Retail
Gamestop in ETF GME became around 20% of the weighting of this ETF from around 1.5%
If you haven't been investing on the Reddit Frenzy, and you wish you had; now is your second chance.
21ema is the support level to watch currently, as it has held in the past; and is giving great risk-reward as we are just above it.
Volatility can be extreme, so set clear defined limits to where you are comfortable with your potential losses.
Strongpoint $STRO huge rally after strong newsflowDelivery platform unicorn Glovo chooses StrongPoint as preferred supplier for grocery picking solutions
StrongPoint today announces that Glovo, the on-demand meal and grocery delivery platform available in 22 countries and one of Europe’s leading technology unicorns (a valuation of over USD 1 billion), has chosen StrongPoint as a preferred supplier for grocery picking technology.
Glovo plans to use StrongPoint’s picking solution to empower its grocery partners with a faster, more efficient and accurate way of processing online orders – saving time and cutting costs. The project will begin in Q1 in Southern Europe and the intent is to later deploy StrongPoint’s technology to also other countries in which Glovo is operating. Glovo provides on-demand groceries via its retail grocery partners which include Walmart, Carrefour and Spar.
“Our customers expect us to be effective and efficient, delivering orders with speed and accuracy. StrongPoint has a proven track record of supplying retailers and grocery stores with highly efficient picking solutions that make fulfilling online orders faster. Every day we are onboarding more grocery store partners and we want to provide them with the easiest way to pick and pack the groceries orders so we can deliver it to the customer as quickly as possible,” said Daniel Alonso, Vice President of Q-Commerce at Glovo.
“We are extremely proud that our world-class grocery picking solution has been recognised by the tech unicorn and delivery platform Glovo and look forward to empowering their grocery retail partners with our technology. For grocery retailers the key to e-commerce profitability is making the logistics of processing online orders as fast and efficient as possible – which is exactly what our technology enables,” said Jacob Tveraabak, CEO of StrongPoint.
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StrongPoint is a Norwegian company that improves the way retailers do business, the company is organized in two business areas; Retail Technology and Labels.
StrongPoint provides retailers with integrated technology solutions that increase productivity and improve the shopping experience in stores and
online. The Labels business area offers adhesive labels for any product and application.
Recently, the companys stock has skyrocketed after very strong newsflow.
Overstock: breakout and retest of IHSNASDAQ:OSTK had an breakout of an inverse head and shoulders pattern. If the line holds it's worth a long position. Long-term this is a long anyway.
Related tickers:
OTC:TZROP
OTC:OSTKO
CVS at resistance - looking for retrace to $70CVS just hit prior resistance with a daily candle matching the previous peak. Not only that, WBA had a breakout of a massive downtrend, but the last two days formed a tweezer top so there is some bearish correlation here. I expect CVS to get rejected from here and move down to the bullish trendline at around $70.
A Retail Traders Guide to Tesla As a retail investor, the idea of chasing the ultimate trade and making the one that changes it all is always on the forefront of the mind. Personally, I am one good trade away from my dream Porsche. Tesla easily becomes alluring for just that trade. I mean when the $830 strike goes from $37 dollars to over $5K in three days who could blame you. The problem is the fundamentals do not add up.
Twenty-six ranked analysts set 12-month price targets listed below.
High target $810 – 7.96% Up
Low target $40 – 95.45% Down
Average of the 26 analysts $501.29 – 43.04% down
P/E (TTM) currently stands at 1743.58X!!!! For perspective Google is 34.74 and Apple is 40.42.
Not to mention that several analysts have real credibility issues with how Tesla reports their numbers to add an additional kick in the pants.
www.marketwatch.com
The real question is when does the madness end? As it stands it appears it may continue forever and realistically top towards a stock price closer to $1000. But it doesn’t take an IQ of 155 (Elon’s reported IQ) to realize that the current price is not sustainable nor realistic. It also doesn’t boast well that a reported $40 Billion was lost shorting. If you are reading this, it is not time to pull the rug.
My advice for my retail brethren is to leave this stock to the big boys/girls and hedge funds. The ultra-premiums and the high IV, along with the high risk of downside potential is not worth it.
As always feel free to comment, but forward hate mail to TESLA headquarters in California which I’m bound to get.
(Google Diabetic Insipidus from the top of the chart for a good laugh)
TGT Target Play for Pullback to 180 testTGT
Target pretty much top of channel that extends back further than shown here
Might be decent opportunity to seek a pullback test 180 previous high...
Had quite the move recently
Options Call open interest all around 185s Jan & Feb
Though its not really a heavily traded options name
Also it's not a super liquid name in general so is prone to decent gappy moves +/-
Earnings in March
Looking to play the 180 Puts in some sort of spread most likely...Maybe the 185s depending on how it open today, hopefully it doesn't gap down before I get the chance to open the position
I'm assuming stimulus check hope is priced in after GA elections and that could be one of the drivers of this recent surge higher
#WMT - 4H - CHRISMAS GIFT - STIMULUS DEAL. Perfectly tidy midterm uptrend since the beginning of July. One-touch on October 30th, and here we go again to test that uptrend strength. But this time, we've got a 0.236 Fibonacci support acting as a safety net.
Also, we can observe a rebound on that RSI's oversold lower band (30).
This Sunday, Republican and Democratic party leaders announced that a deal had been reached for a new stimulus check. There are enough votes for a majority approval this Monday on congress. This policy will impact positively on all retail companies such as Walmart.
Monday's pre-market will discount this political victory and from the beginning of the session, we'll have a nice bullish day.
Opening position: USD 145.95.
Stop loss: USD 144 (-1.30%)
First price Target: USD 153 (+5%)
Risk-Reward ratio: +3.91
(GOLD futures are already reacting positively on Sunday's night)
Feeding Frenzy 8 AMThis pattern first started once a week in November and has slowly developed into every other day, retail longs on the extended Euro Dollar have been pumping liquidity to short sellers. The following day usually has a nice pump and the lower lows and higher highs as the "uptrend" continues. Now that stimulus has passed I believe that more big sellers will begin to step into the market and price will correct on EURUSD. I noticed this pattern when looking at OBV and the negative divergence shows that this floating to higher prices can only go on for so long before someone hits the kill switch. Something else to note is the correlation between the S&P 500 and the DXY index. They are inverse, and all that it might take for a correction of the Euro Futures is bad week for the S&P.
Target: 160s by Feb 2021Nice bounce coming in for NYSE:WMT at the 50 day moving average.
Seeing the cycle analysis, I feel there may be some downward pressure to slow the pace for about 10 days, but WMT is at a strong support trend. We should see a consistent run up in the current channel from Jan to Feb. Potential to hit $160+ by earnings.
I consider WMT to be a good long-term hold as well to keep the portfolio diversified.
I also like that WMT isn't going "pandemic rally crazy" like some other stocks. WMT has grown out of the green channel (currently sitting below $116) since 2019. While the March 2020 dip pulled WMT back into the green channel, it jumped out of the channel soon and has not re-tested that channel. I'm very bullish on WMT long-term.
Buy the dip on $LULU after earnings?If past movement are not a guaranteed for future result, i did not get that memo... Because as it happened in the past, again $LULU had amazing earnings, beating both revenues and earnings and yet share are down more than 5% as this morning.
Here some number:
Revenue increased 22% to $1.1 billion
Comparable sales increased 19%, or 18% on a constant dollar basis
Diluted EPS of $1.10, Adjusted EPS of $1.16
IMO demand for athletics clothing will continue to rise. The mirror acquisition will guaranteed $LULU to take a piece of the pay from other player like $PTON and $APPL during lockdown orders.
Why am I bullish? On a technical prospective it seems to be holding well around 345-348 price. There are multiple factors for that:
1. Support at around 361$, 344$ and 325$. It seems to be holding at 348$ for the moment. If it does not, will be looking to buy at 325$.
2. Trend line still in up trend. It intersect quite well with support at 348$. That is why I bought some shares
3. Fibonacci retracement: also at around 348$ price.
Usually where there are multiple convergence of factors at once, stocks tend to do well.
In addition many analysts raise PT and reiterate their buying ideas.
AGAIN, past movement are not indication for FUTURE price actions. But $LULU seems to different :) Time will see.
This is not an investment advice. Do your own due diligence before investing.
NZD/CHF Long SetupNZD/CHF had a big push down after that it started having an consolidation faze and them some market manipulation to grab some profits from retail traders. I think it is the end of it and if we can get a nice bullish candle to close above the blue level it will be a nice indication that price will continue pushing higher. Cheers