the chart now just below the 50SMA line on the Daily levels.
5. $125.6 price level is at the moment acting as big resistance level for the price, this is why I will consider the break above that level as safe buy zone.
6. If my order gets triggered I will be looking at $145.36 level as potential add to position/close with profit area. Depending on what the market does, my action will be following the overall market.
Just for everyone's thoughts, this is not financial advice and I am not a financial advisor, please do your Due Diligence before investing your hard earned cash.
CRM - Salesforce potential buy entryWhen you take a glance at the CRM chart on the Weekly time frame, you can see that the stock made it's important move above the 200SMA line, which is considered as a good bullish sign for any stock to start it's rally up.
Things to consider when looking at CRM chart:
1. On Weekly time frame, price confirmed it's last known support levels sitting at $191.5 and $195 price levels.
2. If todays CPI data are good, potential buyers may enter the market and all stocks could see a potential upside buy momentum.
3. According to todays inflation news, my entry will be partial, I will not enter the full position since we have a resistance zone just above the current price level, sitting at $203.5 to $206 price range.
4. If the above mentioned resistance line gets broken, I will surely be adding to my position.
5. I will not let the price of stock move a lot, my stop loss level will be set in place at price right below the box which is the last support line. Price I am looking for potential stop loss is set to $108.5. On Weekly time frame, that is just below the 200SMA line. On Daily, it is just under 50SMA line. In my opinion, those are good levels to exit the position if the price has a significant drop.
6. Ideal Take Profit price is set to $275.5 level, which is a good resistance zone. That doesn't mean I will held or close the position, this is just my long term price goal for the stock. If market gives me a clear signal, I will either exit the position or add to it, depending on the signal given.
Of course, this is not a financial advice. This is just my personal opinion. Please do your due diligence before investing. NYSE:CRM
DRREDDY.... BULLISH. - Healthcare and Pharma SectorNSE:DRREDDY
This stock is fundamentally at ALL TIME HIGH but its PE at the lower band......
stock taking support of the major trendline (RED)
if it breaks 4615 level in WEEKLY TIMEFRAME with strong volume, then it can show a massive rally.
this is all for educational purpose, not a stock recommendation for trading.
invest at your own risk.
PFC (15year breakout)( Price breakout still to come but will for sure from now )
PFC on verge of 15Year pattern breakout as the stock formed symmetrical triangle pattern on larger time frame here it is 3m as to fully accommodate the chart on screen. Now PFC looks strong as :
CMP 154
TGT - ATH later trail SL
Calculated target 300+
SL below 130
Other buy factors:
Low PE
Increased FII Holdings
Decreased public holdings
High book value
Constant promoter holdings
Good potential 🙂
Note : Just an idea not any personal recommendation for the stock mentioned its just for education purpose.
OPENDAO Getting readyThe current market sentiment for Bitcoin and other cryptocurrencies is indeed optimistic, and it's encouraging to hear that your position in $SOSUSDT has caught your attention. Market indicators are suggesting exciting developments may be on the horizon for this particular asset, which is great news for those who have taken a position.
It's important to note that various bullish indicators have been activated, and market conditions appear to be aligning for a potentially significant surge in market value. With your position established during the Christmas period, you have already taken advantage of the opportune timing, and it's proving to be a wise decision.
While we may experience some lateral movement in the coming weeks, the outlook for the near future is promising. However, it's advisable to remain vigilant and prepare for potential market fluctuations, as with any investment, there is always a level of risk involved.
Make sure to keep an eye on market trends and indicators to ensure you're making informed decisions about your position. With careful analysis and preparation, you could stand to make significant gains in the future. Good luck with your investment!
Team Lease FinanceHello and welcome to this analysis
In the monthly time frame we can see two parallel channels running the path. The first one is a wider rising channel which has now come down to its lower end of the channel after completing a 1.6x fibonacci target. The second one is the narrower falling channel from its peak.
The decline appears to have come to a halt at the confluence of both the channels and after a brief period of consolidation its showing signs of resumption of uptrend.
SIP / accumulation between 2350-2700 with 2200 as failure of structure (channel will break below) for upside possibilities of 3500 and ATH appear a possibility.
A decent risk reward ratio for medium to long term investing.
XRP could to formed a big symmetric triangleI make this analysis explain a one thing that I see in the price for this cryptocurrency. As XRP it's in the bear market, we are forming a big symmetric triangle in monthly chart, and maybe it's an interesting data that I take in note. a good way to start and accumulate XRP assets by long term.
XRP it's one of my favorite cryptocurrency, and I love this crypto much!!! We can to buy in $0.24 cents if this happen in the next weeks.
XAU/USD LONGTERM FORCAST Gold has been on a bearish dump since its high 2070 which was recorded on 7th of march 2022. The commodity pair has since then maintained a steady dump, analysis shows that XAU is not just in a dump but in a descending channel which had been tested with two touches, the commodity pair seem to be absolutely obedient to the channel and had dropped at every touch of the upper descending trend line.
What is the current forecast for Gold.....?
Currently the dollar is very bullish and due to its correlation with the commodity XAU is bearish. Although there's no sign of reversal, a rally above 1670 is a signal for long.
Remember trading is a waiting game don't chase a trade or you'd be catching a falling knife.
Follow Saffroninvest for more updates.
DKNG Demand Zone + StrengthCompany : DraftKings has been showing Extreme Relative Strength after a nearly 100% move from its June Low to Recent Bear Market Highs.
This Relative Strength is not from nowhere and definitely, can be attached to DraftKings leadership in the Sports Betting & Gambling industry. DraftKings has opened up huge money-generating partnerships with NFL, and other large organizations. These agreements and contracts only have pushed DraftKings Higher.
While the Market has continued to drift lower these past weeks, DraftKings has been taking a necessary hit from its large run-up. DKNG is entering a Major Demand Zone Dating back to the IPO days. Technicals are showing a very large demand zone from the near $15 level towards the $10 level. With this heavy support area, we may see heavy consolidation for a time being, and a Strong appearance of Buyers.
This is a strong thing to note out, as this could be a strong Long-Term Aquiring location for many Investors to pick up in this Bear-Market.
$GBP - How low can we go?$GBP - How low can we go?
Tacking back to yrs of data, perhaps we go ahead to George Soros area of chart and going back to 84-87 areas of price action. Interesting times, I think 1.10 could be achievable as we are in recession, fundamentally very weak outlook for gbp and you got dollar king rising further as hikes remain on the table till end of yr for US.
Interesting times, for longer term this brings great opportunities of investing.
TJ
Apple up for the next 2 weeks
Raise your hand if you want to know what's AAPL gonna do next.
I see an impulsive structure (12345) currently being in wave 4. Fallowed by the final wave of the sequence, wave 5.
So I would see AAPL going back to the $175 level unless it truncates. Truncation is of corse a possibility but it usually rare.
After 5 waves we are always expecting a correction.
If you want more analysis like this please let me know.
This is my opinion and does not constitute financial advice.
SBIN - DAILY TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
$MMM Longterm Investing OpportunityIs 3M currently a good Stock for a Dividendportfolio? NYSE:MMM
$MMM is coming closer to a level where it's getting interesting for buy opportunities. The overall structure is still bullish on the monthly as well as on the weekly. The orderflow on the weekly is currently corrective as price is inside a very clean pullback (PB)
The stock has been consolidating for the last weeks, which is a good sign because it is building liquidity on the bottom side, which we expect to get taken out before continuing to the upside.
So from the technical side, we can start ticking the boxes if price sweeps the Liquidity that it is currently building up.
From a fundamental perspective, 3M is getting closer to the fair value price, which is an additional confluence for me to open up long-term positions. It will be a good fit for my Dividendportfolio.
I'll make an update if the stock makes significant changes in pricing.