APPLE: Is this 1D MA50 rejection something to worry about?AAPL is neutral on its 1D technical outlook (RSI = 51.445, MACD = -1.220, ADX = 19.718) as it is getting sold emphatically today following Friday's rejection on the 1D MA50. That was the first time to hit the 1D MA50 in 2 months, so this rejection may be just short term profit taking. We can basically see two Channel Down patterns, very similar with each other. On November 2nd 2023, when the 1D MA50 also broke following a price rebound inside the S1 Zone, it also gave a pullback on the following session. If tomorrow we see a recovery, then we might be on a similar recovery path towards the R1 level. Our target is just under it (TP = 199.00).
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MICROSOFT: Sell and Buy at the right place.MSFT is on healthy bullish technical levels on the 1D timeframe (RSI = 60.229, MACD = 3.110, ADX = 14.662) and there is no indication that the current uptrend won't be extended. We expect the current HH bullish wave of the Channel Up to continue as high as 450.00 before a technical correction. This is what took place after the July 18th 2023 HH, which pulled back to the 0.382 Fibonacci level. Consequently we are willing to buy again for the long term only at 400.00.
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ROCKET LAB: Very strong long term buy opportunity.RKLB is almost oversold on the 1D timeframe (RSI = 31.788, MACD = -0.150, ADX = 26.851) which makes it an automatic technical buy for the long term. Besides that, the price has entered the long term Support Zone that commenced on the June 30th 2022 Low. The pattern is identical to the March-May 2023 bottom. Once the 1D MA50 breaks again, we expect a very aggressive rally. Target 1 on the LH trendline (TP1 = 5.50) and long term Target 2 near the HH and 1.236 Fib (TP2 = 8.75).
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"Eyeing Trent stock 📈: Set your sights with a stop loss at 3900Investors eyeing Trent stock may consider a strategic approach with a stop-loss set at 3900 and a target price of 4300. This approach aims to manage risk by limiting potential losses while targeting a specific price level for profit-taking. The stop-loss serves as a safety net, protecting against adverse market movements, while the target price provides a clear objective for capitalizing on the stock's upward momentum.
DAX daily showing signs of churn, but shorter-term supportedThe DAX daily chart is showing signs of consolidation, but the short-term market participants are constructive.
IF the short-term momentum holds, there will be something to work with.
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Past Performance is not an indicator of future results.
AMD: Near the 2 month Support. Strong Buy.AMD is bearish on its 1D technical outlook (RSI = 39.240, MACD = -3.040, ADX = 37.221) as it got heavily rejected on the 1D MA50 last week. Nonetheless, it is close not only to completing the -28.56% decline, which is the maximum fall it has had since the October 13th 2022 bottom, but also near the S1 level (162.00), which is February's low. The chart shows that every time AMD had dropped under the 1D MA50 while on this multi year Channel Up, it was a strong buy opportunity. Only in August it kept falling, but not aggressively until it found support on the 1W MA50.
Consequently, we treat this as a effective buy entry, aiming for a +61.60% increase at least (TP = 260.00), like the October - December 2023 rebound.
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Future PLC: A Compelling Buy with a Bright OutlookIn the ever-evolving landscape of digital publishing and price comparison, LSE:FUTR Future PLC stands out as a beacon of robust growth and potential. Founded in 1985 and headquartered in Bath, the United Kingdom, Future PLC has carved a niche for itself by publishing and distributing content across a spectrum of sectors including games, entertainment, technology, sports, and more. With its shares currently priced at an attractively low point, there’s a strong case to be made for considering Future PLC as a buy trade, with a current buy-in at 700 and ambitious targets of 1,400 and 2,100.
Encouraging Performance and Strategic Growth
Future PLC's recent first-half trading update has been met with optimism, described by analysts as "encouraging" and "broadly reassuring". The company has demonstrated a return to organic revenue growth, a testament to the effectiveness of its diversified business model that spans Media and Magazine segments. This rebound is particularly notable in its operations such as Go.Compare, B2B, and Magazines, despite the headwinds faced in affiliate products and digital advertising amid macroeconomic uncertainties.
The stabilisation in website user trends and the initial progress of the Growth Acceleration Strategy (GAS) underscore the company's adaptive and forward-looking management approach. Analyst Jessica Pok from Panmure Gordon remarked on these developments as positive signs, highlighting the stock's attractive valuation at just 5 times FY25E PE.
Valuation and Market Position
One cannot overlook the compelling valuation metrics that underscore Future PLC's investment appeal. Currently trading at a PE ratio of just 6.9, the company is significantly undervalued when compared to the peer average of 11.8. This discrepancy not only points to the stock’s anomalously low price but also signals substantial upside potential. Should Future PLC’s PE ratio align with the sector average, the implications for its share price could be profound, elevating it well beyond its current level of 700.
Moreover, based on a discounted cash flow model, Future PLC's fair value is estimated at 2,597, suggesting that the shares are currently 73.7% undervalued. This valuation presents a compelling case for the stock as a buy, with the current price offering a substantial margin of safety and an attractive entry point for investors seeking both growth and value.
Looking Ahead
As Future PLC continues to implement its strategic initiatives under the GAS, there is a keen anticipation of improved performance in affiliate and digital advertising revenues. This improvement, as broker Roddy Davidson at Shore Capital suggests, will be pivotal for a meaningful recovery in share price and for gaining traction across its growth strategies.
The digital publishing and price comparison sectors are replete with challenges but also abundant with opportunities. Future PLC, with its diversified portfolio, strategic growth initiatives, and currently undervalued shares, presents an enticing prospect for investors looking to capitalise on these opportunities. Its low PE ratio, compared to peers, and the significant undervaluation based on fair value, all point to Future PLC not just as a stock to watch, but as a compelling buy in today's market.
For investors and traders alike, the current valuation of Future PLC offers a rare convergence of growth prospects and value, making it a standout choice in the dynamic and competitive landscape of digital media and financial services.
AMAZON: Bullish continuation to 210.Amazon is bullish on its 1D timeframe (RSI = 67.557, MACD = 2.990, ADX = 31.700) as it is unfolding a very stable uptrend supported by the 1D MA50. This is the second bullish wave of the Channel Up, that is the dominant long term pattern. The 1D MACD suggests that we are entering the final phase of this wave that is aiming for a HH at +78.73% from the HL. We are bullish (TP = 210.00).
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🔥HOT STOCKS: PYPL & ASANA - Like Monday.com but BETTER📉Hi Traders, Investors and Speculators of Charts📈
There are a few stocks on my immediate radar.
1) Asana - NYSE:ASAN
If you're working in a large, dynamic team you're probably using a workflow management tool like Monday.com ... or Asana.
Asana is a fantastic tool, I use it on a daily basis. It's easy to use, user-friendly and it has a wide range of easy-to-understand functionalities. BONUS - it has HUGE upside potential.
2) Paypal - NASDAQ:PYPL
Who doesn't know Paypal. PYPL has come a long way since inception, and it has improved exponentially from a user perspective experience. Paypal remains the nr1 choice for many people buying and selling online, as well as for many business. What does it have in common with Asana? - it has HUGE upside potential.
3) Alibaba - NYSE:BABA
Don't be hasty to buy just yet. Although Alibaba is still one of the biggest online retailers, Shein and Temu is starting to eat away at its market cap. For BABA, there is big upside potential but I am not convinced the price has bottomed just yet. When I spot a reliable bottom pattern, I'll accumulate a position and look for modest TP points.
4) Xiamoi - OTC:XIACF
Remember those cute little home camera's that let you watch your pet/child and even speak to them from anywhere in the world? Don't sleep on this one. AI automation, home security and... cars?
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