WorthlessViews

WorthlessViews

The "beginnings" of a change in the downward trend of China's tech stock market may be starting to unfold. The price of Kraneshares China Internet ETF AMEX:KWEB has finally reconnected with my selected simple moving average (SMA) which often means further price consolidation or future price breakout from the overall mean. I'm not saying this will happen...

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Alibaba Group NYSE:BABA has the potential for massive growth. From a technical analysis perspective (and using my selected simply moving averages (SMAs)), the price of NYSE:BABA is reconnecting with its primary SMA. It could ride this area for a while as it consolidates further, but this often means a future reversal of the downward trend. Thus, at $80.00, ...

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This is going to be purely about technical analysis since Intel NASDAQ:INTC has a 90x P/E and has not proven themselves to be a viable challenger in the semiconductor market (yet...). Bad news could continue to destroy this ticker, but without that news, there could be some recovery in the near term. The NASDAQ:INTC chart is in an overall downward trend....

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While gold prices have soared recently, gold mining stocks have lagged. Newmont Corp NYSE:NEM , the world's largest gold mining corporation, may be undervalued if the miners take off to catch up to the gold demand/price. Currently sitting near $48.00 and at a historical moving average that it will need to break to show a true trend reversal, NYSE:NEM is in a...

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NYSE:FMC Corp is currently trading at a P/E ratio 6x and has a 3.98% dividend. It had a very rough year in 2023, but the company estimates improved earnings and growth after 2024. From a technical analysis perspective, it appears to be in an accumulation phase after seeing a low around $50 and wavering between that value and $68 for 11 months. Unless fundamentals...

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As a managed health care company, Centene Corp NYSE:CNC doesn't get much attention. However, it is an undervalued growth stock. It's been a workhorse historically for slow and steady financial returns with a 3%+ dividend. The biggest dips along my selected moving average have been into the blue lines - which it recently tested. While the stock may close the gap...

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Kraft Heinz NASDAQ:KHC currently has a 4.88% dividend and anticipated earnings growth (though modest) through 2027. Inflation benefits the food industry and Kraft Heinz may do well moving forward. From a technical analysis standpoint, the chart is in the accumulation zone around my selected simple moving average and may be preparing for a larger move up....

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Boeing NYSE:BA is getting bad press (and rightfully so) due to quality/safety assurance issues, but I view this dip as a buying opportunity for future returns. The company expects profitability beyond 2024 and once that happens, I expect this ticker to soar. There may be some pains in the near-term, but long-term, it is in my buy zone at $180.00. Target #1 =...

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The war machine keeps turning. Profits will reign. Direxion Aerospace and Defense 3x AMEX:DFEN never fully recovered from pandemic lows, but world peace is (unfortunately) far from reach. The uptrend in the chart has commenced. Personal entry point at $28.00. Target #1 = $37.00 Target #2 = $50.00 Target #3 = $64.00

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Advanced Auto Parts NYSE:AAP has gone through an exquisite shakeout of shareholders. Currently trading near $64, the stock is currently testing my "stock crash" simple moving average (seen green SMA lines). From a technical analysist standpoint, it's in a personal buy zone. This stock has tested this simple moving average level a few times in the past and...

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Devon Energy NYSE:DVN recently expanded their share-repurchase authorization by 67% to $5 billion. Congressional House committee member Kevin Hern has also been scooping a pretty sizeable number of shares lately. On top of the 4%+ dividend and P/E of around 9x, NYSE:DVN is in a personal buy zone at $48.00. If it continues to rise, I anticipate some resistance...

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Ishares 20+ Treasury Bond NASDAQ:TLT are particularly sensitive to interest rates: the price moves up when they are lowered and down when they rise. Locally, I'm witnessing banks lower their interest rates for CDs and shorten the duration for those with high-yielding returns. The general political rhetoric, especially due to the election cycle, is a push for the...

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Bristol-Myers Squibb NYSE:BMY has not deviated this far my selected simple-moving average since the early 2000s. It is currently in a personal buy zone in the low $40s. It may trade sideways for some time, but my hope is patience pays off (including the dividend). Target #1 = Gap fill to $56. Target #2 = Gap fill to $70.

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199M float, ~30% short interest. Earnings tomorrow. Started position at $0.56 for a potential squeeze. Fisker's electric vehicles are being delivered, yet very mixed press (buggy software issues, etc). Potential de-list and/or split in the future, so caution is definitely warranted.

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Bumble ( NASDAQ:BMBL ) jumped well over +40% on an earnings miss... While it may have "new news" life in the coming days as analysts slash their targets and headlines declare "stock can surge nearly 200%" (source: CNBC)... it is likely to fill the gap or partially fill the gap below ($17.13 to $29.28) before truly making a *long-term* move higher. If the rally...

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McDonald's Corp ( NYSE:MCD ) may be entering buy territory. Head and shoulders pattern formed before this recent decline, but primary support may be near $218. Given the March 2022 Federal Reserve meeting and OpEx next week (as well as the Russia/Ukraine war), there could be more declines ahead to the primary support (indicators show this is likely, as well). If...

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De-SPACs often thrive for a little post-merger and then plummet below $10. I do not think Black Rifle Coffee Company ( BRCC ) will escape this fate. While it is possible it could go higher from its current level ($18.50, 2/26/2022), I see it eventually filling the gap below (between $12.38 and $13.55) and then going below $10. Bearish divergence already started...

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Doximity ( NYSE:DOCS ). The algos may have this one set to fall for a while, unfortunately. Fairly new to the market, it made a new low in January 2022 and may need more time to find the actual bottom. The support and resistance lines/angles all indicate a falling wedge down to $10. The thick white lines on the chart show major support/resistance areas while...