Get started

Stocksignals

SMCI is -85% a buy opportunity while accounting issues continue?Super Micro Computer Inc (SMCI) still haven't found a new Auditing Firm, after it was announced last week that Ernst & Young left them raising governance and management communication issues. Yesterday's Low represents almost a -85% drop from the March $122.50 All Time High (ATH). So is this level a bargain and a buy opportunity for long-term investors? Well while the company hasn't filed the necessary paperwork to meet the regulatory requirements to remain listed on the stock market and no auditor is hired to confirm and signs their reports, investor confidence will remain low (to say the least). It appears that SMCI has turned into the new short favorite for Hedge Funds and that's never ideal. Technically though, the stock hit yesterday its 1W MA200 (orange trend-line) for the first time in 4 years (since October 26 2020)! With that contact, the price initiated a strong multi-week rally that made a new High. This is a textbook buy for long-term investors. Of course it is all about risk and money management and since regulatory risks remain, the capital invested best to be less than usual. Another technical factor supporting a buy on these levels is the 1W RSI, which got oversold (<30.00) for the first time since the weeks of March 16 2020 (almost 31.50) and October 01 2018 (U.S. - China trade wars). Both these times, SMCI kick-started enormous rallies. The October 01 2018 bottom in particular is the starting date of the Fibonacci Channel Up on this chart, which encompasses SMCI's logarithmic growth these past years. As a result the company has only experienced 3 major long-term buy opportunities with the most recent 4 years ago. At the same time, yesterday's Low didn't only make contact with Fibonacci 1.0 of the Channel Up (i.e. the initial top until the price turned parabolic and broke-out) but also almost touched the 0.382 horizontal Fib level, starting all the way from October 2018. It is obvious that purely from a technical perspective such levels are as good as a buy can get. Proper risk management and an exit strategy are needed (in case of delisting) and long-term investors can be patient and take their time to target the $122.50 High again for enormous gains (could take even 1 year). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:SMCILong
by TradingShot
2
COINBASE Ahead of an enormous bullish break-out.In recent times, we have focused on Coinbase's (COIN) long-term potential on higher time-frames (1W) like the one below (September 09) where we gave a great buy signal on the absolute bottom of the 2-year Channel Up: On today's analysis we look into the 1D time-frame as Coinbase is about to test its longest 2024 Resistance, the Lower Highs trend-line that started after the March 25 2024 High. With added bullish pressure by the 1D MACD Bullish Cross formed 2 days ago, if this Lower Highs trend-line breaks, we can technically have a very aggressive rally. The September 06 bottom can be seen as the start of the Head of an Inverse Head and Shoulders (IH&S) pattern, which has a standard Target on the 2.0 Fibonacci extension. That is just above $340. As a result, if the Lower Highs trend-line breaks, you can take additional buys to target $340. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COINLong
by TradingShot
FBTC: Break Out After 12 Months of Sideways - DCA TradeAll the white lines are buys. My weighted average price per share would be somewhere in the middle. I Dollar Cost Averaged into the position from basically the launch of the product on exchanges earlier this year, Say March 24. The trade looks to finally be playing out. Long Term Hold position for me, and will add on higher timeframe (1 Day, 3 Day, Weekly) oversold conditions outside a normal standard deviation. Fun time to be a trader at the moment.
AMEX:FBTCLong
by BitInfo12
Take Two (TTWO) & ROCKSTARTakeTwo Intractive's costs are rising as fast as revenues, and the Zynga acquisition has yet to prove itself. Of course, GTA 6 is an excellent argument, but even this is not without risk; after all, it is not guaranteed that every new GTA is of the highest quality. Overall, it seems that an investment in the company is currently a pure bet on the massive success of GTA 6. But if that's the investment thesis, why invest now? TakeTwo has an excellent reputation in the industry and trades with a premium valuation compared to the competition. But several points do not look entirely positive. Costs are rising as fast as revenues, and the Zynga acquisition has yet to prove itself. At the same time, shareholders are slowly but steadily burdened by stock dilution and stock-based compensation. Plus, the CEO sold 21% of his shares in April. Yes, eventually, GTA 6 will be released, but if that's the main argument for the investment, you might as well wait another six months and possibly get in at a cheaper price. The last quarter was not very successful for the company. Revenue was $1.4B but missed expectations by $140M. On a GAAP basis, there was a significant loss per share of -$1.54. They also lowered FY 2023 revenue guidance from $5.8B to $5.4B. The chart below shows the evolution of some metrics over the last five years. Here we see that revenues are increasing strongly, but costs are increasing almost at the same rate, so real profits are not growing. The company is currently valued at an enterprise value of $19B. The market cap is $16.9B, and the total debt is $3.7B. The P/S ratio is 4.4, and the forward P/E ratio is approx. 25. The share is thus more cheaply valued than the last few years' averages this year we going to see GTA6 first trailer and probably release data announcement, plus a next gen update for Red dead redemption2 TTWO under 99$ is a buy zone , I managed to buy some shares at 94$ and will buy more if back to 90-80$ zone again
NASDAQ:TTWOLong
by moonypto
13
The Big Exit | How One Auditor Walked Away from Super MicroThe Governance Shortfall: Inside Super Micro’s Auditor Crisis On Wednesday, shares of the high performance server and storage solutions provider faced renewed selling pressure after the unexpected resignation of its audit firm, Ernst & Young LLP(EY) In July 2024, EY alerted the Audit Committee about several concerns related to governance, transparency, internal controls, and the risk of delayed filing of the company's annual report. In response, the Board formed an independent Special Committee to investigate these matters, engaging Cooley LLP and forensic accounting firm Secretariat Advisors, LLC. Although EY and the Board received preliminary updates on the investigation, the final conclusions have not yet been shared. The ongoing review raised doubts for EY regarding the company’s adherence to the COSO Framework principles for internal controls. EY questioned the company’s commitment to integrity, the independence of the Audit Committee, and the reliability of management’s and the Audit Committee's representations. In its resignation letter, EY expressed its inability to rely on these representations or be associated with the company's financial statements, citing legal and professional obligations. Despite the developments, Super Micro has indicated no expected changes to previously issued financial statements. The company plans to provide a Q1/FY2025 business update next week. However, it’s surprising that management didn’t include preliminary Q1 results in Wednesday's announcement, which could have mitigated the negative impact on its stock. Super Micro is nearing a Nasdaq deadline to either regain compliance with listing requirements or submit a plan. With the auditor’s unexpected departure, it may be difficult for the company to present a viable plan, raising the risk of a near-term delisting. This resignation comes at a critical time for Super Micro, as its rapid growth requires substantial working capital. Based on management’s projections, FY2025 cash needs could reach up to $3 billion, likely necessitating additional capital early next year. However, raising funds without audited financials could be challenging, potentially forcing Super Micro to relinquish market share to competitors like Dell Technologies or Hewlett Packard Enterprise. In my view, EY’s departure increases the likelihood of a prolonged accounting review, which could hinder Super Micro’s ability to secure funding for anticipated growth. Therefore, it is crucial for the company to report strong preliminary Q1/FY2025 results and present a positive outlook next week. Super Micro Computer’s troubles continue, as its auditor resigned due to concerns over management’s integrity and the Audit Committee's independence. This situation makes it unlikely for the company to achieve compliance with Nasdaq requirements soon, raising the potential for a near-term delisting. With a need to re-enter the capital markets in early 2025, audited financials remain essential. A failure to secure funding could result in significant market share loss to major competitors like Dell Technologies and Hewlett Packard Enterprise. Given these challenges, the increased risk of prolonged financial review, and a likely near-term delisting, I am reaffirming my "Sell" rating on Super Micro Computer's common shares.
NASDAQ:SMCIShort
by moonypto
2
Linde plc | LIN Linde, Timeless Excellence Linde is a timeless business with even better stability than other basic materials businesses. The company works in gases and has a near-unbroken EPS growth record of 8% annually Linde is a market leader, and if you invest in the company, you're investing in the world's largest company for industrial gases. The company was originally a result of a takeover of British BOC in 2006, and again the 2018 merger of Linde and Praxair, a US company. On the macro upside, there was a 1) supportive regulatory framework in the USA and in the EU on green opportunities and hydrogen, 2) the Ukraine invasion was also a key catalyst towards the energy transition, 3) the EU chip acts with €43 billion in supporting funds as well as the United States Chips and Science Act development for a value of approximately $52 billion, and 4) higher needs of specialty gas in EV car. Related to the micro upside, the company is more diversified on a GEO revenue basis and sells different product solutions starting from cylinders to bulk liquid. In addition with a follow-up note titled "Positive News Ahead", we reported Linde's lower cost structure with the Frankfort delisting. Aside from removing the dual listing expenses, we positively view this development because US companies' P/E multiple are usually higher compared to the EU one. To support our MACRO buy case recap, in the second quarter, Linde announced two new projects with Evonik and Heidelberg Materials (both companies covered by our internal team). The company signed a long-term agreement to produce green hydrogen for Evonik in a 9-megawatt alkaline electrolyzer plant in Singapore. With Heidelberg, Linde will build a large-scale carbon capture close to the Lengfurt plant in Germany. As a reminder, cement production is estimated to be responsible for around 7% of global in 2022, APD's earnings per share were at $8.38, and Linde's earnings per share were fairly similar at $8.23. For 2023, Air Products and Chemical EPS guide a midpoint at $11.40 while Linde's EPS is forecasted at $13.65. Looking at the ROCE, in Q4 2022, APD stood at 11.7% and Linde at 13.4%. In the last quarter, APD’s ROCE was flat on the two-year comparison, while Linde’s after-tax ROCE reached 24.0%. While there are some business & regional nuances between the two leading companies (for instance, APD is lacking U.S. packaged gas business), here at the Lab, we believe are more inclined toward Linde, particularly when organic growth has been fairly similar. Cross-checking APD and Linde's last quarter results, we should recall that on a comparable basis, the German player volumes were flat with an average selling price up by 8%. On the other hand, APD increased its volume by 6% with an increase in the average selling price of 8% too. APD adj EBITDA grew by 13% while Linde achieved a plus 11%. However, Linde's EU exposure is greater than APD. Therefore, this is supportive of Linde's bottom line. In numbers, excluding the Engineering divisional performance, Linde's EMEA sales reached $2,177 million and represented 29.72% of the company's total sales. Compared to Q1 2022 number, turnover grew by 10% and was driven by a 13% of cost pass-through increase.
LLong
by moonypto
6
Riding the Bullish Wave: HPQ Eyes $41.53 Long Term TargetHP Inc. (NYSE: HPQ) is showing promising signals for a short-term upside, despite recent volatility in the tech sector. According to recent reports, the stock outperformed its competitors on a strong trading day, yet faces ongoing risks to a PC market rebound, as highlighted by warnings from Citigroup. However, our Quantum Probability indicator, W.ARITAs, coupled with technical patterns, points to a solid trading opportunity. Technical Outlook: Bullish Patterns Indicate Upside Our analysis has identified two powerful overlapping bullish patterns in HPQ stock: the Bullish Harmonic Pattern - BAT and the Bullish Flag, both signaling potential upward movement. The stock has faced considerable pressure around the critical zone of $36.08, where we saw three retests, each validating the support level. Following these retests, we have now confirmed a breakout above this critical zone. The ideal entry price for investors looking to capitalize on this momentum is $36.09 . We are placing a stop loss at $34.18, protecting against potential downside, while the take-profit target is set at $41.53 , based on key resistance levels. This offers a strong risk-reward ratio of 2.89, making it a compelling short-term trade. Conclusion: High Potential Short-Term Opportunity While HPQ has faced challenges in the broader tech market, including concerns about the PC market rebound, the stock’s technical setup presents a positive outlook for short-term gains. Investors seeking to enter at $37.09 with a stop loss of $34.18 and target price of $41.53 stand to benefit from a bullish breakout and a favorable risk-reward scenario. Disclaimer: This analysis is based on technical indicators and market observations. It is not financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
NYSE:HPQLong
by insidermike
MICROSOFT has bottomed. Dont miss this once/year buy opportunityMicrosoft (MSFT) has been trading within a Fibonacci Channel Up since the October 2022 market bottom following the Inflation Crisis. Since the August 05 2024 Low on the 1W MA50 (blue trend-line), the stock has struggled to get detached from it and stage a sustainable rally. This prolonged volatility can be seen however on both previous Lows of the Channel Up, while the price was attempting to price a bottom. Technically it is around the same levels as February - March 2023 (again below the 1W MA50). As you can see, this kind of buy opportunity emerges roughly once a year on MSFT and posts a rise or roughly +50% from the bottom, with the last Higher High priced on the 1.5 Fibonacci extension. As a result, our long-term Target is now set at $550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:MSFTLong
by TradingShot
3
Intel in Trouble or Ready for Redemption?There is growing potential for QUALCOMM Incorporated to acquire Intel. I now believe that this development has advanced enough to warrant a fresh look at the stock Qualcomm recently approached Intel about a takeover. According to WSJ , Qualcomm has expressed interest in acquiring Intel, which, if realized, would mark one of the most significant deals in recent history Initially, this seemed like a long shot, with limited details emerging from the report. However, QCOM has continued to pursue the idea. Also QCOM has been in contact with Chinese antitrust regulators over the past month about this potential deal and is waiting until after the US presidential election to decide on making a formal offer. Since the election is just less than a month away, I believe this acquisition is becoming more of a possibility that investors should factor into their assessment of INTC. If a deal goes through, it’s likely that the acquisition will come at a premium to the current stock price, creating an opportunity for significant short term gains for investors There is always a chance that no deal will occur. In that case, potential investors should evaluate whether the stock is worth holding as a long-term investment. My outlook here is not optimistic, and I’ll delve into INTC's competitive position, as indicated by its latest inventory data, in the next section Given these two potential scenarios, I am upgrading my rating from "Sell" to "Hold." In summary, the possibility of QCOM acquiring INTC introduces a major upside catalyst that I hadn’t accounted for in my previous analysis. This potential acquisition helps offset some of the concerns about INTC as a standalone company. Unlike many financial metrics that can be interpreted in different ways, inventory levels are more straightforward. He also explained that inventory trends can provide early indicators of business cycles. For cyclical industries, rising inventories can signal overproduction as demand wanes, while shrinking inventories can indicate strong demand As shown in INTC’s most recent balance sheet, its inventory levels have generally been on the rise. For instance, in December 2014, inventory was valued at $ 4.273 billion, while the most recent figures show an increase to $ 11.244 billion. In some cases, rising inventory can signal business growth with increasing demand and production capacity, which was true for Intel in the early part of the last decade. When inventory growth exceeds the pace of business growth, it becomes a red flag. In this scenario, rising inventory suggests weakened competitiveness and declining market position—an issue that Intel currently faces, in my opinion. The following chart helps illustrate this point, showing a comparison of days of inventory outstanding (DIO) for Intel and NVIDIA over the last five years, from 2020 to 2024. DIO is a measure of how many days it takes a company to sell its inventory Given Intel's inventory buildup and declining competitive edge, I find its current valuation multiples hard to justify. Specifically, the chart highlights a comparison of price-to-earnings (P/E) ratios between Intel, NVIDIA, and AMD. Focusing on non-GAAP earnings estimates for fiscal years FY1 through FY3, Intel is currently trading with the highest P/E ratio for FY1 at 87.7 almost twice the multiple of NVIDIA and AMD, which are at 46.29 and 46.25, respectively That said, the outlook changes somewhat when considering the years further ahead. For instance, in FY2, NVIDIA’s expected P/E ratio rises to the highest at 32.77, compared to Intel's 20.02 and AMD's 29.02. However, I want to emphasize the substantial uncertainty in Intel's earnings forecasts. As shown in the next chart, the consensus estimates for Intel's earnings per share (EPS) in FY 2024 range from a low of $0.15 to a high of $0.31 (a more than twofold variation) and from a low of $0.65 to a high of $2.1 (an almost fourfold variation). Given such uncertainty, I believe investors should be cautious about relying too heavily on forward P/E ratios too far into the future. Both Intel and NVIDIA have experienced significant fluctuations in DIO over the years. Notably, both companies saw a spike in 2023 due to the COVID pandemic, which disrupted global supply chains. As the disruption faded, both firms saw a recovery (ie, a reduction in DIO). the difference in recovery is striking. Intel's DIO peaked at over 150 days in 2023 and has since decreased to 125 days a modest reduction but still above its historical average of 114 days. In contrast, NVIDIA's DIO surged to over 200 days but has rapidly dropped to 76 days, which is not only below its four-year average of 97.9 days but also near its lowest level in four years. I expect Intel to face increasing competitive pressure as rivals like NVIDIA and AMD roll out their next-generation chips, particularly NVIDIA’s Blackwell chips. I recommend potential investors keep a close eye on inventory data, as it can signal changes in competitive dynamics for the reasons discussed here. In addition to inventory issues and valuation risks, Intel faces a few other specific challenges. A significant portion of Intel’s current product lineup is concentrated in certain segments, such as PCs, which I believe are nearing market saturation plus a large share of Intel’s revenue comes from China. Given the ongoing trade tensions between the US and China, this heavy reliance on China poses a considerable geopolitical risk. These factors may limit Intel’s ability to adapt to technological advancements and shifting geopolitical conditions The potential for a QUALCOMM acquisition has emerged as a new major upside catalyst. While my outlook on Intel’s business remains pessimistic based on the latest inventory data, the acquisition possibility partially offsets these negatives, leading me to upgrade my rating from Sell to Hold or if you are risk taker like Me, load the dip
NASDAQ:INTCLong
by moonypto
Nvidia [NVDA] Top is in!! [S #1]---------------------------------------------------------------------------------------------- **First off, I have not posted in a while but the good news is I plan to become active and post consistently! I will be providing high quality signals, and only signals and analysis that I personally find worth showing. Any smaller less likely to succeed trades I will be avoiding. This will be a new series of content, I will label posts depending on category: = Signal (Expect clear and direct post, I will not be showing or explaining much of the TA) = Educative Post (I will be showing my Technical Analysis (TA) and teaching how it works) Since this is a new series of posts, I will label this post as the first signal (S #1) ---------------------------------------------------------------------------------------------- ***ALL ANALYSIS, SIGNALS, AND ANY CONTENT IS FOR EDUCATIONAL PURPOSES ONLY AND ARE NOT MEANT TO BE PROFITED OFF.*** ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Current Price which is $140,25 at market close, and $140.30 during the pre market. It is already starting to dip a bit during the pre market! This Signal is based from bearish divergences, price action, miscellaneous bear flags, and my special indicator. $135.24 $127.87 $122.71 Tight Stop loss: $142.52 Good Stop loss: $144.50 Loose Stop loss: $146.20 ---------------------------------------------------------------------------------------------- ***ALL ANALYSIS, SIGNALS, AND ANY CONTENT IS FOR EDUCATIONAL PURPOSES ONLY AND ARE NOT MEANT TO BE PROFITED OFF.*** ----------------------------------------------------------------------------------------------
NASDAQ:NVDAShort
by MarketAnalyzerFX
12
Berkshire Hathaway | No More Apple Pie & Bank Bread!No More Apple Pie and Bank Bread | Buffett’s Recipe for Market Caution Berkshire Hathaway has recently disclosed its earnings amid fluctuating around a $1 trillion valuation. A notable update is its continued reduction of stakes in overvalued assets, including a 20% decrease in holdings of Apple and Bank of America, boosting its cash reserves to $325 billion Although Warren Buffett himself isn't favoring share buybacks at present, Berkshire Hathaway stands as a compelling investment option Why Berkshire Hathaway's $325 Billion Cash Pile Signals Market Caution The company's net earnings remain subject to significant fluctuations due to rules requiring valuation changes of investment holdings. However, there was a slight decline in operating earnings, mainly driven by lower insurance underwriting income. Despite this, that segment is historically volatile, and year over year aka YoY, the company has maintained strong performance. Yea2date aka YTD, operating earnings have risen over 10%, totaling just under $33 billion compared to just below $29 billion last year. This points to an annualized earnings estimate of approximately $44 billion, implying a price2earnings aka P/E ratio of about 22, without factoring in over $320 billion in cash and significant investment holdings. Excluding cash and investments, the adjusted P/E ratio is closer to single digits. Share buybacks have paused, reflected in a ~1% decrease in the outstanding shares YoY, signaling Berkshire's assessment of current market valuations. Segment Highlights The various business units within Berkshire Hathaway showcase its robust asset base and earning capacity. Insurance underwriting income saw a sharp YoY drop, but other business areas performed strongly. Income from insurance investments remained solid, and BNSF, its railroad subsidiary, also showed strong results despite a double digit YoY decline. Berkshire Hathaway Energy continues its growth, cementing its position in the utility sector with significant renewable energy ventures. For context, NextEra Energy (NEE), with a market capitalization of $160 billion, posted quarterly earnings around 10% higher. Berkshire's other controlled and non-controlled businesses contribute over $13 billion annually, underpinning its diversification and consistent earnings performance. This strength across segments underscores its formidable financial health. Market Context Currently, market valuations are elevated by historical standards. Excluding periods of earnings dips, market enthusiasm is exceptionally high, with the S&P 500 P/E ratio nearing 30x, approaching levels last seen in 1999. Buffett and Berkshire appear to view a 3% yield from such a P/E as unattractive, especially when bonds offer higher returns. The 2008 Playbook Berkshire's track record of effectively utilizing its cash reserves is notable. Excluding its insurance float, the company still holds $150 billion in cash. During the 2008 financial crisis, Berkshire leveraged its liquidity for strategic investments in companies like General Electric, Swiss Re, Dow Chemical, and Bank of America, as well as finalizing the full acquisition of BNSF in 2010. This proactive use of capital proved advantageous. The current strategic sale of assets suggests Berkshire is preparing for potential market downturns. Given high S&P 500 valuations, reallocating part of an S&P 500 position into Berkshire Hathaway could be wise, ensuring exposure to a cash-rich portfolio capable of seizing future opportunities. Meanwhile, Berkshire’s earnings are valued lower than the broader market, potentially minimizing major downturn risks. Investment Risks A key risk is that timing the market is inherently challenging, with the adage "time in the market beats timing the market" serving as a caution. If Berkshire's market outlook is incorrect, its $300+ billion in cash could underperform while broader markets remain strong, which would diminish its appeal as an investment. Final Thoughts Berkshire Hathaway has taken the bold step of liquidating some of its most significant and priciest holdings, opting to incur capital gains taxes to increase liquidity. This move has bolstered its cash position to $325 billion, $150 billion above its float level. Meanwhile, its strong operational businesses continue generating healthy cash flow. Drawing on its successful strategies during the 2008 crisis, Berkshire appears to be positioning itself for another downturn amid current high market valuations. We advise investors to consider shifting part of their S&P 500 exposure into Berkshire Hathaway for enhanced diversification and potential benefits in a market correction, long story short Berkshire Hathaway remains a robust investment opportunity but wont make millionaire! What do you think moonypto fam?
NYSE:BRK.A
by moonypto
Chennai Petroleum's Sharp Drop Hits All Targets in 15m TradeAnalysis: Chennai Petroleum (CHENNPETRO) displayed strong bearish momentum on the 15-minute chart using Risological Swing Trader , leading to a successful short trade where all targets have been achieved. Trade Summary: Entry Level: 912.85 Target Levels: TP1: 859.65 ✅ TP2: 773.50 ✅ TP3: 687.35 ✅ TP4: 634.10 ✅ Stop Loss: 955.95 Key Points: Consistent Downtrend: The stock has followed a consistent downtrend, highlighted by the descending red moving average, indicating continued selling pressure. Sector Impact: The broader energy sector may also be experiencing pressure, impacting stocks like Chennai Petroleum. Recent economic shifts could be contributing to the bearish outlook. Conclusion: The Chennai Petroleum short trade has successfully reached all marked targets. This movement reinforces the bearish sentiment in the stock, offering potential opportunities for traders monitoring short positions.
NSE:CHENNPETROShort
by ProfitsNinja
2
AMAZON | AMZN , Jeff is back? While Jeff Bezos, fiancée Lauren Sánchez have star studded engagement party on his $500M yacht Amazon has just reported its Q2 2023 earnings result, EPS of 65 cents is not comparable on YoY basis nor to consensus due to the company booking some gains related to its Rivian Automotive, Inc (RIVN) investment. Revenue of $134.3 billion beat consensus by about 2% while showing a YoY jump by nearly 11%. As an immediate reaction, the stock is up nearly 8% after-hours, although this can turn on a dime.I wrote in my preview that Amazon still remains a revenue story and to pay attention to Q2's actual revenue and Q3's revenue guidance. Amazon hit it out of the park on both counts, with Q2 revenue showing an 11% jump and Q3 guidance of $138 billion to $143 billion, easily upping the consensus of $138.29 billion. As a direct effect of the company reining in on its expenses, Amazon's Free Cash Flow ("FCF") in Q2 2023 improved to almost $8 billon compared to -$23.5 billion in Q2 2022. Headcount is now down 4% YoY.Advertising, which I've highlighted as the next growth driver in many of my past articles, was up 22% YoY. But, more importantly, resumed its upward trajectory on a quarterly basis. Advertising services revenue showed continuous QoQ improvement until the first blip in Q1 2023. Whether Q2's upsurge is a new trend remains to be seen, but it is encouraging that Q2 did not follow Q1 down. I am also glad that my prediction that advertising will cross $10 billion in sales came true.It appears like retail has finally stopped bleeding profusely to avoid wasting all the gains from AWS and Advertising. In my view, retail is just their medium to sell their ecosystem, and this is acceptable to me. Heading into earnings, Amazon stock was almost into the oversold territory with a Relative Strength Index ("RSI") of 37. Revenue beat and guidance should help the stock garner more analyst support in the upcoming days, and I fully expect the stock's almost-oversold conditions to be in the stock's favor as it has plenty of room upwards technically. The after-hours move has also helped the stock clear all of the commonly used moving averages.AWS's revenue and operating income appeared to be on a perennial, mid-double-digit growth trajectory until recently. However, Q2 saw AWS' sales increase by "just" 12% while operating income fell by more than 5%. It is in this context that advertising services becomes even more important. While $22 billion is strong, it fell well short of the $25 billion I predicted, as the company aims to cross $100 billion in 2023 AWS revenue. The stock was already up 50% YTD heading into earnings and the run appears set to continue. I am not complaining as a long, but it shouldn't surprise anyone to see the stock pullback from the highs given the market's shaky behavior the last few days. Overall, Q2 results are much better than Q1, and that shows in the stock's performance, at least as shown in the after-hours price movement. However, Amazon has never been a single quarter or single year story for me. Amazon's ecosystem is enough reason for me to continue believing in the company long-term. The ability to leverage multiple products and services across the entire organization is not something any company can build overnight. In fact, even Amazon has taken nearly 30 years to be the company that it is today
NASDAQ:AMZN
by moonypto
5
COINBASE | COIN & SECCoinbase shares are up 35% since the SEC sued the crypto exchange for allegedly selling unregistered securities But Coinbase stock has bounced back, rising some 35% after dropping to a low of about $50 on the day that the SEC sued the U.S.’s largest crypto exchange. As of Wednesday morning, shares were trading near $70, and the publicly traded company’s market capitalization has risen to about $16.5 billion. The resurgence of Coinbase mirrors the broader boomerang of the crypto market in June, riding a Wall Streetfueled fever for Bitcoin that has lifted other cryptocurrencies and injected optimism into an industry that was reeling from a battery of enforcement from the federal government. The Coinbase stock has been rallying, the price of Bitcoin has been rallying, and then these two things usually play off of each other. Specifically, Bitcoin’s resurgence is tied to BlackRock’s recent filing of an application for Bitcoin spot exchange-traded fund, a surprising vote of confidence from the US.’s largest asset manager in the world’s largest cryptocurrency by market capitalization. Shortly after BlackRock’s application became public, the price of Bitcoin soared, notching its highest price in more than a year as a slew of other asset managers filed applications for Bitcoin spot ETFs, potentially opening up the cryptocurrency to trillions in dollars from brokerage accounts and pension funds. And where Bitcoin goes, so goes the broader market, as the total market capitalization of all cryptocurrencies jumped from just about $1 trillion to now about $1.17 trillion. BlackRock’s ETF filing was not only a vote of confidence in Bitcoin but also Coinbase. Its application listed the publicly traded crypto exchange as the custodian for holding the trust’s underlying Bitcoin. For them to continue and list Coinbase as a custodian for their ETF was a strong signal that these SEC allegations are not that big of a deal I think the market is telling us…the worst is behind us, as far as U.S. regulatory crackdown is concerned
NASDAQ:COIN
by moonypto
6
AMD Can it survive this horrific week?On August 13 (see chart below) we called the start of the new long-term Bullish Leg on Advanced Micro Devices (AMD), as a week before it entered the 2-year Higher Lows Zone and rebounded: Still, the road (green Channel Up) isn't without its hurdles, and one of them is this week where the price is again being brutally sold towards the Higher Lows Zone. Notice that during the previous 2-week correction (August 26 - September 03 1W candles), the Zone's top was tested and held. As a result, the multi-year trend remains bullish and will be this way for as long as the Higher Lows Zone holds. It is interesting to observe at this point that the Bearish Phase of this pattern (March 04 - August 05) was in the shape of a Bearish Megaphone and can be compared to the one that bottomed on October 10 2022 and practically started the new Bull Cycle. Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. Within this comparison, and if we plot the Fibonacci levels from the Leg's bottom to top, we can see that the first Bullish Leg also had a rejection on the 0.618 Fib level and pull-back below the 0.786 into the Higher Lows Zone. Obviously the current correction isn't ideal but it is not something we haven't seen and is within the tolerance levels of this 2-year pattern. We expect another +141.87% rally to be concluded on this Bullish Leg, so our Target is straight up $295.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
Estee Lauder’s 26% Plunge: Revenue Miss & All Short Targets Hit!Estee Lauder (EL) Stock Analysis: Estee Lauder (EL) saw a dramatic 26% drop, marking a significant bearish turn as all short trade targets on the 15-minute timeframe were swiftly reached. The chart reflects intense selling pressure, with shares plummeting after disappointing earnings and cautious guidance. Key Trade Details: Entry Level: 88.29 Target Levels: TP1: 87.89 TP2: 87.29 TP3: 86.58 TP4: 86.17 Stop Loss: 88.62 Key Market Insights: Revenue Miss and Guidance Withdrawal: Estee Lauder missed revenue expectations, reporting a 4% YoY decline, and pulled its fiscal 2025 outlook, signaling incremental uncertainty in the Chinese market and Asia’s travel retail sector. The company now plans to provide only quarterly guidance. Challenges in China and Travel Retail: Weak consumer sentiment in China and reduced demand in Asia travel retail, including low conversion rates in Hong Kong, led to a 5% drop in organic net sales, impacting overall performance. Summary: Estee Lauder’s sharp decline capitalized on bearish momentum, achieving all short trade targets quickly. The disappointing earnings, along with withdrawn guidance, underscore the headwinds Estee Lauder faces in a slowing global economy, particularly in Asia. This setup demonstrates the high-risk, high-reward potential for short-term trades in volatile stocks.
NYSE:ELShort
by ProfitsNinja
NVDIA Don't miss this opportunity. Can even reach $240.NVDIA (NVDA) gave us the most solid buy entry back on our August 08 signal (see chart below), following a -35% decline: Such declines are standard technical buy opportunities especially when taken place at the bottom (Higher Lows trend-line) of the 2-year Channel Up (since October 2022). As you can see, the stock made new All Time Highs (ATH) and as it remains below the middle of the Channel, the upwards potential is significant. As long as the 1D MA200 (orange trend-line) supports, we remain bullish on our original long-term Target ($190.00) but now we feel confident to target by the start of 2025 the upper layer of the pattern, setting Target 2 at $240.00 (Fibonacci extension 3.0). Note also that, as mentioned on our previous analysis, the current Bullish Leg continues to look very similar to the one that bottomed on October 2022. This is also evident on their 1D RSI fractals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
2
Tharimmune (THAR) Soars with Positive EMA Feedback!Analysis: Tharimmune (THAR) is showing strong upward momentum on the 15-minute timeframe, setting up for a promising long trade. Recent entry at 5.23, with clear targets ahead: Target 1: 7.31 Target 2: 10.69 Target 3: 14.07 Target 4: 16.16 Key Driver: Positive regulatory feedback from the European Medicines Agency (EMA) on Tharimmune’s TH104 clinical program for treating chronic pruritus in primary biliary cholangitis has fueled significant investor interest, pushing the stock upward. Technical Overview: The chart illustrates a breakout pattern with well-defined support and resistance levels. If momentum continues, the stock is positioned to hit all targets as shown using the Risological Swing Trader as investor confidence builds.
NASDAQ:THARLong
by ProfitsNinja
OLA ELECTRIC Plummets as Complaints Soar – BUT, We Made Money!OLA ELECTRIC Stock Analysis: Ola Electric (OLAELEC) recently experienced a significant downturn, with all targets met in a notable short trade on the 15-minute timeframe. The ongoing downtrend can be attributed to multiple external pressures: Massive Customer Complaints: India’s Central Consumer Protection Authority (CCPA) reported over 10,000 complaints within a year related to Ola’s after-sales services, billing inaccuracies, and delays. This high volume of complaints is unprecedented, prompting government intervention. Consumer Protection Action: Ola Electric received a show-cause notice from Indian authorities, demanding an explanation for the alleged violations of consumer rights and trade practices. The repercussions could include directives for customer compensation or even financial penalties. Service Overload at Centers: Numerous reports indicate that Ola’s service centers are struggling to keep up with demand, leading to extensive backlogs and dissatisfied customers. According to analysts, many centers appear overwhelmed, further deteriorating Ola's brand image. Market Sentiment Impact: Following these revelations, Ola’s share value has sharply fallen, reversing the gains from its August IPO. The stock has lost nearly 40% in recent weeks, with negative sentiment further amplified by viral customer complaints on social media. With external pressures mounting and consumer confidence waning, Ola Electric’s stock faces a challenging recovery path. The short trade setup capitalized on this decline, achieving all preset targets amidst the company’s reputational crisis. Key Levels: Entry: 93.86 Targets Achieved: TP1 at 90.87, TP2 at 86.04, TP3 at 81.21, TP4 at 78.22 Stop Loss: 96.27 Ola Electric’s road ahead remains uncertain as regulatory scrutiny intensifies and consumer trust continues to erode.
OShort
by ProfitsNinja
4