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Possible SO Buying PointMomentum on the daily is moving favorably though the stock didn't hold the engulfing pattern. RSI corroborates the downward trend with most recent standing of "oversold" as it touches the 200 SMA. I'm looking at a bounce off the 200 SMA over the next couple weeks to hold the upward trajectory SO's held since May 2020. If we can't hold the 200 SMA this week I'm looking for a downturn toward ~$57.00 I'll be looking to add to my position this week if things still look relatively strong Thursday.
NYSE:SOLong
by forever_green
Bitcoin Accumulation or More Pain to Come?As I've been saying. The best case scenario for Bitcoin during these upcoming months is to hold and stay above the crucial $30,000 level of support. Our worse case scenario is having daily and weekly candle closes below $30,000. Looking at the monthly chart we're approaching bearish divergence on the MACD and most likely will diverge. The question is can $30,000 continue to hold as the market continues to slowly sell off. How much more fearful can we get? We are now back at the bottom of this channel once again. As long as we're at these levels expect Bitcoin to come back down and re-test the lows $28,750. This is nothing we haven't already seen. I can smell the fear, uncertainty, and doubt through my screen every time we range back down in the lower $30ks. A couple things to keep in mind: * On the Fear & Greed Index Bitcoin has been extremely fearful since May 14 and we continue to remain extremely fearful. * This is the longest time in Bitcoins history we've been in a prolonged state of extreme fear. * A Death Cross (200 day MA going below the 50 day MA) has already formed on June 19th. * Bearish Divergence is approaching on the monthly MACD. * Google Searches for Bitcoin are at a 7 month low. * Unlike the 2017 market top & crash its confirmed that Bitcoin has been in a Wyckoff Distribution schematic. Which indicates there's big money, wall street, and major financial institutions are more directly involved in this market than ever before. *It has so far been evident that Bitcoin between $28,000 - $31,000 have been very hot accumulations zones for whales. Of course that can always change. *If we can't hold $30,000 then $20,000 may be our next stop. This current market sentiment and fear will not be here forever. When we're very greedy then becoming extremely fearful becomes greater over time. After we've exhausted being extremely fearful then our human greed over time slowly starts to build up again. It is a constant back and forth. We will come out of this period more resilient than ever. I do believe we will probably remain sluggish for the next couple of months if there's no decisive break to the downside just looking at the monthly charts. How low do we go? Nobody knows we need to take this day by day and week by week. Don't forget the underlying power that you have by owning Bitcoin. You are you're own bank. You have digital property and freedom outside of our corroding financial system. Bitcoin is a powerful technology that monetizes peace, fairness, and mathematical integrity in economics. This is why its a big deal and will not go away. Much peace, love, health, and wealth.
COINBASE:BTCUSDLong
by peacefuljustin
China Mobile Reduces the Power Consumption of 5G Base StationThe large operator has built more than 50% of the 5G base stations in the world. In July 2021, China Mobile announced that the power consumption of the 5G base station had been reduced to a figure amounting to about three times that of the 4G base stations, about 1900W. The energy consumption of a single station was more than four times that of a 4G station in 2019. At that time, according to China Mobile, a single 4G base station required about CNY 20,000 operating fees per year, while a 5G base station required about CNY 55,000. Even as the technology becomes more widespread, high power consumption continues to be an important factor hindering the development of 5G. In the future, the company hopes to further reduce the energy consumption of 5G base stations through the use of new technology layers and devices. The company's goal is to reduce the peak power consumption of 5G base stations to twice that of 4G by 2025. By the end of March 2021, the number of 5G base stations in China had reached nearly 820,000, accounting for 70% of the 5G base stations in the world. Among them, China Mobile accounted for half, with 410,000 stations. At present, the number of 5G user connections in China exceeds 280 million, accounting for 80% of global 5G connections. Overall, the reduction of energy consumption has serious strategic meaning for the Chinese 5G industry.
HKEX:941Long
by EqualOcean
1
Balance Of Power From ScratchHello, traders! As you know it's very important to identify the balance of bulls and bears. Today, we introduce you one of the most pretty and easy-to-interpret tools - Balance Of Power Oscillator. Balance of Power (BOP) is an oscillator that measures the strength of buying and selling pressure. Introduced by Igor Levshin in the August 2001 issue of Technical Analysis of Stocks & Commodities magazine, this indicator compares the power of buyers to push prices to higher extremes with the power of sellers to move prices to lower extremes. When the indicator is in positive territory, the bulls are in charge; and sellers dominate when the indicator is negative. A reading near the zero line indicates a balance between the two and can mean a trend reversal. The Balance of Power indicator shows the direction and extent of price change during the trading period. Like most oscillators, the Balance of Power indicator can be used to identify trends, divergences from price, and overbought/oversold conditions. Zero-line crossovers provide buying and selling signals. Possible Signals Zero-Line Crossovers The scale of this oscillator ranges from -1 to +1, with 0 as the centerline. Zero-line crossovers indicate a move into positive or negative territory, and are often used as buy or sell signals. A cross above the center line generates a buy signal, and a cross below generates a sell signal. The data is smoothed with a moving average in order to reduce the number of whipsaws. An SMA with more periods reduces the number of false crossover signals, but also reduces the responsiveness of the indicator. While the main signal provided by the Balance of Power indicator comes from zero-line crossovers, it can also be used to determine the trend, look for divergences in price, and identify overbought/oversold securities. Trend identification A rising BOP line indicates an upward trend and a falling BOP line indicates a downward trend. The zero-line crossover confirms the trend change. Divergences with Price When price makes new highs but BOP doesn't, that is a negative divergence; when price makes new lows but BOP doesn't, that is a positive divergence. These divergences can foreshadow a change in trend. Conclusion The Balance of Power (BOP) indicator uses price to measure buying and selling pressure. It determines the strength of the buyers and sellers by looking at how strongly the price has changed, rather than using volume. As with all indicators, traders should use the Balance of Power indicator in conjunction with other indicators and analysis techniques.
Education
by Skyrexio
1
Southern Company Stock Analysis (SO)Basic Facts: Southern Company is itself a holding organization who owns all of the Common Stock for Alabama Power, Georgia Power, Mississippi Power, and Southern Gas; all of which are publically operating utilities. Southern’s other holdings include Natural Gas Distribution, Marketing, Wholesale services, and pipeline investments. Growth Factors: The total customers served under Southern’s (SO) area are about 4.5 million. This looks to be one of the largest areas of growth for the next decade. The recent pandemic has forced many people to re-evaluate what they want out of life. Contemplation has resulted in a mass exodus from northern states to southern states (see census data) as many freedom sensitive and financially cognizant individuals seek more accommodative socio-economic environments. I see this trend to continue as COVID transforms from a persistent threat to a source of past-trauma and driver of personal reflection. The trend of “realization” will, in all likelihood, continue and grow to a nexus in the next couple years. This may well increase Southern’s customer base by an order of magnitude over the next decade. The number of customers will grow until economic pressures force northern and liberal states to seek conformity with their more free counterparts. I think these pressures will need to persist for ten years before changes in these sates become apparent enough to soften demand for family and individual relocation. Demand for Green Energy isn’t subsiding. Common notions of “green” energy typically involve: Solar, wind, and natural gas. Southern has a large presence in the Natural Gas industry along with very accommodative infrastructure and buy-back policies for solar generation. Political environment and other entities with SO’s area (Transmission entities, EMC’s, and Power Co-ops) are also accommodative to Solar Generation through buy-backs and Green Energy purchasing programs. These will bode well against the persistent narrative in favor of green energy. SO’s interest in the Vogtle Units 3 and 4 also paints a very good picture for the future of net-zero carbon emitting generation. Commonly repeated negativity surrounding the numerous cost over-runs and delays surrounding construction of the Units are, in my opinion, vastly over-stated. The new Vogtle Units are state-of-the-art (new cooling technology and new style Westinghouse alternator). Most of what’s being done at Vogtle has never been done before in scope, scale, or timeline. The bankruptcy of Westinghouse (the manufacturer of the alternator used for Units 3 & 4) also stretched expected completion date. Considering these pressures, miscalculations in costs and timelines are to be expected. However, I believe most investors have priced in delays within the present stock’s price (~$61.00 per share). I treat the inclusion of expanding Nuclear generation in my bullish assessment of Southern’s stock because, as the amount of traditional green energy (Solar and Wind) increases as a percentage of effective generation, it will become painfully clear the system becomes more fragile in exponential proportion to the amount of “green” generation expressed. Protecting the system against itself when this proportion of expressed green generation is large remains an evolving science. Many substations are adding high-voltage reactors to provide inertial frames for fault detecting relays but this will likely not be enough to appropriately protect the electric system. This will make classic rotating machines (steam turbines) necessary to provide base-generation and system stability (this is not opinion, but fact). Nuclear power is also cheaper to generate though maintenance costs can be substantive (there are few things more complex than steam turbines). This will create an economic pressure for Southern to generate more power through their nuclear units as other utilities looking to buy power off the wholesale markets demand the cheaper energy (this is my opinion). Monetary Environment: In the age of Central Bank debt jubilation it’s always appropriate to consider the actions of the Federal Reserve into one’s evaluation of American equities. This is no different for my evaluation of Southern Company. The Fed has provided markets with liquidity ad nauseam. This was true even before the repo crisis of summer 2019 and the liquidity crisis of March 2020. Looking at the chart, one can see the precipitous rise of SO’s stock price throughout 2019 as the Effective Federal Funds Rate (in purple) decreased rapidly in the aftermath of the “taper tantrum” in 2018. As the Fed has driven down the effective interest rate and costs of capital, investors can expect more capital appreciation for each dollar invested into financial markets. This has resulted in speculative waves in tech and other growth sectors which themselves have bred things like “meme stocks” and ESG investors. Narrative and “hopium” have become more significant than cash flow and asset valuations. This fact makes my present valuation of most equities included within the S&P remarkably over-bought and “bubbly” (death-gaze on TSLA). Over time, debt can never remain solvent at the present levels. The Fed will have to taper eventually and, once it does, capital will fly at super-sonic speeds away from growth investments (Amazon, Apple, Tesla, NVidia, and the tech industry as a whole) to value investments, like SO. This will not necessarily result in a rise in the stock’s price but those who are already positioned in value stocks once the Fed tapers will sleep easily. Stock Price: I expect the utility sector to languish through the summer as monetary conditions will remain accommodating throughout the rest of 2021. I don’t expect a rise of the stock price above $67.00 throughout the summer with no breakout above $70.00 for 2021. The short-term trend of SO is bearish with the equity in a noticeable downtrend. However, SO is approaching the lower bound of a regression trend with a buy price of $60.50. A longer-term regression trend shows a bullish trend with the present price approaching the lower bound of that trend as well. SO will need to hold $60.00 as a resistance. If this resistance fails the next price target would be $57.35. My longerm (3-10 years) valuations is: BULLISH
Editors' picks
NYSE:SOLong
by forever_green
5
$GPX June Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* We have had eyes on $GPX for some time now. $GPX provides training, e-learning solutions, management consulting, and engineer services to the following companies: Automotive, financial services, insurance, steel, oil, gas, power, chemicals, electronics, education, software, healthcare, retail, food and beverage industries, as well as government agencies. A large portion of the industries that $GPX provides services for are currently on the rise. $GPX has been handling their financials spectacularly and have paved a way for a bright future if their operations continue to run smoothly. My team has been scoping for a long $GPX entry for the past few weeks, and we have finally found our target. We're entering $GPX tomorrow morning 6/15/21 at $16.09 per share. Entry: $16.09 First take profit: $19.5 2nd take profit: $23 Stop loss: $15.25 If you want to see more, please like and follow us @SimplyShowMeTheMoney
GLong
by SimplyShowMeTheMoney
BASICS OF SAVING & INVESTMENT | RULES YOU SHOULD NEVER BREAK Debt and living on credit is a universal norm. While the "wisest" among us are trying to persuade themselves how they "hack" the system buying on credit card smartly, the richest among us keep following totally different commandments . You must remember that debt makes you dependent , it makes you submissive to the system. To become truly free and wealthy, here are the simple rules that will change your life if you follow them: 1 - Spend less than you make 2 - Do not save what is left after spending, but spend what is left after saving 3 - Invest the rest in the industries that you understand 4 - Never borrow to invest 5 - Stop trying to get rich quick 6 - Never let your emotions intervene 7 - Patience pays The rules by themselves are very easy and straightforward, however, most of us are not disciplined enough to follow. Learn them, try them, practice them and one day you will become free! ❤️Please, support my work with like and lovely comment!❤️ It truly helps! Thank you!
COINBASE:BTCUSDEducation
by SignalProvider
8
Why The Rich Get Richer. It Is Your CHOICE What is the difference between the rich vs poor mindset? How do the successful differ from the rest of us? So many people do not obtain financial freedom because they do not have one thing: the right mindset. Everything starts with how you think about money, wealth, and success. It is not a matter of luck, birth, or connections. The biggest differences between rich and poor people can be traced back to mindset, outlook, and behavior. The rich and the poor don’t only differ in how much they have in their pocket, but also in how they think. Rich people have a way of thinking that is different from poor and middle-class people. They think differently about money, wealth, themselves, other people, and life . By doing so, you will have some alternative beliefs in your mind from which to choose. In this way, you can catch yourself thinking as poor people do and quickly switch over to how rich people think. A positive attitude, focusing on doing the right thing overlooking good, becoming a continual learner and careful risk management are all differences between the rich and poor. This reduces their odds of becoming poor after disaster strikes, and it helps them achieve their financial goals over the long-term. A rich mindset will tell you to be self-sufficient & build multiple streams of income . It will tell you to build a team of smarter people than you to leverage the efforts of talented people. The mindset of the rich is the most decisive reason why “the rich keep getting richer, while the poor get poorer.” Bill Gates has been quoted as saying, “If we weren't still hiring great people and pushing ahead at full speed, it would be easy to fall behind and become some mediocre company.” So, which mindset do you have? ❗️Please, support this idea with like and comment! Thank will help a lot! Also, subscribe to my social networks, the link is below!❗️
Education
by SignalProvider
14
Summer pool play LESLGo long LESL. Play on pools and increased home-ownership/pool installations over the pandemic. The upward channel has remained intact despite the market-wide correction. Could be a good trade for the summer and possibly beyond depending on how the company performs and the quality of the earnings/growth reported since it did just recently start trading publicly. The current chlorine shortage and pent-up demand for more pools will give Leslie's pricing power. It is also under-owned based on RSI with MACD looking ready to bottom-out and head up for a bullish MACD cross.
NASDAQ:LESLLong
by EBITDAtiger
MASS ADOPTION BEATING SELLING POWERS - FUTURES - BTC - DAILYWe have observed possible very strong selling powers trying to influence the prince in the bearish direction. The red arrows are showing when strong selling power have possibly failed. Green arrows are showing some strong buying responses. Other bullish responses exists but are continuous drawing the hypothesis of small investors entering the market at those very high prices. The power of believe in cryptocurrencies and their future utility in the society brings more and more people in. The blue trending line is probably showing the trend of BTC. Dollar cost averaging is likely to be a good strategy to accumulate and benefit the most of it. More and more companies are studying the possibility of adding BTC Bitcoin to their balancesheet.
CME:BTC1!Long
by Diallo_Charts_Ideas
REEF recovering power after Sam Trabucco's FUD attack.As you can see, REEF defeated the Sam Trabucco's FUD attack. This is not the first time that REEF got fud-attacked, and always the crypto defeats these criminal people. Why they attack REEF? Because they feel envy and fear by the great potential this project has, and the very good person and CEO that Denko is. Now, you can see why is too important keep calm and NEVER sell when a FUD attack comes to your crypto. This is a very great experience for all. Don't worry, REEF will go to the moon. If you are out of REEF, buy it right now and add to your portfolio; this is one of the most important and powerfull crypto projects right now.
RLong
by BullSecret
2