Market Correction Or New High? Is History Repeating Itself or Taking a Different Path
Watch the video extracted from the live session on 4 Jul 2023 below to find out the following:
Is history repeating itself in terms of market correction or will the current situation take a different path
The potential path of the S&P 500 in the first 2 weeks of July based on price action and the seasonality
An emerging theme consisting of lots of aggressive growth stocks
The key levels to watch out for
And a lot more
The bullish vs. bearish setup is 480 to 48 from the screenshot of my stock screener below pointing to a positive market environment. @TigerStars
Both the short-term and the long-term market breadth have improved significantly, which tally with the bullish vs. bearish setup as shown above.
Below is the full agenda for the webinar video (1:52:00) on 4 Jul 2023:
13 “low hanging fruits” ( $Meta Platforms, Inc.(META)$ , $AppLovin Corporation(APP)$ , etc…) trade entries setup + 38 others ( $Unity Software Inc.(U)$ , $SkyWest(SKYW)$ , etc…) have been discussed during the live webinar. Click to visit TradePrecise.com to get more stock market insights in email for free.
Trade Setup from 2 weeks ago: Dash
$DoorDash, Inc.(DASH)$ belongs to the ETF — IPO, which is the current emerging theme. There are a lot more great setups as discussed in the stock setup video.
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To understand the upside of Dash, just look at Meituan in China whose business model I think dash has been copying and evolving to fit u.s. market. Meituan's market cap is valued at $97B in u.s. dollar.
Next year, Meta could make as much as $15/share and with a PE of 20-25, stock could be in the range of $300-375.
I would like to point out, that DASH has sufficient amount of cash to survive few years even with current burn rate. Also, they are able to sell shares each year to furher support their unsustainable model. The only thing, which can bring them down is slowdown of their growth.
Market down , DASH UP. This is too strong. No one can stop this from going to $500.
My conclusion to the overall market action of late is that the markets should begin to rise, and META along with it.