Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 8, 2023Technical Analysis and Outlook:
This week, Bitcoin churned at our completed Outer Coin Dip 25600, indicating bias to move downwards crucial support targets: Mean Sup 25100 and 24300 along with Next Outer Coin Dip 24200. Pivotal Rebound Retest is also in play.
Investing
Canadian Solar: Why You Should Buy NowWhy You Should Invest in Canadian Solar Inc.
Canadian Solar Inc. is a leading global solar power company with a strong financial position and a bright future. The company has a long history of profitability and growth, and it is well-positioned to capitalize on the growing demand for solar energy.
Financial analysis
Canadian Solar's financial position is strong. The company has a healthy balance sheet, with a debt-to-equity ratio of just 0.23. It also has a strong cash flow, with free cash flow of $1.5 billion in 2022.
In addition, Canadian Solar's financial metrics are attractive compared to its peers. The company's price-to-earnings (P/E) ratio of 15.5 is lower than the average P/E ratio of 20 for other solar power companies. Its price-to-book (P/B) ratio of 1.6 is also lower than the average P/B ratio of 2.5 for other solar power companies.
Technical analysis
Technical analysis also suggests that Canadian Solar is a good investment. The stock is currently near its monthly low, which indicates that it is oversold. Additionally, the distance from the 180-day moving average is about 35%, which suggests that there is room for a recovery.
Analyst rating
The consensus among 11 analysts is to buy Canadian Solar. This suggests that there is a high level of confidence in the company's future.
Smart money concept analysis
Smart money concept analysis also suggests that Canadian Solar is a good investment. The stock is currently in a discount, which means that it is trading below its intrinsic value. This suggests that there is a high probability of a rebound.
Entry signal
The entry signal for Canadian Solar is a green candle closing after touching the monthly low. The stock should also be exiting the discount zone.
Target
The take profit for Canadian Solar is the weekly high if you want to exit the position in the short term. For a longer-term investment, the take profit is close to the balance zone and the change of character (CHoCH). The stop loss is at the break of structure (BoS) of 2022.
Conclusion
Based on the above analysis, Canadian Solar is a good investment for investors who are looking for a company with a strong financial position, a bright future, and attractive technical and valuation metrics.
Additional considerations
Of course, any investment carries some risk. However, Canadian Solar is a well-managed company with a strong financial position and a bright future.
Here are some additional considerations for investors who are considering investing in Canadian Solar:
The global solar market is growing rapidly, but it is still in its early stages. This means that there is some risk of competition from new entrants.
Canadian Solar is a global company with operations in over 20 countries. This exposes the company to political and economic risks.
The company is subject to government regulations in the countries in which it operates. These regulations could change, which could impact the company's business.
Investors should carefully consider these factors before investing in Canadian Solar.
CORN is trying to establish a base for an upside counter-swingAfter a long period of sideways trading within MJT and MNT lines , Corn is trying to establish a base for an upside counter-swing. A clear close above 508 will confirm it and clear the path for an extended rally. Today USDA will release the weekly export sales report which could be the catalyst that ignite this counter-swing.
Impact of FAA Regulations and Rumors in Aerospace Stock TradingInvesting in aerospace-related stocks can be a lucrative endeavor due to the industry's potential for growth and innovation. You may find a lot of long-term investors holding major airline stocks (especially, positions added during COVID lows) and relatively new aerospace startups. However, it is essential to closely monitor and consider the impact of Federal Aviation Administration (FAA) regulations and even rumors on their investment decisions even if you’re not day trading these stocks. In this article, we explore real-life examples of how FAA regulations have negatively affected the stock prices of companies in the aerospace sector, highlighting the crucial role of monitoring and reacting to regulatory developments.
Example #1. FAA Limits on Flight Numbers and the Plunge in US Airline Stocks:
The FAA recently imposed restrictions on the number of flights to alleviate pressure on the national airspace. While this regulation aims to enhance safety and efficiency, it has directly impacted US airline stocks, such as American Airlines (AAL). Airlines faced reduced capacity and higher operational costs. This resulted in decreased revenue and profitability, causing a sharp decline in American Airlines' stock price. Investors who were not prepared for this regulatory change suffered losses. However, in reality this has been a topic of conversation since April, so the late June announcement shouldn’t have caught anybody by surprise. If taken proper measures, the positions might have been cashed out at July highs until the FAA inevitable reduces the geography of this regulation. Which it already started as of 3-4 weeks ago, meaning we can expect a retracement soon.
Example #2. Minimum Flight Time Requirements and the Struggles of EVTOL Companies:
FAA regulations now require small aircraft, including Electric Vertical Takeoff and Landing (EVTOL) vehicles, to have a minimum flight time of 30 minutes. This regulation has posed significant challenges for EVTOL companies like Joby Aviation, as battery technology limitations make meeting this requirement very difficult. For instance, even industry leaders like Joby Aviation, despite its high potential, faced setbacks due to the FAA's minimum flight time regulation. The company's stock price suffered as investors became wary of the challenges presented by battery size limitations amid this new requirement.
Some other example of FAA regulations impacting aerospace stocks include:
1. Noise Restrictions: Recent FAA regulations aimed at reducing aircraft noise levels have affected companies specializing in quieter aviation technologies.
2. Safety Mandates: Stricter safety regulations have led to increased research and development costs for aerospace companies, impacting their profitability.
3. Environmental Regulations: Regulations promoting sustainable aviation and reducing carbon emissions have influenced aerospace companies' strategies, causing fluctuations in their stock performance.
As you may see FAA regulations have a substantial and immediate impact on the stock prices of companies in the aerospace sector. However, this analogy was just an example because of my personal interest as a PhD in Aerospace Engineering and investor into several aerospace stocks. In reality, when trading/investing you should always stay up to date with regulations imposed by your governing body (food or pharmacy should watch out for FDA and so on). Knowledge is power, dear community members. So stay alert and informed in any comfortable way for you. Some like to watch Bloomberg, some read yahoo finance. In reality, you can substitute that by reading through some of the deep good breakdowns by fellow TradingView writers. Make the most out of it!
S&P 500 Daily Chart Analysis For Week of September 1, 2023Technical Analysis and Outlook:
The Spooz continued upside bias this week by ending its rally at Mean Res 4520. Continuation to completed the Inner Index Rally 4590 is a work in progress. However, the pullback to Mean Sup 4456 is also within the trading picture.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 1, 2023Technical Analysis and Outlook:
On August 23, Bitcoin made a significant recovery and reached our Mean Resistance level. The next target on the downward movement is the Outer Coin Dip, which is at 24200. There is a strong chance that the Mean Resistance 27800 level may be retested.
$BZUN is preparing for the jumpNASDAQ:BZUN touch the bottom and preparing for the short-term jump to the top line of the descending channel. It can take us more or lest than 50% in a month.
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs
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$WB - idea for a long-term investors
NASDAQ:WB drawing a double bottom figure.
Looks like and this is my prediction, that it will start 2-years growing tour from 18 to 89.
Potential is very high, but looking at the turning trend for the most of Chineese huge companies, I assume, Weibo Corp will hold this trend and stay closest to it.
NASDAQ:WB ::17.75->51::+187%::1year (Mar-Apr 2024)
NASDAQ:WB ::17.75->89::+400%::2years (mid of 2025)
Does not constitute a recommendation.
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$MRKV - it's time for a short short )It's needed for the shares of MOEX:MRKV to have a small correction from 0.065 to 0.049 before it will start a new ascending flow.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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AUSTRALIAN DOLLAR vs US DOLLAR : We Maintain the same outlook.Aussie continues performing as anticipated.
We Maintain The Same Outlook.
Double Top formation.
Aussie Must Stay Below "Kolero" To Maintain a healthy Momentum to Resume Its Downward Move Toward The Target. A Clear Close Above "Kolero" Will Abort The Above Scenario And Open Window For An Extended Upward Move.
Gold Price Holds Steady Before Important US Employment DataIn continuation from our last week’s analysis on Gold which was spot on, we can see right now that the price of gold (XAU/USD) is moving sideways after a recent rise, which was driven by weaker labor demand due to a less optimistic economic outlook. This precious metal is expected to stay relatively stable as investors wait for the release of the US Nonfarm Payrolls (NFP) data on Friday (tomorrow).
On Wednesday, the US ADP Employment report indicated that the job market isn't as strong as previously believed. Companies have slowed down their hiring processes, adding to the signs of an uncertain economic future. The decrease in labor demand has raised hopes that the Federal Reserve (Fed) might ease its approach, especially since Fed Chair Jerome Powell mentioned at the Jackson Hole Symposium that inflation is now more influenced by labor market conditions.
Gold has been on a winning streak for the past three days and is predicted to continue recovering as labor demand from US companies weakens due to reduced overall demand.
The effects of higher interest rates were evident in the US ADP Employment Change data, which showed a decline in job vacancies. The August ADP report revealed that the private sector in the US added 177K employees, falling short of the expected 195K and just a fraction of July's revised figure of 371K.
The slowdown in job growth was particularly notable in the leisure and hospitality sector, where job creation in areas like hotels and restaurants decreased by 30K in August after a period of robust hiring.
Wage growth also eased in August. While those staying in their jobs experienced an annual pay growth of 5.9%, those changing jobs saw a slower growth rate of 9.5%.
Nela Richardson, the chief economist at ADP, noted that the August numbers reflect a pace of job creation similar to the period before the pandemic. She stated, " After two years of remarkable gains tied to the recovery, we are transitioning to more sustainable growth in both pay and employment as the economic effects of the pandemic diminish. "
According to the CME Group FedWatch Tool, it's widely anticipated that interest rates will remain unchanged in September. Additionally, the Fed is expected to maintain rates within the range of 5.25% to 5.50% by the end of the year.
Jerome Powell, the Fed Chair, emphasised during his speech at the Jackson Hole Symposium that inflation is now more responsive to the job market. Consequently, a softer labor market could reduce the upward pressure on inflation.
Raphael Bostic, President of the Atlanta Fed Bank, suggested that the current policy is sufficiently restrictive to bring inflation to 2% over a reasonable timeframe.
After a sharp decline to near 103.00, the US Dollar is experiencing a slight rebound. Nonetheless, many investors are hopeful that the Fed's interest rates have reached their peak, which could lead to further downward movement. The 10-year US Treasury yields have moderately rebounded to 4.12%.
While higher mortgage rates are once again putting pressure on US housing demand, it seems that the most challenging phase of the housing sector's correction has passed due to limited supply.
According to property analysts surveyed by Reuters, predictions of a price drop in the housing market for this year have disappeared, indicating that the short-lived correction in the US housing market is now concluded.
Looking ahead, investors will be paying attention to the weekly Jobless Claims for the week ending on August 25, as well as the core Personal Consumption Expenditure (PCE) Price Index for July.
In conclusion, there's a belief that gold is gaining strength and might experience a potential upward breakout collecting liquidity resting above. This could be accompanied by a minor pullback before continuing its upward movement (see chart for more details).
one of the my stock now India exporting goods to other country one of the cheapest transportation media is water base so now our government working on ports developments. so keep it watch list
Gujarat Pipavav Port is India's first private sector port located on the south west coast of Gujarat near Bhavnagar. The port is strategically placed to on International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far east on the other side.
stock break resistance level of 120 and now this level work as support stock may move 150 level with this support.
115 take as support may move 150+
volume in stock also good
weakly charts are study
two round pattern showing stock accumulation are going in stock.
fundamental analysis
stock at low PE level compare to 3,5,10 year PE. means that stock under value
ROCE 19.6% & ROE 15%
ZERO DEBT COMPANY
current & quick ratio are above 3.5%
good dividend payer
share holding pattern
pramoter 44%
FII & DI 43%+
NO RECOMMENDATION FOR BUY AND SELL