Kemsdale

Kemsdale Updated 

ZIM Integrated Shipping Services Ltd operates within the transportation industry, specializing as an asset-light container liner shipping company. It provides a suite of services that includes land transportation, logistical services, and specialized shipping solutions for out-of-gauge cargo, refrigerated cargo, and dangerous or hazardous materials. The company's...

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Company Info: Snowflake is a cloud data warehouse that can store and analyze all your data records in one place. It can automatically scale up/down its compute resources to load, integrate, and analyze data. As a result, you can run virtually any number of workloads across many users at the same time without worrying about resource contention. Workloads can...

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Company info: AppLovin enables developers of all sizes to market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms MAX, AppDiscovery, and SparkLabs. AppLovin operates Lion Studios, which works with game developers to promote and publish their mobile games. Technical: There has been a breakout from...

Kemsdale

Avalanche is looking ready to move higher after a rounding bottom formation. It broke out and now has retested the neckline and formed a semi decent hammer reversal. Avalanche as many of you would be aware has got one of the highest transaction speed compared to the likes of Ethereum and Polkadot. I would no way claim to be an expert on blockchain but from what...

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EURJPY looks toppish at these levels. Sold short at market. Currently has had rejection from 0.786 level and I expect this level to be the barrier for EURJPY. Get above and I am out but looking for a nice run down toward 0.5 Fib sitting around 158.8. Nothing really changed from BOJ statement. If they going to raise rates or not remain to be seen but I am...

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Dell seems set to at least test 1.68 Fib level which is at around 78.50. Could be a nice trade. Buyers stepping in from 72 makes sense. For conservative trader, maybe around 69 makes more sense.

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UEC is involved in Uranium and global Uranium prices are supported at the moment. Expect UEC to beneficiary of the upcoming bull run on Uranium

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Yields are starting to slide and this should be bullish for stocks overall. MSFT has been doing fantastically well this year and I am expecting all time highs in the next week. Convincing break of 350 (bullish close on the daily) should set it free towards 400. 10 week EMA is now above 20 EMA. MSFT has momentum behind it. 390 remains the initial target.

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Datadog has formed a H&S and has broken out of the neckline. Looking for a run up to 153

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Nvidia numbers were great but Wall St wanted more. Plus, China AI chip launch has been delayed. Sentiment is turning slightly bearish on the stock and the weekly engulfing bearish candlestick is suggesting lower prices. Long term, I still believe Nvidia is a buy on the overhead resistance breakout. For now, stocks can be placed above 504. Looking for prices to...

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DAX index has broken through previous resistance. Cup and Handle formation has been over 2 years so this is a powerful breakout. Stops at 16,390 and will keep adding to the position in the year. On the daily, we had a retest of 0.236 Fib level and that coincides with previous resistance. Seasonally DAX performs well during the 1H of the year.

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CHFJPY has broken off from channel. I believe this a false break of the channel and expect CHFJPY to come strong at the end of the year. There is no carry trade unwind in here and as Europe is in recession, CHF will remain bid. Only issue here can be if the Suisse Central Bank comes out selling CHF to buy other currencies to ensure that the currency does not...

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AUDUSD is looking bullish and seasonals in play with Santa rally. The pair seems to be among the top who are enjoying the Fed pivot. Aussie data has been robust but down the play, I expect all the CBs to start cutting. For now, all roads look clear to test 0.685 resistance.

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SMCI is breaking out Right Shoulder high. This is a very bullish development and the target would be height from the neckline to the head on breakout from the right shoulder. SMCI is a semiconductor play and overall momentum in this sector is very high right now. I will go with the break today.

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ARKK Innovation Fund is looking to test neckline. Break should set it free for 71 where we have some resistance. Yields are going lower and momentum is returning with growth stocks.

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BItfarms is another Bitcoin miner that is having huge volume surge and broke through previous resistance. It tested support yesterday and I would trail my stop just below 2.13. BItfarms have invested heavily into newer machines to tackle Bitcoin halving and they are expanding into Paraguay. The location is well thought out as Paraguay has better governance when...

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IONQ has tremendously potential and have partnership with Microsoft, Google and Amazon. This can be the momentum stock that everyone wants in on in the future. For now, ascending triangle break (bullish close) will set it to target 20.

Kemsdale Updated 

Coinbase has formed a beautiful cup and handle or is it a Triple Top. If we get a bullish break and then retest around 115-116 on the daily, we should be set for 190 in the coming months. However, if can be argued it has formed a local triple top. Difficult to tell right now. Fundamentally, I am bullish on Coinbase but price action dictates. Momentum is on...