Microsoft (MSFT): Can Earnings Sustain the Trend Channel?With Microsoft set to report earnings, investors are keenly watching updates on AI-related spending, especially growth within Azure and Copilot, as well as broader financials. A significant focus will be on capital expenditures (Capex) for generative AI initiatives, expected to rise from $9.92 billion a year ago to an estimated $14.74 billion in this recent quarter. Beyond revenue and earnings, the market is waiting to see how these hefty investments are shaping the company’s growth trajectory.
Technically, NASDAQ:MSFT continues to test the lower bound of its trend channel—a level that may weaken with repeated retests. The stock’s reaction to earnings will reveal if this support can hold. The formation suggests a potential head and shoulders pattern, particularly if NASDAQ:MSFT dips below the neckline support at $388 with declining volume.
For now, we’re maintaining our cautious outlook. If Microsoft fails to hold its key support levels, it may confirm the bearish trend we’ve been observing. As always, we’ll provide updates if any significant developments occur after the earnings report.
Investment
Should You Invest in EuroSports Global Ltd (SGX: 5G1)?In Singapore, the electric bicycle market is experiencing significant growth. Revenue is projected to reach USD 77.65 million in 2024, with an anticipated annual growth rate (CAGR) of 3.88% from 2024 to 2029, culminating in a market volume of USD 93.95 million by 2029.
This upward trend reflects a strong consumer shift towards eco-friendly transportation alternatives.
This growth is driven by Singapore’s commitment to sustainable transportation, making it easier than ever to adopt cleaner, greener travel across the city.
EuroSports Global Ltd. (SGX: 5G1) is at the forefront of this revolution through Scorpio Electric. The flagship Scorpio Electric X1, the first ever home-grown electric bike in Singapore, is currently undergoing public road testing, following the special approval of a Special Purpose License from the Land Transport Authority in July 2024.
With advanced connectivity, from phone-to-bike integration to customisable energy regeneration, the X1 offers a personalised electric motorcycle experience unlike any other.
Yet, despite such progress and innovation, EuroSports Global’s share price remains undervalued. Analysts believe that with its pioneering role in the electric vehicle market and a strong growth trajectory, the company is positioned for significant upside.
For investors who have zero position in the company, perhaps this is a good opportunity to invest in them as the market has clearly yet to reflect their true value.
Selling Pressure is Over: Ryde Group Ltd. (NYSE: RYDE)Our analysis indicates that the recent selling pressure on Ryde Group Ltd. (NYSE: RYDE) appears to have stabilised. This could signal a potential trend reversal, as evidenced by a flattening Relative Strength Index (RSI), suggesting diminished bearish momentum. Additionally, the Moving Average Convergence Divergence (MACD) is approaching a potential golden cross, further supporting the likelihood of a bullish shift.
If RYDE’s share price holds steady within the $0.600 - $0.620 range, we anticipate a possible rebound towards the resistance levels at $0.650 - $0.700. A successful breach of these levels could close the gap from previous price movements, marking a significant step in the stock’s recovery trajectory.
Technical Review - EuroSports Global Ltd (SGX: 5G1)Our proprietary indicator had spotted a significant uptick in interest in SGX: 5G1 over the past few trading days, with its share price once breached the key resistance level of $0.200. Based on the fund flow indicator (as represented by the red bar), there is collection activities ongoing for 5G1 currently.
We remain positive on the upcoming price movement of 5G1 with our short term TP being set at $0.300, which is the previous high level for the company, while supported strongly by the EMA20/50 levels at the current price, $0.175.
ROBINHOOD TO $70?! Let's break it down.NASDAQ:HOOD TO $70?! Let's break it down.
5 REASONS WHY:
1⃣ 4/5 ON THE "High Five Setup" trade strategy
2⃣ Strong fundamentals and AMAZING Sentiment
3⃣ The forming of a CUP N HANDLE pattern. Measure Move: $70
4⃣ Growth Beast! Newer generations are on board!
5⃣ Continue to grow their products and offer great deals for people to switch. Like the HOOD week, which had up to 3% match. They got me to move because the deal was too good to pass up!
Stay tuned for more!🔔
Like ❤️ Follow 🤳 Share 🔂
When does NASDAQ:HOOD get to $70 per share?! Drop a comment below.
Not financial advice.
#tradingstrategy #TradingTips
Ryde Group Limited: A Look at Singapore’s Super Mobility AppRyde Group Limited (NASDAQ: RYDE) , a Singaporean tech company founded in 2014, has set its sights on becoming a “super mobility app,” integrating ride-hailing, carpooling, and parcel delivery under one platform. It aims to simplify urban transportation and logistics, catering to both individual users and businesses.
Ryde’s business operates in two key segments.
First, the mobility services segment, which started with carpooling and later expanded to ride-hailing options like RydeX, RydeXL, and RydeLUXE. This segment also includes tailored services like RydeFLASH for fast rides and RydePET for pet transport, demonstrating the company’s flexibility in meeting diverse user needs.
The second segment is quick commerce, which focuses on parcel delivery through RydeSEND, catering to e-commerce and F&B businesses. The acquisition of Meili Technologies Pte. Ltd. in early 2023 boosted Ryde’s capabilities in this space.
The market potential for Ryde is strong. Singapore’s mobility market, expected to grow at a CAGR of 26.7% and reach USD 6 billion by 2027, offers a significant opportunity. Likewise, the quick commerce sector is projected to grow from USD 6.4 billion in 2022 to USD 13.5 billion by 2027, driven by digital adoption and convenience-focused consumer behaviour. Ryde’s approach of integrating these services positions it well for growth.
Financially, Ryde has shown promising revenue growth, increasing from S$6.2 million in 2021 to S$8.8 million in 2022, with further growth in the first half of 2023 to S$5.2 million. However, profitability remains elusive, with net losses widening from S$1.2 million in 2021 to S$5 million in 2022, continuing into 2023 with a S$4 million loss in the first half.
These losses are primarily due to increased spending on incentives, tech development, and expansion efforts. The balance sheet shows a need for more capital, with liabilities reaching S$12.9 million by mid-2023 and limited cash reserves of S$2.3 million.
Ryde’s strategic plans include diversifying services and improving user experience. The acquisition of Meili reflects its ambitions for growth, and future strategies may involve more partnerships, joint ventures, or acquisitions. While its vision aligns well with market trends, achieving profitability will require disciplined cost management, and strong user engagement.
In summary, Ryde offers exciting growth potential as it seeks to redefine urban transportation and logistics. It has the ingredients to become a strong player in Southeast Asia, but success will depend on its ability to execute strategically while managing costs and securing sufficient capital to support its expansion plans.
NASDAQ: HTCR | Epic Profitability and Growth to Come ?!HeartCore Enterprises, Inc. (NASDAQ: HTCR) , a leading enterprise software and data consulting company based in Tokyo, is driving significant growth by transitioning to multi-year CMS licensing agreements.
In a strategic shift, HTCR is moving from annual contracts to longer-term agreements, providing clients with extensive support and a robust CMS infrastructure. This change not only benefits customers but also ensures HTCR sustained profitability with recurring revenue streams.
Impressively, HTCR’s Q3 2024 preliminary results show a remarkable increase, with revenue expected between $17 to $19 million, up over 263% from last year. Net income is set to reach $9 to $11 million, a strong turnaround from a $2.5 million loss in Q3 2023.
A key contributor to this growth is the Go IPO business. HTCR reported $12 to $14 million in revenues from warrants issued by its client, SBC Medical Group Holdings. With three more IPOs slated for completion soon, HTCR anticipates further growth in this segment.
HeartCore is also making waves in digital transformation. A new partnership with NTT Data Business Brains will leverage HTCR’s advanced CMS to enhance interactive and user-centric web experiences in Japan.
In a recent press release, the CEO of the company highlighted - with multi-year contracts, HTCR is expected introduce a predictable revenue stream, boosting our profitability. We are excited about the opportunities this brings, and we remain committed to delivering exceptional results in the quarters ahead.
With these interesting developments, it is no wonder why there is significant fund inflow into HTCR’s shares. Analysts from LightHouse Research has also given a BUY rating for the company.
3M (MMM): Building a Bullish Case Despite HeadwindsWith 3M's earnings yesterday, it’s the perfect moment to analyze the stock and assess the upcoming opportunities. The company is expected to have benefited from its restructuring actions, such as headcount reduction, likely lowering costs and improving margins this quarter. Its disciplined spending and restructuring savings could also boost profitability.
Despite these positive factors, challenges in 3M’s packaging and expression, along with home and auto care divisions, may drag down its performance. Lower consumer retail spending on durable goods is expected to impact its Consumer segment's results.
From a technical standpoint, 3M’s surge from the support zone recently was strong enough to shift the weekly trend from bearish to bullish. Such a structural change on the weekly chart is significant, as it's not common to see such a clean trend reversal. However, as often happens with sharp upward movements, we are now seeing a bearish divergence on the RSI. This divergence doesn’t mean a pullback is imminent but suggests that one could happen eventually.
Looking at the daily chart, there may be potential for 3M to move higher if wave 1 isn’t complete. Even if earnings were positive, we should still witness a pullback. We are looking to build a position by layering bids at key levels. Our first target entry is the gap high, followed by the gap low, which aligns with the 50% Fibonacci level. If the price continues to drop, we’ll continue adding bids down to the 78.6% Fibonacci retracement level. Our stop loss will be set below wave (2) to safeguard the trade. A break below this level would invalidate the bullish outlook and could result in a drop to $56, though this scenario seems less probable for the near future.
Harju Elekter (HAE1T): Insight from My Recent Radio TalkHi,
I spoke this morning on the local Äripäev radio in Estonia about stocks, and we discussed Harju Elekter as well. Here is the chart, and here is the zone I mentioned - just to provide a visual.
..and here is the idea post from 2020 as told on the radio as well:
Regards,
Vaido
2025 Bright Outlook for Malaysia's Renewable FutureThe Malaysian Budget 2025 has set the stage for significant growth in the renewable energy sector, particularly solar power. With a renewed commitment to transitioning towards clean energy, the government has extended several key initiatives that support the development of solar energy solutions across the country.
This includes the continuation of the Green Technology Financing Scheme (GTFS) with a substantial funding amount of RM1 billion up to the year 2026, which is intended to foster a thriving renewable energy sector in Malaysia.
Additionally, Budget 2025 allocates over RM300 million under the National Energy Transition Fund (NETR), which represents a significant increase from the RM100 million allocated previously. This boost is intended to solidify Malaysia's position as a leader in renewable energy and accelerate the country's energy landscape transformation.
The demand for solar energy continues to grow, driven by the extension of the net energy metering (NEM) program until June 2025. This extension is a critical measure to encourage clean energy adoption among residential and industrial users, further propelling the nation's shift towards renewable power sources.
The government is also providing e-rebates of up to RM70 million to promote the adoption of energy-efficient electrical equipment, which will not only reduce energy consumption but also incentivize businesses and individuals to transition to more sustainable energy solutions.
These initiatives create opportunities for various players in the solar energy field, particularly smaller companies that are well-positioned to leverage the increasing adoption of renewable technologies. For example, Agape ATP Corporation (ATPC), listed on the Nasdaq, is among the smaller players that could benefit from this positive policy environment.
Recently, Agape ATP Corporation's subsidiary, ATPC Green Energy Sdn Bhd, has teamed up with Phoenix Green Energy Sdn Bhd to accelerate the development and commercialisation of cutting-edge solar power solutions in Malaysia. This partnership focuses on developing amorphous thin-film solar panels and related technologies to support diverse applications, particularly in power production, thereby contributing to Malaysia's transition to sustainable energy.
Additionally, Agape ATP Corporation, through ATPC Green Energy, has entered into a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd to develop solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries.
This collaboration aims to support the ASEAN region's efforts towards a zero-carbon energy future, further solidifying Agape ATP's role in the renewable energy sector and positioning them to make significant contributions to the regional solar market transformation.
Will Euraud seek bearish momentum ?Hello ligand traders ! I hope you are doing good. Today I will talk about the possible EURAUD trade.
As you can see , EURAUD is making complex movements . But overall the trend is very bearish according to my bias . Here this market broke recent low around 1.62000 and retested the higher highs which is a classic bearish outlook .
Moreover you can see that it created double top formation in the upper side of the border . This point is 1.62669. So ligand thinks that EURAUD will soon move down to its local channel .
The target of our EURAUD is 1.60283 level which is marked in this chart . Trade carefully and stay with ligand .
PayPal (PYPL): Elliott Wave update - final target in sightSince our entry in PayPal, the stock has performed exceptionally well, respecting the Elliott wave structure and currently providing us with a return of over 35%. This price action demonstrates how effectively PayPal follows the Elliott wave count, reinforcing our bullish outlook.
We have now set our stop loss at break even, allowing us to safeguard our gains while continuing to benefit from potential upward movement. During the recent wave (4), we chose not to enter, but it's important to note that the price respected the 38.2% Fibonacci retracement level precisely, indicating a strong likelihood that similar levels will be respected in future corrections.
PayPal is currently advancing through wave (5), and we anticipate this wave to conclude soon. Our target for the larger wave (iii) stands at $81, with wave (5) potentially reaching up to $84. However, there is a possibility that wave (5) may conclude before reaching the wave (iii) target. Therefore, we will closely monitor the situation, keeping our alerts ready to react as needed.
Once PayPal moves into the $81 target area, we will look to secure additional profits. Should the price action align with our projections, we will consider re-entering at wave (iv) for further opportunities. Until then, we let our position continue running.
Strong Fund Flow Observed - HeartCore Enterprise Inc.Daily Chart of HeartCore Enterprise Inc. (BUY)
Following the robust guidance from HTCR projecting revenue growth between $17 million and $19 million, alongside a significant increase in net income to between $9 million and $11 million, a notable inflow of funds was observed last Friday. This projected growth—representing increases of approximately 263% in revenue and 305% in net income—has captured investor attention, driven largely by HTCR's strong performance in its software business in Japan and its "Go IPO" initiative, which features around 12 companies poised for public offerings.
From a technical analysis perspective, HTCR has successfully broken through key resistance levels at $0.98 and $1.00, with the $1.00 level now serving as a support. A golden cross was also observed on the 20/50 moving averages, indicating a bullish trend, which is further corroborated by the strong fund inflows represented by red and pink bars on the chart. Given these promising developments, we maintain a BUY rating on HTCR.
The Untapped Potential of Electric Vehicle (EV) in SingaporeSingapore is poised to lead South-east Asia's electric vehicle (EV) revolution, with a projection that by 2040, 80% of all passenger vehicles in the country will be electric.
This makes Singapore the standout market in the region, with a significantly higher adoption rate compared to its neighbours, where the regional average is expected to reach just 24%. Thailand and Vietnam are forecast to trail behind at 41% and 31% respectively, highlighting Singapore’s robust position in the green mobility sector.
Singapore’s adoption of EVs is already outpacing other nations in the region. By 2023, EVs made up 19% of total vehicle sales in the country, the highest in South-east Asia. Notably, in the first seven months of 2024, EVs represented 32.1% of new car registrations, showcasing strong growth momentum.
Singapore’s lead is further underpinned by a dense charging network, with one public charging station for every three EVs—far ahead of Thailand's ratio of one charger for every 16 EVs and Malaysia's one for every 38.
The rapid growth of the EV market in Singapore is supported by government initiatives aimed at promoting electric mobility and a greener future. The Electric Vehicles Charging Act, introduced in December 2023, has laid the regulatory groundwork for a reliable and accessible EV charging network. It ensures that all chargers adhere to Land Transport Authority (LTA) safety standards and introduces a new licensing regime for charging operators to maintain service standards and safety.
These efforts will facilitate the deployment of 60,000 EV charging points across Singapore by 2030, with 40,000 set for public car parks and 20,000 for private premises.
Additionally, the Certificate of Entitlement (COE) system in Singapore plays a significant role in accelerating EV adoption. By encouraging the turnover of vehicles every ten years, the system indirectly fosters the uptake of newer, greener technologies like electric vehicles. Coupled with policies aimed at ending the registration of new diesel-powered cars and taxis from 2025 onwards, Singapore’s path towards sustainable transport is clearly defined.
A key factor driving this EV expansion is the steady decline in battery prices. Batteries are the most expensive component of an electric vehicle, but BloombergNEF notes that battery prices have fallen by 90% from 2010 to 2023, and they are expected to drop further by 17% for every doubling of battery production. This trend is making EVs more price-competitive with traditional internal combustion engine vehicles, thus lowering barriers to entry for many prospective EV owners.
Looking at the broader South-east Asian context, the market for passenger EVs continues to expand, fuelled by supportive policies and the involvement of major Chinese automakers. In Thailand—the largest EV market in the region—EV sales quadrupled in 2023 to 86,383 units. Singapore, while smaller in absolute numbers, recorded 5,734 EV sales in the same year, reflecting a significant adoption rate relative to its population size.
Government strategies, such as mandatory EV charging provisions for new buildings and incentives like the EV Common Charger Grant for private residences, are further catalysing the growth of EV infrastructure in Singapore. By the end of 2023, approximately one-third of Housing and Development Board (HDB) car parks were fitted with EV charging points, with a target for all HDB towns to be EV-ready by 2025. The government is also working towards fostering a culture of responsible sharing of charging facilities as part of its broader aim of a seamless and accessible charging experience.
Against this backdrop, EuroSports Global Ltd (SGX: 5G1) is aggressively entering the market with the launch of the Scorpio X1 EV bike. With approval from the Land Transport Authority (LTA), this electric motorcycle aims to capture the growing demand for EVs in Singapore.
Given the country's favourable regulatory environment, expanding infrastructure, and consumers' increasing shift towards electric mobility, the Scorpio X1 could see significant growth in the coming years, marking a promising chapter for EuroSports Global Ltd in the electric mobility sector.
The content of the article originated from The Straits Time Singapore - Singapore will have largest share of passenger EVs in S-E Asia by 2024: Report.
ASML (ASML): Massive Sell-Off - What's next after the $50B loss?We are sure you’ve heard about ASML’s massive drop yesterday, erasing $50 billion in market value within hours following a technical error and the earnings report published a day earlier. ASML, Europe's most valuable tech company and a critical supplier to chipmakers, is now facing doubts—not about its long-term prospects but regarding short-term sales and whether it can continue to outperform the market in the long term.
As always, we’re not focused on intraday trades but are looking for bigger, high-risk-to-reward swing trade setups. To assess this, we’re turning to the Weekly chart to analyze ASML’s most important levels. Our most likely scenario at this point is that the All-Time High represents a wave B, after exactly respecting the 138% Fibonacci extension level. Coupled with the bearish divergence on the RSI, this pullback was expected.
While it's difficult to predict the exact point of reversal, we see $600 as a major psychological support level that could hold in the short term. To reverse the current downtrend, ASML must break above the resistance zone of $850–$895. However, as this is a potential wave ((ii)), even reaching the All-Time High is not out of the question. Merely reclaiming this resistance zone might not be enough to signal a trend change.
We’re keeping an eye on all major support zones, but the largest position we plan to open would be between $250 and $140. While this is still far off, and there will likely be opportunities along the way, this zone would provide the most textbook setup according to Elliott Wave Theory. The recent dip has also opened up more potential plays for the future.
Stay tuned as we monitor the situation for further developments! 🔥
HeartCore Partners with NTT Data Business BrainsExciting news from HeartCore Enterprises, Inc. (Nasdaq: HTCR)!
The Tokyo-based enterprise software and data consulting company has entered into a strategic partnership with NTT Data Business Brains Corporation, a subsidiary of the well-known NTT Data group. This collaboration is set to take NTT Data Business Brains’ website development services to the next level.
NTT Data Business Brains has built a strong reputation in Japan for constructing static websites, but with 84.9% of Japan's population using the internet and 78.1% engaged on social media, there's increasing demand for more interactive and user-centric online experiences.
That’s where HeartCore’s CMS platform comes in. By integrating HeartCore's advanced CMS, NTT Data Business Brains will be able to offer dynamic and engaging websites, packed with modern features that today’s users expect.
HeartCore’s CEO, Sumitaka Kanno, emphasized that this partnership is part of the company’s broader mission to help businesses modernize their digital presence. With this collaboration, HeartCore continues to expand its influence and reliability in Japan's rapidly evolving digital landscape.
BloomZ Inc. (NASDAQ: BLMZ) has been making some interesting moveNew Anime Project: BloomZ has been chosen as the main animation studio for the upcoming anime "Kakushite! Makina-san!", which is set to air in 2025. They've snagged some cool rights too, like international distribution and merch, which could really boost their revenue.
Partnerships in the Works: They're teaming up with CrossVision Inc. and sonilude Inc. to combine tech and sound expertise for their anime and VTuber projects. This means they’re bringing Web 3.0 tech and killer sound to their work—definitely something to watch.
Big Investment: They’ve also secured up to USD 30 million in investment from White Lion Capital, giving them a solid boost to fund future projects and growth.
What’s your thought on this company?
$SOFi soared 8 days straight, 15minOn Thursday, Oct 10 I purchased two NASDAQ:SOFI 15 NOV 24 9c @ $64 ($128 total).
ENTRY @ $8.72 (12:27pm, Thu, Oct 10) because I noticed NASDAQ:SOFI had been undergoing a temporary recovery to the upside.
EXITs @ $9.99 & $9.93
- 1 contract - Profit taking at 120% ($64 -> $141), Mon, Oct 14 @ 1:18pm
- 1 contract - 6% trailing stop triggered at 114% ($64 -> $137), Mon, Oct 14 @ 2:15pm
Total revenue: $278 || Profit: $150
This is a good point to grab profit because price is around the 0.214 fibonacci and there is a gap to fill to the bottom which increases the chances of the stop dropping below continuing its journey to the upside.
Technical Review - HeartCore Enterprise Inc. (14/10/2024)Upon breaking the key resistance of $0.80, a strong buying interest can be observed for HeartCore Enterprise Inc. (NASDAQ: HTCR). The money flow indicator (MCDX) also indicates strong institutional buying interest as shown in the red bar, with the current trailing price is trending well above EMA levels.
We expect a continuous uptrend for HTCR ahead to challenge key resistance level of $1.00 over the mid term, which is our next TP. We remain positive and rated the company a Trading BUY at its current level.