NoFOMO_

NoFOMO_

Head and Shoulders almost confirmed. If we lose that 0.382 Fibonacci support I think this will drop quite bad. Not a fan of any stock largely owned by a bank looking to ramp up valuation to unload onto retail. Not financial advice, do what’s best for you.

NoFOMO_

I shorted Estee Lauder and closed my short today at $73. We have just hit support at $65 at an important Monthly level of support. Time for me to accumulate a long position with the proceeds of my short. Not financial advice, do what's best for you. Refer to my previous trades on this stock to see why I think the final capitulation wave is in.

NoFOMO_ Updated 

Estée Lauder looks very bearish. It’s lost the $100 key psychological level. Now we appear to be in the final 5th wave. We could easily drop another 20% here. It wouldn’t be a bad place to start a dca plan if you like the name. Personally I’m not looking to catch the falling knife and will keep my short position from $140. I’ll close out of it if we manage to...

NoFOMO_

HIMS is a major player in the compounded semaglutide space. It spent hundreds of millions to promote their offering in the weight loss space, making use of the shortage in Ozempic and other GLP1s in recent months. The company's offerings include semaglutide-based injections, marketed as containing the same active ingredient as popular brands like Ozempic and...

NoFOMO_

Technical: A classic 5 wave pattern down, a large head and shoulders pattern confirmed the massive drop. Price is now stabilizing, we could be in the final stages of Wave 5. Each wave down was a short trade at the 0.5 and 0.618 Fib retracement. It's been a brutal 76% crash since the top. I would like to see a change in market structure as this has been a...

NoFOMO_ Updated 

We ended the fifth impulsive wave a lot higher and the ongoing collapse is nowhere near ending. The bull market is well and truly over for SMCI. Trade the charts, not the news. I did bring this to your attention 3 weeks before the news of potential accounting fraud became apparent. I did warn bag holders not to buy the dip - look my related post. Instead I got...

NoFOMO_ Updated 

Be very careful buying the dip on SMCI, there is literally not floor underneath. There is hardly any support beyond where it’s sitting at the moment. If it fails to bounce here we are talking a drop to the $300 level. The trend is your friend, I’m afraid that remains to the downside. Do what’s best for you. This is not financial advice, just my thoughts.

NoFOMO_

Interesting stock, the high growth that propelled it to a 600% plus gain is slowing down. Management claim it’s due to seasonal pressure, not sure if I can believe there’s a season for organ donors but now I know there is! We’ve since had a 50% haircut in the last month. It’s going to be a turbulent 2-3 months for this stock as they try to maintain growth whilst...

NoFOMO_

Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump,...

NoFOMO_

Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump,...

NoFOMO_

Evolution AB, a Swedish gaming company specializing in online casino and live dealer games, has seen substantial growth in recent years, fueled by increasing demand for digital gaming experiences and its reputation as a leader in live casino solutions. Technical analysis: The stock has been in an extremely strong uptrend and during the Covid stimulus period we...

NoFOMO_

Catching a falling knife is a dangerous method of trading. More often than not it results in further losses, Capri is in a very strong downtrend but this could present an opportunity of a dead cat bounce trade or for value investors confident in the come back if Versace, Michael Kors and Jimmy Choo brands. From what I understand these brands have fallen out of...

NoFOMO_

Technical analysis: Bull thesis Inverse head and shoulders pattern Higher highs and higher lows on RSI Support found at the 0.25 Fib Speed Fan Stock price down 87%, deep value for a rebound 3-4x potential for patient investors Bear thesis Deceleration in last earnings report, next earnings report will shed further insight into the financials. Local uptrend...

NoFOMO_ Updated 

Rising wedge was always going to break down. This company has high exposure to the Chinese consumer, which continues to struggle with no end in sight. That is reflected in the stock price of companies like Alibaba which trade at very low valuations. But unlike Alibaba, PDD is a hyper growth stock and has taken a lot of their market share. Looking at the...

NoFOMO_ Updated 

AEHR test systems is a highly volatile stock to trade. It can provide some excellent returns in the event we continue to this upwards move in the stock market. I believe AEHR is in a bottoming structure, we ended the 5th wave and now in a period of sideways consolidation. Preparing for a volatile move to the upside. Within this period of sideways consolidation,...

NoFOMO_

Technical Analysis: Inverse head and shoulders sent this luxury brand conglomerate to the post Covid bull market highs. But we are in the midst of a rapid decline, with over a 70% drop in stock value. I expect us to start finding support at the key horizontal levels as Kering aims to implement cost cutting measures to slow the sinking ship. This should bring...

NoFOMO_

Technical Analysis: Inverse head and shoulders sent this luxury brand conglomerate to the post Covid bull market highs. But we are in the midst of a rapid decline, with over a 70% drop in stock value. I expect us to start finding support at the key horizontal levels as Kering aims to implement cost cutting measures to slow the sinking ship. This should bring...

NoFOMO_ Updated 

As the issues in the Middle East continue to deteriorate, it is prudent to look at opportunities in the market in the event of further escalation and rising oil prices. Technical Analysis Inverse Head and Shoulders pattern which suggests a possible upside of $200 in the event that oil reaches over $125 per barrel. We appear to have finished Wave 5 of the...