UPCOM:FTM retested the last macro trend from March "22 signaling me no more bearish momentum. As Previously said, took a lot of profit at 0.55. Now almost bought all of it back. Reasons why I am bullish now: - BTC ETF brought a lot of volume and credibility in the crypto market. Blackrock CEO is bullish on crypto! - Election year, governments are still going to...
I pay close attention to the eth/btc chart and if it goes as planned, alt season is here. Huge volume breakout on this chart. Looking very positive
As my previous thesis, I excepted BTC and played along the past 2 months move with win ratio of 90%. All are shown on my previous posts. Now the big question is if BTC is going to breakout the bear market channel, signifying the new bull market, or result in a head and shoulder formation such as previously anticipated. With international geopolitical tension...
To me it is obvious we have accumulation at the strong support level .15-.18 area. Will it make a Head and Shoulders formation, time will tell but as of now, I have been DCA inside the FTM ecosystem.
Based on technical chart reading, just an idea of a possible projection. To be better confirm in the following month
TADAWUL:6014 is a company I have been researching extensively. Living in Dubai, I know their impact in the region. While their past financial reports came negative, it was mostly due to declines in sales, impacted by currency devaluation in Egypt and Lebanon and inflation affecting the cost of sales. However, this is normal for a Quick Service Restaurant...
Clear head and Shoulders pattern and $1T wiped out of equities on Friday! 4,350 is a very significant level following the year long dynamic trend from the Oct. '22 low. I will closely look and potentially reduce my exposure in equities for short term T-Bills.
After two consecutive positive earnings' reports, NYSE:PLTR skyrocketed. Now, on a technical aspect I see a retracement as there is a clear Head and Shoulders formation. On a financial stand-point, the P/E ratio of 78 is relatively high and considering the current environment, full of expensive debt. I sold 25% of my NYSE:PLTR along the way up but missed out...
NASDAQ:NFLX should be coming back to reality. Their shows and movies are either terrible, over budgeted, and only a small minority are good, while, competitors such as HBO and Apple are making much more efficient content at a higher path. Technical aspect looks terrible, sold my shares bought at $192
The SPX/TLT chart is reaching concerning heights, with all indicators signaling overbought conditions.
Saudi Arabia's decision to cut oil production could potentially have a significant impact on its GDP, given that approximately 80% of the country's revenue comes from oil exports. This reduction in oil production may lead to a budget deficit by the H2 '23. One logical reason behind this production cut is the potential for higher oil prices, driven by supply...
The daily uptrend channel will be a great indicator whether it will gain more momentum or cool off. Important to notice that the market did not react to yesterday's inflation data. This could weaken the USD index for a bit, further backed by the Crude Oil which is continuing to rise and broke up a small consolidation yesterday possibly pushing prices up to $92 (CL1!)
I will not short but on technical I see gold going lower
In recent years we saw stresses in the Chinese real estate market related to their debt. The Chinese government has been handling it early for years by slowly deflating its real estate bubble. Despite the media narrative, on a financial and technical aspect, the Chinese real estate market is looking promising.
Financials and technical align to my KWD 1.2 target