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![Buying on Dips is never wrong](https://ussnsimg.moomoo.com/1638206041311-103118352-android-org.png/thumb)
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$BABA-SW (09988.HK)$ my pant just drops as the share price drops! this is so embarrassing! haha
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The company's IPO price is 2,150 rupees per share, and the total amount of funds raised reaches 2.5 billion US dollars. It is India's largest IPO this year. Sovereign wealth funds such as BlackRock, the Canadian Pension Plan Investment Board (CPPIB) and Singapore are all anchor investors in this offering. Macquarie Capital Securities (India) Co., Ltd. gave the company an initial rating of "underperform" and a target stock price of Rs 1,200, which means that the company's share price will fall by more than 40% from the issue price. Macquarie analysts Suresh Ganapathy and Param Subramanian wrote in a report before the start of the transaction: "We believe that Paytm's business model lacks focus and direction. Unless Paytm lends, it is impossible to make a lot of money just as a distributor. . Therefore, we doubt whether it can achieve scale while making profits.” It is reported that Alibaba is its shareholder and is seeking to sell shares worth 7.85 billion rupees in paytm's Indian IPO.
$Blackrock (BLK.US)$ $Alibaba (BABA.US)$
$Blackrock (BLK.US)$ $Alibaba (BABA.US)$
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$Amazon (AMZN.US)$ Goldman Sachs named as its top stock pick for 2022 in the Internet space, The Street reports.
Goldman analysts led by Eric Sheridan see Amazon as their top pick for 2022, assigning a Buy rating and a $4,100 price target, implying a 15.8% upside on November 16 closing price of $3,540.70. They view this recent earnings report as fully reflective of investor concerns on revenue and profitability into 2022.
Amazon has broader secular growth themes, including e-commerce, advertising, cloud computing, media consumption, and consumer subscription adoption.Goldman suggests investors should bet on Amazon despite rising wages and other hurdles rendering the e-commerce business more expensive, CNBC reports. It says that Amazon has already priced in the surging labor costs.
$Uber Technologies (UBER.US)$ , $Lyft Inc (LYFT.US)$ , $Snap Inc (SNAP.US)$ and $Meta Platforms (FB.US)$ also feature on the list of its top picks.Goldman says, "the most compelling buying opportunities in our ridesharing coverage (Uber/Lyft), as elements of recovery and increased profitability, take hold into 2022.
Goldman adds Snap and Meta-Facebook "as mean reversion plays, as disappointing third-quarter 2021 revenues and forward commentary now sets. Both companies [will go] up as 'normalization' plays into 2022."
In a look back at the Q3 earnings season for the Americas Internet group earlier, Sheridan highlighted what he sees as "a few key themes," including digital advertising excluding $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ proving to show the highest single stock volatility; streaming media players $Netflix (NFLX.US)$ and $Spotify Technology (SPOT.US)$ emerging from a period of sustained stock underperformance to surprise to the upside; e-commerce trends remaining volatile; and online travel and ridesharing re-opening companies having "broadly painted a picture of improved recovery."
Goldman analysts led by Eric Sheridan see Amazon as their top pick for 2022, assigning a Buy rating and a $4,100 price target, implying a 15.8% upside on November 16 closing price of $3,540.70. They view this recent earnings report as fully reflective of investor concerns on revenue and profitability into 2022.
Amazon has broader secular growth themes, including e-commerce, advertising, cloud computing, media consumption, and consumer subscription adoption.Goldman suggests investors should bet on Amazon despite rising wages and other hurdles rendering the e-commerce business more expensive, CNBC reports. It says that Amazon has already priced in the surging labor costs.
$Uber Technologies (UBER.US)$ , $Lyft Inc (LYFT.US)$ , $Snap Inc (SNAP.US)$ and $Meta Platforms (FB.US)$ also feature on the list of its top picks.Goldman says, "the most compelling buying opportunities in our ridesharing coverage (Uber/Lyft), as elements of recovery and increased profitability, take hold into 2022.
Goldman adds Snap and Meta-Facebook "as mean reversion plays, as disappointing third-quarter 2021 revenues and forward commentary now sets. Both companies [will go] up as 'normalization' plays into 2022."
In a look back at the Q3 earnings season for the Americas Internet group earlier, Sheridan highlighted what he sees as "a few key themes," including digital advertising excluding $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ proving to show the highest single stock volatility; streaming media players $Netflix (NFLX.US)$ and $Spotify Technology (SPOT.US)$ emerging from a period of sustained stock underperformance to surprise to the upside; e-commerce trends remaining volatile; and online travel and ridesharing re-opening companies having "broadly painted a picture of improved recovery."
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Stock Scalpers
The Ascending Triangle
What is an Ascending Triangle formation?
Like many of the patterns we have explored, the ascending triangle is often regarded as a continuation pattern. The formation shows a period of consolidation before a breakout.
This pattern is created when the following occur:
1) Price action allows for a horizontal trend line to be drawn attaching at LEAST two highs.
2) A trend line can be drawn along at LEAST two lows
Traders watch for breakouts along the upside of the ascending triangle because the breakout generally occurs in the direction of the trend.
What is an Ascending Triangle actually telling us?
The buyers are still in control. The price continues to return to the previous high. More important is the continuation of the higher lows. This shows seller enthusiasm waning and buyers regaining the upper hand.
Trading with the Ascending Triangle
- Most traders use an upside breakout of an ascending triangle as a signal to go long and a downside breakout as the signal to short.
- A stop-loss can be set just under the trend line after a breakout if going long and just above the bottom trendline if short.
- Target price can be established by adding(or subtracting if short) the max height of the triangle to the breakout.
- The angle of the triangle is critical. The steeper the angle the more abrupt the breakout can occur.
$Pioneer Power Solutions (PPSI.US)$ $VIZIO (VZIO.US)$ $Babcock & Wilcox Enterprises (BW.US)$ $Roots Corp (ROOT.CA)$ $Fossil Group (FOSL.US)$ $Bitcoin (BTC.CC)$
© Stock Scalpers
Virginia Beach, Virginia
The Ascending Triangle
What is an Ascending Triangle formation?
Like many of the patterns we have explored, the ascending triangle is often regarded as a continuation pattern. The formation shows a period of consolidation before a breakout.
This pattern is created when the following occur:
1) Price action allows for a horizontal trend line to be drawn attaching at LEAST two highs.
2) A trend line can be drawn along at LEAST two lows
Traders watch for breakouts along the upside of the ascending triangle because the breakout generally occurs in the direction of the trend.
What is an Ascending Triangle actually telling us?
The buyers are still in control. The price continues to return to the previous high. More important is the continuation of the higher lows. This shows seller enthusiasm waning and buyers regaining the upper hand.
Trading with the Ascending Triangle
- Most traders use an upside breakout of an ascending triangle as a signal to go long and a downside breakout as the signal to short.
- A stop-loss can be set just under the trend line after a breakout if going long and just above the bottom trendline if short.
- Target price can be established by adding(or subtracting if short) the max height of the triangle to the breakout.
- The angle of the triangle is critical. The steeper the angle the more abrupt the breakout can occur.
$Pioneer Power Solutions (PPSI.US)$ $VIZIO (VZIO.US)$ $Babcock & Wilcox Enterprises (BW.US)$ $Roots Corp (ROOT.CA)$ $Fossil Group (FOSL.US)$ $Bitcoin (BTC.CC)$
© Stock Scalpers
Virginia Beach, Virginia
![Ascending Triangle Tactics](https://ussnsimg.moomoo.com/1636647050646-70058762-android-org.jpg/thumb)
![Ascending Triangle Tactics](https://ussnsimg.moomoo.com/1636647050701-70058762-android-org.jpg/thumb)
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