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$BABA earnings analysis*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today my team took a dive into Chinese online and mobile commerce company Alibaba $BABA. It has suffered an immense drop from its 52-week ranged high of $280.61. There are numerous events that factored into this sell-off, but we are not here today to discuss them. Instead we will focus on why $BABA is a hot earnings play for November 18, 2021. To start, its strong cloud services will likely have shown improvement as they have implemented many new features the past few months to their cloud offerings. This is important because even if they miss earnings tomorrow investors/shareholders may still be encouraged if its cloud strength continues to show progressive results. Another factor that we are fond of is the apparent head and shoulders pattern that is being formed on its chart. This along with a pre-earnings dip of -4% has gotten us very interested in this play. My team started a long $BABA position today at $161 per share. We will add more shares if a drop occurs, which is possible considering that this is still a fairly risky play. Our Entry: $161 Take Profit 1: $180 Take Profit 2: $193 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BABALong
by SimplyShowMeTheMoney
9
$MIRM november update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team entered $MIRM on 10/29/21 at $15.70 per share. Our first take profit is at $26. Mirum Pharmaceuticals $MIRM released their 3rd quarter earnings today after market close. In this report they announced a loss of -$1.55 per share on revenue of $5.0 million. This earnings beat is staggering, especially when acknowledging the fact that the revenue consensus was only $0.8 million. $MIRM is still an under the radar company currently, but a revenue beat of 502.4% will definitely turn some heads. In addition, post-earnings five insiders accumulated a vast amount of shares. These insiders know what's coming, and lucky for us we do too. Our first take profit is honestly a huge underestimate of this companies potential, and in the future we may have to make some major adjustments. This is a buy and throw away the key type of investment. My teams holding! Will you? OUR ENTRY: $15.70 FIRST TAKE PROFIT: $26 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MIRMLong
by SimplyShowMeTheMoney
4
$RMO we hit and quit for a 18% gain*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: On November 2, 2021 my team entered lithium-ion battery company Romeo Power $RMO at $4.45 per share. Our first take profit was set at $5.25. $RMO released their 3rd quarter earnings report today after market close. In this report they reported a loss of $0.20 per share on revenue of $5.8 million. After this announcement $RMO experienced a very brief price jump to $5.70, but since then it has trickled back down to $4.78 per share. My teams first take profit was hit post-market at $5.25 per share today. We sold all of our shares at $5.25 as we anticipate $RMO to stay within the $4-$6 range until they get around to announcing their 4th quarter earnings. We believe that this price range is a fair estimate, however this could change on the drop of really good or bad news. We still believe in $RMO long-term, however we did not have enough sentiment to continue holding once our first take profit was hit today. My team has made a gain of 18% from this trade. Congrats to those of you who took this trade with us. ENTRY: $4.45 TAKE PROFIT 1 (HIT): $5.25 TAKE PROFIT 2: $7.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
RLong
by SimplyShowMeTheMoney
4