anothernic

anothernic

FA: Climate for growth stocks this year has been abysmal. Tickers like TSLA have seen massive declines (shoutout to -53% in 54 days). Fed will keep hiking, not indefinitely, already moderating hike amounts, showing some easing in data. Cooling inflation, larger unemployment, etc. can/have/will cause relief rallies in the shorter term. TA: Kangaroo markets tend...

anothernic

Many traders and wanna be analysts on here seem to be losing the forest for the trees. They're looking at short day or two pops, or even week long dead-cat-bounce/bear-market-rallies and thinking the bottom is in. Be not swayed by CopiumNBC or hopium perma-bulls that have never experienced a bear market. More traders than ever are active and involved in the...

anothernic Updated 

I was caught off guard both by Wednesday's rally (though I ought not have been, having called for it since Sunday) and by the aggressive down move to a new low on year we saw today. Daily RSI is still oversold and indicates we're due for a bounce, though we're mid-range on Weeklies. I expect we'll retest 370 one last time in the next few days (tomorrow if PCE is...

anothernic

FA: Macro is grim, worldwide. Sources say both China and India governments are driving up gold prices buying it up; why do you want specie reserves as a government unless you expect global depression? The Baltic pipe is nice, but it only flows 1/5th of the capacity of Nord from what wiki says. Europe's in for a rough winter trying to get LNG without Nordstream....

anothernic

I fully expect a bounce at some point next week, but the most bearish break from our market rally over August (pink diagonal) appears to be a current trend, with the Friday wick breaking below only to close at it. It's only market top to market bottom, I don't practice santeria, and this ain't no crystal ball. RSI is entering oversold territory on dailies, and...

anothernic

Looking at dailies, I suspect INTC continues to track SPY performance absent other news. Oct 16 to Mar '17 lows around 28.75 to 29.07 or so is a pretty good support zone. If that fails, next stops around 29.14 ~ 28.50, 27, and 25.75~25.50. Major crash or black swan news could see <20, though I hope things don't get that ugly. Former support turned resistance at...

anothernic

Not going to say anything more eloquent analysts haven't already, but it looks like we're chopping sideways until FOMC. Wouldn't be surprised to see a retest of 388 before the meeting, but also could see us just hanging between here and 400. Overall bearish on the market right now; you can see we're currently testing the rally support line, but it isn't looking...

anothernic Updated 

Broke through the ~32.50 level, headed back to a 25-28 range while the greater market chooses a direction. If we're truly into a proper recession, we could see as bad as 18-20 range, but doubt we do before middle of 2023. In the near term, it is oversold, if SPY bounces or chips do amazingly well for some reason, it may pop faster than SPY. Not FA, don't have a...

anothernic

IAA is a competitor to the better known and larger CPRT (Copart). They've expanded into near East markets in Russia and former USSR satellites, they've shown decent YOY growth (0.13 EPS, 165m revenue), and they only missed today's earnings by 0.01 (2%) against analyst estimates. Not a high volume stock, but RSI is oversold at 25, and 36 seems to be acting as...

anothernic

Ignore the rocketship emojis and people that are clearly using TLRY's products before posting analysis. We're at a critical support level, pre-2021 hype accumulation from meme-age. If it holds 7.50, great, it may not decline further. Sell volume seems to have tapered off, and while risky, we could be at a good entry. However, the synergies promised by Aphria have...

anothernic

STNE has had a very rough year, more so than many Brazilian stocks. PAGS has been choppy but is still profitable earnings wise, and seems to be in the lead. I have a position in PAGS, and I'm now looking to enter a position on STNE. Strong supports at 17.17 and 20.39; will DCA into shares slowly as I wait for a reversal candle on the daily (confirmation of buy...

anothernic

NTGR has been suffering since June 2021, though there have been profitable rallies for short term swings in between. Daily RSI is currently oversold at 26, mostly from an overreaction to negative revenue announcement on Q3 earnings, despite beating EPS estimates. This isn't CSCO, and it isn't always reliable, but I'd expect short term PT of ~30 easily achievable,...

anothernic

Oversold on RSI dailies, retesting March 2020 lows (and really December 2018 correction). PT $41.50 / $42.30 / $43.50. SL $40.20. Entry $40.85. Plenty of room for a wider stop, and if you're a time traveler (or already in a position) a better entry. Hoping HRL turns around since I'm holding shares, but no real guestimate on timespan to do so. Fundamentals look...