MONTECARLO
#MONTECARLO #APPAREL #CLOTHING #FASHION #FASHION #NFT #TRADING #MONTECARLO
NSE:MONTECARLO
NSE:MONTECARLO
Monte Carlo Fashions Ltd.
CMP: 417.95
Target 1: 490+
Time frame: <3months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Bitcoin TrajectoryThis is an updated analysis on the trajectory of bitcoin using a Monte-Carlo simulation of 2000 random walks, as well as Fibonacci retracement levels.
Everyone has the same idea right now so this may just be a self-fulfilling prophecy. On top of that, the Monte Carlo is levelling out and maximum walks are ending over 50k already.
View the random walks here:
Calls on GMBased on a Monte Carlo Simulation (based on the last 252 trading days) the stock is trading below its par value of $42.48. I'd expect a downtrend reversal/surprise of 2-3% (historic trend) shortly after the earnings call Tuesday if GM can beat earnings per share expectations for 2017. Additionally, both ARIMA(0,1,0) and ARIMA(5,3,1) models are projecting the stock at 42.2 and 42.5 in 10 days, respectively.
From a fundamental standpoint, here are a few pointers:
GM has consistently maintained profit margins over 5% which is greater than the industry average.
GM's revenue will be lower this year due to slower vehicle sales in North America and due to selling their European operations (OPEL), which is already built into the price at this time
Their efficiency is improving relative to their competitors, especially F and FCAU based on higher inventory turnover ratios
The key metric to watch is GM's earnings per share which could beat expectations this year if GM can maintain sales of higher profit margin products (Trucks and SUV's) and based on the intensity of the share buy-back strategy
Slight chance of an increased dividend yield for GM's stock which I believe to be the driving reason behind the share buy back strategy
Based on how the market opens Monday, I'll be betting with both Feb 16th and March 16th Call options with strikes ranging from 40 - 43, within the resistance range. I may also sell Puts at a $39 Strike, below the resistance level
