Osaka Protocol (OSAK) - patience and then...Quick reminder,
non financial advice, don't trade risky meme coins. Is Osaka more than a meme coin, perhaps?
Do your own research.
This is the one of the strongest charts - I see no sign of weakness in the chart.
Perfect bounce and retest 0.5 fib-level.
Will retail figure it out soon?
Utility
Good Risk to Reward Short on HENYSE:HE just finished a $558 million equity offering (Their market cap was around 1 billion), selling 54.05 million shares at $9.25 per share. They will use this to fund 1 of 4 payments for the Maui wildfires. The stock held pretty strong, but we also had a decently strong market last week. Considering the dilution and likely further share offerings it has a decent chance of maintaining it's low PE and with the new shares on board that would price it closer to 7.
The price action from this week gives us a really nice risk NYSE:HE reward setup, and we can either just stop over the wicks of the last 4 daily candles or if we want to swing for a longer move stop at the 20 ma.
This is absulutely crazy!What a beautiful bull flag we have here! This token $BTAF is going to be launched on BitMart next 15th of May
We have a initial target of more than 4x for the next weeks !
The target confluences with the top Beam Band also, giving more confidence on this trade. It is a very good alignment with technical and fundamental analysis
$BTAF is the utilitary token of "Bitcoin Trend and Forecast" community, that uses proprietary AI algorithm to forecast price targets and chart patterns on the market. You just need to check it out, because it is life changing for any trader!
I appreciate the use of my referal if you buy any product (like indicators or analysis) or course there!
Cheers!
Long Brazil Energy CIGCompanhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company engaged in the energy sector. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the generation, transmission and distribution of electricity. The Generation division consists of the operation of hydroelectric plants, wind farms and photovoltaic plant. The electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. In addition, the Firm is also engaged in the natural gas distribution throughout the territory of the state of Minas Gerais.
$NEE performing well lately$NEE broke out of an inverse head & shoulder pattern.
Downside is likely over for this, at least for now. Keep an eye on the next resistance levels to look for an exit.
73ish to 86ish is not a ton but it helps pay the bills.
We may also get 2 dividends if it holds until May'ish.
#utility
Endesa, S.A. (ELE.mc) bearish scenario:The technical figure Channel Up can be found in the Spanish company Endesa, S.A. (ELE.mc) at daily chart. Endesa, S.A. is a Spanish multinational electric utility company, the largest in the country. The firm, a majority-owned subsidiary of the Italian utility company Enel, has 10 million customers in Spain, with domestic annual generation of over 97,600 GWh from nuclear, fossil-fueled, hydroelectric, and renewable resource power plants. Internationally, it serves another 10 million customers and provides over 80,100 GWh annually. The company has additional interests in Spanish natural gas and telecommunications companies. The Channel Up has broken through the support line on 15/06/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 23 days towards 17.745 EUR. Your stop loss order according to experts should be placed at 21.060 EUR if you decide to enter this position.
The company presents its results from January to March, in which it registers a 31% decrease in ordinary net profit to €338 million, although if the extraordinary impacts recorded in 2021 were to be excluded this result would increase by 14%.
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.
Excelerate Energy $EE still holdingNYSE:EE is a company that provides liquefied natural gas and energy solutions in Texas, USA. They recently signed a FSRU (Floating Storage Regasification Unit) Charter Agreement with Gasgrid Finland to provide "energy security and supply diversification to Finland while also serving more broadly the needs of the Baltic Sea region".
I bought an initial position at the breakout from a "low cheat", it had a good follow through but then the outside bar erased it.
Now I just tightened my stop below the $28.75 zone because the selling has been in light volume and its a good resistance line.
If the price makes a new high above $31 I'll be buying it. For now I'll wait.
4/24/22 XLUSPDR Select Sector Fund - Utilities ( AMEX:XLU )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $ --
Current Price: $74.25
Breakout price: $77.20
Buy Zone (Top/Bottom Range): $74.05-$71.25
Price Target: $76.60-$77.30 (1st), $82.60-$84.10 (2nd)
Estimated Duration to Target: 24-25d (1st), 109-114d (2nd)
Contract of Interest: $XLU 5/20/22 75c, $XLU 12/16/22 75c
Trade price as of publish date: $1.72/contract, $4.50/contract
Comcast analysis. Another great buy for infra development.Hi everyone,
Today we will take a look at NASDAQ:CMCSA stock.
This company will benefit from the infrastructure bill signed in November. I have covered this in my YouTube video.
I would expect company's earnings to reflect the benefits later in 2022.
Where are we at now?
Stock is currently trading at November 2020 level. It has gone down 25% since its top in August, which is quite a lot for such a conservative stock.
What happened?
Stock price met a worthy demand at 46 level and bounced nicely. I consider the area of 48.6 - 48.6 to represent great demand zone; thus, a good accumulation area.
What's next?
With this play expect a half-year to full year hold with additions on key levels.
I would not trade this stock for a short-term gain.
Please let me know your thoughts on this.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
Southern Company looks to be breaking out of "Something"My last SO idea denoted my overall short-term bearishness in the stock and my downward arrow essentially followed perfectly the support of the down trend. I think this trend is over. So far, the daily candle is showing enormous upward momentum. The last time this happened the stock saw a very sharp appreciation before settling on the mid-$60 range. I think this will happen again. I'm going to slow down my accumulation until I see what's happening the rest of December.
Hurry Up and Wait on SO***None of my ideas, this on included, are financial advise. Tread cautiously. Markets are know to enjoy punishing the un-wary.***
Previous Idea, Profit, and Short-term Movement
I've shared a couple ideas on Southern Company and thus far the stock movement has been very predictable; moving around earnings and payouts. Based on my previous idea (linked), I just made a nice profit on Feb 2022, $65 strike calls for SO. I think from here we'll move back to near fair value ($60-$61) over the next month or two. This is a good place to enter a short position. I don't like buying puts as risk is high but a covered call would be an acceptable position, in my view.
Catalyst for Change
My belief is this equity will move as it has for the past year-and-a-half until the Fed tapers bond purchases. I believe once a taper is announced there will be a flight to blue-chip/high capital asset companies (like SO and other utilities). This may manifest as an increase in price of SO stock that breaks its recently established trend. (for example, see price action from late 2018 to early 2020).
Lifetime Valuation
This should not be construed as a bearish flag on SO's stock, overall. This idea only shares my thoughts on the probable trajectory of the stock in the short term. My overall valuation on this company is very bullish; specifically given the considerable upside with their Vogtle nuclear project.
Possible SO Buying PointMomentum on the daily is moving favorably though the stock didn't hold the engulfing pattern. RSI corroborates the downward trend with most recent standing of "oversold" as it touches the 200 SMA. I'm looking at a bounce off the 200 SMA over the next couple weeks to hold the upward trajectory SO's held since May 2020.
If we can't hold the 200 SMA this week I'm looking for a downturn toward ~$57.00
I'll be looking to add to my position this week if things still look relatively strong Thursday.
5110 : Can utility companies stocks provide high gains?
The classis answer is No!
because of limited growth and sensitive pricing.
However, utility companies like any other company can have change of strategy, management and even product.
Saudi Electric company had recently announced major changes to its governance and strategy by minister of energy himself. The chart tell the story that has been taking place since 2017, a relevant date to change of economic policies in the kingdom.
Since then, the stock had been trading in a volatility funnel and out performing on its targets. Recently the price-action broke above the 20 SAR level, a significant level to hold to continue in the up trend.
Next target coming up is 25 SAR given possible retracement to 21.0 SAR in the coming days.
TADAWUL:5110
HUOBI TOKEN HEADED FOR ALL-TIME HIGH?Looks like Huobi may be able to breakout of a long cup and handle pattern. If we can get a weekly close above the $6.20 mark I believe we will head to very near $9. Huobi as an exchange is phenomenal and they currently hold the second highest exchange rating via coinmarketcap (not based on volume but overall quality of the exchange). The utility of the token is very similar to Binance Coin. If Huobi is able to consistently grow its user base, then Huobi Token should grow right along with it. During the 2018 crypto bear market there were only 3 coins that closed the year positive (chainlink, BNB, and Huobi Token. In my opinion that makes Huobi Token a lower risk investment given the uncertainty of current market situations. I will be holding $HT long term.
Not financial advice. DYOR
FORTIS: A World Renowned Dividend Aristocrat with StabilityFortis is one of my favourite companies: after all, in an unstable environment that we are currently in, with a likely recession right before our eyes, investors should be seeking undervalued, defensive and dividend aristocratic stocks.
I personally own about 2500 shares of the company and always looking to buy more. This is one of the few companies that has actually seen remarkable growth over the past several years and decades and has a nice uptrend with a 46+ consecutive year in dividend hikes; another one of my favourites is TC Energy (TRP).
Another benefit is that Fortis has nearly 100% regulated utilities which means they own all the infrastructure in which they supply. This offers investors with growth and stability.
Technically speaking the stock has actually broken out of about a 30+ year channel to the upside and should see multiple expansion, especially as people flock to defensive stocks like utilities once again. Growing EPS and only trading at about 14x P/E is quite cheap in this market and I wouldn't be surprised if we see Fortis topping 70 bucks in 2020.
In general, most dividend aristocratic stocks usually have relatively poor growth over many years and/or are somewhat unstable, however, Fortis represents one of the few shining lights.
As I have said numerous times, this is not the market you want to be on the offensive. I pin momentum stocks like Apple and Microsoft having a minimum of 15% more downside than current price - and thats assuming the environment does not drastically worsen (which could be rather improbable betting against that).
Stay cautious and play safe and don't listen to the cows on CNBC saying to "buy all dips at all times".
- zSplit