THE FOSCHINI GROUP LIMITED (TFG)Foschini is testing the area of support again.
TFG recently released a robust trading update, with retail turnover growth of about 31%.
With Earnings to be released on the 11th of November we could see downward pressure step back and allow for Long trade back to September highs with a Target of R137.
Concerns: The Foschini Group lost 99,000 trading hours in the three months through September because of rolling blackout.
Growth
AMAZON long term support line, with pre covid boost accounted for, 101 ideal buying opportunity, with 85 as a possible swing Low, investment levels, not day trade, 35% - 80% upside 3 year projection when expected layoffs, cost cutting & lease of excessive ware house space have been implemented & benefits materialised.
Buy & Hold PalantirNYSE:PLTR
*This is a long term investment idea*
It's not a bad idea to start buying (& holding) Palantir down here.
With all the geopolitical tension in the world at the moment, the demand for their services should keep growing for the foreseeable future.
They have a stable stream of revenue from government contracts, along with a growing commercial business that should bolster their revenues.
Hence, their ever growing quarterly revenue numbers. (Screenshot below)
Technically speaking; momentum has been building bullish divergence for quite some time now.
At the moment, price is within the bottom range of the arcs, and has exited the yellow pitchfork without reaching it's median line. (Hagopian Gap)
I'm thinking that price should start climbing soon.
In the long term, I think price will eventually get back to the all time highs at $45.
Over the next few years, I'm thinking that a retracement to the 0.50 or 0.618 Fibonacci levels is likely. ($25 - $30)
I'm adding some PLTR to my retirement account this week.
I also plan to purchase some LEAPS in my trading account in three stages.
Positive Momentum Breakout
Weekly close above "Long-Confirmation A"
Weekly close above "Long-Confirmation B"
Fat_Fat
SPY sooner or later it will reverse trend$SPY - A Morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. Let's keep an eye out for the next one.
EUR/USD Weekend update🌐🟡EU leaders agree on joint gas purchases this news could negative effect on EUR from other side we have European Central Bank(ECB) news to investors preparing them to increase intrest rates according inflation growth 9.9%.
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🚦Main Scenario:When markets open in monday we have to wait price touch our SP line:97500 and confirm breakdown and we can short on EUR.
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🚥ALternative Scenario:If Bulls power pressure to price maybe breakout our RS line:98770 wait for confirmation to take long.
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SE ~ Lower Lows incoming? Buying Opp incoming?SE, Sea Limited has been suffering massive losses ever since its peak in the fall of 2021. This massive bull run was led with the Tech & Growth Stock boom that's bubble has recently bursted through out the current Bear Market of 2022!
Sea Limited owns multiple varieties of Business in the South-Eastern Asia Region. Businesses Like :
Shopee - Ecommerce Giant
Garena - Gaming + Esports
& Much more smaller companies
Sea Limited has grown a massive amount of revenue, but has most definitely struggled with its debt and spending to make a profit.
Nonetheless, let's get to Technicals!
SE has suffered such huge losses, many wonder where is the bottom!?
My thesis for this Stock is a short / mid term short position, followed by long term accumilation.
Short : SE has 2 major gaps to still be filled from back before COVID, and the gigantic Rally that took place on SE. I see huge potential for this company's future growth, but I think more downside is to come to give SE fair value.
Along with fair value, and these gaps SE has been unable to reclaim any weekly moving averages, and the TTM_SQUEEZE Momentum Indicator shows more bearish momentum coming.
The monthly chart will get to the point of being oversold, probably near these gap fills. At these gap fill areas, and the way down would be a proper time imo to be covering short positions.
The market also seems to have some more pain ahead, and interest rates will only hurt this company and the markets more, driving the stock down fundamentally.
Long : I do believe in this company's long term outlook and performance. I do think that this will take a while to turn around... But if these gaps get filled, the Risk/Reward on SE will be favorable if the company has only grown. I am going to be extremely patient on SE but will be ready to hunt the discount if these gaps do become filled. I Will also keep my eye on the TTM_Squeeze on the MONTHLY chart, as the Monthly chart has been getting extreme momentum to the bearish side, and will look extremely oversold in the coming months with more downside.
Thesis : Short to Gaps ; Long @ Gap Fills
Crypto - UPtober or HACKtober 🤔Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
October is notorious for upward price action on Bitcoin, earning the title UPtober about two years ago. However, a new trend has begun - HACKtober.
During this year, we see an increase number of hacking across the months but October has been the month with the most hacks and the most liquidity stolen. After 4 hacks within the last 48 hours, October is now the month with the biggest hacking statistically, and there is another 15 days to go. According to Chainanalysis, $718 million is accounted for to be stolen from DeFi protocols across 11 different hacks. At this rate, 2022 will surpass 2021 as the biggest year for hacking on record. So far this year, over $3 Billion accounted for has been hacked across 125 hacks. During 2019, most hackers targeted exchanges. Now, the biggest targets are DeFi protocols. Cross-chain bridges remain a major target, with 3 breached tis month accounting for 82% of all losses this month and 64% of all losses this year.
Let's discuss a few ways to minimize your risk when investing in this wild west market:
🖐 - Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum ETHUSDT founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
🖐 - Check the whitepaper. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan.
🖐 - It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Keep an eye out as you look for new investment opportunities in the ICO and cryptocurrency spaces. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment. Ask questions that you can't already find the answers to.
💭 Whilst I remain bullish on Crypto, the above does reveal a worrisome trend for decentralized finance. Like this, DeFi still has a long way to go in terms of security. Hopefully the SEC case against Ripple will provide more clarity in terms of regulations and responsibility going ahead.
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CryptoCheck
NEAR is sleeping?NEAR was one of the rare cryptos that could see its ATH during the bear market starting from november 2021.
However, it finished like other ones when losing 85% of values from its ATH. A very disapointed result after such great performances.
Today, prices are almost at the longterm weekly trendline and have almost stable these days. Is is sleeping? No, I don't think so.
The fundamental data show that NEAR would make interesting moves the next weeks.
One of them is that the daily active addresses had made a jump of 10 times in mid September. Daily transactions has increased 50% since then. Moreover, developpers of NEAR ecosystems are among the most active ones in term of number of commits (top 4).
As usual, my proposed TPs and SL are in chart.
All the best!
DJI (1897 to 2022) log channel reality checkCharting all possible events is useful, however unlikely they may be.
Logarithmic channel drawn from 1897.
Overshoot in 1929 and symmetrical undershoot 1932.
Throw-over and rejection 1987.
DJI entered hyperlogarithmic growth post-1995.
Bounce off channel top trendline 2009.
Maximum downside from 2022 high (symmetrical undershoot): -90% loss
- In "no bail-outs" scenario á la Great Depression.
Validity of analysis: These are straight lines roughly drawn for 120 years of data from an arbitrary cutoff point, what do you think?
Probability of risk: Unknown to uncategorizable.
XRPUSDT - Opportunity of a LIFETIME‼📢 Don't Miss It !Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
As you guys know, I am notoriously bullish on XRP, even during a bearish market! Watch this quick 5min video to get a refreshing take on an undervalued altcoin with so much potential it might just go parabolic in the future. The SEC case is definitely a dark cloud that hands over Ripple but once it it settled I expect some major price action for XRPUSDT.
In this chart I take a look at some fundamental analysis on why I am bullish on XRP. I also look at the immediate support zone and resistance zone as well as Fibonacci retracement.
Interested in my view on the entire cryptocurrency market? Check out this idea on TOTAL :
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We thank you for your support !
CryptoCheck
Thoughts on rates, bull markets, bear markets, and QEHey all,
I wanted to post a few thoughts of the somewhat educational variety. Hopefully this will help with perspective on where we've been and why I continue to see equity market weakness for the extended and foreseeable future (1-3 years maybe). So starting with this chart, this is the 10 year US Treasury yield below and the S&P 500 index above going back to approx. 1980. It's log scale to make each asset more meaningfully represented. What we notice about the 10 year yield relative to equities throughout this ENTIRE 40+ year period is that it has been on a steady declining slope as the S&P has seen significant growth and gains. The numbers for each over this stretch are as follows.
10 Yr Yield High: 16% (nearly) in Sep '81
10 Yr Yield Low: .33% in March '20
S&P 500 Low: 100 (roughly) in March '80
S&P 500 High: 4820 in Jan '22
Actually this is really interesting and I didn't realize this till now running these numbers. The 10 year yield has contracted by 48x while the S&P 500 has gained 48x over the same period... A note on falling rate environments....they're bullish for stocks. We have been in this period of steadily lower rates over time to the tune of 48x and the stock market reflects this favorable environment with the exact same multiple in growth over the same period.
Now, we all know that the FED is on a mission to tame inflation with higher interest rates..Take note of the 10 year low in Mar '20 of .33%. I believe that low will hold for the remainder of our trading careers as we see a period of steadily INCREASING rates to counter this 40 YEAR accommodative run. In the short-med term sure the FED is looking to boost into the 3-3.5% range for their target rate. Be advised that 3% is 6% shy of June CPI (9%) which puts us still in a REAL accommodative rate environment. They're gonna have to match inflation (with target rate) and then some to have it sustainably reverse course. CPI could come down as part of this process and I think it will. Let's say it fall to 6%. Better, right? We'd still need a fed target rate at 7% + to meaningfully throw water on inflationary forces. I guess what I'm saying is...3.5% is a neat target, but we'll have much higher to go beyond that. I see this as a give and take over the coming years as rates make new highs which puts equities in a tough position until this process plays out. I'm kind of looking at 2000-2003 period of multiple contraction post dot com bubble as a reference for this current environment. Sorry, the bottom is not in and it could take years to get there.
Ok all that said I wanted to also clarify some things regarding Quantitative Easing and what it actually means when we say the Fed is "Printing" Money. The Fed engaged in QE first time around in November 2008. I remember pretty well as I was working in Midtown Manhattan for an asset management firm and we were in the thickest part of the financial crisis. CNBC was on perpetually for our desk of sales people...Anyway I see a lot of folks referencing FED printing and their balance sheet but often the context or implication of this concept is apparently misunderstood by many in TV chats and comments. Being a nerd, and having worked for the largest bond manager during the first QE, the firm was with was instrumental in helping guide the fed through that stretch...I'm gonna lay out how QE works for all to observe (if you are not clear already).
Quantitative Easing (QE) is when the FED purchases US Treasuries and or US mortgage backed bonds from the open market. The real purpose of this strategy is to lower or maintain low borrowing rates for the US Gov, US mortgage borrowers (homeowners) and by extension bc the US Treasury is the benchmark, all debt and borrowing rates. QE is typically employed as a supplemental strategy once the actual FED target rate is at or near 0%...can't go lower right? Wrong, kinda....this is where the FED would likely utilize QE if rates at 0 but they still wanted to do more to stimulate growth/be accomodative. When the FED buys US treasuries or mortgage backs, it sends those yields lower. This rate influence impacts the entire bond and rates markets by extension as a lower benchmark bc there's a huge buyer of US bonds! the FED to the recent tune of $9 Trillion. I'll pose the question..."where'd they get the money?" They just kind of acted as if they had it....and bought the bonds...and held em. Without actually printing it, the impact of this is as if there were $9T more dollars in circulation and far more demand for treasuries than is reality.... They lowered interest rates without changing their target rate (which was already at 0%) and did so by theoretically "printing" the money to make the purchases. That's it, that's QE. Worth mentioning that we are now in QT (tightening) and they are selling those same bonds back effectively removing the "as if" $9T from circulation.....it never really was in circulation but QE simulates as if it were...This selling of US Treasuries and MBS is what they refer to as reducing or unwinding their balance sheet. $95 B/ month currently I believe.. Bear in mind that these sales will have the opposite impact on rates as the purchases so while the fed is raising their target rate 50-75bps per meeting, there is an additional impact on the bond market from QT.... If you read this far my hat's off to you. Hopefully someone learned something...thanks
~B