Technical Analysis and Outlook
The Spooz is currently in a downtrend. Forecasting a drop to Mean Sup $4,385 : a strong buy providing ample opportunity for loading-a-boat for resurgence to retest Mean Res $4,4 80 and follow through to Key Res $4,537. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market...
Watching the financials closely in the coming few weeks, JPM closing on Friday sitting right on the 50day EMA and holding a little bull flag as well. will undoubtedly be a long-term play but definitely worth noting that there was a very clear bear flag on the XLF last week that could potentially continue to play out, so something to keep in mind. However,...
Support on $13 seems to hold for now, today a lot a volume came in the first hour pushing up the price, then the price had their retracement so on daily isn't the most bullish candle but because of volume im looking for a trade with a risk 4/1.
The target could be $22 looking for fib 0.618 of the last down movement.
On the fundamental side i read something about...
I am leaning on the month eventually going 2 to the downside here and opening some further selling throughout the financials sector.
Correlation to the 10 year yield has been spot on for months now pay attention to see if it continues.
Would buy the dip if we see a nice pullback
Today we saw $XP take firm control over the 50 handle and we'd like to see if it can still keep going. Emerging markets still trying to push after the bottom in Chinese tech stocks. We're hoping to see 60 in the near future. Good luck traders!
Although I am technical trader, I have been taking some interest in fundamentals, trying to learn few things here and there. Tradingview also has lots of fundamental information which are available in regular stocks page, in screeners, and also accessible via pine script. Though I have published few ideas and scripts related to fundamentals, I am...
The platform earned CNY 43.80 billion in Q2 2021 while reducing its monthly operating loss to CNY 3.25 billion. According to survey data, 60% of full-time riders have a monthly income of more than CNY 5,000.
- On August 30, 2021, Meituan, the Chinese life service e-commerce platform, released its Q2 financial report. The report shows that the company earned a...
The income from home appliances and electrical appliances accounts for more than 80%; the proportion of new businesses such as robots has increased.
According to the interim performance report for 2021:
- The operating revenue increased by 24.98%, reaching CNY 173.8 billion.
- The net profit attributable to the parent company increased 7.76%, reaching CNY 15...
In Q2 2021, the company generated CNY 2.2 billion in revenue, with a year-on-year increase of 41.6%.
According to Kingsoft Cloud's Q2 2021 financial announcement:
- Revenue rose by 41.6%, reaching CNY 2.2 billion.
- Gross profit hit CNY 119 million, representing a 46.8% growth.
- The gross profit margin was 5.5%, compared with 5.3% in the same period of...
Xiaomi mainly benefited from its continuous expansion of the user scale in key overseas markets and the establishment of extensive and in-depth cooperation with the world's leading Internet companies.
Xiaomi published its Q2 2021 financial results on August 25 2021. It is worth mentioning that the total revenue and adjusted net profit of the firm reached a record...
During the six months through June, the company generated CNY 234.9 billion in revenue, with a year-on-year increase of 27%.
According to Country Garden's H1 2021 financial announcement:
- Revenue rose by 27%, reaching CNY 234.9 billion.
- Gross profit hit CNY 46.3 billion (up 3.1%), and the gross profit margin was 19.7%.
- Net profit was about CNY 22.4...
During the six months through June, the company generated CNY 1.6 billion in revenue, with a year-on-year growth of 70.9%.
According to Kingsoft Office's H1 2021 financial announcement:
- Revenue rose by 70.9%, reaching CNY 1.6 billion.
- Net profit hit CNY 549 million, representing a 53.5% increase.
- Among the company's major businesses, its software...
In the first half of 2021, Haidilao's revenue increased by 105.9% year-on-year, and its net profit turned from loss to profit.
According to the interim performance report of 2021:
- The operating revenue was CNY 20.094 billion (up 105.9% year-on-year).
- The net profit was CNY 96.5 million, compared with a net loss of 965 million yuan in the same period last...
During the six months through June, the company generated CNY 6.3 billion in revenue, with a year-on-year increase of 45.3%.
According to iFLYTEK's H1 2021 financial announcement:
- Revenue rose by 45.3%, reaching CNY 6.3 billion.
- Net profit hit CNY 419 million, representing a growth of 62.1%.
- In H1 2021, the revenue of software and information technology...
During the six months up to and ending in June, the company generated CNY 88.34 billion in operating revenue, up by 24.2%.
According to SF Holding's financial announcement for the first half of 2021:
- Operating revenue rose by 24.2%, reaching CNY 88.34 billion.
- The net profit attributable to the shareholders of the listed company was CNY 760 million (drop...
The overall revenue performance is positive.
According to JD's (JD:NASDAQ) financial announcement for the second quarter of 2021:
- The net income rose by 26.2%, reaching CNY 253.8 billion.
- The net profit attributable to ordinary shareholders was CNY 790 million, compared with CNY 16.4 billion in the same period in 2020. While under non-GAAP, it was CNY 4.6...
Today we will analyze the current chart of Visa. Let's start:
a) The main two structures we can see on the chart are: The ascending channel and the dynamic support resistance level (yellow lines)
b) Currently, the price is above the dynamic support resistance level and is supported on the ascending channel
c) At the moment, we have a corrective pattern...
Technical Analysis and Outlook
The S&P 500 fell 2.5% on Monday, at one point in the week, and on Thursday provided us with Rinse and Repeated buying opportunity ( Mean Sup $4,368-Mean Sup $4,385 zone ). As specified on Weekly Daily Chart Analysis For August 2, 2021, the main target is Outer Index Rally $4,483 and newly created the Key Res $4,480 . The very low...