ashainp

ashainp

-5EMA crossover 20EMA and 40EMA -RSI reversal on daily -1st test rejection off major monthly support -Clear consolidation Entry: Break of weekly level 0.027 Exit 1: 0.0282 Exit 2: 0.0308 SL: 0.023

ashainp

Berkshire Hathaway bought 33.9 million shares of the banking giant between Monday and Wednesday. That increased Berkshire's stake in Bank of America by $813.3 million to more than $24 billion. BRK holds 11.5% of BAC now. BAC chart compared to S&P500. Observe the top of both the NASDAQ and S&P BAC started bottoming when the 2 indices started falling. 2008 was a...

ashainp

FA, Renaissance Technologies(Jim Simons) owns 2% Insider ownership 27.5% Forward PE 16.2 ROI 29% EPS past 5Y 60.1%, Sales past 5Y 52%. P/E<Growth Sales QOQ 12.9% Gross margin 63%(improving consistently), Net margin 28% Price/Sales 7.95 Free cash flow growing. Analyst target =50 (don't believe them, just for reference) Quick ratio = 4.20 Debt/equity=...

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Tight consolidation: Accumulation or distribution? Trending between lower daily level and upper weekly level. Staying in the range to breakout sideways. Weekly level exhaustion: Breakout higher more likely. 1st target= $10,400 level

ashainp

Bought in @51 + A bull call spread Jan '22 @52.5/90 $4.89 Thesis: Fundamentals. Impressive growth rates, ROI with solid financial health and valuation. short term panic for delaying next-gen chip for 6 months. Doesn't deserve a 15% drop imo. TA, March level=45 strong support Short term panic People selling to buy more TSLA ;) Medium-term hold

ashainp

TA, -40EMA cross 120EMA: Long term trend confirmed -5EMA cross 20EMA: Short term trend confirmed -Ascending triangle breakout -A daily close above a key level of support Short term target: 4755 sats Long term Target: 6032 sats FA, - Send money and earn 5% in METAL -Alt season -YOLO

ashainp

FA, - FinTech Revolution (WZR left behind while the punters bet on BNPL) - Loan origination spikes 48% in June 2020. Consistent uptrend - Wisr Ecosystem up 52% - 42.4 Million in Cash - Great vision: Improve financial wellness in Australians. - Strong support from NAB - Good management team including CEO Anthony Nantes - Cool name and logo ( It’s vital for long...

ashainp

Fundamental metrics - Gross margin > 70% - Just entered profitability with a net margin of 0.04% - Revenue growth 25.4% - Rule of 40 = 0.04+0.04 = 25.4 - Free cash flow growing slowly - The net revenue retention rate of 111%. Existing customer base alone has added 11% of revenue for the year ended 2019. 1100 new customers which is about a 30% increase - Financial...

ashainp

Entry above 3890. Stop loss below the weekly level 3540 Would take some profits at 10% Resisting at a significant weekly level. Could break the level with enough volume. Daily support at 2838 OBV > 30MA Price crossing upper Bollinger bands 5MA crossed 10MA both 5MA and 10MA above the long term 150MA which could signal a trend reversal

ashainp

Earnings coming up on the 23rd of July. Good long term buying opportunity with a solid yield. 40% market share. Would wait till earnings as this stock has historically been volatile during earnings season( mostly to the downside which provided a good buying opportunity) Level exhaustion at the $30 monthly level. Untested daily level at $33.33 Descending wedge

ashainp

2020 is the year of speculation and as a sensible investor, I've sat out almost all of it but have also missed a tremendous upside in many companies. Not using indicators on this one. Just using robinhooder confidence, youtube algorithm and EV rush as my indicators. Completely against my investment but this is a YOLO trade. Entry: $27.42 TP1 : $34.5 SL : $24.4

ashainp

Bollinger band bottom Strong move down followed up by volume reducing which could signal a trend reversal. Bottom of trendline Entry: 0.059 TP1: 0.0688 TP2: 0.0754 Keeping it simple.

ashainp

ILMN is one of the highest conviction picks by ARKK investments (ARKK). They invest in disruptive technology that could potentially change the world. Another pick Invitae(NVTA) has a similar pattern and broke out recently. Level exhaustion at the $372 level and a potential accumulation zone. A daily close above 372 would be bullish. An overall bullish sentiment...

ashainp

SKX calls @28 OCT 16 2020 Thesis as follows, Holding previous daily level resistance as support RSI 4h,1H Buy signal Bollinger bands bottom Wedge and trendline bottom Holding 0.382 Fib Fundamentals ✅ More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market. If this was a trade I would, Exit : $30.2 Stop loss: $25.7

ashainp

Mortage choice Entry - 0.735 Exit- 0.925 Government stimulus favouring the property market in Australia. Overall optimistic sentiment due to better crisis control. RSI in mid-range but relatively overbought Classic Dow theory: Trendline support Risks 1. Expecting sideways movement next week and a breakout either way--> Tight stop loss 2. Retesting...

ashainp

Finally, a pullback we've been waiting for. XJO was running way too fast and pullbacks are healthy in the long term. The pullback came right at the 0.618 FIB level. Tested the 200MA and will be interesting to see if we hold the 200MA next week. RSI is still relatively overbought but as the pullback was so sharp, I expect a green day on 16/06/2020 Monday. Apart...

ashainp

Tested 0.618 Fib and top resistance of downward wedge. All other major banks NAB. CBA and WBC to follow. RSI is still relatively high. 1st entry at 18 and will average down to 17 if it falls further. First entry at the start of an uptrend which most likely gets back tested. RSI<40 ANZ will most likely hold 17.65 level(GFC bottom)

ashainp

Keeping it really simple here since deep research and analysis are meaningless in this market. Historically strong trendline support Accumulation within the range, on strong support Long term moving average support 200EMA MACD oversold RSI oversold Can't ask for more technicals in check. The current market is underweight healthcare as economies are reopening....