SPECULATIVE TRADE DKNGmy considerations, I am very bullish on this stock both short-term and long-term, I think there will be a reversal this week, the first comrades, I watched, jumped as soon as the price touched MA50 :)
b.radikal.ru
a.radikal.ru
whether the rebound will be fast or slow, I will not say whether to gain a position gradually or decide all this at once depending on your goals, fix part of the position at $ 52.50 or $ 62.50 is also your choice, I believe that part of the position can be fixed for $ 62.50 leave the remainder for a long time, maybe the casino in each smartphone will shoot hard :) who knows
Speculative
LONG MUXA pure speculative play (companies operating efficiencies aren't the best) that has a return potential of 5X+. The long term chart (going back to the 80's!) looks primed to explode if all the 30 & 10 year descending trend lines get taken out, as well as the golden cross & the inverse H & S as noted in HI_DUTENGIN's post. The fundamentals of the company are OK (fairly strong balance sheet) & with the current macro outlook as well as the precious metals space in the first inning of its bull market, as well as how underexposed global investors are to the mining industry relative to history, this name with a relatively low market cap could absolutely rip (as seen in previous PM bull markets) on the back of big money getting into the space. Wouldn't hurt to allocate >1% of portfolio to this name (essentially a call option on the miners without the decay). PURE SPECULATION, macro fundamentals will be the wind at your back and will more likely be a inflows story with money chasing miners, rather than the company becoming profitable again.
SPECULATIVE OPTION TRADE SAVEBUY call option STRIKE 25$
24 Days to expiration on 2020-09-18
BID 0,15
ASK 0,20
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or BUY call option STRIKE 25$
52 Days to expiration on 2020-10-16
BID 0,55
ASK 0,60
Is Tesla overvalued ?Hello Traders,
I am back from holidays and a lot of action happened during the past month.
The SP 500 Future did hold the 3000 and broke above the 3150 to make a fresh high at 3290.
Dollar weakened due to the colossal amount of money printed by the FED and as a consequences pushed the GOLD to an All time high (Around 1950$).
So inflation is most likely to eat the value of your dollar and smart people are looking at the stock market as a way to protect their wealth.
Tech is profiting big time from this strategy and an outsider is also taking advantage of this fear, tech heaven oriented market aka TESLA . NASDAQ:TSLA
Tesla which is directed by Elon Musk who is seen as a modern hero is profiting from a big inflow of cash which in my opinion is due to several factors.
Fundamentally :
Pros:
1.Tesla is revolutionary in this way of making car as they aim for Powerfull electric driverless cars .
2.Demand for green and sustainable product are increasing after the Covid19 crisis, consciousness in the mass has apparently shifted for a greener economy..
3.Tesla is considered as a tech company even though they produce car, so they are also profiting from the flight to tech observed since march.
4.After the last earnings, it's seem that Tesla meets the requirements to be included in the SP500 Index and will profit of massive flow from ETFs.
Cons:
1.Tesla is barely profitable (Earning Per Share) is 1.14$ vs 1500$ Share Price .. (Source Investopedia)
2. Sells declined this year and might continue to do so if the real economy doesn't pick up
3. Valuation is way too big compared to the other big player in the sector as they are massively invested in EVs and will continue to do so.
4. Trade War with China could slow down the access to the Chinese market which is a huge factors in Tesla's future profitability in my opinion as China need more than anyone else this type of vehicules.
5.Classic Long/short market neutral Strategy becomes attractive to hedge fund to short Tesla and Buy all the others auto companies
6. SP 500 inclusion will take time
Technically :
1.Tesla return of 542.6% over the last 12 months, more than 60 times greater than the S&P 500's total return of 8.9%. All figures are as of July 20, 2020. (Source Investopedia)
2. Tech stocks are in overvalued and Tesla could come down if techs enters in correction or sector rotation.
Levels :
The stock holds on a daily support at 1374 $ and helped by the 20 days MA
On a weekly basis the stock is overextended and we could see a consolidation or even a sharp sell off to 1000 $
On a monthly chart a correction on the 650/700$ could be healthy which would be in line with others automakers market cap but still on top.
Always risk management according to the Trade probability
Speculative Contrarian Trade Idea :
if breakdown Short below 1374$
Stop 1500$ (Above the break)
Target 1000$ (Weekly Support)
Invalidation of the scenario would a break above the al time high (1800$) with the support of the SP500 and Nasdaq 100,
Thanks for reading,
Like if you like and/or leave a comment below to share new ideas,
Peace,
Cardano @ various price points using different fibsI am using the regular Pitchfork and the Inside Pitchfork to give us another angle of the possible future trajectory prices of Cardano. Remember that these are all speculative price possibilities and nothing here is intended as trading advice but mere speculative projections. As Bitcoin heads higher according to the Stock to Flow by Plan B, if Bitcoin reaches its potential target of $93,000 by middle or end of 2021 then Cardano could hit the projected price points as seen in the horizontal yellow trend lines. The different prices that I have here are $0.25, $0.75, $1,50, $3.50, and $5. This is a two-day chart.
Second wave hitting soon?Hi there beautiful person!
It has been an interesting week with some incredible money printing and movement in the markets, along with slow movement in BTC.
There is a lot of speculation around now, and I thought I could throw my 2-cent speculation into the bucket as well.
If you have the time and interest, I would appreciate if you read the whole article and pressed a like if you agree.
If not, then have a go at the summary and have a great week ahead of you and be safe!
Short summary:
Market in Post 2008 crash has not been recuperated and we still have a broken system. This combined that covid-19 is hitting/affecting all markets globally, dictate that this is nowhere near the 2008 scenario and incentives and strategies in that period will not be as effective in 2020 and 2021.
List of content:
This is not the same situation like in 2008, rethink your strategy
Second wave is coming
BTC can actually retest 3500 EURO area
BTC price will increase.
First is small changes to the chart:
Moved the resistant and support lines to better positions
Changed the view to weekly to see the overall trend better
Added the triangle from previous post.
This is not the same situation like in 2008, rethink your strategy
Many people out there are comparing this situation to the one we experienced in 2008, and are creating their strategies accordingly.
That might be a mistake that will cost them dearly and possibly miss out on some great return.
In 2008 it was "mainly" the banks that were hit, cause of bad house mortgage and liquidity. This scenario was rather local and did not hit the world on a global scale, an especially did not span on a lot of other market levels.
Although it did affect globally to some extent, it was more or less due to connection with US market and dollar that was the reason and not the reason itself.
the solution back then in 2008 was to print a lot of money and put them into banks, which worked to most extend; but did not fix it.
Post 2008, aka in 2020, we are still left with a "broken" system and a market that did not fully recuperate from previous crash; whilst the value in stock market is inflated, just waiting for a needle.
This time around, the catalyst/needle covid-19, has hit globally and equally across multiple market areas. This effect is therefore many magnitude greater because of snowball effects.
List of a few: Unemployment is up, number of companies is falling, uncertainty and fear is increasing in people, world wide Currencies will be devalued due to overprinting, consumer market is crashing, gold and copper value is short term lowered and miners cant afford to keep business running, etc
This time period we are in now will have different waves/effects, and value of different assets will react in those different waves.
Second wave is coming
First wave hit China first with total shut down of many important factories and airports, which did it tolls on the financial market and homes in China.
First Wave continued internationally and went towards Europe, and continued to US.
Second wave is now in beginning in China, where we will see the after-effect of first wave. This will further decrease the overall stock market and other assets (than in first wave) will start to gain momentum.
BTC can actually retest 3500 EURO area
It is because of this second wave that I believe that BTC will see a further decrease and possibly retest the 3000 Euro. One reason is that investors will need to sell off more to cover their losses in other assets.
BTC price will increase.
The retesting of 3500 EURO will not be a long lived level, because investors will want to buy into more BTC to diversify when the "real" after effect of helicopter money takes into effect.
BTC will probably stay within the triangle for some time, when it starts to increase in price; so watch for that 9000 resistant.
When? Somewhere around end of second wave, and that might be around end of summer or early fall.
Shortly after BTC is increasing it will kick off a new Alt-coin race.
Thank you very much for reading through all of this wall of text. Really hope you found it interesting and useful.
Please, stay safe and have a great week ahead of you.
The end of Bitcoin Speculative BubbleThis obviously isn't a technical analysis, but an example of what a blow-off would look like if it is indeed what we are going to experience (and i strongly believe we are).
We know that bitcoin is a speculative bubble, we know what a speculative bubble blow-off look like, we know that a bubble that takes 10 years to appear can blow-off in just a few months.
Take care of your money and most importantly of yourself and your family, don't stay in a sinking boat because of anger, fear or greed, take whatever loss/profit you made and get out of the biggest ponzi scheme ever created before it's too late ;)
Comparing to history? - just a speculation...
- If history repeats itself, then breaking below the S/R swap which we are at now, will break the e50 as well...
- If this happens, then the correction below e50 on before last halving went crushing down all the way to s/r of before this *echo bubble* run started....
Which means in our scenario, if this happens, then our target is: 5500
* History don't have to repeat itself 😜
But this is just a *red alarm* for you guys to be alerted about and prepare....
I'm a probabilities guy, so I never say never ❤️
- Another scenario (Less drastic, more likely, and fits too my last analysis):
-
- If history repeats itself, then breaking below the S/R swap which we are at now, will break the e50 as well...
- If this happens, then the correction below e50 on before last halving went crushing down to next S/R
Which means in our scenario, if this happens, then our target is: 8300
* On both scenarios, PA matters, so if we go below e50, expect a nice correction from there =D
* Pro tip: Never short a bullish trend, only ladder down longs at important support levels.