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Can DS Finally Bust This Level?Looking at the Fibs, DS is once again testing this technical level. It's been a decently strong level of resistance for months. Only was able to break above it briefly but couldn't sustain itself for more than a few days. With the vaccine set for delivery in this week, it's going to be interesting to see how epicenter stocks perform. Will we finally get that bullish move in reopening stocks?
Last month, Drive Shack reported a very solid earnings report for the third quarter ending on September 30th. In the report, the company stated that it was able to bring in revenues north of $66 million. CEO of the company, Hana Khouri, stated in its last Q filing that “we are pleased with our third-quarter results as we see our venues and courses continue to build momentum over the year. Both of these businesses delivered positive financial results in the quarter, even with the challenges we continue to face with local restrictions and mandates with large group gatherings.”
QUOTE SOURCE: Penny Stocks To Buy Under $3 Right Now, Are They Worth The Risk?
Will AXAS Break Resistance After Vaccine Delivery?It Will be interesting to see how AXAS performs this coming week now that Pfizer's vaccine is set to ship. Energy stocks will likely be a focus and might be worth watching at the very least.
"Investors should be watching these companies due to their relationship with the covid vaccine. If a vaccine comes out in a timely manner, it could mean more people out and about. This would mean that energy consumption could go up, leading to greater demand for resources. The company states that it operates as an energy company working on the exploration and development of oil and gas. It does this in the Permian Basin as well as the Rocky Mountains and South Texas. All of these areas are known to have high concentrations of oil and natural gas."
QUOTE SOURCE: Penny Stocks To Buy Under $3 Right Now, Are They Worth The Risk?
BABA - China/US tension heavy on the stockSince the first news that the US is going to ban Chinese companies to list on the US stock market, $BABA was one of the first to took the hit. This can be seen in the volume spikes when investors started to close their positions.
The two uncovered gaps to the South are also making an impression. Volatility has calmed down since then as seen in the lower volume levels, but we are not witnessing any fresh buying or selling.
Price is currently in a range after getting out of the long-term uptrend.
TransGlobe Energy Corporation Announces an AgreementTransGlobe Energy Corporation Announces an Agreement to Merge, Extend and Modernize Its Eastern Desert Concessions
Micro-cap TransGlobe Energy (TGA +45.1%) has reached an agreement with Egyptian General Petroleum to merge TransGlobe’s three existing Eastern Desert concessions into a new modernized concession agreement.
The merged concession will have a new 15-year development term and a 5-year extension option.
Improved netbacks and increased cash flows are expected to fund new investments in incremental recovery projects.
TGA will pay an initial equalization payment of $15M and signature bonus of $1M on ratification, with five further annual equalization payments of $10M each being made over five years (beginning Feb. 1, 2022 until Feb. 1, 2026).
finance.yahoo.com
Stock to watch: Air Liquide (EURONEXT:AI)EURONEXT:AI
An interesting asset to trade. After entering the green zone (according to Buy/Sell Zones indicator ) it showed a small pullback which gives a possible good long entry point.
I'm looking forward to picking it up in the zone from current close up to 120.
Short-term Long targets are 0,5 Fib (previous high) and 1 Fib.
Long-term target is 2 Fib.
Invalidation: the price nukes under the previous low and stays there (prints a lower low)
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
SSPK long for 11 december 2020SSPK for long tomorrow and as i said always to my students when the price its 50% of your take profit close 50% of the deal and let the rest to run
Thomas Boleto
Have a green day
$KO - Timing is everythingCoca - Cola is one of the best "blue chips" companies on Wall Street, so it's always a good idea to add it to your portfiolio.
We have a clear uptrend after the price formed a bottom in the first Clousire.
Company has payed out a dividend, so that's the spike in volume as traders were cashing in.
Currently the price is in the middle of the trend, so it's not a good idea to buy here. I would wait for a correction at the marked zone. SL placed appropriately.
Stock to watch: Jumia Technologies AG (JMIA) - re-uploadNYSE:JMIA
Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻
Original chart from Nov 24
Original idea was: This stock showed almost 300% growth since October and has a lot of momentum to show. Buy/Sell Zones indicates a 7-day green zone. Targets for a long play: the all-time high (which is slightly above the 1 Fibonacci) up to 2 Fibonacci.
Even though the asset already showed a good move, there is a chance to jump in Long as the potential targets are still on the way.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
BlackBerry (BB) Stock Soars on AWS Deal for Smart Vehicle DataAWS and BlackBerry Join Forces to Accelerate Innovation with New Intelligent Vehicle Data Platform
• BlackBerry IVY will help automakers create personalized driver and passenger experiences and improve operations of cloud-connected vehicles with new BlackBerry QNX and AWS technology
• AWS, AMZN, and BlackBerry Limited (NYSE: BB, TSX: BB), a worldwide leader in intelligent security software and services, announced a multi-year, global agreement to develop and market BlackBerry's Intelligent Vehicle Data Platform, IVY.
• BlackBerry IVY is a scalable, cloud-connected software platform that will allow automakers to provide a consistent and secure way to read vehicle sensor data, normalize it, and create actionable insights from that data both locally in the vehicle and in the cloud.
• Automakers can use this information to create responsive in-vehicle services that enhance driver and passenger experiences.
• BlackBerry IVY will solve data challenges by applying machine learning to that data to generate predictive insights and inferences, making it possible for automakers to offer in-vehicle experiences that are highly personalized and able to take action based on those insights.
• Automakers will gain greater visibility into vehicle data, control over who can access it, and edge computing capabilities to optimize how quickly and efficiently the data is processed.
• With BlackBerry IVY’s integrated capabilities, automakers will be able to deliver new features, functionality, and performance to customers over the lifetime of their cloud-connected vehicles, as well as unlock new revenue streams and business models built on vehicle data.
• BlackBerry IVY could leverage vehicle data to recognize driver behavior and hazardous conditions such as icy roads or heavy traffic and then recommend that a driver enable relevant vehicle safety features such as traction control, lane-keeping assist, or adaptive cruise control.
• BlackBerry IVY will enable automakers to compress the timeline to build, deploy, and monetize new in-vehicle applications and connected services across multiple vehicle brands and models.
• BlackBerry IVY will make it easier for automakers to collaborate with a wider pool of developers to accelerate creation of new offerings that deliver improved vehicle performance, reduced costs for maintenance and repairs, and added convenience.
finance.yahoo.com
Stock to watch: Crispr Therapeutics AG (CRSP) - re-uploadNASDAQ:CRSP
Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻
Original chart from Nov 24
May be an interesting stock to trade: Buy/Sell Zones indicates a 20-day uptrend. Long-term target is 1 Fibonacci, short-term targets may be lower Fibonacci values. The pre-market shows a small potential recoil that can give a good Long entry point.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
Stock to watch: Snowflake Inc (SNOW) - re-uploadNYSE:SNOW
Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻
Original chart from Nov 24
Original idea was: May be an interesting stock to trade: Buy/Sell Zones Indicator shows that the price is in the green zone, indicating buyers interest. Targets for Long play may be previous highs up to 1 Fibonacci. The pre-market shows a small potential recoil that can give a good Long entry point.
The bias didn't change much - Long may be taken at a potential pullback + extend targets up to 1.618 Fib or even higher.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
Stock to watch: TapImmune Inc. common stock (MRKR) - risk-tradeNASDAQ:MRKR
A risky yet interesting trade: Buy/Sell Zones is in the green line, but we should consider it as a pullback - the overall downtrend + bearish momentum.
I may consider Short up 0.786 Fib (where we can see another pullback) but could dip even lower.
Invalidation: closing above 1.75 on higher timeframes (12H, 1D).
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
Significantly Increased Sales to the Rising Chinese EV MarketChina Automotive Systems Significantly Increased Sales to the Rising Chinese EV Market in 2020
- 120,000 steering units shipped for electric vehicle ("EV") models so far in 2020; may reach over 140,000 units by year end 2020
- targets sales of over 200,000 steering units for Chinese EV vehicles in 2021 -
- Sales of Chinese EVs approximately doubled year-over-year to 144,000 units in the month of October 2020. With this rapid growth of EVs occurring in China, the outlook is for booming growth as the Chinese government has set an EV car target of 25% of all new cars by 2025.
- Other new products are under development to meet the future needs of the surging Chinese EV market."
- Our portfolio of EPS products has the potential to become a major growth channel over the next few years as we further capture market share in the burgeoning market for Chinese electric vehicles.
finance.yahoo.com
Intel stock price forecast 2020To many investors’ surprise, Intel stock has been beaten up badly in the past months. However, not too many traders will know why Intel stock cannot drop below the $42 price level. Many short-term and intraday day traders will think of potential short scenarios now that the momentum has “turned” against the company.
The momentum has turned against Intel stock? Well, if you think the momentum has turned against is because you are probably looking the smaller timeframes and you are only seen noise and chaos without any apparent direction. Direction trading on stocks is critical, if price action analysis and supply and demand is added as tools in your trading arsenal, you will see things in the stock market that have always been there but you were unaware of.
Although everything looks good for the company, as a dividend growth stock, it wasn’t appealing because of its combination of low dividend yield and relatively low dividend growth rate. That should be taken into account only if you are interested in buying shares of stock that provide a high dividend yield. Intel stock is one of those stocks to own because we like it or not, their processors are in most desktop PCs and Apple Mac.
What is a good price for Intel INTC? The imbalance created back in 2018 has been holding several pullbacks and it seems that Intel stock is about to rally again from that same price level and imbalance.
Find below a supply and demand stock analysis for Intel stock (NASDAQ:INTC). The attached chart is the monthly timeframe. The imbalance at $45.97 has been holding the stock price for a few years. Going short against it is suicidal. Only buying shares of Intel stock is possible. It’s not the clearest scenario, but no shorts at all.
Berkshire Hathaway stock priceBerkshire Hathaway stock has been moving to higher grounds as expected and mentioned in my last stock technical analysis update. As expected the strong demand imbalance created at $175 per share has played out very nicely. Berkshire Hathaway stock price has been moving much higher managing to break all-time high again. Warren Buffet and most of his clients must be very happy people again.
As explained in a previous forecast for Berkshire Hathaway, we expected the stock to rally strongly from $176 per share and so it did. The all-time high has been broken and created another strong imbalance around $209 per share. Will Berkshire Hathaway stock price drop down there? We will see. Given the bullish strength of all US indexes, It might continue to rally much higher creating new imbalances.
GLJ Research Upgrades US Steel (X) to BuyGLJ Research analyst Gordon Johnson upgraded US Steel (NYSE: X) from Hold to Buy with a price target of $17.30.
-Foreseeing a revival of car demand in the U.S., and a revival of "high-end auto steel markets" alongside it, GLJ says it is currently seeing the "most bullish setup we've seen for the US steel sector since mid-2019.
-Global steel prices surging, This is happening at the same time as the U.S. steel market is enduring "acute shortages" in supply.
-GLJ sees "massive ... liquidity" from government stimulus efforts, and more coming down the pike from a "stimulus-friendly Biden Administration."
- In GLJ's view, U.S. Steel, which cost $11 and change yesterday could conceivably soar as high as $17.30 over the next 12 months
www.fool.com
www.streetinsider.com
Luminar has struck a deal with Mobileye, an Intel company!Luminar Technologies, Inc. (“Luminar”), the global leader in automotive lidar hardware and software technology, which is currently in the process of becoming a public company through its expected merger with Gores Metropoulos, Inc. (Nasdaq: GMHI, GMHIU, GMHIW), a special purpose acquisition company, has struck a deal with Mobileye, an Intel company, to supply Luminar lidar for the company’s Autonomous Vehicle (AV) Series solution in its next phase of driverless car development and testing.
As part of the agreement, Mobileye will collaborate with Luminar to use its lidar for the first generation of its level 4 Mobility-as-a-Service (MaaS) pilot and driverless fleet in key markets around the world
Luminar’s technology will be used to enable Mobileye’s TRUE REDUNDANCY™ solution which is uniquely comprised of multiple self-contained sensor systems to enable uncompromised safety and validation for level 4 driving. By processing completely independent streams of data from 360-surround view cameras, lidar, and radar, the solution ensures significantly greater perception accuracy and eliminates the impact of disruptions to an individual sensor.
Austin Russell, Founder and CEO of Luminar Technologies said that“Mobileye disrupted the auto industry to become the undisputed king of ADAS, and with the right partner is uniquely positioned to enable autonomy at an unprecedented scale.” “After collaborating with Mobileye for over a year, we’re excited to formalize this deal and work towards a shared vision of making autonomy safe and ubiquitous.”
Luminar has secured a total of 50 commercial partners across passenger vehicle, trucking, and robo-taxi verticals, representing approximately 75% of major players in the targeted customer ecosystem. Luminar’s accelerating commercial traction has resulted in opportunities to convert 12 of its OEM programs and engagements from development stage into production.
Key 2020 achievements across its three key verticals include:
Passenger Vehicle – Luminar has secured the industry’s first series production deal for consumer vehicles starting in 2022. Luminar remains on schedule with the first Iris sensors now running live on vehicles. Luminar is partnered with seven of the top 10 largest automakers at various development stages, with timelines to series production landing between 2022-2025.
Trucking – Luminar is partnered with the largest global truck OEM to commercialize Level 4 autonomous trucks for long-haul highway use cases; Luminar is now also powering all other major autonomous trucking programs globally.
Mobility-as-a-service – Luminar is now working with a number of major next-generation autonomous robo-taxi programs, with particular focus on those closer to series production, including Mobileye’s internal Mobility-as-a-Service program.
www.businesswire.com