Interesting level for a small trade. Take profit on 1/3 of the position size. For the rest, let it fly to the sky. Or take a loss on the full position ^^
Love PYPL long term along with SQ, buying all dips, already in full position, will double on 10-20% dip.
? USD/JPY Update – Bullish Outlook ? Traders, USD/JPY is showing strong bullish potential! Here’s the breakdown: ? Bullish Zone: We’re looking for a bullish move if the price reaches 158.10. This could be a great entry point for the upside momentum. ? Technical Target: The main target for USD/JPY is 161.00, where we anticipate significant resistance. Keep an eye on this level for possible take-profit or further opportunities. ? Support Zone: The immediate support is at 157.50, a key level where the price could potentially bounce if there's a pullback. ? Resistance Zone: Watch out for 159.00 as it may act as the next hurdle before heading towards our target.
DAMAC's moves are fascinating to watch: Just signed a FWB:20B data center deal with Trump, and now announcing a SEED_TVCODER77_ETHBTCDATA:1B tokenization partnership with MANTRA Chain. What's interesting is they're not just tokenizing real estate - they're including hospitality assets and potentially data centers. NASDAQ:OM sitting at
Trump x DAMAC x MANTRA – This could reshape crypto and RWAs as we know it. 1️⃣ Trump secures a FWB:20B deal with DAMAC: Hussain Sajwani’s DAMAC Group is teaming up with Trump to build FWB:20B in data centers across the U.S. This move is a massive step for global tech infrastructure and digital transformation. 2️⃣ DAMAC partners with MANTRA to tokenize SEED_TVCODER77_ETHBTCDATA:1B in assets: In a separate but equally monumental deal, DAMAC is working with MANTRA to tokenize SEED_TVCODER77_ETHBTCDATA:1B in assets, including real estate, hospitality and data centers. The tokenized assets will launch exclusively on MANTRA Chain in early 2025. This is a textbook example of mass adoption in the making: ? DAMAC’s Trump-backed FWB:20B data centers signal its commitment to innovation. ? Choosing MANTRA to tokenize assets puts NASDAQ:OM at the center of the RWA narrative. ? With the first-mover advantage in regulated tokenization, #MANTRA is now the Ethereum of #RWAs—but compliant. With institutions like #DAMAC diving into blockchain, NASDAQ:OM is primed for a breakout. #CryptoNews #Blockchain
With a name like "Quantum Corporation" you'd think this company was related to Quantum computing. QMCO is actually a data storage company and not into quantum computing as a focus which is more of a reason to believe that this was an insanely speculative rally driven by hype. Maybe it has value elsewhere but revenues and income look like garbage. Oh yeah and then the fun part...there are REVERSE STOCK SPLITS for QMCO. 1/25 in August 2024 about a month before the first quantum news came out. 1/8 reverse split in 2017. So when you see the all time high of $6920 that is why. Divide that by 25 and again by 8 and you will see the all time high was $34 and the true current price of this stock is.... 31.43/25= $1.25 $1.25/8 = $0.157 Yes, 15.7 cents...as of yesterday close. BUT WAIT, THERES MORE! All time low in August '24 was $2.22. Let's split that back into the real low... beep bop boop.......(2.22/25)/8 = $0.01 Yes. The all time low of NASDAQ:QMCO is one penny. Everyone feeling bullish?
CONNECTING THE DOTS ? Yesterday: DAMAC + Trump announced FWB:20B US data center deal Today: DAMAC picks MANTRA for SEED_TVCODER77_ETHBTCDATA:1B asset tokenization #MANTRA is positioning itself at the intersection of mega-deals. This isn't just about real estate anymore. SEED_TVCODER77_ETHBTCDATA:1B today, what's next? NASDAQ:OM chart looking ready ? #RWA #Blockchain #Trump #DAMAC
I think this stock has a chance to rise,but i would not recommend taken any action until earnings comes out i think in feb-mar 2025. quick look into past two earnings report, showed that the company earning has been in decline for for the past two quarters. (more digging is needed to check why their earning and company overall performance is just so bad continuously). i expect the stock to keep trending down until the earnings come out, if the earning is positive, then the stock should rise. if not, then a deeper pullback at the 0.78 should be expected and the market should decide either up from there or further down. from my POV, i expect positive news and reboun. But it all comes down to the earnings report. DYOR= do your own research.
It's been a while since I've covered Cyclicals.. since we are heading into earnings next week let's kick it off. Monthly chart here on NYA looks like we've topped a 15yr wedge after the Trump election Squeeze.. https://www.tradingview.com/x/Agn6qRwj Weekly chart is showing price is holding secondary trendline (Yellow). But it's stuck beneath weekly 20sma ... https://www.tradingview.com/x/hr8MFwbx q Daily chart As you can see we are trading between a rock and a hard place.. Holding trend but stuck under weekly 20sma.. either we break back above and push near Nov highs or the price breaks support and we start a major correction to monthly wedge support https://www.tradingview.com/x/TcmmDx2t Even if we correct back to monthly support I think it will be 1 more leg up here which would be an amazing spot to buy. To put that in perspective imagine rewinding time and buying at 2022 lows XLF (Banks) Similar to NYA top multi decade trendline.. If you gifted me Bank shares id sell them ?.. when I look at this chart I understand Why Warren buffet sold his stake in BAC https://www.tradingview.com/x/13IzCEcc Weekly chart Sitting on trendline (Yellow) support with major resistance overhead... I don't think this gets back over 50.00 and I think a very rough Q1 and Q2 will be in-store for financials https://www.tradingview.com/x/YBB89UqQ Daily chart https://www.tradingview.com/x/HuIoEloT You can see price here at trendline support.. you see that gap down there at 46.60? That was the Trump election gap ; that gap is my TGT for this earning cycle.. now if they pull the fawker route then they could pop this back up to 50.00 before the sell but if fade any pop on banks.. My correction TGT on the bank sector is 44-45.. https://www.tradingview.com/x/l9XvTV4m XLV (Health) Monthly chart Approaching 15 year trend support and Monthly 50sma.. stock has never closed below monthly 50 since 2009.. https://www.tradingview.com/x/8azxQuOR Weekly chart. Similar analysis as monthly but insert 200sma instead. Riding lower BBAnds which usually leads to a rally back to upper bands also Stochastic oversold https://www.tradingview.com/x/EqF4a95M Daily chart I think we get a rally back to 148 or 200sma this earnings season.. Price action at 136 should hold and support this move. https://www.tradingview.com/x/rMvxcbzi I'd be very careful long at 148.. Price could form a right shoulder... https://www.tradingview.com/x/jFPWTKkM This incoming administration appointed RFK over health department and he's anti vaccination, Anti medication ?.. RFK is part of the reason this sector corrected so hard so id be weary about leaps on any health stocks.. Don't get value trapped . Energy Sector XLE Monthly chart.. In the last 20yrs we are at the top of a range https://www.tradingview.com/x/AoGsPu12 Technicals say the risk to reward trading energy isnt here at these levels Weekly chart . Riding lower band and trendline so I expect a bounce back up 91.50 minimum here. https://www.tradingview.com/x/jDAAxjh9 Daily chart.. You see the gap at 90.50? Also 200sma right about at 91.00 Now take into account of the historical resistance at of 91.00 .. I think price has a very hard time at 91 and I'd bail on any longs near there https://www.tradingview.com/x/4hQ1cL4y I'll do IWM and Dow Jones Trans later
This is range forecast before NFP at January 2025. There is a rejection at 2680 level area. And this is a rising wedge pattern. Good Luck everyone !