NASDAQ: HTCR | Technical Review 07/10/2024Supported by their strong profit forecast, we are starting to see investors building up position in Heartcore Enterprise Inc. (NASDAQ: HTCR) despite huge profit taking activity was seen in last Friday. Nevertheless, HTCR's share price was strongly supported around its current level, with the expectation to hold around $0.750 for the remaining of the week.
We deem this as a Trading BUY opportunity for those who have not built any position on hand for HTCR.
Investment
NASDAQ: ATPC | Technical Review 07/10/2024Support: $1.800
Resistance: $2.000
Agape ATP Corporation (NASDAQ: ATPC) is showing significant support and resilient in the $1.800 level for the past trading weeks. This is likely to be supported by (i) compliance of the company's share price to Nasdaq, (ii) strong exposure in renewable energy sector and (iii) launching of significant revenue generator, ATP2.
BTCUSD : Why BITCOIN Remains Bullish and Its Next Potential MoveI still haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break out of this triangle sharply and reached above $66,500. However, after that, we faced a short-term correction that reduced the price to around $60,000. Now, the price can increase strongly, break the head and shoulders pattern, and eventually reach the top of the megaphone.
important patterns:
Butterfly Pattern, Megaphone Pattern, Head and Shoulders .
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Microsoft (MSFT): Decision Point – Will It Hold or Drop?Since our last analysis on Microsoft, not much has changed in terms of price action, as it rose to $469 before getting stuck again at $416. However, there is one major development – Microsoft has formed a new trend channel. We have marked this crucial channel in red and labeled it "Must hold for more upside," emphasizing its importance. A major decision is approaching for $MSFT.
Either Microsoft holds this channel, leading to a surge higher, or it loses this level, which would confirm the bearish head and shoulder pattern. We've maintained a bearish outlook on Microsoft since January 2024, and recent developments seem to support our analysis. For now, we're patiently waiting and letting the market decide.
If Microsoft loses the channel, we could find initial support for wave (A) around $316-306. However, a better buying opportunity for wave II may present itself closer to $220 – though reaching this level will take some time. 🫡
Xiaomi (1810): Major Gains, Next Targets and Updated StrategyThe Hang Seng Index and its constituent stocks have been surging higher, with Xiaomi leading the charge 🚀. The setup we had on Xiaomi was quite similar to the one for Alibaba, featuring a tight stop-loss and a high risk-to-reward ratio, which, just like NYSE:BABA , worked out perfectly. Although we aimed to catch the end of wave (ii), we missed the entry by just a few HKD. Despite this, the position is now up an impressive 85% since we initially sent out the entry back in March.
We have taken our first round of profits as we haven't locked in any gains yet, and we have moved our stop-loss to the break-even point. However, we are confident that Xiaomi will not revisit this level for a long time. We took profits upon reaching a key wave 3 extension level. While we expect further gains on the lower time frame, we must also respect what the higher time frame indicates. Whether it's longing wave (iv) or wave 4, the choice depends on whether we are right about the higher or also the lower time frame. On the higher time frame, we anticipate a maximum rise to 30 HKD before we see a significant correction.
We believe there is still substantial upside potential for Xiaomi – it's only a matter of time. We'll keep monitoring both scenarios closely and act accordingly 📈.
ITD Cementation India Long Term Investment IdeaIntroduction
ITD Cementation India Ltd. engages in the construction of a wide variety of structures. Its areas of operations include maritime structures, mass rapid transport systems (MRTS), dams and tunnels, airports, highways, bridges and flyovers, and other foundations and specialized engineering work.
Observation
As we can see stock breakout its channel with huge trade volume, Open marabuzo and....
Visit on website👆deeper detail and its fundamentals
Ralph Lauren: Elevate Your Wealth with the Essence of Luxury◉ Abstract
Ralph Lauren is thriving in the booming luxury apparel market. The company, founded in 1967, has a market cap of $11.83 billion and generates nearly 44% of its revenue from North America, totaling $2.93 billion. The industry is valued at approximately $110.13 billion in 2024 and projected to reach $151.32 billion by 2029, growing at a CAGR of 6.56%.
Recent technical analysis shows Ralph Lauren's stock has outperformed the NYSE Composite index with a 66% annual return. Despite a slight revenue increase of 2.9% year-on-year, EBITDA soared to $1,024 million, reflecting strong financial health. With a current P/E ratio of 17.4x, Ralph Lauren presents an attractive investment opportunity amidst rising global wealth and consumer demand for luxury goods.
Read full analysis here . . .
◉ Introduction
The global luxury apparel market is currently experiencing significant growth, driven by various factors including increasing disposable incomes, brand loyalty, and the rising influence of social media on consumer behaviour.
Here’s a detailed overview of the market size and growth outlook:
◉ Current Market Size
According to Mordor Intelligence, the global luxury apparel market was valued at approximately USD 110.13 billion in 2024, with expectations to grow to USD 151.32 billion by 2029, reflecting a CAGR of 6.56%.
◉ Growth Drivers
● Increasing Wealth: The rising number of millionaires globally and growing middle-class affluence, particularly in regions like Asia-Pacific, are significant contributors to luxury apparel demand.
● Consumer Trends: There is a growing perception that luxury goods enhance social status, which fuels consumer interest in high-end fashion.
● Digital Influence: Enhanced online shopping experiences and the effective use of social media for marketing have opened new avenues for luxury brands to reach consumers.
◉ Regional Insights
● Europe
Dominant Market: Holds a market share of approximately 34% to 43%. The presence of numerous luxury brands and high purchasing power among consumers drive demand, supported by significant tourist spending on luxury goods.
● North America
Strong Demand: The U.S. is a key player, characterized by a wealthy consumer base and increasing brand loyalty, particularly among younger generations who view luxury items as status symbols.
● Asia-Pacific
Fastest Growing Market: Anticipated to grow rapidly due to rising disposable incomes and brand awareness, especially in countries like China and India.
● Latin America
Emerging Potential: Currently holds a smaller market share but shows promise for growth as consumer awareness and travel increase.
● Middle East & Africa
Limited Contribution: This region contributes the least to the luxury apparel market, although countries like the UAE are seeing growth due to tourism.
The overall outlook for the luxury apparel market remains optimistic, supported by evolving consumer preferences and increasing global wealth.
Amidst the global luxury apparel market's promising growth prospects, we have identified Ralph Lauren as a prime opportunity for investment. With its robust financial performance and impressive technical indicators, Ralph Lauren is well-positioned to propel success.
◉ Company Overview
Ralph Lauren Corporation NYSE:RL is a renowned American fashion company known for its high-quality, luxury lifestyle products. Founded in 1967 by the iconic designer Ralph Lauren, the company has become a global symbol of timeless style and sophistication. The company offers a wide range of products, including apparel, footwear, accessories, home goods, fragrances, and hospitality. Ralph Lauren's iconic polo shirt and strong brand identity have contributed to its success, making it a global leader in the luxury fashion industry.
◉ Investment Advice
💡 Buy Ralph Lauren Corporation NYSE:RL
● Buy Range - 190 - 193
● Sell Target - 245 - 250
● Potential Return - 27% - 30%
● Approx Holding Period - 8-10 months
◉ Market Capitalization - $11.83 B
◉ Peer Companies
● Tapestry NYSE:TPR - $10.59 B
● Levi Strauss NYSE:LEVI - $8.57 B
● PVH Corp. NYSE:PVH - $5.44 B
● Columbia Sportswear Company NASDAQ:COLM - $4.87 B
◉ Relative Strength
The chart clearly illustrates that Ralph Lauren has greatly outperformed the NYSE Composite index, achieving an impressive annual return of 66%.
◉ Technical Aspects
● Monthly Chart
➖ The monthly chart clearly shows that the stock price faced several rejections near the 190 level, which ultimately triggered a significant drop, brought the price down to the 66 level.
➖ Afterward, the price experienced various fluctuations and, after a prolonged consolidation phase, developed an Inverted Head & Shoulders pattern.
➖ Upon breaking out, the price surged upward but encountered resistance again at the previous resistance zone.
➖ However, after a pullback, the stock has successfully surpassed this resistance for the first time in almost 11 years.
● Daily Chart
➖ On the daily chart, the price has formed a Rectangle pattern following a brief consolidation phase and has recently made a breakout.
➖ If the price can hold above the 190 level, we can expect a bullish movement in the coming days.
◉ Revenue Breakdown - Location Wise
Ralph Lauren Corporation is a global luxury brand with a strong presence in various regions.
➖ North America remains Ralph Lauren's biggest market, contributing nearly 44% of its total revenue, which amounts to $2.93 billion.
➖ In Europe , the brand is seeing consistent growth, with revenue reaching around $2 billion, making up about 30% of total earnings.
➖ Asia , especially China, is becoming a key player for Ralph Lauren, generating approximately $1.58 billion, or 24% of total revenue.
◉ Revenue & Profit Analysis
● Year-on-year
➖ In the fiscal year 2024, the company achieved a modest revenue increase of 2.9%, totaling $6,631 million, compared to $6,443 million in the prior year.
➖ On the other hand, EBITDA growth has been remarkable, soaring to $1,024 million from $801 million in FY23. The current EBITDA margin stands at an impressive 15.5%.
➖ Additionally, diluted earnings per share (EPS) experienced a substantial year-over-year rise of 28%, reaching $9.71 in FY24, up from $7.58 in FY22.
● Quarter-on-quarter
➖ In terms of quarterly performance, the company reported a decline in sales over the last three quarters, with the most recent quarter showing sales of $1,512 million, down from $1,568 million in March 2024 and $1,934 million in December 2023.
➖ Nevertheless, EBITDA demonstrated significant growth in the June quarter, climbing to $265 million from $176 million in March 2023.
◉ Valuation
● P/E Ratio
➖ Current P/E Ratio vs. Median P/E Ratio
The current price-to-earnings ratio for this stock stands at 17.4x, which is notably elevated compared to its four-year median P/E ratio of 5.7x. This suggests that the stock is presently overvalued.
➖ Current P/E vs. Peer Average P/E
When evaluating the stock's Price-To-Earnings Ratio of 17.4x, it shows a more attractive valuation, as it is lower than the peer average of 25.5x.
➖ Current P/E vs. Industry Average P/E
RL is positioned at a more appealing price point, with a Price-To-Earnings Ratio of 17.4x, which is significantly less than the US Luxury industry's average of 19.x.
● P/B Ratio
➖ Current P/B vs. Peer Average P/B
The current P/B ratio reveals that the stock is considerably higher than its peers, with a ratio of 5x compared to the peer average of 3x.
➖ Current P/B vs. Industry Average P/B
In comparison to the industry average, RL's current P/B ratio of 5x indicates that it is substantially overvalued, as the industry average is only 2.2x.
● PEG Ratio
A PEG ratio of 0.54 suggests that the stock is undervalued relative to its expected earnings growth.
◉ Cash Flow Analysis
In fiscal year 2024, operational cash flow experienced remarkable growth, reaching $1,069 million, a substantial increase from $411 million in fiscal year 2023.
◉ Debt Analysis
The company currently holds a long term debt of $1,141 million with a total equity of $2,367 million, makes long-term debt to equity of 48%.
◉ Top Shareholders
➖ The Vanguard Group has significantly increased its investment in this stock, now owning an impressive 8.23% stake, which marks a 3.9% rise since the end of the March quarter.
➖ Meanwhile, Blackrock holds a stake of around 4.11% in the company.
◉ Conclusion
After a thorough evaluation, we find that Ralph Lauren Corporation is strategically poised to thrive in the expanding luxury apparel market, driven by increasing disposable incomes and a growing appetite for high-end products.
Third Eye View on BloomZ Inc., What’s so Interesting About Them?Lately, there’s been quite a bit of market buzz around BloomZ Inc. (BLMZ), a Japanese-based company specialising in anime and game voice overs. They’re also tapping into the growing VTuber market and have plans to venture into the animation industry, further expanding their scope.
From an investment perspective, BLMZ’s share price has seen a significant jump over the past two months. However, due to the recent market weakness over the war, BLMZ’s share price is affected too.
On the fundamentals side, BloomZ is showing steady improvement in revenue while hovering around borderline profitability. This isn't too surprising, as the company is gradually building its revenue base and diversifying its income streams, positioning itself for future growth.
For gamers, there’s an exciting development: BLMZ will be involved in the audio production for The Legend of Heroes: Kai no Kiseki - Farewell, O Zemuria , which is set to launch on PS4 and PS5. This project is expected to contribute significantly to BLMZ’s revenue in the coming quarters.
The anime and gaming markets are undeniably growth industries with tremendous potential. While BloomZ is still in its early stages, the upside could be huge. Although it’s a bit of a bold comparison, think of Nvidia during its infancy—BLMZ could be on a similar path.
In summary, BloomZ Inc. is definitely a stock to keep an eye on. I’ve personally taken a position, but as always, remember to DYOR when it comes to investing!
Understanding Warren Buffett’s Investment PhilosophyWarren Buffett is arguably one of the most successful investors of all time. Over the years, he has developed a set of principles and strategies over his career. He was inspired by the teachings of key financial thinkers like Phil Fisher, Benjamin Graham and Charlie Munger.
Key Influences
Phil Fisher
Fisher’s approach focusses on quality companies with long-term growth potential, emphasizing focused portfolios and long-term holdings. He believed in gathering information about a company beyond what’s readily available. His lessons on maintaining a focused portfolio and committing to long-term holdings are clear influences on Buffett’s patient, value-driven investment philosophy.
Benjamin Graham
Known as the father of value investing, Graham’s core principle was to buy stocks at a price lower than their intrinsic value, creating a margin of safety (MOS). This strategy helps mitigate risk and increase the likelihood of future gains. Buffett absorbed Graham’s teaching on finding stocks that are undervalued and buying them at the right price— definitely a large contributor of his investment success.
Charlie Munger
Munger is Warren Buffett’s long-time business partner. He introduced the concept of economic moats, which refers to a company’s long-term, sustainable competitive advantages. Munger advocates investing in businesses that can fend off competition and maintain profitability over time. This philosophy drives Buffett’s focus on companies with strong market positions and solid long-term potential, favoring these over shorter-term, speculative opportunities.
Buffett's Investment Approach
1 - Buy for the Long Term. Buffett’s strategy emphasizes identifying companies that can consistently perform well over long periods. He holds stocks for years, or even decades, often looking for opportunities where other investors may overlook value.
2 - Buy at the Right Price . Buffett is known for his discipline in waiting for the right moment to invest. His approach ensures he doesn’t overpay, instead seeking stocks when they are priced below their true value, maintaining a margin of safety.
3 - Buy the Right Stocks . Buffett doesn’t just buy cheap stocks, he buys quality companies with sustainable advantages. His goal is to invest in firms with strong business models that will continue to perform well regardless of market conditions.
Warren Buffett emphasizes investing in companies with simple and clear business models , ones that fall within his circle of competence. He prefers to thoroughly understand the operations, products, and long-term prospects of a company before making any investment.
This principle is combined with in-depth analysis of how the company operates and how sustainable its valuations and future growth prospects are. If a business model is too complex or outside his expertise, he avoids it.
He prioritizes companies with integrity and transparency in their management. He believes in backing leaders who are passionate, have strong vision and execution capabilities and who use shareholder funds wisely. Trusting management to run the company effectively, with efficiency and accountability, is critical for long-term success in Buffett’s eyes.
Investing in quality companies isn’t enough—Buffett also insists on buying them at attractive prices. He maintains a strict discipline of buying with a margin of safety, ensuring the price paid is lower than the company’s intrinsic value. This means waiting for opportunities to buy great businesses at fair prices rather than settling for fair businesses at attractive prices , which may not perform well over time.
Buffett has made many of his lessons and strategies available to the public through his letters to shareholders and partnership letters. These documents offer insight into his investment approach, decision-making process, and lessons from both successes and failures. There are several key books that capture Buffett’s life, philosophy, and strategies in greater detail:
Warren Buffett’s Ground Rules
The Warren Buffett Way
Buffett: The Making of an American Capitalist
The Warren Buffett Portfolio
The Snowball: Warren Buffett and the Business of Life
Each of these resources provides a comprehensive look into the mind of one of the most successful investors of all time, offering practical advice and detailed case studies of his investments.
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Helping Businesses Level Up Customer Experience HTCR , or HeartCore Enterprises, is making waves in the tech industry with its focus on customer experience management (CXM) solutions. The company offers software tools that help businesses improve how they interact with their customers, a market that has been growing rapidly due to the increasing emphasis on digital transformation. As more businesses move their operations online, HTCR’s solutions become crucial in helping companies manage customer journeys effectively.
HTCR’s prospects look promising as demand for CXM solutions is expected to surge, particularly in sectors like retail, finance, and healthcare, where personalized customer interactions are becoming more important. Their platform supports everything from improving website user experiences to streamlining communication, helping businesses enhance customer satisfaction and loyalty.
Moreover, HTCR has also been expanding into newer areas like process automation and content management, which further strengthens its market positioning. With the ongoing digital shift and rising demand for improved online engagement, HTCR has strong potential for future growth, making it a tech company to watch closely in the coming years.
ATPC and FORMEDIC Technologies Announce Strategic Collaboration Innovative Collaboration Brings Advanced Respiratory Solutions to a Global Market
KUALA LUMPUR, 1 OCTOBER 2024 – NASDAQ-listed AGAPE ATP Corporation ("ATPC"), is proud to announce a strategic collaboration with FORMEDIC Technologies Sdn. Bhd. (“FORMEDIC Technologies”) to introduce LEGA, an electronic chest percussion device for respiratory care. This partnership marks a major advancement in respiratory health, as the two companies combine their strengths to address the growing demand for advanced respiratory solutions.
LEGA, FORMEDIC’s flagship product, assists patients with chronic obstructive pulmonary diseases (“COPD”), pneumonia, bronchiectasis, and other lung-related conditions by providing critical support for airway clearance and secretion management. LEGA helps to manage secretion drainage and airway clearance, offering much-needed relief to patients both adults and children, facing respiratory difficulties in both hospital and home care settings. This device has already gained significant traction in the medical field, with close to 2,000 units used in major hospitals and rehabilitation centres in Malaysia and globally.
For ATPC, this collaboration brings opportunities in the fast-growing respiratory care market, estimated to reach USD 25.95 billion in 2024, with a strong growth trajectory, estimating it to hit USD 49.84 billion by 2031 . As respiratory diseases continue to rise globally, this partnership positions ATPC to capitalise on the increasing demand for advanced respiratory solutions, as well as diversifying its wellness portfolio with a proven medical device.
Prof Dato' Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, said, "The partnership allows ATPC to leverage FORMEDIC’s expertise in healthcare technology and clinical applications and research and development capabilities, aligning with ATPC’s long-term vision of building a holistic wellness ecosystem that encompasses both preventive and curative solutions.
This is an opportunity for us to address a critical global health need. With LEGA, we are expanding our operations into healthcare technology, an area with immense growth potential. We look forward to continue delivering value through innovation and strategic diversification, and at the same time, accelerate ATPC’s growth and market reach, enhancing shareholder value.”
Ng Zim Guan, Director of FORMEDIC Technologies, added, "LEGA is the culmination of years of research and clinical trials, and our partnership with ATPC allows us to reach more patients globally. We aim to redefine respiratory care with cutting-edge solutions and LEGA’s non-invasive, electronic chest percussion technology has already proven to be a vital tool in improving respiratory health. Partnering with ATPC allows us to further scale this technology and reach more patients in need."
In addition to improving lung health, the collaboration will focus on continuous R&D efforts to explore innovations and develop solutions to improve patient outcomes. ATPC and FORMEDIC will jointly develop marketing strategies to position LEGA as the leading respiratory care solution, ensuring greater accessibility to hospitals, rehabilitation centres, and home users globally.
JP Morgan Chase (JPM): Bearish Scenario on the HorizonYou have to hear us out on this one, as we are presenting a very bearish scenario, but we will explain why we think it could unfold this way.
First, let's look at the weekly chart (yes, the weekly chart). This chart shows a near-perfect Elliott wave and Fibonacci count, respecting all the important theoretical points well. If this analysis is correct, we are currently in the last push of wave (5) to end this large cycle. After that, we should see lower prices for a higher wave II. We give the current wave (5) a maximum target of $271, but it is more likely to drop before we reach that level.
In the the main chart, we zoomed in to make it clearer. Everything depends on whether we are correct about wave (3) and wave (4). If our count is accurate, wave (3) should conclude between the 227.2% and 261.8% levels. NYSE:JPM has formed a bearish divergence on the RSI, and if the stock drops below $190, we expect prices to fall further, ideally between $178.46 and $149, for one last push higher to conclude this cycle.
It will take some time until we get there, but good things take time, and we are ready for it to play out. Alerts are set, and the plan is in place. 😎
NASDAQ: ATPC | Technical Review 24/09/30Agape ATP Corporation (NASDAQ: ATPC) , a specialist in renewable energy and wellness products, has demonstrated strong support around the $1.90 level following its compliance with Nasdaq listing requirements.
Recent accumulation activity over the past two weeks suggests the potential for a trend reversal, with downside risks mitigated by key moving average (MA) levels providing support. In the short term, we anticipate a possible challenge of the $2.00 level, while our mid-term target remains at $2.89, supported by current technical indicators and momentum.
Ford (F): Waiting for the right moment after recent bounceAfter being stopped out at break-even with profits already taken on NYSE:F , we are now observing the chart again. We're pleased that we didn't buy any shares as the anticipated bounce did not materialize. However, Ford did bounce almost exactly at point X, which is where wave 2 should not have dropped below—it briefly wicked under before pumping back up. This is something we can respect, as we haven't been stuck below the designated level for an extended time.
From a technical perspective, the plan is clear, but Ford is highly impacted by the current political climate, as car companies are in the spotlight right now. Despite this, we are planning for a push upwards after the recent dip. Ideally, we should not revisit the $9.64 level or, even better, avoid the wave (ii) level. Multiple levels need to be flipped for us to be confident that there's enough strength for future success. We've marked the "Ideal Entry Point" with a green dot, and it should be clear what we want to see.
For now, we're standing on the sidelines, letting it develop and play out. If our scenario unfolds as anticipated, we can capitalize on it.
Plan the trade and trade the plan.
ADITYA BIRLA FASHION (ABFRL) Time to dive for a swing
ADITYA BIRLA FASHION (ABFRL) is trading near its 52 week high & consolidated for few weeks and trying to break resistance, once it breaks and sustain above resistance price will move towards 500INR.
This is just my overview on the basis of price action and i am not recommending to buy or sell.
(I am not SEBI registered)
KO (Coca-Cola): Ready to Bid on the PullbackIn our last analysis on Coca-Cola, we discussed waiting for the right opportunity to bid on $KO. We believe that opportunity has just presented itself. The stock has seen a solid surge over the past month, which is impressive for a defensive stock like Coca-Cola. The price has now tapped the trendline we mentioned previously, suggesting a possible chance to long the intra wave ((iv)). The RSI is currently heavily overbought, which further aligns with our expectation of a pullback, and Coca-Cola has also respected the 161.8% Fibonacci level quite well so far.
Our plan involves making two entries for this setup. First, we aim to bid at the 38.2% level within the support zone, and if the price continues downward, we will place a second bid at the golden pocket level around $61.24. This two-step entry strategy will allow us to use Dollar Cost Averaging (DCA) to lower our average entry price.
Ideally, before reaching our target entry zones, we would like to see some kind of a three-wave corrective structure develop in NYSE:KO , which would further confirm our entry strategy. We will continue to monitor and provide updates as we approach the levels of interest.
McDonald's (MCD): Time for a Correction!We predicted it back in March, and sometimes you have to give yourself a pat on the shoulder when things play out exactly as expected. A little over six months ago, we said that Wave (A) would likely hit $245.88, and what did we get? $244, which is less than a 1% difference from our target. After that, the stock surged by 24% to what now seems like another high.
Now we find ourselves back at the range high, and we must treat it with caution. Since March, we've been hoping for this exact scenario to unfold, but we're not ready to jump into a short position on NYSE:MCD just yet! The rise has been pretty strong, and we're seeing the RSI hovering around the overbought area. Given this price level, we could either see a smaller pullback before heading higher—possibly up to the 127.2%-138% Fibonacci extension—or NYSE:MCD could fall lower after losing the mid-range level.
In both scenarios, we would like to see lower prices as we still haven't concluded Wave II. We’ve zoomed in on the chart now, but whether we’re right or wrong, we’ll zoom back out to reevaluate when the time is right.
This serves as the perfect reminder that good things take time 🚀.
HDFCBANK : Cup & Holder at Weekly chart // Bull run start?www.tradingview.com
HDFCBANK : After a long years of consolidation started in Jan-21, now about to breakout through Cup & Handle Pattern.
Here are few pointers for the pattern's stability:
1. Pattern is made on weekly chart which is substantially large time frame.
2. Consolidation time is very long ...almost touching 4-years.
3. RSI is at 80 which is extremely bullish.
4. Momentum / ADX is too bullish.
5. All institutional analyst are bullish
The investment target can be atleast 45% up move in next 12 months period from current price level.
Apple (AAPL): After the Gap Close, What’s Next?In our last analysis, we perfectly predicted the top for Apple at $233, and since then, the stock has been declining due to multiple factors. Apple dropped nearly 3%, driven by concerns over weaker-than-expected demand for the latest iPhone model during its first weekend, according to a securities analyst at TF International in Hong Kong.
China’s performance continues to drag on Apple’s financials this year, particularly in the first quarter when sales dropped by 24%. Full-year sales from China are expected to reach $60 billion, down from $72.6 billion in 2023, which accounted for a significant portion of Apple’s $383.3 billion overall revenue.
For now, we maintain a bearish outlook for Apple after the stock completed a gap close and was rejected at the 88.6% Fibonacci level. However, we are still eyeing an entry point and getting closer to it. We’re now placing a limit order to catch a potential dip. Our primary target is a possible double bottom around $196. While the price could dip even lower, we are playing this with a wider stop-loss and may use a DCA (Dollar-Cost Averaging) approach, as multiple entry points could emerge. Let’s see how the next few days or weeks unfold!
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
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.”