Interesting picks for you π
A few interesting stocks with technical analysis for you to refer. All of them are from very different sectors. Take some time to read through if they interest you [Salute] [Heart] [Happy] .
RIVN
RIVN daily chart
Well, simply supported well above the ema200 major trendline, for over two weeks already. Last Friday, the candle appeared to breakout although the signal was not very firm yet.
RIVN hourly chart
If we look at its hourly chart, we can observe a clear uptrend in form. Therefore, I am $Rivian Automotive, Inc.(RIVN)$
OXY
OXY daily chart
After the breakout early this week, the stock is retesting its new support at around 66 USD. Moreover, oil price is quite bullish recently with US crude oil hit 90 dollars a barrel for the first time since November last year, on expectations that supply cuts by OPEC+ will tighten the market just as demand picks up. Therfore, I am $Occidental(OXY)$
COIN
COIN daily chart
How about COIN? It's at a consolidation phase after the long rally peaks in mid July. We might need to wait a bit for the stock to rally. Recently, there's news mentioning that Coin's layer 2 blockchain, Base has seen its daily transactions hit an all time high. This is possibly a sign that the blockchain's efforts to scale by fostering supplemental layer-2 networks, like Coin's new BASE, are bearing fruit. I am short term $Coinbase Global, Inc.(COIN)$
NFLX
NFLX daily chart
Poor performance for Netflix last week. The downside is still there and the stock might further plummet next week to the major support at 380. Revenue growth will be a key focus for Netflix during its earnings release next month. With its slowed revenue growth rates for the past 3 consecutive quarters which is less than 4%, I am currently $Netflix(NFLX)$
GRAB
Grab daily chart
Lastly, Grab, not very interesting chart in general. It's near the ema200 trendline and shall expect a small rebound from this level next week. Last week, Grab announced its partnership with crypto giant Circle to pilot Web3 customer experience in Singapore through the Grab app. This pushed the stock higher last week before being pulled back at the end of the week. With this small catalyst, I choose to be $Grab Holdings(GRAB)$
Come and join the discussion guys.
@MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_SG @Daily_Discussion @TigerStars
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Once it hits $406-408, rebound to $430-$445 will be fast and furious with a huge Short Squeeze. The time to buy is Now. Buy buy buy everything Netflix
Netflix is sandbagging in order not to draw too much attention to the industry disruption they are causing. I think they blow away subscriber adds when they report. If it holds 390 this month back the truck up and start loading.
Rivian is well-positioned to establish itself as a major player in automotive manufacturing. It has a team of extremely talented and competent managers in place and a work force that's developed a tribal knowledge in EV manufacturing.
Solid company that will be a major player in the EV space. The legacy automakers like Ford are failing and new titans will rise up. Tesla already has, Rivian is coming. I drive a Tesla currently but if Rivian can get their prices down a bit I'm definitely getting the SUV.
Out of all the stocks I hold, this is my fav for opportunity. High quality product going in to the future. Sky is the limit on this thing long term.
Next year Rivian will be $75+ by end of this year $35+ buy and hold!!!
$Grab Holdings(GRAB)$ I need to do more research on this one to track why certain hedgefund invested. note for myself
I'm still holding strong. The market is down just about the same amount as RIVN today so no worries there.
They're going to hit profitability in 2024 and have a cash runway until 2025 so they are on a great path.
End of Q3 we should see gas prices take off and that would support OXY as well.
RIVN is backed by Amazon. Rivian is creating delivery trucks for Amazon.
I still think 27-28 tomorrow but even if wrong Iβm still way ahead. Long game.
Great ariticle, would you like to share it?