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 $Coinbase Global, Inc.(COIN)$
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 $Occidental(OXY)$
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 $Sea Ltd(SE)$
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.
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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.