KPI GREEN Stock Plummets – All Short Targets Smashed in 15-MinKPI GREEN Stock Technical Analysis:
KPI Green on the 15-minute timeframe has completed its short trade with a clear break below the Risological dotted trendline, and all targets have been successfully hit.
Key Levels:
Entry: 811.55
Stop Loss (SL): 820.70
Target 1 (TP1): 800.25
Target 2 (TP2): 782.00
Target 3 (TP3): 763.75
Target 4 (TP4): 752.50
Observations:
The price respected the resistance offered by the Risological trendline and steadily declined.
Bears are in control, with the stock making lower highs and lower lows throughout the session.
The short trade played out perfectly for KPI Green, hitting all predefined targets. Watch for potential consolidation or further breakdown below TP4 for more opportunities.
Stocksignals
CHEVRON Ideal sell at the top of the 2-year Channel Down.Chevron (CVX) has been trading within a long-term Channel Down since the November 14 2022 High (almost 2 years). The price is currently on a 4 week rejection streak on the 1W MA50 (blue trend-line) but despite the selling pressure, it closes every 1W candle flat, refusing to decline.
This is most likely the same accumulation/ pull-back phase that the previous two Bullish Legs went through upon testing the 1W MA50. They both eventually broke it and peaked at the top of the Channel Down.
We expect a similar peak within the 1W MA100 (green trend-line) and the 1W MA50. Once the 1W RSI also peaks and starts reversing (red arc), we will sell and target 132.00 (just above the 1.236 Fibonacci extension).
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Dixon's Bearish Breakdown – All Targets Smashed!DIXON Stock Technical Analysis:
In the 15-minute timeframe, Dixon saw a short trade entry at ₹15,199.60, with prices moving decisively lower, hitting all the predefined targets.
Key Levels:
Entry: ₹15,199.60
Stop Loss (SL): ₹15,349.80
Target 1 (TP1): ₹15,013.95
Target 2 (TP2): ₹14,713.50
Target 3 (TP3): ₹14,413.10
Target 4 (TP4): ₹14,227.45
Observations:
The price plunged after a clear rejection below the Risological dotted trendline, confirming the downtrend.
Dixon met all short targets as it continued its bearish trajectory.
This short trade capitalized on a strong breakdown, with all targets being successfully hit. Traders should remain cautious as the bearish momentum might be slowing down, offering potential reversal signals ahead.
TESLA Have today's upbeat earnings erased the Robotaxi disaster?Tesla (TSLA) reported yesterday third-quarter results that beat Wall Street estimates and said it expects to achieve "slight" growth in deliveries this year. This was enough to send the price in an after-market frenzy and so far in-session rising almost by +20%.
In fact, Tesla's market cap has increased by $126B today, the largest single day jump ever! Those earnings may prove to be pivotal for the automaker as they come just a few days after the Robotaxi event, which the market considered disappointing.
So can those earnings result be enough to reverse Tesla's fortunes, which has been massively underperforming relative to (particularly) the rest of the Magnificent 7? Well this can be answered through a technical perspective, with a chart that we published more than 2 months ago (August 15, see chart below):
That was Tesla's Channel Up since the January 06 2023 market bottom on the 1W time-frame, where we caught a buy just after the August 2024 Low. We projected that to be halfway through the new long-term Bullish Leg of the Channel. The recent October correction can be viewed as the April 24 2023 2nd wave of the mid-term pull-back of the Bullish Leg.
On the current analysis we view the same pattern but on the 1D time-frame, where the 1D MACD in particular excels at illustrating the identical nature of the two Bullish Legs price actions.
Right now the MACD is forming the 2nd clean Bullish Cross under the Lower Highs belt, a formation which on May 04 2023 turned out to be the confirmation that started the 2nd phase of the Bullish Leg that completed a +195% rise from the January 2023 bottom.
As a result, not only do we expect the stock to reach Resistance 1 (299.50), which is the July 19 2023 High before the year ends but also test Resistance 2 (385.00), which is the April 05 2022 High by January 2025.
Our Target long-term remains a straight up $380.00 as we pointed out those months back.
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COCA COLA bottomed. Get ready for a +20% rally.Last time we looked at the Coca-Cola Company (KO) was at the end of the previous year (December 07 2023, see chart below), giving a buy signal, which eventually hit our $62.00 Target, even though it had to take longer than we expected:
This time, the price action is giving us yet again a very strong buy signal as the price rebounded yesterday exactly on the 0.236 Fibonacci retracement level of the 1-year Channel. At the same time, so did the 1W RSI, reversing upwards below its MA level, consistent with the previous two bottoms of April 12 2024 and October 06 2023.
Based on the lowest rally we had within this Channel, we expect Coca Cola to rise by at least +19.45%, setting our Target at $79.70.
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GANDHAR OIL BUY NOW Stock Name - GANDHAR OIL REFINERS
Trend - Uptrend Focus on Buy
Good Fundamentals take this stock .
Trade Reason :
Day - Uptrend and Complete Correction at Golden ratio Level 0.618 .
1Hr - Trend Reversed - Confirm the Entry .
Entry - 225 Rs
Stoploss - 217 Rs
Target - 244 Rs
Happy Trading ...
WE GOT A 5/5 TRADE SETUP ON MBLY. LARGE MOVE INCOMING! NASDAQ:MBLY
🖐️WE GOT A 5/5 TRADE SETUP ON MOBILEYE.
My trading strategy consists of 5 Indicators:
1.) A clear and clean Charting pattern setup.
✔️For this chart that is a symmetrical pattern.
2.) A Volume Gap to fill and strong buying area.
✔️ Clearly sitting on a large "Volume shelf" - JW
3.) The MACD up trending. Crossing Zero line=Bullish
✔️ We are indeed up trending and a Zero line crossing is imminent for this chart.
4.) Stochastic rising and making higher lows.
✔️ Up trending and just crossed the middle RSI band. Higher lows are being made on this chart.
5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or down through upper band.
✔️ Clearly had a red through yellow flip and are up trending on this charts stochastic heading toward Lower band.
Bonus: We are staying above the 50MA and about to have the 25MA cross upward through the 50MA as well (BULLISH Signal). Finally, I've been following this stock for awhile now and every market open we get a massive amount of short volume in order to try and drive down the stock and get the 20% of shareholders who aren't NASDAQ:INTC to sell them their shares for them to cover at lower prices.
I hope you enjoyed it!
Like ❤️ Follow 🤳 Share 🔂
NASDAQ:QQQ AMEX:SPY AMEX:IWM NASDAQ:TSLA NASDAQ:ENPH NASDAQ:SBUX NYSE:MCD #Stock #stocks #Stockmarket #EarningsReport #TradingTips #investing #investingideas
MPHASIS Surges! TP 2 Hit, Targets in Sight!Technical Analysis:
Mphasis has been on a bullish move, as seen on the 15-minute timeframe. After a solid long entry at 3021.90, the price action has been steadily climbing, supported by the Risological Dotted Trendline, which signals continued upward momentum.
Key Levels:
Entry: 3021.90
Stop Loss (SL): 2993.70
Target 1 (TP1): 3056.75 ✅ (Hit!)
Target 2 (TP2): 3113.10 ✅ (Hit!)
Target 3 (TP3): 3169.50
Target 4 (TP4): 3204.35
Observations:
The price has already reached TP2, confirming the strong bullish momentum.
Momentum supported by the Risological Dotted Trendline shows the possibility of further targets being achieved.
With TP2 hit and momentum intact, Mphasis is showing strong signs of hitting higher targets. Keep an eye on the next resistance levels at TP3 and TP4 for continued gains!
ZensarTec Ready to Rally! Waiting for Targets to Fire!Technical Analysis:
ZensarTec on the 15-minute timeframe is poised for a long trade after a solid entry signal. The price is currently moving upward, following the support from the Risological Dotted Trendline, confirming the strength in momentum.
Key Levels:
Entry: 680.00
Stop Loss (SL): 658.20
Target 1 (TP1): 706.90 (Next target)
Target 2 (TP2): 750.50
Target 3 (TP3): 794.05
Target 4 (TP4): 821.00
Observations:
The price has recently shown signs of strength, bouncing off the Risological Dotted Trendline and gaining bullish momentum.
With volume support, the price is likely to hit the initial target of TP1 soon, potentially leading to a cascade of target completions.
ZensarTec is gearing up for an upward breakout as it tests its first target. Watch for TP1 to confirm and the possibility of higher targets being hit as bullish momentum builds. Stay tuned for a strong price movement ahead!
GENERAL MOTORS rally expected ahead of major 1W Golden CrossGeneral Motors (GM) is close to a Golden Cross on the 1W time-frame, which is a major bullish development as since its first trading days in November 2010, it has only been formed twice.
The first one was on the week of June 19 2017 and second on March 29 2021. In both cases, the price rallied aggressively and reached the 2.0 Fibonacci extension of the pull-back that took place before. On top of that, its last two lows and the August 05 in particular, tested and successfully held both the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line).
As a result, we expect the price to extend the rally and target at least $65.00.
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MAZDOCK Short Trade Smashes TP1—More Targets Await!MAZDOCK (15m time frame), Short Trade
Entry: ₹4,451.90
Current Price: ₹4,205.85
TP1 Hit, Waiting for Lower Targets
Key Levels:
Entry: ₹4,451.90 – Positioned after confirmation of bearish trend on the 15m time frame, supported by price moving below the Risological Dotted Trendline.
Stop-Loss (SL): ₹4,650.95 – Placed above recent resistance levels to manage risk in case of reversal.
Take Profit 1 (TP1): ₹4,205.85 – Already hit, confirming downward momentum.
Take Profit 2 (TP2): ₹3,807.75 – Next target, indicating further potential bearish continuation.
Take Profit 3 (TP3): ₹3,409.65 – Further downside target as selling pressure builds.
Take Profit 4 (TP4): ₹3,163.60 – Final target for extended bearish trend.
Trend Analysis:
The price has decisively broken below support and maintained its position under the Risological Dotted Trendline, confirming strong selling pressure. After TP1 was hit, the trade shows continuation of bearish momentum, with further targets likely to be reached as the trend develops.
BANK OF AMERICA Short-term buy signal.Last time we gave a signal on the Bank of America Corporation (BAC), was exactly a year ago (October 11 2023, see chart below), with the stock giving us a highly profitable buy trade, hitting the $44.00 long-term Target:
This time our focus is on the shorter term 1D time-frame where the stock is forming a Bullish Megaphone similar to the one in January - March 2024. Currently the price is pulling back (blue circle) and the symmetric pattern of mid March 2024 suggests that it should now rebound towards the 2.0 Fibonacci extension.
As a result, we are turning bullish mid-session, targeting $44.00 (above Fib 2.0 and below Resistance 1).
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WAAREE Short Trade Targets in Play, Massive Drop to 1571!WAAREE (15m time frame), Short Trade
Entry: ₹1,763.00
Current Price: ₹1,571.00
All Targets Done!
Key Levels:
Entry: ₹1,763.00 – After confirming a strong bearish signal, short entry was executed.
Stop-Loss (SL): ₹1,767.60 – Placed above key resistance to protect against potential reversals.
Take Profit 1 (TP1): ₹1,757.30 – First target triggered, confirming downward movement.
Take Profit 2 (TP2): ₹1,748.10 – Critical support level broken.
Take Profit 3 (TP3): ₹1,738.90 – More aggressive downside level confirmed
Take Profit 4 (TP4): ₹1,733.25 – Final target hit for deep correction in this trend.
Trend Analysis:
WAAREE’s price continues to plunge after a decisive break below multiple support levels, confirming strong selling pressure. With the current price at ₹1,571, this trade has captured a significant move, with further downside potential still in play.
BlueStarCo Soars from 747.95 to 1926: All Targets Reached!BlueStarCo has shown a remarkable bullish run since entering at 747.95 on 6th September 2023. The price has not only reached all take profit targets but also surged far beyond expectations, currently trading at 1926.
Key Levels:
Entry: 747.95 – This marked the point where the bullish momentum took hold.
Stop-Loss (SL): 724.85 – Positioned below the entry to minimize downside risk.
Take Profit 1 (TP1): 776.55 – Reached early in the trade, confirming a strong start.
Take Profit 2 (TP2): 822.80 – Hit as the upward momentum continued.
Take Profit 3 (TP3): 869.10 – Met, indicating strong sustained buying pressure.
Take Profit 4 (TP4): 897.65 – Final target hit, followed by a significant price surge beyond all targets.
Trend Analysis:
The price action has been well-supported by the Risological dotted trendline, confirming a consistent uptrend. The continuous rise from the entry point shows no signs of reversal, with the current price sitting at 1926, nearly doubling the initial entry value. Traders who held on to this trade have seen tremendous returns, and further gains are still possible as the momentum remains strong.
US30 (H1)The Dow Jones index was able to close the week with great positivity.
Therefore, we are looking forward to buying from levels 42905 in case we get confirmation of price action from this level with a stop loss of an hourly candle below 42736 with a first target at levels 43308, 43500 and 43688.
Second scenario: If the Dow Jones index corrects deeply without price action signals that support the rise, we look forward to buying the second, which is the strongest, at levels 42594 and stopping at levels 42368 and holding below it for an hourly candle.
With targets at levels 43174, 43306 and 43500
Titagarh Rail systems catching the train. Titagarh Rail Systems Ltd. operates as a holding company, which engages in the manufacture and sale of freight wagons, passenger coaches, and steel castings. It operates through the following segments: Freight Rolling Stock, Passenger Rolling Stock, Shipbuilding, and Others. The Others segment includes miscellaneous items like specialized equipment's for defence, bridge girders, tractors, and others.
Titagarh Rail Systems Ltd CMP is 1197.50. The positive aspects of the company are Company with Low Debt, Rising Net Cash Flow and Cash from Operating activity, Annual Profit Growth higher than Sector Profit Growth AND Strong Annual EPS Growth. The Negative aspects of the company are High PE (PE=55.3), High promoter stock pledges AND Companies seeing significant coronavirus impact.
Entry can be taken after closing above 1283. Targets in the stock will be 1338, 1509 AND 1596. The long-term target in the stock will be 1710, 1795 AND 1876. Stop loss in the stock should be maintained at Closing below 1049.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Kopran can climb further. Kopran Ltd. is a holding company, which engages in the manufacturing of pharmaceuticals and related products. It operates through the following business units: Formulations, and Active Pharmaceutical Ingredients. The firm's products include Amyn, Lokit, and Ciproquin.
Kopran Ltd CMP is 320. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding, Annual Profit Growth higher than Sector Profit Growth AND Mutual Funds Increased Shareholding in Past Month. The Negative aspects of the company are Declining Net Cash Flow : Companies not able to generate net cash AND Stocks in the sell zone based on days traded at current PE and P/BV.
Entry can be taken after closing above 321. Targets in the stock will be 330 and 342. The long-term target in the stock will be 352 AND 368. Stop loss in the stock should be maintained at Closing below 291.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
What America Does with Its Money ? 🇺🇸 Decoding America's Spending: A Deep Dive into Government Finances
This topic has been on the horizon for a while, and I think many new traders will be pleased to see it so LFG
Just like a business, the government has its own financial records :
💰 Money comes in (primarily from taxes)
💸 Money goes out (to fund a variety of programs)
With an expected gross domestic product (GDP) of nearly $29 trillion in 2024, the US remains the world’s largest economy, surpassing China’s $18.5 trillion.
However, the US government isn’t exactly profitable. In fact, it’s been consistently running a growing deficit, raising concerns about its long-term financial stability.
As a general election approaches, it's more important than ever to understand how the US generates and spends its money. So, let’s dive into the details
Here’s a quick overview:
- Revenue: A deep dive into taxes
- Spending: Powering the nation
- Bottom Line: Operating costs & the deficit
- National Debt: A mounting challenge
- The Future: America's financial outlook
1. Revenue: A Deep Dive into Taxes
The US government operates on an enormous scale, and like any large organization, it requires a consistent stream of income to stay functional. However, unlike businesses that sell products or services, the government generates revenue primarily through taxes and fees
In fiscal year 2023, the federal government collected an astounding $4.4 trillion
So, where does all of this money come from? Let’s take a closer look:
👥 Individual Income Taxes:Nearly 50% of the government’s total revenue comes from individuals. Every time you receive a paycheck, a portion is automatically sent to Uncle Sam. This also includes taxes on capital gains from investments.
🏦 Social Security and Medicare Taxes: About 36% of revenue is generated from these taxes, which support programs like Social Security and Medicare for retirees and older adults. It’s a system where current workers help fund benefits for those who have already retired.
🏢 Corporate Income Taxes:Around 10% of the total revenue comes from businesses, which contribute a portion of their profits to the federal government. This is reflected in the income tax provisions that companies report.
🧩 Other Revenue:The remaining ~4% is sourced from various channels such as excise taxes (extra charges on goods like alcohol and tobacco), estate taxes, customs duties, and even fees collected from national park visits.
2. Spending: Powering the Nation
Now that we’ve seen how money flows into the US Treasury, it’s time to explore the exciting part figuring out how it’s spent. The US government faces the enormous responsibility of keeping the country functioning, covering everything from national defense to healthcare and infrastructure. And that demands a massive amount of spending
In fiscal year 2023, the federal government's net cost was $7.9 trillion, which is almost as large as the combined GDP of Germany and Japan the world’s third and fourth largest economies!
-Outlays vs. Net Cost:In FY23, total outlays (the actual cash spent) reached $6.1 trillion. Outlays refer to the cash disbursements, while the net cost also includes accrual-based accounting adjustments, such as changes in the future value of federal employee retirement benefits.
Who’s Deciding Where the Money Goes
So, how does the government determine how to allocate all this money? It’s a balancing act involving both the President and Congress:
-The President’s Proposal: The President begins the process by proposing a budget, outlining spending priorities based on requests from federal agencies. Think of it as a wish list—with a lot of extra zeros.
-House and Senate Role:Next, the House and Senate Budget Committees take over. They review the President’s proposal, make adjustments, and ultimately create the final spending bills. This process involves hearings, debates, and a fair amount of political negotiation.
Types of Spending
-Mandatory Spending:These are legally required expenses, like Social Security and Medicare, which make up a significant portion of the budget. These costs rise over time, particularly as the population ages
-Discretionary Spending:This is the part of the budget where the President and Congress decide how much to allocate to areas like defense, education, and more. In FY23, discretionary spending accounted for roughly 28% of total outlays, and it involves a yearly struggle as various departments compete for funding.
-Supplemental Spending: In cases of emergency, Congress can pass additional funding outside the normal budget cycle, as it did for the COVID-19 pandemic in 2020.
Where the Money Goes
Now, let's dive deeper into the specific areas where all that spending is directed:
-🏥 Healthcare Heavyweight:The Department of Health and Human Services commands the largest portion of spending, making up 22% of the net cost. This reflects the huge outlays for healthcare programs like Medicare and Medicaid.
-👵 Social Safety Net:Programs like Veterans Affairs and the Social Security Administration also require significant funding, together accounting for 18% of the budget. This demonstrates the high priority placed on supporting veterans and retirees.
-🫡 Defense and Security:The Department of Defense, tasked with ensuring national security, takes up 13% of government spending!
-💸 The Interest Burden: A growing share of the budget is going toward paying interest on the national debt, consuming 9% of total spending.
In FY23, government outlays represented 22% of the US economy (GDP). Over the past decade, this figure has remained slightly above 20%, excluding the exceptional impact of the COVID-19 pandemic.
3. Bottom Line: Operating Cost & Deficit
When government expenditures exceed its revenue, a budget deficit occurs
In FY23, the U.S. government recorded a $1.7 trillion deficit (revenue minus outlays).
Here’s a breakdown of two key financial terms:
-Net Operating Cost:This includes all costs incurred by the government, even if the payments haven’t been made yet. In FY23, the net operating cost was $3.4 trillion
-Budget Deficit:This is a narrower measure, focusing only on the cash difference between revenue and outlays. As mentioned, the FY23 budget deficit stood at $1.7 trillion
Both of these financial measures reveal a government consistently spending beyond its means—a pattern that has persisted for decades. In fact, over the past 50 years, the U.S. federal budget has only seen a surplus four times, with the most recent one occurring in 2001.
4. National Debt: A Mounting Challenge
So, how does the government continue operating despite being in the red?
It borrows money, mainly by issuing Treasury bonds, bills, and other securities. This borrowing adds to the national debt, which has grown into a major concern for the country’s economic outlook.
As of September 2024, the national debt has reached a staggering $36 trillion. To put that in perspective, it's as if every person in the US owes over $100,000!
Every time the government spends more than it earns, the shortfall is added to the national debt, which, in turn, increases the interest payments that need to be made in the future.
Why the Debt Keeps Growing ?
Several factors contribute to the relentless increase of the national debt:
-Persistent Deficits:For decades, the government has continuously spent more than it collects in revenue, leading to ongoing debt accumulation.
-Wars and Economic Crises: Significant events such as wars (like those in Iraq and Afghanistan) and economic crises (including the 2008 recession and the COVID-19 pandemic) often necessitate large government expenditures, further escalating the debt.
-Tax Cuts and Spending Increases: Policy decisions that either reduce government revenue (through tax cuts) or increase spending (by introducing new programs or expanding existing ones) also play a role in growing the debt.
The national debt presents a complicated issue without straightforward solutions. It requires balancing essential funding for programs and services while ensuring the nation’s long-term financial health.
5. The Future: America’s Finances
The road ahead is filled with challenges. The national debt continues to rise, with a debt-to-GDP ratio surpassing 100%, raising concerns about the nation's long-term economic stability and ability to fulfill financial commitments.
According to the Department of the Treasury, the current fiscal trajectory is unsustainable. Projections based on existing policies show a persistent gap between expected revenue and spending. Without substantial policy reforms, the national debt is likely to keep increasing.
Several factors will influence the future of America’s finances:
-Economic Growth: A strong economy generates higher tax revenues, making it easier to manage the debt. Conversely, slower growth could worsen the deficit and increase the debt burden.
-Interest Rates:Rising interest rates would elevate the cost of servicing the national debt, redirecting funds from other vital programs.
-Inflation: Excessive government debt can contribute to inflation, diminishing the purchasing power of individuals and businesses.
-Political Polarization: The significant partisan divide in U.S. politics complicates consensus-building on fiscal policy and the implementation of long-term solutions to address the debt.
-Demographic Shifts: An aging population increases pressure on entitlement programs like Social Security and Medicare, leading to higher government spending and potentially widening the deficit.
To tackle the challenges of growing debt and deficits, a combination of strategies is needed:
-Controlling Spending:Identifying areas for budget cuts or finding more efficient methods to deliver government services.
-Increasing Revenue:Exploring avenues for raising revenue through tax reforms or other means.
-Fostering Economic Growth:Implementing policies that promote sustainable long-term economic growth and boost tax revenues.
-Encouraging Bipartisan Cooperation:Seeking common ground across party lines to implement lasting fiscal reforms.
The future of America’s finances remains uncertain, but one thing is clear: addressing the national debt and ensuring the nation’s long-term fiscal health will require tough decisions and a commitment to responsible financial management.
What Can Be Done?
It’s easy to feel overwhelmed by the scale of these challenges, but meaningful change often starts with informed citizens. As we head into a new election cycle, understanding how the US government manages its finances is more crucial than ever.
So, what do you think should be America’s financial priorities?
Should policymakers concentrate on cutting spending, raising taxes, or fostering economic growth?
Advanced Micro Devices | AMD Team RED is READY
As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices, the Q2'23 earnings report from Intel provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD
The most immediate signal from Intel beating Q2'23 estimates and guiding up for Q3 is the rebound in PC demand. Most importantly, the inventory correction appears over with OEMs no longer digesting chip inventory.Back in Q3'22, AMD shocked the market by cutting PC revenue estimates by $1 billion. The company quickly went from $2 billion in quarterly CPU sales for PCs to less than $1 billion.
Intel still reported Q2 Client Computing revenue was down 12% YoY to $6.8 billion, but the number was up $1.0 billion sequentially. The chip giant guided up Q3 revenue to $13.4 billion, up $0.5 billion sequentially.In Q1'23, AMD reported that client revenues had fallen further to only $739 million. AMD CPU revenues are now far over $1 billion per quarter below the peak levels providing substantial upside potential when the PC market normalizes.
Intel discussed a mixed picture for their business in the near term due to AI. The chip giant is seeing a wallet share shift from the sever CPU spend towards AI chips.The move is both good and bad for AMD. The company has the MI300 AI GPU chip hitting the market in Q4 providing a strong competitor to the booming demand for the H100 from Nvidia, but the chip isn't out on the market yet.
In the near term, AMD may see some suppressed data center demand while heading into 2024. Ultimately, the company should see upside from AI demand for the MI300 along with the Alveo AI accelerator.On the Q2'23 earnings call, Intel CEO Pat Gelsinger suggested the AI pipeline for 2024 had surged to $1 billion: In my formal remarks, we said we now have over $1 billion of pipeline, 6x in the last quarter.
Going back a few months, Morgan Stanley had estimated the AI potential for AMD was only $400 million with upside potential to $1.2 billion. The Intel forecasts would suggest the AI potential for AMD is far higher next year when the MI300 is in full-scale production.
Nvidia guided up current quarter sales estimates by 50% to over $11 billion. The company suggested data center sales would reach $7+ billion in the quarter.
AMD has only seen data center sales reach $1.3 billion in quarterly sales leaving a huge gap from Nvidia. Even Intel still hit $4.0 billion in data center sales during Q2'23, though the amount is down nearly 20% form 2022 levels due in part to losing market share to AMD.
The big issue for AMD is whether data center sales growth stalls causing a miss to 2H sales targets while booming AI demand ultimately boosts sales starting in Q1'24, or maybe Q4. The chip company peaked at quarterly sales of $6.6 billion back Q2'22 and the current quarterly analyst estimates aren't very aggressive.
A rebound in PC demand to more normalized levels places AMD back at the Q4'23 revenue target of $6.5 billion alone. A PC rebound to normal digestion ($2 billion quarterly run rate) along with higher data center or AI demand leads to vastly higher revenues in 2024.
The current analysts aren't even factoring in much growth in the Q2'24 revenue estimate of $6.76 billion. The amount is just 4% upside from Q2'22 despite potentially surging demand from AMD entering the AI GPU space.
AMD is set to report earrings after the close on August 1. Investors should focus less on the Q2 numbers or even Q3 guidance and focus more on a return to more normalized revenue levels plus the upside from AI.Our view has long held that AMD has the earnings potential of $5 to $6 and the AI opportunity is all upside to this view.
The key investor takeaway is that AMD is still $50 below all time highs while Nvidia has soared over $100 above the late 2021 highs. Investors should use the current weakness in AMD to load up on the stock while leaving some capital to buy any weakness following Q2 earnings due to the potential for near term disappointment leading to long term opportunities.
MARA Holdings Surges: All Profit Targets Hit in 15min Long TradeTechnical Analysis: Mara Holdings – 15-Minute Timeframe (Long Trade)
Mara Holdings displayed a strong bullish move, hitting all profit targets following a long entry at 15.77. The trade has now concluded successfully, with all targets achieved.
Key Levels
Entry: 15.77 – Long position initiated after identifying bullish momentum.
Stop-Loss (SL): 15.41 – Positioned to manage risk in case of a reversal.
Take Profit 1 (TP1): 16.20 – Initial target achieved early in the trade, confirming the upward trend.
Take Profit 2 (TP2): 16.91 – Continued buying pressure led to this level being reached.
Take Profit 3 (TP3): 17.62 – Bullish momentum carried the price to this level.
Take Profit 4 (TP4): 18.05 – Final target successfully hit, completing the trade.
Trend Analysis
The price remained above the Risological Dotted trendline, confirming a sustained uptrend throughout the trade. Mara Holdings showed strong buying interest, driving the price through all profit targets.
The long trade on Mara Holdings was highly successful, hitting all targets, with the final target of 18.05 marking a profitable conclusion. This showcases the precision of identifying and capitalizing on upward trends.
Alibaba (BABA) – Potential Rebound If Alibaba (BABA) returns to the green zone, there’s potential for a rebound, creating a good opportunity for a long entry. This zone is important as it coincides with the monthly open, and buyers are likely to step in at this level.
Strategy: I’ll be watching for a pullback to the green zone and will consider going long with confirmation of buying activity.
ABBVIE broke below the 1D MA50. Confirmed sell opportunity.AbbVie Inc. (ABBV) has been trading within a Channel Up pattern since the November 09 2023 Low. Having made a Higher High on September 04 and been rejected at the top of the Channel Up, the price broke and closed aggressively below its 1D MA50 (blue trend-line) three days ago. That is a confirmed technical sell signal.
The 1D RSI has been on Lower Highs before the actual High, very similar to the previous top on March 12 2024. That sequence, after breaking below its 1D MA50, extended aggressively towards the 1D MA200 (orange trend-line) and bottomed on the 0.618 Fibonacci retracement level.
As a result, we can take a low risk sell now and target a potential contact with the 1D MA200 at $180.00. As far as buying the dip for the long-term is concerned, the most consistent buy signal has been the 1D RSI Bullish Divergence when it forms the first Higher Lows sequence after breaking below the 30.00 oversold barrier. So far that has worked 3 times almost perfectly, with the only exception the May 29 2024 bottom, which still was formed not that far away from the April 26 buy signal.
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