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Investment in DOMS Industries Limited with Technical AnalysisIntroduction DOMS Industries Limited, a leading player in the branded stationery and art material products market in India, has been making significant strides in its industry. With over five decades of experience, the company has established itself as a trusted brand, known for its excellence and innovation. This blog post will delve into the company's background, industry growth, financial performance, and what drives investor interest in DOMS, along with a technical analysis of the historical price data. Company Overview **History and Milestones:** - **Inception:** DOMS was originally incorporated as Writefine Products Private Limited in 2005. Over the years, it has undergone strategic partnerships, acquisitions, and expansions to become the entity it is today . - **Key Milestones:** The company has marked significant milestones, including the acquisition of R.R. Industries and S. Tech Industries, entry into the back-to-school segment with Skido Industries, and backward integration through Micro Wood Private Limited . **Product Portfolio:** - **Diverse Offerings:** DOMS boasts a wide range of products, including scholastic stationery, art materials, paper stationery, kits and combos, office supplies, hobby and craft items, and fine art products. The company has over 4,000 SKUs and a strong presence in 28 states and 8 union territories in India, as well as in more than 50 countries worldwide . Industry Growth Across the Globe **Stationery and Art Materials Market:** - **Global Demand:** The global stationery and art materials market is driven by increasing demand from educational institutions, offices, and hobby enthusiasts. India, with its young population and emphasis on education, presents a particularly attractive market . - **Market Share:** DOMS has a significant market share in India, with approximately 12% market share overall and dominant positions in specific categories such as pencils (~29%) and mathematical instrument boxes (~30%) . Feature Growth **Research and Development:** - **Innovation:** DOMS places a strong emphasis on research and development, with a state-of-the-art R&D facility equipped with modern equipment. This focus on innovation has enabled the company to introduce high-quality, concept-driven products that meet evolving consumer preferences . **Manufacturing Excellence:** - **Backward Integration:** The company has backward-integrated manufacturing facilities, producing essential components in-house to enhance efficiency, quality control, and profitability. This approach minimizes dependence on third parties and ensures superior product quality . **Distribution Network:** - **Multi-Channel Distribution:** DOMS has a robust distribution network that includes general trade, modern trade, and e-commerce channels. This network, supported by advanced inventory and sales management systems, ensures effective market penetration and growth . Financial Performance **Revenue and Profitability:** - **Revenue Growth:** During the financial year 2023-24, DOMS achieved an operational revenue of ₹153,714 lakhs, representing a substantial growth of 26.8% compared to the previous year. The company's EBITDA margin increased to 17.7%, with EBITDA of ₹27,273 lakhs. Net profit after tax stood at ₹15,966 lakhs, with a healthy margin of 10.4% . - **Consolidated Financials:** Consolidated revenue from operations increased by 26.84% to ₹153,714.18 lakhs, with domestic sales increasing by 33.32% and export sales by 3.93% . **Financial Ratios:** - **EBITDA Margin:** The EBITDA margin for the financial year 2023-24 was 17.7%, indicating strong operational efficiency . - **PAT Margin:** The profit after tax margin was 10.4%, reflecting healthy profitability . - **Return on Equity (ROE):** The ROE for the financial year 2023-24 was 27.75%, indicating strong returns for shareholders . Technical Analysis of Historical Price Data **Trend Analysis:** 1. **Overall Trend:** - The historical price data from January 2024 to September 2024 shows a general upward trend with some volatility. The stock price has moved from around ₹1,277 in January 2024 to approximately ₹2,732 in September 2024, indicating a significant increase over the period . 2. **Support and Resistance Levels:** - **Support Levels:** Key support levels can be identified at around ₹1,800 (seen in April and May 2024) and ₹2,200 (seen in June and July 2024). These levels have acted as strong support during the price movements. - **Resistance Levels:** Resistance levels are observed at around ₹2,600 (seen in August and September 2024). This level has been tested multiple times and has shown some resistance to further price increases. 3. **Price Action Movement:** - **Bullish Movements:** There have been several bullish movements, notably from ₹1,500 in March 2024 to ₹1,800 in April 2024, and from ₹2,200 in July 2024 to ₹2,600 in August 2024. These movements indicate strong buying interest and positive sentiment towards the stock. - **Volatility:** The stock has experienced volatility, especially during periods of economic uncertainty or significant market events. For example, the price dropped from ₹2,300 in June 2024 to ₹1,900 in July 2024, only to recover and reach new highs. 4. **Important Indicators:** - **Moving Averages:** The 50-day and 200-day moving averages can be used to gauge the trend. As of the latest data, the stock price is above both the 50-day and 200-day moving averages, indicating a strong uptrend. - **Relative Strength Index (RSI):** The RSI has fluctuated between 30 and 70, indicating periods of overbuying and overselling. Currently, the RSI is around 60, suggesting that the stock is not overbought and has room for further upside. 5. **Volume Analysis:** - **Trading Volume:** The trading volume has been significant during key price movements, indicating strong participation from investors. For instance, the volume was high during the price increase from ₹1,500 to ₹1,800 in April 2024 and during the recent rally to ₹2,700 in September 2024. What Drives Investor Interest **Growth Prospects:** - **Capacity Expansion:** DOMS is expanding its manufacturing capacity, including the construction of a new facility on a 44+ acre land parcel in Umbergaon, Gujarat. This expansion is expected to significantly increase production capacity and drive future growth . - **Strategic Acquisitions:** The company has made strategic acquisitions, such as the acquisition of Micro Wood Private Limited and a stake in ClapJoy Innovations Private Limited, to enhance its product portfolio and manufacturing prowess . **Strong Brand Positioning:** - **Brand Recognition:** DOMS has been recognized for its achievements, including being honored as ‘India’s Most Trusted Brand’ and ‘Asia’s Most Trusted Brand’ . - **Market Penetration:** The company's strong brand positioning and extensive distribution network enable it to influence consumer decisions and improve pricing strategies . **Corporate Governance and Sustainability:** - **Robust Governance:** DOMS has a strong corporate governance structure, with a board comprising experienced directors and a robust committee system. The company has also implemented various policies, including a dividend distribution policy and a nomination and remuneration policy . - **Sustainability Initiatives:** The company is committed to sustainability, with initiatives focused on reducing emissions, managing waste, and utilizing eco-friendly materials. DOMS also engages in social responsibility activities, such as contributing to the construction of a hospital and providing educational scholarships . Conclusion DOMS Industries Limited presents a compelling investment opportunity due to its strong brand presence, diversified product portfolio, robust manufacturing and distribution capabilities, and commitment to innovation and sustainability. The company's impressive financial performance, coupled with its growth prospects and strategic initiatives, make it an attractive choice for investors looking to capitalize on the growing stationery and art materials market. The technical analysis of the historical price data indicates a strong uptrend with significant support levels and potential for further growth, making DOMS a promising investment for those looking to benefit from its upward trajectory.
NSE:DOMSLong
by stocktechbot
The 13 EMA System Explained...We are trying to create a video but my internet is too slow to upload so instead, for now, I will try to teach you using text. Sadly because of my slow internet we can only upload 3-minute videos. That is why it's very difficult for me to explain the trading strategies to the full But either way, we will try to let you know how to trade forex. In this article, we are looking at the power of the 13 EMA system Because it helps you determine if a stock price is under valued or not. In This forex pair using the CCI indicator changed into the 13 EMA You can see that the price of this forex pair is overvalued which means its too expensive. Hence why its a good short position. This is why this forex pair is going to crash!! You should short this pair and take profits. Rocket boost this content to learn more. Disclaimer: Trading is risky please learn risk management and profit-taking strategies.
Short
by lubosi
How To Use "The 13 EMA" System The day is quietly passing by, As am about to write down this idea on this stock to trade.. The problem with trading is that It's very hard especially if you Don't have a system to use The system am using is called "The 13 EMA." It shows you the perfect time of entry In this case we are looking at CWBC 👉Because it's a good buy 👉Because it gapped up a week ago 👉Because support is in an uptrend according to "The 13 EMA" system Before you trade you need to have a trading system,after you master a trading system. Then you can place "Good" trade. If you want to learn more Rocket 🚀 Boost This Content. ⚠️Disclaimer: Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
NASDAQ:CWBCLong
by lubosi
going long Brady corporation 1 day till earnings and looking amazing expected massive earnings along with this a acquisition of gravoteach the UK's leading printing and manufacturing company this will obviously boost earnings and will increase investor confidence along with this last earnings massively affected the price of the company boosting its stock price 14.89% which is massive if we have another surprise earnings again we could see another massive spike in price however I don’t know what to along with this matches all my undervalued criteria with this I'm going long not financial advice
NYSE:BRCLong
by porkslice
Nifty IT Complex Cup with HandleNifty IT had broken above the neckline of Complex Cup with Handle Pattern as can be seen in the chart. It is down with some bad news in the Global Markets and currently, offers a sure shot returns of 21% as per the technical target. This is the easiest money available in the Indian market right now as the companies included in the index are some of the largest and most trusted with excellent track record. As they say, investors must 'Feel Greedy when others are Fearful.' The worst is over for IT and this SAFE CONTRARIAN bet will surely make you feel proud of yourself when it achieves target. You can trade this index with ITBEES ETF available on NSE.
NSE:CNXITLong
by Gaurav_Singh_5705
TBT is a buy rate cuts likely are stalled LONGTBT is an inverse 20 year Treasury Bill ETF. At present, the Iran Israeli conflict threatens a regional conflict to include the Red Sea and the Easter Mediterranean where oil tankers must navigate to move oil from producer to consumer. Oil price escalation could go hand and hand with geopolitical escalations. Oil and its derivatives are a primary driver of inflation in the US. Inflation has been sticky and forcing the fed's ambitions to cut rate to be paused. The Middle East escalation may make matters worse overall. Federal spending ( aid to Israel for instance) is also a driver of inflation. The budget fight in DC is front and center. I see this as good cause, to continue to take adds to my TBT position whenever I can find a dip worth the discount as a further hedge against a correction in the equities markets which could come on the horizon. Granted a dip of 2-3% from the ATHs is not much but when it hits 10% or more and the VIX/UXXY continue to rise, there will be impetus in a hurry to hedge positions or close them with more urgency. For for TBT, I believe that more is better.
AMEX:TBTLong
by AwesomeAvani
BASF India - Diversified Investment**Overview and Key Highlights** 1. **Revenue and Profitability**: - **Revenue**: BASF India Limited reported a revenue of Rs. 137,674.8 million for the financial year 2023-2024, showing a slight increase from Rs. 136,447.7 million in the previous year. - **Profit Before Tax**: The company recorded a profit before tax (before exceptional items) of Rs. 7,589.5 million, up from Rs. 5,280.9 million in the previous year. 2. **Dividend**: - The Board of Directors has recommended a dividend of 150% (Rs. 15 per equity share), an increase from 80% (Rs. 8 per equity share) in the previous year. 3. **Segment Performance**: - **Agricultural Solutions**: Registered good growth driven by products like Exponus® in insecticides, Priaxor® in fungicides, and Tynzer® in herbicides. - **Industrial Solutions**: The Dispersions business saw higher volumes despite lower price realizations, while the Performance Chemicals business faced challenging market conditions but improved margins due to lower input costs. - **Materials Segment**: Performance Materials and Monomers businesses showed significant growth, driven by high demand and new product sales. - **Surface Technologies**: Coatings business improved marginally, while Catalysts business saw strong volume growth but faced higher input costs. 4. **Sustainability and Environmental Initiatives**: - BASF India Limited has been focusing on environmental stewardship, achieving REDcert2 Certification for its Dispersion plants and reducing dependence on fossil fuels by procuring renewable energy. - The company has also launched initiatives like BASF Kids’ Lab and We-Chemie to promote chemistry education and inclusion of women in the chemical industry. 5. **Corporate Governance and Compliance**: - The company has maintained high standards of corporate governance, complying with all relevant regulations and standards. - There were no significant qualifications or reservations in the auditors’ reports. **Financial Ratios and Performance Metrics** 1. **Revenue Growth**: - The revenue growth rate is approximately 1.1% year-over-year, indicating stable performance despite global economic uncertainties. 2. **Profit Margin**: - The profit before tax margin has improved from about 3.9% in the previous year to around 5.5% in the current year, reflecting better cost management and product mix. 3. **Debt and Liquidity**: - The company had no borrowings as of the end of the financial year 2023-2024, indicating strong liquidity and financial health. - The debt-to-equity ratio was nil, further highlighting the company’s robust financial position. 4. **Return on Equity (ROE)**: - Although not explicitly stated, the ROE can be calculated using the profit after tax and shareholders' equity. Given the profit after tax of Rs. 5,633.5 million and shareholders' equity of approximately Rs. 32,235.8 million, the ROE would be around 17.5%, indicating a healthy return on equity. 5. **Cash Flow**: - The company generated cash from operations of Rs. 8,072.4 million during the year, demonstrating efficient working capital management. **Core Business and Strategic Initiatives** 1. **Product Diversification**: - BASF India Limited operates across various segments including Agricultural Solutions, Industrial Solutions, Materials, Surface Technologies, and Nutrition & Care. This diversification helps in mitigating risks and capitalizing on growth opportunities across different markets. 2. **Innovation and R&D**: - The company has been investing in research and development, evident from the launch of new products like Efficon® Insecticide and the expansion of its Polyurethane Technical Development Center in Mumbai. 3. **Sustainability and ESG**: - BASF India Limited has been proactive in sustainability initiatives, aiming to reduce its carbon footprint and promote environmental stewardship. The company has set targets to reduce its absolute CO2 emissions and achieve net zero greenhouse gas emissions by 2050. 4. **Corporate Social Responsibility (CSR)**: - The company has a robust CSR policy focusing on areas such as Water, Sanitation, and Hygiene (WASH), Education, and Skill Development. It has spent Rs. 119 million on CSR activities during the financial year 2023-2024. **Risk Management and Compliance** 1. **Risk Assessment**: - The company has a mechanism for risk assessment and minimization, with regular reviews to ensure that risks are identified and controlled effectively. 2. **Compliance**: - BASF India Limited has been compliant with all statutory requirements and has not faced any significant material orders from regulators or courts that could impact its operations. 3. **Internal Financial Controls**: - The company has robust internal financial control systems in place, ensuring the orderly conduct of its business and safeguarding its assets. Price Trends and Patterns Key Support and Resistance Levels: Support Levels: The chart shows several horizontal lines indicating key support levels. These levels acted as a floor, preventing the stock from falling further during pullbacks. Notable support levels were observed around 6,000 and 5,500. Resistance Levels: Similarly, resistance levels acted as a ceiling, capping the stock’s upward movement. Key resistance levels were identified around 7,000 and 8,000. Green Lines as Support: The green lines drawn in the middle of long candlesticks have played a crucial role as support levels. These lines have consistently acted as a strong foundation, allowing the price to bounce back whenever it approached these levels. Candlestick Patterns: Bullish Patterns: Throughout the uptrend phases, we observed bullish candlestick patterns such as the hammer and bullish engulfing, signaling potential buying opportunities. Bearish Patterns: During the correction phases, bearish patterns like the shooting star and bearish engulfing indicated potential selling pressure. Volume Analysis Trading volume is a critical component of price action analysis. The volume bars at the bottom of the chart provide insights into the strength of price movements: High Volume on Uptrends: During the uptrend phases, we noticed increased trading volume, confirming the strength of the bullish moves. High volume on up days suggests strong investor interest and confidence. Volume Spikes on Breakouts: Significant volume spikes were observed during breakout attempts above resistance levels. These spikes indicate strong buying interest, often leading to sustained upward movements. **Conclusion** BASF India Limited has demonstrated strong financial performance and operational resilience in the face of global economic uncertainties. The company's focus on sustainability, innovation, and corporate governance positions it well for long-term growth and profitability. Investors looking for a stable and socially responsible investment opportunity may find BASF India Limited an attractive option. **Investment Considerations** 1. **Stable Financial Performance**: The company's consistent revenue growth and improved profitability make it a stable investment option. 2. **Sustainability Initiatives**: BASF India Limited's commitment to environmental stewardship and social responsibility aligns with the growing trend of ESG investing. 3. **Innovation and R&D**: The company's investment in research and development ensures a pipeline of new products and technologies, driving future growth. 4. **Robust Corporate Governance**: The company's adherence to high standards of corporate governance provides assurance of ethical and transparent business practices. However, investors should also consider the following: 1. **Market Risks**: The company's performance can be affected by global economic conditions, geopolitical tensions, and market volatility. 2. **Regulatory Risks**: Changes in regulations, particularly those related to environmental and safety standards, could impact the company's operations and costs. 3. **Competition**: The chemical industry is highly competitive, and the company must continually innovate and improve its products to maintain market share. Overall, BASF India Limited presents a compelling investment case for those seeking a stable, innovative, and socially responsible company with strong financial fundamentals.
NSE:BASFLong
by stocktechbot
Bearish EURCHF Trade Idea: 58.96% Probability of Hitting TP1!The Euro is facing headwinds due to ongoing economic challenges in the Eurozone. Persistent inflation concerns, coupled with the European Central Bank's cautious monetary policy stance, are weighing on the currency. Meanwhile, the Swiss Franc continues to benefit from its safe-haven status amidst global economic uncertainties. Geopolitical tensions in Eastern Europe and economic slowdown fears in major Eurozone economies like Germany are further contributing to the Euro's weakness relative to the Swiss Franc. The Swiss National Bank's commitment to maintaining price stability also supports the Franc's strength. Regarding the trading strategy, I'll be employing a probability-based approach to enter short positions on EURCHF. I use an indicator that does all the probability calculations based on historical data. Here's the comprehensive top-down analysis: 12M: 1D: 6H:
Short
by Jasminex1x2
1
Dollar General | DG | Long at $90.00Dollar General NYSE:DG took a massive hit this morning after revising their future earnings guidance. The economy is showing many signs of a recession, and this is a clear warning. From a technical analysis perspective, it has retouched my "crash" simple moving average and may dip further into the $80's in the near-term. But, like many overall strong companies that suddenly plummet, I view this as a future opportunity given the strength of NYSE:DG as a business (holistically). Dollar General is the only grocery and home goods store around in many rural locations. So, while there is doom and gloom in the near-term, Dollar General is in a personal buy zone at $90.00. I view this as a starter position, though, with the potential for future declines/opportunities for additional share accumulation in the near-term. Target #1 = $100.00 Target #2 = $122.00 Target #3 = $200.00+ (very-long term outlook...)
NYSE:DGLong
by WorthlessViews
5
The TradingView Show: Volatility Spikes with TradeStationWelcome to our latest live TradingView show with TradeStation! Kick back and watch this show to learn about the key things that are moving markets and shaping the conversation as the summer trading season comes to an end. What will you learn in this show? Recent Price Action: We’ll analyze the market movements since the "carry trade crash" and see how this has affected various asset classes. Interest Rates: We'll explore the latest developments in interest rates and their implications for trading strategies. Dollar Index: Understand the current trends in the Dollar Index and how it influences currency movements. Currencies: We’ll break down recent changes in currency pairs and what they mean for traders. Then, we dive into a masterclass about Catalysts for Stock Movements, in which you'll learn about the key factors driving stock price changes. We’ll discuss 7 important catalysts to watch for, including: 1. Growth: Look at NVIDIA’s recent performance in AI chip sales. 2. Profit Margins: Examine how companies like META are improving their profitability. 3. Strategic Actions: Consider new leadership and strategic moves, such as Starbucks' new CEO. 4. Business Transformation: Explore how companies like Netflix and Microsoft are evolving their business models. 5-7. Other Key Factors: See how Apple's shift to services fits into the broader market picture. Here are some examples of these catalysts: Growth - Monitor trends like NVIDIA's AI chip sales. Profit Margins - Track profitability improvements, such as with META. Strategic Actions - Look out for major corporate strategies, like Starbucks' new CEO. Business Transformation - Note significant shifts, such as Netflix’s new ad feature or Microsoft’s cloud computing focus. Additional Catalysts - Keep an eye on other important factors like Apple’s expansion into services. Don’t forget to jot down this checklist and join us each month for the TradingView Show, where we spotlight community members and cover educational content across equities, AI, crypto, gold, forex, and more. Compliance and disclaimers: Important information: tradestation.com/important-information/ Disclosure options: theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document ETF prospectus page: tradestation.com/insights/etf-disclosures/
TVC:VIX
by TradingView
2
GBPUSD WEEKLY ANALYSIS The weakening dollar with the Jackson Hole anticipated affirmation of expectations for an interest rate cut on September and an arguably stronger pound has seen price move to yearly highs tapping into the monthly sibi. Looking for the price to react from the imbalance and trade a little bit lower so coming week would love to see a sweep on last week's high in the early sessions on Monday ,turtle soup on the 4hr post Asia/London and go short and target past 1.31760 and 1.31110 and probably lower on the nfp. NB: Will be keeping an eye on the consumer confidence and unemployment claims later during the week.
Short
by hskarue
1
SUI/USDT Analysis Heading Towards $2.10?Current Price: $0.859 🟢 Key Points: Fibonacci Retracement: SUI/USDT is currently trading within the "Golden Pocket" between the 0.618 and 0.65 Fibonacci retracement levels, a critical area often associated with strong buying interest. Price Target: The 2.618 Fibonacci extension suggests a potential target of $2.189, which aligns with recent technical developments. Latest News Impact: The SUI ecosystem is seeing significant activity, including potential bullish momentum driven by recent developments such as Grayscale's announcement of a new SUI trust fund and notable OTC bids from large investors. These factors have contributed to a positive market sentiment, with SUI potentially poised for a 40% rally in the near term​ (CoinGape)​ (TradingView). 🔄 Potential Scenario: After a strong recovery from recent lows, SUI might push towards the 1.618 Fibonacci extension ($1.527) and eventually the 2.618 extension ($2.189). The recent price action, bolstered by strategic network upgrades and increased institutional interest, supports this outlook. However, traders should be mindful of potential pullbacks, especially if SUI fails to hold its current support levels​ (CoinGape)​ (World Coin Index). 💡 Conclusion: With recent bullish developments, SUI/USDT shows promising signs of a rally towards $2.10, especially if key resistance levels are broken. Short-term dips could present buying opportunities in light of the ongoing positive market sentiment.
Long
by Loveiceroollss
1
COIN bouncing from the 200MA NASDAQ:COIN is currently bouncing from it 200 MA with plenty of room to push higher on the RSI. Commentary has been picking up significantly and crypto and major corporations and Governments Showing great interest in establishing themselves in the crypto world…..With stocks due for another pullback, and September historically being one of the worst months of the year for stocks, I believe this is perfect timing to establish positions with exposure to cryptocurrency…..Let’s see how this plays out!
NASDAQ:COINLong
by Gutta_CEO_
SUI/USDT Analysis Heading Towards $2.10?Current Price: $0.859 🟢 Key Points: Fibonacci Retracement: SUI/USDT is currently trading within the "Golden Pocket" between the 0.618 and 0.65 Fibonacci retracement levels, a critical area often associated with strong buying interest. Price Target: The 2.618 Fibonacci extension suggests a potential target of $2.189, which aligns with recent technical developments. Latest News Impact: The SUI ecosystem is seeing significant activity, including potential bullish momentum driven by recent developments such as Grayscale's announcement of a new SUI trust fund and notable OTC bids from large investors. These factors have contributed to a positive market sentiment, with SUI potentially poised for a 40% rally in the near term​ (CoinGape)​ (TradingView). 🔄 Potential Scenario: After a strong recovery from recent lows, SUI might push towards the 1.618 Fibonacci extension ($1.527) and eventually the 2.618 extension ($2.189). The recent price action, bolstered by strategic network upgrades and increased institutional interest, supports this outlook. However, traders should be mindful of potential pullbacks, especially if SUI fails to hold its current support levels​ (CoinGape)​ (World Coin Index). 💡 Conclusion: With recent bullish developments, SUI/USDT shows promising signs of a rally towards $2.10, especially if key resistance levels are broken. Short-term dips could present buying opportunities in light of the ongoing positive market sentiment.
Long
by Loveiceroollss
Fair Value for S&P 500, Price Targets for the next 12 monthsGoing into next week I calculate fair value for the S&P 500 to be between 5,400 and 4,800 with an average target of 5,100 over the next 12 months. The low end of the range factors in any chance that we see the economy creep to a stagnant point over the next 12 months. If by some miracle the economy should continue to experience above average GDP growth, the S&P 500 could go as high as 6,300 in the year ahead Investors should be cautious about making any large stock purchases if we continue to see unemployment rise and GDP growth slow. Holding off for better buying opportunities is for the best with the S&P 500 above the 5,400 level. The market is likely to continue to see downward pressure. Right now, earnings growth projections are lofty and likely to be revised downward over the next 6 months.
CME_MINI:ES1!
by D1Finance
Tanzanian Royalty Exploration Corporation (TRX) TRX Gold Corporation is advancing the Buckreef Gold Project in Tanzania, which is supported by a substantial mineral resource estimate. As of May 2021, the project has a measured and indicated mineral resource of 35.88 million tonnes at 1.77 grams per tonne gold, amounting to over 2 million ounces of gold, along with an inferred resource of 17.8 million tonnes at 1.11 grams per tonne, containing more than 635,000 ounces of gold. The company’s leadership is dedicated to increasing gold production to generate positive cash flow, which will be reinvested in exploratory drilling to expand the resource base and advance the development of the project, which represents 90% of the current resources. TRX Gold operates with a strong commitment to environmental, social, and corporate governance (ESG) principles, as demonstrated by its long-standing relationships and programs in the Geita Region of Tanzania, where it has been active for nearly two decades. The company’s strategy includes balancing near-term shareholder value creation with long-term growth by utilizing the cash flow from increased gold production to fund further exploration and development. Given the current global economic climate and the steady interest in gold as a stateless currency, TRX Gold's prospects appear solid, particularly as central banks continue to diversify away from fiat currencies like the US dollar. The Tanzanian government's stable policies and the country's rich mineral resources contribute to the project's potential. Despite the company's current challenges, including the need to optimize production and manage costs effectively, the Buckreef Gold Project’s promising resource base and strategic approach could make it an attractive investment for those seeking exposure to the gold sector. TRX Gold's market capitalization stands at $111.52 million, with a forward P/E ratio of 6.30 and a price-to-book ratio of 2.12. The company's operating margin is 21.40%, and it has no long-term debt, which positions it well for future growth. However, the net income for the latest reporting period shows a loss, indicating that the company is still in a critical growth phase and may face short-term financial challenges. From a geopolitical perspective, Tanzania has maintained a relatively stable environment for mining operations, supported by the government’s interest in leveraging the country’s natural resources for economic development. This stability, combined with TRX Gold’s focus on sustainable practices and community engagement, suggests that the Buckreef Gold Project could be a key driver of both local and company-wide economic growth in the coming years. TRX Gold presents a speculative opportunity with the potential for significant returns. ---
AMEX:TRXLong
by proc
Keep Calm And Trade BitcoinIt would be relevant and popular to type a scenario called "if" with forecasts to buy, sell and hold in one article. However, I tend to be as objective and useful as possible, because I believe that if we hold and speculate on our popularity, this can continue until the last market maker is left without his commission and lead to a dead line of existentialism. Especially since, while some if buy, others if sell and else if hedge. In general, I do not see the point in two or even three way forecasts for all occasions, so that you can always tell your subscribers: "Look in my feed history! — I told you..." (all the ways). I am convinced that in order to learn, you need to practice confident steps, then you will get irreplaceable experience and the opportunity, if necessary, to earn money without begging. Risk is a noble cause. It is important not to miss the moment here. Either way, you will have to make a choice, otherwise doubt will eat you up. So grab your space spoons and forks and have a hearty meal, the training simulator won't be returning to the ground until lunchtime. I often observe fatal conclusions (probably from newbies) that if "bitcoin falls" so then it's forever, "it's all over". But what they won't understand is that always goods are bought and sold on the market? Otherwise the market doesn't exist. You simply can't afford to buy-buy-buy all the time, sometimes you have to sell. Otherwise, what's the point of all this? And Bitcoin is not Ethereum! Bitcoin is original blockchain core with limited emission! And look at all chart at least sometimes. Take a break. There are other areas for investment in life. You can buy a new laptop or surfboard, for example. You have to fix your profit from time to time. Due to outside interference for the last four years, the price looks tired. Sooner or later, an exotic vacation of Bitcoin to at least 28k for a breather is inevitable, and then it returns to its mathematically lawful exponential level of ~100k by the end of next year. If your friends just bought Bitcoin, it does not mean that it will be worth a million next week, and they can sell it on the market and buy it again. Maybe they lack education in this area, help them. Think before you judge. Just free your mind to think differently from time to time. As much as we would like it, the rocket is not fly into space this year. And the events do not matter for the mathematical regularity of the original blockchain. Yes, there is a tendency for shortages (deficit), but what will you do with Bitcoin if not sell at the real price now and buy it profitably later? Do not stand still, use the market to dream. There is a lot of liquidity in the support zone. The exponential trend is constant, but we will not fly into space at all, because there is nothing to do and under gravity we just build and fill up the supporting silicon mountains for our observatory to look at the stars. The original blockchain is the most stable algorithm for maintaining independence in a secure decentralized unity environment. And it is only a matter of time what the result of the infinity fraction with a limited denominator will be. We are on the peak of the wave, the next part of Blockchain journey ahead. Now put the record on.
BITSTAMP:BTCUSDShort
by tradephenomena
2