$ORCA +#1 DEX on Solana in terms of efficiency and security
Wave 4 appears complete at .5 retracement $2.17 estimated ($2.12 actual)
Wave 5 Targets:
1.0 $10.47
1.618 $15.62
2.618 $23.95
Growth
NotcoinLook at that powerful trend line.
MACD also shows a good situation.
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But if we look at the news, It may take a week for the price to increase.
Not too far Not too late.
TLRY and its peers jump on high federal news catalyst LONGTLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the
reclassification of marijuana. No much to the analysis = these will have momentum until it
fades. I suspect good continuation plays here until mid -day on Friday when profit taking
and sell-offs will dominate. Short sellers will take positions at the tops as well. In the
meanwhile long trades are the low lying fruit.. The risk is a bit lessens by the surge from
the news. Others include SNDL, OGI , ACB and the ETF MJ for those who like to spread risk
across a basket of stocks. For the time being these stocks will be truly buzzed but do not be
late. Stay home if you are.
$LNTH From wild to tamed period NASDAQ:LNTH has been exhibiting tame behaviour now that the uncertain period during down trend has caused unnerving traders to buy and sell. It has reversed with strong earnings recently and now is on the uptrend forming the 2nd #Goldencross. I am selling my house so to speak to go all in. LOL.
(BRK.B) berkshire hathaway_newThe orange line is a same price % scale of BTC overlayed on top of BRK.B. The long term success of BRK.B is harder done than said. The volatility of Bitcoin is hellish compared to so many years of BRK.B succeeding including stock splits to keep the price down. If marginal shares were available to all people where a person could invest any amount of money they wished into the stock market perhaps more people would have become interested in stock trading before cryptocurrency succeeded. Cryptocurrency affords anyone to invest for any amount of money on any trade of cryptocurrency regardless of the price per share cost, unlike stock market. I know that marginal shares became a thing on Robinhood a couple years back. I am unaware of the progressive push by Robinhood and how their work influences other stock trading companies to improve their business model to appeal to a younger audience. Ironically, there is no way to put "BRK.B" into a tag. There is an understatement of percentage earned here as seen on the BRK.B chart because it doesn't account for all the stock splits over the years. One would have to create a modified chart to have a way to compare stocks that split versus cryptocurrency that does not, kind of like the, 'adjust for inflation' thing people always say and do.
2MO TF LONG UPPER SHADOW; POSSIBLE BLOOD BATH Red arrow show BEARS HAVE CONTROL but current candlestick reads SPINNING TOP WHITE (BULLISH) but it can reject. The LUS BEARISH candle reads BLOOD BATH but shows rejection.
We must be careful when trading in this 2MO TF.
But relax; we are still in a BULL MARKET. 2MO just proves we will have plenty of BULL and BEAR TRAPS with some scary dips.
Ashapura Minechem Ltd: Poised for Growth?Ashapura Minechem Ltd has shown a remarkable progression in its quarterly sales figures, escalating from INR 350 crores in December 202 to an impressive INR 713 crores in December 2023. This consistent upward trajectory is indicative of robust sales growth, a positive sign for potential investors.
Despite facing challenges, as evidenced by the volatile operating profit margins (OPM) which even dipped into the negative territory in December 2021, the company has managed to rebound effectively. The resilience is portrayed through the OPM climbing back to 8% by December 2023.
When we scrutinize the Profit & Loss statements over the years, it's apparent that sales have more than doubled from March 2021 to the trailing twelve months (TTM) ending in March 2024. This phenomenal growth is underpinned by a substantial increase in net profit, escalating from INR 87 crores in March 2021 to INR 254 crores in TTM March 2024.
Furthermore, the company has displayed commendable liquidity management, with its net cash flow from operating activities shifting from negative to a positive INR 47 crores in March 2023. Also, the increase in reserves from INR -364 crores in March 2012 to a robust INR 785 crores by September 2023 signals strengthened internal financial health.
The cash conversion cycle and the debt management need to be monitored closely. Nonetheless, a decline in debtor days from March 2021 to March 2023 and a steady ROCE % around 16% by March 2023 affirm efficient operations and profitability on capital employed.
Moreover, the shareholding pattern brings confidence, as increasing promoter stakes signal strong conviction in the company’s future prospects, escalating marginally to 45.39% by March 2024.
Taking our analysis to the technical realm, the current market price of INR 341 near the resistance line of the six-month linear regression channel might suggest a potential price consolidation or retracement.
However, here's why a long position holds promise:
Sales Growth: The company’s sales figures are showing strong momentum which can potentially translate into increased earnings in the coming quarters.
Profitability Increase: The Net Profit and EPS are exhibiting growth, which could lead to upward price movements as the market reassesses the company's valuation.
Robust Reserves: The steady increase in reserves is an indicator of the firm's improving net worth and financial robustness.
Promoter's Faith: The incremental increase in promoters' shareholding suggests a bullish sentiment from those with intimate knowledge of the company.
Given this information, if the price breaks through the resistance, it could be an indicator of strength, backing up the fundamental analysis and providing a solid entry point for a long position.
For investors considering the long game, the conjunction of promising fundamentals and positive technical setups could suggest that Ashapura Minechem Ltd is gearing up for a potent market move. However, this must be balanced with diligence and an understanding of risk, especially given the volatility in operating margins and the reliance on continuous market momentum.
In conclusion , Ashapura Minechem Ltd's ascendancy in financial metrics coupled with a reassuring increase in promoter holding and robust sales growth creates a compelling narrative for investors to consider a long position. The technical analysis, while currently at resistance, will serve as a crucial determinant in timing market entry. The key is to watch for a breakout which would signal undoubted strength and propel the stock into a new bullish phase.
Disclaimer: The above analysis is based on historical and current financial data. I recommend investors perform their due diligence and consult a financial advisor before making any investment decisions.
ANET - Breaking out of Prior ResistanceArista Network has been a star.
I was unable to get in after earnings but got in today.
Earnings came in super strong and they also did share buyback recently. There was broad based growth in cloud, AI and enterprise business.
Today, the break out of 306 came in with decent volume.
My stop is below 300 and I personally believe this stock can do 2x from earnings.
We are looking at around 520-540 for my initial target.
Goodluck!
USDCAD: DXY strong bull run will continue to dominateDear Traders,
DXY strong bull run continue to dominate all the USD pairs, and it will likely to dominate the market in future. Because recent significant economic data came out in favour of DXY with great margin. We personally also think that price is likely to rebound strongly from our entry zone.
Price had accumulated for weeks in a pennant channel and broke out strongly, second confirmation is that price did restest the area after it broke out the channel. Third confirmation is price movement in 4h and 8h timeframe shows strong bullish volume invovement.
Like and comment what do you think of USDCAD.
DCA on STXDCA on STACKS STX
We will have to be patient but I am convinced that in the long term it has potential.
Gold Analyse for today Bullish Factors for Gold: ( HIGH JOBLESS CLAIMS Folders ) Negative for dollar news
Decreasing Treasury Yields: If there's deflationary data leading to decreasing Treasury yields, investors may flock to gold as a safe-haven asset amidst economic uncertainty
Increasing Unemployment: Rising unemployment signals a cooling or contracting economy, prompting investors to seek refuge in gold as a hedge against market volatility
When Lower Jobless Claims Occur:
Bearish Factors for Gold:( Lower JOBLESS CLAIMS Folders ) Positive for dollar news
High Treasury Yields: If there's inflationary data leading to high Treasury yields, investors may favor other investments over gold, reducing its attractiveness
Low Unemployment: Low unemployment suggests an overheating economy, prompting investors to move away from safe-haven assets like gold in favor of riskier investments
Off Beat Adjusted Audited Intrinsic Value @ FYE 2023Off Beat Adjusted Audited Intrinsic Value
(logically derived MagicFormula Merits Scores Adjusted Audited ROIC methodology @ka PEROIC 1 methodology)
@ FYE 2023 Audited Financial Report
= 100×(18,345+115−1,898−5−4−90)÷(57,412+115−1,898−5−4−90+388+119+408+107)×(18,345+115−1,898−5−4−90)÷363,229
= RM 1.319
Ditch These ALTCOINS that are UNDER PERFORMING💀Some altcoins have stayed behind during the most recent BTC surge. These include :
👎 DOT
👎 XRP
👎 ADA
👎 UNI
👎 HBAR
👎 CRV
👎 ALGO
Overlay any of these with the BTC chart, and you get something similar to this.
Now compare it to the PREVIOUS BTC all time high.
I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins that can be tradable and profitable in fairly short periods of time. Holding on to an alt that doesn't move for months (only to increase 15%) is a bad strategy.
It would have been more profitable to take the loss and trade another coin with 50%+ increase, such as ETH, SOL, DOGE, NEAR etc. to name a few examples.
Ditch them and focus instead on coins with more volatility - You can't be holding through an entire new BTC high and the alt has barely broken out of accumulation - this simply won't do, because there are many other trading opportunities where you can make bigger gains and better profits just because they actually move.
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BINANCE:BTCUSDT BINANCE:XRPUSDT BINANCE:ADAUSDT BINANCE:DOTUSDT BINANCE:CRVUSDT
PDD Target $255PDD Holdings have a Cup and Handle formation.
EPS and Revenue growing nicely.
Expecting it to make new highs in coming quarters.
Target $255.
DYDX - Lost Case? Time to JUMP SHIP?👎🤔DYDX-USDT🤔
We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.
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BINANCE:DYDXUSDT
ADA - Time For Concern?🤔❕ADA vs BTC ❕
ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed.
Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio.
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BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC
DCB Bank - heading towards 260 - positive signs all overDCB Bank has given positive signal on our proprietary fundamental + technical indicator.
It could double from current levels of 130-135 to 260-270 within 12 months.
Take CAUTION with these ALTS : ALGO, LTC, XRP, HBARIt's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength.
Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today:
What we're comparing this chart to, is the obvious increase we have seen on BTC (new ATH) and the following increases across other altcoin markets:
During the previous cycles; we often saw the altcoin market rally a week or two AFTER a new BTC peak.
From this, we can determine that most of the bigger altcoins (by market cap) should have rallied by now. In conclusion; we need to re-evaluate the fundamental arguments for these alts - why were they not able to show signs of strength like other alts? Why were the sellers so overwhelming compared to other alts?
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👍Hit like & Follow 👍
CryptoCheck
BINANCE:ALGOUSDT COINBASE:BTCUSD BINANCE:XRPUSDT BINANCE:LTCUSD.P BINANCE:UNIUSDT BYBIT:HBARUSDT
Discover is Getting Bought By Capital OneCapital One made it seem like they were "partnering or buying" Discover but in reality, Capital One is bailing them out and trying to save them.
Discovering is going to fail unless capital one cleans up the debt and books, every person I know who had credit card debt has one of there cards hahahahaha.
We may see some misleading news that will make it pump short term but overall, put swings going into the summer 90+ days out doesn't seem like to bad of a move.
We can ALREADY SEE UNEMPLOYMENT RISING, WHAT HAPPENS WHEN AMERICANS CAN PAY THERE BILLS?!?!?!
Bullish outlook, but potentional correction first!Fundamentals:
Overall the quarter result was slightly better then expected. The high gold price will also lead to higher incomes in the coming quarters.
Technical:
In the short term it is possible that the support zone at 1,59 CAD will be tested, before going to the resistance lvl at 2,58 CAD.
AAPL has IndoChina headwinds SHORTAAPL is here on a 120-minute chart in what appears to be a falling wedge pattern.
As volatility gets compressed further it could break down or break out with a bais for
the latter. I believe that the rise of generic phones in China and Inda with comparable
cameras and other functionality has impacted AAPL as had the rising prices of its
flagship products. Time will tell how this plays out. In the meanwhile, I will consider that
AAPL stays in its wedge and play the top trendline with a short and go long from the
bottom. At present , with price at the upper resistance trendline, I will add to my short
position. I see AAPL staying underneath the 0.5 Fib retracement level of the uptrend for
the time being.
Ksolves India Ltd: A Software Solutions Powerhouse GrowthIntroduction:
Ksolves India Ltd, a software development and IT solutions provider, has emerged as a promising player in the technology landscape. With a diverse range of services, strategic partnerships, and a growing client base, the company has demonstrated its ability to cater to the evolving needs of businesses across various sectors. As a stock market wizard with expertise in both technical and fundamental analysis, let's dive deep into the key aspects of Ksolves India Ltd and explore its investment potential. Fundamental Analysis:
Business Overview:
Ksolves India Ltd, incorporated in 2014, is engaged in software development, enterprise solutions, consulting, and providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom, and Healthcare. The company is known for its expertise in Big Data, Data Science, Salesforce, DevOps, Java & Microservices, OpenShift, and Penetration Testing, among other technologies.
Revenue Breakdown:
Ksolves' revenue is primarily driven by its software services, which account for 97% of its total revenue. The remaining 3% comes from products and customization. Geographically, the company's largest market is North America, contributing 66% of its revenue, followed by India (23%), Europe (7%), and the Rest of the World (4%).
Clientele and Partnerships:
Ksolves' client base is widely diversified, with over 40 IT services clients across 25+ countries. The company's top 5 clients contribute 33% to its revenue. Ksolves has also forged strategic partnerships with industry leaders such as Salesforce, Adobe, Odoo, and Drupal Association, further strengthening its service offerings and market presence.
Financial Performance:
Ksolves has demonstrated consistent growth in its financial performance. Over the past few years, the company has witnessed a steady increase in its sales, operating profit, and net profit. The operating profit margin (OPM) has remained in the range of 40-45%, indicating efficient operations and cost management.
Technical Analysis:
Fibonacci Retracement:
The Fibonacci retracement drawn connecting the low of Rs. 811 (11-month depth) to the high of Rs. 1,470 shows that the current market price has broken above the 0.5 Fibonacci level, indicating the potential for further upside movement.
Trend Analysis:
The overall trend for Ksolves India Ltd appears to be bullish, with the stock price consistently making higher highs and higher lows. This suggests a strong positive momentum in the stock, which could continue in the near future.
Investment Thesis:
Growth Potential:
Ksolves India Ltd's diversified service offerings, strategic partnerships, and growing client base position the company well to capitalize on the increasing demand for IT solutions across various industries. The company's focus on emerging technologies like Big Data, AI, and Machine Learning further enhances its growth prospects.
Geographical Expansion:
The company's strong presence in North America, coupled with its plans to expand in other regions like Europe and the Rest of the World, presents opportunities for Ksolves to diversify its revenue streams and tap into new markets.
Margin Stability:
Ksolves' consistent operating profit margins, ranging between 40-45%, demonstrate the company's ability to maintain profitability and operational efficiency, which is a positive sign for investors.
Technical Outlook:
The Fibonacci retracement analysis and the overall bullish trend in the stock price suggest that Ksolves India Ltd may continue to see upward momentum in the near to medium term, making it an attractive investment opportunity.
Conclusion:
Ksolves India Ltd, with its comprehensive software solutions, strategic partnerships, and strong financial performance, appears to be a promising investment opportunity. The company's growth potential, geographical expansion plans, and stable margins, combined with the positive technical outlook, make it a stock worth considering for investors seeking exposure to the thriving IT services sector. As a stock market wizard, I believe Ksolves India Ltd is well-positioned to capitalize on the industry's growth and deliver value to its shareholders.
REAL - Updated analysis as we continue to build liquidityStocks > $5 are extra risky so proceed with caution.
Now I love this company for many fundamental reasons in addition to the obvious technical analysis that I've been showing you all.
This is a longer term hold forsure but I am looking at the bottom of this blue tapered selling channel as a bounce area and an opportunity to add to my existing swing position. Would be best if we can prove green tapering asap for a break out of this magenta selling channel.
Happy Trading :)
- TraderDaddyOG
