Inflation has been rising aggressively since 2021. It accelerated from 2% to hit an all-time high of 9.1% in June 2022. As inflation rose, central banks like the Fed raised interest rates to control inflation . But this effort to control inflation, on one hand made money more expensive for the industries and on the other hand pushed consumers to reduce their...
Arista Networks, Inc. broke its key resistance and entered the advance zone on strong earnings growth. It stayed trapped in the price channel ($100-$140) for more than a year due to the downtrend in stock markets. But now with good volumes and steady growth behind it, it's taken a big step. ANET's revenue grew 49% (TTM) and income 61% (TTM) and is expected to...
SPX500 is surely at a critical juncture. Now its being held by its temporary uptrend support, where a small hammer like candle formed last trading day. Rising inflation, bond yield & subsequently expected interest rate hike by Fed are current challenges for the current market.
Before investing in Bitcoin or any other cryptocurrency, it is really important to understand the historical trend of BTC. Cryptocurrencies, which are very volatile, become easy to understand and invest when we know the trend of BTC. FIRST BULL RUN - 2012 BTC's first bull run started somewhere in 2012 and resulted in a 36,000% surge in almost 2 years. If...
LUNC is finally ready for breakout after staying in tight pricing zone for more than a month. Notably, it made almost 900% gain from its All-Time Low and then entered pullback mode. There it remained dormant for a few weeks. I am not aware about any specific news that may have caused this attempt for breakout, but technicals tell it is ready. Moreover, the...
TSLA is in bottom formation. It broke its trendline resistance with strong buying volumes and formed breakaway gap during announcement of its quarterly results. This giant of electric vehicles stayed in topping zone for almost 2 years. Topping is a phase when a stock lacks any clear direction of movement and keeps swinging between a price range. After formation...
ANET is resting for a while in its accumulation zone. This cloud-computing company experienced a boom in 2021 when its price doubled. However, by the start of 2022, it has entered accumulation stage after witnessing a brief failed decline. FUNDAMENTALS OF ANET ANET has impressive fundamentals. Its financial results are better in every quarter than its...
TGLS is preparing for a strong move on rising earnings. Entering Advance Zone TGLS has entered the advance zone after being dormant in accumulation for more than a year. Buying volumes are increasing every day, indicating massive accumulation by pro-investors. Further, it formed breakaway gap on the day of its quarterly earning results. Earnings Growth...
SPX will soon touch the buy zone near 3500-3700. Marked by green rectangle in the chart, this is very crucial zone for the following reasons: 1. This zone is supported by long-term, uptrend channel. 2. It is also supported by short-term, downtrend channel. 3. Market has already recovered from this zone once. Here are also fundamental reasons to believe why...
LKNCY has made a powerful breakout from its accumulation zone. This breakthrough came on the back of strong quarterly earnings, positive net income, and growing revenue. INTRODUCTION: LKNCY is a strong rival of Starbucks in China. It is rapidly adding new stores, reaching the nationwide number of nearly 8,000. In contrast, Starbucks has 6,000 stores in China...
Both the chart pattern & recovering financial performance show that STNE is preparing for a parabolic move. I was wondering why this Brazilian Fintech Company, which had stunning financial performance in the previous years, nosedived from 90 to 10 in hardly one year. A decrease of almost 90% - that's scary for every investor. The reason I found is the bad...
After following long-term down-trending channel, PDD has now taken successful reversal. It is now: 1. Following an up-trending channel 2. Has completed Golden cross (50 MA crossed above 200 MA) 3. Has support of positivity in Chinese market 4. Has support of improving financial performance Have any questions? Please feel free to ask in the comments. Refer my...
PDD is ready to fly. Here are some solid reasons: REASON 1 - Accumulation Completed Down since February 2021, this e-commerce platform of China has taken a reversal. Entered accumulation zone in March 2022, now enough buying volumes and positive earnings have pushed it out of the accumulation zone. Breakout has occurred at 73 USD key price level, and so now...
You may already be aware what I am going to tell. But I suggest learn these points again! Stock Market is in a Downtrend US Stock Market is in a strong downtrend. This downtrend began in January-2022 when soaring inflation straddled the market. There is high volatility as evident by wide swings between down-trending channel. These wide swings show uncertainty,...
Saw the red line! It is now hit the 4th time by the market. Although oil has come down from 130 to 80 USD per barrel giving some relief to the oil-dependent economies and inflation is also in a downtrend, the problem is worse and deeper. This alarming deeper problem is US debt which is now 137% of the GDP. Imagine it was hardly 67% in 2008 during the financial...
Futu - a Chinese online brokerage & wealth management platform has finally broken its resistance of accumulation zone forming an ascending-triangle chart pattern. This stock has tremendous potential. Let's know why: 1. Accumulation Completed Futu entered accumulation stage (stage 1) somewhere in December 2021 following a steep fall inline with general market...