UNM Unum Group (Long Opportunity) (Short term) Motives
- Stock has a very bullish setup.
- Stock is a great grower breaking out new highs with higher volume and strong momentum.
I think these setup are big runners.
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.
Greer Zones (Buy and Sell Zones)Greer Zones Indicator
The Greer Zones indicator is designed to identify optimal buy and sell zones based on the Aroon indicator and Fibonacci numbers. It detects key market shifts by calculating the highest and lowest prices over a user-defined period, providing visual cues for when the market enters a potential BuyZone or SellZone.
Key Features:
BuyZone and SellZone Detection: Automatically identifies and labels BuyZones and SellZones on the chart, helping users spot potential entry and exit points.
Fibonacci-Based Calculation: The indicator uses the Fibonacci number 233 for its Aroon calculation, a common ratio in technical analysis, to find reliable trends and reversals.
Visual Zone Marking: The script fills the areas between price levels with distinct colors to clearly visualize when the price is in a BuyZone (red shading) or SellZone (green shading).
Customizable Options: Users can enable or disable zone boxes, customize the size of text labels, and receive alerts when a BuyZone begins or ends.
Midpoint and Price Extremes: Plots the lowest and highest price levels along with the midpoint to offer a complete view of the price behavior during the zones.
This indicator is ideal for long-term traders who want to simplify their decision-making process by identifying key moments when the market enters favorable buying or selling conditions.
Screener FUL H.B. Fuller Company (Long opportunity) (Midterm) Financials
- Looking to a good year of growth,
- Good reachable expectations.
Technical
- Good bottom zone, with a very attractive price at the moment.
- Sellers have made the market but I expect this to flip because
you already see the buys rejecting the bottom level.
- Riskreward setup for at least 1/4 so attractive to speculators and traders.
Oppinion
- I think this kind of trading setup are very attractive for larger/smaller trading houses, this stock has a good outlook for the coming years also with the coming expectation cycle.
Even if this stock is underperforming I see optimism in the developments of the price and company.
AMAZON BUY SETUP UPDATEFrom my last post, price entered our demand zone and is reacting by giving a strong push on the 4hr
AMZN BUY ANALYSIS FALLING WEDGE PATTERNHere on Amzn price form a falling wedge pattern and now try to rise so there is chance of going up as the line 185.25 has broken so going for LONG is needed and the targeting profit should be around 188.66 and 191.50 . Use money management
Phoenix Motor ($PEV) Spike 193% on Record-Breaking EarningsPhoenix Motor Inc. (NASDAQ: NASDAQ:PEV ), a leading innovator in heavy-duty electric transit buses and medium-duty vehicle electrification solutions, recently delivered impressive financial results for the first quarter of 2024. The company’s performance marks a significant turnaround, both fundamentally and technically, leaving investors and analysts bullish on its long-term prospects in the rapidly growing electric vehicle (EV) sector. Let’s dive deeper into the key takeaways from Phoenix Motor’s earnings report and examine the technical factors driving its stock price.
Highlights: A Record-Breaking Quarter
Phoenix Motor reported stellar results for Q1 2024, showing remarkable year-over-year growth:
Net revenues surged to a record $9.4 million, up dramatically from $1.8 million in Q1 2023.
Gross profit rose to $2.5 million, a significant leap from the $0.2 million reported last year.
Net income skyrocketed to $14.8 million, or $0.49 per share, compared to a net loss of $2.8 million in Q1 2023. This was primarily due to the strategic acquisition of Proterra's Transit business, which resulted in a substantial bargain purchase gain.
Phoenix's total assets also expanded, rising to $78.7 million from $11.6 million at the end of 2023. Stockholders' equity saw a massive improvement, going from a negative $4.8 million to $23.7 million.
The company’s acquisition of Proterra's Transit business and its battery lease portfolio has expanded Phoenix's product line, adding heavy-duty transit buses to its existing range of medium-duty shuttle and school buses. Furthermore, Phoenix has been bolstering its operational and leadership teams, appointing seasoned leaders like **Dr. Lewis Liu** as COO and Michael Yung as CFO.
These moves, coupled with strategic partnerships such as the long-term collaboration with InductEV for wireless vehicle charging and the announced plans to establish an AI development center for self-driving technologies, position Phoenix Motor as a formidable player in the evolving EV industry.
Technical Outlook
From a technical perspective, NASDAQ:PEV is currently displaying strong bullish momentum. The stock has surged 190%, largely driven by the company’s impressive earnings report and positive forward guidance.
The Relative Strength Index (RSI) is sitting at 83.33, indicating overbought conditions. Typically, an RSI above 70 signals that a stock may be due for a pullback or correction, and NASDAQ:PEV 's current RSI suggests it is trading in overheated territory.
On the daily price chart, there is a noticeable gap-up pattern, which often signals a reversal from previous trends. In NASDAQ:PEV ’s case, the stock broke out of a falling trend channel, a technical indicator that suggests a shift in sentiment from bearish to bullish. Gap-up patterns are historically known for their potential to fuel continued upward momentum, and this time, it paid off well for Phoenix Motor (NASDAQ: NASDAQ:PEV ) investors.
The stock’s support level is currently at $0.84, while its resistance is set at $1.36. Traders should watch these key levels closely, as a break above resistance could signal continued upside, while a drop below support might suggest a correction is on the horizon.
Future Outlook: Accelerating Growth Potential
Phoenix Motor’s future looks bright, with the company poised to capitalize on the growing demand for electric transit solutions. CEO **Denton Peng** remains confident in Phoenix's ability to maintain strong performance, emphasizing the importance of integrating Proterra’s assets with Phoenix’s existing operations to fuel growth.
The company’s strategic initiatives, including partnerships, new product launches, and key acquisitions, are expected to drive further momentum across all business segments. As Phoenix Motor continues to enhance its product offerings, secure key partnerships, and expand its footprint in the EV industry, it is well-positioned to capitalize on the sector's projected growth.
Conclusion
With record-breaking revenue, strong earnings, and a solid capital structure, Phoenix Motor’s turnaround story is gaining traction. While the stock’s technical indicators suggest that it may be overbought in the short term, the company’s fundamentals are stronger than ever. Investors looking for exposure to the booming EV market may find Phoenix Motor to be an appealing option, especially as it continues to execute its growth strategy and capitalize on its acquisition of Proterra’s Transit business.
However, traders should remain cautious of potential short-term corrections due to the stock’s overbought RSI and keep an eye on key support and resistance levels. In the long term, Phoenix Motor’s growing market presence and strategic initiatives could make NASDAQ:PEV a standout player in the electrification of transit vehicles.
TESLA could be at 290-310 before you know it (NFA)Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Alright.. The chart is more than just simple as you can see -
We are in a VERY obvious channel atm on NASDAQ:TSLA
and if it continues playing the "channel game" then
290-310 looks more than likely from my perspective!
Of course if Tesla break down or up those predictions are wrong
and I will update this post then.
This is pretty much just a very short-term idea on Tesla
and we shall see if it worked or not in the end of October
If you want more "long-term" predictions then check out
the attached chart link to this post (showing a Tesla target of 500)
Again DYOR NFA <<<----
uniQure N.V - Positive divergenceOn the above 2-week chart uniQure N.V. price action has corrected 90% without the aid of share splits. A number of reasons now exist to consider a long position. They include:
1) Price action returns to legacy support.
2) RSI resistance breakout.
3) Strong positive divergence as measured over a 2-month period. Look left.
4) No share splits.
5) Price action previously topped out at the Fibonacci 1.414. Were that performance to repeat price action would top out at $215 with a 3600% return.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <6%
Timeframe for long: Qrt 1 2024
Stop loss: Will say elsewhere
PLTR Back to ATHsBounced off the .382 fib retracement with only ATH remaining. Lots of bullish momentum and TA has been smooth as well. Possible S&P 500 inclusion in September could also be driving price action from "smart money."
Flow into calls has been increasing with a few big orders above ATH have been spotted
ASMLA key company in the supply chain of biggest chipmakers.
Earnings coming up this month - price could potentially drop prior to earnings.
However, chips have seen a large tailwind in the recent weeks about AI spurring chip demand for 2025, that resulted in a lift for all chip maker stocks.
Micron recently outperformed their quarterly targets and saw an increase in stock of 17% intraday, coming down a bit lower to end the day.
Similarly, the AI tailwind could result in a similar uplift for ASML, as it is one of select companies offering a unique service that will be in increasing demand in the years to come.
The chart technical indicated a pennant, albeit slightly downward facing, indicating a risk of further downward movement. That being said, the industry news at large is overwhelmingly positive and slated for a rise in 2025 and with this risk reward ratio, it is a good hand to play while limiting downside risk.
AVGO: This pullback is a buy opportunity.Broadcom is bullish on its 1D technical outlook (RSI = 59.908, MACD = 4.100, ADX = 23.045) as it remains near its All Time High. However it is consolidating as the 1D MA50 is holding. As long as the 1D MA200 supports on the bottom of the long term Channel Up, the long term action is bullish. Aim for at least a +122% rise (TP = 285).
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$baba coiled consolidation at the lowsbaba might be the setup i'm attracted to the most. showing strength at the decade low. expected this to break the downward trend any time now. looking to the fill the gap up around $84 by eoy.
