APPEN LIMITED DOUBLE BOTTOM IDEAHello guys. As you can see APPEN just double bottomed today. This bullish sign could pump APPEN to about 12AUD (8,85USD). The strong support at 9,58 AUD (7,07USD) should hold in the future and could be a good stoploss.
Do your own research / Trade at your own risk
NOT FINANCIAL ADVICE/RECOMMENDATION ( just my toughts about this stock) :)
Artificial_intelligence
Possible 30%/157% trade for Appen Limited / APXHello guys :). As you can see, APPEN dumped hard and hit crucial support after half year earnings results. If it holds the light purple support we could see a breakout to the first resistance line -10USD- (30% profit).
But there is certainly more possible like the second resistance line -11.15USD (42% profit) or even the third at -19.70-USD (157% profit). For those higher targets we would need some more volume and good news for APPEN.
Do your own research / Trade at your own risk
NOT FINANCIAL ADVICE/RECOMMENDATION ( just my toughts about this stock) :)
TraderNova Ai predicts: Silver long to the ResistanceIf you look at silver chart in 30 and 60 minutes timeframe, you will notice there is a resistance level at 23.8190 - 23.8270 which our AI predicted a +80% probability of achieving. We are sharing our trading ideas and hope that over time, our AI get's wiser and hopefully more people appreciate it.
This is not a direct long signal, please analyze the market yourself and enter at your own risk with proper risk management and entry setup.
We are using a well learned(!) Artificial Intelligence Robot at TraderNova.com and the trading ideas we provide on our page is the result of that robot! Please follow us for more advanced ideas and forecasts in forex market.
Should TSLA be valued as a tech company?Most of fintwit is talking about how boring the AI day was for TSLA until they revealed they are working on a robot. Its certainly not a car!
This feels like some ploy to have TLSA be valued as a tech company.
The autonomous driving AI and now a robot AI must have Cathy Woods hoping this is the next accumulation phase.
STEM indicating major buy setup!Retracement and consolidation cycle is completed after strong buy activity over recent weeks. Buy targets shown below for gap fill levels. Cycles indicate this is the bottom. Any fall below 20$ would invalidate the setup. Buying Sept 25$ call option contracts on this stock!!
UPST At Major Intersection, Now What?UPST has been chugging along since IPO. It hasn't been smooth sailing but every major drop has been greeted with the next drop putting in higher lows. Doing a little Fib retracement revealed some core levels as well as helped outline the latest high-traffic area.
It finally broke back above the 382 fib level at the start of the week and held it as lower support for the first time since May. Before this UPST was rejected for the last week at the 382. Obviously the news catalyst helped a lot in post market trading on Aug 10th..so now what? This gap up has firmly set UPST above the 236 fib level, it has only traded in this area a few times previous but hasn't managed to hold it as support for a meaningful amount of time. BUT since it's here, the hopeful are looking "up" ... maybe in the sense of optimism but I'm talking about more in the sense of levels and wouldn't you know it, right around $166 has been a hairy level for the stock. It hasn't failed at this level once or twice but 6 out of the last 7 times tested (yes I missed a circle the day it spiked to ATH). With the positive news and clear retail interest, this could be an important level to watch (along with maintaining the 236 fib area as a new support) heading into the rest of the month (for now).
One of the best performing industries over the past few months has been in tech stocks. The landscape has drastically changed thanks to the pandemic. Many companies have shifted their tech strategy to move more things online and to a virtual platform...Everything from entertainment to sports has seen this become a factor. In this article, we’ll take a closer look at a few tech stocks to watch in August that fit this mold... Continue Reading
Tencent Rushes into AI Chip Design MarketChina's Internet giants – Baidu, Alibaba and Tencent – have now all joined the semiconductor design race.
On July 14, Tencent (00700:HK) posted multiple positions for AI chip development-related roles on its official recruitment website. These include chip architects, chip verification engineers, chip design engineers, which were all posted under the Tencent Technology Engineering Group (TEG).
In response to the news, Tencent revealed (link in Chinese) that it has tried to develop some chips for specific applications, such as AI acceleration and video codec, and non-universal chips, based on some business demands.
Tencent started its foray into the AI chip market a few years ago as an investor. In August 2018, Tencent led pre-Series A round of AI startup Enflame. Later on, Enflame raised CNY 700 million in Series B and CNY 1.8 billion in Series C, while Tencent joined both rounds.
The tech giant's in-house chip development intentions have been evident for a while. In March 2021, Shenzhen Baoan Bay Tencent Cloud Computing Co., Ltd., Tencent's wholly-owned subsidiary, was registered, with Ma Huateng as the actual controller. Per official announcements, the new company's business scope includes IC design and research and development.
Baidu and Alibaba have been involved in the chip sector for years, where Baidu was the first entrant. In 2018, it announced the launch of the first in-house AI chip, Kunlun, designed to optimize AI workloads and improve Cloud computing's cost structure. Alibaba unveiled its first AI chip, Hanguang 800, in 2019. The chip is applied to the Taobao platform, which can reduce computing tasks requiring one hour to five minutes.
The AI chips developed by Baidu and Alibaba are mainly used for expanding their own existing businesses. Tencent's interest in self-developed specialized chips might also have something to do with vertical integration of the technology chain.
Dynatrace (DT) - Pullback & Long SetupI've been leaning bear for so many weeks now that I'm already looking for growth names to go long on after a much-needed pullback across indices.
Before the long entry, though, it is advisable to wait patiently for a pullback. As much as it sucks, the equities market will likely experience either a sizeable correction or short-term crash due to sustained, extreme topping action over the past several months.
Easy monetary policy makes it tempting to long hyper-growth tech companies like DT as soon as the next session starts, but it will be difficult to continue at such a sharp pace without the requisite technical pullback to support it.
That said, DT is poised to become a multi-bagger if it reports yet another stellar report in mid-May. Both the top and bottom line growth is nothing short of stunning so far, and I believe that this trend should continue. In fact, I'd be not-so-surprised to see over 1.00 $/share this time, next year.
Thus, I am posting a future Pig-Play in advance because:
a) this will certainly become one, and
b) I'm sick of leaning bear already (even though the market is still VERY MUCH bearish)
Wait for the pullback, don't wait for the pullback, it doesn't much matter if you're holding til 2050 since this will be triple digits per share by then anyway.
-DynaPig
NYSE:DT
CAPITALCOM:DT
WIN.V -- Oversold; AI mining target generation similar to SPOT.VWIN.V is currently under pressure from the .06 financing paper that hit the market last week. A large part of it was likely pre-shorted. 65% retrace from the recent highs, RSI hitting oversold levels... it feels increasingly like capitulation.
This may not be the bottom but it makes for a very attractive entry (scaling in) below recent .35 private placement and insider open market buys in the .30s and .40s. The company will have steady news flow during the summer-fall drilling season. They are cashed up for 2+ years (per recent CEO interview). Do not be surprised if it follows SPOT.V trajectory which I called at .13 when it was bogged down by cheap PP paper and that ran up to .90 (7x) on subsequent rebound. Given insider commitment, strong cash position and consistent growth, WIN.V has similar potential, in my opinion.