NEWS: New Debt, New Woes: Nio Raises $1 Billion, Shares Tumble by 17% Amid Financial Struggles Nio announces plans to raise $1 billion in new debt through the issuance of convertible senior notes, leading to a 17% drop in its share price. The new debt will consist of $500 million worth of convertible senior notes due in 2029 and another $500 million due in...
UPST had a strong bullish rally from May 1 to July 31 with the stock price rising from $13 to $74 (marked by the green and red arrows). However, economic conditions are hurting the lending market and UPST reported lower forecasts for the current quarter. This has led to a strong selloff at $74 that has dropped UPST down below $30. I think that this dip is worth...
BEN/USDT has experienced a 132% rally starting September 1st that has led to a lot of attention in the crypto market. I found a very simple trading strategy for BEN/USDT that can be used to capitalize on BEN’s future price swings. Yellow Trendline: This yellow trendline has been a key price level since BEN’s origin dating back in May 2023. BEN’s price has...
I am personally staying away from WeWork, but this chart analysis is for those who have been asking me about my thoughts for WE. I believe that this yellow trendline is a key price level for WE, which has been acting as an area of resistance from February to June of 2023 (marked by red arrows). WE finally broke above this yellow trendline in June, and...
I have been tracking XOM since joining the group in May. I was hopeful that XOM would present a buy opportunity at the $94 green trendline, but XOM showed a lot of bullishness at $100. In July I decided to adjust my buy target to a $101-104 buy zone, marked by the white circle and entered into a trade there. XOM has experienced a bullish 8-week rally and is...
I started an Investment Gems series with hopes of finding the best long-term investment opportunities in the bear market. NVAX was by far my favorite investment opportunity because I see a clear path for NVAX to climb from $6-7 price levels to $288. As discussed in my previous analysis, NVAX has reached this $288 price target 3 times in the past and I believe that...
My SPCE trade has been going horribly wrong to say the least, but I’m still optimistic about exiting near breakeven or profit. I was bullish for SPCE’s August launch, which marked a key milestone for Virgin Galactic since they finally delivered on their long-term promise to send customers on a unique space flight. August turned out to be a bearish month for the...
Starting in mid-July I starting giving market updates with a $13.90 price target for entering SPDN. On July 27, SPDN presented that buy opportunity with a drop down to $13.85, just 5 cents under the price target (marked by the white circle). Since July 27 SPDN had a 6.56% upswing that corresponded with SPY's 3-week correction. However SPY had a bullish...
On July 24, I published an article about NASDAQ's special rebalancing. In this article I discussed that NASDAQ has significantly outperformed the stock market, and that the objective of the special rebalancing is to slow down NASDAQ's gains, which is bad news for NASDAQ investors. Key White Trendline There has been a significant white trendline for NASDAQ's...
In the Looming Market Crash webinar I discussed my viewpoints about stocks over the next few months. I believe that SPY is trending towards all-time high around $477, and that the Presidential election is a key catalyst to help drive this bullish price action. However, SPY's 5-month rally from March to July came to a screeching halt in August. Key Price Levels...
U.S. Dollar Index (DXY) Dips Below $100, Sparks 7 Week Rally to Bollinger Band Highs There have been a lot of media narratives surrounding a weak U.S. dollar, which has been further fueled by China and Russia improving their alliance through the BRICS nations to compete with G7. Key Support Level: The white trendline has been a key support level at $101,...
NEWS: JPMorgan Names Nu Holdings as Top Pick Among Brazilian Banks Summary: JPMorgan has upgraded its rating for Nu Holdings from "Neutral" to "Overweight," setting a $9 price target. The firm cites Nu's strong market position in Brazil, high returns, and adaptability as key reasons for the positive outlook. JPMorgan's New Rating and Price Target Upgrade to...
TSLA has reached the $270 price target (yellow resistance line). The next key price target is $300 where TSLA experienced strong selloff despite an excellent earnings report. Key price levels to monitor: (1) Red trendline - $300 resistance target (2) White resistance zone between $360 and $387 near TSLA's all-time high Technical Analysis Indicators: - TSLA...
Solana (SOL) accounts for a $1.162 billion out of FTX's $3.4 billion in digital assets. On September 13, FTX is submitting a request to approve the liquidation of these $3.4 billion in digital assets, which will place strong sell pressure on the market while also sparking fear for cryptocurrency investors. A short trade setup was posted in early August with the...
Key Findings - The best time to buy Bitcoin has historically been prior to the Bitcoin halving. - There has been a Bitcoin bottom and a second chance buy opportunity in each Bitcoin cycle. - In the 2016 Bitcoin cycle, Bitcoin received widespread global adoption that led to the first bear market rally, market manipulation by the US Federal Reserve, and the...
I had a buy zone for BN between $30 and $31 with a forecast for a bullish breakout in July. BN has been in bullish mode so far in July. Target Prices TP 1 BN already reached the first price target at $36 TP 2 $38.50 is the second price target TP 3 $42.10 is the third price target TP 4 $47.10 is the fourth price target TP 5 $51 is the fifth price...
UAA has a buy range between $6.40 and $8. We caught this UAA long in the early stages of a breakout around $7.50. Target Prices TP 1 $14 is the first price target TP 2 White resistance line (tough to accurately forecast, I will update this target later). TP 3 $22 is the third price target TP 4 $51.77 is the fourth price target then UAA can find price...
JD has a buy zone between $33.50 and $38. I was willing to buy JD between $33.50 and $36. Target Prices TP 1 White resistance line with a price target around $53-$55 TP 2 Red resistance line with a price target around $63-66 TP 3 $93.60 is the third price target TP 4 $107.93 is the fourth price target then JD can find price discovery to form a new all time high.