NoFOMO_

NoFOMO_

Evolution AB, a Swedish gaming company specializing in online casino and live dealer games, has seen substantial growth in recent years, fueled by increasing demand for digital gaming experiences and its reputation as a leader in live casino solutions. Technical analysis: The stock has been in an extremely strong uptrend and during the Covid stimulus period we...

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Catching a falling knife is a dangerous method of trading. More often than not it results in further losses, Capri is in a very strong downtrend but this could present an opportunity of a dead cat bounce trade or for value investors confident in the come back if Versace, Michael Kors and Jimmy Choo brands. From what I understand these brands have fallen out of...

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Technical analysis: Bull thesis Inverse head and shoulders pattern Higher highs and higher lows on RSI Support found at the 0.25 Fib Speed Fan Stock price down 87%, deep value for a rebound 3-4x potential for patient investors Bear thesis Deceleration in last earnings report, next earnings report will shed further insight into the financials. Local uptrend...

NoFOMO_ Updated 

Rising wedge was always going to break down. This company has high exposure to the Chinese consumer, which continues to struggle with no end in sight. That is reflected in the stock price of companies like Alibaba which trade at very low valuations. But unlike Alibaba, PDD is a hyper growth stock and has taken a lot of their market share. Looking at the...

NoFOMO_ Updated 

AEHR test systems is a highly volatile stock to trade. It can provide some excellent returns in the event we continue to this upwards move in the stock market. I believe AEHR is in a bottoming structure, we ended the 5th wave and now in a period of sideways consolidation. Preparing for a volatile move to the upside. Within this period of sideways consolidation,...

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Technical Analysis: Inverse head and shoulders sent this luxury brand conglomerate to the post Covid bull market highs. But we are in the midst of a rapid decline, with over a 70% drop in stock value. I expect us to start finding support at the key horizontal levels as Kering aims to implement cost cutting measures to slow the sinking ship. This should bring...

NoFOMO_

Technical Analysis: Inverse head and shoulders sent this luxury brand conglomerate to the post Covid bull market highs. But we are in the midst of a rapid decline, with over a 70% drop in stock value. I expect us to start finding support at the key horizontal levels as Kering aims to implement cost cutting measures to slow the sinking ship. This should bring...

NoFOMO_ Updated 

As the issues in the Middle East continue to deteriorate, it is prudent to look at opportunities in the market in the event of further escalation and rising oil prices. Technical Analysis Inverse Head and Shoulders pattern which suggests a possible upside of $200 in the event that oil reaches over $125 per barrel. We appear to have finished Wave 5 of the...

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Inflation ticking back up. Unemployment increasing. Dollar increasing. Geopolitical turmoil. Contentious elections. And yet the market continues to grind up. But when will the music stop? When is the party over? I'm not making a call to mark the top here but this is setting up for a giant fall. We could continue to grind up to 6000 point, there's no doubt that...

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China remains weak, don't fall into the trap of longing here. The HSI has been in a downtrend (bear market) for almost 7 years. Given the ongoing property crisis, it would be very dangerous to go long here. I will not be buying the dip in the ongoing bear market, not until I am confident the low is in and the US elections are over. The time to buy the bounce was...

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We have taken out the Covid lows and we could enter the X phase of the WXY correction. In the longer term I do expect one last flush to the downside, but the downside does appears to be exhausted here as we are in the final phase of the 5 wave move to the downside. I'm playing this as a short term bounce of 15-25%. Nestlé is known for its defensive qualities. In...

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Refer to my previous trade on this asset, linked below, which was traded to perfection. Time to go long again, keep stop loss under the weekly. Not financial advice!

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I believe the Hang Seng has now reached local resistance and all the late comers trying to long Chinese equities now will get caught out. I have closed out of most of my Chinese positions. I went long on the breakout of the descending parallel channel. Now that we have reached the golden pocket, I’m playing it cautiously. Profit has been locked and I’m using...

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This correction is in fact Wave 3, not the final Wave 5 as initially anticipated. We have lost another horizontal level of support at the Monthly. This suggests the downside pain is not over yet. I am anticipating a Wave 4 bounce, which will ultimately fail and we put in one more low to complete Wave 5. This lines up with the fundamentals of the company, I don’t...

NoFOMO_

China stimulus has been announced, not the biggest bumper package but one that can bring some relief to the beaten up luxury sector that is dependent on the Chinese consumer. No better place to look than LVMH. Whilst the their products never go on sale, their stock price is down over 30%. This is the most valuable European company, alongside the likes of Novo...

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Large correction over from this classic head and shoulders pattern. Now price is trying to put in a bottom, large green volume candle today suggest this could be a great stock to buy if we continue in a risk on market. Fundamental Analysis: 1. Strong Growth in Semiconductor Equipment Demand: ACLS is well-positioned to capitalize on the increasing global demand...

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Brookfield looks like it may have bottomed, held support very well at $25 and is about to break this descending channel to the upside. It’s reached the value area high of the local range and about to break out of this consolidation area, to the upside. I’d like to see it break out of the wedge as confirmation. What else can Brookfield offer for a longer term...

NoFOMO_

Revisiting an idea from a week ago, I won’t go into depth here so please refer to my previous trade idea for details. I think we will drop here and bag holders will be left hung to dry, whilst the CEO sand other top Executives offload their stocks. Enjoy!