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BJBR: FALLING WEDGE, REGIONAL BANKING BULLISH POTENTIAL?Hello Enthusiast Stock Traders! Here's Long-Term outlook for BJBR , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) BJBR has broken out of the falling wedge pattern. This could be an indication of potential bullish movement ahead. The MACD already crossed above the zero level area, it signify the potential upside movement ahead. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the Stock.
IDX:BJBRLong
by financialfreedomgoals101
1
BBRI: SIGN OF OPTIMISM IN INDONESIA BANKING STOCKS?Hello Enthusiast Stock Traders! Here's Long-Term outlook for BBRI , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) BBRI has broken out of the falling wedge pattern. This could be an indication of potential bullish movement ahead. The MACD starts crossing near the zero level area, it signify the potential upside movement ahead. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the Stock.
IDX:BBRILong
by financialfreedomgoals101
2
Coinbase 2021 DPO = Facebook 2012 IPOIdea: Coinbase = Facebook The first 6 months after Coinbase’s DPO reminds me of Facebook’s first 14 months after its 2012 IPO. The exponential increase over the last decade in the velocity of money and how it is exchanged in the markets seems to be a reason why a stock like Coinbase can do movements that previously took 14 months in just about 6 months. That’s 58% faster if we go along with exploring this idea. As of today, Coinbase’s chart looks like it has been emulating Facebook’s. If we take a look into Facebook’s all time chart we’ll come across some interesting technical “coincidences” when extrapolating the 3.618 Fib extensions. If we take the Fibonacci of the all time high of $44.62 and the all time low of $17.43 during the first 6 months of Facebook’s life we get a 3.618 extension of $118.33 that came into existence 4 years later. If we take that all time high of $118.33 and the all time low of $17.43 and we extrapolate and do another Fib extension, the 3.618 lands at $378.76; exactly where the bull run ended (as of today) for Facebook in September of this year. It took 5 years to get to that point from the previous 3.618 extension, but the path had already been drawn. If we extrapolate Coinbase’s potential 3.618 future extensions, we get $1,022 and $3,138. As of 2021, Coinbase sits at a market cap of $68.5 billion. In the banking industry, JPMorgan Chase sits at the #1 spot with $503.5 billion. If Coinbase gets to $3,138 (basically a 10x) that would mean that it would surpass JPMorgan and achieve a future market cap of $671 billion. If Coinbase does a memeish move similar to what Tesla did recently, where it basically took over the entire car industry’s market cap, who knows where it could go. I don’t think this will happen this year or anytime soon, but if it took Facebook 9 years to get close to a $1 trillion market cap, and we take into consideration the exponential change in the velocity of money, it wouldn’t be that inconceivable to think that Coinbase can reach that valuation 58% faster, or in other words, 4 years (or let’s say 5). What’s the likelihood of this scenario happening? Who knows really, but I think that it’s more probable than not. We can take the following into consideration: Coinbase hasn’t even started offering traditional stocks through its exchange. What will happen when/if retail gets the opportunity to trade stocks like Google and Apple through mirror synthetic tokens of their stocks? What will happen when/if Coinbase provides ROTH/IRA/Retirement products through their platform? What will happen when/if Coinbase integrates a social media platform? What if the future of the said Metaverse is not within Facebook but within Coinbase? What if businesses start generating more revenue through Coinbase sales funnels? Just food for thought. Thanks for reading if you got all the way here. *I’ve been diversifying my crypto profits into Coinbase stock since late April, from the $320s all the way down to the $210s. After June, every time it went over $260 I paused accumulating. Up till now, I’ve managed to average a $242 entry price. As of the moment, I’m in a hold position, and currently not buying. Wall Street has set a short term high sell target between $385-$600 and a low buy target between $160-$220. Only time will tell.
NASDAQ:COINLong
by SamuelMedina
4
BBRI: INDICATION OF POTENTIAL BULLISH TREND ON BANKING SECTORSHello Enthusiast Stock Traders! Here's Long-term outlook for BBRI , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) BBRI has broken out of the Falling Wedge Pattern. Breakout of Falling Wedge could indicates the possibility of bullish movement/reversal ahead. The momentum indicator already crossed above the zero level, it signify the potential upside movement to the target area. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the stocks.
IDX:BBRILong
by financialfreedomgoals101
$UPST - Is this just the start?!?!This is a hyper bullish count, but considering what this name has done recently and the massive increase in guidance from management, this is far from impossible. 1) Either we have completed a primary 5 wave structure, giving us wave 1 of the cycle around 300 (in yellow) and will now begin a cycle wave 2 that could take us to between 84-135, before a wave 3 takes us to a mind boggling value of 550-600 (white dotted line)....I don't wanna get ahead of myself, but a full completion of this count takes us to 800+, and more likely closer to $900+. This hyper bullish scenario could play out if Upstart is truly the disruptor it claims to be. OR 2) We are in a triple nest which is currently playing out with cycle wave 3 (yellow count, but 3/4/5 are not complete yet), a primary wave 3 (red count, w3 not complete yet, targeting ~400) and an intermediate wave 3 (pink count) which just reached its 161.8% target of ~290. From here we could see a retrace for primary W4 to around 235-210, before we reverse for a intermediate wave 5 and head back to ~400 to reach the primary W3 target (red count). The interesting thing about this is, when you take the red count to its final wave 5 target, you end up at 560-600! this is the same range as W3 target of scenario 1. Regardless of how you count is, you end up at 400, then 600 then 900. The key is, do we hold 235-210, confirming that we are in the triple nest, OR do we fall below 200 and back down to 135-84, confirming that we have just completed cycle wave 1 at 300. Basically, this is looking like a massive opportunity with buy zones at 235-210 and 135-84. Give this name a couple of years and see where we end up! BTFD
NASDAQ:UPSTLong
by ir-rizzle
1