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Fundamentalanalsysis

Fundamentalanalsysis

Virgin Galactic (SPCE) - Q2 Interest - Potential Accumulation 📊 Fundamental Analysis: Virgin Galactic has been gaining attention in the market due to a positive Q2 performance. The company's strong quarterly results have sparked interest among investors, potentially indicating positive growth prospects ahead. 📈 Technical Analysis: The chart above illustrates a potential Wyckoff accumulation phase for SPCE. The price action appears to be forming a classic Wyckoff pattern, suggesting a potential bullish reversal. We've seen a series of higher lows forming over time, indicating increasing buying interest. 🔄 Anticipating the Spring Phase: The final confirmation for the Wyckoff accumulation pattern often comes with the "Spring" phase, which involves a liquidity grab at the bottom. In this case, we're watching for a potential dip to the 0.272 Fibonacci level around $2.36. This could act as the liquidity grab, setting the stage for a potential bullish move. 📈 Bullish Confirmation: To confirm the bullish scenario, we're looking for a higher high (an outbreak) in the price action, potentially around the $8 to $10 range. This breakout would validate the accumulation phase and signal a potential trend reversal. 🔍 Key Levels to Watch: Support: 0.272 Fibonacci at $2.36 Breakout Confirmation: $8 to $10 range Let's discuss in the comments below! What are your thoughts on SPCE's potential accumulation phase and breakout scenario? Share your insights!

Long

Rio Tinto: A Mid- to Long-Term Investment Rio Tinto Rio Tinto is a British-Australian multinational mining and metals company headquartered in London, England. It is one of the world's largest mining companies, with operations in over 30 countries. Rio Tinto's primary products are iron ore, copper, aluminium, diamonds, and uranium. The company's market capitalization is approximately $100 billion. Rio Tinto is listed on the London Stock Exchange and the Australian Securities Exchange. Current and Future Projects Rio Tinto has a number of current and future projects in the pipeline. These include: The Gudai-Darri iron ore project in Australia, which is expected to be the world's largest iron ore mine when it comes into production in 2023. The Simandou iron ore project in Guinea, which is one of the world's largest undeveloped iron ore deposits. The Oyu Tolgoi copper-gold mine in Mongolia, which is one of the world's largest copper mines. The Jadar lithium project in Serbia, which is one of the world's largest undeveloped lithium deposits. Stock Rating Rio Tinto's stock is currently trading at around $80 per share. I believe that Rio Tinto's stock is a good buy for the mid- to long-term. The company has a strong track record of profitability and growth, and it is well-positioned to benefit from the growing demand for metals in the global economy. Risks There are a few risks to consider before buying Rio Tinto stock. These include: The cyclical nature of the mining industry. The political risks associated with the company's operations in some countries. The environmental risks associated with the mining industry. Conclusion Overall, I believe that Rio Tinto is a good investment for the mid- to long-term. The company has a strong track record, it is well-positioned to benefit from the growth of the global economy, and it is trading at a reasonable valuation. Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Buy Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.

Long

by TheTrade_Academ

GBPUSD - GBP Now Stronger Then The USD?Analysis: This has been a beautiful pair to trade recently and now we've got another opportunity setting up. Firstly looking at the chart it's clear to tell that we're in an upwards trend. We're forming higher highs and higher lows which confirms what we're seeing. We also have an upwards trendline which is being respected, again showing us that we're in an upwards trend so we're only interested in long positions. Price has made a move to the downside which may seem bearish, however this is just a pullback in an upwards trend. Where we're at currently looks like a great possible place to enter. We've got a previous area of resistance and as we know resistance often becomes support once broken so we expect that this will happen this time around. This isn't just our only confluence though. At this level we also have the middle between the 50% fib retracement level and the 61.8% fib retracement level, which is often called the "golden zone". All this means is that we expect bullish momentum to be in this area which would in turn push price to the upside making our level more attractive to buy at. To add further bullish strength to this level we also have an upwards trendline. This trendline has been respected multiple times in the past and every time its been touched we've seen strong bullish momentum. With trading history often repeats itself which is why we expect price will respect this upwards trendline again. Finally to further our point on the technical aspect we've been seeing slowing bearish momentum indicating to us that the bears are taking a step back and it's time for the bulls to step in and push price higher. This morning we did have some news come out for the GBP which was worse then expected, however this news isn't comparable to the bullish strength that we have so this doesn't really matter to us. Taking a look at the fundamentals as well we can see that the GBP actually overtook the USD in strength, meaning the GBP is now the 2nd strongest major currency whereas the USD is the 3rd strongest major currency, so this just furthers our bullish thesis, however we still have more bullish confluences to add to our idea. As of the most recent report for institutional positioning for the GBP we saw an increase in short positions of 18K which may seem bearish, however we also saw an increase of 24K long positions so this is very bullish for the GBP. This isn't the same for the USD however. As of the most recent report on institutional positioning for the USD we saw an increase of 7K long positions, but we also saw an increase of 8K short positions, meaning this is bearish for the USD. Overall we have all of our confluences pointing to bullishness on this pair and we're also sat at a strong level which we expect to hold, giving us a strong reason to be bullish! Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

Long

Updated

Time For GA To Fall..GBP/AUD - I believe it is time, the analysis is above, but if we are being honest, this looks like it will be a clear double top, by EOP on Monday, before RBA decide their interest rate within the Asia session on Tuesday, and I only see AUD growing stronger. Especially with all the tension surrounding the UK interest rate itself this week, I don't see the pound holding strong whatsoever, so I am short on that naturally. This however, I can see a potential 100+ pip play breaking out.

Short

✅ Daily Market Analysis - WEDNESDAY JULY 26, 2023 Key News: USA - Building Permits USA - New Home Sales (Jun) USA - Crude Oil Inventories USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference Cautious Optimism in European Markets as FTSE 100 Reaches Two-Month High European markets have started the week with a cautiously optimistic tone, fueled by hopes of additional stimulus measures from Chinese authorities in response to recent poor economic data. The sentiment has had a positive impact on the FTSE 100, which experienced a significant boost, reaching a two-month high on the previous day. Investors in the region are closely monitoring developments in China, as concerns over its economic slowdown have weighed on global markets. The prospect of further stimulus measures from Chinese authorities is seen as a potential boost for both the Chinese economy and international markets, including Europe. In response to the recent challenges in the Chinese economy, there are expectations that authorities may introduce measures to support growth and stability. Such actions could include monetary easing, fiscal support, or targeted measures to address specific economic sectors. The positive market sentiment in Europe, particularly in the UK represented by the FTSE 100, is a reflection of investors' hopes for a potential economic rebound in China. As one of the world's major economies, any improvement in China's economic outlook could have significant ripple effects on global trade and investment. However, market participants remain cautious as uncertainties persist, and the situation in China remains fluid. The impact of any stimulus measures on the broader global economy is yet to be seen, and geopolitical factors continue to influence market sentiment. As the week progresses, investors will closely watch for any official announcements from Chinese authorities regarding stimulus measures and assess their potential implications for the European and global markets. In the meantime, cautious optimism prevails, with the FTSE 100's recent performance reflecting the market's hopeful outlook for economic recovery. FTSE 100 daily chart Optimism Grows as Short-Term Yields Retreat, Earnings Reports Impress The improved sentiment in the markets has been further bolstered by a retreat in short-term yields, as investors believe that central banks may not need to implement aggressive rate hikes as previously anticipated just a few weeks ago. This development has eased concerns and contributed to a more positive outlook in the financial landscape. Both German and UK 2-year yields have experienced a sharp decline from their earlier highs this month, largely attributed to the indication that inflation is slowing down more rapidly than initially projected. This trend has provided reassurance to investors, alleviating some of the fears of abrupt rate hikes that could potentially hamper economic recovery. In the United States, stocks are witnessing moderate gains on Tuesday, driven by several factors contributing to a favorable market environment. Firstly, the release of a better-than-expected Consumer Confidence survey has boosted investor confidence in the strength of the US economy. The survey's positive results signal that consumers are optimistic about economic prospects, which bodes well for future spending and business activity. Additionally, a series of earnings reports has surpassed expectations, further uplifting market sentiment. Strong corporate performance is a key driver of market growth, and companies' ability to outperform forecasts indicates robust economic conditions and the potential for continued expansion. The combination of upbeat economic data and encouraging earnings reports has reinforced the notion that the global recovery is on track, and the worst impacts of the pandemic are subsiding. These positive developments have contributed to the improved sentiment in the markets and the appetite for risk among investors. As the financial landscape continues to evolve, market participants will closely monitor central bank actions and economic indicators for further clues on the trajectory of interest rates and inflation. In the meantime, the current positive market sentiment is supporting moderate gains in US stocks and providing a sense of optimism for investors in the midst of an ever-changing economic landscape. NASDAQ indices daily chart SPX indices daily chart DJI indices daily chart Wall Street Rally: Factors Fueling Optimism in the US Market The current Wall Street rally has been fueled by a convergence of positive factors, creating a favorable environment for investors and driving market sentiment. Several key elements are contributing to this optimistic outlook. Strong US Consumer Confidence: One of the driving forces behind the rally is the strong US consumer confidence. The recent surge in consumer confidence has instilled optimism in the economy's resilience and growth prospects. This positive sentiment is indicative of consumers' confidence in their financial well-being and their willingness to spend, which can have a significant impact on economic activity and corporate performance. Growing Belief in an Economic 'Soft Landing': Investors are increasingly becoming more confident in the notion of an economic 'soft landing,' wherein the economy transitions from a period of rapid growth to a more sustainable and stable pace. This reassurance has been underpinned by various economic indicators and data, suggesting that the economy is gradually moderating, rather than facing a sharp contraction. Optimism Surrounding Artificial Intelligence Initiatives: The growing focus on artificial intelligence (AI) initiatives is also contributing to the positive sentiment on Wall Street. Investors are recognizing the potential of AI technologies to drive innovation, efficiency, and productivity in various industries, creating exciting opportunities for companies at the forefront of AI adoption. Better-than-Anticipated Earnings Results: The ongoing earnings season has seen better-than-anticipated results from major tech companies, further boosting investor confidence. These positive earnings reports signal strong corporate performance and underscore the robustness of the US economy. Busy Earnings Season: This week marks the start of the two busiest weeks of the earnings season, with a significant number of US companies reporting their earnings. Investors are closely monitoring these reports for insights into corporate performance and future prospects. The initial reactions to earnings releases from companies like Microsoft and Alphabet have been positive, adding to the overall optimism in the market. Resilient US Economy and Federal Reserve's Monetary Policy: The overall resilience of the US economy and indications that the Federal Reserve is nearing the end of its rate-hiking cycle have contributed to the positive sentiment. A stable monetary policy outlook provides confidence to investors, as it suggests that the central bank is striking the right balance between managing inflation and supporting economic growth. In conclusion, the current Wall Street rally is the result of multiple factors aligning to create an environment of optimism and confidence. Strong consumer confidence, expectations of an economic 'soft landing,' enthusiasm for AI initiatives, and positive earnings results are all contributing to the positive sentiment. As the earnings season unfolds, investors will continue to closely monitor corporate performance and central bank actions, which will further shape market dynamics in the weeks to come. GOOGL stock daily chart MSFT stock daily chart Fed's 25bps Rate Hike Likely to Be the Last in 2023 Amid Inflation Concerns The much-anticipated 25 basis points rate hike by the Federal Reserve today is expected to mark the final increase for the year, despite any potential arguments by Fed policymakers for additional hikes. Last month's pause in rate increases seems to set the tone for a more cautious approach towards monetary tightening. Recent trends surrounding US inflation, particularly the likelihood of the Producer Price Index (PPI) turning negative in July, may pose challenges for the Fed's case for further rate hikes. Inflation dynamics have been a key concern, and the prospect of PPI potentially going negative adds to the complexities of justifying additional tightening measures. Federal Reserve Chairman Jerome Powell may voice support for more rate hikes, but prevailing market sentiment seems to favor a prolonged period of higher rates. The focus will be on the Fed's projections regarding when it expects to reach its 2% inflation target. Despite the headline Consumer Price Index (CPI) currently sitting at 3%, core prices remain elevated, capturing attention from both the Fed and the market. Investors and analysts will closely monitor the Fed's communication on its outlook for inflation and its strategy to achieve its price stability mandate. Any indication that the Fed is reassessing its approach to monetary policy amid inflation concerns could impact market sentiment and influence future rate expectations. As the Fed delivers its decision today, the financial community will scrutinize not only the rate hike itself but also the nuances in the accompanying statements and remarks made by Chairman Powell during the press conference. Clarity on the Fed's stance and commitment to addressing inflation will be crucial for shaping market expectations and guiding investor decisions in the coming months. US inflation rate Challenges Ahead for the Fed as Headline CPI Declines, Causing Uncertainty in Gold Prices As headline Consumer Price Index (CPI) continues its downward trend, the Federal Reserve may encounter difficulties in convincing the markets to support further rate hikes under the current economic conditions. The declining CPI adds to the uncertainties surrounding the central bank's future monetary policy decisions. Gold prices have been experiencing fluctuations this week as investors remain cautious ahead of the Federal Reserve's meeting later in the day. The widely anticipated 25 basis points rate hike during the meeting has already been factored into the market expectations. However, the focus lies on any indications or signals regarding the central bank's stance on future rate hikes for the remainder of the year. The precious metal's prices have remained within a narrow range amid the uncertainty surrounding the Fed meeting. Investors are closely monitoring any clues from the Federal Reserve regarding their outlook on inflation and potential further tightening measures. Market participants are keen to understand the central bank's assessment of economic conditions and whether additional rate hikes are warranted amid the evolving inflation dynamics. As the Federal Reserve makes its announcement, the markets will be carefully analyzing the statements and remarks by Fed officials, especially Chairman Jerome Powell, during the press conference. Any hints of a shift in the Fed's approach to monetary policy could trigger volatility in gold prices and influence investor sentiment. In this climate of uncertainty, gold prices are likely to react to the nuances of the Fed's communication, as traders and investors gauge the central bank's intentions and how it plans to address inflationary pressures. The upcoming meeting will provide critical insights into the central bank's strategy, and any surprises or shifts in their messaging could have significant implications for gold prices and the broader financial markets. XAU/USD daily chart Gold's Recovery Stalls Amidst Uncertainties Ahead of Central Bank Meetings Gold has experienced a robust recovery over the past month, primarily driven by weak US economic data, particularly concerning inflation figures. Speculations arose that the Federal Reserve's ability to continue raising interest rates would be limited, providing support for the precious metal's price surge. However, in recent sessions, this rebound has stalled as uncertainties loom in anticipation of the outcome of the Fed's meeting. Investors are closely watching the Federal Reserve's meeting, as it will provide crucial insights into the central bank's monetary policy outlook and how it plans to address inflation concerns. The speculations surrounding the Fed's future rate hikes have added to the cautious sentiment in the gold market, leading to a pause in the metal's upward momentum. Beyond the Fed meeting, investors are also keeping an eye on decisions from the European Central Bank (ECB) and the Bank of Japan (BOJ) later in the week. The ECB is expected to raise rates by 25 basis points on Thursday, signaling a shift in its monetary policy stance. On the other hand, the BOJ is likely to maintain its ultra-dovish approach on Friday, emphasizing its commitment to supporting the Japanese economy. These upcoming central bank meetings have introduced further uncertainties into the market, causing investors to exercise caution and reassess their strategies. Gold, often sought as a safe-haven asset during times of economic uncertainty, is particularly sensitive to changes in interest rates and monetary policies, leading to the recent hesitation in its price movement. As the central banks announce their decisions and provide guidance on their future policy trajectories, the gold market is expected to see increased volatility. The outcomes of these meetings will shape investor sentiment, potentially leading to new trends in the precious metal's price. In such a dynamic environment, traders and investors need to remain vigilant and closely monitor central bank communications to make informed decisions amid the evolving economic landscape. EUR/USD daily chart GBP/USD daily chart Euro and Pound Weaken Against US Dollar Amidst Weak PMI Surveys from Europe The euro and pound have been trading at moderately weaker levels against the US dollar, experiencing further declines following the release of weaker-than-expected PMI surveys from Europe. The data revealed a slowdown in economic activity, raising concerns about the region's recovery prospects. Investors are closely monitoring the developments surrounding central bank meetings, particularly the Federal Reserve and the European Central Bank (ECB). The prevailing market sentiment suggests that the Fed is likely to implement a single rate hike and then pause, signaling a more cautious approach to addressing inflationary pressures. On the other hand, the ECB may have further rate adjustments to make as it grapples with economic uncertainties in the Eurozone. These differing expectations for the two central banks could lead to significant fluctuations in the value of the euro in the currency markets. Investors are keeping a keen eye on any shifts in either or both of these views, as they can have a profound impact on the euro's trajectory. The weakening of the euro and pound against the US dollar indicates growing concerns about the economic outlook for Europe. The region's PMI surveys have highlighted challenges in various sectors, and this has put pressure on the currencies. In such a dynamic environment, currency traders need to remain vigilant and responsive to changing market sentiment and economic data. Any surprises or shifts in central bank policies can lead to rapid movements in currency pairs, presenting both opportunities and risks for traders. As the central banks proceed with their monetary policy decisions, market participants will closely analyze their communications and guidance. Any indications of future rate adjustments or policy shifts could spark volatility in the currency markets, making it essential for traders to stay informed and adaptable in their strategies.

HOW TO CHOOSE STOCKS STEP-BY-STEP APPROACH HOW TO CHOOSE STOCKS STEP-BY-STEP APPROACH 1. Systematic approach: It's crucial to have a good strategy to identify stocks that align with your investment goals and risk tolerance. Let's learn the full process. 2. Identify Companies with Strong Fundamentals: Evaluate the following metrics while selecting stocks. • Price-to-Earnings (P/E) Ratio • Return on Equity (ROE) • Debt-to-Equity Ratio • Dividend Yield • Free Cash Flow (FCF) Here's an evaluation of each of the mentioned metrics a. Price-to-Earnings (P/E) Ratio: The Price-to-Earnings ratio (P/E ratio) is one of the most commonly used valuation metrics. It compares a company's stock price to its earnings per share (EPS). The formula is: P/E Ratio = Stock Price / Earnings Per Share (EPS) A high P/E ratio may indicate that investors have high expectations for the company's future growth potential, while a low P/E ratio may suggest that the stock is undervalued. However, a high P/E ratio could also mean the stock is overvalued or that the company is experiencing temporary issues. b. Return on Equity (ROE): Return on Equity measures a company's profitability relative to shareholders' equity. It is calculated as: ROE = (Net Income / Shareholders' Equity) * 100 ROE represents how efficiently a company is using shareholders' capital to generate profits. A higher ROE generally indicates better financial performance and management effectiveness. However, it's essential to compare ROE within the same industry, as different industries may have varying capital structures and profitability expectations. c. Debt-to-Equity Ratio: The Debt-to-Equity ratio (D/E ratio) assesses a company's financial leverage by comparing its total liabilities to shareholders' equity. The formula is: D/E Ratio = Total Debt / Shareholders' Equity A high D/E ratio may suggest that the company relies heavily on debt to finance its operations, which can increase financial risk. On the other hand, a low D/E ratio may indicate a more conservative capital structure. A balance between debt and equity is generally preferred, depending on the industry and the company's overall financial health. d. Dividend Yield: The Dividend Yield is a financial ratio that shows the annual dividend income as a percentage of the current stock price. The formula is: Dividend Yield = (Annual Dividend Per Share / Stock Price) * 100 Dividend-paying stocks with a higher yield can be attractive to income-focused investors. However, it's essential to consider the sustainability of the dividend and the company's ability to maintain or increase it over time. e. Free Cash Flow (FCF): Free Cash Flow represents the cash a company generates from its operating activities after accounting for capital expenditures. It provides insight into a company's financial flexibility and ability to invest in growth opportunities or return cash to shareholders. The formula is: FCF = Operating Cash Flow - Capital Expenditures A positive and growing FCF is generally a positive sign, as it suggests the company can fund its operations and invest in future growth without relying on excessive debt or equity issuance. Strong fundamentals indicate a company's ability to generate consistent earnings and withstand market fluctuations. 3. Analyze Competitive Position: Assess a company to see if they have a competitive edge in the market. Factors like brand strength, patents, unique technology, or dominant market share can contribute to a company's competitive edge. 4. Study Historical Performance and Future Growth Potential: Look for consistent revenue and earnings growth over time. Additionally, assess the company's growth for future by considering factors like new product launches, expansion plans, and market opportunities. 5. Monitor and Review: After selecting stocks, it's crucial to monitor and review your investments regularly. Evaluate your portfolio's performance and make adjustments as necessary to ensure it remains aligned with your investment goals. Here are some additional tips for choosing stocks: 6. Diversification: Diversification is a key principle in stock investing. It involves spreading your investment across different companies, industries, or asset classes. By diversifying, you reduce the risk associated with any single stock or sector performing poorly, as losses in some areas may be offset by gains in others. Diversification can be achieved through mutual funds, exchange-traded funds (ETFs), or by individually selecting stocks from various sectors. 7. Risk Assessment: Understanding and assessing the risks associated with a particular stock or investment is essential. Each stock carries its own set of risks, including market risk, sector-specific risks, company-specific risks, and broader economic risks. Consider your risk tolerance and the amount of risk you are willing to take on before investing in any stock. 8. Technical Analysis vs. Fundamental Analysis: Investors use two main approaches to analyze stocks: technical analysis and fundamental analysis. Technical analysis involves studying historical price and volume patterns to make predictions about future price movements. On the other hand, fundamental analysis, which was partially covered in step 2, involves evaluating a company's financial health, performance, and potential for growth. Understanding the differences between these approaches can help you decide which one aligns better with your investment strategy. 9. Long-term vs. Short-term Investing: Decide whether you want to be a long-term investor or a short-term trader. Long-term investing involves holding onto stocks for extended periods, often years, to benefit from potential long-term growth. Short-term trading involves buying and selling stocks over shorter periods, typically to take advantage of short-term price movements. Your choice will depend on your investment goals and risk tolerance. 10. Consider Dividends: Dividends are payments made by some companies to their shareholders from their profits. If you are seeking a regular income stream or want to reinvest in more stocks, consider choosing companies that offer dividends. Dividend-paying stocks can be an essential component of an income-focused investment strategy. 11. Stay Informed: Stay updated on market trends, economic indicators, and company news. Being informed about the latest developments can help you make more informed investment decisions. Read financial news, follow reputable analysts, and keep track of relevant events that could impact the stock market. 12. Avoid Emotional Investing: Avoid making investment decisions based on emotions, such as fear or excitement. Emotional investing can lead to impulsive decisions that may not align with your overall strategy. Instead, stick to your systematic approach and investment plan, considering the long-term objectives you set. 13. Understand Tax Implications: Consider the tax implications of your investments. Different countries have different tax rules for stocks, and holding periods can also affect taxation. Understanding the tax implications can help you optimize your investment returns and minimize tax liabilities. 14. Seek Professional Advice: If you are new to investing or find it challenging to select stocks, consider seeking advice from a financial advisor or investment professional. They can provide personalized guidance based on your financial situation, risk tolerance, and investment goals. 15. Stay Patient and Disciplined: Stock market investing requires patience and discipline. The market may experience ups and downs, but it's essential to stay focused on your long-term goals and avoid making impulsive decisions based on short-term market fluctuations. Advice before making any investment decisions: Do your research. Before you invest in any stock, make sure you do your research and understand the company. This includes reading the company's financial statements, following the news about the company, and talking to other investors. Diversify your portfolio. Don't put all your eggs in one basket. By diversifying your portfolio, you can reduce your risk. Don't panic sell. When the market takes a downturn, it is important to stay calm and not panic sell. Remember, the market will eventually recover.

Education

by khushaljain023

CADCHF - Are We Still In An Upwards Trend?Analysis: Looking at the chart things may look bearish to the untrained eye as we've had a strong recent move to the downside, however price to us still looks bullish and this is the last line of defence so we expect that this is where most of the bulls will be wanting to push price higher from. We still think that price is in an upwards trend as we haven't broken the most recent higher low. Whilst some people may think we put in another higher low at the top of the move, we didn't as price didn't break higher so we never formed a higher low, just a higher high, meaning that our area we have marked out is where the most recent higher low is. This may be difficult to understand but this is how we see the market trend. At this area we have marked out, in the past we can see that this level has held as both support and resistance so we'd expect this to happen again, making it a great possible entry zone. To add to our idea we also have the 50% fib retracement level which has been tagged so we expect to see some sort of bullish pressure from this level as this is where some bulls will be sat at wanting to hold price and push it higher, which goes in favour of our idea. Fundamentally the CAD is the 4th strongest major currency compared to the CHF which is the 3rd weakest major currency, so this is already favouring our bullish idea. As of the most recent report for institutional positioning we did see a big decrease in long positions but we saw a 2 times bigger decrease in short positions so this is bullish for the CAD. For the CHF, in regards to institutional positioning we did see an increase in both long and short positions so this is slightly bullish for the CHF, but not as bullish as the CAD is. Tomorrow we have some big news coming out for the CAD so this could give us the catalyst that we need to see price head to the upside and for the CAD to make its bullish run. Fundamentals are what actually drive the markets, so whilst the technicals don't look that clear to the untrained eye, the fundamentals are clear. The CAD is stronger then the CHF. This is why overall we are bullish on CADCHF. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

Long

Updated

AUDCHF - Has A Bullish Falling Wedge Chart Pattern Formed?Analysis: Looking at the charts we can see that price seems to not know where it wants to go. One minute it's heading to the upside and the next it's heading to the downside. This can make it quite hard to trade during these times but we see a setup occurring on this pair. Price recently has been heading to the downside however we are actually bullish on this pair and we think that a breakout to the upside will occur. Where price is currently we have marked out a strong area of previous support. When this level was touched in the past, we saw a huge strong bullish move happen, so we expect that this will happen again, as key levels tend to hold more then once and this level has be held 3 times, making it a very strong support level. To add to our idea, on the higher timeframe, we can clearly see a bullish falling wedge forming. This is a bullish chart pattern which is often followed by a breakout to the upside so this is what we expect to see happen on this pair as this is the pattern that we have. We're also at the bottom trendline of the chart pattern so we expect that there will be some bullish pressure around this area which will hold price and push it to the upside. All of these technical confluences together line up to give us a bullish bias on this pair but lets take a look at the fundamentals. Fundamentally the AUD is the 2nd weakest major currency whereas the CHF is the 3rd weakest major currency so this slightly goes against our idea, however overall we are bullish on this pair. Tomorrow we have some news coming out for the AUD which could give us the catalyst that we need to see price breakout to the upside. This isn't the best looking setup by any means and it does go against the trend slightly however it's still to our trading plan so it's still valid. It doesn't matter how the setup looks, all that matters is the result. As long as you stick to your trading plan and let your edge play out, you'll be profitable. Not every setup will look perfect and the sooner a trader learns this the sooner they will become profitable. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

Long

Updated

AUDUSD - Are The Bulls Getting Ready To Push Price Higher?Analysis: When we look at price action we've recently seen a strong rejection off of an area and price is making a move back down however we see this as a buying opportunity. If we look at price action before this rejection we can see that price did indeed form a higher high and a higher low showing us that we're in an upwards trend. This higher low hasn't yet been broken so we're still in that upwards trend. At the start of June there was some real strong momentum on the AUDUSD for the bulls and it looks as if they are currently taking a break before we see a continuation higher. This position will also hedge our other USD long positions so if we are incorrect about the USD strength we expect then we will still be able to profit. As a professional trader you need to remember that your job isn't to make a million percent in a year. It's to make a consistent profit whilst managing your risk. If you can't manage risk then you won't make it as a trader and that's the harsh truth. Hedging allows you to diversify your risk which is why we like to do it here at JPI. Were price is currently is an interesting area to us because if we look left on the chart we can see price has held this zone multiple times as support previously and we expect that this will happen again as very often we see this. For more confluence we saw slowing down momentum for the bears at the start of the week as the candles were very small and were indicating a possible reversal. This was also where the 50% fib retracement level was so there was even more confluence that price was going to reverse there, however we were more interested in level slightly below. Early this morning we had some worse then expected news for the AUD so we saw price push down and tag the 61.8% fib retracement level which is often classed as the strongest fib level and we expect that this is were buyers will be sat at wanting to push price higher. With the slowing bearish momentum that we saw this week around the 50% fib retracement level and with the 61.8% fib retracement level being tagged this "golden zone" which is just the area between the 50% fib retracement level and the 61.8% fib retracement level looks like a great place to enter long from especially from our area which is also in this "golden zone". For more confluence we also have an upwards trendline. This trendline is better seen on the weekly timeframe. When this level has been touched before we've seen bulls step in and push the market higher so we'd expect this to happen again. This trendline is below our entry but above our stop loss so if we we're to go into drawdown then there would be a strong level where we'd expect buyers to step in so this gives us more confidence in our setup. Why don't we enter at this trendline then? Well where price is at currently looks like a stronger area for possible reversals and we don't want to miss this trade as it's a good setup. The upwards trendline is just another confluence to add to our bullish thesis. Fundamentally as of the most recent report on institutional positioning the USD is the strongest major currency whereas the AUD is the 6th strongest major currency so this doesn't go in our favour. However if we dig a little deeper you can see why we currently prefer the AUD over the USD. As of the most recent report on institutional positioning we saw a decrease in both short and long positions on the USD so this is pretty neutral but on the AUD in regards to the most recent report for institutional positioning we actually saw an increase in long positions and a decrease in short positions which is very bullish. This could be early signs that we could see some bullishness for the AUD in coming weeks. Although the AUD news this morning wasn't positive we still have loads of confluence factors pointing to bullishness on the AUD which is why we have an overall bullish view on AUDUSD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

Long

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EURUSD - Will The USD Become The Strongest Currency?Analysis: When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been respected twice we expect that it will actually hold again for a third time and we will see price reject off of this area. Another confluence on why we think that this area will hold as resistance is because its been tested multiple times. If we look left we can see that price has come to this area before and we then saw a rejection. This has happened twice now and due to other confluence factors we see this happening again. Our final technical confluence factor that we have is this ascending triangle that we broke out of in may indicating to us that there could be some bearishness on the horizon. We're now retesting this ascending triangle and we expect that it will hold as resistance and that price will reverse back to the downside. A big reason for this setup though is the fundamentals so lets take a look at these too. Fundamentally the EUR is just about the 1st strongest major currency compared to the USD which is the 2nd strongest major currency but these two currencies are very close in strength. Whilst this looks like it goes against our idea if we look a little further we get more important data. As of the most recent filling we saw a decrease in long positions by institutions on the USD but we saw an even bigger decrease in short positions by institutions on the USD indicating that there could be some more bullishness coming to the USD whereas for the EUR we saw a decrease in short positions by institutions but an even bigger decrease in long positions by institutions which is bearish for the EUR. This is why we are actually fundamentally bullish on the USD over the EUR. so along with the technicals that we see we're bearish on the EURUSD. Just a note however, this isn't our favourite setup but it fits our plan. We know our strategy is profitable which is why we're taking this setup. We won't know the result until the end but what we know now is that this setup has an edge in the markets so its worth taking and we're confident in it. With that being said lets see if we get that move that we expect. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

Short

Updated

BluetonaFX - DXY Triangle Opportunity Hi Traders! We are nearing a bullish breakout on the US Dollar Index (DXY) 1D chart. This, however, will be heavily dependent on today's and tomorrow's very important fundamental data releases, which will indicate where the US economy is heading. Looking at the technical price action on the chart, we have marked a few key things to focus on. Firstly, there is a symmetrical triangle formation that has developed on the chart, which is a pattern that is neither bullish nor bearish; however, we have a bullish bias on the basis that there was a recent strong bullish momentum swing to test the upside trendline for a possible break above. If there is a break above, we have the psychological 104.000 as a target; the market has not been above the 104.000 level in 4 weeks. Further to the upside, there is the longer-term resistance level at 104.699. This is May 2023's high, so if there is strong bullish momentum, especially if there is positive data for the US in the next couple of days, this level will be a target. On the downside, if we do not get a break and close above the trendline, the market will go back into the range, and we have possible long-term support at 101.921. Please do not forget to like, comment, and follow. Thank you for your support. BluetonaFX

GBPCAD - Inverse head and shoulders pattern forming?Analysis: Price last week managed to put in a new higher high showing us that we're in an upwards trend meaning that we only want to be going long on this pair. At this level we saw that price held as support if we look left so we expect that it will hold again. Now for this particular setup we don't have any fib levels which we usual look for but we do instead have another pattern, an inverse head and shoulders pattern. This is a bullish chart pattern which is often followed by a bullish move after the second shoulder is formed which is what we expect and this second shoulder lines up with our support level. To add further to this level of support we have a previous downwards trendline that was broken and now is being retested for support. We expect that buyers will set here and will want to hold this level making it a good buying opportunity. Taking a look at the fundamentals we have the GBP which is the 3rd strongest major currency compared to the CAD which is the 2nd weakest major currency so this is already going in our favour, but we get even more confluence as we dig deeper. As of the most recent report for institutional positioning on the CAD we saw an increase in both long and short positions so this is pretty neutral but this isn't the same story for the GBP. As of the most recent report on the GBP for institutional positioning we saw an increase in long positions and a decrease in short positions showing the strength of the GBP and we expect that this will continue. Overall the technicals and the fundamentals are pointing to bullishness on this pair which is why we have our long bias on GBPCAD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

Long

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TESLA CHART - WEEKLY TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy

Long

by Tradelikemee

Updated

AUDCHF - Breakout Of The Downwards Trend!Analysis: Looking at the chart we can see that we were in a strong downwards trend however at the start of June we were able to break out of this trend and put in a higher high which shows us that the bears have lost control of the market and the bulls are taking over. We have more confluence that price broke out of this downwards trend when we see that the downwards trendline was broken. Price is now pulling back to an area where we previously saw key resistance which we now expect will hold as support as this very often happens. To give added confluence that this area will hold we have the 61.8% fib retracement level which is often classed as the strongest fib level so we expect that around this area we will see buyers sat, wanting to enter into long positions and push price higher. Taking a look at the fundamentals the AUD is the 6th strongest major currency where as the CHF is the 5th strongest major currency so there isn't really much in it here and it actually slightly goes against out thesis but when we dig a little deeper we find out why we prefer the AUD over the CHF. As of the most recent filling for institutional positions we saw a decrease in both long and short positions on the AUD which isn't positive but it also isn't negative. If we take a look at institutional positioning on the CHF we see that as of the most recent filling there was a decrease in long positions and an increase in short positions showing us that the CHF might have some bearishness on the way. From the SNB press conference that we had on Thursday things didn't look too good for the CHF which is another thing keeping us away from going long on the CHF. On this coming Wednesday we have CPI coming out for the AUD which could be the catalyst that we need to rocket price higher so this is what we will be watching out for but for now we have all of the confluences we need to be bullish on AUDCHF which is why we have a long bias on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

Long

Updated

The Limits of Fundamental Analysis: An In-Depth Perspective Fundamental analysis serves as a comprehensive approach to evaluating securities, aiming to assess their intrinsic value by examining the underlying factors that shape their worth. This method involves a meticulous analysis of qualitative and quantitative aspects, enabling an assessment of a company's financial well-being, performance, and future prospects. By diving into financial statements, gathering relevant company information, conducting qualitative and quantitative analysis, performing forecasting, and utilizing valuation techniques, fundamental analysis empowers investors to make well-informed decisions regarding the long-term potential of a security. Undoubtedly, fundamental analysis provides valuable insights and a solid foundation for investment decision-making. However, it is crucial to acknowledge the limitations inherent in this approach and the necessity of adopting a holistic perspective when making investment decisions. While fundamental analysis offers a comprehensive understanding of a company's fundamentals, it may not account for short-term market fluctuations, investor sentiment, or external macroeconomic factors that can significantly impact the performance of a security. Therefore, combining fundamental analysis with other methodologies, such as technical analysis or considering market trends, can provide a more robust and well-rounded approach to investment decision-making. By recognizing the strengths and limitations of fundamental analysis and incorporating it into a broader framework, investors can strive to enhance their chances of making sound investment choices that align with their financial goals and risk tolerance. Knowing How and Why Fundamental Analysis Works Fundamental analysis is a meticulous approach to evaluating securities, such as stocks or bonds, by examining the underlying factors that impact their intrinsic value. This method involves a comprehensive analysis of both qualitative and quantitative factors to assess the financial health, performance, and future prospects of a company or investment. The process of fundamental analysis typically includes several key steps. It begins with analyzing the company's financial statements, including the balance sheet, income statement, and cash flow statement, to gain insights into its financial position and performance. Gathering relevant company information, such as details about the management team, business model, competitive advantages, and market share, is also crucial. Qualitative analysis plays a significant role in fundamental analysis. It involves evaluating industry dynamics, market trends, regulatory factors, and the competitive landscape to understand the broader context in which the company operates. This analysis helps assess the company's positioning and identify potential risks and opportunities. Quantitative analysis is another vital component of fundamental analysis. It involves examining financial ratios and metrics derived from the company's financial statements. Profitability ratios, liquidity ratios, and valuation ratios provide valuable insights into the company's financial performance, efficiency, and relative valuation. Forecasting and projections are integral to fundamental analysis. Analysts use historical data, industry trends, and other relevant information to make future projections of the company's revenues, earnings, and cash flows. These forecasts help evaluate the company's growth potential and estimate its intrinsic value. Valuation is a critical step in fundamental analysis. Analysts use various methods, such as discounted cash flow analysis, price-to-earnings ratios, and price-to-book ratios, to determine the intrinsic value of the company or investment. Based on the intrinsic value compared to the current market price, fundamental analysts make investment decisions. If the intrinsic value suggests that the investment is undervalued, it may be considered an attractive opportunity. On the other hand, if the intrinsic value is lower than the market price, it may indicate an overvalued investment. Arguments Against Fundamental Analysis : Fundamental Analysis Is Outdated For day traders, the immediate market conditions and price movements take precedence over future stock prices, which is a primary focus for long-term investors. Day traders rely on real-time information and timely data to make quick trading decisions. This is where charts become essential, as they provide up-to-date details on price changes, current stock prices, and moment-to-moment fluctuations. Fundamental analysis, on the other hand, relies on analyzing company financials and economic indicators, which are often released after a few days or each quarter. The lag between data releases makes fundamental analysis less suitable for day traders who require more immediate insights. Instead of waiting for economic reports and financial statements, day traders rely on chart analysis to identify trade setups and execute their trading strategies. In this context, fundamental analysis may not be as effective for day trading. Day traders heavily rely on technical analysis techniques, which involve studying charts, patterns, and indicators. These tools allow them to analyze price trends, identify key levels, and determine entry and exit points for their trades. By focusing on real-time data and chart readings, day traders can react swiftly to market movements and implement their trading plans effectively. It's important to understand that while fundamental analysis may have limited applicability for day trading, it remains a valuable tool for long-term investors who consider a broader range of factors and take a more extended perspective on investment decisions. Each approach serves its purpose depending on the trading style and goals of the investor. Fundamental Analysis Is Incapable of Predicting Immediate Reactions The response of the market to fundamental data points, whether they pertain to specific commodities, companies, or the overall economy, can often seem unpredictable. Even when a company's actual earnings exceed analysts' expectations, it does not guarantee that stock prices will always rise. In some cases, if traders had even higher expectations for the company's earnings, the actual result may be viewed as disappointing, leading to a decrease in the value of the asset. Conversely, if traders had anticipated even worse earnings, even a below-average result could cause the investment's value to increase. Market reactions to fundamental data are influenced by various factors, including market sentiment, investor expectations, and prevailing economic conditions. These factors create a complex interplay that can cause stock prices to deviate from what might be considered the "expected" response based solely on the fundamental data. Investors must understand that market reactions are not always straightforward or predictable. Gaining insights into market sentiment and investor expectations, in addition to conducting fundamental analysis, can provide a more comprehensive understanding of potential market movements. Furthermore, implementing risk management practices and adopting a diversified investment approach can help mitigate the impact of unexpected market reactions to fundamental data points. Without technical analysis, fundamental analysis cannot be completed. Fundamental analysis and technical analysis are two essential tools for understanding price movements and making informed trading decisions. Relying solely on one approach while ignoring the other would be a mistake. Instead, they should be used together to complement each other and provide a comprehensive understanding of the market. Fundamental analysis involves evaluating the underlying factors that drive market sentiment and determine the potential direction of prices. It provides insights into the overall health and prospects of the currencies or assets being traded. On the other hand, technical analysis focuses on analyzing historical price data, chart patterns, and indicators to identify optimal entry and exit points. By combining fundamental and technical analysis, traders gain a more holistic view of the market. Fundamental analysis helps answer the "why" behind price movements, while technical analysis helps determine the "when" to execute trades. Mastering technical analysis enables traders to spot early warning signs and changes in market sentiment, allowing them to react swiftly. By striking a balance between both approaches, traders can make well-informed decisions and improve their overall trading strategy. To enhance understanding of both fundamental and technical analysis, it is beneficial to gather materials and insights from various sources. This approach exposes traders to different perspectives and helps them develop a well-rounded knowledge base. Remember, successful trading involves incorporating both fundamental and technical analysis, rather than relying solely on one approach. Fundamental analysis can't explain why the market went too far. Fundamental analysis is a valuable tool for understanding the intrinsic value of an asset, but it may not fully account for market overreactions. When day trading, it's essential to be aware of significant price movements that can occur when fundamental news, such as the US Non-Farm Payroll (NFP) report, is released. During these important releases, the market can react rapidly and sometimes in an exaggerated manner. Positive news initially may create the perception of high employment rates, but subsequent information may reveal little change in unemployment or stagnant wages. It's important to recognize that market overreactions can happen. While certain economic news releases have a strong impact, their effects on market dynamics may not always be lasting or significant. To navigate these sudden market movements, it's crucial to implement strong money management practices. Robust money management strategies can help you better handle market overreactions and potential volatility. This includes setting appropriate Stop Loss orders, managing position sizes, and diversifying your portfolio. These practices protect your capital and mitigate the risks associated with market fluctuations caused by overreactions. While fundamental analysis provides valuable insights into the underlying factors driving market movements, it's important to be aware of the potential for market overreactions and adjust your trading strategies accordingly. Fundamental Analysis Cannot Predict Supply And Demand You are correct that fundamental analysis alone may not be sufficient to predict supply and demand dynamics in day trading, particularly in the forex market where currencies are traded in pairs. While fundamental analysis provides insights into the broader economic factors influencing both currencies, it is crucial to consider additional factors that impact supply and demand dynamics. Market sentiment and overall market dynamics play a significant role in determining the demand and supply of securities. Factors such as investor psychology, market trends, and prevailing market conditions can influence trading volumes and affect price movements beyond fundamental data. It is important to recognize that events unrelated to fundamental data, such as natural disasters or geopolitical tensions, can have a substantial impact on various financial instruments like bonds, stocks, or commodities. These events can shape market sentiment and have implications for day trading. Some events may have a minimal impact, while others can exert significant influence on market sentiment for a specific period. To succeed as a day trader, it is essential to consider a wide range of factors beyond fundamental analysis. This includes staying updated on market sentiment, monitoring technical indicators, and being aware of significant events or developments that may affect supply and demand dynamics. By adopting a comprehensive approach that combines fundamental analysis with an understanding of market sentiment and other relevant factors, you can gain a better understanding of supply and demand dynamics and make more informed trading decisions. Should You Use Fundamental Analysis? Deciding whether to incorporate fundamental analysis into your investment strategy depends on several factors, including your investment goals, risk tolerance, time horizon, and trading style. While fundamental analysis offers valuable insights into a security's intrinsic value and long-term prospects, it is not the only approach to consider. Here are some key considerations to help you determine if fundamental analysis is suitable for you: 1 ) Long-Term Investment Goals: If you have a long-term investment horizon and aim to build a portfolio of fundamentally strong companies, fundamental analysis can be beneficial. By evaluating financial statements, industry dynamics, and company information, you can make informed decisions aligned with your long-term investment goals. 2) Value Investing: If you are a value investor, fundamental analysis is particularly relevant. By examining a company's financial health, earnings potential, and valuation, you can identify stocks that are trading below their intrinsic value, offering potential for long-term appreciation. 3 ) Fundamental-Focused Trading Strategy: For investors who employ a fundamental-focused trading strategy, fundamental analysis is crucial. This approach involves using fundamental factors to identify short-term trading opportunities. By analyzing company-specific news, economic indicators, and market trends, you can capitalize on short-term price fluctuations driven by fundamental factors. 4 ) Combining Approaches: Many investors adopt a hybrid approach by combining fundamental analysis with other methods, such as technical analysis or market sentiment analysis. Integrating different approaches can provide a more comprehensive view and help validate investment decisions. For example, technical analysis can help identify optimal entry and exit points based on short-term price patterns, complementing the long-term perspective offered by fundamental analysis. 5 ) Time and Effort: Consider the time and effort required for thorough fundamental analysis. Analyzing financial statements, researching industry trends, and staying updated with company news demands substantial time and research skills. If you have limited availability or prefer a more passive investment approach, fundamental analysis may not be the most suitable option. Ultimately, the decision to use fundamental analysis depends on your investment objectives and individual preferences. It's important to consider your own circumstances, risk tolerance, time availability, and level of expertise before incorporating fundamental analysis into your investment strategy. Fundamental analysis is indeed a valuable tool for investors, providing insights into the intrinsic value and long-term prospects of securities. However, it's important to recognize its limitations and the need to incorporate other methods into the investment process. By combining fundamental analysis with other approaches, investors can gain a more comprehensive understanding of the market and make better-informed decisions.

Education

EURAUD - EUR Weakness On Its Way?Analysis: Looking at the chart and price action we can clearly see that price is in a downwards trend. We're forming lower lows and lower highs which confirms that we're in a downwards trend. Bearing this being in mind we're only looking for short setups. If we look at the previous lower low we have a strong area to enter from. Whys this? Well this area has held multiple times in the past as both support and resistance so we expect that it will do it again. Also in a downwards trend we'd expect price to pullback to the previous lower low to put in a new lower high before continuing to the downside and this is what we're seeing now. For more added confluence at this area we also have the 61.8% fib retracement level which is often classed as the strongest fib level. We expect that sellers will be sat at this level wanting to push price down further, so this helps out our bearish thesis. We also have a downwards trendline very close by. This trendline has been respected in the past so we expect that it will be respected again and we will see sellers enter into the market pushing price down further. Fundamentally the EUR is the strongest major currency compared to the AUD which is the 6th strongest major currency so this really doesn't go in our favour but in recent news events we've actually see some bullish news come out for the AUD with regards to unemployment claims and other key events whereas for the EUR it's been slightly mixed. This to us looks like early signs that we could be seeing some bullishness for the AUD and some bearishness for the EUR soon, which is why we want to get on this move before it happens so we can catch a great trade. With all of the confluences that we have both technically and fundamentally we have a bias to the downside which is why we're bearish EURAUD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

Short

Updated

Paramount Communications- Fundamental ➢ Paramount Communications Ltd is engaged in manufacturing of Wires& Cables comprising of power cables, telecom cables, railway cables and specialised cables ➢ Completely in cable manufacturing with good capex investments &3 factories across India. ➢ Product line consists of a complete range ➢ Power: LT & HT Power Cables, LT & HT Aerial Bunch Cables, Control Cables, Instrumentation Cables. ➢ Telecom: Optical Fiber Cable (OFC) & FTTH Jelly Filled Cables, CATV ➢ Railways: Signalling Cables, Railway Power Axle Counter Cables. ➢ Special Products: PTFE & Thermocouple Cables, Quad Cables Fire Survival Cables, Solar Cables. ➢ EPC Services: Telecom Consultancy & EPC, Power & Railway EPC Turnkey Projects, Specialized Projects OPGW. ➢ What is the price to be invested Current Market Price -36.60 Investment Price -35-40. Investment value should not exceed 20,000/- Stoploss Exit Price – 21 Target – 126 ➢ Before investing please understand the risk involved and consult your financial advisor.

Long

by Microcap_Investor

BluetonaFX - Forex Weekly Recap Hi Traders! Forex Weekly Recap for 19–23 June, 2023: Fundamentals This week was a very eventful one, filled with major announcements from central banks and key data releases. Less-hawkish-than-expected meeting minutes from the Bank Of Japan (BOJ) and Reserve Bank of Australia (RBA) weakened both the Australian dollar and Japanese yen throughout the week. The U.K. announced higher-than-expected inflation figures in May, which led to concerns about the UK's economic growth and caused weakness in the British pound. However, there was a small bounce back following an interest rate hike from the Bank Of England (BOE). The US dollar strengthened following hawkish testimony from Federal Reserve Governor Powell. Additionally, Treasury Secretary Yellen said she sees a lower U.S. recession risk and that a consumer slowdown is needed to contain inflation. After a tentative start to the week, the Euro started gaining ground mid-week when the European Central Bank’s (ECB) hawkish bias stood out while markets worried about global growth trends. ECB Executive Board member Schnabel sees prices rising due to corporate profits and higher salaries. Key Data US Initial weekly jobless claims for the week ending June 17: 264K vs. 271K the previous week Germany Producer Prices Index for May: -1.4% m/m (-0.6% m/m forecast; +0.3% m/m previous) The Bank of England confirmed a 50 basis point interest rate hike to 5.00% with a 7-2 vote. The U.K.'s inflation rate remained at 8.7% y/y in May. UK Retail sales slowed down from 0.5% m/m to 0.3% m/m in May (compared to -0.2% m/m expected). RBA meeting minutes showed rate hike arguments were "finely balanced," as members weighed inflation risks, a tight labour market, and rising home prices. The BOJ's meeting minutes showed one member wanting to ensure that their policy "does not fall behind the curve" as wages and inflation accelerate. Technicals AUDUSD 1W Chart The Australian dollar was very bearish this week. The chart shows a bearish engulfing candle, which suggests that the bearish momentum will continue. There is a support level at 0.64583, which is May 2023's low. USDJPY 1W Chart The US dollar is gaining huge momentum against the Japanese yen, which must cause some concern for the Japanese economy. It looks like it is heading for the Apex level at 151.946. This is a level the market has not been at in more than 30 years. Before that level, there is a vector level at 145.902. EURUSD 1W Chart EURUSD reached 1.10000 again after 5 weeks and has now pulled back from the psychological level. The price action on the chart suggests that there may be a triangle pattern forming. There is another resistance level above 1.10000 at 1.10956. GBPUSD 1W Chart After breaking the 13-month resistance level of 1.26670 the previous week, this week traders retested the resistance break of 1.26670, and the market is still trading above the resistance level. If the bullish momentum continues, the next long-term resistance level will be the psychological 1.30000 level. We will be back with another Forex Weekly Recap report next week. Best of luck for the trading week ahead. Trade safely and responsibly. BluetonaFX

Daily Market Analysis - FRIDAY JUNE 23, 2023 Events: UK - Manufacturing PMI USA - FOMC Member Mester Speaks USA - FOMC Member Bostic Speaks USA - FOMC Member Bullard Speaks USA - Services PMI (Jun) During Thursday's trading session, the S&P 500 and the Nasdaq displayed upward movement, propelled by the statements made by US Federal Reserve Chairman Jerome Powell. Powell's hawkish stance indicated that the central bank's tightening cycle was not yet complete, instilling confidence in investors. However, he also emphasized the Fed's commitment to exercising caution in its approach to monetary policy. The Nasdaq, known for its heavy concentration of technology stocks, experienced significant gains. This surge in the index was primarily driven by the momentum stocks of prominent companies like Amazon.com (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), and Microsoft Corp (NASDAQ: MSFT). These tech giants showcased impressive performance, contributing to the overall positive sentiment in the market. On the other hand, the progress of the broader S&P 500 index was more modest compared to the Nasdaq's surge. While still displaying positive movement, the gains in the S&P 500 were not as pronounced as those in the technology-driven Nasdaq. In contrast to the S&P 500 and the Nasdaq, the blue-chip Dow Jones Industrial Average (Dow) remained relatively unchanged. The Dow is composed of large, established companies from various sectors, including industrials and financials. However, during this particular trading session, these sectors had a minimal impact on the index's performance. Overall, the market sentiment on Thursday was largely influenced by Powell's statements, which offered a mixed perspective. While indicating a continued tightening of monetary policy, Powell also reassured investors about the Fed's cautious approach. This combination of factors led to varying degrees of upward movement in different indices, with the Nasdaq taking the lead, followed by the S&P 500, while the Dow remained relatively stable. NASDAQ indice daily chart S&P500 indice daily chart DJI indice daily chart During his appearance before the Senate Banking Committee for the semi-annual monetary policy testimony, US Federal Reserve Chairman Jerome Powell reiterated his stance on the likelihood of further interest rate hikes in the near future. This statement reaffirmed his belief in the need for continued tightening of monetary policy to address potential inflationary pressures and maintain economic stability. Powell's perspective on future rate hikes was echoed by Fed Governor Michelle Bowman during the session. The alignment of views between Powell and Bowman highlights the consensus within the Federal Reserve regarding the potential necessity of raising interest rates as part of their ongoing efforts to carefully manage the country's economic growth. The reaffirmation of this belief in further rate hikes signals the Fed's commitment to a proactive approach in addressing economic conditions and maintaining a balanced monetary policy. By emphasizing the likelihood of future interest rate increases, Powell and Bowman are providing transparency to market participants and indicating their intention to address inflationary pressures and promote sustainable economic expansion. As the Federal Reserve's monetary policy plays a crucial role in shaping financial markets and investor sentiment, the reaffirmation of the potential for rate hikes in the coming months will likely influence market dynamics and investor decision-making. Traders and market participants will closely monitor future statements and actions from the Federal Reserve for further insights into the timing and magnitude of potential interest rate adjustments. US initial jobless claims In the economic landscape, the stability of jobless claims at a 20-month high reflects persistent challenges in the labor market. This indicates ongoing difficulties for job seekers and potential concerns about employment conditions. Additionally, the Conference Board's Leading Economic Index, which tracks various indicators to gauge the future direction of the economy, recorded its 14th consecutive monthly decline. This suggests that the Federal Reserve's efforts to moderate economic growth are starting to have the intended impact of slowing down the overall pace of expansion. Meanwhile, the Bank of England (BoE) has made a decision to accelerate the pace of interest rate hikes during its 13th meeting under its tightening policy. This move has received mixed reactions from different stakeholders in the financial markets. Households, bond investors, stock investors, and foreign exchange (FX) traders have expressed their disapproval of the BoE's decision. This dissent stems from concerns about the potential impact of higher interest rates on borrowing costs, investment returns, and currency valuations. These stakeholders are closely monitoring the consequences of the BoE's actions and adjusting their strategies accordingly. The BoE's decision to hasten the pace of interest rate hikes highlights their focus on managing inflationary pressures and ensuring economic stability. However, the varied reactions from market participants reflect the complexity and potential trade-offs associated with monetary policy decisions. As the effects of the BoE's actions unfold, it will be crucial to monitor the implications for different sectors of the economy and assess how market dynamics and investor sentiment are influenced by these policy moves. UK interest rate Despite the stabilization of the 2-year gilt yield above the 5% threshold, it failed to receive a substantial boost. This can be attributed to concerns among market participants regarding the potential negative consequences of the Bank of England's (BoE) proposed additional interest rate hike of one full percentage point. These concerns mainly revolve around the potential impact on the British economy, particularly in the property market. The anticipation of such a significant rate increase has dampened investor sentiment, leading to a cautious approach. In parallel, the 10-year gilt yield has experienced a decline in response to the prevailing gloomy economic outlook. This decline reflects market expectations of a challenging economic environment and a lack of optimism regarding future growth prospects. The declining yield suggests that investors are seeking safer assets amid uncertainty, resulting in increased demand for long-term government bonds. The possibility of Britain avoiding a recession, let alone a property crisis, appears increasingly unlikely in light of these developments. The market sentiment is shaped by concerns about the potential adverse effects of higher interest rates on the property market, which is a key sector of the British economy. This sentiment is further fueled by the prevailing economic uncertainties, both domestically and globally. Turning to the FTSE 100, the index has approached the 7500 level. However, trend and momentum indicators are displaying negative signals, indicating a bearish sentiment in the market. Additionally, the index is nearing oversold conditions, suggesting that it may be due for a potential rebound or period of consolidation. FTSE 100 daily chart The performance of large British companies has been negatively impacted by falling energy and commodity prices, influenced by a relatively weak reopening in China. This year, these factors have contributed to bearish pressure on the companies, and the situation has been further intensified by rising interest rates. Until there is a rebound in global energy prices, which is yet to materialize, the outlook for the FTSE 100 remains neutral to negative. The market will closely monitor any developments that could potentially improve the prospects for energy prices and subsequently impact the performance of the index. Interestingly, in response to the 50 basis point interest rate hike, the pound depreciated instead of appreciating, contrary to the typical expectation. This reaction reflects the sentiment of the market, which believes that the challenges and uncertainties facing Britain outweigh the potential positive effects that higher interest rates could generate. The prevailing concerns and uncertainties surrounding the British economy have outweighed the impact of the rate hike, leading to a depreciation of the pound. Turning to the gold market, prices experienced a slight decline on Friday, signaling a potentially challenging week and heading towards their worst performance since January. This decline can be attributed to the significant rate hike by the Bank of England, coupled with hawkish signals from the Federal Reserve. These developments have raised concerns among investors about the prospect of tighter monetary conditions. Market participants will closely monitor any further signals and actions from central banks, as they have a significant influence on gold prices. XAU/USD daily chart Gold prices have reached a three-month low, breaking out of a narrow trading range observed over the past month, but unfortunately in a downward direction. This decline in gold prices indicates a shift in market sentiment and a potential weakening of demand for the precious metal. Looking ahead to Friday's session, investors will closely monitor the release of preliminary manufacturing and services Purchasing Managers' Index (PMI) data. These indicators provide valuable insights into the health and performance of these sectors, serving as important economic barometers. The PMI data can influence market sentiment and investor confidence, as it offers a glimpse into the overall economic activity and potential growth prospects. In addition to the PMI data, market participants will also pay attention to speeches from several members of the Federal Open Market Committee (FOMC), including Bullard, Bostic, and Mester. These speeches have the potential to shed further light on the monetary policy outlook and provide clarity on the Fed's stance and future actions. The comments made by FOMC members can significantly impact market expectations, especially regarding interest rates and overall monetary policy direction. Overall, Friday's session is expected to be influenced by the release of PMI data and the speeches from FOMC members. These events will shape market sentiment and provide crucial insights into the current economic conditions and the potential future trajectory of monetary policy. Investors will closely analyze these developments to make informed decisions and position themselves accordingly in the market.

USDJPY I The next opportunity to consider to get a GOOD DEAL💰Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!

Long

03:08

by BKTradingAcademy

🐂📈 Seizing the Double Bottom: GBPUSD Bulls Ready to Charge! Our journey begins with the formation of a double bottom pattern, a powerful reversal pattern signaling a shift in market sentiment. Now, as price prepares to break the neckline, a prime opportunity arises to enter a long position with a tight stop loss. Keep a close watch for inside bar breakouts, where candlestick patterns offer a clear entry signal. Adding strength to this setup, the exponential moving averages (EMAs) are acting as solid support levels, with a potential crossover imminent. This convergence of technical indicators reinforces the security of our bullish thesis. But that's not all! Yesterday's bullish news on Sterling has further strengthened the probability of a bullish scenario. The release of the Purchasing Managers' Index (PMI) revealed positive figures, indicating a robust economic performance for the UK. This positive development adds to the fundamental support for a potential rally in GBPUSD. Profit targets are a crucial aspect of any successful trade. In this case, I suggest taking partial profits when price reaches the neckline, located at 1.24500. This level holds significance and may introduce some resistance. However, our ultimate target aligns with the completion of a harmonic bat pattern, specifically point D, projected to be around 1.25200. Harmonic patterns offer valuable insights into potential price movements, enhancing the probability of a successful trade. Keeping an eye on the broader picture, the Relative Strength Index (RSI) further bolsters our bullish stance. Breaking above the 50 level and sustaining around this zone, the RSI indicates a continuation of the rally, supporting the case for an upward move. So, join the bullish ride and seize this exciting opportunity on GBPUSD! Dont forget to press the like button if you think this insight was helpful 🐂📈💪

Long

Updated

Shorting Bitcoin I'm shorting Bitcoin because Bitcoin's price increased rapidly after 2020's low US Interest rate . Then, it started falling in 2022 when the rate started to increase. The rate will go higher and stay there for some time. On the technical side, volatility is low on the daily chart. This means the trading activity is low and will increase. I expect some big candles and momentum in the market soon(daily chart). My first price target is $12800 .

Short

$HOOD - A New Generation, A New Bull Market State of the Stock Robinhood’s time in the stock market has been an arduous one and not one without controversy. The stock went public in a hotly anticipated IPO at about $36.41 on July 29th, 2021. It saw tremendous interest in the first week of trading reaching an overly lofty value at ~$85 a share before starting to sell off. This sell off has relentlessly continued and in many places, you will find negative commentary on the stock. I personally believe that the stock’s price action bottomed on June 17th, 2022 at about $6.84 a share. Since then the stock has been slowly plodding along and striking higher lows, which I will illustrate later in the charting. I also believe that the stock’s story is close to turning around and could get more positive attention in the later half of this year. I am going to talk about the balance sheet, cost cutting, charts, and the controversy. I will be limiting my comments on the balance sheet to lines that I believe deserve notice. For this post, I will be comparing Robinhood to their old school rival, Charles Schwab. The Balance Sheet (See Robinhood's Financials) Overall, I read Robinhood’s balance sheet as being quite strong. Particularly in the amount of cash and sort term investments that the company is carrying. At 5.46 Billion in cash and 1.52 Billion in short term investments the company can cover operating expenses (excl. COGS) for about 3.5 years. The company has also shared that the short term investments are in <1 year term treasuries. Which is quite a good decision given the current rates. I only wish they had purchased a little more than 500 million or so. As of this writing (6-11-23), Robinhood carries a market cap of ~$8.5 billion as well. Their cash position is nearly the size of their entire equity. In comparison, SCHW (Charles Schwab) has about $75 billion in cash and a market cap of 100 Billion. I believe that the market is underestimating how Robinhood can deploy that cash. Lastly, Robinhood is very close (9.41 market) to their book value per share (7.83). In comparison, SCHW has a book value per share of 15.36 and is trading at 55.0 in the market. I believe this illustrates that Robinhood is quite cheap, even after the June ’22 bounce when it was cheaper than the book. (See Robinhood's Financials) Next, the cashflow at Robinhood is quite good and turned positive in Q4’22. Whereas their rivals are experiencing negative free cash flow during this same period. Robinhood, on a relative basis for this metric, looks to be outperforming during the banking crisis. During their earnings calls they have also reported a net increase in deposits as well as assets under custody (AUC) increasing by an impressive 26% due to the run on stocks in 2023. What I find most interesting about this is that customer cash in Robinhood has steadily grown to $11 billion from $2 billion at IPO. It has been on an impressive path of growth. I believe this is the result of their strong “Brokerage Cash Sweep” program and the rates they’ve been able to offer. They have been able to effectively remove the friction between treasury yield and their customers. This also creates a beneficial situation where their clients can deploy capital quickly, while maintaining some yield from their cash. Effectively, creating productive reserves for their customers who can choose to deploy it at any moment right on their app. (See Robinhood's Financials) Lastly, the company itself is quite close to profitability. The next 4 quarters are projected by broader WallStreet to come in at an EPS of about -0.01 to -0.03. Any positive change in their costs or earnings could lead to a surprise profit. Such as cash from treasury yield, cost cutting measures, new products, or increased business. The company itself continues to stress, that they are becoming leaner as time goes on. I believe that to be true. Cutting Costs – The Layoffs In 2022, Robinhood performed several rounds of lay offs. This allowed them to cut Q2 ’22 and Q3 ’22 operating expenses significantly (excl. COGS). This does not appear to have impacted their revenue growth and has given them the added benefit of being ‘right sized’. And to the best of my knowledge, no further lay offs are currently on the table. In fact, their revenue is now higher than it has ever been since IPO at $447 million and is pushing them ever closer to profitability. “Robinhood Is Laying Off 9% of Its Full-Time Employees” – Wall Street Journal, Apr. 29, 2022 www.wsj.com “Robinhood Lays Off 23% of Staff as Retail Investors Fade From Platform” – Wall Street Journal, Aug. 2, 2022 www.wsj.com 2023 Road Map – 4 Catalysts Now that we’ve talked about cost cutting, let’s take a look at the road map and see if there are opportunities for fundamental growth. I will list out 4 that I believe can have a positive impact on their business. Options Trading in Cash Accounts Margin Outside Gold Futures Trading UK Market Expansion Lets tackle the first two on the list. Options Trading in Cash Accounts should continue to grow their existing business. This should increase their revenue generated per user as more current customers have access to more products. Options trading is particularly popular among Robinhood’s customer demographic. Margin Outside Gold I find personally controversial. I personally don’t believe in using margin. Regardless, it should also increase their revenue generated per user. While both of these are improvements that could turn the company profitable for EPS. They are not as major as the next two items. Futures trading would open an entire new market for the Robinhood user. I believe it is an incredibley potent catalyst for their user base and will allow their customers to trade more often and in new ways. Robinhood advancing offerings for active traders In March, we applied for a Futures Commission Merchant license and, if approved on a typical timeline, we expect to launch futures trading by the end of 2023. s28.q4cdn.com UK Market Expansion should allow them to acquire a significant number of new users. Robinhood continues to explore growth opportunities, expands access globally With an experienced team leading and an existing license in place, we believe we’re on track for our ambitious goal of launching brokerage services in the UK by the end of the year. s28.q4cdn.com To summarize, I believe expanding into a new country, the UK, and providing futures trading to their existing customers they expand their business significantly over time. Lets take a look now at the charts and see what we can find in the price action. Charting A Path The first thing of note on Robinhood’s stock chart is that a series of higher lows have been put in. The price action, for the first time since IPO, is showing an increasing pattern in the price. I believe the stock has a classic Falling Wedge which I interpret as bullish. I believe the wedge has formed because of the positive developments in the balance sheet, cost cutting, and the future outlook. Examining the MACD on the 1D time scale we also see higher lows put in as well as an MACD crossover onto the positive scale. Overall, I read the charts as having increasingly positive momentum. I also believe that momentum is growing, albeit slowly. Lastly, on the 2D time scale my favorite indicator, DMI, shows the bulls having taken control on ~May 24 2023. I don’t think it’s any coincidence that was the low after the most recent earnings report. I believe the majority of the bears have left the stock as evident by their strength at ~11.5. We also have seen the natural termination of the ADX which implies, to me, that the previous trading trend for the stock has come to an end. A new trend does appear to be forming. It could fizzle out, but that’s up to Robinhood’s management. I believe all of the necessary setups are currently there for them to succeed as both a company and a stock. Closing Thoughts & Possible Risks The Demographic & The Controversy By discussing Robinhood here, I feel that I must mention reddit’s r/wallstreetbets. The community there has a significant impact I believe on Robinhood’s success or failure. The community has a significant following and many of their members use the app. I believe they are an opportunity for Robinhood as well as a possible risk. The 14 million members are potential customers for the Futures trading introduction as well as the increased margin offerings. However, the community has aligned itself with being against the Robinhood app and have been in a ‘boycott’ of the app since the GME trading saga of early 2021. While the community is very vocal on the matter, many of the posts continue to show use of the Robinhood app. At a minimum, it remains controversial, but still in use. This has led me to believe that most of the drama has faded and because of the high quality product Robinhood offers, has started to draw users back to the app. I believe this is well illustrated in their MAU and NFA graphs. There’s a unique opportunity here for them to either win back this community or lose them forever. This could also be related to the flurry of trading activity seen in stocks related to AI in the past few months. Heavy Insider Selling An additional risk is that the insiders, specifically Tenev Vladimir, CEO & Bhatt Baiju, Chief Creative Officer, continue to sell large numbers of shares. This is creating an immense downward pressure on the stock price. If this pattern continues, it could contribute negatively to the stocks performance. However, I believe that’s a non-issue if the company becomes profitable. I hope that we are approaching the end of the insider selling. Crypto & SEC Action Additionally, due to recent events, Robinhood has pulled 3 of their crypto offerings. I believe this is another mixed risk. While they will take a revenue hit by delisting those tokens, they may end up gaining users if customers of Coinbase or Binance decide to take their business elsewhere. It could end up being beneficial to Robinhood, but there’s no way of knowing at this time. At the time of this writing there has been no report that I can find of Robinhood receiving a notice on the matters affecting Binance and Coinbase. Robinhood instead chose to remove the 3 affected securities voluntarily. I believe this is the responsible thing to do and well advised. By taking pre-emptive action they are protecting their business from getting entangled in the matter and remaining compliant with the SEC. This is a value the company has stated a number of times during their earnings calls. I believe their actions demonstrate that value and is representative of good governance from the company leadership. That said, the SEC could still take action against the company if they choose to do so. Therefore, it still carries some risk and must be considered. Macro & Last Thoughts So, here we are. It’s June 11th, 2023. Costs are significantly reduced and being controlled, notable Roadmap 2023 objectives are close, plans for new markets and offerings are approaching, and revenue continues to grow. The company is just a few pennies away on EPS from breaking even or potentially turning a profit. There is also significant distance from the drama surrounding GameStop, Robinhood, and WallStreetBets. The charts are showing higher lows being put in place. More positive momentum looks to be coming into the stock via the MACD. Additionally, the bulls appear to have taken control via the DMI on ~May 24th, 2023. I believe this is a case where a significant breakout could occur. It remains to be seen if it will, but I believe there is a potential trade here to the upside. It is not without downside risk though and that must be taken into consideration. Current thinking in the market is that we may be entering a new bull market based off of recent SP500 closing levels. However, the macroeconomic picture still remains unclear. Particularly in regards to inflation, interest rates, and consumer spending. If it is a new bull market, Robinhood may benefit from increased trading activity, but if the macroeconomic picture deteriorates it could degrade Robinhood’s business and affect the stock. Either way, I personally believe the stock is in an interesting position within the market. Trade carefully, trade wisely. ~Kryptonite As always, please consult the appropriate professionals for any financial decisions. I am not a professional. I am an amateur hobbyist. These are my own personal opinions that I’ve expressed regarding the market and the companies mentioned above. I am not responsible for any decision, trade, or investment you may make. You should assume that as of the publication date of any report, post, or communication referencing any publicly traded security or asset that Kryptonite Research (myself) may have a position in the security or asset and I might stand to realize significant gains if the price of the stock moves. Following publication of any report, post, or communication, I intend to continue transacting in the securities covered therein, and Kryptonite Research (myself) may be long, short, or even neutral at any time thereafter regardless of Kryptonite Research’s (myself) initial position. I reserve the right to alter my position at any time without notice. Images are sourced from the TradingView app, Adobe Stock photos, and Robinhood’s Investor Relations. I do not claim ownership. As an additional disclaimer, at the time of this writing I am a Robinhood customer and holding a position in Robinhood’s stock.

Long

by kryptoniteresearch

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