ESG
go long Desktop Metal $DMTechnical Thesis:
-double bottom
-20 day MA on the verge of a steep cross up through the 50 day MA
-average volume is trending upwards
-it broke out with significant volume
Fundamental Thesis:
-YoY Profit margins are trending upward
-from 2018 to 2020 their debt to assets has fallen significantly
-on the Macro side, with the ability of large-scale production and companies now needing to diversify their suppliers, Desktop Metal should benefit from growing their amount of clients, increasing cash flow allowing for more R&D, paying off debt, and improving margins.
-possibility of being acquired, possibly by an automaker to improve the speed that they can produce. (like Tesla trying to acquire Velo3D)
-currently the 2nd largest holding in Cathie Wood's PRNT ETF at the time of this post. in-flows will help the stock
-they are figuring out a way to 3D print synthetic wood, which would make them an ESG play since it would reduce the need to cut down trees. Becoming an ESG play will only result in more in-flows.
-Oppenheimer and Credit Suisse initiated coverage. The street is starting to take notice.
Price Targets:
Credit Suisse: $14
Oppenheimer: no target
Sources:
www.forbes.com
www.dailyadvent.com
www.streetinsider.com
Hard assets are the way forwardWith the money printer going BRRRR (costing $4T from the fed) causing stock prices to be inflated, investors and money managers in the stock market may soon take profits into hard assets that aren't necessarily tied to the value of the dollar, like housing, cryptocurrencies, gold, etc. in order to preserve the wealth that may otherwise be lost due to continued inflation. This could explain why BlackRock and Palantir have bought Real Estate and Gold at large respectively throughout the year.
Note, cryptocurrencies are at risk of going down with equities if the market doesn't consider it as a commodity. The coming months maybe even weeks will reveal as to whether it matches or disassociates correlation with the stock market as the SPX/CPIAUCSL chart reaches its 1.618 fib extension from the 2000 dot com highs to the 2008 lows, and the Dow theory continues to play out.
Perhaps all this money printing was done to usher in a Great Reset of economics; to meet the expected productivity from the innovations of the 4th industrial revolution? offset panic from retirees? encourage the youth to invest and adopt crypto as an inflation hedge?
Will a crash come? Maybe, maybe not, but I think if it were to happen, the $ may be transferred to blockchain tech as it serves as a commodity with major innovative growth potential to digitize most businesses and services to make them ESG compliant .
Overall, stagflation will likely occur in response to the fed attempting to delay the retirement and debt crisis as long as possible, ongoing high unemployment (workers incentivized to collect UI as it pays more than min. wage), and possible future low economic growth (as a result of goods being unable to be transported due to COVID-19). One could argue that deflation is more likely to occur if innovations in blockchain technology spread outside of Finance and into other areas such as supply chain automation, insurance, identity, etc, allowing productivity to match or even outpace the supply of money. But such progress has yet to have been either made or discovered depending on the respective industry, let alone hesitancy of adoption due to BTC's perceived low ESG score.
$MNTK Energy is hot right now!$MNTK Montauk Renewables has seen some major upside recently. Yes we are late to the party but the lack of volume is off-putting. Today 9/15 there was a spike in volume on the final 30minutes. It was selling pressure after reaching a intraday high of 12.21
The daily chart shows clear defined levels we can play if the trend continues.
We are watching a break and hold past 12 and then a move to 13.50 (volume dependent)
Metals/Energy - MGAModel Forecast for Mega Uranium Ltd.:
- Model has produced a Line of Least Resistance.
- Mega Uranium Ltd. is a uranium mining and development company which explores for prospective properties primarily in Australia and Canada.
- This is a second wave "junior" that has been in existence since 1990 with a promising balance sheet.
- We believe that a macro turn is upon us and we are extremely bullish on uranium, renewable, and nuclear energy. There is a non-trivial probability that uranium juniors will yield the greatest gains out of all stocks in this full cycle.
- With a shift toward renewable energy solutions, we expect a global interest toward nuclear energy, causing a boom in the sector.
- With the level of stimulus projected by 2030, and the global direction until 2050, we expect necessary funds to be raised capital expenditures in the sector to be spent aggressively, with the backing of national interests.
- Should the company acquire a mining project, the stock will yield outsized gains.
- Price is technically breaking out of a Cup & Handle, and is likely to test the top of a channel established since the 2010's.
"For the juniors, there are three possible fates:
1. Most common is a failure, which leaves a hole in everyone's pocket, including that of the banks and investors.
2. The second fate occurs when a junior has enough success to justify a major paying a decent premium to gobble it up, leading to decent returns all around.
3. In the third and most rare fate, a junior finds a large deposit of a mineral that the market wants a lot of – it is a magical combination of the right deposit at the right time. When this happens, juniors can return more in a few days than a major will return in years." - Investopedia
- Interestingly, the company sold its assets in Canada to NexGen Energy (NXN.V) for a 40%~ equity interest in NexGen.
- We believe that a time is approaching such that companies in all sectors, especially in the mining sector to relentlessly undergo mergers & acquisitions, in a race to become "Too Big To Fail" and obtain the blessing of government subsidization.
- MGA may be giving signals for a potential M&A with NexGen, and in such case, investors will benefit greatly, as NexGen is also a very appealing company.
- In the case that MGA finds a new deposit, investors will again benefit. Investors must simply be patient, as global interest will sustain promising juniors until they succeed during a boom.
- We speculate that the lumber squeeze that is currently occurring is only a small teaser for the supply squeeze in energy commodities to come.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
ET to make a Move to the Upside SoonThe midstream "stocks" typically move predictably with their payouts. Energy Transfer is no different and is moving to a strong upside as a payment is expected in October. There's also the considerable catalyst of its acquisition of Enable Midstream Partners which will expand $ET's already extensive pipeline coverage (~90,000 miles). Buying into $ET at its present valuation is nearly theft.
$ABXX GO TIME on ACH license this weekI am putting myself out there that as time passes its more and more likely that Abaxx is awarded its license to operate as an approved clearing house. I thought it could slip into August and it has but it may yet still not come this week. So we have 5 days here for it to come for this chart to perhaps be a nice call on Stock performance this week.
Note prior candle sizes Abaxx has put up in March and April, also a nice one in June. Price has a history of travelling .40-.50 cents in a day on above average volume. Abaxx being awarded this license this week opens up the door for that share price action I believe. I noted that red candle from a couple weeks ago as its large red volume but doesnt tell the whole story. There was a large buy on the OTC side mid morning and the price moved up, sellers took control in the afternoon but the bulk of the volume for the day was on the buyside.
If Abaxx is indeed awarded its license this week it will be easy to look back and say last Thursday was indeed a shakeout of speculators and or weak hands as they anticipated news and trading it, The sell off was bought quickly. I put it up there now to perhaps be ahead of the game, or be wrong.
For fun I put up that candle with a volume range for trading. I intentionally stopped just over $4 as there is evidence that there will be *some* resistance there from the chart (trendline inputted). Also there is the psychological resistance factor to consider whenever you cross over into a new dollar amount where traders may take profit.
All in all, I believe being awarded the license when it comes will be an absolute shift in trend to the upside for Abaxx. There is also the AGM meeting on August 25th where shareholders will vote to allow leadership to reduce shareholder capital in Abaxx and pay out a dividend in kind in the form of BASE Carbon shares which should also keep eyeballs and buyers on the stock.
We'll have time before the actual Abaxx Exchange launch which should come in late Sept/early October if Company's current TL is maintained. So there will likely be some healthy pullback and consolidation. I am really curious to see if volume starts to ramp up. This is a relatively tight float a strong portion of which is held long. If there is significant buying interest the price could and should move in Sept to test the NEO ATH set in early April. $ABXXF traded on Dec 28th with CDN markets closed for Boxing Day holiday (BD was on weekend) and put up large run that hit an ATH but sold off intra day.
For now lets see what this week brings. I have a Long position in $ABXX. Should you trade this stock please follow your own trading rules and do DD before taking a position.
Hit me up on twitter if you have any thoughts/questions/callouts or want to learn more about Abaxx.
Cheers,
Luke
$NLC.V Thoughts and Limit Buy OppIn looking to add to my Long Position in Neo Lithium Corp $NLC.V / $NTTHF I have approached this TA from a bearish perspective over the short term. As detailed on the chart, You can see price make relatively weaker advances: The first move up in early June was stopped at +3SD channel, the next at +2SD channel (note volume). Price always travels back to the mean and $NLC as a miner is not above choppy action in SP. To be clear, I don't see massive downside risk here, but rather some selling pressure channel trading back to the $2.70-$2.75 range.
On top of Linear Regression Analysis, the 21 ema is currently acting as support and the 9 ema (I applied it to see where it was but can only keep 3 indicators) is acting as resistance. I think the clearest conclusion to draw currently is that NLC is trying to figure out which way it is going to go.
One could make the argument that if the market holds here for the most part and small caps participate in a further advancement that $NLC could maintain the mean and advance back up through the positive side of the channel. $NLC is not without near-term catalysts in this Quarter like an off-take agreement and/or financing to finish capitalizing the 3Q Project + release of its DFS. I am taking the approach that these catalysts are a month + away and the above TA in the short-term may come to fruition. I have placed a LB for shares at $2.71.
In sharing this post I think its worth noting that at the Annual and Special Meeting held on June 25th the company set forth a vote to allow the board the discretion at a future date to consider a consolidation of the common shares of the company on a 1 for 2 ratio to list on a Senior US Exchange. Not a guarantee this R/S will occur, but its a possibility and something to be mindful of. When pre-revenue companies R/S, their SP can crater. Granted 1 for 2 is as good as you can get when it comes to R/Ss. I am keeping some cash for a buy further down the road to cover off this risk that may exist and take advantage of a downturn. I have emailed Mr. Vicens the company's CFO and contact person on SEDAR kindly asking for an update on the AGM vote as its been some time since the meeting. I will share any update given on ye olde twitter.
As always Please follow your own trading rules and do DD first.
Cheers,
Luke
Abaxx Technologies $ABXX /$ABXXF TANotes state my thoughts on the matter. I could see price being supported by the LR mean if a roll over does occur.
There is SPECULATION that Abaxx may be awarded its clearing house license over the coming week. This may provide the catalyst to push Abaxx out of its DTL. I am holding long shares and looking to see some tight price action in the +3SD channel to set up a push up.
Abaxx is a pre-rev company and trades on the NEO exchange in Canada. It trades OTC on the QX by the ticker $ABXXF. You can expect spreads of up to 0.05. I recommend Limit Buys.
As always do your own due diligence before buying a security, especially a pre-rev one. And follow your own trading rules.
Cheers,
Luke
Can This Tokenizing FinTech Maintain Its TrendI'm hoping ABXX can keep the support along the cup and handle trend.
New support was recently found around $3.33. The Simple Moving Averages on the 4 hour and 6 hour charts are both crossing at $3.64.
$3.64 also acts as a resistance point on the hourly chart as shown below.
Huge resistance is coming around $3.70. The next major resistance level is at $4.00.
A close up on the 4-Hour chart shows a gap that must be filled around $3.95.
Zooming out to the Daily chart, we are on candle number '7' out of a '9' candle trend.
Hopefully after this '9' candle-trend to the downside is complete, ABXX shareholders should see bluer skies ahead.
I do not give financial advice, but you can see my earlier, more in-depth analysis of ABXX & ABXXF under my 'Related Ideas'. I do adjust trend-lines and other info as the chart changes.
I really like this FinTech company, it's team, and their mission. This a great play for investors like me who are interested in:
ESG (Enviromental/Social/Governance)
Blockchain technology & Tokenization
Mining, Precious Metals, LNG (Liquified Natural Gas)
I try to follow the smart money. I am long ABXXF.
Tesla Holds Support as Relative Strength Turns PositiveAfter months of weakness, Tesla may be charged for another move to the upside.
Some interesting patterns have recently appeared on the electric-car maker’s chart.
First is the false breakdown below $550 on May 19. This was followed by a rebound back above the 200-day simple moving average (SMA). Interestingly, it was TSLA’s first test of the 200-day SMA since the dark days of March 2020.
Next, MACD turned positive yesterday following a month in the red.
Third, TSLA is starting to outperform the broader market. This chart shows our Smart Relative Strength indicator, comparing price action to the S&P 500 over the last 10 days. Notice how it just eked above zero yesterday.
The developments come at an interesting time for the ESG group in general. A court in Holland just ordered Royal Dutch Shell to reduce carbon emissions. Ford Motor also raised its electric-vehicle goals. EV stocks and solar energy have paused this year following big rallies in 2020, and now TSLA could be signaling a return to the industry.
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oversold ESG play DNMR; go long. biodegradable plasticsThey are currently partnered with Pepsico and the University of Georgia working on fully biodegradable plastics; with Nestle and Walmart already signing on as customers. Got caught up in the SPAC sell-off. Doubtful it drops further so now would be a good time to initiate a long position. One strategy would be to buy half now than wait for a few trading sessions to see how it fares.
Oversold based on RSI with a bullish MACD cross on the horizon. Besides carbon emissions, plastics are another significant source of climate change and DNMR is a great way for fortune 500 companies to counteract their footprint and appease shareholders/board members on the ESG front.
Choose a decentralized currency that makes senseIntroduction
While I personally am a fan of central government management of monetary policy because it gives us great tools for managing crime and recessions, I'm not opposed to trying decentralization and seeing where it takes us. Decentralization helps fight the concentration of power and wealth, and it's a good old democratic tradition here in the United States.
Decentralized currency may be the future, but Bitcoin isn't it
I'm not convinced the world is likely to adopt any cryptocurrency whose value fluctuates wildly enough to make it attractive to investors. But if you insist on speculating on decentralized currencies, I suggest choosing one that makes economic sense. Barring a game-changing fork, Bitcoin is not the future of cryptocurrency. Its energy requirements are just too vast.
Every Bitcoin transaction uses as much electricity as an American household uses in a month (~730 KWh). That's about $96 per transaction if the processing were done here in the US. (Most Bitcoin transactions are actually processed in the developing world where costs are cheaper because air pollution is unregulated and miners can pump out all the carbon they want.) Bitcoin transactions are about 50,000x more energy intensive than Visa and Mastercard transactions. To process 350,000 transactions per day, the Bitcoin network is approaching the energy consumption of Norway. Visa processes 150 million transactions per day, so you can imagine the energy costs if Bitcoin scaled up to Visa's size. In no way is this a technology that makes economic sense.
Alts that make more sense
There are some alts that do a lot better than Bitcoin on the energy use front. Ripple (XRPUSD) is one of the more famous ones. Another is Nano (XRBUSD). These alts have much lower energy costs per transaction than Bitcoin does.
For instance, Nano transactions reportedly use only 0.000112 kWh of energy per transaction. Thus, the entire Nano network could be powered by a single wind turbine. That's much less than $0.01 per transaction in energy cost. (I've seen the cost estimated at about hundredth of a cent.) Nano is roughly 550,000 times more efficient than Bitcoin.
Ripple is another one that's incredibly energy efficient. Ripple reportedly uses 0.000011 KWh per transaction, making it even more efficient than Nano. Ripple, however, is slower than Nano by a factor of three. It's also not truly a decentralized currency like Nano is. It's owned and operated by a private company, Ripple Labs.
From a speculator's point of view, Nano is probably a better bet due to limited supply. The supply of Ripple is capped at 100 billion coins, but the current supply can triple before it hits that limit. Nano is already at its supply cap. Limited supply means the price of Nano coins could rip. Of course, from an adoption point of view, the limited supply of both these coins is problematic. It creates a scalability and price volatility problem that could prevent either coin from being adopted widely as a medium of exchange.
Don't get stuck in a Bitcoin rut
I believe we will see a lot more innovation in the digital and decentralized currency space. There are a lot of problems to be solved, and I don't think we've seen a single currency that solves them all yet. In addition to energy, speed, and price volatility, you've also got to think about privacy, security, and government compliance. How to secure cryptocurrencies against the rise of quantum encryption-breaking is just one of the huge problems that cryptocurrency innovators face. Given these challenges, I think it's a huge mistake to get stuck on a single cryptocurrency solution like Bitcoin. Bitcoin was first to the gate, but it's unlikely to be first to the finish line in my opinion. Investing in crypto requires deep research and deep thought about what the problems are and which technologies solve them best.
A Trend to the Upside for this FinTech?This is building from my original idea published for ABXXF, listed here in the US on the OTC; However, you can't really glean too much from it's chart. You can see the original ideas linked under 'Related Ideas".
I'm expecting the cup and handle formation to continue with it reaching resistance around CAD$4.40-$4.45 (US$4.20).
> The 4-Hour Charts for ABXX & ABXXF, both, currently on a green '2' candle. I'm expecting a full 9 candle trend to the upside to continue.
A green number '2' candle sitting on top of a green number '1' candle is very bullish.
If all goes to plan, the green '1' candles on the daily-charts for both ABXX & ABXXF could give us the same trend I just mentioned above.
Regardless of these technicals, I really like this company and believe in what they are trying to achieve.
The Company:
Abaxx is a blockchain and ESG company focused on commodities like LNG (Liquified Natural Gas ) and Gold! Abaxx Tech came to the market through a RTO (Reverse Take-Over) of New Millennium Iron (NML & NWLNF). The serially successful mining and media billionaire mogul, Robert Friedland, was one of Abaxx's first angel investors. Abaxx Technologies has multiple subsidiaries. One of the subsidiaries is the Abaxx Exchange where Abaxx Tech receives a royalty for the commodities listed on the exchange.
See more info about the company on its websites:
Abaxx.Tech & Abaxx.Exchange
**Keep in mind I'm an amateur investor nothing I say should be seen as financial advise. I am a small shareholder in this company because I believe in their mission and what they are trying to achieve. I've been a shareholder since the company was called New Millennium Iron when I learned that Robert Friedland was an angel investor in a young entrepreneur and ex-Goldman Sachs exec named Josh Crumb, founder of GoldMoney.
I listen to 'Smarter Markerts', an Abaxx-sponsored podcast to learn more about the titans behind the Abaxx in the world of Mining, Blockchain, Finance and ESG.
At least listen to the first episode where Robert Friedland lays out his vision behind a greener future. He discusses the importance of ESG, blockchain, batteries, copper, and more. You'll understand more as to why I'm so interested in what Abaxx is doing. I am long ABXX.
Slow Moving Abaxx Tech Is About To ShineThe Company:
Abaxx is a blockchain and ESG company focused on commodities like LNG (Liquified Natural Gas) and Gold! Abaxx Tech came to the market through a RTO (Reverse Take-Over) of New Millennium Iron (NML & NWLNF). The serially successful mining and media billionaire mogul, Robert Friedland, was one of Abaxx's first angel investors. Abaxx Technologies has multiple subsidiaries. One of the subsidiaries is the Abaxx Exchange where Abaxx Tech receives a royalty for the commodities listed on the exchange. Brilliant company with proven leadership. See more info about the company at:
Abaxx.Tech & Abaxx.Exchange
The Trade:
Since the inception of Abaxx has moved rather slowly. It looks to be building on what looks to be a cup and handle pattern on the Daily, Weekly, and Monthly charts - All look super bullish!!
The daily chart shows that a small cup has formed since ABXXF started trading on Dec 18, 2020. As of today, Mar 29, 2021, we seem to forming the handle with a few days left for this month of March. The price may fall between $2.96 and $2.88 before rebounding to complete the handle formation.
If we include the price action of New Millennium Iron before the RTO, the weekly and monthly charts for ABXXF show a much larger cup and handle formation. The resistance level and breakout point will be @ $4.18.
Blue skies ahead for the green company. See the link for related idea below.
Abaxx is currently listed on the Neo Exchange in Canada and on the OTC in the US under: ABXX & ABXXF
This is not investment advice. I am long on ABXXF and have been a shareholder since it's inception through the RTO.
Azelio towards first target around 80 SEK My take on Azelio. If they follow through with orders in Q2 which is their plan and they've delivered accordingly to their plans with precision so far. Both the technical and fundamental pieces are in place here for a breakout. Biggest owner bought more shares at 52.90 and the company had a new issue of shares (596 million SEK) at around 56 SEK in march 2021. There's always a risk to break down on the downside as well of course. Such a thing could be due to maybe a latency due to restrictions and more lockdowns etc. There's always a risk. On the long term though I see a bright outlook for this company. This is no financial advice, only my 2 cents.
Metals/Energy - BMNIdea for Bannerman Resources:
- A quick technical idea for BMN.
- We are very bullish on uranium.
- See related post on MGA for further fundamental analysis.
- Technically a clear bull flag.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
Metals - ORLEW Forecast for Orocobre Ltd:
- Orocobre Limited engages in the exploration, development, and production of lithium in Argentina. The company's flagship project is the Olaroz Lithium Facility located in the Jujuy province of northern Argentina. It also operates two open pit mines situated in Tincalayu and Sijes producing minerals, refined products, and boric acid. In addition, the company owns 100% Cauchari Lithium Project.
- Cup and Handle breakout.
- Orocobre is a leading producer and developer of lithium.
- We are bullish on commodities, especially metals.
- Lithium ion batteries are critical in the renewable energy industry.
- We are very excited about opportunities in the commodities sector, as we believe a macro turn is approaching in the nearest future.
- We are bullish on the clean energy and ESG sectors.
- Orocobre is due to complete a merger deal with Galaxy, creating the 5th largest global lithium chemicals company.
- We expect companies to accelerate the merging process, in the rush to become "too big to fail", as the macro turn approaches... only the biggest entities will be bailed out, or bailed in.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
Metals - ABMLModel has given entry signals for American Battery Metals Corporation:
- American Battery Metals Corporation engages in the exploration, mining, extraction, and recycling of battery metals. It owns 647 placer mining claims on approximately 12,940 acres in the Western Nevada Basin, situated in Railroad Valley in Nye County, Nevada; and a 120-acre parcel of private property with water rights, in the town of Currant, NV near Railroad Valley.
- The company is focused on creating a vertically-integrated lithium company in three ways: environmentally-sustainable exploration and mining, green extraction processes and battery metals recycling.
- Lithium ion batteries are critical in the renewable energy industry.
- We are very excited about opportunities in the commodities sector, as we believe a macro turn is approaching in the nearest future.
- We are bullish on the clean energy and ESG sectors.
- Technically in a Wyckoff accumulation structure with a spring, possibly testing the channel top.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
BUY GEVO to target +100% gainHello, they produce bio fuel, and needed 700mln$ for build thier first non-carbon station to use carbon for create non-carbon fuel, so the Citi discussing them to give money, that only have 70mln now.
If citi go "all in" the stock will double. Ressistance to 3$, there good to double.
My view it's 1-2% deal of all protfolio not much, too risky, idea just to have stock +100% at 2-3 month. Be cautious.