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BFLY LONG - Target $6+Been accumulating this stock, Breakout of the downtrend since 2013, Kind of a long post: Butterfly Network has demonstrated impressive growth and operational improvements in its Q3 2024 financial results. With a substantial increase in revenue and a strategic focus on market expansion and cost management, the company appears well-positioned for continued success. 1. Strong Revenue Growth: - Q3 Revenue: $20.6 million, up 33% YoY from $15.4 million. - Annual Revenue Guidance: Increased to $79 million - $81 million, indicating robust growth prospects. 2. Improved Financial Metrics: - Net Loss Reduction: Decreased by 38% to $16.9 million. - Operating Expenses: Reduced by 30% to $29.5 million, showcasing effective cost management. - Gross Profit: Increased to $12.2 million with a solid gross margin of 59.5%. 3. Market Expansion Initiatives: - Launch of the iQ3 device in Europe and entry into new markets such as Indonesia, the Netherlands, and Belgium. - Formation of the new subsidiary, Octiv™, targeting new sectors, indicating diversification of revenue streams. 4. Positive Operational Developments: - Successful adoption of Butterfly technology at the University of Rochester Medical Center and Kansas City University. - New partnerships in veterinary care and upcoming pilot for Butterfly HomeCare’s virtual chronic care management with a Medicare Advantage provider. 5. Strong Market Sentiment: - The fifth consecutive quarter of meeting or exceeding expectations - Insider ownership at 29.52% and an increase in insider transactions signal strong internal belief in the company's future. Given Butterfly Network's robust financial performance, strategic market expansions, and positive operational developments, the stock presents a compelling bullish opportunity. With strong insider ownership and positive analyst sentiment, Im accumulating, First target $6, possible $40 at some point.
NYSE:BFLYLong
by SPYDERMARKET
Intel (INTC): Patience is key while the market is rangingNothing significant has changed on NASDAQ:INTC since our last analysis. It appears that Intel may have found a bottom at the 88.2% Fibonacci level, but the stock has remained in a range since then. Unless the resistance level above is reclaimed, we wouldn’t be surprised to see continued ranging behavior. Even Intel’s latest earnings report didn’t create much movement. Despite posting a considerable net loss due to impairment and restructuring charges, Intel projected fourth-quarter revenue above estimates. As one of the largest producers of PC chips, Intel has recently benefited from renewed demand for PCs, driven by on-device AI features and a fresh Windows update cycle. These factors allowed Intel to exceed Wall Street’s low expectations, but not enough to break the current range. We’ll continue to monitor NASDAQ:INTC , but as it stands, trying to long it into the overhead resistance doesn’t make sense from our perspective. Patience is often the best strategy in such uncertain market conditions.
NASDAQ:INTC
by freeguy_by_wmc
1
Super Micro Computer (SMCI): Strong Entry After Stock SplitSo far, we’re seeing a strong entry on NASDAQ:SMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥 Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value. At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If NASDAQ:SMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside. As always, we’re keeping a close eye on developments and will update you with any new moves.
NASDAQ:SMCILong
by freeguy_by_wmc
3
Netflix - This Is A 100% Probability Setup!Netflix ( NASDAQ:NFLX ) will continue its parabolic rally: Click chart above to see the detailed analysis👆🏻 With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%. Levels to watch: $750, $1.000 Keep your long term vision, Philip (BasicTrading)
NASDAQ:NFLXLong
by basictradingtv
26
Amazon - The +150% All Time High Breakout!Amazon ( NASDAQ:AMZN ) is hugging the previous all time high: Click chart above to see the detailed analysis👆🏻 Amazon has been moving sideways for almost four years, consolidating between support and the previous all time high. After retesting the resistance over and over again, it is just a matter of time until Amazon will break the previous all time high and start its next major bullish cycle. Levels to watch: $190, $500 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMZNLong
by basictradingtv
8
CLSK: Second ChanceContinuing my analysis by popular demand, next on the list is Cleanspark. This chart is slightly less predictable than some of the other charts we have been reviewing. In particular CLSK has several zones of confluence coming together, however, its tough to guess where this one may bounce. Generally, I like to make a base case using the .618 Fibonacci retracement from the bottom to top of the impulse. This level also comes relatively close in line with the Weekly Level of support between $6.50 and $7.50. On my chart, Ive marked this as a watch level because we have also have the Value area High of our previous accumulation period at $6. Currently, Ive created a fixed range profile dating to the last POP in Mar 22 which is actually showing us a current break of the value area, which means lower prices are more probable than not. Now if we get acceptance back below the CC Fib .618, then I would confidently expect to see us move down to the previous range point of control at $4.50 area marked as the ideal buy area. Furthermore, what also throws me off about this chart is the upwards trending line marked in green, which would also be nice to tap at around $4.50. The 2 zones which would give us the safest trade are lining up together at around $4.50 / $5 which would be the range point of control, combined with the upwards trendline. Hope this is helpful! Good luck!
NASDAQ:CLSK
by afurs1
12
Intel 50% bear market rally** short term study ** ** This is not an investment opportunity, a trade only ** Since the 60% correction call (below) the market has oversold extensively leaving gaps behind. Gaps get filled. On the above daily chart price action has printed strong positive divergence together with a price action resistance breakout. The Gap is actually the break of market structure on the short idea. Buyers at this level will be a source of exit liquidity for the bear market continuation. Is it possible price action continues correcting? Sure. It it probable? No. Ww Type: trade Risk: You decide Return: 50% 60% correction call
NASDAQ:INTCLong
by without_worries
7
AMD Short IdeaAMD went from having a strong bull flag breakout to back down below the last retest of the descending channel. It's always even more bearish IMO if you have a fake out like this. We also have a shorter term bear flag break. Will be looking for a break and retest of the primary uptrend below, or if it holds it could work as a long if it holds the $130-$132 area. I'd prefer to be bearish for now considering the recent fakeout and failure to hold previous support.
NASDAQ:AMDShort
by AdvancedPlays