DJI retraced already 17% from 36952 ATH to a low of 30636, now at 32120. This completed a 1:1 abc corrective wave. 30636 is also the black VWAP from pandemic low. This may be the bottom if 30636 holds. If it does not hold, DJI may retrace 20 % (bear market boundary) to 29570 pivot which is also the pre-pandemic top. This will be near the 0.382 FIB retracement ...
REASONS TO BE BULLISH Technical - Recently broke out of a 15 year pennant pattern and just retested for support. Technical - Recently crossed and reclaimed the 50 MA. Technical - MA 50 looking like it may cross the 100 and 200 in future months. Technical - RSI is in the bull zone (bouncing off its base). Technical - A 155p entry was triggered when...
REASONS TO BE BULLISH Price just reclaimed the 50 MA and is hovering right at the 100 also (£1,817). RSI on the 2 week chart recently turned bullish, coinciding with reclaiming the 50 MA. Trend line + MA cross = Bullish Entry. These are my favourite trades when the two signals cross the threshold on the same candle. Double confirmation. Further upside...
INVESTMENT CONTEXT The evacuation of Ukrainian troops from the Azovstal plant in port-city Mariupol suggests that Russia may be taking the final steps to seize control of the area McDonald's (MCD) and Renault (RNO) announced the full exit from Russia. MCD will sell its operations in the country for USD 1.2-1.4bn write-down, whilst RNO assets in Russia were...
It seems even more likely that YM Dow futures may retest the most recent 12% correction low with major moving averages failing to give support. Bearish scenario: However, if this negative 12% level does not hold, the risks are increasing that it may target the next 17% correction level. (This is more likely that the worst scenario of a 20% correction bringing it...
Based on analysing the company financial, qualitatively and prospectively, the fair value of Apple's stock seems to be in between 120 and 130 dollars while the lowest most conservative realistic value stand around 96 while with best assumption of future growth, and based on the true sustainability of said growth, the highest value seems to be around 178 dollars a...
$MP made a new ATH just recently as I was/am expecting this stock to go far, however, the wave count and the indicators show that the price acceleration has taken the stock to the overvalued zone. The price can still go up if momentum traders pick up the stock and push it more towards the sky, however for long term investors the valuation is becoming rich for what...
Interfor Corporation IFP - Canada (IFP) Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. At the time of writing this on, 19/3/2022, the share price at $42 is just a whisker...
Hockey legend Wayne Gretsky famously said: "Skate to where the puck is going to be, not where it has been." This sometimes applies in investing and trading. Towards what object have investors been skating, figuratively speaking? Currently, financial media, fund managers, and commentators have been emphasizing the opportunities in value over growth for several...
Hello Friends! Tesla had a great earnings call. Unfortunately, Tesla’s value is very high and it’s having a hard time through these market selloffs. At this point Tesla needs to hold $814 (200 day) and then it needs to break above its $903 resistance. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
The rise of inflation has investors quietly returning to many commodity-related stocks that were popular 2003-2007. One of them is Bunge. Earlier this month, the soybean processor touched its highest level in over 13 years. It pulled back but is trying to stabilize around the same $92 area where it peaked last May. Is old resistance new support? BG is also near...
2022 has begun with another sharp rotation from growth to value stocks. The SPDR Technology ETF had its biggest weekly drop in over a year, while the SPDR Energy ETF had its biggest gain in even longer. Financials also jumped: Price action in the two value sectors (XLE and XLF) seems to resemble XLK another moment 5-1/2 years ago. The chart below...
I don't know about you, but I got the Saturday Night Fever for VIAC. Since Archegos made its fatal misstep, VIAC has been under short pressure from the Shylock. Tax harvesting has relieved some of that pressure from shorts. Add market sentiment shifting to risk off appetite, We will likely see a retro stock like VIAC back in fashion this year. I'm not...
Do you know regular & consistent investment strategy leads to wealthy financial asset creation ? Simple way of doing the investment would result bigger wealth accumulation over a period of time. It is interesting ,Backtest proves YES it works :) Have collected data of SPX500 from 23-09-2013. Goal was to put 500 USD every 7D (weekend ,holidays excluded) &...
Hello my dear subscribers Finally I am back with new investing candidates. Today we will talk about Medifast Inc. It is personal services company, which made own product OPTAVIA for peoples, which want change their lifestyle and habbits on healthy and strong. Levels for entry are here: From 1-year profile we have 2 levels. First level is at 188.42 to 197 USD....
Hello investors! It has been a while since I posted my latest investing idea/opprotunity. I have been researching SIMCORP A/S for a while now. For my intrinsic value I used a formula from "RULE 1 Investing" by Phil Town. I have calculated 3 differend intrinsic values for 3 differend scenarios. Optimistic: 1999,61 kr Neutral: 1282,01 kr Pesimistic: 837,64...
Noticed KO seems awfully familiar to MSFT chart. Nice consolidation over the past 20 years and if we do see a value rotation KO could be a nice buy and hold with some great potential gains.
Alibaba oversold - RSI is low, historically this has preceded growth. P/E and P/B are low compared to other industry players and historically. Stochastic RSI was also down so tomorrow may be good for a buy. Debt to equity ratio decreasing. despite a bit of increased dept from a few Quarters ago. Let's see what the next few days bring, likely will open a buy...