Digital Dreams, Nuclear Reality: Is AI Sparking a Revolution?In an unprecedented fusion of cutting-edge technology and atomic power, Oracle's latest venture illuminates the extraordinary energy demands reshaping our digital landscape. The tech giant's bold decision to power its next-generation AI facilities with nuclear reactors signals more than just an infrastructure upgrade – it represents a fundamental shift in how we approach the intersection of computational power and energy resources.
The numbers tell a compelling story: with data centers already consuming more electricity than entire nations and AI operations demanding exponentially growing power supplies, traditional energy solutions are proving insufficient. Oracle's gigawatt-scale ambitions, powered by small modular reactors, showcase an innovative response to this challenge, potentially revolutionizing how we fuel our digital future.
As tech titans race to build increasingly powerful AI systems, Oracle's nuclear gambit raises fascinating questions about the future of technological progress. Will this marriage of nuclear power and artificial intelligence unlock unprecedented computational capabilities, or are we witnessing the dawn of a new era where the limits of power generation become the primary constraint on digital innovation? The answer may reshape not just the tech industry, but the very framework of our energy infrastructure for generations to come.
Technology
COINBASE Enormous upside from this point. $360 minimum Target.Coinbase (COIN) has staged a strong bullish turnaround since our last analysis (September 09, see chart below) and it appears that we caught the perfect bottom buy:
The stock has been trading within a long-term Channel Up since the first week of January 2023 (22 months). Within this time span, it has seen 4 corrections with the latter being the longest as we haven't seen a new High since the week of March 25 2024. The current correction is almost the same (-48.50%) as the January - April 2023 (-47.15%), while the other two have been around -39%.
The key for now is to close a 1W candle above both the 1W MA50 (blue trend-line) and the 1D MA50 (red trend-line). That will be the last confirmation for this Bullish Leg. This on its own is a very pessimistic development, with the presence of only the 1W MA100 (green trend-line) remaining to offer support long-term.
Now as for the upside, the minimum % rise of a Bullish Leg within this Channel Up has been +146.82% (two times). As a result, as long as the 1W RSI closes this week above its MA trend-line (yellow), a bullish signal that emerged on all previous 4 bottoms of the Channel, we can expect the new Bullish Leg to rise on a minimum +146.82% from its bottom, which gives us a $360.00 Target.
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Uber (UBER): Missed the Rally? Here comes new opportunitiesIt's been a while since we last looked at Uber, and the stock has moved perfectly since then. Uber reacted exactly as expected to our desired area, but unfortunately, we didn’t buy any shares at the time. If you did, congratulations – this position is now up 60.8%!
Shares of rideshare companies Uber Technologies and Lyft surged on Friday, following Tesla's underwhelming Robotaxi reveal. Uber has shifted its focus away from developing autonomous vehicles and is instead concentrating on expanding its marketplace for riders and drivers. This shift has created a robust network effect, making it increasingly difficult for competitors to match Uber's scale, according to a recent report by Business Insider.
Uber’s asset-light business model, which doesn't involve owning or maintaining vehicles, has been financially successful, generating $1.7 billion in free cash flow in the second quarter. Now, Uber has reached a new all-time high, and if we look back at the chart, it's easy to see a clear and powerful pattern. After entering our desired area, Uber made a sharp V-shaped correction, followed by a key level retest. In a short period, NYSE:UBER turned bullish, marking a complete turnaround.
We will be closely watching Uber Technologies' upcoming earnings report, scheduled for October 31, 2024. After this event, we’ll update our chart and look for possible new opportunities.
Energy vs Tech : Analyzing Sector Performance and Market TrendsIntroduction:
The comparison between the energy sector (XLE) and the technology sector (XLK) provides valuable insights into current market trends. As the largest sector in the S&P 500, XLK often serves as a barometer for broader market strength. Conversely, when XLE outperforms XLK, it may signal caution, as XLE's smaller size limits its impact on the overall index.
Analysis:
Sector Comparison: XLK's performance is crucial in indicating market health. When XLK outperforms, it generally suggests a robust market outlook. On the other hand, if XLE starts to outperform XLK, this may indicate potential weakness in broader market conditions.
Inflationary Pressures: This ratio between XLE and XLK also reflects inflationary trends. A strong performance from XLE relative to XLK may signal rising inflationary pressures, which investors should closely monitor.
Charting the Pattern: The energy sector has formed an inverted saucer pattern. A breakout from this pattern could signify a positive upward trend and possibly a return to inflation.
Trade Setup:
Entry Point: Monitor the XLE/XLK ratio for a potential breakout confirmation.
Stop Loss: Consider setting a stop loss below the recent support level identified on the chart.
Target Price: Set a target based on the measured move from the breakout point of the inverted saucer pattern.
Conclusion:
The comparative performance of XLE and XLK offers essential insights into market dynamics and inflationary pressures. Traders should keep an eye on the potential breakout from the inverted saucer pattern in XLE, as it may indicate a shift in market trends. What are your thoughts on this analysis? Share your insights in the comments!
Charts: (Include relevant charts showing the XLE/XLK ratio and the inverted saucer pattern)
#Energy #Technology #MarketTrends #Inflation #XLE #XLK
When Virtual Worlds Collide: The Price of Digital Illusions?In the ever-evolving landscape of digital entertainment, a storm is brewing that challenges our perceptions of virtual reality and corporate responsibility. Roblox, a titan in the gaming industry, finds itself at the epicenter of a controversy that transcends mere numbers and pixels. As allegations of inflated user data and compromised child safety measures emerge, we are compelled to question the very foundations upon which our digital utopias are built.
This saga serves as a stark reminder of the delicate balance between innovation and integrity in the tech world. It challenges us to look beyond the dazzling facades of virtual playgrounds and confront the sobering realities that may lurk beneath. As investors, parents, and digital citizens, we are called to critically examine the metrics and safeguards that shape our online experiences and those of our children.
The Roblox controversy is not just a cautionary tale; it's a catalyst for a broader dialogue about the future of digital platforms and their impact on society. It prompts us to envision a world where transparency and user safety are not just buzzwords but the cornerstones of technological progress. As we stand at this crossroads, the choices we make and the standards we uphold will determine whether our digital futures will be defined by illusion or authenticity, by profit or protection.
In this pivotal moment, we are all stakeholders in the outcome. The questions raised by this controversy challenge us to become more discerning consumers, more vigilant guardians, and more engaged participants in shaping the digital landscapes we inhabit. As we ponder the true cost of our virtual indulgences, we must ask ourselves: Are we ready to demand more from the architects of our digital worlds, and in doing so, forge a path towards a more transparent and secure online future for all?
AMD broke above the Lower Highs and confirms a massive rally.It's been a while (August 13, see chart below) since we last looked into the Advanced Micro Devices (AMD), which was a strong long-term buy signal, with the price reacting very favorably, having already started its new Bullish Leg:
Today we take it to the 1D time-frame where where the scale of where the price might be compared to the previous two mega rallies since the October 13 2023 bottom, may be clearer. Remarkably, the last two rallies were both of around +142%. In symmetrical terms we are around the 0.618 Fibonacci level mark where both Bullish Legs had a technical pull-back.
The key bullish development of last week though has been the break above the Lower Highs trend-line, which in line with previous Legs, has been the confirmation of the start of the long-term rally. As a result, we have now validated that the Bearish Leg is behind us and any pull-backs this structure gives, will be buy opportunities.
Our Target is intact at $295.00.
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Harnessing the Power of Artificial Swarm Intelligence in TradingI) Introduction
Artificial swarm intelligence (ASI) has come in as the latest disruptor in trading and other industries in this world. This advanced technology, inspired by the sociobiology of social organisms like bees, birds, and fish, leads to the latest innovations and efficiencies found in the financial markets. Herein lies an informative overview of ASI, underscoring its principles and its utilities and advantages in trading.
II) What is Artificial Swarm Intelligence?
Artificial swarm intelligence makes one mimic the decision-making behavior of natural swarms. Swarms of bees, schools of fish, or flocks of birds in nature make group decisions that are often superior to those made by individuals in the same field. It exploits this relationship through algorithms and dynamic sharing of data to allow collaborative decision-making in artificial systems.
III) How Does ASI Work?
ASI has three basic components :
1) Agents: These are members of the swarm, often represented by single algorithms or software programs that take part, such as trading bots or software applications that analyze the market for many different data sources.
2) Communication Protocols: These protocols enable agents to relay information and together make decisions. Thus, good communication will enable all agents to receive the most current data and thus be aware of market trends.
3) Decision Rules: These are predetermined rules that guide agents regarding how to interpret data and make decisions. These rules usually imitate the simple behavioral rules present within the natural swarms-for example, either to align with neighboring swarming agents or to strive for consensus.
IV) Applications of ASI in Trading
1) Market Prediction: ASI systems can process enormous market datasets, recognize historical patterns, and analyze real-time news to make informed market predictions. By providing agents with a common perspective, this system is capable of forecasting stock prices, commodities, or any other financial instruments much more effectively compared with conventional techniques.
2) Risk Management: In trading, effective management of risk is a very important aspect. ASI facilitates the comprehensive examination of the volatility of the market and how individual investors behave to identify possible risks. In this way, the risk assessment will benefit from the wisdom of the crowds and its falling human error rate.
3) Algorithmic Trading: ASI controls technological trading as it is in constant evolution by the market and the traders. This evolution is beneficial in the aspect of lowering the costs of the trading algorithms concerning the costs of the transactions carried out.
4) Sentiment Analysis: ASI technologies monitor and examine the social networks, news, and traders’ discussions within trader communities to analyze these markets. Such up-to-date information avails the traders of the present atmosphere of the markets which is useful in making forecasts at the right time.
V) Merits of ASI in Trading
1) Increased accuracy: The inherent ASI decision-making characteristics increase the accuracy of market forecasts and trading decisions.
2) Greater efficiency: ASI digests material far more rapidly than older methodologies – enabling quicker actionable measures and therefore earning better trades by the traders.
3) Ongoing learning: ASI systems can learn and refresh their knowledge of the markets on an ongoing basis further increasing their adaptability.
4) Lower subjectivity: The incorporation of crowds helps to curb individual limitations and therefore results in a more objective analysis of the market that is devoid of personal bias.
VI) The Future of ASI
With the development of artificial swarm intelligence, its application in trading will surely diversify. More sophisticated agent communication systems will probably be necessary, faster information processing systems in real-time and systems with more capacity. All these will see the integration of ASI more into trading.
VII) In conclusion
Artificial swarm intelligence is a revolutionary method for making decisions in trading. The collective intelligence of the system allows traders to form better predictions accurately, increase their efficiency, and manage their risks. With future technological advancement, the role of ASI in trading will continuously see increased emphasis, leading the financial market into the future.
- Ely
A2Z Cust2Mate Solutions Announces New Funding InitiativeA2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) , a retail technology leader, announced a successful capital raise through a direct stock offering. The company agreed to sell over 5.4 million common shares to accredited investors at US$0.75 per share, which is in line with the current market price. This move is expected to provide A2Z with additional funds, which will be used for working capital and overall corporate operations.
One of the standout aspects of this deal is that it does not involve any warrant coverage—an element that many investors tend to look out for as it can potentially dilute their holdings. This shows that A2Z’s management is confident in the company’s current valuation and is prioritising their shareholders' interests.
Furthermore, the funding round was supported by existing shareholders and insiders, indicating their belief in A2Z’s growth trajectory and future success. The funds raised are earmarked for expansion and development efforts, signalling A2Z’s ambitions to scale its operations and enhance its innovative technology solutions on a global level.
This fundraising exercise reflects A2Z's proactive approach to strengthening its financial position without engaging a placement agent, which also demonstrates cost efficiency. The company has secured this capital under favorable terms, which is an encouraging sign for investors and stakeholders alike.
This offering was made under an existing registration statement with the U.S. Securities and Exchange Commission (SEC), ensuring transparency and compliance with regulatory standards. For investors, this signifies a step towards a brighter, more expansive future for A2Z, one backed by solid financial planning and the support of its core shareholders.
As A2Z continues its journey in the tech world, this new funding will be key in driving its growth initiatives, setting the company up for more innovative developments and greater market reach in the near future.
SMCI Is it a by after the stock split??Super Micro Computer Inc (SMCI) just had their 10-for-1 stock split and what's on everyone's mind now is this: Is it a buy? Well after a fresh 8-month Low last Thursday, the market certainly doesn't look at its best, quite the contrary, it is on the worst position it could be after the July 15 High and the start of a Channel Down with series of Lower Highs and Lower Lows.
There is a certain level though, where all of SMCI corrections came to an end since the March 23 2020 bullish break-out during the COVID flash crash, and that is the 1W MA100 (green trend-line).
As you can see, before the stock turned completely parabolic in May 2023, it was trading within a Channel Up since the October 01 2018 market bottom. With the use of the Fibonacci Channel levels, we can accurately put into context the subsequent parabolic move too, which extended all the way to almost the 4.0 Fibonacci extension on the week of March 04 2024 and the All Time High (ATH), before starting its correction.
In the meantime, notice the excellent Buy Signal that the 1W RSI is giving in the last 6 years, every time it approaches the 30.00 oversold barrier.
So as long as the 1W MA100 keeps closing the stocks weekly candles above it, we will be bullish, targeting $125.00 (the ATH). If that fails to support though, expect further downside to the 1W MA200 (orange trend-line), where we will place a second long-term buy.
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Is Microsoft's Quantum Leap a Calculated Investment?In the dynamic landscape of tech investment, Microsoft's quantum computing advancements have sparked significant interest. However, as with any emerging technology, the question remains: is the potential return on investment justified by the inherent risks?
Microsoft's strides in quantum computing are undeniable. From creating record-breaking logical qubits to demonstrating practical applications, the company has established itself as a frontrunner in this field. Yet, the path to commercialization is fraught with challenges, including technological hurdles and intense competition.
Investors must carefully evaluate the potential rewards against the risks. While the long-term prospects of quantum computing are promising, the short-term challenges and market uncertainties cannot be overlooked. Is Microsoft's strategic positioning and technological prowess sufficient to navigate these obstacles and capitalize on the potential benefits of quantum computing?
A Deeper Dive:
To make an informed investment decision, investors should consider the following factors:
Technological Progress: The rate of advancement in quantum computing technology will significantly impact the timeline for commercialization and potential returns. While Microsoft has made significant strides, the field is still evolving rapidly.
Competitive Landscape: The competitive landscape in quantum computing is dynamic and includes other tech giants like Google, IBM, and Amazon. The ability of Microsoft to maintain a competitive edge will be crucial for long-term success.
Market Demand: The potential market for quantum computing applications is still emerging. The development of practical use cases will be essential to drive demand and justify investment.
Regulatory Environment: Government policies and regulations can impact the development and commercialization of quantum computing technologies. Investors should be aware of any potential regulatory hurdles.
Economic Factors: Macroeconomic conditions, such as interest rates and market volatility, can influence investment decisions. Investors should consider how broader economic trends may affect the quantum computing market.
Conclusion:
Investing in Microsoft's quantum computing endeavors presents both opportunities and risks. While the long-term potential is significant, investors must carefully assess the factors outlined above to make an informed decision. As the field continues to evolve, it will be essential to stay updated on the latest developments and market trends.
ROCKET LAB Time the next pull-back and buy.Exactly 4 months ago (May 29, see chart below) we gave the ultimate long-term buy signal on Rocket Lab (RKLB) when it was trading at $4.39 and eventually not only did it return us +100% profit by hitting our $8.75 Target but even broke above the 2-year Higher Highs trend-line and Resistance 1:
It is now confirmed that the stock has broken into a new Bull Cycle and won't (most likely) continue to follow the accumulation pattern of the previous 2-year Ascending Triangle. This is also evident on the 1D RSI, which is rising on a Channel Up.
In our opinion it will continue the pull-back buy low sequence that started in July. The next key Resistance is the 0.618 Fibonacci, above which we expect the next short-term correction to start. Our intention is to buy again at 9.15 or if we see 2 red 1W candles first.
Our next Target will be 14.50 (the 0.786 Fib).
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Is Tesla's Robotaxi the Future of Urban Mobility?Tesla, the electric vehicle pioneer, is poised to disrupt the automotive industry once again with its highly anticipated Robotaxi. As the company prepares to unveil this groundbreaking innovation, the world is abuzz with excitement and anticipation. But can Tesla truly revolutionize urban mobility, or will the challenges of autonomous driving prove too insurmountable?
The Robotaxi industry is still in its infancy, with companies like Waymo and Baidu taking early strides. However, Tesla's entry into this space could have a profound impact, given its strong brand recognition and loyal customer base. The company's advanced Full Self-Driving technology, coupled with its expertise in electric vehicles, positions Tesla as a formidable competitor.
Yet, the road ahead is fraught with challenges. Regulatory hurdles, safety concerns, and intense competition will test Tesla's mettle. The company must navigate a complex regulatory landscape, ensure the safety of its passengers and pedestrians, and develop suitable infrastructure to support the widespread adoption of Robotaxis.
Perhaps Tesla's greatest advantage lies in its existing customer base. Tesla owners are known for their early adoption of new technologies, which could give the company a leg up in gaining acceptance for its Robotaxi service. However, public trust and acceptance will be essential for the success of this revolutionary concept.
As Tesla prepares to unveil its Robotaxi, the world watches with bated breath. The future of urban mobility hangs in the balance. Can Tesla overcome the challenges and usher in a new era of transportation? Only time will tell.
Alphabet (GOOGL): Gap Fill and the Future of Wave (2)We remain convinced that Alphabet is currently in Wave (2) after the well-defined end of Wave (1) at $197. Following that, we saw a sharp and fast sell-off, which looks more like a Wave A rather than the full Wave (2). This is further supported by the fact that the sell-off respected the 38.2% Fibonacci retracement level perfectly, a typical level for Wave A.
We still have an open gap above, and we believe this should get filled, especially considering the nature of Wave A. We're expecting Wave B to reach between the 61.8% and 78.6% Fibonacci retracement levels. Right between these two levels lies the gap, making it highly likely that this gap will get filled before we continue the downtrend.
Looking further ahead, if you're asking where we would consider buying shares, there are two potential opportunities. The first is around the 50% Fibonacci retracement level and the Point of Control (POC), and the second is lower in what we call the "Great Buy" zone, between $116 and $100. While this might seem like a significant drop, we saw a similar decline in 2022, so nothing is off the table.
We'll keep monitoring this closely for you.
What Lies Beyond the Horizon of Memory?In the ever-evolving landscape of technology, the horizon of memory has been pushed back further than ever before. Micron Technology, a pioneering force in the semiconductor industry, has once again redefined the boundaries of what is possible. Their recent financial performance, driven by the surging demand for AI-powered memory solutions, is a testament to their unwavering commitment to innovation.
Micron's Q4 results were nothing short of extraordinary. Revenue soared by an astonishing 93%, fueled by the insatiable appetite for data center memory chips that power AI applications. The company's strategic positioning as a leading supplier of High-Bandwidth Memory (HBM) has proved to be a masterstroke. HBM, a critical component in AI servers, has become a cornerstone of Micron's success, securing long-term contracts and commanding premium pricing.
Beyond HBM, Micron's diversified memory portfolio ensures a sustainable growth trajectory. The company's dominance in DRAM and Nand flash memory, essential components for personal computers, servers, and smartphones, positions it to capitalize on the ongoing surge in device shipments and the increasing integration of AI functionalities.
Micron's competitive edge is further solidified by its strategic investments in capacity expansion, including a new fabrication site in New York. This expansion not only reinforces Micron's position as a leader in the memory chip industry but also paves the way for future innovation and growth.
As the AI revolution continues to unfold, Micron's unwavering commitment to pushing the boundaries of memory technology remains steadfast. Their ability to anticipate and address the evolving needs of the market has positioned them as a key player in shaping the future of AI and beyond. The question that lingers is: what lies beyond the horizon of memory?
Potential Harmonic Bearish Butterfly Could Push QQQ to $525+Here I have Invesco Trust NASDAQ:QQQ on the Daily Chart!
Invesco Trust NASDAQ:QQQ follows the NASDAQ 100 Index which is Tech-Industry Heavy.
Price currently is struggling at ( $485 - $486 ), the 78.6% Fibonacci Level responsible for giving us our B point in what appears to be a potential Bearish Harmonic Butterfly Pattern!
Harmonic Butterfly
X - B = .786
A - C = .382 - .886
B - D = 1.618 - 2.24
X - D = 1.272 - 1.618
If Price is able to break through this Level, then by the Harmonic Butterfly Parameters, we could see the CD Leg extend to the 1.272 - 1.618 Fibonacci Levels @ ( $525.30 - $553! )
Fundamentals:
* Feds have already began their Easing Cycle with the more then expected aggressive 50 bps cut to Interest Rates. With more cuts already planned in the foreseeable future, this will begin to help the economy bounce back!
*Thursday, Sept. 26th: Final GDP, Unemployment Claims & Powell Speaking
Friday, Sept. 27th: Core PCE Index
Indicators:
- Price is trading Above the 200 EMA
- RSI Above 50
- Bullish Volume Building
Is the Future of Agreements AI-Powered?In today's rapidly evolving digital landscape, the way we conduct business is undergoing a profound transformation. One area that has seen significant disruption is the management of agreements. Traditional paper-based processes are being replaced by electronic solutions, and at the forefront of this revolution is DocuSign.
DocuSign has not only pioneered the use of electronic signatures but has also taken a significant step forward by integrating artificial intelligence (AI) into its agreement management platform. This strategic move has positioned DocuSign as a leader in the industry, offering unparalleled efficiency and value to its customers.
By leveraging AI, DocuSign's Intelligent Agreement Management (IAM) platform can automate and streamline various aspects of the agreement lifecycle, from creation and negotiation to execution and management. This not only saves time and reduces errors but also provides valuable insights and analytics that can help businesses optimize their operations.
Beyond its technological advancements, DocuSign has also demonstrated a strong financial performance, reflecting its ability to capitalize on market opportunities and execute its growth strategy. The company's expansion into new markets and strategic partnerships further solidify its position as a leader in the industry.
As we look to the future, it is clear that AI-powered agreement management will play a crucial role in shaping the way businesses operate. DocuSign's commitment to innovation and its strong financial performance make it well-positioned to continue leading the way in this transformative field.
ORACLE Channel Up targeting $200.Oracle (ORCL) broke above its previous High last week and even though the current one is under a certain degree of volatility (reasonable due to the Fed), this confirmed the upward continuation of the trend.
Technically, the stock has been trading within a long-term Channel Up since the September 2022 market bottom and after a prolonged test this year of the 1W MA50 (blue trend-line) as Support, it has started the new Bullish Leg with the current phase being the last one.
An ideal 1W RSI symmetry suggests that we might be printing a sequence similar to March - June 2023, which peaked after a +110% rise from its bottom.
As a result, we remain bullish on Oracle, targeting $200.00 by the end of the year.
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Nvidia Has Strong Fundamentals but is that Enough?One Of the Biggest Success stories of 2023... NASDAQ:NVDA Truly Gained traction under the insane Artificial Intelligence Growth and alongside the hype train that skyrocketed most Semiconductor Stocks. The Balance sheet is a undeniable strength with more then 3 assets to 1 Liability, with good cash able to cover debt based on the balance sheet. Nvidia has very strong Fundamentals is that enough to justify the PE Ratio being at 55.94x ? and a Price to Sales Ratio of 30.3 ? and its price to books ratio at 50.2 , using these valuation methods Nvidia comes up as a expensive based on its current price to me personally. The RSI Is also pretty high at 53 . I am definitely interested in seeing how Nvidia plays out in the long-term. Share price has been aided by very high revenue growth beating all forecasts by analysts in recent Quarters. Nvidia Benefits from high profit margins, however is that enough to justify the high share price? as for management and there use of the cash we can see that Net margins are 55.0%, ROE of 91.1%, ROA of 60.9%, ROCE of 83.6%.
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Business Revenue Sources:
84.8% of the revenue is derived from "Compute & Networking"
15.2% of the revenue is derived from "Graphics"
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Balance Sheet:
Cash: US34.80b
DEBT: US8.46b
Equity: US58.16b
Total Liabilities: US27.07b
Total Assets: US85.23b
14.5% -> Debt to Equity Ratio
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Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Nvidia) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may be different for each investor and trader. Please do not make opinions based on this or any idea. Please be careful!
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Idea:
SPOTIFY to resume the uptrend and target $400.Spotify (SPOT) tested and held the 1D MA50 (blue trend-line) on Monday. This is the second progressive MA hold it makes after rebounding on the 1D MA100 (green trend-line) on July 18 2024.
The latter technically was a Higher Low on the nearly 2-year Channel Up pattern that has posted two cycles of Bullish Legs within that time span of around +160% each. The 1D RSI is posting a similar Bull Flag as in September - October 2023, so we might be in the same symmetry as that price action.
As you can see, that fractal rose to above the 1.5 Fibonacci extension following a 1D MA50 rebound, so if the current price action replicates it, we should see $400 by early November.
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Is IBM's retreat from China a strategic gamble or a harbinger ofIBM's recent strategic decision to shutter its research and development center in China has sent ripples through the global tech industry. This move, coupled with the exodus of other American tech giants, has ignited a heated debate about the forces shaping the future of business in the world's second-largest economy.
Is IBM's retreat a calculated response to changing market dynamics, or is it a canary in the coal mine, signaling a broader shift in the geopolitical landscape? As we delve deeper into the intricacies of this decision, a complex picture emerges, one that challenges our understanding of the delicate interplay between business, politics, and economics.
IBM's withdrawal from China is not merely a corporate decision but a reflection of the evolving tensions between the world's two superpowers. The escalating trade wars, regulatory hurdles, and geopolitical uncertainties have created a challenging environment for foreign businesses, forcing them to reassess their strategies.
However, IBM's decision is also a strategic one, driven by factors such as cost optimization and a desire to focus on core competencies. By relocating its operations to regions with lower labor costs, IBM can enhance its profitability and allocate resources more efficiently.
As we navigate the complexities of this situation, it's imperative to recognize that IBM's retreat is not an isolated incident. It is a symptom of a broader trend, a reflection of the challenges faced by foreign companies operating in China. The economic slowdown, increased nationalism, and regulatory uncertainty have created a perfect storm that is forcing businesses to rethink their China strategies.
The future of business in China remains uncertain. IBM's decision is a stark reminder of the delicate balance between economic opportunities and geopolitical risks. As the world continues to evolve, it is essential for businesses to remain agile, adaptable, and prepared to navigate the challenges and seize the opportunities that lie ahead.
SNAP is perhaps the best buy in the market right now.Snap Inc. (SNAP) has formed a Double Bottom around 8.30 and posted a strong rebound yesterday, while the 1D MACD is already on a Bullish Cross since August 19. The latter has been the strongest buy signal since December 29 2022
The minimum level that the stock hit after such signal has been the 0.5 Fibonacci retracement level, so even if the price marginally pulls back for a re-test, the current levels are an excellent medium-term buy opportunity. Our Target is $12.00 (just above the 0.5 Fib).
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