Kemsdale

Kemsdale

Previously, I posted on the hourly how MSTR has formed a lovely H&S and that has followed through. Now, I believe we are entering another opportunity to get in with the formation of the cup. Handle needs to form for today. I am expecting handle formation and breakout on decent volume. It might also take the form of a flag. Underlying asset Bitcoin chart...

Kemsdale

Shipping stocks been in favour recently. ZIM is setting up nicely, I would like it to rest for this week and early next week would love to a break on huge volume. It is being bought up on any down bars. Might happen today as well so keenly monitoring this stock.

Kemsdale Updated 

I have not posted for a while, been busy trying to improve my trading entries and exit. I am back now and will be posting more regularly :). Nvidia has broken out of H&S pattern on 4 hour. Any retest to the highlighted orange area around 888-900 would be suitable for buying. Stops can be placed below the 10 DEMA or 20 DEMA. For conservative risk traders,...

Kemsdale Updated 

Coinbase reminds me a lot of BNB in the crypto market (2021 days). Coinbase has done remarkably well in the past one year. Earnings were good but investors/traders shunned the stock. The reasoning came down to costs increasing even though revenue estimates were knocked out of the park. The other reason mentioned, I believe this has more merit, Bitcoin prices....

Kemsdale Updated 

DELL has been doing well recently. Global PC sales are expected to be going up after years of decline. Next Gen PCs will be different to the ones we currently own as they would have AI incorporated in them. This would be good tailwind for Dell PC business. The area where DELL is putting most of their attention is in Data Servers. They have partnership with...

Kemsdale

Aussie wage data was not great but China flows have been helping Aussie lately. RBA stuck with the same rhetoric. If we get soft CPI data, expecting massive USD sell off tonight. My target would be 0.673 over the coming days or by next week where we have the descending trendline from monthly time frame, shaded area. AU10Y vs US10Y isn't inspiring confidence...

Kemsdale

Looking at MSTR today. Nice H&S formation on the hourly but we do need a weak CPI number to get into the trade. Risk on environment would be nice for a run up to 1500-1600. Depending on the price, will set by Stop Loss accordingly.

Kemsdale Updated 

DJT has some crazy short float percentage. Currently around 193%. Let me be clear, the fundamentals of this company are just simply bad. This is not for the faint hearted and this idea is pure gamble and sentiment play. Looks like we have entered meme season and election is coming up. Trump supporters might be ready to buy this hand over fist and everyone likes...

Kemsdale Updated 

SMCI is one of my favourite stocks. Unfortunately, earnings weren't the best but one swallow doesn't make a summer. Currently it is testing the upper boundary of this beautiful channel. I would need it to pop out of this channel and get past 880 area and then a retest to that level to start being bullish again (20% position). Another way to play this would...

Kemsdale Updated 

Arista Network has been a star. I was unable to get in after earnings but got in today. Earnings came in super strong and they also did share buyback recently. There was broad based growth in cloud, AI and enterprise business. Today, the break out of 306 came in with decent volume. My stop is below 300 and I personally believe this stock can do 2x from...

Kemsdale Updated 

Company Info: PROCEPT BioRobotics Corporation is a commercial-stage surgical robotics company. It focused on advancing patient care by developing transformative solutions in urology. The company develops, manufactures and sells the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally-invasive urologic surgery with an...

Kemsdale Updated 

Gold has broken out 3 month pennant. In my opinion, it is ready to go test all time highs now (I am super bullish). The best part of this breakout is look at the volatility measure through GVZ. GVZ has tested the lows and is starting to have a bounce. Every time Gold has tried to go above 2100, GVZ has been very high but this time around it's the other way...

Kemsdale Updated 

USDCHF has become extremely oversold and found support at that faithful Jan 5, 2015 morning where SNB shocked the world. My first target would be the 0.236 Fib level, then 0.382 which stands at around 0.904. SNB has removed the currency intervention paragraph in their latest statement. Inflation came a bit higher yesterday for Suisse but in line with Central...

Kemsdale

CrowdStrike reported earnings last night. Revenue were in line with Factset expectation but Earnings came in higher than expected. Revenue Y/Y grew around 33%. Annual Recurring Revenue growth increased 34%. Net new ARR growth accelerates to 27% year-over-year and reaches a record $282 million Earnings for 1Q were raised. Stops would be below 320 and...

Kemsdale

Solana is trying to break out the neckline of the H&S pattern. Just needs a bullish close this week and then it should be off to the races. Solana has been finding the most bids in this run among altcoins. Goodluck!

Kemsdale

AAVE has formed 2 year rectangle formation. Need to have a bullish close above 110 and then stops can be placed below 90. Goodluck!

Kemsdale Updated 

Apple has lost momentum here and so has the Nasdaq. Closing most of my longs and taking partial profits on most of my trades here. Nasdaq has broken H&S on the hourly and Apple is testing the neckline. Target is 168 and stops at 185. Shorting Apple is more from a risk point as Nasdaq might get pulled higher by Nvidia earnings. Nasdaq short target would be...

Kemsdale

In my previous BTC post, I said I am starting to move more down the risk curve. MSTR is breaking out of its 3 years resistance and honestly if BTC goes to 100k from here, MSTR will blast past 2k. Its previous high stands somewhere around 3.3k, that might be on too. I would suggest stops around 760 and just let it run. Goodluck!!