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$BAC Before earningsBank of America is again near it's all time highs, close to testing again for a breakout. Earnings this week should confirm movement on the strong uptrend that we have seen since March lows. There is a slight divergence on the RSI indicator. The daily timeframe shows a toppish move on the stoch RSI, as well as MACD turning slightly red on the daily. Should BAC fail to breakout of these levels, we could see it test lower support, or even fill the gap put in a few days ago. Ichimoku is still showing a bullish trend at these levels. Looking for a breakout to confirm my 1.618 wave higher analysis.
NYSE:BACLong
by Modus777
$XLF Bank's Earnings week.Looking at the near term indicators, the Stoch RSI stands out the most for me. On a daily timeframe, the daily RSI is not overbought, but the weekly timeframe shows some overbought action. My only worry this week would be if banks don't do well, which might be pretty difficult, that XLF might find itself double topping at these levels and starting a corrective wave. I'm looking at a breakout over 35.28 and holding to confirm a fifth wave above these levels. I've indentified key support and resistance levels at the pink horizontal lines pointed on the chart.
AMEX:XLFLong
by Modus777
BB - There is no spoonWhy do we hold BlackBerry to a higher standard when it comes to their Financial performance? Today was BlackBerry's earnings report and what were the takeaways? - The first thing that stood out: BlackBerry will not be diluting shares. John Chen stated that there is no reason for this. - Positive cash flow - Revenue estimates were missed, but BlackBerry is not blowing their money on hookers. - Ivy will be in early access as soon as October 2021 with launch set for February 2022 - BlackBerry has 23 of 25 design wins with EV manufacturers! Who's missing Tesla and DMC (This is not to be taken on a serious tone)? - Launched Now let's talk about Patent money, what happened here? - To summarize, patent sell off is still being negotiated and this has halted any revenue from this for now. and I quote Steve Rai "Further to John’s comments regarding negotiations relating to a potential sale, licensing activities have been limited not only due to the ongoing negotiations, but also because revenue from additional transactions that could have been completed in the quarter would have been treated as contingent revenue and deferred to future periods. Therefore, had negotiations not been in progress, we believe licensing revenue would have been higher." So again, why do we hold BlackBerry to higher standard that other companies in the same space? Is John Chen a perfect CEO? Not by any stretch but we have to believe in his vision and end game. What do we see in the chart? First we see a pennant formation. It is unclear if we will fall through the floor because of a perceived 'bad earnings call'. This market is definitely not 'following its rules' anymore. We live in the upside down. Right now the 4/1 angle is our resistance and 8/1 serves as support. It is unclear if we will fall through. All pointers appear bullish but that's beyond the case because this market does not seem to be playing on fundamentals right now. We may or may not make a bounce at the 8/1 angle, only time will tell. The pitchfork is showing us the general direction we have been heading since our first major move back in Oct 2020. All the signals are there, yet they are being ignored.
NYSE:BBLong
by dubhan
13
Palantir (PLTR): In-depth Fundamental and Technical AnalysisPalantir is a mysterious company that helps governments and corporations integrate their data, decisions, and operations into one platform. They use big data and machine learning technology to offer solutions in both the public and private sector. While it has never been confirmed by the firm itself, it is said that Palantir played a significant role in catching Osama Bin Laden. In this post, I'll be going over Palantir's fundamentals, financials, and technicals, in order to assess whether this company is a good buy. This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. Background - Palantir’s founder is none other than Peter Thiel. - During his Paypal days, the company faced a crisis due to a scam led by the Russian mob. - Because of this, Paypal started nurturing groups of experts who could track and predict scam transactions. - They developed a software that analyzes data patterns, which allowed them to identify and prevent these schemes. - Peter Thiel thought that this software could potentially be used for many other things. Products: Gotham and Foundry - The CIA, they had collected a tremendous amount of data since 911, but weren't really sure of how they could utilize it to catch terrorists. - So the CIA became Palantir’s first client, and Palantir received an investment from In-Q-Tel, which is the venture arm of the CIA. - With the CIA’s support, they develop a software called Gotham, which allows Palantir to analyze huge data sets in real time, and visually demonstrate the result of the analysis through connective relations and patterns. - Gotham became recognized as the best analysis tool that the government has seen, and later became used by the CDC, NSA, FBI, the Pentagon, and the Marine Corps. - This software is used to track suspicious activities, the flow of potentially illegal funds, track missing children, or the spreading course of a disease. - With this experience and technology, they work with JP Morgan to develop a new software called Foundry. - Foundry is a solution for private firms that analyzes data to prevent financial fraud or illegal transactions. Financials Analysis - If we look at the quarterly income statement, the gross profit has dropped significantly in Q3 2020 from the 70% range to 50% range. - This is due to the compensation provided to the company’s employees through company shares. - Then we can also see that R&D expenses have increased significantly in the same quarter as well, and this is also due to the stock based compensation they’re giving out. - Regardless of this outlier, Palantir is a company that invests a lot on research and development. They are spending 30% of their revenue on R&D every quarter. - And as you can also see, Palantir is still technically not a profitable company, as their operating income is in the red. - Let’s take a quick look at their Q4 2020 results. Last quarter, they did $322m in revenue, which is a 40% increase compared to the same quarter last year. - In 2020 total, they did a little over a billion in revenue, which is a 47% increase compared to the revenue in 2019. - Looking at the average revenue from Palantir’s top 20 customers, the revenue increased 34% compared to last year, marking $33.2m. - The average revenue per customer also increased by 41%, marking $7.9m per customer on average. - This could be interpreted as a sign that Palantir’s clients are happy with the service they get. - In 2020, the revenue they generate from governments increased a whopping 77%, marking $610m. - In 2019, the commercial revenue covered 53% of the entire revenue, but in 2020, the government revenue outweighed the commercial revenue in terms of proportion, as it covered a little over 60% of the entire revenue. - The commercial revenue, on the other hand, wasn’t as impressive as the government revenue, as it only increased 22% compared to last year. - Using the PSG ratio, I calculated the 2023 estimate for Palantir's stock price to be anywhere between $36.31 to $48.38. Technical Analysis - We can count Elliott Waves on Palantir's 4 Hour logarithmic chart - We can see that the corrective abc waves have completed its formation, and that this entire chart is part of a bigger impulse wave. - What's important to note is that the price has retraced over 61.8% from all time high levels. - The price has managed to stay above the 0.618 fibonacci retracement support level. - The Relative Strength Index (RSI) is trading near oversold regions - The Moving Average Convergence Divergence (MACD) has formed a golden cross, and has started to form bullish histograms Conclusion Palantir is a company that is in an increasingly growing industry, but is reliant on government contracts for the time being. While this means that they are a monopoly in some way, they have also set their strategy to target commercial clients in the coming years as well. Their cutting edge technology has been approved both by government and commercial clients, and justify the growth potential of the company. Using simple assumptions to apply the PSG ratio in calculating the fair value of the company, we can estimate the stock to reach between $36.31 and $48.38. Given that the stock is currently at $24.19, this is a 41-100% upside. Technical analysis also aligns with the bull case of the valuation, indicating that the stock has recently been oversold, and that an entry around $23 would be reasonable. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
PLong
by Michael_Wang_Official
9
Dear No-Coiners, IT IS NOW OR NEVER.Yes, this one is a financial advice Here's the advice: - Invest only what you can afford to lose - Understand that the potential loss is -100% (Let says there's a super-deep black swan event and ETH goes to zero) - Buy #ETH - Understand that the potential gain is +400% (Let says Ethereum market cap reaches $1T) - Sell 50% of current ETH at $4k (Breakeven) - Sell another 50% of current ETH at $8k - Sell/HODL the rest Here's an example: - Cacby afford to lose $1500 - Cacby understand that ETH might goes to $0 - Cacby buys 1 ETH at $1500 - Cacby understand that ETH might goes to $10k - Cacby sells 0.5 ETH at $4k in order to BreakEven - Cacby sells 0.25 ETH at $8k in order to make a profit (At this point, Cacby already made $2500 or 167% of net profit) - Cacby sells/HODL 0.25 ETH
BITSTAMP:ETHUSDLong
by UnknownUnicorn5054573
TOPPING PATTERNS: SPX and the SPY/GDX ratioThese ratios are KEY to understanding the valuation of the marketplace, SPY/GDX being just one of many. Either equities are going to fall, or mining stocks are about to explode. The latter is in my view, exceptionally unlikely, as we see bearish price action in gold across many of the major G20 currencies. IF there is anything that a gold investor should recognize, it's deflationary environments. SO then, what comes next? An important question: Why is it that other asset classes are moving in the reflation trade, but the asset amongst the most sensitive to this environment, is lagging behind the leading commodities? The answer: LIQUIDATION RISK The argument that there are other assets that provide interest or dividends that make them more attractive, or provide some sense of opportunity cost, is a straw man argument. Many of the mining stocks provide dividends at a greater return than that of treasury yields, albeit not as high as those in oil or financials. The concern is that the mining sector has crumbled beyond these opportunity costs in terms of their relative valuations with respect to their competing assets. US Oil and Energy prices , which as of now have been artificially bid up with temporary demand from the Texas grid shutdowns, are among the few things keeping the reflation trade intact. Bond yields and financials are directly correlated to this broadened move in oil. Once the temporary demand retracts from the marketplace, I expect to see a massive deflationary environment come into the market. IF oil reverses, expect to see bond yields and financials to reverse and bleed into other asset classes across the market. Additionally, with the GBP seeing artificial appreciation from the news related to the easiness of BoE's negative interest, the DXY has weakened slightly. This will not last once UST/USB yields breakdown. The market now faces a SEVERAL KEY hurdles in the near term: Maintaining oil prices Maintaining yields Maintaining equity prices Maintaining a slightly weak or sideways Dollar These are the stages where money get's trapped and the demanded liquidity becomes unobtainable. Best of luck.
TVC:SPXShort
by Patrick_Jarvis
6
LINK ShortInterlink Electronics is an OTC stock that saw a large run up in share price on relatively low volume. The problem with OTC stocks is companies can sell shares back into the market creating somewhat of a "pump and dump" effect often times when these large run ups occur. The stock sold very quickly on 2/11/21 and during the price drop most of the volume took place around 15.18 which could be a good reference point later on. However, my expectation is that unless there is a partnership in the works or an innovation of product I do not expect any move back into those areas. The near term resistance for this stock to first break would be 13.88 and I wouldn't expect a close above this area only perhaps some potential intraday moves. My bias on this stock is that it returns to value or near where value was in January which would be closer to 9.14. Strictly from a technical standpoint, the stock looks like dead money and I expect most of next week to consists of short sellers closing out and potential for more share selling from Interlink into the market to perhaps regain equity. On the more fundamental side of things, this company has seen a decrease in EPS which is a good indicator of the stocks value relative to profitability. Their book value per share has also been relatively flat which concerning as it shows that the company hasn't been growing or coming to par with market competitors On a lighter note they recently brought on Maria Fregosi who specializes in financials, helping establish HMPT which has become a well preforming and established margate lender. For now this is the only bullish point I can make for the stock and I don't expect it cause any real floor establishment at these prices for the underperforming company.
LShort
by crawfordpaul
AIRBNB (ABNB) - The Future of Travel AccomodationsThis is the future of the travel accommodation industry with very little competition, I am very Bullish on this stock. Its a company I have used many times and also have been a host. I believe this stock can deliver very fruitfully once the pandemic really starts to fade away Also remember that Airbnb now offers tourism experiences, when travel kicks off again this will be a massive space for tourism. I however expect some volatility over the first few months of trading from this stock, it could go as low as half the current price, however if you wait until clearer signs of the world recovering from the coronavirus to add this to your portfolio then you just might be too late.
NASDAQ:ABNBLong
by krobby
1