WATCH OUT FOR VERITASKAPFrom around 0.83, VERITASKAP created an all-time high of around 1.81. This happened between August 2024 and September 2024. Then, price dropped into the discount level where is currently. The current price action shows that price is in a discount level, at a demand zone and within a falling wedge.
From a chart pattern perspective, falling wedge can be seen on the chart and a break out of the downtrend and resistance level around 1.06 with a bullish candle closing above these levels will serve as a strong indication that the stock is ready to rally up as much as the all-time high.
From a technical indicator perspective, awesome oscillator is below 0, showing that the stock is oversold. In addition, there is a bullish indication on the awesome oscillator as shown by its colour and upward movement. This is pointing to the fact that the value of the awesome oscillator is moving towards 0 and can cross over it which can be a good indication for a rise in price as well.
From a smart money concept perspective, a break of the last high (around 1.27) that led to the last bearish internal break of structure will as serve as indication of a bullish trend. Hence, the target will the all-time high.
Either way, the stock has a good potential. An aggressive trader or investor may buy at the current market price. While a conservative trader or investor may wait for a breakout.
Watch out for the confluences indicating potential rise in price so as to not miss out on the benefit.
Stocktrader
NEM SHORT IDEANEM Insurance stock is ready to have a drop. There's a bearish divergence signal from the awesome oscillator showing that there's a high tendency for the price of the stock to drop as much as to 11.65 and below that value. Any value below 11.50 is the discount level where there can be a potential for the next long opportunity.
Looking at the past data, some patterns were revealed. In September 2016, there was a bearish divergence signal and the price dropped from around 3.71 to around around 1.51. Likewise, in September 2022, there was a bearish divergence and the price dropped from around 5.65 to around 3.71. Similar pattern is what is repeating itself showing that there's a higher probability that the price dropped into the discount level. For an investor holding this stock, this maybe a signal to sell and wait for another long opportunity. For a trader, it's an opportunity to short the stock, targeting the discount price around 11.65.
Confluences for the short signal:
1. Price is showing higher high while awesome oscillator is showing lower high indicating bearish divergence.
2. When similar patterns occured in the past, price dropped into the discount level.
3. A bearish engulfing candlestick had been formed showing that price is likely going to drop further.
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
SRF: Breakout of Symmetrical TriangleA symmetrical triangle is a chart pattern in technical analysis that forms when the price consolidates with lower highs and higher lows, creating a converging triangle shape. This pattern indicates a period of consolidation before the price breaks out in either direction.
SRF stock has already given a bullish breakout. One should go long on the stock with Stop loss below 2550 for the measured target of 3475-80 zone.
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Oracle’s Cloud Conquest|Climbing Mount Hyperscaler with AI BootsWill Oracle Cloud Infrastructure aka OCI Emerge as the 4th Hyperscaler?
Although OCI hasn’t yet reached the scale of the top three cloud giants (AWS, Azure, GCP), it’s rapidly advancing, much like d’Artagnan joining the musketeers. Riding the AI wave, Oracle’s Infrastructure as a Service (IaaS) segment surged by 52% to $2.4 billion in Q2. Over the past year, OCI has overtaken Salesforce and IBM, surpassing even Snowflake. Its next target, Alibaba Cloud, grew just 7% YoY to $4.2 billion in Q3. However, this impressive growth comes at a price—Oracle’s capital expenditure is expected to double in FY25 to meet AI demand.
Oracle Q2 FY25 Highlights
Key Metrics
-Remaining Performance Obligations (RPO): A measure of future revenue from existing contracts. RPO grew 50% YoY, with Cloud RPO jumping nearly 80%, reflecting strong momentum. Sequentially, total RPO declined slightly from $99 billion in Q1 to $97 billion in Q2. 39% of this is expected to convert into revenue over the next year.
-Cloud Services Revenue: Up 24% YoY to $5.9 billion:
-IaaS: Grew 52% YoY to $2.4 billion, up from 45% in Q1, driven by OCI adoption for high-performance workloads and multi-cloud deployments.
-SaaS: Increased 10% YoY to $3.5 billion, with stable demand for cloud-based ERP, HCM, and CRM solutions.
- Fusion Cloud ERP: Gained 18% YoY to $0.9 billion.
-NetSuite Cloud ERP: Rose 19% YoY to $0.9 billion.
- Total Revenue: Increased 9% YoY to $14.1 billion, missing estimates by $20 million.
-Cloud Services & License Support: Up 12% YoY to $10.8 billion, with cloud services alone growing 24% YoY to $5.9 billion.
-Cloud License & On-Premise: Up 1% YoY to $1.2 billion.
-Hardware: Declined 4% YoY to $0.7 billion.
-Services: Dropped 3% YoY to $1.3 billion.
-Margins: Gross margin held steady at 71%, while operating margin improved 2 percentage points to 30%.
-Non-GAAP EPS:$1.47, missing estimates by $0.01
Cash Flow & Balance Sheet
-Operating Cash Flow (TTM):** $20.3 billion (+19% YoY).
- Cash & Cash Equivalents:** $11.3 billion.
-Debt: $88.6 billion.
Q3 FY25 Guidance
- Revenue growth of 7%-9% YoY (10% expected).
- Cloud revenue projected to grow 25%-27% YoY, accelerating further.
Analysis and Insights
1.Momentum in Cloud Infrastructure
Oracle’s focus on AI workloads is paying off, with major clients like Meta, Uber, and TikTok driving GPU consumption up by 336%. The company also unveiled the largest AI supercomputer, featuring 65,000 NVIDIA H200 GPUs. However, a potential TikTok ban in the U.S. could pose a $2 billion revenue risk.
2.Growth Despite Missed Targets
While revenue and adjusted earnings missed estimates due to slower SaaS growth, cloud revenue of $5.9 billion was just shy of the $6 billion forecast. Shares dipped post-earnings but remain up nearly 70% year-to-date, exceeding most investors' expectations
3.Capex Surge for AI
Capital expenditures reached $4 billion this quarter, a sharp increase from under $7 billion in FY24. Management expects FY25 Capex to double, driven by AI demand, resulting in negative free cash flow ($2.7 billion used) for the quarter. These investments align with industry trends but may stretch the balance sheet.
4.Expanding Multi Cloud Partnerships
Oracle’s partnerships with Meta, AWS, Azure, and Google Cloud enhance its relevance in multi-cloud environments. These alliances enable seamless workload interoperability and help Oracle compete effectively while broadening its customer base.
5.Balance Sheet Challenges
Oracle’s net debt of $80 billion, despite robust $20 billion annual operating cash flow, restricts its ability to pursue aggressive growth strategies or acquisitions. Rising Capex could further limit flexibility.
6.Bullish Long-Term Outlook
Management projects total cloud revenue to exceed $25 billion in FY25, fueled by AI demand and OCI’s competitive positioning. Analysts remain optimistic about Oracle’s prospects, particularly in multi-cloud ecosystems and generative AI workloads.
This explains why Larry Ellison envisions Oracle’s data centers expanding tenfold
SQQQ I It will decline from top of the resistance channel
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NASDAQ 100 / 1H / TECHNICAL ANALYSIS NASDAQ:NDX I have indicated the completed targets of the ABCD pattern on the chart. Resistance is at 17670, and support is at 16248.
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TSLA has a flat?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Still following the green path.
Several ways to label this, but I think a flat here would be an interesting take on things.
There are some levels to hold and pivots to break to be sure.
The Gap and High are nice draws.
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Followed green path, but looking like a ZZ up.
Still think the reaction to this 238.40 area could be a good clue. A bounce to another ZZ at the lower degree, would be looking for some further downside.
FSLY Fastly Options Ahead of EarningsIf you haven`t sold FSLY Head and Shoulders bearish Chart Pattern here:
Then analyzing the options chain and the chart patterns of FSLY Fastly prior to the earnings report this week,
I would consider purchasing the $17.50 strike price Calls with
an expiration date of2023-9-15,
for a premium of approximately $1.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ASI - Falling Wedge Pattern in CSEASI might bounce from 8500 level. Closely monitor this falling wedge pattern and fib levels in the chart.
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$Tsla, pull up for a recharge?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Hitting some #Elliottwave ZZ most likely targets.
A break and higher up the fib ladder the better.
Even if it is done, a corrective retrace to
206 would be a good spot to add.
314 is the next major level I see.
262 needs to hold PA.
Cheers
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Held the level identified and flowed path nicely!
Popped some resistance after hours, will see at open.
Get a bit of div on the 4hr here, so looking for this path to play.
So far it's been reclaiming this levels, break of that pattern is sus.
Cheers.
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In since $21.
Taking some off here and looking for a retrace to add.
At some previous consolidation now,
break this and $42 is the next congested area.
Hype can send this, hype has sent many things...that eventually came crashing down...
Cheers!
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Followed my idea pretty darn closely!
If this is going to be some kind of wave 3,
would like to a swift move to prove it!
The chart below has my alt on it.
This Elliott wave pattern is just popping to me. Not going to ignore it...
Cheers!
DUK Long with a resistance at ~97.00I plan a trade at 97,48 just before the resistance zone at ~97.00. in the past, this zone was often confirmed and the course changed the direction there. We also have the 0,382 Fibonacci just in this zone, increasing the probability of a reverse in this area. The stop loss is placed below the resistance with a little bit of buffer to breathe. The take profit is placed below the upcoming trendline which can be a resistance.