DAL Chart ReviewI recorded this chart review yesterday.
I do like DAL for long term momentum here. As you can see, however, it has been a very difficult stock in the past. Kind of ironic how the hack on MSFT that impacted Delta actually played out to be a bottoming area so far.
Time will tell how this plays out. But I am certainly biased to the upside.
Growth
The bull market in Mediterranean rice bowlsWhile many investors spend weeks or even months searching for the next big AI stock, a company from a different sector has quietly taken the spotlight since the start of the year. With Mediterranean rice bowls as their signature offering, CAVA has surged to a market value of $15 billion and has become one of the top-performing stocks of the year up 200% since its IPO and even more than that since the year began.
Here are some quick facts about CAVA and the industry:
Market Value: CAVA is now worth $15 billion.
Stock Performance: CAVA has been one of the top-performing stocks in 2024 despite tech stocks remaining the preferred sector.
Fast-Casual Health: The fast-casual healthy dining sector is rapidly expanding, crushing companies like McDonald's as consumer preference changes.
CAVA's Niche: Mediterranean cuisine, with its focus on fresh ingredients, has resonated with health-conscious consumers. How much further can this go?
Expansion Plans: CAVA is aggressively expanding its footprint, opening new locations across the U.S.
So what's the lesson here? Well, I am not buying or selling this. I am late and missed it! The point of this story is that it can pay to look in other markets when everyone is focused on a specific sector. The biggest wins can come from unexpected places—like a Mediterranean rice bowl.
New Technologies Can Push Stocks to New HighsNYSE:CAT easily moved above the resistance highs from March and out of its sideways trading range, making new highs. The white candle on lower volume was interesting: intraday showed pro traders in control toward the end of the day as retail traders and smaller funds started selling prematurely. A resting pattern would be a lower-risk entry to prepare for the breakout.
Caterpillar, Inc. has new technologies coming to market. The company unveiled its new technologies for mining on Sept 24, 2024. It reports earnings on October 29th. If you are trading or holding this stock, check support levels but be patient.
NTL New Talisman Gold Mines LtdBuying long term position in high risk gold miner today
Exploration company but just purchased plant to start producing gold...
Technically this has bollinger band squeeze at $0.023 cents per share - it definitely is a penny stock! don't think I've ever bought something so low in 20 years...!!
Could have massive reward to risk if it turns profitable i.e. reward to risk >50X
I'm happy to lose the entire investment in this as the potential reward to risk is massive (and very rare...) especially in businesses that are involved in producing something of value that is tangible...
High risk for sure, but I believe they have done 11 years of research and starting to buy equipment to produce so they see value there...
The TRUTH is Pending through BULLISH CYCLESThe truth is pending but my REVERSAL STRADEGY unveils secret truths. Smart Money is playing it out into a rising wedge behind the background. Will it play out this way? maybe it is. They know how we think, if this happens to change then I will update later.
Meanwhile, when it is time for the crash fall, TA data will be accumulating on my end. This data will start printing out in tiny portions the CRASH IS NEAR.
We must understand, that when the crash is near, BITCOIN reads to be in its most bullish conditions which we've never seen before. The world will not stop talking about how bullish Indices, Stocks, and Crypto has been and will be.
I have no doubt many of any sort will be providing feedback to those who listen. These information providers will be on the WHALE's PAYROLL to deceive many to say more than what they shouldn't say and many will follow their advice and just then, the BULLISH FULL MOON will turn into darkness and those who provided feedback, displaying themselves as professional analyst traders, many will not to be found.
Pivot high and pivot low is my strategy, I've retraced. The Ma's work with my pivots. The yellow trend that's dotted is a possible scenario of price movement.
This bullish dragonfly doji has not closed but it's reading out BULLISH MOMENTUM for our coming months.
Beware; after 5 pm Pacific time, a minor downtrend then will reverse, and this may last for some time.
GME - The cat is gone, the mice try to keep the party goingDoing a technical analysis of NYSE:GME might seem idiotic and pointless. We all know price is ruled by Reddits and social media posts. It used to have its moments due to a kitten, with insane movements. The kitten has fled, and the Reddits still claiming this is the best company ever do not have the power to keep the stock up. Management has proven several times they do not care about shareholders, instead they see them as a tool. They have taken advantage of shareholders more than once, and they will again.
Price is now in a kind of limbo, wedge pattern. This will not last. The company has a full bank account, but has not shown or communicated anything about any potential investments. In fact, they have shown signs of trying to save the obsolete business of yesterday by closing some stores. I am fully aware that something must be going on behind the scenes, but it has been a story for some time. NYSE:GME still has the right to issue/sell more a lot of shares, and given their history of totally ignoring and abusing their shareholders, I expect another dilution of shareholders. Continued no news, reduced interest, no hope of the kitten rescue, lower highs on the chart, I feel the lower channel band will be broken and we face the support around $15, then $10. Without RK, and a non-communicating RC there is no case.
RNR RenaissanceRe Holdings Ltd (Long Opportunity) Fundamental
- Stock is outperforming the market, building on new highs, I expect this will continue to at least 300 or ~10 near.
- Company's selling goes up.
- Company has a strong cashflow position.
- Investors very want the company at the moment.
- Company has great price/earnings growth spiral, wich makes dedicated traders want it, this explains the rise and this explains the continuation of this trend until the first big break, but this moment looks not to be near.
JBL Jabil Inc, (Long Opportunity) (Midterm) Leo Hanhart Strategic
- A lot of funds enter positions.
- Stock is gaining momentum.
- Company did strategic purchases wich higher the earnings in the future.
- Strategic position in the market.
- Free cashflow is high. (and increasing) if you would make a model for that, you will see that this will predict that the stockprice will increase.
Financials
- Earnings are okey.
- Company has a good outlook.
- Valuation is a bit on the low sight (is 10-11, was 20).
- Margin is increasing.
Techincal
- Just a good momentum spot.
- If you look at the weekly candles you see big long-O.
- Buyers are making the coming market I quess.
Pinduoduo making monthly BULLISH ENGULFING SeptemberNASDAQ:PDD
PDD makes at monthly chart since IPO now in Sept the third Bullish Engulfing!
BUT look how big it is this time - HUGE UPSIDE GAIN IS NOW IN THE MAIKING AND IT JUST STARTED ....... MUCH MORE TO COME NOW!
Just look what happened at prior BULLISH ENGULVINGS ...... THIS IS HUGE - HUGE - HUGE (!)
Tesla on the Way to new all time High ............ (!)NASDAQ:TSLA
Tesla bounced of 200 at upper line of Blue Megaphone pattern und ist now in the most important Elliott Wave:
(3) of iii of 3 - THE MOST IMPORTAMT WAVE NOW - Almost nothing can stop now Tesla from Doing a NEW ALLTIME HIGH later ...!
Especially when we go above green line, which is NECKLINE of INVERSE HEAD&SHOULDER ...... which points to 25% HIGHER THAN OLD ALL TIME HIGH!
When I look at all this, I must assume that coming Robotaxi Event in LA at 10/10/24 will bring a lot of news, which gives Tesla another boooooooost higher !???!
BLZE Back on Track: Strong Sales Growth and Effective LeadershiBackblaze is a company specializing in cloud backup and storage services. Founded in 2007 and based in San Mateo, California, it offers a range of services that include backup solutions for personal computers and servers, as well as large-scale storage solutions for businesses. The company went public on the Nasdaq stock exchange under the ticker BLZE on November 11, 2021.
Backblaze focuses on cloud backup and storage services with two core products: **Backblaze Personal Backup** and **Backblaze B2 Cloud Storage**. The first product offers unlimited, automatic backup for personal computers, while the second provides large-scale cloud storage solutions for businesses, including big data storage, archival backup, and file preservation. Backblaze delivers accessible, reliable, and affordable cloud solutions, emphasizing ease of use, transparent pricing, and comprehensive backup features designed to ensure users' data is always protected and available.
Backblaze differentiates itself from competitors in several key ways:
1. **Low cost and full pricing transparency**: While many competitors offer complex pricing structures and hidden fees, Backblaze is known for its affordable and transparent pricing, allowing users to understand their costs upfront.
### Market Valuation of the Cloud Storage Industry in Recent Years:
- **2019**: The global cloud storage market was valued at approximately $46.12 billion (GlobeNewswire).
- **2020**: The market grew to around $55.6 billion, largely due to the increasing shift to remote work caused by the COVID-19 pandemic (GlobeNewswire).
- **2021**: The market continued to expand, reaching a value of around $67.9 billion (Acumen Research and Consulting, GlobeNewswire).
- **2022**: The market value reached approximately $96.16 billion (GlobeNewswire).
- **2023**: The market stood at around $101.43 billion (GlobeNewswire).
Projections indicate that in 2024, the market will grow to around $132.03 billion, and by 2032, it is expected to reach $665 billion, with an average annual growth rate (CAGR) of approximately 21.8% between 2024 and 2032 (Acumen Research and Consulting, GlobeNewswire).
At the most recent investor meeting, **Gleb Budman**, CEO of Backblaze, reiterated the company’s ongoing commitment to leading the cloud storage market. Budman highlighted Backblaze’s impressive growth and the importance of investing in innovation and advanced technologies to enhance services and performance. He emphasized that the company aims to achieve positive cash flow by mid-2025, with plans to expand into new markets, including enterprise sectors and increasing its presence in international markets (Backblaze, Inc.).
*The information presented here is for general informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities.*
Dropbox's Next Upload: Eyes $33 with Momentum and GrowthDropbox (DBX) is building strong bullish momentum, after the potential to fill a gap at the $23.00 level. A break through the $25 resistance level would signal further strength, propelling the stock toward the $28.00 weekly resistance. From there, the next target is the monthly resistance level at $33.00. With an attractive 4.14 risk-to-reward ratio, this setup provides a compelling opportunity for traders to capture upside while managing downside risk with a stop-loss at $23.40.
Dropbox’s focus on enhancing its cloud storage and collaboration tools, along with its growing presence in the enterprise market, reinforces the case for long-term bullish potential. As businesses continue to rely on cloud solutions, DBX is well-positioned to capitalize on this growing trend, making the $33 target a realistic goal.
NASDAQ:DBX
Eyes on the Road: Gearing Up for a Bullish Drive to $23.49MBLY is gaining bullish momentum, with the potential to fill the bullish gap around the $11.75 level. A test or fill at this level could serve as a strong support base for the stock to push toward the key weekly resistance at $23.49. With a favorable 6.53 risk-to-reward ratio, this setup offers an attractive opportunity for traders to capture significant upside, while managing risk with a stop-loss at $9.93.
As MBLY continues to lead in advanced driver-assistance systems (ADAS) and autonomous vehicle technology, the growing demand in the autonomous driving sector further strengthens the case for long-term bullish potential. MBLY technicals and industry position make it well-positioned for a push to $23.49.
NASDAQ:MBLY
Alpha Group - What next post-earnings and CEO sucession plan?My take on Alpha Group:
Alpha Group LSE:ALPH leads, in my view, as the UK's best FXRM firm, and institutional lending provider. What most lenders don't do is take a mixed approach - both expertise and technology when developing and implementing their services. From a macro perspective, Alpha Group provide stronger growth prospects than peers, as well as higher margins. They are continuously making large investments into their infrastructure, expanding their already strong platform. Analysts ests. momentum continues to be strong, due to the cheap valuation (despite the inflated NII).
The acquisition of Cobase had provided an additional vector of growth for the company, and will continue to do so into the future. Presently, and historically, Alpha Group have always displayed a super solid balance sheet, indicating mgmt. are in control. Buybacks are continuous, with £20m now completed in this year alone, leaving them with a huge cash position, over £180m.
And, as we all know by know, interest rates are dropping globally! Slowly, but surely, we will come down to a more modest cost of borrowing, and Alpha Group are a major beneficiary of this.
4th September 2024 - 1H24 results
• Total income up 19% yoy to £107m. Revenues at £64m, a 16% yoy rise. 1H underlying EBITDA @ £25.3m (39.4% margin), surpassing PH’s estimate of £23.3m.
• Additionally, an increase in net client additions and revenue per client. Corporate FXRM client base grew by 9% yoy, and institutional FX client numbers rose 11% yoy.
• Cash up again! Now sitting on £180m at the end of the first half. Buyback on track, now with £20m completed.
• As at 04/09, trading at approx. 6x ‘25e EV/EBITDA and an 8% FCF yield, still suggesting good valuation for buying.
10th September 2024 - CEO Transition & Succession
- Alpha Group announced today that Morgan Tillbrook, CEO, has decided to step down from his duties at the company.
- He will continue his role up until the end of the calendar year, where he will then be succeeded by Clive Khan.
- Clive is currently Chairman at Alpha Group and is also the CEO of takepayments. takepayments was recently acquired by Global Payments NYSE:GPN , which I believe provides perfect timing for Clive to step down as CEO and step up for the role at Alpha Group.
- With over 30 years in the FX and payments industry, there's no real better option than Clive, as his philosophy is almost identical to Morgan's.
- He transformed takepayments from a failing bill payments business into one of the leading card acceptance businesses in the UK. As for Morgan, he too has a history of angel investing.
- I anticipated a potential move for Morgan, as his long history of angel investing gave me a "heads up" to his absence.
- At the open on the 10th, the markets felt disappointed and surprised, causing the stock to drop c.10% on the day.
- However, Morgan made absolutely clear in his formal announcement that he will be leaving the business primed for further exponential growth and equipped with a robust business model. He emphasised that Alpha Group cannot be left in better hands than Clive, and I believe there is no reason to expect a rough transition in the step-up for him.
BYD - What next post-earnings and the BoC's stimulus?HKEX:1211 has had a strong year in growth prospects, reporting solid earnings growth thanks to its robust EV sales and expanding footprint in international markets. The recent earnings beat highlighted an impressive increase in revenue, driven by the demand for both their electric and hybrid vehicles. But what we can notice is that the stock has only reflected this as a c.16% rise in price YTD. However, the question now is: where does BYD go from here?
- More recently, the BoC's latest stimulus measures, including rate cuts and support for the real estate sector, could indirectly benefit BYD. With increased liquidity and consumer confidence, domestic demand for EV's could rise, especially if coupled with additional green energy incentives.
- As for the earnings release, the markets reacted well, and with this new-found optimism in the markets, with both the SEE Composite Index SSE:000001 and the Hang Seng Index TVC:HSI up 5.78% and 9.28% in the past 5 days, is this the turn-around for China as a whole?
Long term $180-$190 target. More downside likely short term.I think short term we can see a final push down. Company has way to much in OP EX and once it can figure out how to remove/cut the amount in half, this stock will show to investors that it has a plan for long term profitable growth.
Question is, which earnings report will it be and/or will they release news on lay offs once unemployment really spikes.
BUY THIS STOCK IN MY PINK ZONE AND HOLD 2-5 YEARS.
my main concern right now is AI hype flushing down and/or there cash on hand and free cash flow continues on its down trend...
BEARISH PLOTTER READER! (2HR TF)Good Day Traders
I wanted to use a higher timeframe, but the two-hour timeframe was more convenient because my bearish plotter is pointing out only the two-hour timeframe from all timeframes. This lets me know BITCOIN will make its way down for a minor trend.
I've done some price range measuring. I have two custom gaps left out in the open from all three measurements. This can only work with my bearish plotter.
Two red long rectangles are the left opened gaps which price can potentially hit those targets.
The green gap is genuine.
I drew a parallel trend line starting point from the top of the wick to the last bottom candle wick. I've measured the longest trendline and cloned it which is the most recent white parallel trendline.
BITCOIN is behaving as if it wants to keep pushing up. There's no way of telling. It's pushed up in the past on a daily timeframe regardless of stochastic RSI was overbought but don't count on it.
Pay attention to the most recent candlestick. The candlestick has almost filled the green gap which my custom MA has predicted an uptrend moving forward but it is just guidance.
MY ADR MA, please follow it and see the way it plays out.
Summary:
Does this mean the price can fall to those 4 prices, it's a possibility, but so far it's touched the most recent green gap.
Based on a 2-hour volume, it all makes sense. We have three levels of the highest volume.
This is only a two-hour timeframe, it's just guidance by using a strategy. I had to create my own gaps. As I created them; WALA!, look at the first red gap
let's see how it plays out, so don't panic. We're in a 3-YEAR BULL RUN.
(MSOL) marinaded staked SOL "lots of volume recentlyl"marinade staked SOL is seeing a lot of consistent volume all of the sudden in recent weeks. The price is doing exceptionally well compared to the majority of cryptocurrency and I wonder what is the reason behind the storied chart? Since October the price grew and never really had a problem with losing price. More recently, and on-going, the volume is much more compared to the entire year of 2024. Lots of volume.
Polkadot / DOT ( Hot or Not? )The price of DOT is $7.5 today with a 24hour trading volume of 777 million dollars. This represents a 2% price increase in the last 24 hours and a 22.00% price increase in the past 7 days
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi chain technology made by Gavin Wood, Robert Habermeier and Peter Czaban.
but is it hot or not? 4.5$ for Dot is a Dip and the next targets are 7.5, 7.9 and 8.3$. the next big resistance for Dot is 8.5$