Long $GRMN - GARMIN. GRMN.NAS Long GRMN.NAS- @ best price available below 160. Currently trades @ 155
TA Highlights
- RSI @ 24 and turning upwards. (add more on break of 30)
- Bounce of 200 DMA
- Bounce off lower Bollinger bands( on the 3 previous occasions this occurred in 2020, the stock went on to return 8.8% in the next 20 days.
FA Highlights
- CAPEX increased from 185m (2020) to 385 (2021) and managed to hold a steady cash flow. Should pay off in 2022
- R&D expense increase from 605M (2020) to 705M (2021) $705M. Should pay back with new to market products in 2022.
Sector Highlights:
- Garmin has 'moat' on marine and aviation GPS systems.
- Aviation: revenue expected to normalize back to 2019 levels in Q1 and through 2022.
- Fitness: European market for wearables increased 28.5% yoy through Q1 2021. Garmin fitness revenues increased by 31.5% suggesting increasing market share.
TECH
GOOGLE REACCUMULATION!Hello my beauties.
I think Google is completing a phase of reaccumulation, and it might jump above the trading range soon. The arrows do not indicate exact price action, and the trade setup needs to be verified through accurate observation of the developing event in the price action.
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Peace.
Luca, TrickleDownFX
SECOND POSSIBLE SCENARIO FOR HP! DISTRIBUTION!Hello my beauties.
We will wait for the price to move towards the top of the range and give us some more indications. I tend to think that HP is going to show strength regardless, but I would like to react to the price rather than predict it. What looks like a Spring (quick weakness in the price followed by a rapid recovery within the range). The price might also provide the Wyckoff events outlined in this analysis, so we still need to wait for some more information before we can delineate a clear trade setup. Remember that the lines don't intend to predict price action exactly, rather give us a general view of the events that will follow based on the Wyckoff trading strategy.
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Peace.
Luca, TrickleDownFX
TWO SCENARIOS FOR HP ACCUMULATION OR DISTRIBUTION?Hello my beauties.
I think HP might be accumulating. The range is clearly defined, but we need to understand whether this was a spring or a sign of weakness. Regardless, we will wait for the price to react to the top of the range by whether breaking it and retesting it successfully, or by breaking out and quickly recovering beneath the red line.
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Peace.
Luca, TrickleDownFX
$EVH Merger with Walgreens Will Not Happen Sources SayWe all come here to notice that Walgreens is not interested in the Merger with EVH after digging into the company earnings and realizing there's a conflict of interest in proprietary technology. A Merger makes no sense any more spokesman said. "We'd like to notify private investors today to let them know that the deal doesn't seem to fit our model anymore as far as the health care management software Evolent has to offer" - Walgreens
WACC% 15.48
ROIC -3.73
Operating Margin -4.18
Net Margin -7.28
ROE -11.23
ROA -5.35
3 Year EPS NRI Growth Rate -61.20
Net Income Operations -72.27 70% Worse than 606 companies
Sloan Ratio -42.26
ROCE -4.49
1 Year Asset Growth Rate -7.30
1 Year Debt Growth Rate -21.80
1 Year OCF -881
1 Year Total Growth Rate 8.80
1 Year Revenue Rate Per Share 5.70
ATER heading back to $20?Not a financial advisor.
ATER has recently pulled back after seeing movement back to the $18ish area. (Extended Hours)
I previously stated that I have a price target of $25. I believe we have the potential to see that fairly soon.
If we manage to get over the 50 MA on the daily, see a little retest of breaking past that, we should see the movement coming to bring us to that $20 area.
So if we can get ATER to run close to that 13.08 fib then retrace creating divergence for an up coming bounce off the 50 MA around 12.14 area. That should give us enough pop off momentum to get back to that $17 range. From there I would think we would need a little extra cool off to gain the power to retest / breakthrough that $20 resistance.
Higher timeframes have more room. Just calling it how I see things unfolding. Chime in with your thoughts, always great hearing others voice their thoughts.
$TSLA Just in case you've been blinded and forgot the bigger picture. Been awhile since I've updated my long term Tesla chart for you guys.
btw I'm positioned long already, the entry for long term was honestly awhile ago. Just created this in case some people didn't get in yet and were interested in R/R from here.
Target: $1000 by Q1 2022, then $1500 by August 2022.
$TSLA | WEEKLY WATCHLIST 9/27My top watch this week! I am already positioned in shorter term calls (10/1 and 10/8) from last week. Looking to complete the wave 3 impulse around $793-795 before a minor retracement.
Ultimately seeing higher towards the $836 and $900 region.
**A BREAK OVER $780 IS CRUCIAL THIS WEEK FOR BULLISH CONFIRMATION**
$GOOGL | WEEKLY WATCHLIST 9/27Another name that we called the bottom on perfectly. No changes since the last time I posted. Bounced exactly where I showed on the chart. Now, looking for breakout above the red resistance line. Please note the descending broadening wedge pattern which is BULLISH!
Looking to enter a long position on break above red resistance line to test $2900 and ATH.
$AMZN | WEEKLY WATCHLIST 9/27After calling the top and predicting the bottom, I'm feeling fairly good about this count. As long as the low around $3304 holds, I am looking for more upside to ultimately hit my $3782 target by November.
Please note we have not completely filled the daily gap yet.
Will look to go long over $3434.
$AMD | WEEKLY WATCHLIST 9/27AMD has been quite frustrating throughout this wave 4 pullback. Possible we see a breakout of this extended bullish falling wedge to play upside in the next 1-2 weeks. Looking to retest the $114 level, above that we get a larger breakout to ATHs.
However if we reject the falling wedge resistance here, possible we see waves D and E to complete an ABCDE corrective wave, rather than the proposed ABC above.
Will go cautiously long over $107.
$AAPL | WEEKLY WATCHLIST 9/27Watching for a move over $150 to help confirm that the wave 4 corrective phase is most likely complete. Will look to eye a long entry swing from there. Until then, will be on the sidelines since a further retracement to test the $139-140 level first is still a possibility.
TESLA a break above 775Shares closed 2.75% higher to 774.39 in stock market trading Friday, breaking out past a 764.55 buy point in a cup-with-handle base.
Shares have found support near their 21-day exponential moving average. Its relative strength line is trending upward, as its 50-day line is also sloping up again.
Tesla's RS Rating is 85 out of a possible 99. Its EPS Rating is 72.
Among U.S. automakers with a growing slate of EVs, General Motors (GM) and Ford (F) each rose 0.5%. Recent IPO Lucid Motors (LCID) fell 3%.
Tesla's China-based rivals Nio (NIO) declined 1.5%, Xpeng (XPEV) dipped 2.5% and Li Auto (LI) ended the day mostly flat.
For more info check out my bio.
$AMD and end of September Semiconductors...Here are some zones to ponder for NASDAQ:AMD next week. I have some larger bear and bull scenarios, but this is my little short term sliver of FRIDAY NIGHT FORESHADOWING.
Bullish in the blue, bearish in the red. Beware fakeouts!
Get on board, buddies!!!
-- patrick
The biotech era possibilities: reverse aging, cure cancer, ...A little intro to the biotech cycle... It could be real big.
RNA technology can do a little bit more than tell your genes to produce spike protein.
It could be used to fight cancer.
It could also be used to increase life expectancy from 75 years to perhaps 90.
And more importantly, make people age slower as well as kill "deficient" cells involved in aging.
This means "prime" and "old age" would go from 25-50 and 50-75 to 25-60 and 60-90. Can you imagine?
Of course this is not eternal life, but us humans prime for what seems like such a short time, especially as our life expectancy increase.
You get to 25 and it's a race. By 50 it's over. At 35 you're already basically halfway through and missed on so much prossibly.
But if you got until 60 then it would make a significant difference. You life would not be "over" just a few years after reaching adulthood.
A while ago they came up with solutions but they had a little downside: it was highly cancerigenous.
Research has improved, and if people don't revert to the stone age soon (no guarentee about that), it will continue.
Plenty of treatments (injections, drugs, not RNA modifications) have been tested, and we have seen "70 year old" mice run faster than "25 year olds".
They have been tested on various mammals and plants. And to my knowledge, 1 human. David Sinclair, a genetician that looks at least 10 years younger than he is.
Not going to lie, the first people to get access to this, after the innovators (the few professors testing it on themselves) will be rich people.
Anti-ageing through DNA therapy got to be cheaper and work better than weekly injections of 5 products + 25 other products to counter the side effects.
RNA also is used to fight rare diseases, genetic disorders, but this concerns a tiny part of the population.
It's nice and all, but let's be honest, most people care way more about increasing everyone's (and their) healthy life spans.
Other uses:
Vaccines. Obviously.
Hunger management (you could also just ban obesity like Japan or ban the industry from dumping trucks of sugar and salt in their food to make people hungry).
Faster fracture repair (maybe send gene instructions temporarly)
Cure all sorts of handicaps (up to 10% of the population)
Less very dumb people (that are unemployable)?
Hair loss
Color blindness
Finally fix these teeth constantly getting damaged by bacteria
Regrow an arm?
Some cool sci-fi stuff? X-ray vision maybe?
Idk unlimited possibilities
A huge market bubble since "unlimited possibilities" Oh I can already see it
Right now they are showing the population that RNA tech isn't scary by using them all (most of the pop) as guinea pigs and force vaccinating a lot of people.
But I think they are calming down. These guys aren't that bright but at some point they might figure out if they insist too much they will alienate people and make them ultra-conservative and anti-vaxx and anti-everything. The boomers in power don't have long, so of course they are in a hurry to push this tech at any cost. Funny. They are desperate. The only western president that is young is Macron and OF COURSE his wife is like 80 or something.
The risk is MOAR mass hysteria, MORE euphorism, so I think ultimately people will get greedy and go after more and more half tested rushed treatments, and traders should know the outcome: eventually, a catastrophe. Mass deaths followed by reverting back to ultra conservative values.
Good buy on the next major bear market (this company or whichever one survives). But investing in this is not even the most interesting part.
SPYR Tech Company - Big play in effect! BULLISHLow cap penny stock, just released their apple play products, and have a big 50,000 ad marketing campaign for their products starting in october.
this has also retraced to the perfect areas as seen on the chart.
finding support, retracing to the top of the last breakout peak perfectly
and momentum is starting to turn green last 30 days.
with the bottom in, high obvoious volume coming in recently,
along with their new advertising with new products just released this year.
TSLA second wave of correction Decision levels to watch action at are 704, 637.
IF market moves with sharp or progressively grinding lower lows through these levels
THEN assume targets of 450, then 385 by November
ELSE market enters an extended triangle-like sideways market with equilibrium range 590-710
$AAPL | WEEKLY WATCHLIST 9/20Watching $140-144 for a solid bounce to complete the wave 4 pullback. Great swing play contender if the conditions are met. Please do note we lost minor support trend line last week, just to keep on watch. Must wait for bounce confirmation before entering because of the weakness shown last week.
Goodluck!