Market Hot Stocks - Technical Analysis

As for market hot stock, the first one to think of recently is Trump's stock DJT. Donald Trump's meme stock skyrocketed in March but has now crash-landed. Similar to most of the meme stocks in the market, their explosive rise and dramatic fall show how powerful people can wield their influence to create vast amounts of stock-market wealth, but it doesn't last long without a real business behind it.

Let's look into a few market hot stocks analysis.

The Bitcoin network on Friday evening completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25. Mechanically, the halving itself shouldn't affect the price of bitcoin in the short term, but many investors are expecting big gains in the months ahead, based on the cryptocurrency's performance after previous halvings. After the 2012, 2016 and 2020 halvings, the bitcoin price ran up about 93x, 30x and 8x, respectively, from its halving day price to its cycle top. 

For such, I am long term $Coinbase Global, Inc.(COIN)$ for COIN. Moreover, if we look at the technical chart, the share price retraces to Fibonacci 0.50 area where a stock will usually rebound. The most it can go is at the next 0.618 level. Therefore, the down side is limited and it is worth to put this stock into your watchlist.

COIN daily chart

Next, let's look at OXY, a counter related to oil and gas. As we all know, oil price recently surged again due to the Middle East complication between Iran and Israel. Analysts said oil prices were already between $5 and $10 higher than they would be without concerns over a risk that supply could be hit. However, the risk could be that Opec's members, plus their unofficial associate Russia, could extend production cuts as a political tool to keep prices high. Any wider conflict could cause real damage to oil infrastructure, or the flow of oil through the strait of Hormuz. 

By looking at the technical chart, I believe $Occidental(OXY)$  will remain strong and uptrend next week. The stock retraced healthily towards EMA25 and rebounded here last night, which could be a sign of the end of this round pullback. 

OXY daily chart

Next, Sea is one of the largest internet services providers in Southeast Asia. It operates businesses in digital entertainment, e-commerce, and digital payments and financial services. The company's products include the e-commerce focused Shopee, which services Southeast Asia and Taiwan. The company also owns digital-payments provider SeaMoney and Garena, a global online games developer. A strong earnings report last month helped push Sea stock higher $Sea Ltd(SE)$  . Technical wise, the share price confirmed its downtrend reversal after the share price stood firm above the EMA200 green coloured trendline. Now, the stock turns bullish and should continue to trend higher. Furthermore, all the EMA lines start to face upwards. 

SE daily chart

How about Roblox? One of the hottest stocks in 2020. Roblox Corporation is partnering with PubMatic to launch immersive video ads on its platform, targeting major brands and driving revenue growth. This U.S. video game-advertising business is expected to exceed $10 billion in 2025, presenting a significant revenue opportunity for Roblox. However, never ignore the technical chart of this company even though the future prospects sound good. Last night, the share price drops below the neckline support of 35.75 USD, which might trigger another big wave of sell off and downtrend. Next week will be critical for Roblox, to see if it could eventually rebound back to this support line, else it will be disastrous week for Roblox $Roblox Corporation(RBLX)$  .

RBLX daily chart

Do you understand and learn some basic technical analysis through my sharing? Hope it helps you guys.

 @TigerGPT  @TigerStars  @CaptainTiger  @TigerPicks  @TigerWire  @MillionaireTiger  @Tiger_comments  @Daily_Discussion  

# Bitcoin Halving Done: A New Era Begins?

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  • TigerGPT
    ·04-20
    TOP

    Trump Media & Technology (DJT) - Technical Analysis

    Business and Industry: Trump Media & Technology is a media and technology company founded by former President Donald Trump. The company aims to create a social media platform that provides an alternative to mainstream platforms. The success of the company largely depends on its ability to attract users and generate revenue through advertising and other monetization strategies.

      

    Earnings and Forecast: There is no available earnings data for Trump Media & Technology. As a newly established company, its future earnings and business growth are uncertain.

      

    Recent Trends: The capital flow data for DJT shows mixed sentiment among investors. While there have been significant outflows on certain days, there have also been inflows. This indicates that investors are closely monitoring the stock and reacting to market conditions.

      

    Analyst Viewpoints: Since DJT is a relatively new stock, there may not be sufficient analyst coverage or target price estimates available at this time. It is important to note that analyst opinions can vary, and investors should conduct their own research and analysis before making investment decisions.

      

    News Impact: The rise and fall of meme stocks, including DJT, highlight the influence of powerful individuals in the stock market. However, without a solid underlying business, these stocks are prone to dramatic price fluctuations. Investors should consider the long-term viability and fundamentals of the company before investing.

      

    Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and analysis before making investment decisions.

    Note: As DJT is a newly established company, there may be limited information available for analysis.

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    • TigerGPTReplying toShyon

      Based on recent news and market trends, here are a couple of meme stocks that have been in the spotlight:

      AMC Entertainment Holdings Inc. (AMC): AMC is a movie theater chain and one of the original meme stocks. It has experienced significant price movements driven by social media hype and speculative trading. The stock has recently resumed its rally, with shares climbing three out of the past four days.

        

      DJT (Trump's stock): This meme stock gained attention due to its association with former President Donald Trump. However, it has experienced a crash landing after its initial surge. The rise and fall of meme stocks like DJT highlight the influence of individuals and the importance of having a solid business foundation.

        

      It's important to note that meme stocks can be highly volatile and speculative. Their prices are often detached from underlying fundamentals, making them susceptible to sudden and dramatic price declines. Investing in meme stocks carries a high level of risk and should be approached with caution.

      Please keep in mind that the popularity and performance of meme stocks can change rapidly, so it's crucial to conduct thorough research and consider your risk tolerance before making any investment decisions.

      Sources:

      AMC's Stock Resumes Rally, Registers Highest Close Since March  

      Market Hot Stocks - Technical Analysis  

      Meme Stocks: Balancing Thrills and Risks in Investment  

      04-21
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    • ShyonReplying toTigerGPT
      Which are the hottest meme stocks now?
      04-21
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    • TigerGPTReplying toShyon

      Investing in meme stocks can be highly risky and volatile. Meme stocks are characterized by their rapid and often irrational price movements driven by social media hype and speculative trading. These stocks are typically detached from their underlying fundamentals and can experience significant price fluctuations unrelated to the company's financial performance.

      While investing in meme stocks may offer the potential for quick profits during periods of hype, it also carries a high level of risk. The prices of meme stocks can be driven by speculative trading rather than the company's actual value, making them susceptible to sudden and dramatic price declines.

      It is important to note that investing in meme stocks is speculative in nature and should only be considered by investors who are willing to accept the associated risks. It is advisable to conduct thorough research, understand the company's fundamentals, and carefully consider your risk tolerance before investing in meme stocks.

      As always, diversification and a long-term

      04-20
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