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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 22, 2024Technical Analysis and Outlook: The price of Bitcoin, which remained at or below the completed Outer Coin Rally of 92000 during the preceding week, has successfully broken through this level this week, thus completing our Outer Coin Rally of 99500. The current analysis indicates that the cryptocurrency coin will likely experience a retracement to the Mean Support level of 94400 before embarking on its subsequent bullish trajectory, targeting our forthcoming Outer Coin Rally at 110000. This development signifies the conceivable continuation of a sustained bull market.
BITSTAMP:BTCUSD
by TradeSelecter
McDonald’s (MCD): Crisis Management and Market ReactionWhat a perfect flat this is on McDonald’s. Already back in the range and finished the wave ((ii)) at the 50% Fibonacci retracement level. Far more downside is expected for $MCD. If we are right about this intra wave count, we should see the level of wave ((iii)) to be at a minimum of $258.5. The outbreak that caused the big drop was linked to slivered onions used in Quarter Pounder burgers, which affected 104 individuals across 14 states and resulted in one death. To address the crisis, McDonald’s will invest $35 million in marketing and advertising campaigns to rebuild customer trust and foot traffic. Additionally, $65 million will be directed toward franchisee support, including deferrals on rent and royalties. To recover from this significant image damage, it will likely take much time for NYSE:MCD to resolve these challenges. Therefore, it would also be valid if NYSE:MCD sweeps the range low at the level of $245 before coming back to at least the range middle.
NYSE:MCDShort
by freeguy_by_wmc
Gold on the Bitcoin fibonacci multiplierWhat bitcoin does on a small timescale of 15 year we see happening in gold on a multi decade scale. Looking at the Fibonacci lines you can see that the first peak in 1974 hit the Red Fib Multiplier before retracing again. In 1980 the second touch in this cycle hit the orange line. In 2011 gold hit the yellow line at $1900, As we are now in the second phase of this bull market, I expect gold to hit the red line between 2026 and 2030 at 7-10K Currently the cycle is dominated by uncertainty, risk aversion(debt load) and inflation and I dont see a change in the world for these topics in the next few years.
TVC:GOLDLong
by timschell
1
Is Snowflake getting out of the DOGHOUSE? Watch before earnings!Is Snowflake NYSE:SNOW Finally Breaking Free from the Doghouse? 🐾 In this must-watch video, we’re dissecting: 🔹 Chart Analysis: What the latest charts are revealing about Snowflake's trajectory. 🔹 Potential Catalysts: Key factors that could propel or hinder NYSE:SNOW 's progress. 🔹 High Five Setup Trading Strategy: How my proven strategy applies to Snowflake's current setup. Ready to uncover the insights that matter most? Let’s dive in and stay ahead of the curve! 👇 Like l Follow l Share for more content Check my Bio for other ways to stay connected
NYSE:SNOWLong
by RonnieV29
8
Shopify ain't done yet! Pullback then Higher, 50% Move Inbound! Shopify ain't done yet! Pullback then Higher, 50% Move Inbound! NYSE:SHOP is going higher and presenting a buying opportunity! 50% Potential Upside! 📈 In this video, we dive into NYSE:SHOP , an Ecommerce powerhouse, currently breaking out of a Multi-Year Cup n Handle Pattern! 💡 Key Highlights: -H5 Indicator: Flashing green for a bullish signal -Flipping a 4-year resistance area to support -Volume Insights: Massive GAP to fill -Technical Analysis: Consolidation box formed on WR% Targets: 🎯$110 🎯$121 📏$160 🎯$180 Don't miss out on the potential explosive growth of Shopify! Tune in to see why this stock could be a game-changer! NFA
SLong
by RonnieV29
QUALCOMM DEEP DIVE (DD): A Trillion dollar Market Cap InboundQUALCOMM DEEP DIVE (DD): A Trillion-dollar Market Cap Inbound In this video, we will be doing a DEEP DIVE into: 1.) NASDAQ:QCOM H&S Pattern 2.) Why Qualcomm is a great investment, 6/6 score 3.) Implications for NASDAQ:INTC & NASDAQ:MBLY if they're acquired by Qualcomm. BULLISH MOBILEYE! 4.) Combining fundamental & technical analysis into investing I worked really hard to prepare this video; if you enjoy it, please consider sharing. 🙏 NFA #investing
NASDAQ:QCOMLong
by RonnieV29
10
Market insights & Where we are heading on the $QQQ $SPY $IWM 📊 Market Insights & Future Trends: NASDAQ:QQQ AMEX:SPY AMEX:IWM In this must-watch video, we’re diving deep into: Market Direction: Projections for where the markets are heading this week into year-end. Potential Catalysts: Key events and factors that could cause significant market shifts. My Secret Tools & Strategies: An inside look at the methods I use to anticipate market moves. Ready to get ahead of the game? Let’s dive in and uncover the insights you need to stay informed and strategic! Like l Follow l Share for more content!
AMEX:IWMLong
by RonnieV29
ayPal (PYPL): New Features and Market ImpactPayPal ( NASDAQ:PYPL ) is currently up 44% from our initial entry, demonstrating strong performance within a developing trend channel. While not entirely symmetrical, the addition of a smaller trend channel on the upper side showcases nearly perfect alignment, highlighting this stock’s potential for growth. Last Thursday, PayPal announced a new feature allowing customers to collect money from friends and family for shared expenses, available in the US, Germany, Italy, and Spain. While innovative, this announcement led to a 4% dip in PayPal’s stock, likely due to profit-taking by investors. From a technical standpoint, we expect a three-wave correction to finalize wave (iv). Currently, the key support zone lies at the 38.2% Fibonacci retracement level near $76, which aligns with the last level before a low-volume node. If this support fails, the 50% Fibonacci level becomes the next likely target. However, NASDAQ:PYPL should avoid prolonged trading below wave (i)’s range of $70 to maintain its bullish structure.
NASDAQ:PYPLLong
by freeguy_by_wmc
Chevron (CVX): Bottom in Sight?Chevron ( NYSE:CVX ) has maintained a wide range between $167 and $137 since March 2022, with one notable push above this range likely corresponding to the completion of wave 3. The focus is now on identifying the wave 4 bottom, which we anticipate to form between the 50-61.8% Fibonacci retracement levels, or $128–$113. This range is supported by key technical indicators, including a High Volume Node Edge and a Point of Control (POC) within this area, adding significant confluence. From a macroeconomic perspective, Chevron faces challenges from declining crude oil prices, which is impacting investor sentiment. Despite a brief surge in oil-and-gas stocks following Donald Trump’s victory, this momentum has not sustained across the sector. Broader bearish factors such as weak Chinese demand, global overproduction, and OPEC’s indecision on further cuts add to the uncertainty. Bullish bets on oil due to geopolitical tensions have largely underperformed over the last two years, further pressuring the commodity and Chevron. Should NYSE:CVX reclaim the range high at $167, it could signal a trend reversal, suggesting the wave 4 bottom may already have formed at $135.55, the last significant low. However, if the resistance holds, further downside into the targeted area seems likely. We will continue monitoring how global tensions, oil price fluctuations, and broader market conditions impact Chevron’s performance. Until then, patience is key as we await a clear signal.
NYSE:CVXLong
by freeguy_by_wmc
The Browser Underdog: Opera's Surprising Surge◉ Abstract Opera Limited (OPRA) presents a compelling investment opportunity, boasting an attractive valuation with a P/E ratio of 10.1x, significantly lower than the peer average of 66.5x. The company demonstrated strong financial performance in FY23, with 20% revenue growth reaching $396.8 million, accompanied by impressive cash flow growth of $82.8 million. Opera's debt-free status adds to its financial health. However, challenges persist, including its limited 2.4% market share in the competitive browser market, heavy dependence on browser revenue, and regulatory and technical risks. Despite these challenges, Opera's strengths and resilience, coupled with the industry's growth prospects, make it an attractive investment choice. Read full analysis here......... ◉ Introduction The internet browsing market is highly competitive, with approximately 5.3 billion monthly active users as of 2024. Google Chrome dominates the market with a 65.18% share, followed by Safari at 18.55%, Microsoft Edge at 5.26%, and Mozilla Firefox at 2.74%. The market is expected to continue growing, driven by increasing internet penetration, the proliferation of smart devices, and the demand for enhanced web experiences. Additionally, the shift towards mobile browsing, with mobile devices accounting for a significant portion of internet traffic, will further fuel this growth, leading to projected expansion and innovation in the industry. ◉ Key Growth Drivers 1. Increased Internet Penetration: Global internet user numbers are steadily rising, particularly in developing regions where access to technology is improving. 2. Mobile Device Usage: The shift towards mobile browsing is significant, with browsers like Chrome and Safari leading in mobile usage due to their integration with popular operating systems (Android and iOS) respectively. 3.Technological Advancements: Continuous improvements in browser technology, including speed enhancements, security features, and user-friendly interfaces, attract more users. 4. Focus on Privacy and Security: Growing concerns about online privacy have led to increased demand for browsers that prioritize user data protection. This trend benefits browsers like Firefox and Opera, which emphasize privacy features. 5. Integration with Ecosystems: Browsers that integrate well within their respective ecosystems (e.g., Safari with Apple devices) tend to retain users more effectively due to seamless functionality across devices. ◉ Major Players Today, our discussion will center on Opera, a niche browser vendor navigating the global internet browsing market dominated by Google Chrome and Safari. This report presents an in-depth examination of Opera's technical and fundamental metrics. ◉ Company Overview Opera Limited NASDAQ:OPRA is a Norway-based tech innovator, established in 1995. Listed on NASDAQ (OPRA), Opera boasts a global team of 500+ employees. Its diverse portfolio includes Opera Browser, Opera Mini, Opera GX, and Opera News. The company operates through four segments: Browser and Search, Advertising, AI-driven Content Discovery, and Fintech (Opera Pay). Opera's growth strategy focuses on emerging markets, AI enhancements, advertising expansion, and fintech development. ◉ Investment Advice 💡 Buy Opera Limited NASDAQ:OPRA ● Buy Range - 16.8 - 17.8 ● Sell Target - 23.5 - 24.5 ● Potential Return - 33% - 38% ● Approx Holding Period - 12-15 months ◉ Revenue Breakdown (FY23) ● Total Revenue: For the full year 2023, Opera reported total revenue of $396.83 million, up from $331.04 million in 2022, marking a 20% year-over-year growth. ● Advertising Revenue: Advertising revenue constituted approximately 59% of total revenue, amounting to around $234 million. This segment grew by 24% year-over-year, driven by the success of the Opera Ads platform and browser monetization strategies. ● Search Revenue: Search revenue accounted for about 15% of total revenue, totaling approximately $60 million, with a growth rate of 15% year-over-year. This growth is attributed to targeting users with higher monetization potential, particularly in Western markets. ● Technology Licensing and Other Revenue: This segment represents a smaller portion of the overall revenue, contributing roughly $0.1 million, reflecting the company’s ongoing efforts to monetize its technology beyond its core browser offerings . ◉ Strengths & Weaknesses The company has experienced significant growth and innovation in recent years. However, it also faces various challenges. Here’s a detailed analysis of its strengths and weaknesses: ● Strengths: 1. Innovative Features: ➖ Opera GX Gaming Browser: Tailored for gamers with CPU and RAM limiters, plus integrations with Twitch and Discord. ➖ Built-in Ad Blocker: Improves browsing speed by blocking ads and tracking cookies. ➖ Free VPN: Enhances privacy by encrypting traffic and hiding IP addresses, allowing access to region-restricted content. 2. Diverse Revenue Streams: Revenue comes from multiple sources, including advertising (about 59%) and search (around 15%), providing financial stability. 3. Financial Growth: Consistent revenue growth, reaching $397 million in 2023, with positive projections for 2024. 4. Strategic Partnerships: Collaborations with major tech companies enhance service offerings and market reach. ● Weaknesses: 1. Limited Market Share: Holds only about 2.4% of the global web browser market, significantly trailing competitors like Google Chrome. 2. Heavy Dependence on Browsers: About 82% of revenue comes from web browsers, making the company vulnerable to shifts in user preferences and market trends. 3. Regulatory Vulnerability: Risks associated with changes in affiliate marketing regulations and data protection laws could impact revenue. 4. Technical Challenges: Users report stability issues and bugs that affect overall experience. ◉ Technical Aspects ● Weekly Chart ➖ In July 2023, the stock peaked at around the 27 level but then encountered considerable selling pressure, leading to a drop towards the 10 level. ➖ Following an extensive period of consolidation, the price has recently achieved a breakthrough and is trending upwards. ● Daily Chart ➖ The daily chart reveals the formation of an Inverted Head & Shoulders pattern. ➖ After a recent breakout, the stock price is currently consolidating just above the breakout level, with expectations of future increases. ◉ Technical Indicators 1. RSI (Daily Chart) ➖ Current RSI of this stock is 66.42, which indicates the strength of buyers. 2. ADX & DI (Daily Chart) ➖ Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured. 3. MFI (Daily Chart) ➖ The current MFI is 59.04, suggesting that the stock is not in an overbought state. 4. EMA’s (Daily Chart) ➖ The stock price is currently positioned above all key EMAs, indicating robust momentum. ◉ Relative Strength ➖ The chart highlights Opera's impressive outperformance of the Nasdaq Composite index, driven by a substantial 50% annual return. ◉ Revenue and Profit Analysis ● Year-over-Year ➖ Opera Limited reported strong financial performance in fiscal year 2023, with revenue reaching $396.8 million, representing a 20% increase from $331 million in fiscal year 2022. ➖ The company's EBITDA also saw significant growth, rising 35% to $69.2 million from $51.2 million in the prior year, while the EBITDA margin expanded to 17.4% from 15.5%. ● Quarter-over-Quarter ➖ Opera Limited's quarterly performance ending September 2024 was equally impressive, with revenue climbing 12% to $123.2 million from $109.7 million in the preceding quarter and 21% from $102 million in the same quarter last year. ➖ Additionally, EBITDA increased 5% to $27.3 million, and diluted earnings per share (LTM) edged up to $1.78 from $1.75 in the previous quarter. ◉ Valuation 1. P/E Ratio ● Current P/E vs. Peer Average P/E ➖ Analyzing the P/E ratio reveals that OPRA stands at 10.1x, highlighting a substantial undervaluation when compared to the peer average of 66.5x. ● Current P/E vs. Industry Average P/E ➖ Within the US software sector, OPRA's P/E ratio of 10.1x is markedly lower than the industry average of 41.9x, signaling that it is relatively inexpensive. 2. P/B Ratio ● Current P/B vs. Peer Average P/B ➖ Examining the P/B ratio, OPRA's current figure of 1.8x falls short of the peer average of 5.5x, indicating a relative undervaluation. ● Current P/B vs. Industry Average P/B ➖ When juxtaposed with the industry average, OPRA's P/B ratio of 1.8x points to a notable undervaluation, as the industry average stands at 3.7x.3.7x. 3. PEG Ratio ➖ A PEG ratio of 0.07 implies that the stock is undervalued in relation to its anticipated earnings growth. ◉ Cash Flow Analysis ➖ In the fiscal year 2023, operational cash flow saw impressive growth, soaring to $82.8 million, a significant rise from the $56.7 million recorded in fiscal year 2022. ◉ Debt Analysis ➖ The company proudly maintains a completely debt-free status, showcasing its strong financial health. ◉ Top Shareholders ➖ Arrowstreet Capital's stake in the company stands at 1.23%, indicating a 4.9% reduction in holdings from the prior quarter. ◉ Analyst Price Target ➖ The 12-month consensus price target for Opera stands at $24.20, implying a substantial potential appreciation of 32% from current levels, presenting an attractive investment opportunity. ◉ Conclusion Opera's attractive valuation and impressive financial performance make it a compelling investment opportunity. However, the company's financial outlook is not without challenges. Market uncertainty and unforeseen events pose risks, while its e-commerce monetization efforts remain vulnerable to market volatility and competition. Additionally, Opera operates in a highly competitive browser market, where intense rivalry could impact user engagement, retention, and revenue. Despite these challenges, the industry's significant growth prospects support a positive outlook, driven by Opera's strengths and resilience, making it an attractive investment choice.
NASDAQ:OPRALong
by NaranjCapital
5
My HIGHFIVESETUP Indicator in action on HIMS. Massive gains!My HIGHFIVESETUP Indicator in action on $HIMS. Massive gains! Check out my HIGH-FIVE SETUP trading strategy indicator in action on NYSE:HIMS stock over the last two years! Over 200% gains based on a $10k starting account. - $10k into $31.5k+ - Almost a 90% accuracy based on the buys and sells. - Almost 100% accuracy when we only buy off charting pattern breakouts and retests. As most of my followers know, I've already been using my personal HIGHFIVESETUP trading strategy, and it's been very successful. So, to work smarter, not harder, I decided to create an indicator and trading strategy with my HIGHFIVESETUP to make my charts less cluttered and focus on fewer items. I'm still backtesting across a wide variety of stocks to prove the success of my data-backed strategy. I'm also tweaking some of the script to make sure everything is how I want it, along with the backtesting and trading side of things. What do you think about my HIGHFIVESETUP strategy and my new indicator?
NYSE:HIMSLong
by RonnieV29
20
INVESTMENT IDEA - BAJAJ FINANCE Bajaj Finance , a major financial services provider in India, showcases a promising investment setup supported by both technical and fundamental strengths. Technical Reasons : Trend Line Support: The stock is holding above a long-term trend line, indicating resilience and potential for an upward move. Intact Trend: Continuous higher highs and higher lows signal that the bullish trend remains intact. Doji and Inside Candle Pattern on Weekly: This pattern suggests a possible reversal or continuation, highlighting a period of consolidation with potential for breakout. Fundamental Reasons : Record Revenue and Net Profit: Both metrics are at all-time highs, underscoring the company's financial strength. Attractive Valuation: With a current 10-year PE ratio of 27.9, Bajaj Finance trades below its 10-year median PE of 45.4, suggesting it is undervalued relative to historical standards. Solid Growth and Returns: The company boasts a 24% compounded sales growth rate, an ROCE of 11.9%, and an ROE of 22.1%, reflecting effective utilization of capital and profitability. These combined factors make Bajaj Finance an attractive long-term investment option, with technical support for entry and solid fundamentals for sustained growth potential.
NSE:BAJFINANCELong
by Visionary_Growth_Insights
EUR/USD Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook: As anticipated in last week's analysis, the Eurodollar has sustained its downward trajectory with notable intensity, successfully reaching all predefined targets: Mean Support at 1.069, Key Support at 1.062, a retest of the completed Inner Currency Dip at 1.060, and the realization of the Inner Currency Dip at 1.050. While this downward movement is significant, the following primary target is the Outer Currency Dip at 1.042. It is imperative to acknowledge and initiate a rebound, which is currently taking place, guiding prices back toward the newly established Mean Resistance at 1.063 before resuming the down movement.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook: According to my analysis of Bitcoin, as I have previously forecasted for Aeon, Bitcoin achieved the target of $92,000 in the past week. Although it has since retraced to the Mean Support level of $86,500, Bitcoin is currently at the top, regaining momentum, and is projected to hit the Outer Coin Rally of $99,500 and a subsequent target of $110,000. Currently, wwe are hovering near the $100,000 threshold, which indicates the commencement of a significant bull market. It is essential to acknowledge that this journey has been lengthy and demanding, and further volatility is anticipated. Nevertheless, patience will likely yield substantial rewards for those who have remained committed thus far. Recognizing that reaching these targets in all probability will trigger selling pressure is crucial.
BITSTAMP:BTCUSD
by TradeSelecter
NVIDIA (NVDA): Targeting $166 amid AI momentumNVIDIA continues to dominate the AI and computing landscape, with a significant development in Japan: SoftBank’s telecom unit will soon receive Nvidia’s advanced Blackwell chip design for its supercomputers. The upcoming earnings report on November 20 is critical in sustaining NVIDIA’s exceptional growth trajectory. CEO Jensen Huang’s company has projected third-quarter revenue of approximately $32.5 billion, propelled by substantial demand for Hopper and Blackwell GPUs. These GPUs are crucial for strengthening NVIDIA’s data center segment, which currently operates with an impressive 68% margin. Priced between $30,000 and $40,000, Blackwell chips are already seeing high demand, with production scaling in Q4 2024. From a technical perspective, NASDAQ:NVDA still has room to grow, with a targeted area of $166 or higher in the short term. We are closely monitoring the stock for either a move into this target or a shift in market structure that could change the outlook. Stay tuned for updates as we approach the earnings call and as NVIDIA continues to set new milestones in the tech space.
NASDAQ:NVDALong
by freeguy_by_wmc
THE BULLS OF BITCOIN [TRUMP+ELON] We're coming out of our corrective pattern with the chance to break into a new ATH once break our ascending triangle. This pattern is often bullish but with CME futures gap in play we can still see another correction before we're off to the 2nd phase of our pattern. Keep an eye on the altcoins and notice the money flow cycle. > > as we make our correction or we see a continuation with our ELLIOT WAVE THEORY . As we enter Q4 we can see people selling for losses or taking profits as we continue to crash upwards into 2025 with interest rates projected to fall in Dec. Buy. Hold. Realize your profits once your PT's are hit. With Trump taking office along with Department of Government Efficiency The digital gold rush begins now.
Long
by isaiahescobarrr