UnknownUnicorn52110351

UnknownUnicorn52110351 Updated 

ASI is currently within an upward-trending channel and is expected to undergo a retracement, targeting levels around 9800 (50% Fibonacci retracement) or 9400 (68% retracement) before resuming its bullish momentum.

UnknownUnicorn52110351 Updated 

NVDA needs to retrace back to 350-360 Zone. The AI hype is overblown and despite NVDA being the leader in this industry its price does not justify its valuation. I expect distribution to be happening now and we could see the share decline soon. Macro fundamentals aren't supportive as well. Possible FED hikes alongside credit tightening will set investors to...

UnknownUnicorn52110351

Increased volumes signals renewed Interest on MARA post its rights issue at LKR 2.00. The Hotel was ranked the best "All Inclusive Hotel" in Sri Lanka by Trip Advisor and 11th in Asia. The company reported a positive EPS of 0.33 in Q4 FY23.Historically, LKR 2.00 has appeared to be a price of support. Yet trading below 100 / 50 EMA, a break-out from LKR 2.4 would...

UnknownUnicorn52110351

Macro FED is likely to hike interest rate twice this year and then pause. it's difficult to expect a pivot this year as inflation will reduce but stay elevated. The war in Europe elevates risk for the EURO and as the banking crisis has passed by and funds will be flow back to the US$. I expect the rest of 2023 to be choppy (Sideways between 100.5 - 105.0...