Candles254

Candles254

Johnson & Johnson broke below a decade-old trendline after recording the highest sell-off volume in its history and remained suppressed below the 50-month Moving Average. Technical resistance will be at play and the probability of breaking higher is pretty low unless some fundamental forces come into play. The entry price is a bit pessimistic but such a huge sell...

Candles254

Amazon will probably post a positive earning in their Q4 report which will be triggered by festive season spending. Jumping in early to ride the wave and manage the sell-off that might follow. With the Fed expected to cut rates in 2024 moving forward, the stock will definitely push to ATHs.

Candles254

Here are some specific examples of companies that use Qualcomm products: 1. Samsung uses Qualcomm's Snapdragon processors in its Galaxy line of smartphones, including the Galaxy S22, Galaxy Z Flip 4, and Galaxy Z Fold 4. 2. Apple uses Qualcomm's Snapdragon X50 modem in its iPhone 14 lineup. 3. Google uses Qualcomm's Snapdragon 8 Gen 1 processor in its Pixel 6 and...

Candles254

Tesla is beyond an electric car manufacturing company. Below the surface, tesla is a: 1. Data Company 2. Artificial Intelligence company 3. Energy Company 4. Software Company 5. Network Company 6. Autonomous technology 7. ETC It is a company worth paying attention to and accumulating. If the stock slumps for whatever reason, I will be waiting. For future value,...

Candles254

Pay attention to ARM. It is a company that secretly contributes to the future of tech.

Candles254

The transition to clean energy has been happening but at a slower pace. Fossil fuel is here to stay for years to come since our survival heavily depends on its byproducts. The iShare Clean Energy ETF will trach this transition as we increase the adoption of clean/renewable energy. The ETF is heavily discounted going forward and the price is not trading far from...

Candles254

As the world moves towards increasing the adoption of Robotics and Artificial Intelligence to increase efficiency, output, support decision-making...etc, this is reflected in the price action of the iShares robotics and AI ETF. The ETF has lagged behind the rally in big companies in the AI and robotics sector. giving the ETF plenty of room to catch up to the...

Candles254

As we embrace the possibility of an increase in demand for copper in the next age of technology robotics and renewable energy will be dominant. The demand for copper will keep on increasing and this will result in copper mining stocks looking attractive to investors fundamentally. We are still early in the mass adoption of the future of tech and copper is and...

Candles254

The 50-month EMA is at a critical price support level which will either be support, or it will turn out to be resistance. With the current strength in metals and stocks, the market is still in risk-off mode. This contributes to a potential drop and support of the dollar at 100. However, with the Vix looking for a bottom, this trend might change and we will see the...

Candles254

PayPal is a company that has experienced an over-reactive sell-off in its stock price. We are expecting a good earnings report for Q4 that will be attributed to the festive season. If technicals will push the stock to $40, we will be waiting. If not, PayPal will head to $80 and break out higher in 2024 as the market anticipates a rate cut.

Candles254

Silver entering a potential short zone. Will this be the next support?

Candles254

Crude will look attractive to investors at $ 60 per barrel. However, $50 is a possibility. $60 is the golden price where it is low enough to keep inflation (food, energy, manufacturing..etc) in control and high enough for OPEC to make decent profits. $40 or $20 per barrel will be a worst-case scenario if fundamentals break and the market is unable to maintain the...

Candles254

Intel has been left behind in the Micro-chip Bullrun but the stock has performed pretty well Year-to-date. With the price at resistance and the stochasticRSI indicator topping out, we are looking at buying Intel at the prices indicated on the chart if the market cools down in December and profit-taking brings the price to either $35 or $25. If the market stays...

Candles254

Kapchorua tea seems to have topped out at Kes 240. Technical resistance at play.

Candles254

The market is in a euphoric state and we are expecting 2024 to be yet another strong year for the stock market. But if you pay attention, the Russell 2000 decoupled from the rest of the market, and the recovery has been sluggish. A possible sign that the general market is not as healthy as we price it to be. The Vix always trades in a channel during euphoric...

Candles254

CoinBase stock price can be in for a bumpy ride after receiving the unexpected news from Binance. Sometimes, fundamentals align with technicals and this looks like to be one of those moments. If this is the case, looking for my first entry into the stock at $ 40.50 if Binance causes a rout in the market. If not, CoinBase shares will slowly creep higher to find...

Candles254

Waiting to see if Jubilee Insurance will drop to Kes 120 in the coming months. It may sound far-fetched but we are anticipating the share price to continue dipping if the general market does not start recovering in the coming months. The company has strong fundamentals but supply overwhelms demand as investors close their positions in fear of further realized losses.

Candles254

Looking at two entries at Kes 30 and Kes 25. At these price points, the RSI should give us a sign that a reversal is imminent. The first partial exit will be at Kes 40. Let us wait and monitor the stock price.