Dogecoin has been building up in value and has become more relevant. The nice thing about Dogecoin is that you can load the boat because of the penny price. It appears to have pulled back enough after raging. And just like bitcoin, it will come raging right back. Go long and load up now while it's down. Never do more than 5% of your portfolio.
Danimer has developed plastics that are essentially fully biodegradable. The catalyst for this trade is the overwhelming push for companies and individuals to be environmentally conscious of the impact they have. This combined with Millenials and Gen-Z investors mainly invest in what they believe in; such as being friendly to the environment. This is by no means...
CPRI shows promising value and returns for the future. To be 100% realistic, the gap between the haves and have-nots has grown significantly since the Fed started inflating asset prices with their asset purchases and unlimited liquidity. Essentially, this has driven up financial securities and their pricing/valuations. Taking this into account, the majority of...
Not only is ACI undervalued, trading at a 9.5x P/E ratio, but its technical indicators also point to an uptrend. The 50-day MA broke through the 200-day MA recently, followed by the 100-day breaking through the 200-day MA indicating there is positive momentum. Relatively cheap stock, good company, gives you exposure to grocery stores and other essential goods...
GBTC will move almost identically to bitcoin, it's an ETF from Grayscale Funds that tracks, you guessed it, bitcoin. JP Morgan just gave bitcoin a possible price target of $146,000. Tim Lee from Fundstrat, a very reputable analyst, gave it a $100,000 price target. If you can't buy crypto directly in your trading account or retirement account, you can get exposure...
Ring Central gapped up on some news of its partnership with Vodafone. I expect it to drop right back down to the price level it gapped up from. (highlighted in red). Although I think this partnership is great and should provide synergies, there is no doubt in my mind that RNG has become way overblown in its stock price/valuation. I see more of a correction to...
With the reopening and eventual infrastructure bill X should be a good long-term hold. It appears to have formed a falling wedge. These tailwinds combined with the chart pattern where it seems that X has corrected enough to begin to trade upwards again.
LMT's jet is specifically mentioned in the bill which should result in a large sum sale to boost their profits. This is a good long term hold as well as a good trade short-term for the recently passed defense bill via congress overturning Trump's veto. RTX, which is Raytheon and united technologies combined in a merger, both organizations have had longstanding...
With Alibaba and the other Large Cap tech giants in China coming under heavy scrutiny and anti-trust regulation opens up the door for PDD to take off and assume a lot of market share. Tencent and BABA tower over PDD which is only a Mid Cap company. Taking into account the law of large numbers, a mid cap company has much more Alpha potential albeit with slightly...
A falling wedge formed in GME's chart while it consolidated and held above the $20 level. With their divestments from failing brick and mortar stores that were hemorrhaging money while they simultaneously invest in the booming E-sports market. The E-sport Total Addressable Market is going to be huge and Gamestop has the staying power of their name being...
QS is way overcooked. They are not expecting significant sales until 2027 and they face competition from existing battery producers making their own solid state EV batteries. It could either drop to its 20-day moving average at about $110 or its 50-day moving average at about $86. Either way it will find some sort of support but it is due for a correction. It is...
Raytheon has bounced off of this green resistance twice and based on where the stock is relative to its RSI, it looks like there is room for more buyers to come in to push past the resistance and hopefully towards old highs. RSI is only at about 54 on the YTD chart. If it closes past this level of $74.76 at least 3 trading days in a row, the trend should hold....
I have highlighted the XLF representing the broader financial sector in purple and the S&P 500 index in gray. As you can see it has outperformed the financial sector by a longshot and outperformed the S&P 500 index. Since Blackrock’s bread and butter is asset management with nearly 8 trillion AUM, the overall concern with overvaluations in the markets combined...
The 20 day EMA is about to break through the 50 day EMA. It has been trading steadily over its 200 day EMA. It has been moving in line with its RSI and its RSI is heading upwards. I believe it is a sign of strength, not a sign of being overbought. A head-and-shoulders is forming. If it breaks through its old high then it could reach new highs. Possibly a $2,500...
It moves in sync with its RSI as illustrated by the blue vertical lines on the chart. If this trend continues it will retest, and possibly breakthrough into new highs and once it breaks out I don't see it stopping till $1750. No matter if it is a stock, currency, or commodity, more often than not it will contend with a previous all-time high before surpassing it.
FB is showing the beginning of a traditional head-and-shoulders pattern here with the right shoulder still forming. I see this pattern continuing, and being a bearish signal combined with the multitude of states that are all burying FB in paperwork from the state AG's with this lawsuit. It's basically a class action lawsuit but instead of people, it's ENTIRE...
A perfect cup-and-handle pattern formed. The 20 day MA also moved through both the 200 day MA and the 50 day MA indicating that there is some momentum behind this trade. Not only that, but their fair value estimate is $55.
The 50-day MA did cross below the 20-day MA at the same time as RSI was above 70, leading to a sell-off after testing the 18.20 level. It looks like the stock is regrouping and preparing to retest that 18.20 resistance level, and if it can break through it and hold; the stock should trade into the 20s as the holiday season is around the corner. Their focus on...