Kemsdale

Kemsdale Updated 

Apple has lost momentum here and so has the Nasdaq. Closing most of my longs and taking partial profits on most of my trades here. Nasdaq has broken H&S on the hourly and Apple is testing the neckline. Target is 168 and stops at 185. Shorting Apple is more from a risk point as Nasdaq might get pulled higher by Nvidia earnings. Nasdaq short target would be...

Kemsdale

In my previous BTC post, I said I am starting to move more down the risk curve. MSTR is breaking out of its 3 years resistance and honestly if BTC goes to 100k from here, MSTR will blast past 2k. Its previous high stands somewhere around 3.3k, that might be on too. I would suggest stops around 760 and just let it run. Goodluck!!

Kemsdale

LINKUSD seems to have tested the neckline of its Complex H&S. This break also came out of a rectangle pattern. Setting my stop at 16 and target would be 32. Entry at 18.04. In a nutshell, ChainLink is essential for data movement between blockchains. It's functionality in the business world cannot be underestimated. I would not claim to be an expert on this...

Kemsdale Updated 

Company info: Oscar Health provides a personalized experience for those seeking affordable healthcare. It offers incentives to its customers to stay healthy, including cash rewards. Oscar offers tailored services and a concierge care team designed to help its members find the medical care and services they need. Technicals: It is again forming a flag and looks...

Kemsdale Updated 

Carvana had been a great stock for me this year. I am expecting more gains in next year with the break in the handle. Looking at the possibility of another 100% gains technically next year. Will update more as I go through the fundamental and sentiment picture.

Kemsdale Updated 

Company Info: MoneyLion Inc. is a data-driven, digital financial platform. It offers mobile banking and financial membership to take control of their finances. Financials are seeing a nice run up from last year. It has good momentum on its side. Technicals: Closing above 52 on Friday when the whole market was down is a sign that buyers are ready to push this...

Kemsdale Updated 

SMCI has formed a 5 month consolidation rectangle and is about to break out. This setup is similar to Nvidia one which we had a couple of weeks ago. SMCI just raised their Q2 forecast this morning. Semiconductor sector is very strong at the moment. Pure momentum play here. Initial target is at 450.

Kemsdale Updated 

Company Info: Trupanion provides monthly subscription based medical insurance plan for cats and dogs. In the last earnings report, it had the largest EPS upside in the past 5 years. Earnings is this Thursday after market close. Technical: It is trading around this 19.50 to 35 range for the last 9-10 months. Break above with strong earnings surprise,...

Kemsdale Updated 

Ethereum looking solid for a break of 2k. Last time, there was a fake out but this time around its coming from higher low (momentum on the upside). Break of 2k on the weekly should set it free for 2.9k - 3k.

Kemsdale Updated 

** Shares of Digital World Acquisition Corp DWAC up 26.5% at $55.07 premarket after U.S. SEC declared effective registration statement for the SPAC's proposed merger with former President Donald Trump's social media firm ** DWAC says plans to announce within two business days, date of the special meeting of its stockholders, where stockholders of the record date,...

Kemsdale

Getting into ARM now. Missed the move yesterday. Stops at 102. Will provide more details in next post. Goodluck!

Kemsdale Updated 

Marathon Digital Holdings is about to test the neckline of the H&S. Bitcoin miners had huge volume on Friday. Will be looking for a bullish close on the daily above the neckline to initiate a position. After Fed announcement, where I do not expect Powell to add anything new. Powell will probably reiterate we will go again if inflation persists and the monetary...

Kemsdale

Bitcoin is testing the neckline of the H&S pattern. 16k might be the generational bottom if we get a close above 47k. You can go with the break or wait for a retest of 47.5k. If I were to trade it, I would wait for the retest as the big boys are into this now. I would be playing this event by buying MicroStrategy (MSTR), Marathon Digital (MARA), CleanSpark...

Kemsdale Updated 

F&G is an annuity and life insurance company. Annuities and Life Insurance have been enjoying a good run due to higher interest rates. High interest rates decrease reinvestment risk. For annuities, higher interest rates mean higher income for customers. Baby boomers are retiring so there will be a massive demand for these products. The fixed income part of it...

Kemsdale Updated 

CHFJPY has broken out of the ascending triangle it has been forming for about 8-9 weeks. Momentum is purely on CHF side, even though 10 year yield spreads are moving lower between Suisse and Japan. It's hard to say whether Japan will ultimately get off the negative interest rate environment. Spring wage negotiations have become so will have to wait. Technically...

Kemsdale Updated 

NZDUSD has been languish around lately. It had a good jump during year end last year. There seems to be a H&S formation on the cards. Watching this like a hawk.

Kemsdale

Company info: Nektar Therapeutics is a biopharmaceutical company, focused on the development of treatments utilizing its PEGylation and advanced polymer conjugate technology platforms. Nektar primarily finances its operations with funds from licensing, collaboration and manufacturing agreements. It has collaboration deals with companies namely AstraZeneca,...

Kemsdale Updated 

Palantir has broken out cleanly now, this week. Target is 24.