TOP TEN DAILY OVERSOLD STOCKSMy trading is based on Technical Analysis ONLY - there is NO FUNDAMENTAL research done on ANY of the stocks I choose
Not much of a potential on this one...Quite boring for being oversold but still...if support holds in the $11 region this could see some nice spikes!
Trade at your own risk as this clearly is not financial advise
Fintech
QFIN breaking out and is looking promisingNASDAQ:QFIN is breaking out, long any pullbacks to target 18.09$, 18.97$, sell zone between 21.3$ and 22.15$ and 24.4$. IMO this a good stock for long term.
Hit the like button and follow if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Google Pay to start doing GDOT bank accounts in their platformGDOT Green Dot is famous for their proprietary banking products like prepaid debit cards. If you've ever checked out in the Walmart and you see the little rack of prepaid money cards at the cash register, those are all Green Dot products.
Other side of their business is called banking as a service, or BaaS.
Apple Pay Cash is a Green Dot-powered product, Apple Pay's person-to-person transfer service. That's a Green Dot product.
Uber uses Green Dot's infrastructure to instantly pay their drivers for rides. If you pay for an Uber drive, that money will instantly show up in the driver's account, and that's a Green Dot product.
Google Pay just announced they're going to start doing Green Dot bank accounts through their platform. (fool.com)
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
AFRM Affirm to put on your radarOne segment of the fintech market is particularly interesting right now: Buy now, pay later (BNPL) firms represent a new era of retail and recent IPO Affirm stands out in that category. Essentially, BNPL companies are the next generation of payment installment solutions.
Current Affirm partners include Shopify (NYSE:SHOP), Peloton (NASDAQ:PTON) and Walmart (NYSE:WMT). According to CEO Max Levchin, a former PayPal executive, demand for its solutions quadrupled in the first months of the pandemic. (investorplace.com)
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Alibaba (BABA) Crashes -Is Jack Ma Missing? - Buy or SellAlibaba (BABA) has plunged 34% since Oct 2020 with lots of negative news going on. Is BABA hitting the bottom yet or further distribution to come?
The negative news ranged from suspend of ANT's IPO, investigation over monopolistic behavior, Jack Ma's missing, executive order to ban Alipay and plan to ban Americans from investing BABA, etc…All these bad news are still unfolding with lots of selling of BABA in the background.
Let's look at BABA based on price action trading aspect from long term, medium term and short term aspects, with only price and volume to determine if BABA hit the bottom yet and what to expect next.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Return to long term bullish momentumPAX Global Tech (Ticker: 327) is a HK-based producer of cashless payment hardware similar to Ingenico, while being significantly more undervalued than the latter. long term target for the stock is 10-15 HKD.
Since the huge breakout in Aug the stock followed the exact same pattern 3 times already:
- 2-4 days breakout on higher volume
- backtesting of breakout area
- next leg up along long term trend line
In the next few days, I expect PAX to consolidate at a price level of ~4.7 HKD - in a similar fashion;
Once connected to the long term trend (blue line) I expect a huge leap upwards within 2-5 days and a following consolidation and backtest slightly above previous breakout levels.
The short term target for the 1st week of Nov is in the area around the intraday high in Aug (5.4 HKD), and I'll give it a >50% chance that this will be even exceeded during the run up. So we're looking at a +15-20% gain within 2-3 weeks.
Long term I am bullish on the stock anyway, so every level here is a clear buy. the company sports a PE of ~6 while earning double digit ROICs, having a healthy growth path in emerging markets and started paying increasing dividends and uying back their own shares.
Junior Fintech play listed on CSE as PKK, or OTC as PKKFFThis green ascending line could be support support.
If holds this green line after earnings
around Nov 26, 2020 then start buying a small
position.
The potential head-and-shoulders mark-up reminds us that this penny stock is very risky and should be traded carefully.
However, I'm overall LONG.
-All the best,
Carmando
A currency that lets you influence you sports team decisionsThe world’s leading blockchain fintech provider for sports & entertainment
Bridging consumers and sports brands through currency to elevate everyday experiences in entertainment, rewards, pre-sales etc.
Socios.com allows every club that joins to generate a supply of fan tokens. This enables fans to vote on club matters such as jersey design,charities,Meet and greets and exclusive content. The AR feature allows tokens to be collected from anywhere in the world (kinda like Pokemon Go)
- Fan tokens have a launch price but their value going forward in $CHZ is completely in the hands of market forces( Fan demand)
- For example, FCB has as a total supply of 40,000,000 $BAR which is traded against $CHZ.
- UFC : All fan token holders will be able to access UFC related offers and rewards, including tickets to UFC events or pre-sales access to tickets through this partnership
- As a sports fan, the opportunity to engage with your idols is a very innovative concept. Great concept but as with everything, market will decide the success.
- How does $CHZ get their value? Well, you can't get fan tokens without initially having $CHZ. So the more partners Chilliz sign up with, the greater the opportunity to expand
- Burning mechanism : 20% of net trading fees from exchange will be burnt, 20% of net proceeds from NFT's will be burnt and 10% of net proceeds from Fan token offerings(FTO's) will be burnt
Concerns,
1. Centralised for now but transparent transactions
2. Team holds a large share of tokens and could dump them on the market and reduce price but why would they?
3. Only 4.4Bn in circulation out of 8.8Bn. Future supply can have a downward pressure on price(inflation!). 20% in 2020 unlocked and 12% unlocked in 2021.
4. App has bugs (3.6/5 ratings)
5. Dilemma for fans. What if the coin 10X's and they value the coin more than their ability to vote on matters?
6. More teams, more chances of team dumping
7. Rank #98 crypto projects
TA,
- Long term trend in tact
- Reduced volatility
FA,
- Partnerships with FC Barcelona, UFC, AS Roma, Juventus and PSG
- network effects + First mover + Free marketing
- Recent moves in sports betting stocks such as PENN, DKNG and PBH
- Over 100k users. Brings in people from outside crypto. This is good for crypto overall.
- Not talked about much
-Strong management team
- backed by esports celebrities such as Anomaly(2m+ subs)
- Huge TAM for eSports
- Growth in eSports, Poker, Twitch,Chess, Baseball, basketball, hockey and cricket.
Small position size.
PayPal Attempts a Bull Flag BreakoutPayPal has been a major beneficiary of coronavirus and the boom in e-commerce. It’s moved sideways since the end of July but now the chart may be attempting a breakout.
PYPL formed a bullish flag since the start of September, with the trendline running down through the early October levels. Yesterday it closed above that trendline.
Prices also consolidated at the 50-say simple moving average (SMA) and 21-day exponential moving average (EMA) for more than two weeks before getting decisively above both.
The weekly chart has some interesting patterns: A bullish inside candle the week ended September 25 followed by a rip higher. Then another bullish inside candle last week, which it’s now escaping.
PYPL’s last earnings report beat estimates. Its next report is scheduled for November 2. Now that the stock has moved above its falling trendline, it may have the potential for a meltup into the quarterly numbers.
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baba means bull now this company never stops amazing me, there isn't a TA that has forecasted this stocks price that wasn't short since idk 2014 lol its p/e ratio is insanely good, its in straight bull mode for the benchmark 300 that might be a phycological brickwall but I think were on pace to blast past that, its literally went up 3 percent aftermarket already. its nearing the 1 trillion gross and should best that in 2021 or 22, and it has a very modest subscriber base of 880 million and growing compounded 3% a year. I could go on and on, but just so you know investing 1k in amazon in 94 would make u a millionaire today, baba is 20 years younger and doing the same thing with a larger audience base. im not missing out on my chance again so im all bullish in this stock HODL
US Dollar Index potential botton seen just below 93.40US Dollar Index continues to probe its support zone around 93.40/50 levels. The index might have terminated potential Wave 4 in case of a leading diagonal underway OR might be carving lower degree wave ii of 3 around 93.40 mark. Either way, looking higher until above 91.75 mark.
Remain long, stop @ 91.75, target is open.
Good luck!
Bullish reversal with a gap to fill aboveUpdated from the earlier idea with adjusted fibs. Where the extension from March to recent monthly highs aligned, I used that fib as marked entry.
Solid uptrend established
Still oversold on the daily
Entry near the fib especially after a successful backtest as support would be a solid entry.
First gap comes from a large space in which there was no candle closures since the gap down; this may not be a technical gap down but may have an impact on price action. The true gap is small and marked within. Either way, this should make a nice move upward through that space.
US Dollar Index Wave 2 expected to terminate through 92.30/40US Dollar Index potential Wave 1 seems to be in place between 91.75 and 93.65 respectively. A Wave 2 correction is still on and is expected to terminate through 92.30/40 mark, the fibonacci 0.618 retracement of Wave 1. Bottom line: US Dollar bulls should hold above 91.75 to remain in control.
Long against 91.75, target is open.
Good luck!
EURUSD Wave 2 could be expanded flat or triangle to 1.1930/50EURUSD hourly chart suggest that potential lower degree Wave 1 is in place around 1.1750 levels. A potential Wave 2 seems to be underway since then and might unfold as an expanded flat towards 1.1930/50 or a potential triangle. It is a typical Wave 2 property to take its own time terminating. Bottom line: 1.2 handle should remain intact to keep bears in control.
Short against 1.2000, target is open.
Good luck!
Breaking downtrend and at rarely oversold levelsSquare pulled back on market weakness and looks to have broken the downtrend after finding support above the 34-50 day EMA cloud. Going back to March, it has rarely been this oversold as indicated by the SlowStoch. This may gap up over the entry level, backtesting it and establishing support would provide ideal entry. Stop loss is below, targets above.
Ready for reversal and retest of ATHAfter a failed breakout and a pullback, oversold conditions may prompt this reversal. A long-legged Doji on the daily is further indicator of this. Fib levels drawn from recent highs to lows provide support and resistance levels, additional stop loss could be set to previous day's lows or percentage based on your risk level. Ideal entry would be retest of the entry fib as it may gap up over it.
Financial Technology -winner20sma has been supportive since mid-april, today is a great opportunity for an entry at the current level.
Risk-Reward-Ratio is fantastic if you place a stop-loss-limit below the 20sma.
We are also seeing past resistance from early August, which is now coinciding with current support level.
RSI has not broken 50 since then.
OBV has been up-trending since.
Good luck!