Ras

Not a financial advisor. Just someone studying the market one chart at a time. Space, AI & long-term conviction. $IREN $NBIS $ASTS $HIMS $ONDS $AAOI

[Ras @RasInvests]

@Han_Akamatsu Agreed and thanks for your guidance so far. My only worry is that this will invalidate the current wave 4 structure if it deeps below the $165. What's best to do if that happens?

[Ras @RasInvests]

@chinoalemano Yes. July was a tough month but holding strong all my shares. Added some long dated Leaps too!

Still $IREN is by far my largest holding and has been the last 2 years. However, I am not happy with the management these past few weeks. Are you also still invested in $IREN ?

[Ras @RasInvests]

@SteveUrkelDude Does he need any support from Europe? Please tell him to count me in 😆

[Ras @RasInvests]

@SteveUrkelDude Man, we are related! 😂

[Ras @RasInvests]

Wow! July was the worst monthly performance in history for high beta US stocks. I am not alone then 🤣

[Hedgeye @Hedgeye]

Goldman's high beta momentum basket on track for worst monthly performance in history, worse than 2000 and 2009

[Ras @RasInvests]

@retail_mourinho And unfortunately $SPY is still close to all time high. Imagine if it sniffs a bit 😩

[Wayne Liang @wliang]

We're set up for an insane parlay...

> U.S-Iran war de-escalating

> $AMZN, $META, and $MSFT all likely to increase capex, following $GOOGL

> Citi predicting a dovish FOMC outcome

All green lights for AI infra to keep running.

Violent leg up incoming?

[Ras @RasInvests]

Aha! If this $NVDA news in financing OpenAI for a huge data center in Ohio marerilized, what does this mean to $IREN ? 😀

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Nvidia is in talks with OpenAI to guarantee $250 billion in financing for a data center in Ohio.

Details include:

1. The guarantees from Nvidia would help OpenAI lease a 10GW project that SoftBank is developing in Ohio

2. In total, the project could cost more than $500 billion, the largest data center project ever announced

3. The power for the project is controlled by the US government and funded separately by Japan under a recent trade deal

4. Commerce Secretary Lutnick is reportedly involved in deciding who will get the power

The data center buildout just hit a whole new level.

[Ras @RasInvests]

@SteveUrkelDude Man, it seems i am influenced by your posts a lot ☺️ Exactly what I did a few months ago 🤣

[Ras @RasInvests]

@Dr_Crossroads Man, I like this 🍔

[Ras @RasInvests]

@retail_mourinho I just asked @grok and this is the quote response siting their published earnings call: “So on the JV piece, the conversations are going really well and we’re progressing rapidly towards the long-form agreement. We should have an update for you shortly on that.”

[Ras @RasInvests]

@retail_mourinho 100%

[Ras @RasInvests]

@moninvestor Can't agree more. The $IREN thesis gets more clearer in their update yesterday than anytime before.

[Ras @RasInvests]

@retail_mourinho Same here 🤗

[Ras @RasInvests]

@Han_Akamatsu would be glad to hear your opinion on this, thanks!

[Ras @RasInvests]

$IREN just played out a textbook technical setup. 😍

The recent growth stock selling pressure forced a big pullback, but it landed exactly where smart money was waiting: the 0.618 Fibonacci retracement level (~ $32).

Why this specific level matters:
1) It’s the exact same floor that saved the market during the December dip.
2) It’s the exact same springboard that marked the March market bottom .

Last week, buyers defended this historic floor perfectly at $32. Today, a massive enterprise partnership dropped, sparking a huge rally back to $40.

In addition, the daily RSI flashed a clear bullish divergence, showing momentum was resetting and shifting upwards even while price tested the lows last week.

In my view, the retest is complete and momentum has shifted. Next major overhead resistance to watch is around $45, where the heavy 50-weekly Moving Average (SMA) sits.

Not financial advice!

[Ras @RasInvests]

@jiahanjimliu This is an excellent write up, which is easy to follow for anyone interested in $IREN . Thanks a lot, Jim!