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HOVR - another "flying taxi" company - 8.4m investment achievedew Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter. Float: 15.813M Short % of Float: 4.34% Flying taxis have the potential to revolutionize urban mobility by reducing traffic congestion, cutting travel times, and providing sustainable, efficient transportation. The industry is rapidly growing, attracting major investments from big players, signaling a promising future for this innovative solution. Sympathy Plays: ACHR, JOBY, and EH have already seen significant run-ups, making them prominent in the sector. HOVR, however, could represent a delayed opportunity within this group, potentially offering upside as the broader flying taxi industry gains momentum. Recent News: Dec 20, 2024 Horizon Aircraft Has Received An Investment Of $8.4M From A Strategic Investor And Aerospace Supporter - Deepens Investor's Dedication to Horizon Aircraft Supporting Continued Operations and Development ~ TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today it has received an investment from a strategic investor (the "Investor") and aerospace supporter, for aggregate proceeds of $8.4 million (the "Investment"). The strategic financing will fortify Horizon Aircraft's balance sheet, provide stability in the operations, governance and regulatory priorities, and fund further development and flight testing of its hybrid eVTOL, the Cavorite X7. Overall Market Sentiment: It’s always crucial to consider overall market sentiment when making trading decisions. Trading Strategy: Entry: At recent price around $0.80 Breakout Zone: $1.10 - 1.30 Resistance Zones: $2.00 - 2.30 $2.80 $3.20 - 3.30 Surpassing these levels could signal a positive trend. Consider taking profits at these levels to realize gains. Risk/Money Management Take Profit (TP): Set the final target at $5.00 Stop Loss (SL): Set at under $0.40 to mitigate potential losses. Chart Analysis: Please refer to the attached chart for detailed analysis of price trends and movements. Trading Advisory: Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities. Disclaimer: This content is for informational purposes only and should not be considered financial advice.
NASDAQ:HOVRLong
by meitshels_smell_trades
DIGITAL VALUE: scandalo all'italianaDigital Value, a leading Italian IT services company, was recently embroiled in a corruption scandal. CEO Massimo Rossi was arrested after allegedly delivering a €15,000 bribe to Sogei's general manager, Paolino Iorio. This incident caused the stock to plummet, creating a significant gap on the daily chart and offering traders a compelling opportunity with a favorable risk/reward ratio. Despite the turmoil, the company’s fair value is estimated at $70 per share, with stock market reports from October 4 forecasting highs of up to $120. Major shareholders include OPS and Intesa San Paolo, underscoring the need to prevent systemic contagion risks affecting the involved banks. A textbook case of financial dynamics shaking the market while paving the way for strategic speculation. The setup is currently inactive. Passing the green treshold will activate the bullish setup.
MIL:DGVLong
by saturnv4
META Long Setup – A Confluence of Fibonacci and Wave SupportOverview: Meta Platforms, Inc. (NASDAQ: META) continues to be a dominant player in the tech space, fueled by its advancements in AI and the ongoing pivot to the metaverse. This setup takes into account both macroeconomic conditions and technical factors to identify a high-probability trade. 📊 Technical Analysis: Fibonacci Levels: The price has retraced to the 61.8% ($583.19) and 65% ($580.34) Fibonacci levels, forming a potential buy zone. These levels have historically acted as strong support during Meta’s corrections. Elliott Wave Structure: Wave (IV) correction appears to be completing near the 0.618 retracement, aligning with the broader uptrend. Expecting a bounce in Wave (V) toward new highs. Key Levels: - Entry Zone: $583.19 - $580.34 (marked by the shaded box). - Stop-Loss: $576.33 (below key support to minimize risk). - Target 1: $606.11 – Alignment with prior resistance. - Target 2: $627.35 – Extension toward the next key level. 🌐 Macro Overview: Tech Resilience in Tight Liquidity Conditions: Despite rising interest rates, META has outperformed the NASDAQ 100 due to its AI-driven growth initiatives and continued monetization improvements in Instagram and WhatsApp. Ad Recovery: Signs of recovery in digital advertising could provide further tailwinds for META, especially as businesses increase ad spending during Q4. AI and Metaverse Bets: Meta's Reality Labs losses have stabilized, and investors are showing increased confidence in their long-term strategy as AI integration becomes evident across their platforms. 📈 Trade Plan: Entry Zone: Wait for the price to approach $583.19–$580.34 to enter long positions. Risk-Reward: This setup offers a strong risk-reward ratio of 3:1, assuming both targets are met. Key Note: Watch for a confirmed bounce from the buy zone before executing the trade. Should the price break below $576.33, the setup will be invalidated. 📌 Final Thoughts: META remains a strong growth stock amidst macro uncertainty. This trade setup leverages both fundamental trends and technical confluences for a calculated entry. Feel free to share your thoughts or ask questions in the comments below.
NASDAQ:METALong
by MrStockWhale
$SBUX Starbucks Corporation Daily Chart AnalysisThe chart depicts Starbucks Corporation (SBUX) on the daily timeframe, showing a recent breakdown from a rising wedge pattern. The price has sharply fallen below key support levels and moving averages, suggesting a shift in momentum to the downside. Here's a detailed walkthrough of the analysis: Key Observations: 1. Trend Analysis: Rising Wedge Breakdown: The chart highlights a breakdown from a rising wedge, a bearish reversal pattern, indicating potential for further downside. The price has decisively broken below the lower boundary of the wedge, confirming the bearish momentum. Bearish Momentum: SBUX is now trading below the 200-day moving average (red line) and other short-term EMAs (8 EMA, 21 EMA), which aligns with a bearish trend. 2. Support and Resistance Levels: Resistance Levels: 92.28-93.01: A key resistance zone aligned with prior dark pool activity and broken support, likely to act as a ceiling for any short-term rebounds. 95.79: Previous support turned resistance, near the 200-day moving average. 98.60: A strong resistance area near recent highs. Support Levels: 87.00: Immediate support zone, tested recently with increased volume. 80.24-79.15: Major support area, aligning with historical levels and dark pool prints. Below 79.15, the next significant level is 75.00, a psychological support area. 3. Volume Analysis: A volume spike accompanies the recent sell-off, indicating strong selling pressure. However, this could also signal capitulation if buyers step in near support levels. 4. Moving Averages: The price is trading significantly below the 200-day moving average, confirming bearish sentiment. Short-term moving averages (8 EMA, 21 EMA) are sloping downward, suggesting that bearish momentum may persist. 5. Dark Pool Activity: Recent dark pool levels around 93.01 and 92.28 may act as resistance if the price attempts a rebound. Additional dark pool levels at 80.24 and 79.15 suggest institutional interest, making this area a critical support zone. Trade Setup: Scenario 1: Bearish Continuation Trigger: If the price fails to reclaim the 92.28 resistance level and continues lower, the bearish trend is likely to persist. Profit Targets: 87.00: Immediate short-term target. 80.24-79.15: Strong support zone with significant institutional interest. 75.00: Longer-term bearish target. Stop-Loss: Above 93.50, as a break above this level would signal potential bullish recovery. Scenario 2: Bullish Reversal Trigger: A breakout above 92.28, accompanied by strong volume, would signal a potential reversal or relief rally. Profit Targets: 95.79: Resistance near the 200-day moving average. 98.60: Strong resistance zone near recent highs. Stop-Loss: Below 87.00, as a failure to hold this level would invalidate the bullish setup. Scenario 3: Range-Bound Consolidation If the price consolidates between 87.00 and 92.28, consider: Long positions near 87.00, targeting 92.28. Short positions near 92.28, targeting 87.00. Volume and candlestick patterns will help confirm the direction of the breakout. Final Thoughts: Short-Term Outlook: Bearish momentum is strong, with the immediate downside target at 87.00. If this level breaks, watch for a move toward 80.24-79.15. Long-Term Outlook: The dark pool levels near 80.24-79.15 suggest strong institutional support. If the price reaches this zone, it could provide a significant buying opportunity for long-term investors.
NASDAQ:SBUXShort
by thedarkpooltrader
RCL - crusing up the channel?CAPITALCOM:RCL has been on a steady upwards move on the daily since October of last year, keeping within a pretty narrow channel. No huge deviations up or down, just easing up. During the market turmoil recently, we saw a fake break of channel to the downside, which was quickly corrected back into the safety of the channel. Price is also respecting the 50 EMA, with some recent deviations due to the recent market reactions. MACD is turning up as a result and is on its way to green territory. RSI has crossed the signal line, these are the two indicators I most often follow. On the fundamentals the company slightly beat expectations on its latest release. JP Morgan said recently that cruises are now 20% cheaper than land-based alternatives (vs. 10-15% cheaper in 2019), and they predict a shift in favor of cruising. And, they just this week labeled CAPITALCOM:RCL "best in class" among cruise lines. In terms of analyst ratings (I usually focus on technicals), according to Stockanalysis.com 16 of 18 analysts has a Buy or Strong Buy recommendation on the stock (Strong Buy: 10, Buy: 6, Hold: 2). Expect CAPITALCOM:RCL to move up towards the channel roof, setting target 1 around $173 as this is ATH. Seeing as there is no resistance above this, if it breaks it might move even higher.
CAPITALCOM:RCLLong
by WeRideAtDawn
Mobileye - could use a stable eye on the futureNASDAQ:MBLY has been in a descending channel all of 2024 and is looking very weak. Since Intel took the company public at around $28, it has mostly consolidated up until 2024, when the decent began. It has been touching the lower channel line for the last month, and it is only a matter of time before it breaks to the downside. And break it will. Revenue is down, profitability is way down, and the company is experiencing heavy headwind, particularly in China. I expect NASDAQ:MBLY to continue down, with no target. Price is at ATL, so there is no bottom. My take is short.
NASDAQ:MBLYShort
by WeRideAtDawn
In trading you need an edge and a catalyst - is HCAT it?CAPITALCOM:HCAT has been trending down all of 2024. Late July price pushed up on the descending trendline from below, pushing it back down. After a bumpy period, it is yet again pushing the trendline. For 2024, price is forming a descending triangle, which is a bearish signal. However, from April, we see a rising trend. As part of this, we had a change of character mid July, and price is now moving towards the upper level of this channel. It was breached yesterday, closing on the dot of the upper trend line. CAPITALCOM:HCAT provides data and analytics technology to healthcare and have recently (as every other data related company) jacked up their AI investments. The company has made a couple acquisitions in the AI area, a sign they are investing in this area. They recently beat market expectations in their earnings report. Market cap is low, 446 million, and the stock is down 36% last year. I believe this company is well-positioned for future growth, however maybe not in the short term. My target is $9.00. There is resistance at $8.00, which I believe will be broken, and $10.00. Year high of $11.27 is stronger resistance.
CAPITALCOM:HCATLong
by WeRideAtDawn
GME - The cat is gone, the mice try to keep the party goingDoing a technical analysis of NYSE:GME might seem idiotic and pointless. We all know price is ruled by Reddits and social media posts. It used to have its moments due to a kitten, with insane movements. The kitten has fled, and the Reddits still claiming this is the best company ever do not have the power to keep the stock up. Management has proven several times they do not care about shareholders, instead they see them as a tool. They have taken advantage of shareholders more than once, and they will again. Price is now in a kind of limbo, wedge pattern. This will not last. The company has a full bank account, but has not shown or communicated anything about any potential investments. In fact, they have shown signs of trying to save the obsolete business of yesterday by closing some stores. I am fully aware that something must be going on behind the scenes, but it has been a story for some time. NYSE:GME still has the right to issue/sell more a lot of shares, and given their history of totally ignoring and abusing their shareholders, I expect another dilution of shareholders. Continued no news, reduced interest, no hope of the kitten rescue, lower highs on the chart, I feel the lower channel band will be broken and we face the support around $15, then $10. Without RK, and a non-communicating RC there is no case.
NYSE:GMEShort
by WeRideAtDawn
5
$NVDA - Chip-up or taking a breather before another run?NASDAQ:NVDA has been in a long and wide consolidation, rectangle if you like, and has recently shown signs of a determined move up with breahces of the upper channel line. It showed a similar move back around June and july, but was at both instances pushed down by big, red candles. It has gained momentum, both in terms of EMAs and various indicators. If the break of resistance holds, and price keeps moving up, we might be in for a good run. Should (recent) history repeat, we might be looking at $100 once again. Keep in mind, the last visit to this level is only a couple months ago. Personally I am currently short Nvidia (yes, a dangerous place to be..), however I see both directions happening. So my point is look for signs of a break of the high of $144, or a rejection by way of significant red candles and a weakening of volume, RSI, MACD or other indicators you prefer.
NASDAQ:NVDA
by WeRideAtDawn
Will Santa deliver, or will the buck ram it down?CAPITALCOM:SHOP delivered a strong earnings report recently, key points being: - Strong revenue growth of 26% YoY - Improved free cash flow margin, up to 19% from 16% - Operating income more than doubled YoY On the flip side: - High operational spending - Increase in loan and transaction losses, indicating rising credit risk - Macroeconomic risks Heading into Christmas shopping, SHOP is well positioned. Spending this season is expected to rise 7% compared to 2023, and more people are buying early, leading to more consistent sales. Online shopping is expected to rise once again this year, benefiting SHOP. Obstacles are higher prices, and the outlook of even higher prices to come. The economic plans of the president-elect will without a shed of doubt lead to rising inflation, and many will plan accordingly. However, I believe the upside is greater on the semi-short time, which will help push SHOP share price further. The gap following the earnings release was big, and we might see a pullback short term, so I would hold going long until that gap is resolved. I don’t expect the gap to be filled, but a retrace must be expected. The most recent high above today’s price is from November 2021, so that is not relevant, so no target. There are no obvious support or resistance levels, as price has been pretty flat for ages. Watch for pullbacks, then do your own DD.
NYSE:SHOPLong
by WeRideAtDawn