A Cloud Communication Pioneer with Strong Growth PotentialCrexendo, Inc. (NASDAQ: CXDO) recently reported impressive results for the second quarter of 2024, beating analysts’ expectations both in terms of earnings and revenue. The company posted earnings per share (EPS) of $0.07, surpassing the expected $0.05, and reported revenue of $14.7 million, also beating the forecasted $14.2 million
Growth Drivers
Crexendo continues to thrive as a leading provider of cloud communication platforms, video collaboration, and managed IT services. The company’s growth is driven by its expanding user base, which now exceeds 5 million on its platform. This places Crexendo as the third-largest and fastest-growing cloud communication platform in North America. The company’s ability to secure prestigious awards, like the INTERNET TELEPHONY Product of the Year, further highlights its industry leadership and commitment to innovation.
Financial Performance & Outlook
Crexendo’s strong financial performance is underpinned by its ability to consistently deliver high-value services that resonate with its customers, leading to robust revenue growth. The company is well-positioned to continue its upward trajectory, with analysts predicting further revenue increases and EPS improvements in the coming quarters.
Investors remain optimistic, as reflected in the stock’s recent upward movement. With a 52-week price range showing significant volatility, Crexendo is currently trading well below its highs, presenting a potential opportunity for value investors who believe in the long-term growth story of this cloud communications leader.
Conclusion
Crexendo’s strong Q2 results and impressive growth in its cloud communication platform underscore the company’s solid position in the market. As it continues to expand its user base and enhance its service offerings, Crexendo is poised for continued success in the rapidly growing cloud communications industry. Investors looking for exposure to this sector may find Crexendo an attractive option, especially given its recent performance and future potential.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
Longposition
Gold price recovers! Buyers dominate⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on Thursday's strong 2% gain and edged lower during the Asian session on Friday. A positive mood in global equity markets put some pressure on the safe-haven metal, but various factors should help prevent significant losses. Concerns over a potential Middle East conflict and expectations of larger rate cuts by the Federal Reserve (Fed) could support gold.
Dovish Fed expectations are also weighing on US Treasury bond yields and pulling the US Dollar (USD) down from its weekly high. This environment favors bullish traders and suggests that gold's likely direction is upward. Any further dip might be seen as a buying opportunity, especially with no major US economic releases expected soon. The market's attention will turn to the upcoming US consumer inflation figures, due next Wednesday.
⭐️ Personal comments NOVA:
Bulls dominate over the weekend - surpassing 2420, amid growing global military tensions
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2408 - $2406 SL $2402 scalping
TP1: $2415
TP2: $2422
TP3: $2430
🔥BUY GOLD zone: $2388 - $2386 SL $2380
TP1: $2395
TP2: $2410
TP3: $2420
🔥SELL GOLD zone: $2441 - $2443 SL $2448
TP1: $2430
TP2: $2420
TP3: $2410
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XRPUSDT: READY TO PUMP AGAINHello All:
Welcome to the quick update of XRPUSDT. After consolidating for a few days, XRP pumped around 20-25% until 0.64
As of now, it is making a bull flag kind of pattern, it has broken it and retested and can pump again anytime soon at around 20%.
We can take a long entry into this fundamentally good and stable coin.
Possible entry-exit points:
Entry: 0.5821 to 0.6100
Target: 0.651, 0.672, 0.698, until 0.7800 in the long run.
STOPLOSS: 0.5700
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
ScramblerG is always there to help and trade with caution but DYOR.
Gold Spot / U.S. Dollar | Entry 1 : Long Position15m : Demand zone mitigated and waited until candle confirmation in asian kill zone
1m : Took long position after bullish confirmation
Note :
Enter any position only during kill zones
After the market enters a non-kill zone area, trail your stop loss to the entry point or the nearest mitigated order flow level
XAU at the beginning of the week fluctuated too much⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price is up on Monday due to a weaker US dollar. The market is reacting to the recent dovish stance from the FOMC and softer US job report. This, along with low US Treasury bond yields and a weak US dollar, is supporting gold prices. Geopolitical tensions in the Middle East are also boosting gold as a safe-haven asset.
Traders are watching the US ISM Services PMI on Monday for potential market moves. If the Services PMI improves as expected, it could strengthen the US dollar and limit gold's gains.
⭐️ Personal comments NOVA:
The volatility at the beginning of the second week was amazing - fluctuating around the large border from 2415 - 2465. Still in the long-term Uptrend, waiting for important resistance and support areas to enter orders.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2419 - $2417 SL $2412
TP1: $2430
TP2: $2445
TP3: $2460
🔥SELL GOLD zone: $2479 - $2481 SL $2486
TP1: $2465
TP2: $2450
TP3: $2430
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Applying Fan's Principle on XCHANGING!Fan Pattern in NSE:XCHANGING !
3rd Fan Line Breakout in XCHANGING!
XCHANGING SOLUTION Analysis on a Monthly Time Frame!
Analysis:
Hello all, as you can see I have applied the Fan Principle on XCHANGING SOLUTION, It is a type of Multi time frame analysis, Where we can draw multiple trendlines from an All-Time High price point. As per the Fan's Principle, there is a trend reversal When the price breaks the 3rd Fan Line.
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Uptrend continues after FOMC ! XAU ATH ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price struggles to rise despite a small increase earlier, trading just below $2,445, almost unchanged today. Investors are more interested in riskier assets due to expectations of the Fed starting to cut rates soon, leading to a positive stock market and weakening demand for gold.
The Gold price is somewhat supported by a weak US Dollar caused by the Fed's cautious stance. The Fed's hints at a rate cut in September and low US Treasury bond yields are keeping the dollar down. Additionally, tensions in the Middle East are supporting the safe-haven gold.
⭐️ Personal comments NOVA:
Gold price after yesterday's FOMC news, benefited from the increase in price from the statement that the move will reduce interest rates as soon as September 2024. Expect a new ATH to continue in 2024
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2422 - $2420 SL $2415
TP1: $2430
TP2: $2440
TP3: $2450
🔥BUY GOLD zone: $2433 - $2431 SL $2427
TP1: $2445
TP2: $2460
TP3: $2480
🔥SELL GOLD zone: $2472 - $2474 SL $2479
TP1: $2465
TP2: $2458
TP3: $2450
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
CB factors help whether Gold price increases or not ??⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is having difficulty finding a clear direction today and is moving within a small range, approximately between $2,380 and $2,385, in the Asian trading session on Tuesday. The geopolitical tensions in the Middle East are providing some support to gold. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September, supported by a mild US inflation report last Friday, are acting as a positive factor for gold, which does not yield interest.
⭐️ Personal comments NOVA:
In the long-term H4 frame, prices are still in a downtrend - however economic news can contribute to a slight increase in Gold prices.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2353 - $2355 SL $2348
TP1: $2360
TP2: $2370
TP3: $2380
🔥SELL GOLD zone: $2410 - $2408 SL $2415
TP1: $2400
TP2: $2390
TP3: $2380
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Chart Idea - KASUSDT Swing Long SetupKASUSDT Long Setup
Confirmations:
- Weekly Stoch RSI cross over
- Bounced beautifully from 0.618 fib level of 0.097 range
- Successful retest of weekly bull flag breakout support which coincides with 0.382 fib level
Entry: 0.11
TP: 0.378
SL: 0.099
It’s a swing long which can play out in weeks if not months.
DOGE/USDT ELLIOT PRICE ACTIONHi guys, this is my overview for DOGE/USDT, feel free to check it and write your feedback in the comments👊
Some days ago, the price entered a falling channel, where it at once broke $0.10 level and fell to the support line.
Next, the price bounced from this line and soon broke the $0.10 level again and made the false breakout with the Dragon Fly candlestick
Sometime later, the price traded near the $ 0.011 level, and a not long time ago broke it, after which rose to the resistance line of the channel.
Possibly, the price can Reach to a new high in about 100 days
If this post is useful to you, you can support me with a like/boost and advice in the comments❤️