Conviction: 3/5 Should probably wait for better entry around bottom support (4/5) General Thesis Weekly RSI good entry level Daily RSI bounced off oversold, could still become bullish divergence with a lower low bounced off near-term (2017) support trend line since inception Growth Gross margins (45%) is pretty steady the last few years, at all...
Conviction: 3/5 likely (40%) to go down more to touch lower trend line support (2008) General Thesis potential bullish div on weekly RSI @ oversold levels could go down more to touch lower channel support (2008) hovering long-time resistance / support line from peak of 2007, which was broken by covid panic Growth Gross margins high (82%), but...
Conviction: 4/5 could have another leg down to complete bullish RSI-W divergence General Thesis breakout and retest from downward resistance line (2014) Weekly RSI at oversold levels - ALTHOUGH could have another leg down to complete bullish divergence 200WMA as support? c-leg down at 100% of a leg down Growth Margins are high, although came...
Conviction: 2/5 General Thesis Daily RSI grazed 30 2 days ago bounced off short-term trendline since May 2021 will be carried up if crypto bounces,which is looking likely Growth Gross margins (90%) is high Revenue growth high (300%) Value P/FCF N/A P/S below historical average but expensive at 9 Fundamentals & Balance Sheet low...
Lines on charts for the end of December 2021 through February 2022. Winter is here, with some storms ahead. Bitcoin looks to continue to follow the short-term trend down from the recent all-time high. I believe we broke up and are currently in a retest. Unfortunately, I don't expect it to hold. The next support is from a previous higher low at ~$45,475. No faith...
Conviction: 4/5 potentially better entry lower around 14.25 General Thesis breakout and retest of off long-term (2008) downward channel resistance weekly RSI did not touch oversold, but seems to hold at historical turning point Growth N/A Value N/A Fundamentals & Balance Sheet low investment in energy production unlikely to have high energy...
Conviction: 3/5 General Thesis Weekly RSI looks is attractive but likely to go lower Daily RSI turning up from oversold positions breakout from 2012 down trend resistance, could be the start of a leg up! target $60 Growth Gross margins (57%) is pretty steady, at/near historical highs Revenue growth (1.32%) around 75th percentile Value ...
Low conviction trade bounced off 100 and 200 WMA, could be good buy point but Weekly RSI is not at super attractive levels. on the other hand, daily RSI has been hovering at oversold levels for about a month now, so could be good entry.
Conviction: 3/5 General Thesis weekly RSI showed a recent bouc bounced off long-term (2008) support trend line Growth N/A Value from other research, value of value (i.e. relative performance of value and growth) is at historical highs (i.e. very attractive) also, US outperformance to international stocks is hitting upper bound of uptrend since...
Conviction: 4/5 General Thesis reaching long-term upper bound on channel (2007) Weekly RSI showing bearish divergence weekly MA look like they might be turning over Timeframe: 1 year-ish Growth N/A Value N/A Fundamentals N/A Potential Risks continued inflation + seller pricing power could go on for longer
Conviction: 4/5 need to break above descending resistance line for confirmation. depending on speed of ascent, upper channel points to $300 target General Thesis bounced off long-term channel support since 1984-ish recently in 2020 also seems to continue channel since 1999 bounced off short term channel since 2020 lows weekly RSI about neutral ...
Conviction: 4/5 Relative performance of Health Care against S&P 500 ( AMEX:SPY ) looks pretty good for the long term. However, it recently broke below support sooo not 100% sure, possibly 90% sure. However, $XLV seems like it might be ready for a drop based on its own trends. signal for near-term drop of the markets?
Conviction: 2/5 General Thesis breakout and retest of medium-term (2012) resistance line if inflation takes hold... silver could benefit, which could benefit silver miners Growth N/A Value N/A Fundamentals & Balance Sheet N/A Potential Risks been pretty weak lately silver OANDA:XAGUSD near support, can be risky
Conviction: 3/5 could go up some more in near term, but looks quite risky long-term (5+ years) General Thesis weekly RSI showing bearish divergence recently had multiple touches on long-term channel resistance (1991) Growth Gross margins (90%) at historical highs Revenue growth (18%) also high relative to own history, maybe 80th percnetile ...
Conviction: 4/5 General Thesis weekly RSI just grazed oversold levels, which means it could go down some more bounced off long-term (2008) support trend line Growth Gross margins (50%) is pretty steady Revenue growth (23%) slightly above historical average, bounce from lows in 2020 Value P/FCF below average (25th percentile) P/S below...
Conviction: 3/5 General Thesis potential bullish div on weekly RSI @ oversold levels could go down more to touch lower channel support (2008) fallen about 50%, normally fall 61.8% Growth Gross margins have steadily decreased since 2011 Revenue growth experienced high growth in 2020-2021, but have come down from 50% to about 15% Value ...
Conviction: 3/5 could have another leg down to touch lower channel line (2008) General Thesis could have finished 3 leg down correction Weekly RSI at oversold levels - historically only touches this level once before bouncing Growth Margins are consistently falling since 2011 revenue growth trending up, new ATH Value P/FCF expensive...
The only thing we can do now is to wait till mid/end December. A 2x is likely for ATOM in the short term. But, when the bear market hits I think it will be around 15$ maybe even lower.