FYBR Weekly BullflagAfter a catalyst with NYSE:VZ FBYR looks ready to run higher towards 40
- $35.93 is key area to hold for immediate push upwards
- May move with or without other telecoms
Telecommunications
AT&T Investigates Data Leak Impacting MillionsTelecom giant AT&T ( NYSE:T ) finds itself embroiled in an investigation following a distressing data breach that has left millions of customers vulnerable to exploitation on the dark web. The incident, which occurred approximately two weeks ago, has thrust AT&T ( NYSE:T ) into the throes of cybersecurity scrutiny as it grapples with the fallout of compromised personal information.
Preliminary assessments reveal that the breach has affected a staggering 7.6 million current account holders and an additional 65.4 million former customers, raising alarms about the security protocols safeguarding sensitive customer data. The leaked dataset, dating back to 2019 or earlier, comprises a trove of personal information, including names, addresses, phone numbers, dates of birth, and Social Security numbers.
While AT&T ( NYSE:T ) moves swiftly to mitigate the fallout by resetting passcodes for affected users and extending credit monitoring services, the source of the leak remains shrouded in mystery. As investigations unfold, the company remains steadfast in its commitment to addressing customer concerns and fortifying its cybersecurity infrastructure.
This incident marks yet another blow to AT&T's reputation, following a recent cellular outage in February that left customers grappling with service disruptions. Despite assurances that the outage stemmed from internal system glitches rather than malicious cyber activity, the recurrence of such incidents underscores the ever-looming specter of cyber threats in an interconnected digital landscape.
For AT&T ( NYSE:T ), the stakes are high as it navigates the complex terrain of data security and customer trust. The company's proactive measures to engage affected users and offer remedial support signify a concerted effort to uphold its commitment to customer satisfaction amidst adversity.
As the telecom behemoth grapples with the fallout of this breach, the broader implications resonate across industries grappling with the escalating threat of cyber intrusions. With cybercriminals leveraging the dark web as a breeding ground for nefarious activities, the imperative for robust cybersecurity measures has never been more pressing.
"WOW Stock Presents Knife Catch Opportunity"Unveiling WOW Stock: Potential Double Bottom Signals Opportunity Amidst Knife Catch
WOW stock, an intriguing asset in the investment landscape, is garnering attention for its potential double bottom formation, offering investors a sharp knife catch opportunity. With the next test for breakout set at $5, a successful breach of this level could trigger a massive run-up in price. However, should $5 act as resistance, investors may anticipate a 30% return to secure profits and reload at lower levels.
Understanding WOW Stock
WOW stock represents an investment in WideOpenWest, a leading provider of high-speed internet, cable television, and telephone services across various regions in the United States. As a player in the telecommunications sector, WOW has established a foothold in the market by delivering reliable and high-quality services to residential and business customers alike.
The Double Bottom Formation
A double bottom pattern is a bullish technical chart pattern that typically forms after a downtrend and signals a potential reversal in the price trajectory. In the case of WOW stock, the emergence of a potential double bottom suggests that the downtrend may be losing steam, paving the way for a potential bullish breakout.
Knife Catch Opportunity
For investors seeking to capitalize on the potential reversal in WOW stock, the double bottom formation presents a knife catch opportunity. A knife catch refers to the act of buying a stock at or near its perceived bottom, with the anticipation of a turnaround in price. By identifying the potential double bottom formation and strategically entering the market, investors may position themselves for significant gains if the breakout occurs.
Breakout Test at $5
The next critical test for WOW stock lies at the $5 price level. A successful breakout above $5 would validate the double bottom pattern and signal a bullish continuation, potentially triggering a substantial run-up in price. This breakout level serves as a key psychological and technical barrier, attracting buying interest and fueling momentum in the stock.
Potential Return and Risk Management
In the event that WOW stock breaks above $5, investors may consider riding the momentum for potential gains. However, should $5 act as resistance, investors may opt to secure profits and reload at lower levels, anticipating a potential retracement of up to 30% before initiating new positions. Effective risk management strategies are essential to navigate the volatility associated with such trading opportunities.
Conclusion: Opportunity Amidst Uncertainty
In conclusion, WOW stock presents an intriguing opportunity for investors as it forms a potential double bottom pattern amidst market uncertainty. With the next breakout test set at $5, investors have the opportunity to capitalize on a potential sharp knife catch and position themselves for significant gains in the event of a successful breakout. However, prudent risk management is crucial to mitigate potential losses and navigate the inherent volatility of such trading opportunities.
UPDATE: MTN on the way to the R60.65 level :(Diamond Formation formed on MTN.
This is a broadening pattern that could have broke either way. The fact that it broke down and almost retested the 200MA showed the momentum was down and bearish.
Now it's on a one way trip down. First to R90.00 at next support
If it breaks below we could very well see our main target at R60.65
FUNDAMENTALS
MTN Group, a big telecom company in Africa, is facing a serious lawsuit in the US.
They are accused of doing business with a group linked to terrorism, which could have helped fund terrorist activities.
This is a big deal because it's the first time a company might be held responsible in the US for helping a terrorist group. Because of these legal issues, investors might be worried about MTN's future.
This concern can lead to a drop in MTN's stock price, as investors might sell their shares fearing potential financial losses or damage to the company's reputation.
MTN Black Diamond to take the price to R60.65?Diamond Formation formed over ther last two years with MTN.
Now initially, you wait for a breakout before you trade a broadening pattern like the diamond.
And then, we saw it break below - showing the momentum and supply was higher to the downside.
I sent this analysis out and called it a short investment. What that means is that this type of trade is a LONG hold and it will take time to hit the target. Luckily with CFDs you'll earn interest on the trade.
And as price is staying below the 200MA, the target is still on to R60.65
Thoughts?
Poor vodacom - Target hit at R92.00 but very unexpectedlyUm... Ok I did not expect that.
Look Vodacom has been going through a very tough down channel since April 2022. The high was around R160.00.
The downtrend then subsided but started moving in a very eloquent channel with highs and lows.
Well we expected the channel to hit the high and drop down to R92.00. But not in one candle suddenly.
I don't even know if there was enough liquidity to get most people out, but here we are.
So the channel will continue until it breaks. And Range Bounded traders will be thrilled to continue profiting going long and short.
Are you?
Breakout and retest at VodafoneOn the 4 hr chart:
Breakout on 3rd November and retest on the 9th November, backed up by some above average buys on 7th and 8th November too. In the next few days, will it pull higher? Wait and see.
AT&T: Dark Cloud Cover at Resistance ZoneAT&T has formed a Dark Cloud Cover after being rejected from the upperbound of the Resistance Zone and is now trading below the 200SMA and 800EMA with Hidden Bearish Divergence forming on the MACD. If it plays out, I think we could see AT&T make its way down towards $13.20
Vodacom bear channel thrives to R90.00This ongoing bear channel has been going since March 2022...
It's not been the haven for breakout traders. But an absolute beauty for trend traders and range bounded traders...
As long as the price continues in the range we could see the price head to R90 till March 2024...
Also the main indicator is the 200MA. If the price remains below it's bearish -Simple.
Target R90.00
UPDATE: MTN heading to test the mighty 200MA before downsideThe Broadening Diamond formation has finally broken below. The price came down but on weak selling volume.
Now it seems to head up to test the 200MA before deciding which main direction it wants to go.
THe overall prior trend was down and the breakdown was also confirming for the bears.
WIll have to wait for a conservative approach for the price to test the 200MA before taking any action.
UPDATE: MTN still crashing do the R60 mark due to a DiamondWe posted this Diamond Formation earlier in the year.
The price broke below the formation, and since then it's been on a way way trip.
Price<200 which signals a confirmed bear market.
Target remains down to R60.65.
Which way will MTN break out of the Diamond?Diamond Formation has formed since September 2022.
This is a weekly chart because MTN is by far the most difficult market to analyse.
It is famous for moving sideways for extended periods of time. Then it eventually breaks out and moves in a trend for a short but powerful period.
This is only a market for trend traders who wait for the big move.
Or for range bounded traders who buy and sell within the range.
My ego is not high enough to choose a direction, so when it breaks out - we can choose to go long or short.
7=21
Price>200
Target up R203.90
Target down R60.65
APPLE Next stop 200 after a pull-backLast time we bought APPLE (AAPL) on the short-term was on June 05 (see chart below), after a technical pull-back, and easily hit our 190 target:
The stock has maintained the Channel Up since late March with the 1D MA50 (blue trend-line) in Support since January 25. Based on the 1D RSI, which has been within a Rectangle pattern while the stock is on the Channel Up, we are about to see a technical pull-back towards the Higher Lows (bottom) trend-line and then rebound for a Higher High. That is a short-term opportunity for buyers to target $200.
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Telkom Down channel to R15.00 nextDownward Channel has formed on Telkom.
The price continues to make lower highs and lower lows. We can only go with the trend as long as it continues.
So my bias is bearish as there are other momentum indicators confirming downside to come.
200>21>7
RSI<50
Target R15.00
ABOUT THE COMPANY
Telkom SA SOC Ltd. is a leading telecommunications company in South Africa, offering a range of services to both individual and corporate clients.
It was founded in October 1991 when South African telecommunications was deregulated.
Telkom operates in more than 38 countries across the African continent, making it one of the largest telecommunications corporations on the continent.
Telkom offers a broad range of services, including fixed-line telephone, mobile, broadband and fiber optic internet, digital television, and IT services.
Telkom Mobile, formerly known as 8ta, was launched as Telkom's mobile service brand in 2010.
The company has made significant investments in upgrading its network infrastructure to support advanced technologies like 4G and 5G.
Telkom has played a key role in South Africa's broadband expansion efforts, including the rollout of fiber optic networks to homes and businesses.
In 2017, Telkom introduced Telkom LIT, a digital entertainment platform offering video and music streaming services.
It has partnered with other technology and telecommunications companies on various projects. For example, it announced a roaming agreement with Vodacom in 2018.
T-Mobile US: Answer the Call! 📞Slowly but surely, T-Mobile US is answering the call of our dark green target zone between $161.69 and $168.80, heading further upwards. To finally pick up the receiver and complete wave B in dark green, the share should develop a three part upwards movement consisting of waves a, b and c in magenta, which should carry it above the resistance at $154.38. However, there is a 33% chance that T-Mobile US could have already hung up wave alt.B in dark green and thus drop below the support at $124.92.
MTN Rev Cup and Handle on Daily showing strong upside to come Rev C&H has formed on MTN.
The price has broken above the brim level and also it's broken above the downtrend since 11 March 2022.
So this looks good for upside. However there is a warning.
7>21
RSI>50
Target R165.39
WARNING:
I never ever get MTN right in all my 20 years of trading the JSE, so take this with a pinch of salt.
MTN is on my S&^t list and yet, I try do an analysis every few months.
Has a mind and personality alone.
MTN Update Still on track and crashing down to 90.29Head and Shoulders formed on MTN a month ago.
We did this prediction analysis showing the market entering into a bear market.
Also, the price broke below the neckline showing downside to come.
Price<200 21>7 - Bearish
Target is still on board to R90.29
SIDE NOTE and TIP:
Banks, Insurance and Telecomms are normally the ones to crash first before the rest of the market follow.
I call it BIT.
BITs to fall before the pieces!
Vodacom in no mans land but watch out for BIG Order BlocksI mean...
I guess it's ok for range bounded trading.
Buy at the bottom of the range and sell at the top (short) then swing the other way.
But I guess more importantly, the bigger the range the bigger the Order Block is for when the price breaks out.
There are two Order Blocks that Smart Money will sweep.
Buy Side LIquidity - Where it could sweep it all the buying where they will sell and bring the price down.
Sell side liquidity - where it could seep it all the sells where they will buy to bring the price up.
UNtil we have a confirmed Break above SSL or BSL - it's going range bounded until then.
CaixaBank (CABK.mc) bearish scenario:The technical figure Channel Up can be found in the daily chart in the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A. is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35.
The company consists of the universal banking and insurance activities of the La Caixa group, along with the group's stakes in the oil and gas firm Repsol, the telecommunications company Telefónica and its holdings in several other financial institutions.
Channel Up broke through the support line on 18/03/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 47 days towards 3.2770 EUR. According to experts, your stop-loss order should be placed at 4.1970 EUR if you decide to enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Comcast (CMCSA) bearish scenario:The technical figure Channel Up can be found in the daily chart in the US company Comcast Corporation (CMCSA). Comcast Corporation is the largest American multinational telecommunications conglomerate. It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. The Channel UP broke through the support line on 22/02/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 23 days towards 34.83 USD. According to experts, your stop-loss order should be placed at 40.74 USD if you decide to enter this position.
Comcast Corp has cut its stake in BuzzFeed Inc by 8.5% since the end of January, cashing in on a rally in the shares of the digital media company on reports of a plan to partner with OpenAI, the artificial intelligence firm behind ChatGPT.
It has so far sold more than 11 million BuzzFeed shares since Jan. 30, reducing its stake to 15.5% from 24%. The sale fetched Comcast about $28 million, according to a Reuters calculation.
It sold roughly four million shares for an average price of around $2.90 apiece at the end of January, and most recently dumped another 500,000 shares for an average of $2.05 a share, filings by Comcast showed.
NBCUniversal, Comcast's entertainment unit, had invested $200 million in BuzzFeed in 2015 and injected another $200 million in 2016, valuing the company at around $1.7 billion.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Cisco Inc. (CSCO) bullish scenario:The technical figure Ascending Triangle can be found in the daily chart in the US company Cisco Systems, Inc. (CSCO). Cisco Systems Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. The Triangle broke through the resistance line on 17/02/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 7 days towards 52.35 USD. Your stop-loss order, according to experts, should be placed at 46.43 USD if you decide to enter this position.
Investors grew optimistic about Cisco's stock last week after the company reported non-GAAP (adjusted) earnings of $0.88 per share, which was an increase of 5% from the year-ago quarter and beat analysts' consensus estimate of $0.85.
The tech giant also impressed inventors with its second-quarter sales of $13.6 billion -- up 7% year over year -- which outpaced Wall Street's expectation of about $13.4 billion for the quarter.
Sales climbed higher due in part to the company's total software revenue rising 10% from the year-ago quarter to $4.2 billion. Cisco's management said on the company's earnings call that 84% of its software revenue is now subscription-based, up 4% from the year-ago quarter.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals and cannot be held liable nor guarantee any profits or losses.
MTN neutral stand with a bullish bias with to R157.65 -Confused?Box Formation formed on MTN and the Prev. trend up
We need the price to break either ABOVE or BELOW the formation before I make any decisions.
The funny thing about MTN is how consistent the sideways moves have been for decades.
It has a personality of its own and is only something you pick up after being in the markets for a few decades.
Anyway, I like to think my bias is bullish but the signals are mixed.
21>7 price>200 - Mixed
RSI<50 - Bearish
Bias bullish target R157.65
ABOUT
MTN Group Limited (over R200 billion market cap) is a multinational telecommunications company headquartered in Johannesburg, South Africa.
The company was founded in 1994 and has operations in over 20 countries in Africa, Asia, and the Middle East.
MTN is the largest mobile network operator in Africa, with over 280 million subscribers
The company offers a wide range of telecommunications services, including voice and data services, mobile money, and digital services.
In addition to its mobile network operations, MTN has also invested in a number of other business ventures, including e-commerce, fintech, and energy services.
Verizon (VZ) bullish scenario:The technical figure Triangle can be found in the daily chart in the US company Verizon Communications Inc. (VZ). Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. Verizon's mobile network is the largest wireless carrier in the United States, with 120.9 million subscribers as of the end of Q4 2020. The Triangle broke through the resistance line on 23/12/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 29 days towards 40.32 USD. Your stop-loss order, according to experts, should be placed at 36.58 USD if you decide to enter this position.
Verizon is expected to post earnings of $1.21 per share for the current quarter, representing a year-over-year change of -7.6%.
For the current fiscal year, the consensus earnings estimate of $5.18 points to a change of -3.9% from the prior year. Over the last 30 days, this estimate has changed -0.1%.
For the next fiscal year, the consensus earnings estimate of $5.05 indicates a change of -2.6% from what Verizon is expected to report a year ago. Over the past month, the estimate has changed -1%.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
