cletibals

cletibals

1) Formed a 19-year Cup and 2-year Handle - A bullish Continuation Pattern 2) Price shows massive tightening on the daily with relatively muted selling volume and larger buying volume spikes 3) Spectacular earnings acceleration and strong relative strength compared to the overall broad market 4) The index itself (SPY, QQQ, DIA, etc...) is short term oversold...

cletibals

Negative Divergence between price action and the MACD in the E-Mini on the daily and hourly charts signal a weakening rally. Coupled with trading at 2 standard deviations above the 50-dma and evidence of distribution in the shorter time frames sets the market up for a potential correction.

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Upstart Holdings operates a cloud-based artificial intelligence (AI) lending platform. The company aggregates consumer demand for loans and connects it to its network bank partners. Levine (1997) postulated that financial development contributes to economic growth. Financial development takes place when (1) the range of financial products broadens and (2) the...

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Negative Divergence spotted in the Nasdaq Futures on the daily chart. Indexes are pushing up, making higher highs; but the RSI is seen to be making lower lows - a sign of weakening price action.

cletibals

Promising spinoff of JD.com. Had a tiny consolidation above the moving average and is rising on volume today. Range Trade with a TP of $48

cletibals

Data is the new oil; and will eventually become a digital commodity. As corporations become increasingly reliant on data to make decisions, Palantir stands to benefit. I believe Palantir should be a part of your portfolio for three reasons: 1) Given that Palantir's revenue largely stem from contracts with the Government and Business Corporations, the Company...

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LOGI is showing a consistent uptrend pattern with increased trading volume on the weekly charts. It also looks like the stock is looking to close out the week with a bullish pin bar on the weekly charts too - Bullish sign. On the daily, LOGI is looking to clear overhead resistance which also happens to be the all time high. Fundamentally, positive earnings three...

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Watch for the break above the 50 day moving average of the Nasdaq, QFIN has formed a double bottom and is looking for continuation onto the upside!

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Watch out for the next leg up as NIO enters the accumulation phase.

cletibals Updated 

Don't get caught bagholding!

cletibals Updated 

Since the March 2021 sector rotation from growth to value, many of the technology equities have sold off heavily - Xiaomi being one of them. I believe Xiaomi is a good pick to have in your portfolio for the following reasons: Fundamentally 1) An Entrenched Product Ecosystem to Secure Market Share Xiaomi has built up its brand by acquiring users with affordable...

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The V(accine) Shaped narrative continues to be in play this year, and China's financial markets are drawing record chunks of global capital - particularly from U.S. investors. This is poised to keep growing. As more money flows to China's financial markets, this allows political leaders to increase the country's political power. Thus, giving China another weapon...

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One of five priorities in China's 14th 5 year plan include pledges to peak carbon dioxide emissions by the year 2030 and at the same time, venture into green energy as an alternative energy source. Ganfeng Lithium - One of Tesla's lithium battery supplier - has been benefiting from this trend. On the daily, we can see that Ganfeng has formed and broke out of the...

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Noticed a social arbitrage opportunity where no one knew that Ark Invest bought enormous amounts of PA Good Doctor (SEHK 1833). Hence, I got myself a full position at $109.3. I believe when North & Southbound trading opens up this coming Monday, SEHK 1833 will have more room to run. Look out for a breakout of all time high at $135 supported by large volume to take...

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Pure technical analysis here! Watch for AMD to successfully break above AND stay above the the $98-$99 level. If that happens, we could potentially see a lot of upside in the coming weeks ahead. Views are my own and you should be making your own trading/investing decisions, most importantly stay green!

cletibals Updated 

The Chinese EV sector bubble pop, coupled with the recent bill passed on the delisting of China stocks have caused significant selling pressure on NIO. As you can see on the chart that it has formed a bullish flag pattern, do wait for bullish confirmation through technical indicators and price action. However, I would continue to add to my position here. NIO...

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Happy New Year guys! Here's a stock pick that will give you a thick red packet come 2021. FUTU; The Robinhood of China, has recently broke out of a short-term downtrend. This can be a long-term play or a short-term play depending on how you see it. FUTU is a long-term hold because of the increasingly affluent Chinese population. The Covid-19 crisis catalyzed an...

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I first spotted an opportunity in Yeahka when it IPO-ed in June. Saw a wedge pattern (Like 6969 Smoore and 909 Mingyuan Cloud ) and rode it all the way from $17+ till the $60 level. Since then, the bubble popped and has been on a sustained downtrend till recently - prices have started to make higher lows indicating signs of an uptrend. Additionally, recent news...