VYNE Biotech Post Earnings VYNE had a favorable earnings report last week. Fundamentally, analysts predict ( linked)
approximately a doubling of the shart price in the next year. Like many low share priced
biotechnology stocks the price is based on perceived future earnings which can be affected
by favorable FDA process, or well-received research at industry conferences and changing
financials within the company. In general, they have a low beta meaning these stocks are not
general market responsive and run on their own present or future merits.
On the 15-minute chart VYNE was trending down into earnings and the pivoted with a reversal
into the present. The Luxalgo AI "Echo indicator" predicts an upside of 20% in the next two
days before a consolidation period. The "Trendflex" indicator has flipped to postiive and green.
I will take this long trade with a stop loss of $0.15 per share and target of $9.00 over two days
for a 20% ROI and a R:R of 0.15 risk / $ 1.50 reward for a 10:1> Iwill only take biotechology
trades long with a high R:R due to the inheret risk level.
Earnings
Robinhood ($HOOD) - Riding High, But Earnings Could Bring a CoolNASDAQ:HOOD Robinhood ( NASDAQ:HOOD ), the popular retail trading app, has seen its stock price heat up over the last four days. However, with upcoming earnings on the horizon, we might see a cooling off period for the stock.
Recent Run:
Over the last four trading days, Robinhood's stock has demonstrated strong bullish momentum. The rising trading volumes and positive price action suggest heightened interest from investors and traders. This kind of rapid price movement often stirs up excitement and speculation, which can fuel further price increases in the short term.
However, Robinhood is set to report its earnings soon. Earnings announcements often bring increased volatility due to the uncertainty surrounding the company's financial performance. If the earnings report falls short of market expectations, it could trigger a sell-off, thereby cooling off the recent hot streak.
NASDAQ:HOOD Has shown some financial fluctuations that are worth noting. Here's a detailed analysis based on the provided data:
Share Values:
- The Earnings Per Share (EPS) is at a negative value of $1.17, which indicates that the company is not currently profitable. This is, however, a significant improvement from the previous year when the EPS was -$4.38.
- The Book Value Per Share has slightly decreased from $8.44 to $7.79.
- Sales Per Share have decreased by 39.41% YoY, showing a drop in the company's sales revenue.
Profitability:
- Both the Return on Equity (ROE) and Return on Assets (ROA) are negative, indicating that NASDAQ:HOOD has not been successful in generating profits from its equity and assets.
- However, the Gross Profit Margin is high at 91.016%, showing that Robinhood has been able to retain a large proportion of its sales revenue after direct costs.
- The Operating Profit Margin and Net Profit Margin are both negative, indicating the company is not currently operating profitably.
Activity Ratios:
- The Total Asset Turnover is quite low at 0.05819, showing that Robinhood is not effectively using its assets to generate sales.
Financial Ratios:
- Robinhood doesn't have any long-term debt, which is a positive sign for its financial health.
- The Financial Leverage has increased, indicating that the company has been relying more on debt to finance its assets.
- The company has a quick ratio of 0.84975 and a current ratio of 1.41, both of which are indicators of short-term financial health. The ratios suggest that Robinhood should be able to cover its short-term liabilities with its short-term assets.
Valuation:
- The Price to Earnings (P/E) ratio is negative due to the company's negative earnings.
- The Price to Book (P/B) ratio is at 1.0447, which is relatively low and may indicate that the stock is undervalued.
Growth Rates:
- Revenue growth rate is currently negative at -25.185%, indicating that the company's revenue has been decreasing.
In summary, Robinhood is showing signs of financial struggle with negative profitability and a decline in sales per share. However, the company has a strong gross profit margin and no long-term debt. It is also important to note that the EPS has improved significantly, which may indicate a potential turnaround in profitability. Investors should carefully evaluate these factors and consider the company's future prospects before making an investment decision.
Risk Consideration:
While the recent uptrend might be enticing, it's essential to consider the inherent risk involved. Rapid price increases can sometimes precede sharp declines, particularly if the surge isn't backed by strong fundamental performance. As such, investors should be cautious and ensure their investment decision aligns with their risk tolerance and investment strategy.
Conclusion:
Given the recent run and the upcoming earnings, NASDAQ:HOOD presents a fascinating scenario for traders and investors. The forthcoming earnings report could be a pivotal event that either sustains the momentum or triggers a cool-down period. As always, investors should approach with caution and consider their risk tolerance and investment goals before taking a position.
A Breakthrough Resistance, Earnings on the HorizonNYSE:DIS Disney ( NYSE:DIS ), a leading name in global entertainment, recently broke through a significant resistance level at 103.58, showing potential for further upside. With a soon-to-be-released earnings report and strong fundamental performance, the stage seems set for an exciting play.
Technical Outlook:
Disney's stock price broke through a key resistance level at 103.58 on May 8th then shortly fell after. This shift suggests a possible bullish sentiment in the market. Coupled with the upcoming earnings report, this breakthrough could act as a catalyst for a retest of this level and potentially push the price towards the next target level at 106.25.
Fundamental Performance:
Disney's financial performance shows encouraging signs. The Earnings Per Share (EPS) has grown by 36.60% YoY to $1.82, a positive indication despite it being lower than the 2018 figure. The Book Value Per Share and Sales Per Share have also grown YoY, suggesting an increase in the company's underlying assets and revenue growth.
The company's profitability ratios have improved, with an increase in Return on Equity (ROE), Return on Assets (ROA), Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. These figures suggest improved cost management, operational efficiency, and overall profitability.
Disney's activity ratios show an increase in Total Asset Turnover and Inventory Turnover, indicating more efficient use of assets and inventory management.
In terms of financial health, Disney has reduced its Long-term Debt to Capital ratio and Financial Leverage, suggesting a decrease in risk as the company has become less reliant on external liabilities.
Valuation and Growth:
Disney's current P/E ratio is higher than its 5-year average, which might suggest overvaluation, while its lower Price/Book Value ratio could indicate potential undervaluation based on net assets. A comparison with industry averages would provide a more comprehensive perspective.
The company has shown positive revenue growth. However, the EPS growth rate is negative on a 5-year average, indicating some earnings instability.
Conclusion:
Disney's stock presents a compelling opportunity, with the recent technical breakout and robust fundamentals. Investors, however, should consider the mixed growth rates and valuation signals. As always, thorough research and possibly consultation with a financial advisor are recommended before making any investment decisions.
Wendy's - Strong Dividend Growth Amidst Profitability ChallengesNASDAQ:WEN , the well-known fast-food chain, presents a mixed bag for investors. While the company has managed to increase dividends and improve sales, a drop in profitability and free cash flow, along with an increased reliance on debt, may raise concerns.
1. Earnings and Profitability:
Over the last twelve months, Wendy's earnings per share (EPS) decreased by 8.67% to $0.82, indicating a drop in profitability. This is further emphasized by the decrease in both the Return on Equity (ROE) and Return on Assets (ROA), suggesting the company's efficiency in utilizing its assets and equity has declined. Furthermore, the gross profit margin has dropped by 6.58% to 50.256%, and the net profit margin has decreased by 24.80% to 8.4643%. This could be a concern for growth-focused investors.
2. Dividends and Book Value:
On the brighter side, Wendy's has shown a robust growth in dividends, increasing its payout by 14.00% to $0.50 per share. This is a positive sign for income-focused investors. Moreover, the book value per share has increased by 7.49% to $2.19, indicating an increase in the company's net asset value.
3. Cash Flow and Debt:
NASDAQ:WEN free cash flow per share dropped by 14.14% to $0.73, indicating a potential liquidity challenge. Also, the company's increased long-term debt to capital ratio and financial leverage indicates a higher reliance on debt, adding to the company's financial risk.
4. Valuation and Growth:
The P/E ratio is higher than the 5-year average, suggesting that Wendy's might be overvalued at the current price. However, the higher dividend yield could be attractive for income investors. Revenue growth is positive, yet the decrease in net income and EPS suggest lower profitability in the future.
Conclusion:
Investors considering Wendy's should weigh the strong dividend growth and positive revenue trend against the concerns of profitability, cash flow, and potential overvaluation. As always, it's advisable to consider your risk tolerance and investment goals before making a decision.
Bullish Reversal Expected for Occidental Petroleum (OXY) NYSE:OXY Occidental Petroleum (OXY) experienced a sell off on May 8th, with a decrease of $1.73 (-2.85%). The stock has a very strong support level at $58.64, and I believe that if OXY reaches this level or falls slightly below it, a bullish reversal is likely. This pattern is similar to what happened on May 4th, 2023. Traders should also be aware that OXY is scheduled to report earnings after the closing bell tomorrow.
We anticipate a potential bounce for OXY at the strong support level of $58.64. If the stock hits this level or falls slightly below it, we expect a reversal to the upside, similar to the price action observed on May 4th, 2023. Our target prices for this bullish reversal are:
1. Target Price 1: $60.11
2. Target Price 2: $61.16
Occidental Petroleum is set to release its earnings report after the bell tomorrow. This event could introduce additional volatility and impact the stock's price in either direction. Traders should monitor the situation closely and be prepared to adjust their strategies based on the earnings results.
In summary, this trading idea suggests a bullish reversal for Occidental Petroleum (OXY) at the strong support level of $58.64, based on the technical analysis from May 8th. However, traders should be cautious and prepared to adjust their strategies in response to the company's earnings release tomorrow, which could lead to increased volatility in the stock's price. As always, it is essential to manage risk and maintain proper trading discipline when executing any trading idea.
Unchanged YearThe month of May was brutal for EXPE with the stock loosing over $100 worth of price value going from $200 down to around $90 a share. Since July of 2022 we have seen some slight range bound movement with price making its way right back to around the $92 price point as of today. With earnings coming out negatively for the last the quarters, revenues continue to roll in. I'd be curious to see how EXPE performs in the coming years as AI begins to play a larger part in the way that people travel.
To the Mooon?SPCE is stirring up headlines again to try and gain some trading volume it looks like. Their PR team is quite tactical in positioning articles perfectly around earnings reports. Is this some positive news to maybe provide a story to the upcoming earnings report? With the stock being essentially on a slow descent back to earth since it dropped down below the $10 price range, is this where we found some support with the double bottom structure forming. With shares at just $3.91 you can now pick up shares at a great discount compared to IPO.
PYPL miss on earnings earnings?Based on the financial data, here's a summary of the company's performance:
Share Values:
- The company's earnings per share (EPS) have decreased by 68.27% YoY to $2.09 in the TTM.
- The book value per share has slightly decreased by 4.23% YoY to $17.85.
- Free cash flow per share has declined by 14.72% YoY to $4.80.
Profitability:
- Return on equity (ROE) has significantly decreased by 73.40% YoY to 11.519%.
- Return on assets (ROA) has also dropped by 73.18% YoY to 3.4418%.
- The gross profit margin has decreased by 10.96% YoY to 42.347%.
- The operating profit margin has decreased by 15.97% YoY to 14.696%.
Activity Ratios:
- The total asset turnover has increased by 4.26% to 0.34958.
Financial Ratios:
- The long-term debt to capital has increased by 20.36% to 33.942%.
- The financial leverage (assets/equity) has increased by 10.14% to 3.8827.
- The quick ratio has improved slightly by 3.35% to 1.2332, and the current ratio has increased by 4.19% to 1.2753.
Valuation:
- The current price-to-earnings (P/E) ratio is 36.382, lower than the 5-year average of 53.032.
- The current price-to-cash flow ratio is 13.16, lower than the 5-year average of 26.607.
- The current price-to-book value ratio is 3.9906, lower than the 5-year average of 8.4692.
Growth Rates:
- Revenue growth rate is 8.4624%, lower than the 3-year and 5-year averages of 15.689% and 16.044%, respectively.
- The net income growth rate is negative at -41.976%.
- The earnings per share (EPS) growth rate is negative at -40.573%.
- The book value per share growth rate is negative at -4.059%.
In summary, the company has experienced a decline in profitability, with significant drops in ROE, ROA, and EPS. The gross profit margin and operating profit margin have also decreased. The company's valuation ratios are lower compared to the 5-year average.
NASDAQ:PYPL PayPal Holdings Inc. (PYPL) has been moving in a sideways pattern since mid-February, facing strong resistance at the 95.50 level. The last time PYPL broke above this level was in August 2022, and the rise was short-lived, with the stock only gaining $5 before falling back. The company's financial performance has been weak, with significant declines in ROE, ROA, and EPS, as well as deteriorating profit margins. While the valuation ratios suggest that the stock might be undervalued, it is essential to consider the overall financial health, current market conditions, and future growth prospects before making any investment decisions.
Trading Idea Summary:
This trading idea aims to capitalize on a potential missed earnings due to the company's weak financial performance. The goal is to enter a short position if NASDAQ:PYPL goes below $73.53
Profit Target:
Set a profit target based on a minimum risk-reward ratio of 1:2 or 1:3. For example, if your stop loss is $1 away from the entry point, set the profit target at $2 or $3 below the entry price.
Risk Management:
Ensure proper risk management by risking only 1-2% of your trading capital on this trade. Calculate your position size based on your account size, the entry price, and the stop-loss level.
Trade Management:
Monitor the trade for any significant changes in the company's financial performance, market sentiment, or industry-specific news that could impact the trade. If the stock starts to show signs of strength or breaks above the resistance level, consider closing the trade early to protect profits.
Note: This trading idea is based on the technical analysis of PYPL and the company's financial performance, along with current market conditions. It is essential to conduct your own research and analysis before entering any trade, and adjust your risk management and trade setup according to your personal trading style and risk tolerance.
Pay attention to the rhythm of short or long gold tradingUnder the stimulus of the news and the support of strong buying, gold has risen rapidly to the first line of 2040, and the energy of gold bulls is strong. There will be important data on Friday, and non-farm payrolls data will be released.So what should we pay attention to next?
1.Short-term trading is still dominated by long positions at low levels, and short-term support refers to the 2018-2016 area;
2.When gold makes a second upward attack after falling back, pay attention to the first-line breakthrough situation of 2070. When it touches 2070 for the first time and is not broken, you can consider shorting gold at this position; if the 2070 position is successfully broken, you can consider shorting gold at 2076-2078.
The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish the more detailed trading rhythm and entry position in my channel, and I will adjust and optimize the trading signals in real time according to the market situation.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
Free Market vs The FedAs of late, the vast majority of us probably have been hearing about "too big to fail" or " a free market vs. a central market" What does all of this mean?"
Well, let's go over some of the basic stuff. As in some of my prior posts, it is important to understand that the "Fed" does NOT control mortgage rates or loan rates from your local banks. Let me repeat that the Fed does NOT control mortgage rates or consumer loan rates
So now you might ask yourself why the Fed raises rates matter?
Well, that's a great question. Because, in short, it should not matter if we were in a free market. Well, sadly, we are not in a free market. We are in a centralized market with different flavors available to us.
"Ah, but Guy, you just contradicted yourself by saying the fed does not control mortgage rates, and now you're saying we're in a controlled market rabel rabel rabel "
Let me explain... The Fed cannot have any direct contact with "average" consumers; it's currently illegal FOR NOW . Now, everyone, the biggest fear with CBDC is a rightfully placed fear. And we will discuss this in a separate post.
So, view the Federal Reserve's manipulation of the economy as a game of pool (billiards) or snooker; what have you. In billiards (for the purpose of the post, billiards = pool), the player cannot directly hit the numbered balls with the stick (cue). Instead, one must use a medium to engage the cue ball. So, to pocket your balls, you must have a small degree of understanding of physics to transfer energy from you to the stick to the cue ball to the desired ball into the desired pocket.
The Fed (cue) is the same way. They set the FFR (cue ball), which then goes to the regional and big banks (numbered balls), which then sink into the economy (pocket)
So, how does this work? To explain that, you need to understand how a bank makes money.
(The Following is highly watered down for simplicity's sake)
A bank does not make money because you have an account with them. On the other hand, a bank makes money BECAUSE you have an account with them.
So when you use your local JPM, WFC, or C bank :) as a piggy bank, they pay you an interest rate of something like a percent of a percent; however, it's still considered a liability to the bank because that's cash flow going to you from them even if it's a penny a year.
So, how can they make money then?
The fractional Reserve system. Mike Maloney debates this, and I'm super interested in hearing his thoughts on this... another post for another time.
What is the Fractional Reserve System? Basically, for every dollar you put into your account, the bank can lend out 10$
It's basically in place because you're not running to the bank to close your account. So, they can do this. When you put money into your account, it's already out the door into someone else's pocket in the form of a loan by the time you place your wallet in your pocket/ purse what have you. And that's probably too slow for the bank. (velocity of money)
Well, that bank's balance sheet of physical liquid cash probably only is enough to pay the onsite staff hourly wage the bank needs more. so they have one of two options
1. go to the Fed and borrow money at the FFR
2. go to the repo market and borrow from another bank by offering t-bills and bonds as collateral. (shadow banking)
Typically they go with number one because it's cheaper.
The vast majority of times they use the repo market is for cash now! or if their risk management department is trying to make some quick cash off the bond market. (shadow banking is outside the purview of this post, and I'm still learning about it. I will post about it later)
( the fed lining up their billiard shot) So, the Fed has decided the US economy needs to grow more...
(the Fed hitting the cue ball) So, lets say the Fed makes the FFR 0% (hypothetically LOL)
( the cue ball hits the numbered ball) So your local JPM will go to the Fed and take out a loan at 0%, so they need to lend this money out and make money, and make their, JPM's rate, interest rate on that money 3% LOL!
(The numbered ball sinks into the desired pocket) you the consumer want to go out and buy something you can afford on your 9-5 salary.
So you go to the bank and qualify for a loan at their 3% rate to be amortized over 10-30 years, and the economy grows.
If that sounds familiar its coincidence LOL
However, in a free market how it would work is the loan system would be heavily dependent on the local economy and local wage potential.
How?
If a bank is set up in an area with low-income earning potential, then the market will tell the bank exactly how much they can charge on money.
Example: let's say the Risk Manager at your local WFC decides he is conservative and makes the DTI Ratio for loans 30%. That means the minimum someone must make for a 200,000$ loan is around 60,000$. If the local median income is 45,000$, no one can afford a 200,000$ loan. The maximum loan amount they can make is around 150,000$.
So, for the bank to grow, it either needs to up the DTI requirements, it needs to be content with its current earnings and hope the area grows or wages increase, or it can close down and move.
Now where the free market comes into play is when WFC is having their DTI at 30%, JPM is at 40%, and C is at 60%, (free market remember) in the same area as the example
The following happens:
WFC sees their default rate is less than 10%
JPM sees thier default rate at 40%
C sees thier default rate in the upper 80%.
So, what this means is that the market is telling WFC they are leaving money on the table but are playing it safe. Because less people qualify for the loan
JPM has almost found the sweet spot. 40% of their loans are in default, but more than half are paid on time. could use some minor tweaking but solid none the less. (With my risk tolerance, 30-35% default is a good number depending on loan size.)
C is in trouble because they have lent out too much, and people can't afford that much money in the area.
So in a free market, WFC will fail in the area because they're not seeing enough volume, and C will fail because they're seeing too much volume. which leaves JPM to buy up both of the failing banks and grow bigger LOL!
Big Things in 2023Cepton ( NASDAQ:CPTN ) has been quiet for a few quarters now. Earnings are coming up on May 9th and revenue is expected to increase each quarter to 2024. According to TradingView's Forecast, 3 out of 5 indicate CPTN is a strong buy. The expected revenue growth through Q4 2023 is expected to grow almost 4x from where we are now. What is great, is no one is talking about Cepton. Reddit, TradingView Ideas, and our typical blogs have been radio silence. The current RSI indicates we are likely oversold in the latest dump and have an opportunity to grab a good entry as we head to 2024. With each Automaker investigating how to implement LiDAR solutions in their future product, they will likely need to work with one manufacturer and stick with them due to challenging packaging constraints and system integration work with each LiDAR module. I expect that the contracts that CPTN currently has and future business to be long term revenue generators to help them achieve these revenue targets. As more automakers launch products and reveal future vehicles with autonomous systems utilizing LiDAR, this will be a stock to watch.
Let me know what you think.
Economic Recession 2024Economic Recession 2024
This aggressive rise in interest rates and the resulting inverted yield curve caused us to pull in that anticipated mid-decade recession to 2024.
If the Federal Reserve Board decides to be even more aggressive, it could make the recession steeper and potentially prolong it into 2025.
Emerald Resources (EMR:ASX) Wedge BOHey all, I'm still very new to investing but have seen success with EMR.
I was an investor in Bullseye (BE) who was acquired by Emerald Resources (EMR)
I've been quite a strong believer in gold more recently due to the current world events happening around us and also believe there is some more economic pain to come in the future.
I'm in no way a pessimistic person however whilst looking at the world economy and the possibility of it slowly ticking down and being realised that a sickness resides deep within gold has become more and more popular as a defensive commodity.
So, let's jump into my TA.
I was awarded 8650 shares of EMR valued @ 80c
There is a lot of positive signals in the books and within the graph itself.
I identified a form of wedge and some areas of interest in the forms of the orange lines which act as S/R levels.
I'm currently aiming for $1.6
Bank Nifty Prediction for Tomorrow - 27 Aprilon 26th April 2023 Spot Nifty Bank Closed at 42829.90 (+ 0.35%)
Pivot Level : 42712.61
Support Level : 42549.54 / 42269.17
Resistance Level : 42992.98 / 43156.05
Scenario 1 :- If Bank Nifty opens flat and trade flattish at the level 42870, go for put Option or Future selling with Strict Stop Loss of 42885 for target of 42350.
Scenario 2 :- If Bank Nifty breaks high of today's level than, go for call Option Buying or Future buying with Strict Stop Loss of 42855 for target of 43300. But it can be very risky trade, so take minimum positions.
for more visit - investordost dot in
Nifty Prediction for Tomorrow - 27 Aprilon 26th April 2023 Spot Nifty Closed at 17813.60 (+ 0.25%)
Pivot Level : 17784.18
Support Level : 17740.62/ 17667.63
Resistance Level : 17857.17 / 17900.73
Scenario 1 :- If Nifty closes any candle above 17863, we can enter in call option or buy futures for the target of 17950 with Strict Stop Loss of 17843.
Scenario 2 :- If Nifty closes any candle below 17770, buy a put option or sell futures for target of 17650 with very small Stop Loss 17792.
Scenario 3 :- If Nifty hits the stop loss in scenario 1 than ignore reentry in positive positive. Instead of positive, we can create negative position by buying put option or future selling with stop loss of 17875 for the target of 17650.
Earning season is hereThe earnings calendar is loaded this week, with heavyweights reporting in every sector. All told, about 35% of the companies in the S&P 500 Index will spill numbers this coming week.
While the earnings season is off to a relatively solid start, concerns over the impact of inflation, high interest rates, and a potential U.S. recession are still very much in the mix. Economic releases of note in the week ahead include consumer confidence and new home sales on April 25, durable goods orders on April 26, and the closely-watched employment cost index on April 28. Federal Reserve members will be out on the speaking circuit on Monday before the blackout period begins in advance of the FOMC meeting on May 2-3. On the political front, the House may vote on a bill that would raise the U.S. debt limit for about a year and cut federal spending.
Skeptical on her StrengthThe holdings of Zomato will yield more pain...
However, revenue from operations looks consistent. The exceptional items of the balance sheet hurt investor sentiments. As the rising liabilities in last four quarters and astounding expenses on Ads and employees is affecting the operating margin
Neutral GOOG | Earnings week ahead. Potential Bear Flag at playAlphabet, Inc. engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
It operates under the Google Services and Google Cloud segments.
The Google Services segment includes ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
The Google Cloud segment offers Google Cloud Platform and Google Workspace.
Earnings week continues for Big tech. NFLX & TSLA dropped on earnings update, will the AI kings lead the market lower this week if they miss and don't mention AI?
Technically,the daily continues on a distribution, a break below HKEX:104 , favors a short towards HKEX:95 ;
Disclaimer: No position open. Not financial advise nor recommendation.
Will $KO get KO?This is NYSE:KO , strong dividend stock, but the beauty of this is that. Right now it have been testing to create a new high. Ever since it struggle to hold above 54 in 2021 it currently using it as the of what could be a displaced inverse head and shoulders. Primarily a beverage company, unlike its competitor $PEP.
Bullish Case - It is not the clearest inverse head and shoulders but obvious none the less. With earnings approaching a strong report could help break above 64.25 and start the higher high needed for the uptrend. This buy signal looks really strong.
Bearish Case - This snail will not make any highs! Do you see the down trend it is creating? It has created an all time high in 2022 time to settle sub BMV:60 before going higher. When the earning drop it will confirm the fact that it is on a decline that will continue. People want a healthier alternative to the Coca-Cola classic..... out with the old!!!
BBBY Possible Double Bottom FormingPossible double bottom forming on the 30 minute chart.
.27 Showing some strong support now.
Green box possible target price range for a break after the double bottom.
Orange boxes are gaps on the daily chart, could get some pops up to close those gaps. All gaps down below have been closed, and the recent move to the downside could've been to close the gaps (aside from stock being shorted to hell). .55-.6, and then .95-1.05 going to be another big gap to really get some momentum going.
.81 is where the downtrend started so that will hopefully be stop number 2. Gotta get past .5 first and power through.
Not quiet like GME squeeze just yet, we do not have stimulus checks coming in, BBBY is also not talked on WSB until it surpasses the necessary market cap.
Other reddiots and YouTubers fighting blah blah blah blah
Still awaiting Earnings.
Possible Reverse stock spilt, and possible dilution from all the crazy deals going on.
Special meeting coming up may 9 2023, we shall see if we make it to that date. Apparently BBBY is 5 days away from declaring BK if things do not change.
Funny thing is the green vertical line is when im hopeful for a move up, happens to be just before the meeting.
None of this is financial advice.
Do your own research, these are my speculations and opinions, and if this goes south I am aware I can and or will lose the total notational value of my trade.
I hold call options of BBBY, and 2000 shares.
I have been in and out of BBBY since August, and it's been a gnarly ride.
My tinfoil has gone through the microwave now, and I'll see where my bag takes me.
$DIS: Wedge Breakout & $NFLX Earnings ImpactNYSE:DIS is currently inside a wedge pattern on the weekly chart, making it difficult to predict the next move. However, we can look for clues from two key factors: the 200MA and the upcoming NASDAQ:NFLX earnings report.
If NYSE:DIS breaks above the wedge, surpasses the 200MA, and NASDAQ:NFLX delivers impressive earnings along with strong subscriber numbers and guidance, we can anticipate a move towards filling the bear gap up to $105.
On the other hand, if NYSE:DIS closes below the breakout point and NASDAQ:NFLX underperforms, we might see a move downwards, filling the bull gap down to the $96.87 support level.
Keep a close eye on these factors to determine the most likely direction for NYSE:DIS in the coming days. Happy trading!