EVRI trade ideas
Why Technical Analysis is enough to make profits in financial maif you only looked at charts and bought NVDA at 0.61 Fibonacci Retracement, you would be able to 8X your money. Yo don't need to look at any industry trends regarding AI or whatever. You don't need to look at balance sheet, cash flow or any other thing. If the information is important , you will be able to see it on the chart.
Of course if you combine both, you will be unstoppable.
#technicalanalysis #fundamentalanalysis
EVRI Long SwingEVRI has been consolidating since late September. It failed to break the 1 Fibonacci level on 4 occasions and retraced to the .5 level.
The current price is just above the POC line (90 days) and closed just above the .78 fibonacci level and well above its up trend line.
The MACD is about to cross and the DI+ just crossed the DI- on the ADX indicator.
First target: 25.91 in the near term.
EVRI Long IdeaEveri Holdings Inc provides entertainment and technology solutions for the casino, interactive, and gaming industry. It operates in two segments namely Games and FinTech. Everi Games provides gaming operators with gaming technology products and services which include gaming machines, slot machines, leased gaming equipment, and other products and services. Everi FinTech provides gaming operators with financial technology products and services which includes services and equipment that facilitate casino patron's to access cash at gaming facilities through automated teller machines, point of sale debit card purchase and others.
From a fundamental side, EVRI looks a little messy; the company is unprofitable, but has reduced losses over the past 5 years at a rate of 35.1% per year. Regardless, it's sitting on a P/E ratio of -12.3x and a P/B ratio of -72.2, so things are not looking too hot.
But why has this stock been consistently bullish ever since the COVID sell-off faded away (Even prior to the COVID sell-off, EVRI was trending bullishly since mid-2016)? A lot of investors see future potential for EVRI in the next 1-3 years due to the recent popularity in online casinos.
But, the technical are telling us that a wonderful longing opportunity may be approaching us.
Happy trading!
$EVRI can rise in the next daysContextual immersion trading strategy idea.
Everi Holdings Inc. provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $9,38;
stop-loss — $8,61.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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