Fidia

Fidia

We may be near the end of an accumulation phase: the RSI indicates a bullish divergence, while the stock has been consolidating for some weeks and is about to break out. I believe that this could be, once again, a good trading opportunity. If the breakout happens with volume, I can see the stock in the high 20s range. Personally I wouldn't risk more than 1% of my...

Fidia

Seems like a good breakout. Unfortunately I cannot play it because my account is too small. Ideally I would buy deep ITM calls with 6months+ expiration date. This is not financial advice, I am an amateur trader, trade at your own risk.

Fidia

If an ending diagonal shows up, it may be an indication that the S&P500 has topped (I was preparing for a crash in March 2022 but whatever). The market is already correcting: just look at the Russel 2000 and the Dow Jones. S&P500 could also be correcting right now, but we can't know for sure unless price breaks below previous lows (4). I may take a long...

Fidia

After showing a bullish divergence on the RSI, PLBY has finally broken out with volume! Expecting a bull run, hopefully it will go to the moon! I wouldn't risk more than 1% of my capital on this trade. Bought at 26$: I think that 27.5$ may not be an optimal entry point with a good enough risk/reward ratio. This is not financial advice, I am an amateur trader,...

Fidia Updated 

I believe we are reaching the top of the third wave, marked by the 1.618 Fibonacci extension of the first wave. In September we should see a healthy correction, but nothing too special. We will have to wait for wave 5 to complete in order to see a proper crash/bear market. Not gonna sell, just buying the dip. Disclaimer: this is not financial advice. I'm an...

Fidia Updated 

The price of ADA has doubled in two weeks, and this last week has been consolidating. If we see high volume and confirmation, we will likely see a 25% further bump. Let's see how it plays out. I personally would risk just 1% of my capital, with a potential reward of 4.5% (I would then set a trailing stop that follows the 10 ema if it starts to play out)....

Fidia

Discovery Inc. is massively undervalued right now (thank you Archegos Capital!). If we factor in that Discovery+ is scaling (like Disney did) and also merging with AT&T's Warner Media (HBO Max) to create a streaming giant, probably the correct valuation is around 60$ one year from now. This number is based on my own discounted cash flow analysis, and EV/EBITDA...

Fidia

Q2 results where fantastic for Overstock, however the price dropped significantly (price action dominates in the short term). I believe this is due to the corrective structure of OSTK: we are likely in a wave 4, and starting to push for a wave 5 any time soon. Fundamentally, OSTK is significantly undervalued, mainly because of its crypto platform tZERO. Crypto...

Fidia

COIN seems to be picking up from the previous lows. I think we might have the opportunity for a long trade with RR ratio of 2.5. Longer term I'm neutral on COIN. Disclaimer: this is not financial advice. I'm an amateur investor. Trade at your own risk.

Fidia

It seems like we've ended an impulsive cycle of 5 waves, now expecting a three waves pullback. Either that or what it seems to be an ending diagonal is instead a leading diagonal (1st of 5th): then we should see further upside. Since I'm up 37% on my trade, I'm taking profits. Disclaimer: this is not financial advice. I'm an amateur investor. Trade at your own risk.