I believe 2024 will be a year of value stocks. With such great tech performance last year it is getting harder to find opportunity in the market. I tend to be very comfortable buying into what people hate, I added a large amount of PFE recently hoping for it to play out how Verizon did for me last year. I am consolidating some risk from my stock portfolio into...
If you have been following alone you will know I flipped bearish on Solana and sold out. I recently added AKT by selling some of my RNDR back which is up 500% from last year, and additional funds bridged from Sol. I saw that as RNDR lost steam, AKT was standing strong. I had been wanting to build an AKT position for over a year and saw strength against weakness...
Oil is likely to be a huge player this year, the year after a tech run, value and certain commodities are likely to run. Rig has been on a major upswing since 2021. The stock meanders between two fib levels and has heavily consolidated here (.382). A colleague of mine pointed out Jan 2025 7$ calls and the open interest is huge. This more volatile play than XOM CVX...
Here is a weekly view of the SOFI chart I have been using all last year. This heavily manipulated and shorted stock is extremely hard to trade short-term (unless youre an insider of course). The teal arrow points to the most important trend line imo as the megaphone seems to not like to hold these days. I have the historical price levels as my next price target...
This whip saw market is certainly flushing out leverage. I remain in my spot shares and am contemplating June 20$ calls. Riot like Coin is back to trend although this riot trend line began a full year ago. Both of my short term bearish price targets of 17$ and 15$ were hit. This ETF tease is really going to spook retail. Will we get another flash crash?
AKT is a play I have been thinking about jumping into for a while, and during this market crash its one of the only tokens holdings strong. This is the buy signal I needed, I might be selling a portion of my RNDR into AKT because of this. AKT is a bit of a different tech setup that focuses on computing resources but is still equally important.
Sofi has been a popular stock to short for the past year or so. I find it funny that insiders can publish negative news and also be in shorts on the stock as the same time which is clearly the case here. The stock fell back into the long-term megaphone and created a massive gap on the daily. Mixing this with the market uncertainty, sketchy bond price action, and a...
Metis is a likely obvious 3-4x for this year in my opinion. The token it on a major uptrend and will likely hit 106$ soon. I circled multiple weeks of straight down, this is part of why the Sol chart went up so quickly. There is simply no price action on the way down, no resistance, the token blasts upward on volume and hype. I think we see 106-130$ by end of...
I have been following PFE for a while last year and almost added it as a staple to my core dividend portfolio which is about 25% of my long-term investing portfolio. The stock just printed its first whole bodied green candle since December of two years ago. The RSI is at historical levels not seen since 2009. The PE ratio has expanded a bit but still offers some...
I am heavily expecting riot to go back to 20$ here in this whip saw market. Many levered bets were likely flushed out here. My first short-term bearish target was hit and we came VERY close to 15$ flat as well. I think we are looking between 18.50$ and 20.9$.
INJ is my largest holding still although it sometimes fights with RNDR. These candle formations show high levels of conviction, buyers and sellers want to stay close to current price action. Since we are in price discovery I got rid of the fib retracements and added a fib extension. A battle for the golden fib (45ish$) ensues. I wouldnt be surprised to see another...
Near has a few weeks of price action at each of the dashed lines. It already hit my first price target. If the token can stay above this monthly resistance (teal line) this will be very bullish indeed. I have always preferred Near over solana fundamentally, and this breakout offers way more upside. Bullish target is 4.2, more bullish 4.9, giga bullish 6.7$.
Sol is still WAY overheated on long-term time frames . This breakout is a fakeout in my opinion, whales who bought last year can sell for a capital gain. The token continues to inflate and the market cap is obscene for the TVL and tokenomic structure. It is important to note that SOL did overtake Ethereum on 24hr/ 7 day / 30 day volume which is a huge milestone....
BTC is falling harshly the past few days. This is partially due to a BTC correction and an Ethereum pump. Altcoins have been on a tear which takes from the BTC total market cap. I have long been expecting some level of correction leading into Jan. The question is a matter of when. I am not buying anything right now.
Avuv is my preferred small cap value ETF for my long-term account. I had been adding to it during the range lows the past several months. This is a strong breakout with the overall market trend. Value tends to get forgotten about when tech rallies like it did this year. Will we see a major buying opportunity for value in general next year? I think so. TA wise we...
Near might be having a fake out here with a weekly candle above the resistance, this candle has not yet closed and we could see it breakdown with this market correction. Time will tell, I believe Eth will pump hard in a few days/weeks so this might continue the upward trend.
This is a chart I shared a while ago. Eth maintains a bullish long-term trend after the monthly breakout. With BTC dominance dropping I expect this to continue into Jan. The green fib is presenting a strong resistance here. Eth will be a lot more bullish after it overtakes the golden .5fib.
Link has finally confirmed the monthly resistance breakout on the weekly chart. This is very bullish for the token. With the public staking immanent, and Link doing its traditional thing leading the market rally as Eth pumps, I expect big things from this token. My first target is 18.1$, and the following fib is the more bullish short-term target.