raamraj

raamraj

Bullish if the price can keep drawing closer to the 200-period moving average with just minor pullbacks if any. Then we can expect a sharp rise towards $1960.

raamraj

I am still in the camp where there could be more downside on longer term horizon. I don't short the market instead wait for decent level to enter a trade and take profits out on strength on 50-60% of my crypto portfolio and hodl the rest. I believe the current level is attractive to reenter and there is a low risk to allocate some cash for a short term bounce. My...

raamraj

Have started deploying new cash into the stock market over past 2 weeks. I will not advise going all in as the long term trend is still down. My plan is to allocate not more 20-30% for the relief rally bounce towards 4400 level at the max level if a short squeeze got triggered. This is short term outlook. Currently seeing value in ROKU, BABA, TWLO, LUCID to name...

raamraj

With so much pessimism about the dooms day or the sky's going to fall scenario for the US equity markets, I believe ROKU is a safer bet to take on as a contrarian trader. The stock price has been falling ever since and is now finding support at a major support level. A counter trade is still looking promising and my near term target is $163. I entered with a 5%...

raamraj

BTC is seriously defending 29k-30k level for a week now, which is indicating additional selling is being bought up. I still think the relief rally will come next instead of crashing down to below 26k. Immediate target is 34k but a short squeeze could bring this up to 38k-42k level.

raamraj

There is so much negativity about the US and the global markets heading for a recession later this year. I am mostly in cash right now but also added a few long positions in the last couple of weeks to $TWLO and $BAM. I will be watching the index for more clues. The plan: as long as the S&P500 can defend 3870 lows it is likely we can see a relief rally and some...

raamraj

Expecting a short term relief rally. Added more BTC today. Near term target is 34,200, just a modest 13% target. From that level BTC could pullback slightly and then test 42k level through a short squeeze if bids keep coming. Also look into lightening your crypto positions when we get the short squeeze. Longer term outlook isn't great at this moment for BTC imo tho.

raamraj

BTC is now at the level that can put pressure on the short positions. The next wave can push towards 42,200.

raamraj

Sentiment is pretty low amongst most bulls. The fear is very real for BTC to crash down rapidly over the thinly traded weekend. But I will give the benefit of doubt that BTC could still bounce up from here within 48 hrs. If the price could push past 39900 (which isn't much tho), then I am confident the up swing momentum can continue to trigger a rapid short...

raamraj

It's an amazing feat by the bulls to hold their ground amidst higher inflation, more rate hikes and war situations. With these factors at play, one would expect the market to simply melt down fairly quickly. Today DJIA attempted to close above 35290, which is a critical inflection point to swing to a bullish advantage. But selling showed up later and tamed the...

raamraj

It's likely going to have an ugly battle between the board and Elon's takeover bid in coming weeks. Therefore the stock can come under heavy sell pressure and price could reverse from here and test $29 imo. Staying away for now is the best strategy.

raamraj

While the bullish case on BTC was shattered after dropping like 18% from 48k, I would say that the price currently is in a neutral zone. Bullish view is not compelling right now. I trimmed some of my crypto positions during the pullback which was deeper than I had expected and is definitely not a good sign if you are a bull. This revealed that the market...

raamraj

The sell pressure is still there and is better not to allocate new funds to the market. DJI is at the support level and we need to see this week if bulls can defend this level aggressively. Otherwise, the next round of sell pressure can bring it down to 31650 level

raamraj

It is OK to pick Pinduoduo right now if you planning to hold this for long term. But I would jump in when $PDD breaks above $45 and the wait for this to happen won't take long either.

raamraj

Such a great opportunity to go long right here and now. Downside risk is small yet the upside potential is HUGE! 1 - 2 years hold is needed to reap the harvest well.

raamraj

Yes, we could also see some pullback, but as a whole this is a great asset to enter at this level. This is a 1 - 2 year investment idea.

raamraj

Staying away from NFLX. Not convinced now is the buy opportunity.

raamraj

Homebuilder ETF could come under more selling pressure with price drop toward $50. Will stay away for at least until 3rd QTR.