NAS 100 D TFGood morning, everyone.
Using a combination of the Elliott Wave Principle and the RSI from the Day TF, I believe the price will reverse to the following areas identified on the workspace:
- 1st TP: 19,762
- 2nd TP: 19,526
Typically, when the price reverses or has reversed 3-5 times from the same support or resistance area, it indicates a strong zone. The price has previously reversed at least four times from both the oversold and overbought areas on the RSI.
RSI (Relative Strength Index) Breakdown:
- The RSI is a momentum oscillator that measures the speed and change of price movements.
- It ranges from 0 to 100.
- Traditionally, an RSI above 70 is considered overbought, and an RSI below 30 is considered oversold.
- These levels can indicate potential reversal points in the market.
Elliott Wave Theory Breakdown:
- Elliott Wave Theory suggests that market prices move in predictable patterns called waves.
- There are two types of waves: motive waves and corrective waves.
Motive Waves (Waves 1 through 5):
1. Wave 1: This is the initial move in the direction of the main trend. Often, this wave is not very strong and may go unnoticed as the new trend is just beginning.
2. Wave 2: This wave is a corrective wave and moves against the direction of wave 1. It usually retraces a portion of wave 1, often between 38.2% and 61.8% of the first wave's move.
3. Wave 3: This is typically the strongest and longest wave in the five-wave sequence. It moves powerfully in the direction of the main trend and often exceeds the end of wave 1. Wave 3 usually captures the attention of traders and is characterized by increased volume and momentum.
4. Wave 4: This is another corrective wave that moves against the direction of wave 3. It usually retraces a portion of wave 3, often between 38.2% and 50%. Wave 4 is typically less intense than wave 2.
5. Wave 5: This is the final motive wave in the sequence. It moves in the direction of the main trend and often equals the length of wave 1. Wave 5 is usually characterized by lower momentum and may create a divergence between price and technical indicators.
After the completion of waves 1 through 5, the market typically undergoes a three-wave corrective phase labeled A, B, and C, which moves against the overall trend established by waves 1 through 5.
Fibonacci Retracement Levels and Corrective Waves:
- Fibonacci retracement drawn from waves 4 to 5 suggests that corrective wave (a) may fall between the 38.2% and 50% retracement levels.
- When drawn from wave 5 to wave (a), corrective wave (b) may fall between the 38.2% and 50% retracement levels.
- When drawn from wave (a) to wave (b), corrective wave (c) may fall between the 138.2% and 161.8% retracement levels.
However, keep in mind that the price can be unpredictable, so always trade with caution. This is not trading advice; always use your own analysis. Please feel free to comment, provide corrections, advice, or any positive input.
Thank you, and have a great day.
Tiktok
SNAP: $10 | Bleeding Stopped
2023 should be a come back
with revenue | profit improving though in the negative area
bleeding has subsided
one quarter was positive in 2022 yet
price barely went up or down
it just hovered along $10 +-15 levels
Tiktok is around $200bn as bytedance valuation
this at $15bn needs a campaign to revive it's HYPE back in the day
Snap's Stock Surge 5.23% Amidst TikTok Turmoil:In the ever-evolving landscape of social media, rivalries often dictate market dynamics and investor sentiment. The recent flurry of legislative activity surrounding TikTok, the hotly popular social media platform, has cast a spotlight on its American counterpart, Snap Inc., the owner of Snapchat. As the U.S. House of Representatives deliberates on measures to either transfer ownership or ban TikTok in the United States, Snap's stock witnessed a notable surge, signaling a renewed focus on the dynamics of the social media landscape.
Legislative Turmoil and Market Reaction
The brewing legislative storm surrounding TikTok has triggered a flurry of market activity, with investors closely monitoring developments. As House Speaker Mike Johnson spearheads efforts to compel ByteDance, TikTok's China-based owner, to divest its U.S. operations, Snap's stock experienced a significant uptick, closing 4.7% higher amidst broader market fluctuations. The stark contrast between Snap's bullish performance and the slight slump of the S&P 500 index underscores the market's keen interest in the fate of TikTok and its implications for industry competitors.
TikTok's Fate Hangs in the Balance
The proposed legislative measures aiming to either facilitate TikTok's divestiture or enforce a ban in the United States have injected uncertainty into the social media landscape. While lawmakers rally behind foreign aid bills that could incorporate the TikTok measure, questions linger regarding the potential repercussions for NYSE:SNAP and its business operations. The looming possibility of TikTok falling into the hands of a formidable American competitor raises concerns about intensified rivalry and market disruption.
Bullish Sentiment vs. Real-World Implications
Amidst the speculative fervor surrounding TikTok's fate, questions arise regarding the tangible impact on Snap's business trajectory. While the market's bullish reaction suggests optimism about Snap's competitive positioning, skeptics caution against overestimating the implications of TikTok's potential divestiture. The likelihood of legal challenges and constitutional debates surrounding the proposed measures adds layers of complexity to the unfolding narrative, tempering expectations of a straightforward resolution.
Navigating Uncertainty: Snap's Strategic Outlook
As NYSE:SNAP navigates through the tumultuous waters of legislative uncertainty, strategic foresight and adaptability emerge as key pillars of resilience. While market dynamics may fluctuate in response to legislative developments, Snap's focus remains steadfast on innovation, user engagement, and long-term growth. The company's ability to weather regulatory storms and pivot in response to evolving market dynamics underscores its resilience and commitment to shareholder value.
Conclusion: A Rivalry Redefined
The intersection of legislative scrutiny and market dynamics has reshaped the narrative surrounding NYSE:SNAP and its rivalry with TikTok. While legislative turbulence may introduce short-term volatility, Snap's enduring focus on innovation and user-centric experiences positions it for sustained success in the competitive social media landscape. As the saga unfolds, investors and industry observers alike await the next chapter in the evolving rivalry between NYSE:SNAP and TikTok, poised at the intersection of legislation and market forces.
META: TikTok-Induced Correction Afoot It looks like NASDAQ:META has found a meaningful top as more technical signals agree a short setup has formed.
Three significant trendlines have been broken, and today a significant fib retracement level was neatly rejected as TikTok drama continues its inevitable path of escalation.
It's tempting to immediately target the gap below, but there is a POC on the 4H that is perfectly confluent with the .786 fib retracement level that I would expect to act as a strong support level temporarily.
Technicals aside, META will certainly get caught in crossfire of some sort from further regulation of social media. Social media companies will likely struggle in sympathy as the situation continues maturing.
With an extraordinarily overheated macro backdrop, and an incredibly delicate geopolitical landscape, NASDAQ:META is liable to be put under additional pressure on its decline.
GOTO: Price Action Analysis After TikTok's AcquisitionTikTok, owned by ByteDance Ltd., has entered into a significant agreement to invest $1.5 billion in a joint venture with Indonesia's GoTo Group. As part of this deal, TikTok will acquire 75.01% of GoTo's PT Tokopedia for $840 million. This strategic move involves integrating TikTok Shop's Indonesia business into the expanded entity, marking TikTok's return to the e-commerce landscape in Indonesia. The partnership aims to navigate and strengthen the online retail market, presenting a substantial investment by TikTok in the region. The acquisition is set to reshape the e-commerce landscape and boost market competition.
The initial market response has been negative, potentially influenced by profit-taking after a strong run-up. Some analysts believe the negative sentiment could stem from concerns regarding the impact of the acquisition on both TikTok and Tokopedia's market positions.
Now, Let's delve deeper into the technical analysis of GOTO
After facing multiple rejections around a significant resistance area and a dynamic resistance line (EMA 200 Line), the price exhibited the formation of a rising wedge pattern. This pattern, marked by two converging upward-trending lines, saw a subsequent breakout characterized by a bearish Marubozu candlestick and a notable increase in trading volume. This occurrence suggests a continuation of the bearish trend, emphasizing the strong selling pressure in the market. The confirmation of this potential bearish scenario is further supported by the MACD Indicator, which exhibited a death cross. The convergence of these technical signals indicates a robust indication of ongoing bearish momentum toward the target area.
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:GOTO ."
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Snap may benefit from the TikTok ban. Trading idea 14/03/2024The US House of Representatives has passed a bill to ban TikTok in the US due to concerns over the platform's ties to China. The Senate will next consider the matter. According to analysts at CFRA Research, Snap Inc. stands to be the primary beneficiary of a TikTok ban. The app's audience overlaps that of TikTok, which could allow the issuer to increase its active users and likely lead to higher ad sales volumes and company revenue.
Let's turn our attention to the stock chart of Snap Inc. (SNAP).
On the daily (D1) timeframe, a support level has been established at 11.11, with resistance forming at 12.65. As the quotes have rebounded from the lows of late February this year, we are witnessing the start of an upward trend.
On the hourly (H1) timeframe, long positions might be attractive upon breaking through the 12.65 level, targeting a short-term goal of 15.18. Maintaining a long position up to 17.92 could be considered in the medium term.
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Rumble Surged By 21%: From Video Streaming to Cloud Computing Rumble (NASDAQ: NASDAQ:RUM ) is making waves in the tech world, with its shares surging 21% following two major announcements. The streaming video platform, known for its stance on censorship-free content, has expanded its horizons by venturing into cloud computing services. Moreover, Rumble's bold ambition to acquire TikTok adds another layer of intrigue to its growth story. As the company charts a course to challenge big tech giants and carve its niche in the digital landscape, investors are taking notice of its innovative strategies and disruptive potential.
Challenging Big Tech Hegemony:
Rumble ( NASDAQ:RUM ) has positioned itself as a viable alternative to mainstream platforms like YouTube, offering users a censorship-free environment for content creation and consumption. Now, with its foray into cloud computing services, Rumble ( NASDAQ:RUM ) seeks to challenge public cloud companies, further solidifying its stance against centralized control and censorship. The launch of Rumble's cloud platform underscores its commitment to empowering users and providing robust alternatives in the digital sphere.
TikTok Acquisition Ambitions:
CEO Chris Pavlovski's announcement of Rumble's ( NASDAQ:RUM ) interest in acquiring TikTok from ByteDance sent shockwaves across the tech industry. With Congress mulling over the fate of TikTok and the potential for divestment, Rumble ( NASDAQ:RUM ) sees an opportunity to step in as a buyer. By acquiring TikTok, Rumble aims to not only expand its user base but also challenge the dominance of platforms like Meta Platforms (formerly Facebook). However, the feasibility of such a deal remains uncertain given the substantial valuation of TikTok's U.S. operations.
Cloud Services: A Game-Changer for Rumble:
While the prospect of acquiring TikTok garners attention, Rumble's cloud computing services hold immense potential for long-term growth. As the infrastructure-as-a-service market continues to burgeon, Rumble's ( NASDAQ:RUM ) entry into this space opens up new avenues for revenue generation and market expansion. With the potential to tap into a market projected to reach $500 billion by 2030, Rumble's ( NASDAQ:RUM ) cloud services could be a game-changer for the company's trajectory.
Future Outlook:
As Rumble ( NASDAQ:RUM ) embarks on its journey to reshape the digital landscape, investors await further insights into its cloud services during the upcoming financial results announcement. While the TikTok acquisition remains a tantalizing prospect, the real value lies in Rumble's strategic pivot towards cloud computing and its commitment to providing innovative solutions in an ever-evolving tech landscape. With ambitious aspirations and growing momentum, Rumble's ( NASDAQ:RUM ) ascent promises to be an intriguing saga worth watching unfold in the months ahead.
From TikTok Partnership to Fitness-as-a-Service Triumph
Peloton Interactive Inc. (NASDAQ: NASDAQ:PTON ) has embarked on a series of strategic initiatives to revitalize its subscriber base and global brand presence. From a groundbreaking partnership with TikTok to the innovative fitness-as-a-service (FaaS) model, Peloton is making waves in the fitness industry. This article explores the recent developments that have contributed to Peloton's impressive stock surge and analyzes the potential for sustained growth.
TikTok Partnership: A Social Fitness Revolution
In a bold move, Peloton has joined forces with TikTok to tap into the immense popularity of the short-form mobile video platform. The introduction of #TikTokFitness marks Peloton's foray into customized social content, including live classes, class clips, and celebrity collaborations. This strategic alliance not only enhances Peloton's global brand awareness but also positions the company to leverage TikTok's influence on culture and consumer behavior.
The market responded positively to the news, with Peloton shares jumping 9.6% to $6.72 but plummeted 7.4% in todays trading session, reaching their highest close since August 2023. This collaboration signifies Peloton's willingness to explore new avenues for growth and engage with potential customers beyond its traditional channels.
Fitness-as-a-Service Model: Driving Subscribers and Revenue
Peloton's innovative fitness-as-a-service (FaaS) model has become a key driver of its recent stock surge. The introduction of a bike rental subscription program has resonated well with consumers, offering an affordable alternative to purchasing expensive fitness equipment. A recent company survey revealed that 60% of subscribers joined Peloton due to the flexibility of the rental program.
Management forecasts a staggering 90% growth in its bike rental subscription business this year, showcasing the model's traction among consumers. This shift in approach not only attracts new subscribers but also establishes a recurring revenue stream for Peloton, contributing to the company's positive outlook for the second half of the fiscal year.
Strategic Collaborations: Strengthening Partnerships for Growth
Peloton's partnerships extend beyond TikTok, with collaborations that include major sports teams, universities, and renowned apparel companies. In fiscal Q1 alone, Peloton teamed up with the NBA, WNBA, Liverpool Football Club, the University of Michigan, and the New York Road Runners club. Additionally, a strategic deal was inked with lululemon, emphasizing Peloton's commitment to diversifying its partnerships for improved brand awareness and financial performance.
Institutional Support: Confidence in Peloton's Future
Large institutional investors have demonstrated confidence in Peloton's potential for growth. Notable increases in holdings by entities such as DNB Asset Management AS and Vanguard Group Inc. underscore the belief in Peloton's ability to navigate the competitive fitness landscape successfully.
Conclusion:
Peloton's recent strategic moves, from the TikTok partnership to the fitness-as-a-service model, have reignited investor confidence and propelled the stock to new heights. As the company continues to diversify its collaborations and capitalize on innovative business models, the future looks promising for Peloton Interactive Inc. Investors and fitness enthusiasts alike will be keenly watching as Peloton reshapes the industry and embraces new opportunities for sustained growth.
A Strategic Partnership with TikTok Sparks a Fitness RevolutionPeloton Reinvents Itself:
In a bold move to redefine its image and capture a broader audience, Peloton Interactive has announced a groundbreaking partnership with TikTok to develop fitness content. This collaboration not only signifies Peloton's commitment to innovation but also marks a significant departure from its traditional approach of creating content exclusively within its network. The strategic move has already seen Peloton's stock surge by 14%, showcasing the potential impact of this groundbreaking venture.
The Partnership:
Peloton and TikTok are set to launch a co-branded hub, offering a unique fusion of Peloton's acclaimed fitness content, including live classes and celebrity collaborations, on the widely popular social media platform. For the first time, Peloton will produce custom social content tailored for use beyond its own ecosystem. This move aligns with Peloton's broader strategy, initiated six months ago, to rebrand itself and diversify its audience through a tiered pricing structure for its app.
Financial Impact:
The announcement of the Peloton-TikTok partnership has triggered a remarkable 15% jump in Peloton's stock price. While this surge is a positive sign for the company, it's essential to note that Peloton's standing on Wall Street has faced challenges since its peak in 2020 when its shares soared to over $160. However, the recent collaboration could be a game-changer, potentially indicating a strategic shift that investors are responding positively to.
Peloton's Evolution:
Peloton's journey over the past year has been characterized by a decline in demand for its stationary bikes and treadmills as the initial pandemic-driven fitness craze waned. The company's response to this shift involved a comprehensive rebranding effort and the introduction of a tiered pricing strategy for its app. The collaboration with TikTok appears to be a pivotal part of Peloton's evolving strategy to remain relevant in a changing market landscape.
TikTok's Global Influence:
With over 1 billion active users globally, TikTok's collaboration with Peloton opens up new horizons for both companies. TikTok's vast and diverse user base, combined with thousands of communities dedicated to fitness activities, provides an ideal platform for Peloton to reach a wider audience. This strategic partnership not only capitalizes on TikTok's immense reach but also leverages the platform's vibrant and engaged communities to enhance Peloton's brand visibility.
Technical Analysis:
Peloton Interactive has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has given a positive signal from the double bottom formation by a break up through the resistance at 5.48. Further rise to $6.63 or more is signaled.
Conclusion:
Peloton's partnership with TikTok is a bold and strategic move that signals the company's determination to adapt and thrive in a dynamic market. The positive market response, with a significant surge in stock prices, reflects investor confidence in Peloton's ability to reinvent itself and capture a broader audience through innovative collaborations. As the fitness landscape continues to evolve, Peloton's journey with TikTok may well be the catalyst for a new era in interactive and socially driven fitness experiences.
METO: $0.002 | Could be the next Gala for Tiktok Gendecently depressed and weeded out speculators
currently fresh capital from MidEast on board
for 2023 roadshow across the universe
Phase 1 Packaging for Unicorn Status
TitkTok Cap is $300bn
this influencer platform may just be the missing link to adoption
\https://metafluence.com/
Meta is here to stayI will top up on Meta, great numbers and a lot of FUD in the market. It's oversold at a PE ratio of just 12.
It may still be getting cheaper for as long as FED can raise interest rates.
All of the arguments against meta are inexperienced people looking at Meta stock price while looking at their new metaverse project information.
If they bothered to look at other companies, they would've seen that everything is going down. It's not because their value is dropping, it's because FED is making debt more expensive.
I am a marketing manager and I can guarantee that Meta is not going anywhere soon.
The strongest argument for Meta stagnation is the lack of new clients because they've reached over 3B people.
This is a terrible argument because inflation works the same in the Meta market and in the real world. Ads will cost more. Other services they provide will also cost more.
I have noticed SIGNIFICANT improvements in Meta algorithms. They are much better at suggesting relevant content, and marketing on Instagram is making radical turns.
Also, don't forget that Meta owns Facebook, Instagram and also WhatsApp. WhatsApp gives them a significant vector for monetization.
TikTok is NOT a Meta competitior. They are not even close. It's a Chinese manipulation and propaganda machine.
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Trade Idea - Meta at a pivotal areaMETA has been doing the heavy lifting for the communication sector.
One of the reasons communication sector is the best performing sector year to date is simply because of Metas outperformance.
Once the key moving average intersects it likey will result in a downtrend. Meta bulls have more work to do to stop this.
SNAP: What's Bad for TikTok is Good for SnapchatAfter the TikTok appearance in Congress I do not think the current administration will have the political capital to do anything but ban TikTok. The proposed deal to have TikTok sold from it's Chinese owner seems unlikely after Beijing declined it and also after the CEO got grilled in Congress and did not offer any answers to ease politicians concern the the CCP can manipulate the content on the app. I expect TikTok to be banned in the US. Snapchat stock has been consolidating around the $10 level for almost a year now. I think a TikTok ban will benefit SNAP big time and be the tailwind it needs to break out.
META: Breakout: Cup and HandleMETA breakout with a first stage base/rounded bottom & accumulation. Low volume confluence with "handle" is setting up for breakout and second stage. KL: 204.80, 211.64, 217.51, 226.84, 236.99// Long Bias on higher auction and price rediscovery from levels last seen in Jan 2022 sees PT of 289.11// Beta: 1.16, ATR 6.79, IV: 40.55% // Bias: Risk On; Failure < 184.87// Price at time of publish: 200.79
TikTok Ban - WOW (also USD/JPY Short)OANDA:USDJPY
BIG NEWS, HUGE NEWS
UK Government officials are NOT abe to day dream on TikTok on their work mobiles any longer, now they have to work during work hours.
OK, I got that out of the way.
Took a short on the heels of news release of Building Permits, as the DXY (dollar index) pushes lower at that minute.
Trade took less that 5 minutes for a hard 10 pip TP
ECB multi release in few minutes, watch this
Trade smart
Trade well
META Meta Platforms Options Ahead Of EarningsIf you haven`t sold META at $341:
Then I think that META Meta Platforms will announce massive layoffs at the earnings date, which the market loves.
Mark Zuckerberg will continue spending billions on building the Metaverse, but the market won`t care as long as they fire people.
Another reason for a happy earnings ending is the FOMC decision to hike the interest rates by 25bps instead of 50bps (I assume).
Otherwise, META loses more ground against TikTok, which took over the globe.
But Mark Zuckerberg doesn`t care about that, because if TikTok really becomes a threat for META (sorry, for the economy), regulators will declare it a spy app, threatening the US national security.
So eventually META will prevail.
If the authorities won`t intervene to help META, i think the stock should end the year around $120.
All the above considered, looking at the META Meta Platforms options chain ahead of earnings , I would buy the $150 strike price Puts with
2023-2-17 expiration date for about
$7.45 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
BBIG Vimco Ventures - A Classic Triangle PumpI came across this stock the other night when it was trending on Twitter and took a look at it for the first time ever. Apparently Vimco is a holding company that's touted for one of its assets being the "TikTok competitor" Lomotif.
Personally, I think people who are bullish on app clones of big apps are delirious because the reason those big apps get rooted by the establishment are for reasons that have little to do with their technology and everything to do with what is behind them.
In TikTok's case it's the Chinese Communist Party behind them, via parent company ByteDance, and the purpose of the app is to indoctrinate young people and have them waste a lot of time competing with influencers and trying to be an influencer .
The thing about a grooming and indoctrination app is you can't have competition. You need just one that can cannibalize the entire market and hold everyone's attention.
Regardless, I'm a big believer in price action. So long as Wall Street banks are holding an interest in a stock, I think that price action reflects the cumulative knowledge of all market participants. It's the real penny stock pump and dumps you have to be afraid of. Once they get rugged there's no liquidity and they _will_ go to zero.
With BBIG, BlackRock, Vanguard, State Street, etc, all have significant holdings.
Before we start, I'd just like to say that I actually saw this pattern the night before and posted it as it began its fake breakout, just not in a formal TradingView call.
Anyways, this pattern is a pretty classic one that I learned from this dude in crypto in 2018 when Ethereum Classic made a similar play that yielded a lot of run, and fast. I didn't believe him, but the short end of the trade worked and then it pumped afterwards.
The idea is you first get this parabolic super pump that doesn't last. Then, it consolidates for a long period of time with descending highs and flat lows.
What's being exploited is that so many traders love these trendline astrology "technical analysis" ideas. So when they see something "break out" to the upside "against the trendline" they stop out of their shorts and get long.
Then it immediately sells off back into the triangle, and then takes out the bottom, and heads lower and lower, taking out all those poorly timed longs that bought in the triangle, treating the flat bottom as support.
Notable with BBIG is that there's a pre-pump gap in the 71c range and the all time low, which is also the pre-pump pivot low, is 67c.
I suspect that 67c will hold under the thesis that the MMs are actually heavy on the buy, but if the pump is going to be big, they may also turtle soup the very bottom.
Either way, you might think to yourself, "This isn't that realistic. This is 20%+ to the downside." And this logic is fine, but look at the range of the triangle breakout into the breakdown that just occurred. In a few days that was already 20%.
Late in October, BBBY printed a 35% pump in a few days.
A conservative target for the resulting pump, should it manifest as such, is in the $1.40 range. It may even take out the old pump high of $1.95. In short, you're looking at a 2-3 bagger, if all transpires according to plan.
Price action like this leads me to believe that it's possible that the Biden Administration really does have a ban on TikTok waiting in the cards, ready to be imminently played as social media chatter has suggested.
Additionally, I also believe that tech stocks in general are about to pump it and pump it hard, even though it'll just be another bear market rally. A lot of suckers are about to be brought in.
Well, with a stock like this you don't want to buy and hold. You want to get in and get out. A lot of these companies really have no fundamental value. If you want things to buy and hold, put your money in grocery stores, fertilizer companies, oil and gas, etc.
Things that genuinely make money from genuine business, instead of these jokers that pay some kids pennies to clone apps and then call it a $205MM valuation, which is what Vimco's market cap is at the moment. (That's tiny.)
But, be careful and don't be greedy with your upside targets. The world isn't in good shape at the moment and things can change at any time.
Significant geopolitical, natural, and cosmic events can unfold at any time.
#META 4hr chart reversing off bottom of channelMeta seems to be reversing off the bottom of the channel which has held meta price action lower since the February gap down on results. This reversal is coinciding with news that the FCC boss mentioned that the US Should ban TikTok - widely known to be one of facebooks fiercest competitors in the space. Let's see if we can get some follow through on this move..
NAS100 [US100] Daily Outlook | July 27Hi all,
Am totally sell biased today. WHY?
Short Term:
1, Unless H1 price bar closes above 12305.14, then i may decide to take long positions with targets at 12357.34 and 12446.72
2, One out of 2 of my favorite plays (wick fill) is strongly brewing on D1 time frame. H1 break and closure below 12244.15 will trigger some price movement, hence shorting to 12172.69, 12077.52, 11992.37 and finally 11882.52 (these points are your partial closure guidance)
To learn more about my favorite setups and how to perfectly harness pips using them, join my live streaming today.
Daily Live Trading session at 8:45AM EST/ 4:45PM GST
Pairs: EURUSD/NAS100/GER30
Kings...
NAS100 [US100] Daily Outlook | July 13Long Term Outlook:
Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trendline joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume .
Short Term Outlook:
a. Market is ranging between 11890.34 and 11768.85 (Range 0) and 1HR break and closure above 11890 zone will make price to test 12041 area (Range 1).
b. On the other hand, the break and closure of 1HR price bar below 11743.56, we may yet see a dip down to 11462.68 (range 3) with partials closure at 11550.06 (range 2)
c. Within the range lies a rare opportunity for the smart ones - clean traffic to the left side resulting in a possible bullish move from 11768.85 zone to 11875 (110 pips - range 0)
Let me know what you think on the comment section.
NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST
Join the winning team!
-Kings
NAS100 [US100] Daily Outlook | July 12Long Term Outlook:
Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trendline joining 13500, 12949 and 12979 indicating that price may yet see 11163 area with enough volume.
Short Term Outlook:
a. 1HR TF is currently ranging between 11798 and 11733. At the break and closure above 11798, we may see some bullish move up to 12041 area but with partials closure at 11877.75/11957.88 levels.
b. With a clean traffic to the left hand side, price break and closure below 11724 area will be a rare opportunity for a drop to even lower than 11552 level.
Which side are you on? Do let me know in the comment section.
NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST
Join the winning team!
-King