Technology
$TSLA on the road back to $900?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
My team and I undoubtedly agree that Tesla ($TSLA) has incredible potential and upside, both short and long term. Having someone as renowned as Elon Musk at the helm of operations adds a sort of "social equity." At its founding, Tesla took a large risk by attempting to cultivate and advance the electric vehicle scene. The company has ramped up operations in recent years, and appears to be ahead of its competitors in the electric vehicle space. This paired now with its current operations in the solar energy/energy alternative industry, Tesla is attempting to shift the market's normal consumer demands. These shifts are presently altering some trends that have been apparent for over one hundred years; i.e. the gas/oil automobile industry, as well as thermal energy powering many residential and commercial buildings in the United States.
Tesla has been going through a correction from a $900 price point hit earlier this January. Based on its chart, it appears that there is a support level at $550. Past that, there doesn't appear to be much structure on the charts, simply due to Tesla's huge run from $70 since March 2020 has not allowed for a clear trend and/or structure to emerge due to its huge value increase. The only trend that appears at Tesla's current price level is a bullish trend started in the middle of this past May. Tesla is at a resistance point on the charts currently, it has pushed to a $700 price point, and has bounced off of this resistance level 3 times. Regardless of this resistance, Tesla has clear bullish sentiment, and could break through this $700 price point in the next few weeks. Through its current pattern, this company has potential to hit a $1,000 price point. This price point will not be reached anytime soon, but the company could see itself in the $800-$900 per share price range before the end of 2021.
At its current price point under $700 per share, we believe this stock is undervalued. This price point could be a "golden-egg" entry for people wanting to hold Tesla for years to come. Whether attempting to hold $TSLA for the long, or wanting to turn some profit in the short, seeking an entry in $TSLA in its current state appears to make sense.
MY ENTRY: $610
STOP LOSS: $575
TAKE PROFIT 1: $775
TAKE PROFIT 2: $900
Check out my team over at @SimplyShowMeTheMoney
Members of our team are followed there.
VEON 52 Week Highs But Long Way To GoVEON finally popped its head over that pestering resistance level that it failed to break for months. Now the real fun begins (so to speak). It's back in this no-man's land that it hasn't traded in for some time. What I'm watching is to see if the resistance level finally becomes a new support. Then the tall task: filling and breaking back through that old gap.
"Veon Ltd (NASDAQ: VEON), for example, provides connectivity and internet services. In Pakistan, its operating company, Jazz, recently secured a roughly $320 million syndicated credit facility from a banking consortium led by Habib Bank Limited. This facility will finance the company’s ongoing 4G network rollouts and technology upgrades, among other things."
Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
Alibaba triangle breakoutAfter a long period of underperformance related to the Chinese government's crackdown on Jack Ma, Alibaba finally got an upside breakout from its triangle this morning.
Alibaba has had some recent analyst upgrades (although its Equity Starmine Summary Score is only up to 2.2/10 from its previous score of 0.9/10. It has also had some positive buzz. A couple of Alibaba-backed companies, DiDi and Xpeng, are soon to be listed on major new exchanges in Hong Kong and the US, and Alibaba is also in talks with Chinese state-owned enterprises to collaborate on a credit scoring business. Alibaba is also rising in sympathy with the ecommerce sector as a whole, which is outperforming the market right now.
BABA's forward P/E is down to about 22, which isn't bad for a mega-cap tech giant. According to Fidelity, BABA has a PEG ratio around 1, which is roughly fair value. I think you could do a lot worse than to buy BABA and hold for a long time.
What Technological Progress?? ..."Across all fields of science and technology, we find that the rate of disruptive scientific work is declining."
comdig.unam.mx
The full paper;
arxiv.org
Here is a novel idea; Stop drinking the Coolaid!
The return of tech leadership? $CRWD is doing the VCP NASDAQ:CRWD looking good. Formming a volatility contraction pattern (VCP), price above 20d, 50d and 200d MA , better than expected earnings for the last 3 quarters and the sector is having a good relative strength against the market. So, now I'll be waiting for the breakout above $227 to entry.
Another thing worth mentioning is that its price earnings ratio (PER) is negative, this means that its earnings are far greater in relation of its stock price and need catching up, which is starting, that is a good sign.
ASX: APX (Appen Ltd.): Breaking Out of Downtrend?APX has begun to give indications that it is breaking out of the long term downtrend (see the red trend-band borrowed from Mohammed_Seeker's post). Reasons to be cautious/remain bearish: 1. Stocks are in a seasonally bearish part of the year 2. APX looks like it has been rejected by the 50 day EMA and has been showing weak momentum 3. I do not see any major potentially bullish news events until the half-year results are announced in late August. Potential reasons to be bullish: 1. Yields (at least in US bonds) have been dipping significantly which is a positive for growth stocks like APX 2. A stronger dollar is a positive for Appen as most of its income comes in the form of USD from US tech companies. I will be eyeing setting up a long position if APX dips into the green accumulation zone I have shown before August.
JHM Going Reversal?JHM has been down trending for awhile. Will we see a new uptrend in the nearest time?
Dow DJI - NASDAQ divergence since June 7, sectoral study PART 2Dow (DJIA) - NASDAQ (IXIC) divergence since June 7, sectoral study PART 1.
Consumer Staples tracking the DJI downwards.
Will Fans...Unite?FANS back at historic resistance from a few weeks ago. With the murmurs of excitement in esports, looks like things are picking back up from related names. The biggest question is will the momo keep going or does it fail at resistance again? Still really light on the newsflow so could just be sympathy sentiment driving momentum.
"FansUnite has also achieved several fundamental milestones in the last few months. Namely, the company entered a brand partnership with Cash Live Inc. The goal of this deal is to launch FansUnite branded live games on the Cash Live mobile app. The company already has a minority interest in Cash Live, which offers a free-to-play gaming app designed for mobile devices. The tech start-up has a poker and social casino game show platform with daily live-streamed shows paying out real cash to winners."
Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
#NASDAQ NQ100 showing plenty of divergenceThe weekly chart of the Nasdaq 100 is representing classical bearish divergence (Higher highs in price not being confirmed by lower highs in the RSI indicator). This is telling me that momentum is slowing and we could expect a rapid decline in price at any moment. As this is a weekly chart, it can take some time but this is just a warning and I would strongly advise against chasing the Tech stocks while the divergence situation is evidently president.
ETSY reversal in motion?ETSY Daily TF
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Analysis
Etsy holding a strong support trendline with a gap to fill at 181.61. Convertible offering yesterday caused the stock to drop nearly 4% after hours. However, $ETSY was quickly bought up today and closed strong above yesterdays (6/8/2020) close. Getting close to crossing the 20d ema and looking primed to retest that downtrend resistance line. Ideally would like to see a strong push over 175 and hold for continuation. Long Term outlook is looking stronger with recent acquisition of Depop.
Targets: 181, 190+
Key Levels
Support: 162, 153.86
Resistance: 172.58, 175.50, 181
Trade Ideas
1. Shares
2. 1-2+ week out calls (atm/ otm)
Quisitive Technologies, $QUIS.V Bottom In? Utilizing Linear Regression at Standard Deviations at 3,2,1,-1,-2,-3 You should see these data lines captures the trading range of Quis. The Time of the plot was adjusted to 175 to best capture what I think is the relevant data lines capturing the tops and *perhaps* now the bottom.
I have personally added here to a long position. Last week and today. The Link below is to my notes on the most recent earnings call. It can provide more colour as to how we got to where we are today. There is further work on my substack to add even more of a background.
Please do your own DD and follow your trading rules before entering.
All the best,
Luke
WINT - Ready to Double 😵-Windtree Therapeutics Inc (NASDAQ:WINT) shares are trading higher by 32% at $2.63 in Friday's premarket session after Oppenheimer initiated coverage on the stock with an Outperform rating and an $8 price target.
-Windtree Therapeutics is a development-stage biotechnology company focused on developing KL4 surfactant therapies for respiratory diseases. The company's technology platform includes a synthetic, peptide-containing surfactant and novel drug delivery technologies that deliver aerosolized KL4 surfactant without invasive procedures.
-Windtree's development program utilizing its proprietary technology platform is AEROSURF that is being developed for the treatment of respiratory distress syndrome in premature infants. It operates in the business segment of research and development of products focused on surfactant therapies for respiratory disorders and diseases, and the manufacture and commercial sales of approved products.
Looking For CHNTECH Bullish Signal On HourlyCHNTECH is in the bullish area on the daily chart on the left. A bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly low in conjunction with risk management techniques.
XMR/BTC Atomic Swaps a major bullish technical developmentXMR can now be traded directly to Bitcoin without an intermediary exchange on their native Blockchains using a technology called an Atomic Swap. This differs greatly from other so called swap platforms that only allow internal trading between ERC20 tokens, the major difference being that the XMR/BTC swaps are trading actual coins with their own blockchains not wrapped coins or some other semantics. This has a few major implications for the future price of XMR we will explore in this analysis.
1. XMR/BTC Swaps are being added to both XMR Wallets such as Monerujo as well as popular Bitcoin wallets such as Samurai wallet. Greatly expanding the exposure of Monero to many BTC users who will be learning about its competitive features for the first time so we should expect some uptake of Monero from simple exposure as well as the low cost and ease diversifying some BTC to XMR. Many users find getting Monero more difficult than other tokens because exchanges like Coinbase do not list it even though they would like to have exposure.
2. This technology increases the regulatory resilience of privacy tokens because now anyone with XMR can get BTC and vice versa easily so banning privacy coins has no effect unless you ban all coins which can be traded for privacy coins through atomic swaps. Regulators have to balance the need to trace all transactions with protecting users against having their information exposed to bad actors and front runners. Monero has the ability to be semi transparent so users can pay taxes audit balances without giving everyone access to the sensitive user information. Monero will provide users the important protections they deserve and push regulators to take a balanced measured approach.
3. Monero fees are significantly lower than Bitcoins fees which means in any situation where both BTC and XMR are accepted users would be inclined to use the XMR to save the large fee. XMR is the only POW coins with such low fees and no ico, dev tax, pre mine, masternode, presale where in Monero everyone mines equally ( a key to bitcoins success and the thermodynamic underpinnings of the economic system ) which will in turn incentivize users to pay with Monero not Bitcoin.
4. It is cheaper for users to HODL Monero and convert it to Bitcoin where necessary than to HODL Bitcoin and convert it to Monero when necessary. Imagine Bob wants to buy steam cards and the site accepts both BTC and Monero. Bob realizes that when he pays with BTC his transaction fee is almost $20 and that when he pays with XMR his transaction fee is more like $0.2 but another site that Bob uses frequently accepts just Bitcoin. Bob realizes that if he keeps his money in Bitcoin it will cost him a high transaction fee every time he wants to convert it to Monero so he would never save anything by using Monero to buy his Steam cards because hed have to create Bitcoin transactions which defeats the point because now your paying $20 to convert the BTC into XMR and again to send the XMR to the merchant. By contrast if he keeps his money in Monero he will save where Monero is accepted and it will cost him just $0.2 to convert his Monero into Bitcoin when he needs or wants to.
5. Tari is a platform for issuing tokens ( like erc20) as an XMR sidechain. The atomic swaps will allow for easy conversion between Monero, Tari based tokens and Bitcoin without an intermediary. Most token platforms will be inclined to convert their platform over to Tari from ETH or Binance because its far more decentralized, easy to convert to both BTC and Monero, the tokens can be private or transparent and the transaction fees are much lower than ETH gas.
This also applies to Monero based alt coins such as WoWnero which can adopt the swap technology as well. ( If you use alts look for ones with no dev tax, presale, ico, POS, premine but rather a coin which everyone even the creators mine equally )
It's just the beginning of the 3rd wave of Elliottcrab harmonic pattern:
AB=0.61 XA
BC~0.88 AB
tp1=1.6 BC=$21.7
tp2=2.6 BC=$55
tp3=1.6 XA=$61
tp3=3.6 BC=$142
$PUBM Lockup ends June 1 which should help complete Downtrend$PUBM Will be adding this to my watchlist. Very oversold. Lockup agreement ends June 1 which should help us complete the downtrend. Upcoming investor conference June 9. Low shares-float and high short-float of 46%. Great risk to reward if position managed properly.
www.sec.gov
twitter.com
Intel just popped through a resistance lineThere's some chatter in both the US and Europe about subsidizing chip manufacturing to help deal with the semiconductor shortage. That has sent chip stocks surging today, including Intel. I like Intel a lot, because it's quite reasonably valued for a chip company and has lots of plans for expanding its manufacturing capacity, which means it's poised to be a big beneficiary from any subsidies. Here are some vital statistics:
forward p/e: 12
forward p/s: 3
p/fcf: 12
forward div yield: 2.6%
patents per year per B$ market cap: 14
upside to median 4-year valuation: 8%
upside to average analyst price target: 20%
average S&P Global fundamentals rating: 70/100
average analyst score: 8/10
esg score: above average
put-call ratio: 0.9
Honestly, I think this is a long-term buy-and-hold. I had hoped for a dip to $52.20, but it looks like we may not get that low. Look for a close above resistance as confirmation of a breakout here. If we pull back and close below the resistance line, that's a signal that we may continue down to $52.20 after all.
