Kia ora @Kallu Here's my take on $Coinbase Global, Inc.(COIN)$ & $Riot Platforms(RIOT)$ $MicroStrategy(MSTR)$
$CME Bitcoin - main 2411(BTCmain)$
๐โจ RIOT & COIN: Geometry at Work โจ๐
Letโs break down two stocks creating ripple effects in the market with their fascinating patternsโprime candidates for trading opportunities.
๐ฅ RIOT Platforms Inc. ($RIOT):
This stock is stuck in the Doom Loopโa consolidation zone with all the hallmarks of an impending breakout. It hasnโt moved yet, but it will. For now, itโs all about precision trading within the channel.
๐ก Strategy: Watch for volume to pop and test resistance. Keep those stops tight while trading the range like a pro. Timing is everything when itโs gearing up for liftoff.
๐ Coinbase Global Inc. ($COIN):
Now, this is pure technical perfection! Currently hugging the bullish flag, COIN is whispering, โIโm getting ready to make waves.โ Tight consolidation after a strong rally is often a classic setup for the next explosive leg.
๐ก Strategy: The trendline breakout is where the magic happens. Pay close attention to the next moveโitโs shaping up to be a beauty.
๐ What Makes These Stocks Stand Out?
Both RIOT and COIN are serving up textbook setupsโperfect for swing traders, scalpers, and long-term visionaries. These are patterns that traders dream of, so donโt sleep on them!
๐ MSTR: The Chart Hog of the Day
โข Wild Stat: $MSTR is the most traded stock in America today, outpacing both $TSLA and $NVDA!
โข For perspective, the last stock to top Tesla and Nvidia might have been $GME during its meme-stock madness.
โข Even more shocking: MSTRโs trading volume is nearly double $SPY, Americaโs most heavily traded ETF.
Happy trading ahead. Cheers, BC ๐๐๐
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerObserver @TigerPM @TigerGPT
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Analysis of Riot Platforms Inc. ($RIOT)
Riot Platforms Inc. ($RIOT) is in the cryptocurrency industry and operates a bitcoin mining business.
The company has a forecasted loss for the next few years, with negative earnings per share (EPS) and negative operating income (EBIT).
The stock's recent trading volume has fluctuated, with both inflows and outflows of capital over the past five days.
The current stock price is $12.321, with a support price of $7.99 and a resistance price of $13.83.
Analysts have mixed recommendations for Riot Platforms, with three recommending and eleven buying the stock.
The average cost of the stock is $11.69, indicating that some investors are holding it at higher prices.
The target price estimates from thirteen analysts range from $8.22 to $24.0, with a mean target price of $16.67077.
The latest earnings report for Riot Platforms showed a negative EPS of $0.54 and a negative net profit margin of -182.06%.
Based on the above analysis, here are some key takeaways:
Riot Platforms is facing challenges with negative earnings and profitability in the near term.
The stock has been trading within a consolidation range, and traders should closely watch for a volume pop and resistance test for potential trading opportunities.
The analysts' target price range indicates uncertainty in the stock's future potential.
Please note that the above information is for reference only and should not be considered as investment advice. Investing in stocks carries risks, and it's essential to conduct thorough research and consult with a financial advisor before making any investment decisions.
Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and the prices and values of securities can fluctuate. Always do your own research and consider your investment objectives before making any investment decisions.
Analysis of Coinbase Global Inc. ($COIN)
Coinbase Global Inc. ($COIN) is a leading cryptocurrency exchange platform.
It has positive earnings forecasts for the next few years, with expected growth in EPS, gross income, and operating income.
The stock has seen significant capital flows, with both inflows and outflows over the past five days.
The current stock price is $321.4059, with a support price of $306.12 and a resistance price of $325.12.
Analysts have mixed recommendations for Coinbase, with six recommending and nine buying the stock, fourteen holding, and one underperforming.
The average cost of the stock is $254.8, which suggests some investors are holding it at higher prices.
The target price estimates from twenty-six analysts range from $165.0 to $400.0, with a mean target price of $259.65269.
The latest earnings report for Coinbase showed a positive EPS of $0.30 and a net profit margin of 6.69%.
Based on the above analysis, here are some key takeaways:
Coinbase Global Inc. is in a fast-growing industry, which could contribute to its positive earnings forecasts.
The stock has seen significant capital flows, indicating investor interest and activity.
Traders should monitor the stock for a potential trendline breakout, as it shows potential for an upward move according to technical analysis.
The analysts' target price range reflects the uncertainty and varying opinions on the stock's future performance.
Please note that the above information is for reference only and should not be considered as investment advice. Investing in stocks carries risks, and it's essential to conduct thorough research and consult with a financial advisor before making any investment decisions.
Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and the prices and values of securities can fluctuate. Always do your own research and consider your investment objectives before making any investment decisions.
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