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Stock Of The Day / 12.20.24 / PSNL12.20.2024 / NASDAQ:PSNL Fundamentals. The second day of growth on the back of $50 million investment from Merck received. Technical analysis. Daily chart: Strong squeeze on a range movement. Strong daily level 7.20, formed by a two-year high is ahead. Premarket: Gap Up on moderate volume. We mark the level 6.50 - the high of the post-trading session of the previous day. Trading session: The price stopped and began to tighten to the level 6.50 after an impulse growth at the opening. Note how the price began to pullback from the level of 6.50, trapping short traders, whose stops will provide us with an impulse movement upon breakout. We are considering a long trade to continue the movement. Trading scenario: #breakout (#tightening) of the level 6.50 Entry: 6.59 aggressive entry upon breakout of the level. Stop: 6.48 we hide it behind the level with a reserve for slippage. Exit: We close the position before the level of 7.20 taking into account that the price has moved 5 ATR (Average True Range). Risk Reward: 1/5
NASDAQ:PSNLLong
by AlexX31
Long IREN - because Christmas is almost here.Uptrend is still intact and my algo says "buy" so that's what I'm gonna do. It hasn't let me down yet with IREN. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:IRENLong
by redwingcoach
Facebook ($META) - Potential Long Setup HereOverview: META Platforms Inc. has been at the forefront of reshaping digital interaction through its investments in the metaverse, artificial intelligence, and its robust ad-tech ecosystem. The recent pullback in price offers a potential buying opportunity, backed by key technical levels and promising fundamentals. Fundamental Analysis: - Metaverse Investment & AI Push META's heavy investment in Reality Labs has been a drag on profitability but signals long-term commitment to innovation. Additionally, META has been leveraging AI to optimize its ad delivery systems, boosting revenue from its core business. - Ad Revenue Growth With improving global macroeconomic conditions and advertisers adapting to new privacy rules (post-IDFA), META's ad revenue is expected to maintain steady growth. The upcoming Q4 earnings will be pivotal in assessing this trend. - Cost Optimization META’s cost-cutting measures, including its recent layoffs, show commitment to operational efficiency, which could improve margins moving forward. Macro Trends: - Interest Rates The Federal Reserve’s dovish stance on interest rates could positively impact growth stocks like META, providing tailwinds to its valuation. Consumer Behavior: With digital ad spending expected to grow in 2024, META remains a beneficiary of the increasing shift to online advertising. Technical Analysis: Key Levels: - Buy Zone: $580.39 - $583.25 (Fibonacci 0.618 - 0.65 retracement). This area has confluence with a prior structural pivot and could act as strong support. - Stop-Loss: $574.65 (below the critical swing low). Targets: - Target 1: $604.29 (Fibonacci 0.382 retracement). - Target 2: $659.40 (Fibonacci -0.236 extension). Wave Count: The Elliott Wave structure suggests that META may be completing a corrective wave (WXY). A reversal in the blue "Buy Zone" could signal the start of a new impulsive wave. Momentum Indicators: Elder Impulse System shows bearish momentum waning, hinting at a potential reversal. RSI (not shown) is also approaching oversold territory, supporting a bounce scenario. Trade Plan: - Entry: $583.25 - Stop-Loss: $574.65 Targets: - Target 1: $604.29 - Target 2: $659.40 Conclusion: META offers a compelling buy opportunity as it consolidates near strong support levels. With its focus on metaverse innovation, AI, and cost optimization, coupled with improving macro conditions, META could see significant upside. However, investors should watch Q4 earnings closely and remain mindful of risks associated with metaverse-related expenditures. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
NASDAQ:METALong
by MrStockWhale
12/20/24 - $BTQQF - I own a small amt at $2, but complicated12/20/24 :: VROCKSTAR :: OTC:BTQQF I own a small amt at $2, but complicated - canadian quantum company focused on near term use cases, including chips (partner of NYSE:TSM one of my favorites) as well as IDX:STRK (starkware - a leading zk L2 on CRYPTOCAP:ETH ). - the CEO seems like a smart guy. i don't get scammy vibes from him - stock simply popped bc quantum is the new "space lasers making salad bots and running on palantir". that being said, a lot of these quantum names (as i've written about under NASDAQ:QUBT recently/ this week as a short)... aren't all that investable - equally, this "company" BTQ isn't really something that will return you big cash anytime soon. if there are perhaps a few thousand quantum researchers globally operating at a high level, BTQ has 30+ employees. - point is, these guys seem well positioned to ride the wave and the stock's market cap is substantially cheaper than the hardware names - which in a sense is cool b/c while i expect BTQ to dilute at this stock price which keeps me from growing size too big (as well as i expect the multi billion caps to correct further lower which could take this sub $1 again)... at that pt i'll ow it again. canadian too (and you can just buy the non OTC ticker if you live in canada as NEO:BTQ ), worth noting, associated w/ waterloo perhaps one of the best quantum labs in the world and with tight ties to NYSE:QBTS (d wave). what do you guys think? V
OTC:BTQQFLong
by VROCKSTAR
NVDA MAKES TEXTBOOK HEAD & SHOULDERS RETRACEAs the Q's bounce a bit today, NVDA has retraced from a break in the neckline (yesterday) of its current Head & shoulders pattern. The possibility of some float upwards still exists, with a what looks to me to be a likely break back down in the near future, so here are some interesting levels of confluence to consider. Note the correlations in support levels (both diagonal and horizontal), trend lines, a long term parallel channel, a fib retrace, and upper resistance levels. While I a greet that NVDA has a bright long-term future, apparent capital rotation, a decrease in demand (should inflation remain steady or increase), unchanged interest rates, and any economic slowdown may push NVDA's near/short term path downward.
NASDAQ:NVDAShort
by T8terTrader
Thyssen Krupp possible wave 4 in processIf the next low is higher than wave 1 or A, it means we have a probable wave 4 in process. Let's see if there is a reaccumulation. Even if this hypothesis fails, the stock is still cheap. The company is not making money, but why should we care about it? LOL. I like the stock. Germany is in the edge of a possible recession, so the economic cycle is not helping here. So, not many positive things, but that's why it's cheap now. If there wasn't any recession fears and the company would be making a lot of money, we wouldn't see these prices.
XETR:TKA
by NicolasRZ
12/20/24 - $vtex - Patience paid. 50 bps @5.7412/20/24 :: VROCKSTAR :: NYSE:VTEX Patience paid. 50 bps @5.74 - buying anything sub $1 bn and nevermind "brazilian" is a big ask in my book - but i love this mgmt team and the biz is growing easily teens bc they have solid B2B customers (who use VTEX to build their site/ payments etc. for instance samsung in latam uses VTEX to run their consumer facing sites+) - i think you need to consider EV to sales here near 3x for a biz that's a. been delivering solid growth and likely continues to do so in mid teens top line b. great mgns, 75% ish GM and expanding EBITDA mgn as the biz gains scale c. cash generative/ not a burner d. net cash balance sheet e. previously mentioned, great mgmt team and solid clients f. valuation reasonable and likely being somewhat affected by the dollar spike which is affecting any tickers that do biz in latam. so this has been the "fly in the ointment" but also the reason (that we didn't know about when i wrote in june) which would give us another two quarters of info and send us into the $5s - obvious buy zone is sub $5, but i know/like this and have a healthy cash balance looking to identify good '25 plays at reasonable px's. so i realize this could easily go another 15-20% lower, and that's fine - it's a situation where all else equal i'd take it to a 1-1.5% position. - the ape zone would be mid to low EUROTLX:4S , but i don't expect that. but it's on my radar for if/when. mr. market sometimes does funny things. V
NYSE:VTEXLong
by VROCKSTAR
Cyient DLM looking like it will deliver. Cyient DLM Ltd. engages in providing total electronic manufacturing solutions. It operates through the following segments: Aerospace and Defense, Medical, Industrial, and Transportation and Telecom. It offers design-led manufacturing (DLM) solutions. Cyient DLM Ltd. CMP is 677.85. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge. The Negative aspects of the company are extremely high Valuation (P.E. = 79.8) and Inefficient use of shareholder funds. Entry can be taken after closing above 686 Targets in the stock will be 722, 747 and 775. The long-term target in the stock will be 802, 841 and 869. Stop loss in the stock should be maintained at Closing below 649 or 599 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:CYIENTDLMLong
by Happy_Candles_Investment
12/20/24 - $amd - upside > downside at $120 taking a 1Y view12/20/24 :: VROCKSTAR :: NASDAQ:AMD upside > downside at $120 taking a 1Y view - tough call here b/c sentiment is so stretched - thought this take was a pretty sober take on the situation and paints a really interesting angle. tl;dr that amd has something special and we've not yet seen the extent of their stretching their wings x.com - i'd point out at low 20s PE and PE growth in the 30-40%+ range (make up a number) and a king of x86 and starting to do cool things in asics... that's not expensive. - looking at stock on it's NASDAQ:SMH (semis index) pair shows it's now had about a 50% drawdown. - where's the bottom V? i don't know. but i'd guess sub 20x PE is probably where it'd shake out and that's about 15-20% lower and puts the stock at $100. and on the upside, multi-year view, the stock should compound EPS at a pt where you'd probably realistically say it should trade at 30x next year and hold or even expand that multiple into '27. so that's probably $150 conservatively and compounding toward $200 stock by YE '27. discounted back that puts you in the >$150 but below $200 as we look into next year. - got busy with some Jan 17 2025 $110C's for about $12 bucks to force myself to go deeper on the name. and this is a rough tape, so i've been keeping my cash balance high and remain with high conviction cash generators in my book like NASDAQ:NXT , NYSE:TSM , NYSE:UBER (and i remain liking NASDAQ:META , NASDAQ:NVDA but admittedly have been trading them pretty high frequency). of course i like OTC:GDLC , OTC:BITW too but also keeping those light. so NASDAQ:AMD provides an interesting oppty to add the x86 factor to my top 3 semis names. let's call NASDAQ:AMD added to my list of 4 buyable stocks NYSE:TSM > NASDAQ:NVDA > NASDAQ:AVGO > $amd. and given the move in NASDAQ:AVGO recently it's debatable whether NASDAQ:AMD offers better MT r/r, but the narrative/ tailwind for NASDAQ:AVGO is certainly stronger and has the momentum factor working well for it. what do u think? V
NASDAQ:AMDLong
by VROCKSTAR