Wonder if this is the first of many. I wouldn't like to be any online training / support desk type business with the rapid adoption of ChatGPT. Could be a good opportunity for the shorters out there to look around for similar businesses that might feel the impact. In Cheggs case I wonder if this drop will snowball, or be considered an over reaction by the...
Tricky position. Lot of FUD circling Coinbase with increasing Government regulatory attention. With earnings due in a couple of days it will be interesting to see if it rallies 40% + back up to its previous resistance area or perhaps just as likely, drop another 40% back to its recent low. One to watch either way. Best to wait for confirmation.
Hermes is a French fashion house offering a wide range of goods. They have had a great run over the last 12 months or so in a softer economy so could be interesting to keep an eye on. Up 100% over the year, but the RSI and MACD indicate better value might be ahead if looking for an entry. One to watch.
Deckers has had a nice steady run over the last 12 months climbing around 65% over the last 12 months, and more before that. Probably too expensive at this stage and I'd be waiting for a pullback into the lower end of its range with sign of a recovery. One for the watchlist.
e.l.f. Beauty, also known as e.l.f. Cosmetics, is a cosmetics company that offers a wide range of affordable and high-quality beauty products. The company's name stands for "eyes, lips, face," which reflects its focus on makeup products designed for these facial features. e.l.f. Beauty's product lineup includes cosmetics, skincare items, makeup brushes, and...
The Bitcoin market has exhibited an oscillatory consolidation phase within a well-defined horizontal channel, oscillating between the $27,100 and $28,500 price thresholds over the last 18 days. The Relative Strength Index (RSI) has maintained a moderately bullish equilibrium at a constant level of 60, reflecting a tentative market sentiment with investors...
Qantas has announced an interim underlying pre-tax profit of $1.43 billion in its first return to profitability since the coronavirus pandemic started. The airline's record first-half result was at the top end of its forecast , with revenue of $9.9 billion. All segments of its business turned profitable during the half year, led by Qantas Domestic, which...
Domino's Pizza Enterprises Ltd.'s stock in Sydney dropped 24%, its biggest decline ever, after reporting a 21% drop in first-half earnings as customers resisted price hikes implemented to offset inflationary pressures. The company stated that the increase in prices hurt customer counts, especially in Europe and Asia. From personal experience I can confirm. I'd...
Kogan.com has reported a "return to profitability" happened in January, when it recorded its first positive underlying earnings since July 2022, totalling $1.5m. It is down a LONG way from its old highs. Will be interesting to see if this is the start of any kind of price recovery. Might be a bit too soon, but one to watch.
Facebook / META is now up some 140% since the start of November with plenty of upside to all time highs. With the Zuck laying off staff left right and centre giving the stock a boost, the latest news that might keep the run going is the increasing pressure on the US and other governments to ban TikTok from mobile devices due to security of personal data...
"Tesla (TSLA) on Sunday reported first quarter delivery and production numbers that topped estimates, indicating price cuts it initiated across the globe are boosting demand." ~ Yahoo News Be interesting to see what it does for the price when the market open on Monday. The other good news in Teslas favour is the US EV car buying subsidies are increasingly being...
Few stories floating about over the last couple of days of a possible takeover of Sigma by a lithium hungry Tesla looking to shore up supply. Could be worth a watch...
Been asked a couple of times recently whether this functionality was available again and how to enable it and so the good news is that it is indeed back and it is a very simple way to see visually on your charts who is bullish and who is bearish and get a rough idea of the overall sentiment of investors. Have a play with it and find some people to follow.
Had someone ask how to do this and if you know, it's simple, but if you don't it might not be all that obvious. Video covers adding indicator windows, moving them, hiding them, merging them, moving objects to the foreground and to the background, adding indicators on indicators, changing their settings etc.
Some of these AI stocks are running hard with all the publicity around ChatGPT. Looks expensive / overbought, but could be worth keeping an eye on and see where it goes next.
Whitehaven Coal just keeps going up and up. I keep waiting for a pull back but it keeps going from strength to strength. Not sure how long it will run for - but might be worth setting an alert for a pull back - OR - have a look around in the same sector for a copycat style trade - see who else is running. See my post below for how to find copycat trade ideas.
The cheap can always get cheaper, but the last couple of times Amazon has had a drop like this sending the RSI into lows we have ended up with a 20% or so bounce. Will be interesting to see if it happens again this time around or whether it continues its downward slide without the recovery rally. One to watch.
Up 5% in the pre-market. Cuts were anticipated. This represents around 13% of the workforce. Between Meta and Twitter there's going to be a lot of quality coders on Fiverr for the next few months.