Uuii UbisoftBuying points:
-trend line from July,15
-strong support at 51.14€
-MACD: MA lines extremely under average
-RSI: oversold
Selling points:
-all SMAs above the price
-MACD shows negative momentum
Fundamentals
-selling pressure bc of bad earnings of the gaming industry (take-two)
-seasonal summer impact -> people are more outside, fewer sales
-guidance of next earnings: meh
Conclusion
Technically the stock has a great potential to bounce back to a certain level which I think is 59-60€. So, with a tight stop loss, we are looking for a 17% return.
My strategy, in this case, is to sell the stock when it hits SMAs like 50 or 100 (main goal 100).
You could argue that the share has the chance to get to the upper downtrend line but the fundamentals do not support this theory, not in the short-mid term.
Short opportunities could arrive after we go under the trend and support line (full daily closed candle). This would become approximately 20% down to the next support line of 40€.
As all ways, I try my best to calculate the best risk/reward ratio. If you like my analysis you can follow for more quality content.
Gaming
Harmony One Moon Shot NFT Gaming Metaverse Harmony one has an incredible game coming soon called outerverse using the .one domain using minerals in the game that can only be earned by staking liquidity. We have seen the explosion in NFT and Play to earn gaming, this is where harmony really shines. There will be an opportunity to stake liquidity and earn minerals soon, where I will be putting my $one in to earn minerals while we wait for the marketplace and game to come online. I believe there will be a huge demand in games like this on harmony and getting in early is key to big gains.
In a few months or maybe a year after you have made huge gains off outerverse minerals you can send me a thank you tip to my $one address 0x5ae019F7eE28612b058381f4Fea213Cc90ee88A4
SLP/USDT Cup & Handle Pattern Smooth Love Potion (SLP) forming cup & handle pattern. Massive 50% correction since the last pump and at the moment testing the support order block. Be patient and wait for the breakout for entry.
Target 1 - $0.2045
Target 2 - $0.2446
Target 3 - $0.2659
Target 4 - $0.3009
This is not financial advice, Please DYOR and place stop loss below $0.1501 or $0.1262
FUN/USDT Breakout looking bullishFUN/USDT made a breakout from the downtrend since May and retesting at the support order block. Lots of bullish news for FUN token recently it's going moon
Entry zone - $0.0175 - $0.019497
Target 1 - $0.020092
Target 2 - $0.020773
Target 3 - $0.022952
Target 4 - $0.029917
This is not financial advice. Please DYOR. Place stop loss below $0.014992 or $0.013339
zynga at 200 EMAi love when companys are at the 200 ema (the white line) usally ts a great buying opp. ive been a buyer of zynga since 3.00 dollars. i love what they do. i love the apps they came out with. alot of diversity and they buy up a lot of companys. they've got a lot of cash on hand witch is always a good thing.
CRSR up move??howdy, :))
CRSR has got earnings in just 5 days. looks like its been consolidating since march! its been over sold by what my indicators are telling me. i feel like we will see some solid gains. we know the gaming sector is hot and we know its not going anywhere. i bought shares today for the long run so lets see what happens. they usually make money so i like companys that make money
Big Falling bullish wedge in EGLX, potential breakout soon.Potential bullish breakout.
#eglx #enthusiastgaming
$SNE looks ready to play*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered into $SNE at 92.33 after its correction from $118 down to $90.
$SNE currently sits at just $99.59 per share.
Current price action suggests that $SNE is gearing up for its next move up.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
TCP/USDT - The Crypto Prophecies (Kucoin) Short term ScalpTCP/USDT dumped/correcting after the massive pump last week. Currently at the support order block.
Entry zone - $$0.1765 - $0.1973 (wait for the right entry)
Target 1 - $0.2081
Target 2 - $0.2196
Target 3 - $0.2386
Target 4 - $0.2536
Target 5 - $0.2729
This is not financial advice. Please DYOR. Market looking very volatile at the moment so be alert. if the price drops below $0.1765 major support at $0.15 and wait for it to bounce back then enter. Place stop loss below $0.1453
PENN Retesting $85 Soon?Penn National Gaming has quietly been gaining momentum during July after a massive fall in price since earlier this year. If we do a fib retracement from the swing high at $85 to its swing low at our bottom which is $63, we get a potential trade setup currently at the $71.84 price level. This $71 area is where the .382 fib level is, historically a great buy area mathematically speaking.
Depending on the open in the morning I plan on going long with a stop just below $71.84.
The key is that the $71.84 price holds. If a 4 hour candle closes below that, a retest of $68 will be in the cards which is my next and final buy area where a large position may be entered.
BUY PENN around the $70-75 range for a move up to $105!Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania.
It operates 44 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also controls a 36% stake in Barstool Sports.
With the US consumers sitting on over $5.4 trillion of additional savings as a result of the COVID-19 pandemic we believe that Penn National Gaming will benefit from the large consumer spending spree that we expect to sweep the US in the second half of 2021. In addition to that, people who like to bet on various sporting or racing events were severely limited in terms of betting options throughout the last 12-16 months. With things slowly but surely going back to normal despite the new highly contagious Delta variant, we believe that Penn National Gaming is uniquely positioned and will likely see strong revenue and earnings numbers in Q3 and Q4. Last but not least, let's not forget that Barstool Sports is basically a digital content producing company focused exclusively on sports. Thus, with the return of the NFL pre-season starting in August and the actual season in September, Barstool will be a strong driving force for Penn National Gaming's stock moving forward. Lastly, we should also point out that Barstool Sports launched the Barstool Sportsbook back in September, 2020 which is basically a betting app, and handled over $11 million in wagers during its first week of operations!
It definitely seems that the stars are aligning almost perfectly for PENN and as a result of that we believe that the stock will be trading above the $100 mark by mid-September latest.
From a technical standpoint the chart also shows the presence of a strong bullish interest around the $70 level. All major daily indicators including the Stochastics, RSI, MACD and Bollinger Bands are also pointing to a strong reversal in play.
Our targets for the 8-10 weeks will be $105 and $120 respectively.
Good luck guys and remember to always do your own research as well!
RBLX back to retest 100! RBLX Daily TF
Roblox on discount, as price continues to drop due to a decline in active users. After a massive rally to ATH its only right we see a pullback before the rocket takes off again. Has a bit more room for a golden retracement to .618 level (76.96). Wouldn't jump the gun on calls just yet unless downtrend is broken which signals reversal or we get a dip to 76 level.
Targets: 90, 103, 117
Trade idea:
76-80 scale in month out calls atm/otm, full entry on the breakout of downtrend
Shares - safer option as well
Will Fans...Unite?FANS back at historic resistance from a few weeks ago. With the murmurs of excitement in esports, looks like things are picking back up from related names. The biggest question is will the momo keep going or does it fail at resistance again? Still really light on the newsflow so could just be sympathy sentiment driving momentum.
"FansUnite has also achieved several fundamental milestones in the last few months. Namely, the company entered a brand partnership with Cash Live Inc. The goal of this deal is to launch FansUnite branded live games on the Cash Live mobile app. The company already has a minority interest in Cash Live, which offers a free-to-play gaming app designed for mobile devices. The tech start-up has a poker and social casino game show platform with daily live-streamed shows paying out real cash to winners."
Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth