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Platinum (XPTUSD)I believe that we are currently retracing the previous high. The current low area seems like a higher low on the weekly. That Mac D looks like its attempting to lose momentum and should eventually cross to the upside! I want either 38% or 61% of previous high. I won't hold forever. Just as long as I can to squeeze some juice from this nice valuable metal. Platinum is a well respected metal used throughout several industries. Platinum is used extensively for jewellery. Its main use, however, is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year. Platinum is very effective at converting emissions from the vehicle’s engine into less harmful waste products. Platinum is used in the chemicals industry as a catalyst for the production of nitric acid, silicone and benzene. It is also used as a catalyst to improve the efficiency of fuel cells. The electronics industry uses platinum for computer hard disks and thermocouples. Platinum is also used to make optical fibres and LCDs, turbine blades, spark plugs, pacemakers and dental fillings. Platinum compounds are important chemotherapy drugs used to treat cancers. source: rsc.org
FX_IDC:XPTUSDLong
by Redimere_91
1
Draft KingsI might've gotten in too early here to be honest. However, I feel that draft kings has a lot of momentum with the variety of reach and marketability they have. The name is familiar and they continue to have good incentives and easy to use platform. I know their financials aren't the best but I consider this an emerging market even though some may disagree. I think as technology grows, so will the thirst of competitive gambling. I see a W pattern forming. As much as I want it to shoot up right now, I feel like the double bottom needs to truly form before a true move is made. I don't want a homerun here, I just want a base or two lol.
NASDAQ:DKNGLong
by Redimere_91
3
Monster BeveragesMonster is a drink many people depend on. I've seen many coworkers throughout my time working using this product. I know there are other competition in the market and that energy drinks overall aren't the healthiest in my eyes. However, due to TA, I can't see why we couldn't squeeze out some of this potential retracement of the previous high. We are far away from the 200 day ema. I would like price retrace over time to meet it towards the upside. I will more than likely demo trade this stock.
NASDAQ:MNSTLong
by Redimere_91
EUR/USDAlthough we've been on a bearish trend since March, there has been a few moments where price has tested its previous "lower" high. As you can see by my triangles, price seems as if it is ready to retrace the previous high. On the 2 hour timeframe, I saw a strong bullish candle cross the 200 day ema with the current candle opening above the previous one. Last time there was a retracement was more than likely back in August on the 4 hour time frame where price retraced about 38% of its previous high (May 2021). Let's see if price can retrace our previous high up to at least 38% or more before the bearish trends continues. You would think the usd is stronger but it seems like since 2008's crash, the dollar has progressively been getting weaker. With our current economic situation having slow growth, I plan on riding this retracement up until the chart tells me different.
Long
by Redimere_91
United Airlines $UALLet's be honest, United Airlines is well known name throughout the Airline Industry. For decades, they have been well established domestically and foreign. Looking at their balance sheet, a few thing that stood out to me was how astonishing of a COVID hit they've taken. A negative eps of 25.30 is something I would normally run away from without looking back! Surprisingly, their assets have been increasing annually steadily since 2014. Also seems as if pre covid, they had a stable growing total equity which is impressive. Although their operating activities has been hit by the storm, they've seemed to hedge that by managing their investing activities and financing to some degree. Having a recent quarter where they reported a 1.81B FCF increase was a nice piece of new data to pick up on. If i'm being honest, this company looks damaged to me and possibly over valued for where it's in nature of everything that is going on in the world right now. However, there has been some recent news about the White House lifting the international travel ban for airline Nov. 8th. United has the most international traffic ranking 7th amongst airlines globally and 1st within the states. With recent news as of 10/14/21 with them expanded their flight capacity to 10 new flights and 5 new destinations internationally, this is some of the biggest news they've had in a long time! I'm looking forward to seeing how this plays out!
NASDAQ:UALLong
by Redimere_91
GBPUSDFundamental analysis : The UK economy is in a tricky spot right now, with growth stalling due to the remnants of the Covid-19 lockdowns flushing through the system, while supply bottlenecks are becoming frequently cited by businesses across the country. And with price pressures on the rise, the dreaded word ‘Stagflation’ is starting to make an unwelcome comeback. Annual UK inflation is currently running at 3.2%, above target, and is expected to hit in excess of 4% in Q4 before fading back to target. However, as has been seen in the US, transitory inflation can easily become sticky inflation and this would pose a problem for the MPC, especially if growth continues to slow. The UK jobs market remains a bright spot for the economy with around one million jobs available, the highest level since records began. Recent ONS data showed 1,034,000 vacancies between June and August, nearly 250,000 more pre-pandemic job openings, while the unemployment rate is estimated at 4.7%, just under one percent higher than pre-pandemic levels. The effect of Brexit, with large swathes of younger people from the EU who worked in the hospitality sector leaving the country, and the Government’s furlough scheme has left employers scrambling around to find workers, with the resultant hike in wages likely to feed through into inflation in the coming months. The furlough scheme is currently expected to end by September 30 and the resultant flow of workers may help to fill some of the available positions, but with the economy still expected to grow at a decent rate going forward, the jobs market may remain tight in the months to come. We have been fairly constructive about the British Pound this year and see no reason to change this fundamental outlook. The covid-19 vaccination program has been a great success with nearly 90% of the population over 16 years old having had at least one dose, while 82% have had two vaccinations. New cases and fatalities however remain unacceptably high with the expected downturn in both not seen yet and these numbers need to drop sharply and stay low before the government can highlight the success of the program. The British Pound is likely to push gently higher against a range of other currencies during the final quarter of this year, boosted by this vaccination program, the expected interest rate hikes in 2022 and a strong domestic economy.
Long
by AbdallaAmgad