Tuhi_Capital

Tuhi_Capital

- Pretty sad to see investors lose money especially when a company has fabricated sales and manipulated their numbers. Unfortunately this is going to raise a number of red flags for Chinese IPOs and other listed companies. Expecting to see more issues in this space. - Technically the price has tanked - not much to talk about here - no oversold reading is...

Tuhi_Capital

- On Monday there was news that Moderna’s Covid-19 vaccine candidate is generating an immune response in Phase 1 trial subjects. - We also then saw massive buying push the market cap to now $29 billion. This is NOT a proven company and doesn't have any marketable product YET. - Some concern has since been expressed by Vaccine experts others on on when...

Tuhi_Capital

- Ripple partner & investor, SBI Holdings announced plans to integrate Ripple-powered settlements across ATMs in Japan. This further enhances XRP adoption. - XRP is continuing to push higher and set to challenge its 200 day ma. The overhead resistance zone at 0.27 is a logical target.

Tuhi_Capital

- BTC has recovered nicely from its corrective move down over the last week. - It seems to have held comfortably over the 200d moving average with +ve momentum and looks set to hit our first target of $11.8k over the coming weeks. - We have a trailing loss in our position currently at $8k.

Tuhi_Capital

- AUDUSD has broken out of its upward channel. - Shorting opportunity exists down to the lower sloping pitchfork parallel.

Tuhi_Capital

- Dow ends its 3 day losing streak and closes higher. This coincides with the bottom of the linear channel and a Demark 13 count. - Expecting prices to head to retest the overhead resistance zone at 25,809. A break out of its mini downsloping pitchfork is a bullish signal.

Tuhi_Capital

- Bitcoin has rebounded strongly after its much anticipated halving event. Notable investors such as Galaxy Digital Founder & Billionaire Michael Novogratz saying now is the perfect time for Bitcoin in a CNN interview. Also noteworthy billionaire Paul Tudor announcing that roughly 2 percent of his assets are in Bitcoin. - Technically BTC is continuing its...

Tuhi_Capital

- Beyond Meat is set to benefit from the current breakdown in the traditional meat supply chain and ongoing shortages. - Technically we have broken out of its downtrend and now managed to hold this breakout for a consecutive days. Price is technically overbought and it's likely to consolidate at these levels. This is noted in Connor's RSI momentum now...

Tuhi_Capital

- Aussie has kept its relative strength against other currencies and nearing its 200d ma. - Waiting for a breakdown of the current support below the double top formation. - Not in a hurry here - but not entirely sure what's driving this dollar strength given the macro conditions in Australia.

Tuhi_Capital

- Gold is up YTD ~13% and been in a strong uptrend since 2018. - Price is coiling and volatility is contracting into a Pennant / Wedge type pattern. - Fundamentally with rates so low and so called endless Fed money printing - gold continues to have a strong macro appeal. Expecting prices to resume its uptrend at this stage - may take some profit of the...

Tuhi_Capital

- AMEX:SPY has retraced over 50% off its Corona Fall - and done it quite confidently. - Fastest Bear Market Dip and Now the Fastest Bear Market Recovery - it can be a pretty hard pill to swallow especially when there is still a full blown health crisis going on. However markets don't always behave the way we want them too. - Right now - we remain long in...

Tuhi_Capital

- Starbucks fell this quarter on a negative earning surprise - a business which was hit by the Coronavirus. - Technically it's recovered quite well from its lows and is set to battle its 200d MA. Its failed once already and is now bouncing off its warning line. - We would be buyers at the below demand zone around $66 - otherwise a breakout from its 200d MA...

Tuhi_Capital

- $NVAX, +30.80% as it rallied after the biotech announced it received a large $384m investment for its COVID-19 vaccine candidate and beat Earnings expectations. - Technically we are in a strong uptrend - just broken out of its corrective move down. This is the type of stock which may take off further quite quickly - we could wait for a pullback (possibly at...

Tuhi_Capital

- As economies start to take more reopening steps - copper has moved off its march lows. - We remain bullish overall on Copper and note it's real world application and indication of global production / activities. - Expect prices to correct at the overhead supply. We are in a trend move up and will look to pick up some contracts at the below demand zones. -...

Tuhi_Capital

- An earnings surprise of -69.05% causes Marriott to drop due to impacts of Coronavirus on its business. - A short position could be initiated with a reasonably tight stop above Pivot C - target the prior lows or Median Line of the down-sloping pitchfork.

Tuhi_Capital

- AMD fell on worse than expected earnings (-23%) and looks like it is pushing down along this downtrending pitchfork. - This is a high growth stock going through a correction and not a crash. Buying opportunities exist at the below demand zone or along the uptrending pitchfork parallel line. - Bullish divergence is evident and we may see the stock move back...

Tuhi_Capital

- Under Armour has fallen 3.3% in premarket trading because it's reported worse than expected quarter losses. Net losses totalled $559.7 million - It's laid off workers and borrowed new money to try and sure up its balance sheet and lower its expense base. - Overall its been under performing the S&P 500 and we are sitting at 2011 stock prices. From a...

Tuhi_Capital

- Dow futures are up and it's just has broken out of its downtrending mini Pitchfork to resume its uptrend. - Likely to test resistance at 25734 and pull back. Options to go long at the lower Demand Zone or the bottom of the rising channel.