$SNDL- Weekly breakout in full effect. This play could be huge. Trading at 54% below NAV of its cash, strategic investments, credit portfolio, etc., This was the most volume we have seen on a weekly since '22 with the exception of September. It's definitely a name to keep your eye out for in the coming weeks. The medicinal marijuana industry appears to be taking a massive beating despite the sharp revenue increase we are seeing on a yearly basis.
Also, look at the massive volume profile that has been establishing on this name for years, I expect big things here.
$SNDL- Weekly breakout in full effect. This play could be huge. Trading at 54% below NAV of its cash, strategic investments, credit portfolio, etc., This was the most volume we have seen on a weekly since '22 with the exception of September. It's definitely a name to keep your eye out for in the coming weeks. The medicinal marijuana industry appears to be taking a massive beating despite the sharp revenue increase we are seeing on a yearly basis.
Also, look at the massive volume profile that has been establishing on this name for years, I expect big things here.
$GOOGL - Massive trendline break into the almost perfect re-test on the daily time frame. In my opinion, google may experience a rapid sell-off if this level can't hold. The chart has clearly turned bearish on this name, and I believe it may be in for a bigger regression than people may think.
Let me know your thoughts below.
$jd - Watching this name incredibly close going into the next week. Re-Testing a 10 month trendline at this level. This company is still incredibly undervalued and had a great earnings report. I expect a very nice pop here within the month / a potential LT reversal will be established here. Please keep your eye on this name moving forward.
$JD - Massive potential breakout occuring on the 4-HR time-frame. Ideally want to see a pullback occur at around $23.5 but have been adding to this position quite a bit in the past few weeks.
$BTC - Daily - I truly believe we will see tremendous growth out of Bitcoin within the year. We have very recently broken above the SMMA 200 on a daily timeframe. I expect to see a re-test to around $25,000 before the next leg up. #stocks#Crypto
I saw the $CRWD results and the guidance, they were good, just not sure why the stock is up +24% AH.
Seems like an overreaction for a stock now trading at 64x FY2025 FCF
What am I missing?
I’m also pretty sure half the FCF this year is getting chewed up by SBC.
Congrats to the longs. Just not sure what kind of upside is left in the short term.
$tsla - Weekly chart listed here. Things can get very ugly if we hold this channel breakout to the downsize. Obviously weekly charts take much longer to play out but please be cautious right now. Potentially looking at June / Dec Puts.
$AAPL - Holding onto a major trendline which has been intact since Dec '22. If Apple is unable to hold onto this key level, the short-mid term looks like it could be very rough. However, there is tons of volume from $170-$180 so there is a high chance of consolidating for some time before deciding what it wants to do.
I expect the trend line break to at least bring Apple down to $170/Sh. Lots of big make or break names in the market this week so I'm expecting heightened volatility, and a potential pop on $VIX.
Keep your eye on this name moving forward as there is lots of value in playing both sides.