USTEC rose after avoiding Lutnick as a Treasury Secretary
The Nasdaq index has surged, fueled by solid expectations surrounding Nvidia's Q3 earnings and the alleviation of uncertainty following the appointment of the new Treasury Secretary.
Investors are breathing a sigh of relief as Howard Lutnick, a staunch supporter of Trump's tariff policies, has been nominated for Commerce Secretary rather than Treasury Secretary. In contrast, Kevin Warsh, who is running for Treasury Secretary, has openly criticized protectionist measures such as tariffs. This shift has heightened expectations that some economic issues stemming from Trump’s tariff policies will be mitigated.
Furthermore, Wall Street consistently raises Nvidia's target stock price. Investors anticipate that Nvidia's Q3 earnings will surpass market consensus, and Wall Street confidently anticipates that the Q4 guidance will also exceed expectations.
USTEC briefly tested the support at 20300 and rebounded to 20770. The index sustains upward momentum, holding above the trend line. If USTEC sustains its upward trend above the resistance at 20700, the index could gain upward momentum toward the 21250 high. Conversely, if USTEC fails to hold above the trend line and 20300, the index may fall further to 19950.
Nasdaq
Nasdaq Intraday Review - Tuesday 19 Nov 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None. Tomorrow is Nvidia Earnings release
Directional bias - BUY (read yesterday's post entitled "Nasdaq Intraday Review - Monday 18 Nov 2024" for more insight into today's directional bias and swing trade entry)
Yesterday I opened a swing trade at the B. hand icon.
My mental stop was placed at the thick pink line.
Wow....what a day, what a draw down!
But held throughout and I am now 1'300 pips in the profit with a big position and secured at entry i.e. trading risk free.
Here's the reasoning for holding and also where I would have entered today if I had not had a swing trade going:
Holding swing trade:
As is evident from the 1H chart, a huge red candle closed below my mental stop. In normal trading i.e. day trading I would have closed my trade.
But in this instance I entered a swing trade based on the 4H TF. On normal day trading days, I enter on much lower TF and judge how candles close against my mental SL on much lower TFs.
As a rule, if candles start closing below my mental stop, I would close.
But over the years I have also learnt that the time frame you enter on, is the TF you should judge if you want to close your trade. In other words, if I enter on a 4H TF, then in theory I should only close my trade if 4H candles start closing below my mental stop. This is very hard (especially because Nasdaq that can spike thousands of pips at a time). But over the years, as I have grown my account and gained experience, I have been able to hold fast on this observation.
And so, as can be seen on the 4H TF, a 4H candle did not close at my mental stop.
This draw down had me sweating bullets and if I had my position sizing wrong I could easily have bust my account on a 2'700 pip drawn down (esp because I trade with a 500 leverage). I was also nearly in panic mode because the news is full of stories regarding the Ukraine Russia War escalation. So I am pleased that I held my cool, stuck with my trade plan and didn't panic close my position at a massive loss.
Whether it was luck or truly my past "observation", I thank my lucky stars that price ultimately went my way.
Entry point for today:
I did not add another position today because my exposure was already at the max.
But if I hadn't had my swing trade going, I would have entered on the 1H TF at the smiley icon (because the move down was really strong, so I would have looked for confirmation on a higher TF)
Also the 1H DB formed on the strong Weekly support.
Now we need to see if price can break through the strong sell fib levels and I am hoping Nvidia earnings will help with that.
Hope you had a good trading day! Over and out!
P.S. Note how price exactly respected the market pattern profit target theory market at C. (i.e. that price will move the same distance as the height of the market pattern, once the market pattern in broken). Price formed a rising wedge on the 4H TF and then broke downwards and moved the exact distance down as the height of the market pattern.
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
NASDAQ: SBC, Empowering the Growth of Aesthetic MedicalSBC Medical Group Holdings (NASDAQ: SBC) is making waves in the aesthetic medicine industry with its dynamic growth strategy and robust franchise model. Analysts at Zacks have set a target price of $15.40, reflecting confidence in SBC's ability to scale its operations and expand internationally. With a current share price of $6.80 (as of November 2024), the company presents a compelling case for investors seeking growth in an underpenetrated market.
Dominance in Japan’s Growing Market
SBC operates the largest network of franchised clinics in Japan, with 220 locations under various brands, capturing an estimated 31% market share. Despite its leadership, the Japanese aesthetic medicine market remains relatively untapped, with just 10% penetration. The company treated 3.9 million patients in 2023, a 26% increase from 2021, highlighting the growing demand driven by social media and demographic trends.
Comprehensive Solutions and Strong Financials
SBC's franchisees benefit from a comprehensive suite of services, including administrative support, marketing, procurement, and technology integration. These offerings enable clinics to focus on high-quality, affordable patient care while expanding their service portfolios.
The company’s financial performance reflects its growth momentum, with revenue reaching $193 million in 2023, up 10% year-over-year. A 5-year revenue CAGR of 24% underscores the scalability of its model, supported by a strong EBITDA margin of 42.5% and a robust cash position of $103.7 million.
Global Expansion Strategy
SBC’s international operations in Vietnam and California signal the early stages of a broader global strategy. The clinics cater to rising demand for popular treatments like liposuction and eyelid surgery, aligning with global trends in non-invasive and surgical procedures. With the global aesthetic medicine market projected to grow from $59.8 billion in 2024 to $81.7 billion by 2032, SBC is well-positioned to capture a significant share.
Outlook and Investor Potential
The $15.40 target price reflects optimism about SBC’s continued network expansion and revenue growth. While challenges like foreign exchange risks and competitive pressures persist, the company’s innovative approach and financial discipline mitigate these risks.
SBC Medical Group stands out as a growth-oriented player in a burgeoning industry. With its proven franchise model and strategic vision, the company offers investors an attractive opportunity to tap into the expanding global aesthetic medicine market.
USNAS100 / STILL BEARISH AREA !!!Technically:
The price did its retest to 20655 and dropped again.
So, Now it has a bearish area as long as trades below 20550 to get 20330
the retest possibility is till 20660; then stability below that level will remain a bearish trend.
Otherwise, stability above 20660 by closing 1h or 4h candle will attend a bullish trend toward 20860
Key Levels:
Pivot Point: 20550
Resistance Levels: 20660, 20860, 21070
Support Levels: 20330, 20130, 19950
Trend Outlook:
Bearish below 20550 and 20660
Bullish above 20660
NASDAQ targeting 25400 in the next 6 months. Don't miss this!!Nasdaq (NDX) hit this month our 20900 long-term Target, a level we called 3 months ago (August 12, see chart below):
As you can see, the index has been trading within a 2-year Channel Up and with the use of the Fibonacci Channel levels, we can determine on which phase of the Cycle we are.
Right now we are on the stage where the price has been rejected near the 0.786 Fib and pulled-back to the 0.5 Fib and the 1D MA50 (blue trend-line). This is exactly what took place from December 28 2023 to January 05 2024, i.e. during the previous Bullish Phase of the Channel. You can see that with the use of the Time Cycles, we can identify that the first such phase was on February 01 2023.
This is the phase that we've just completed and remarkably all 3 within the Channel Up completed a +20.88% rise. This further proves that the symmetry within this pattern is astounding. The larger Bullish Leg was completed on the previous two phases with a +49% and +48% rise respectively, so technically it is natural to assume that the current Bullish Phase (from the August 05 2024 bottom) will be completed on a +47% rise (-1% less than previously) at least.
This is why we're expecting to see 25400 as the next Higher High on a 6 month horizon.
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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 Intraday Review - Monday 18 Nov 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None
Directional bias - BUY. On the W TF, it can be seen that price finally broke through a resistance level that held strong for 6 weeks (marked by numbers). After price broke through, it is now retesting this level to see if resistance is now turned to support. This zone also represents the W and D 0.618 fib level (drawn from swing low at C. to swing high at D.) Because the Day and the Week fib levels are the same, we have a kind of TF confluence, which makes this level very strong. As the overall trend of Nasdaq is bullish, I choose to see last week as a massive retracement but not an overall trend change for Nas.
Morning analysis:
At this level (the W level highlighted in yellow), price is seen to start reacting to this level. There are DB forming on the 15min TF and the 30min TF. This gives me confidence that buyers are stepping in at this zone. Also, on the 4H TF we have not seen price retesting any of the higher level TF's, so a bullish move is expected to at least retest this bearish move.
As the day progressed:
Entered a buy at the hand icon (A.) - Confirmations:
1. Market pattern - DB formed on the 15min TF after touching the W+D 0.618 fib level.
2. S&R - DB formed right at the strong Weekly S&R level marked in yellow on the W view
3. Trend - price has finally started making higher highs and higher lows (indicating that price is ready to start moving up) and a buy is in the overall direction of Nasdaq - the trend is your friend
4. Fib - W+D 0.618 fib level touched + DB formed at 1H 0.618 fib level
Mental SL placed below green highlight.
Price moved up 1'200 pips and I secured my position at entry. I wanted to hold for a larger move because ultimately a DB formed on the 1H TF and the neckline was broken with a huge momentum candle. But price came back down and took me out.
I re-entered at the hand icon B. for a more swing trade kind of entry, because we have a DB on the 1H and the 4H TF. Mental stop placed at the thick pink line, which is about half the height of the DB. But it's a risky entry because the stop is soooo far below where price currently is. So a SL hit woud mean a big loss.
Hope you had a good trading day! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
NASDAQ: Touched the 4H MA200 and MACD Bullish Cross forming.Nasdaq turned neutral again on its 1D technical outlook (RSI = 49.926, MACD = 156.450, ADX = 29.632) as the price pulled back aggressively to the point that it reached the 4H MA200 again for the first time since the elections day. With the exception of Oct 31st, this level hasn't been touched since September 11th, as the trend is rising inside a Channel Up. The 4H MACD will form tomorrow a Bullish Cross, which has been an early buy signal on the previous bottoms. We expect a new bullish wave to begin. We aim again for a +6.80% rise (TP = 21,600) like the two bullish waves of the pattern.
See how our prior idea has worked out:
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NAS100 - Nasdaq will reach above 21,000?!The index is located between EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the index rises towards the two specified supply zones, you can look for NASDAQ sell positions with the appropriate risk reward. Nasdaq's buying position is in the demand zone after the continuation of the corrective movement, and considering the downward sentiment at the end of the week, it should be saved quickly.
China’s Export Restrictions and Their Impact on Global Supply Chains
• China Tightens Export Controls:
Starting December 1, China will implement new regulations to tighten export restrictions on critical metals and raw materials, including tungsten, graphite, magnesium, and aluminum alloys, essential for the technology sector.
• China’s Objectives:
These measures are part of a broader strategy to manage sensitive exports and protect national interests.
• Global Market Impact:
The new restrictions are expected to disrupt global technology supply chains and introduce volatility in related markets.
Zelensky’s Perspective on Trump’s Presidency
• Zelensky’s Comments:
Ukrainian President Volodymyr Zelensky stated that the war in Ukraine could end sooner if Donald Trump returns to the White House.
• Constructive Interaction with Trump:
Zelensky emphasized that Ukraine successfully communicated its vision for peace to Trump, and he observed no opposition from Trump regarding Ukraine’s stance.
• Implications of Zelensky’s Remarks:
These comments reflect Ukraine’s hope for continued international support to expedite the resolution of the conflict.
US Economic Forecasts
• Q3 Earnings Reports from Major Companies:
This week, companies such as NVIDIA and TARGET will release their third-quarter (Q3) earnings reports.
• Federal Reserve Rate Cuts:
Rick Rieder, Chief Investment Officer at BlackRock, predicts that the Federal Open Market Committee (FOMC) will cut interest rates by 25 basis points in December.
• The current Federal Funds rate range is 4.5% to 4.75%, which Rieder considers restrictive.
• Following the December cut, the Fed is expected to pause temporarily to reassess future adjustments.
Jerome Powell’s Statements and Market Reactions
• Powell on a Strong US Economy:
Federal Reserve Chair Jerome Powell highlighted the robust performance of the US economy, stating there is no urgency to lower interest rates.
• Cautious Approach to Rate Cuts:
Powell stressed that decisions should be made carefully due to uncertainties surrounding the neutral rate level.
• Market Reaction:
These statements reduced market expectations for a rate cut in December.
Intuitive Machines (LUNR) Investment Analysis Company Overview: Intuitive Machines NASDAQ:LUNR has made a significant mark in the space exploration sector with a successful lunar landing using its Nova-C lander, becoming the first U.S. commercial entity to achieve this milestone. This accomplishment showcases the company's technological prowess and positions it as a leader among private firms in the emerging space economy.
Key Growth Drivers:
Historic Lunar Landing with Nova-C Lander:
The successful Nova-C lunar landing has boosted Intuitive Machines' credibility, highlighting its capabilities in executing complex space missions. This achievement paves the way for further opportunities, especially in the context of increasing global interest in lunar exploration.
The feat has caught the attention of key stakeholders, including NASA, which may lead to new contracts and partnerships, enhancing revenue prospects and visibility in the industry.
Increased NASA Interest and Potential Artemis Program Involvement:
Following the historic landing, Intuitive Machines has seen growing interest from NASA, which may consider the company for upcoming missions under the Artemis program aimed at returning humans to the Moon.
Securing contracts as part of Artemis or other NASA initiatives would provide consistent revenue streams and solidify the company's role as a trusted partner in U.S. space exploration efforts.
Proprietary Technologies and Competitive Edge:
Intuitive Machines offers advanced proprietary technologies such as the Lunar Data Network and lunar GPS, which are crucial for navigation and communication on the Moon's surface.
These innovations not only give the company a competitive advantage but also open doors for new services and collaborations with other space industry players, potentially generating additional revenue streams.
Technical Analysis and Investment Outlook:
Current Price Level: We are bullish on Intuitive Machines (LUNR) above the $9.00-$9.50 range. This level indicates investor confidence in the company's growth potential, especially following its recent achievements.
Upside Potential: Our upside target for LUNR is $18.00-$20.00, reflecting the company's strong position in the space sector and the potential for new, high-profile contracts.
Support Levels: Strong support is observed near $7.50-$8.00, providing a cushion against potential market volatility.
Catalysts to Watch: Keep an eye on updates regarding new contracts or partnerships, particularly those involving NASA or collaborations within the Artemis program, as these could serve as key catalysts for further gains.
🚀 Intuitive Machines—Pioneering Commercial Lunar Exploration! #SpaceTech #LunarMissions #NovaC #ArtemisProgram
Weekly Forex Forecast Nov. 18 - 22: SP500, NAS, DOW, GOLDThis is the Weekly Forex Forecast for Nov 18 -22nd.
The Big 3 Indexes started to pullback last week from there elections fueled rallies. Patience is required, as we look for confirmations of a market shift from bullish to bearish.
Gold also retraced last week, and may may struggle against a surging USD. Patience here will benefit traders, as we wait until the market tips its hand.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NASDAQ Next weekPrice Running between Ascending channel and already
touches upper border and clear bos there
i expect price will fall down till bellow trend line
that is strong trend line in 4 Hour
However we have 2 scenarios. if price broken the below trend line
will fall to below imbalance around 19000 level. That means down border of channel
If price got bullish rejection near trend line price will rise around 2100 - 2200 areas.
waing to bullish or bearish confirmation and execute your trade. good luck
nasdaq to 20k?!good evening,
---
consider this post somewhat fictional for now, created more for entertainment purposes, but i want you to know that there are some serious data points which i'm going to bring up to build the case that the stock market has found a long term bottom.
---
~our monthly indicator is finally oversold for the first time since 2009 market low and is on the verge of crossing bullish.
~nasdaq is backtesting the monthly ichimoku cloud.
~0.382 cycle wave 4 target hit through a very complex correction .
~the monthly rsi has confirmed a hidden bear.
~the us dollar found a top and is headed down to about 80 bucks over this next year.
~us10y, topped out.
~fed might run out of money if they continue to press the markets.
~fear is at all time high.
~retail short positions are at all time high.
~and i'm buying everything.
---
the cycle w5 target on nasdaq sits at $20,000 and we could be in the early stages of beginning that ascension.
---
ps. take my words with a total grain of salt, as i could be very much dreaming here.
ps2. in my last big nasdaq post, i called the top, but was early by a few months. it also went a bit higher, so if i adjust the target with the current data, we have reached the 4th wave target successfully.
✌
GBPUSD FALLINGStill going down after already a huge drawdown ;
the blue lines are the main recent interesting KL, reaching it one by one, slightly bouncing then still going down seems like the next move ;
but it s the same as fibonacci, it might bounce harder on one and even change the whole trend to a new uptrend.
CHANGE OF DIRECTION FOR EURUSDAt first we thought it would keep going up, but it broke an important line on Friday before closing, which tends to show it keeps the bearish position ;
not sure about that tbh, but it seems too early to call a bearish trend for this pair, even though it might happen at some point soon ;
the next KL, LL and key lines will tell us if we're right or no.
BTC LATEWe thought it would go back up right now, but it turns out it made an unexpected line cutting (white cut line) ;
it s going towards the next LL KL, hitting some key points then going back up pretty quick before wednesday ;
it is now a smooth drawdown pattern, where it falls smoothly and calmly before hitting one big red candle.