L: $40 Wall, $45 Long TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think within a trading day or so, it is likely to pass that $40 wall. My long term position overall for L is that it will continue mostly a positive correlation and pass the $45 threshold. Overall, I'm bullish at least until it reaches $45 (if that was the case). The market segments that L is offering, is slowly also going to start going up in demand, especially when Covid19 restrictions slow down.
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TSLA Target: Easily $1k+ by SeptemberFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Tesla has strong support, and Elon Musk looks to continue going out of his way beating production quotas. Yes many people think it is overrated, but operationally Tesla has one of the toughest management teams out there. You have constant targets being crushed, a large IP portfolio, and an innovation-centric company that is adored by analyst at Zacks or Motley Fool . Say what you want to say about it, but for years analyst were highly against Tesla. Many analyst are still trying to go out of the way to shorten it. Chart enthusiasts who just keep saying Tesla will go down 70% or reach $200 almost every other day in my opinion seem to not know what they are talking about at all. At least until the $1k price, so far I'm continuing being bullish on Tesla.
Bitcoin's Next Major Target + BTC vs. GoldFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. I may or may not have a conflict of interest. That being said, let me get into a few insights. The next target Bitcoin needs to hit within two weeks if it wants to near the $12k price by July is $10.5k. This will be the threshold target that needs to pass the resistance for it to continue a bullish temporary positive retracement. I also think for a long, there is a possibility Bitcoin could surpass its nearly $20k high within 24 months if it continues gaining momentum. If it meets the July target, then it could potentially surpass the $20k benchmark within 12 to 18 months. Compared to tangible assets such as Gold, the logarithmic curve for BTC is at a higher growth scale. Many traditionalist think BTC has no value because of tangibility. However, cryptography and math are the values of the future, and BTC is ahead of the curve of traditional asset classes. That being said, when looking at financial experts such as the legendary Warren Buffet or even Peter Schiff, they are alot smarter than me in the financial world when it comes to a variety of things. This includes financial modeling and economic/geopolitical forecasting. My risk averseness though is likely that of a Quant compared to a traditional investor (Quants prefer growth over stability). Buffet and Schiff are like old-schoolers of Wall Street. Sometimes people are historically wrong. I think for Buffet and Schiff, if BTC keeps gaining momentum and my hunch is right, they may have been on the wrong side of history. Hopefully for them, it wouldn't be another Steve Ballmer iPhone moment . Overall, I'm trying to look at Bitcoin through the lenses of an asset class.
BBBY: $10 Target Reached in 1 Day, High today of $10.18First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said the $10 target I predicted yesterday at the $8.37 price was met, making a 19.4% gain over a day in a decent stock. If I predicted the $10.18 high, the gain would be about 21.6%. It is traditionally a rule of thumb sometimes to be a bit off (though not intentional), because you don't want people to accidentally miss a small time frame and see that $10 price go down to $9.32 (which is what happened). That being said, this is a decent lesson on A) Charting patterns B) The importance of automatic sells. | Overall, I still have bullish hopes long term for anybody interested in this. However, I personally would just say put it on the watch list.
Mixed Feelings on $MARK Patterns --> Very Bullish Short TermFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. My expectancy for MARK is that it ends up hitting the $3.50 wall quite soon. Infact, a small interval looks like it can reach quite higher. There is also a large risk factor involved in the fact that at peak wall, its looks like resistance could start happening. I suggest if you buy, to put a sell order quite soon at a $3.25 bid in order to mitigate risk and have a quick profit turnover. If I am right, this could have been quite a decent strategic trade.
LK is High Risk, Went up 56.98%+ Today >$5 Target PriceFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. I have been following LK for a while, and haven't got it due to the risk factor and how it looked like a huge dump to many people in the market. I wish I bought it however at the $2.76 price point, but opportunities are missed. A reasonable short target is $5, and it may even surge and surpass $7. This is one of these stocks that you have to be careful in regards to stability and risk. Greed can make you lose everything, regulation can make you lose, and the "market noise" is problematic. LK is a dime in a dozen and when stocks go down like this, a breakout call is imminent lots of times. The really good entry seems to be missed, but its on the list. Definitely seems like with mid to high risk it can be a long position, and it looks like some opportunity is there for a short profit turn over.
LK was a Chance for me to Grow +178% but I Chose Not toFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, LK was a chance for me to buy at the $2.76 level. I chose not to buy it, than chose not to get it at $4.05 and still chose not to get it. The reason being is 1) The way it went high into the market and crashed didn't set well for me 2) Delisting rumors didn't set well with me. Some stocks I know will go up, but personally I don't like them on the fact that it feels riding on certain stock's waves feel like you are profiting while others are getting burnt. Sometimes it isn't all about the money. Reading articles like allegations of a fraud investigation , amongst others didn't set well with me. I'm not trying to accuse anyone or point figures, but I would be very weary on the fact that this is listed on the NASDAQ. Sometimes, it isn't all about the money. This seems like it is one of those times.
Hoping for Higher Growth, Just Sold $SLRX for $MARKFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, given that I am still bullish on SLRX, I think MARK (though the riskier bet in my opinion) is more the likely to have a much bigger surge next week in price. Zacks is also giving $MARK a buy rating by two different analyst. For my sanity's sake, I think a high confidence interval I will still be right, and it looks like we have been close in terms of approaching the dip prior to retracement. Excited to see what happens for next week!
$SAVE growth since Last Prediction, Log Curve Should StablizeFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think Spirit Airlines is a long hold in general but looks like it is soon about to dip given how long its bullish run was. I would take the nice profit and likely reinvest in the dip if that was the case, as the bubble can start getting broken. It peaked at 12% growth today before going down 7%, and resistance seems to be tightening up. If you want a higher profit turnover, I suggest not waiting until all your profits go down.
I Missed a Huge IPO Opportunity, Feeling Dumb Right Now :(First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, imagine having a chance to buy a stock at a $13 price point and doing a sell of for $42 within a day's time period. Had the chance to do that, and didn't. Didn't even get the stock. When you see a stock going down few hours Post-IPO, it is because many people are putting sell orders quick for profits and lots of activity happening during those time periods. Unfortunately, it can mess with your confidence and your judgement where you miss a great buy opportunity. I seen the stock's symbol from TradingView. It had hype. Now, I feel sick :(
LTM: $2.25 Price Target: High Risks = High ReturnsFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, here are a few of my insights. Currently, LTM has reached a spike after its bankruptcy protection filing. For people to say that LTM (which is at a dire financial position), will receive another spike is like listening to Johnny Cash's Ring of Fire , while on fire. It is a high risk pick, but I still think it is worth it. Realistically, I think a price target of $2.25 is imminent for a quick profit turnover. This is especially true if support continues.
Keeping a Close Watch on OBSVFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based based. That being said, at the current price for OBSV I think it can still find support and retrace to a $6.48 price threshold. This means for a short term stock, if I may right, there may be potential for a decent profit turnover a short period of time. However, this is high risk so proceed with caution if on you watch list.
Cramer was Off, Expecting a $10 Target now for BBBYFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Jim Cramer seemed to think in May that BBBY would have a tough recovery given they are "deemed nonessential". He was being conservative and I get that, but you know whose not conservative? Some random guy on TradingView whose not a CNBC analyst. I am expected continued support for Bed Bath's bullish run and that a $10 target could be imminent. Overall though given it is retail, I am still giving this a long but I expect the $10 target to be in a short time period. If it hits $10, I would flip for a profit turnover if I was to get this, than reinvest.
I Paper Traded these 8 Stocks since May 8th: $11.454K Profit SimFirst off, please don't take anything I say as financial advice or seriously. As always, this is on an opinion based basis. That being said, the stocks I paper traded off of a total of 10 trades with 11.45% profit off $100k simulated were: ETSY, TSLA, OSTK, DELL, NVDA, JD, NET, and FVRR. This was done to show I know how to also do a conservative trading strategy for holds rather than day trading or penny stock buy and sell, or other risky positions I am usually good at. That being said, I am not making a recommendation as of now on all of these stocks. Tesla I am pretty bullish on, as well as most of them, however the reason they did so decent is I was focusing on a Covid19 related time period. This is just a demonstration to show that you can still make good money while many markets are bearish. 100% of the simulated trades were profitable.
BBY: $88 Short Target because Post-Covid Shopping + DemandFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few insights. Best Buy is expected to have a positive continuation of its recent uptrends, and I have it on my watchlist. Currently, I am bullish on the supply and demand curve getting fixated and that it could hit an $88 price target quite soon. I also think it has some long potential as well, so I am ranking this a long.
MARK: $3.50 Target ($3.25+ Bid) Bullish AlertFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, after the downward spiral for Mark today and the strong analyst ratings for it, I can now finally recommend a buy entry on my opinion. I think it looks like it is about to soon break resistance and a positive retracement for the recent negatives is imminent as well as a bullish run from breakout.
SDC: $11 Short Price Target | 29.8% Growth PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, SDC should reach about an $11 price point quite soon and resistance is seeming to be high at this hour where people are shortening it while others are in hopes to buy long. I expect a continuation of the bullish pattern it has been facing, and think a $10.50 to $11 price target is quite reasonable for Smile Direct.
BTC Flipout: Price Drop and RetraceFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Also, I may or may not have a conflict of interest. That being said Bitcoin recently dropped, and yesterday it had an $800 price drop in under 5 minutes. This is most likely due to Bitcoin whales or large funds trying to hit automated sales at the $10k resistance level. Right after this short retreat however, I think Bitcoin is to retrace and hit $10k+ soon, and looks to have lots of long potential still.
MAR: Easily a $100 Short Target + Some Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I am realistically expecting Marriott Hotels to have some higher support levels the next few days, and hit that $100 price mark real soon. Personally, if I were to get this stock, I would sell at $100, and reinvest at higher growth stocks (though it is still going to go up). This means it has long potential as well, but may not be in the interest of a Quant like me.
Can Spirit Airlines start a recovery cycle?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. While, I don't personally like airline investments at this time period (for obvious reasons), I feel like as restrictions slow down, the supply and demand curve dramatically changes. Spirit Airlines already been dramatically beaten up a bit, and I see a positive retracement already happening for what will be a slow recovery cycle.
XCUR: Got Ways to Go $3.30 TargetFirst off, please don't take anything I been saying seriously or as financial advice. As always, this is on an opinion based basis. That being said XCUR has a reasonable target of reaching $3.30 soon in my opinion. It is still on a positive retracement wave looking at the entire chart history, and the bullish run looks to be continuing. The only reason I would enter now, short at $3.30 (if I was to do this trade), would be to reinvest in another stock or a dip.
The World is on Fire but Markets are RetracingFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, lots of geopolitical events have been dramatically changing markets. First you have Covid19, than the talks of trade wars going on, and now you have chaos on the streets, peaceful and nice protests on other streets. Our geopolitical climate seems like a mess, but it is just another day in 2020. Lots of people in the financial world will get really emotional and this is why you see days where everything is immediately shortened, and days where there is continued growth. Overall though, everything seems to be retracing and the market in general seems to be heading towards a positive pathway for recovery.
4 Stocks, I Been Watching like a HawkFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, the four stocks that I been currently bullish on that I am still watching like a hawk include SPTN, JNCE, ACB, SLRX. JNCE worries me in the fact that the market is unpredictable, ACB is very volatile from time to time, and SLRX didn't have the best week recently. However, I still think these are very strong picks and the opportunity cost outweighs some of the risk short term. I just need to be indicative of the patterns of these other 3 and not be too emotional, but I think they are still currently decent holds. As far as SPTN goes, still underrated given how great their very recent earnings call was.