EDGE - #DePin Infrastructure long term playThis is NOT a short term indicator play. It's a cyclic infrastructure investment #DePin, with a real product and revenue, token burning mechanism. Great entry on a 365 ema retrace touch which gives the best possible RR given the nature of this investment. I will also be participating in providing a node and staking. Little birdie told me good alpha about the roadmap. DYOR
Infrastructure_plays
CNI Transportation Infrastructure Swing LongCNI is a Canadian Rail company. With the possible strike in the US, this
company can help take goods from China to the east part of North America.
Technically it is a solid performer with good recent earnings. This is
a slow but steady mover low beta ignores the general stock market and
a recession will have little impact. In the past month no matter any
bear market rally overall, CNI has had relative strength.
I will go long with a far-out call option to grind out some profit with
low risk of unexpected volatility.
option.
LEU WILL POWER THE FUTUREWith a major infrastructure plan in the works, EV burning up the roads, and hoping for a green future, Leu is waving its flag and trying to get our attention.
Earning report on 8/17
Bill could pass any day, earnings report likely positive - If they happen close together this will be a one-two punch on the accelerator.
Price to drop on 8/11 with 8:30 AM inflation numbers - good time to load up and strap in before lift off!
the above is personal opinion and should not be construed as stock advice or direction.
Good luck!
go long MLM. will benefit from infrastructure billMLM has been building strength and continuing. Although sometimes a high RSI means something is overbought, sometimes it can signal strength. Every time the RSI and MACD spike, it ends up being a sign of building strength and momentum in MLM as marked by the blue vertical lines.
There was a bullish Golden Cross and with the infrastructure bill around the corner, MLM stands to be a huge beneficiary.
Fundamentally, they are reducing debt and increasing profit margins while beating on earnings 3 out of the last 4 times.
Short-term price target: $368-$375. Plus in the meantime, you'll collect a dividend.
Long-term price target: $420
Undervalued Steel BreakoutTechnical Analysis
We have a breakout on strong intraday volume (200% above 10-day average).
RSI @67 - still not overbought.
OBV has been supportive.
Because we are in a longer down-trend, we will see multiple resistance; which will very helpful to set your limits.
Risk reward ratio is great, using $32.3 as stop-limit loss, and $39 as a sell-exit.
Be careful of a fake break-out, as this is only the 1st day.
Fundamental Analysis
One of the infrastructure plays with expected fiscal stimulus, could be steel.
As price is king, it tells a more accurate story of what market makers think of the upcoming events.