#SRM_Contractors All time high breakoutTechnical Analysis -
Resistance of Rs.240 is broken with huge volumes, potential to very high return in 1-2 years.
Fundamental Analysis -
Company is an Infrastructure player majorly works in Jammu & Kashmir region. Main clientele of this company is mainly Govt. companies like Border Road Organization, Indian Railway, National Highways Authority of India, etc.
Recently won 3 orders of new projects combined worth 568.25 Cr. Making their orderbook of 1248.25 Cr (guesstimate it can be more)
Hugeupside
XAU - Are we about to break a 4-year resistance point?! Next stop could potentially be.. the moon?
Not sure if it's beginners luck or I have the magic touch - but are we about to see the first breakout of this blue horizontal channel going back to 2020?! This is my first time analyzing and really even looking at a chart of Gold and I'm psyched! I'd be honored to be a part of this breakout.
Special shout out to our friend Mohibullahstudent who, during my live stream today, persistently requested I cover Gold and though I was busy trading equities in a fast paced market, I did "promise" him I would do an analysis of Gold later on.. so this one's for you!
Now that I'm officially a "gold trader" I will continue to analyze this PA as it develops and especially if are able to break out of our teal controlled selling and retest the upper channel to continue to shake out sellers for the all important breakout.
Thanks to everyone who joined the live stream today, we had a lot of fun, and hope to see you all again tomorrow at 9:30 AM for another live stream where we will be trading and analyzing charts together.
Happy Trading :)
Agnc Investment Corp Price Prediction! To The Upside Here We Go!• Price Created The Bullish Continuation Pattern (Falling Wedge) Starting 2nd February 2023 Till 25th May 2023.
• While Creating This Pattern, The Price Reacted & Bounced Back From 0.786 Fibonacci Level 26th May 2023 Suggesting The Retracement Been Completed.
• 30th May 2023 The Price Broke The Falling Wedge Trendline Followed By Minor Correction On 1st June 2023.
• I Prefer To Enter It On 1st June 2023 Opening & Since Then Price Move Upwards & Reached Its Peak On 27th June 2023 Simultaneously Completed The Double Top Pattern Signalling/Hints A Potential Reversal To The Downwards. I Sees It As A Minor Correction Before The Price Goes Higher
• During The Downwards Movement, Price Reacted & Bounced Back From 0.618 Fibonacci Level. If You Entered On 6th July During The Retracement, Potential Gain Of 9.32% @ Usd 0.88 Been Achieved
• Now The Price Is Testing The Previous Double Top Pattern & Successfully Breaks It Only By A Shadow On 13th July 2023.
• Nevertheless, The Downside Risks Always Exists. Always Trade With A Proper Risk Management & Stop-Loss Intact.
Trading Strategy:
Entry At Usd 9.17 (1st June 2023 Opening Price)
Take Profit Price:
-Tp 1 : Usd 10.86 @ 18.54 % Of Potential Profit/Return
-Tp 2 : Usd 12.22 @ 33.26% Of Potential Profit/Return
Cut-Loss : Usd 8.57 @ 6.54 % Of Potential Losses
Entry At Usd (7th July 2023 Opening Price)
Take Profit Price:
-Tp 1: Usd 10.86 @ 15.01 % Of Potential Profit
-Tp 2: Usd 12.22 @ 29.18 % Of Potential Profit
Cut-Loss : Usd 9.05 @ 4.33% Of Potential Profit
-]Always Trade With Your Stop-Loss Intact!
-Trade At Your Own Risk (T.A.Y.O.R.)
Lets Continue To Monitor The Price Movements Together & Share Your Thought Below!
TNXP to $4 by EOY?First post on TradingView.
I have been watching TNXP for about two months now, amazing pipeline, disappointing history, confusing CEO, and way undervalued.
This is my take on the upcoming several months; it could go up a lot sooner, but this is the general trend that you'll see as we move. $4/share by EOY is a conservative estimate, but do your own DD.
Vechain (VET) to .30+ by end of November Refer to the descending resistance on both price action and RSI. Possible hidden divergence setup. .14 and .16 resistance levels and breaking them would actually flip our RSI and movement trend back bullish. I think BTC consolidates next 2 weeks and alts gain dominance. .31 PT for VET by end of November.
BUY/USDT HODL ONTO YOUR DREAMBUY/USDT could be ready for one of the biggest reversals in the crypto alt-coin market. The time frame plays out to end of year to Q1 2022. This chart is strictly based on the RSI now trending up after being so far oversold in the weekly that by end of year we could potentially see an overbought. In 1day chart the 50ema is soon to cross the 200ema for a golden cross. This hold is a dream, will it come true?
BTC/USDT BREAKOUT Bitcoin to USDT is now in a breakout in the 1D time frame. We need the daily candle to close above the resistance line (Pink Trendline) to be able to confirm this breakout. If confirmed we can see further push into the Bull Territory marked zone and on its way to 53k soon and possibly 55-60K within this month(October). There can still be a retest of the newly formed support(Pink Trendline) but so long as we remain above the resistance line (Pink Trendline), we are considered bullish as long as confirmed. This will allow the rest of the market to follow and push very heavily. Next upcoming chart will be BTC Dominance.
Huge potential with very low market capThis project has huge potential. The current market cap is only 5m and it's not even listed on CMC or big exchanges.
HUGEFSD Pharma Inc (NASDAQ:HUGE) As you can see in the daily technical chart above, it looks like the stock is ready to continue its recent run higher. The bottom is rounding and technical indicators are beginning to turn positive again. Breakout watch over 2.09
HUGEI think it's fair to say at this stage FSD Pharma Inc (NASDAQ:HUGE) is way undervalued and that the selling has gone far beyond reason. I think a $1.80 break would be very bullish for this stock for a quick run to 2.40
16K Dollar Fib Target 3200% gainBCH is now since the last bull cycle in a bearish market. BTC, ETH and Co. got out of it and hit almost there Fib levels. Altseason hasn't even started yet!
We can expect a massive upwards trend after this correction in those Alt's which are still very low like BCH or ZCASH.
I can see a 16K Dollar BCH in this altseason that would be a gain of 3200%!
Buy the dip, sell high ;D
I wish y'all good luck!
:D
I'm buying this before it moonsI've been following this stock and doing dollar cost average over few months. This company has hedged its barrels for 2020 and 2021 at $58.00 and $55.00. Some analysts say that fair market value is $31.60.
I'm the only one seeing this? I predict a major correction for NOG, right after the reverse stock split its share will surge. Fundamental analysis looks very solid and know price is on historical lows. Time to keep buying until stock reaches its fair value, currently overweight ( under market value).
This is only my opinion, invest at your own risk.
$OLLI Long over 105 Multi-year break out!Ollie’s Bargain Outlet Holdings, Inc. Provides Second Quarter Outlook
Ollie's Bargain Outlet Holdings Inc :
• OLLIE’S BARGAIN OUTLET HOLDINGS, INC. PROVIDES SECOND QUARTER OUTLOOK
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS TOTAL NET SALES OF ABOUT $515 MILLION
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS COMPARABLE STORE SALES GROWTH OF ABOUT 40%
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS GROSS MARGIN OF APPROXIMATELY 39%
Ollie's Bargain Outlet sees Q2 revs above consensus
Co issues upside guidance for Q2 (Jul), sees Q2 (Jul) revs of ~$515 mln vs. $388.35 mln S&P Capital IQ Consensus.
Other Q2 Guidance:
Comparable store sales growth of approximately 40%;
Gross margin of approximately 39%, returning to historical second quarter levels;
Operating margin1 of approximately 16%
"The robust comparable store sales growth has decelerated in recent weeks, tracking in the positive mid-teens, and we expect growth to continue to moderate in the third and fourth quarters."
An example of MARKET MANIPULATIONHello guys this is Francesco and I am going to tell you what happend in chfjpy in last days/weeks.
As you can see a rettangle had been created and price has had broken it but it WAS A FAKE BREAKOUT, big commercial Banks and Istitutional trader use this strategy to push price in the opposite direction of the trade thet want to execute, and then when most part of traders enter at market (sell positions in this case) Istitutionals insert their huge orders and make the price go up a lot.
So before a big movement always try to identify possible stop Huntings.
Now price could reach 112.00 or even higher, look for a possible short trade just if there will be clear bearish signals; I will update you on this pair
Baidu ready to recover after Q2 resultsThe stock has been in negative Weekly RSI since a few weeks now...
Last time this happened in 2015, the stock had jumped up by 70% after it recovered. In terms of Risk/Return it looks very attractive as the bottom has been hit while the recovery can be significantly interesting.
Fundamentally the stock has been hurt due to global environment (china trade war / economic slow-down) and the business has for the first time seen a real slow down in revenue and earnings (especially due to investment in new tech)
However, currently the valuation fundamentally doesn't make sense.
If you include CTRIP, IQIYI and the 12.5bn cash position. It means that Baidu Core Search engine is currently valued at 10BN
This mean 1x Revenue Multiple / 2x EBITDA Multiple. Not seen many companies trading at 2x EBITDA multiple. Huge undervaluation due to sentiment..
TESLA Short Squeeze incoming after bounce from 5-year resistSee investment thesis below. Looking forward to hear your thoughts and views! Also from people that have shorted the stock. I was short as well until the 180-200$ range where I changed my position. I am long Tesla now with more than 50% of my net worth as I truly believe in this company.
Tesla has been recently targeted by numerous wall street analyst that have pushed the price down supported by negative media coverage.
Some examples:
- Media portrays mainly negative scenario (Bear case of $10 by Morgan Stanley). However, only highlighting that figure, while the that scenario has a very low probability and their overall stock recommendation is significantly higher.
- Extremely biased portraying of risk fire of the Tesla Car (every car burned is huge news while the number of electric/Tesla cars is in no proportion to normal cars that are burned). If media would show those the internet would die from the number of car burns (170k per year in US along). While only 3 car burns by Tesla.
Short Squeeze incoming
The main volume that has been pushing down the price are the short-sellers that are betting on this (fueled by negative news). However, they have increased their highest stake 21% short interest to 25% short interest in a period that the stock was at 5-year low (175-180$). Those shorts are going to start a short squeeze similar as a few years ago.
What are the similarities
- Both cases there was a huge short interest
- Both cases the weekly RSI was oversold
- In the previous short squeeze the share price went up 190$
Upside potential:
- Improvement of the Tesla narrative in the Media
- Ambassadors of Tesla pushing more sales (many of the Tesla car-owners buy share as they truly believe in the product).
- Tesla spends nothing on advertisement and still can't keep up with demand. There products are superiors as they can re-invest the 5-10% marketing budget in a better product
- Autonomous car way ahead of peers (this is not baked into the valuation as it doesn't generate yet superior volume)
- China (largest EV market) is going to bring Tesla to the next stage. The product is now selling 13k cheaper (mainly import tariff) with potential subsidy to increase further (in the past imported cars from US, while competitor cars have lost half their subsidy). Therefore the prices of Tesla have improved 15-20k compared to historic prices. This is going to be a game changer. The greatest thing about this!?
>>>> The profit margin will improve (cheaper production / no shipping / tariffs alone were enough to cover price drop)
>>>> Cash flow will improve (in the past cars would hold-up long period of time the inventory capital while shipping this is reduced significantly and pre-orders in China will be another boost of cashflows