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102480971 Private ID: 102480971
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    $NVIDIA(NVDA.US)$ The shares of Nvidia have received a $350 price target from Cowen. And Cowen analyst Matthew Ramsay assigned the company an “Outperform” rating on the shares.
    Ramsay expects Nvidia to potentially generate $140 billion in sales and $28 per share EPS by C2030. Ramsay expects a significant runway for growth across 4 key businesses, which include Datacenter, Gaming, Professional Visualization, and Automotive.
    $NASDAQ 100 Index(.NDX.US)$ $Invesco QQQ Trust(QQQ.US)$
    With the current volatile markets, what should you be expecting next week? There have been people calling for santa rally and also some who are calling for a correction. Sometimes technical analysis can let us know where the market might head towards.
    QQQ has formed the Head & Shoulders last week as I mentioned on 30th Nov if we do not close above the previous day close and instead head down, we will be looking to form a H&S pattern. True enough on tuesday 29th nov, the market closed lower forming the right shoulder as seen on my chart. On wednesday it broke the neckline and retested it on thursday and friday which both failed to break above. You can see from the chart below.
    This has confirmed the head & shoulders pattern and we should be looking at more downside to the NDX/QQQ. On friday close, QQQ has retested the 383 critical support which was the previous all time high and rested above on close. But if the H&S pattern was valid, this critical support should not hold as H&S is usually a reversal of trend and we should be looking at a deeper scale pullback rather than just a 6% fall from the all time high. There is still a gap below at 360s which we created on the recent rally and that might likely get filled this time round.
    However, technical analysis is only to assist you on the support and resistance and also to likely know where the market is heading towards. Any major catalyst can change the market direction without any regard to the current technicals. Thus we still have to look forward to the week ahead and take note of the support and resistance levels to see a clearer picture where the market is likely headed towards.
    On Weekly chart which is macro view of QQQ, we can see that we have barely touched the 20SMA and there is a lot more room to the downside at the bottom of the bollinger band at 350 levels.
    Ultimately the market has barely had any huge corrections this year despite the huge gains and it will not be surprising to see a 15% - 20% correction on the QQQ before we push any further. It is best to stay defensive at this moment as VIX is above the 26 levels. But as the macro trend is still bullish. You have to stay nimble as if a reversal is to come, it will come quickly and that would be your signal to enter for the next rally.
    As always, trade safe & invest wise!
    NDX/QQQ Outlook
    NDX/QQQ Outlook
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    $Alibaba(BABA.US)$ lower my average cost all the way! I have faith in Alibaba! do you?
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    $Microsoft(MSFT.US)$ This refers to a company that has an economic “moat” or an advantage a company has over its competitors which allows it to protect its market share and profitability. Usually you’ll have to pay a premium for these companies due to their security. I’ll go first, my moat is MSFT.
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    $Microsoft(MSFT.US)$ $Amazon(AMZN.US)$ If you are a first time investor, especially a young investor, it is very easy to fall in the trap of buying the stock that your friend, relative, or a stranger on internet recommended. Just because someone made 1000% gains on something doesn't mean you are going to make that.
    Remember, that the faster any asset climbs up the faster it comes down like a house of cards. If it had no resistance going up, there is no support going down and when such stocks crack, they fall through the roof in a matter of hours, not even days.
    Pick up a book and learn the basics of Finance. Fundamentals will help you get a handle of how to start valuing a company. While Technical charts play a role in short to medium term movements of the stock, long term is always going to be based on Fundamentals.
    Needless to say, if you are investing in Crpto be extremely conservative. 10% of your portfolio is too much. Anything more than that, and you lose your hard earned savings very quickly if things go south.
    I understand there is a Euphoria when you make quick money, but derivatives like Futures and Options are sure shot way of getting screwed if you don't know what you are doing. Everyone has an itch to make a lot of money in a short period of time, but trust me, losing your original investment is one the worst feeling you can ever have if you earned that money by working hard.
    If you don't know anything at all about investing and want to start putting some money into an investment account, buy a broad market based ETF like SPY or QQQ on a regular basis. Think $100-$200-$500/month. Time in the market is always going to beat timing the market.
    Lastly, as Warren Buffett said - Rule 1: Never lose money and Rule 2: Never forget Rule 1.
    TL;DR: Don't invest blindly in Stocks that some friend/stranger recommended you. Efforts to make money quickly on Stocks, Crpto, or Derivatives (Futures and Options) without understanding the fundamentals and risks, will make you lose your hard earned money and your shirt. If you don't know anything about investing, buy broad market based ETF like SPY and QQQ on a regular basis.
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    102480971 reacted to
    $Alibaba(BABA.US)$
    we have broken the lows of 138.4. Now will wait tomorrow morning and I will see where it closes out. If I do or end up not making a buy decision, I will update it here tomorrow after I see the price action.
    As always, trade safe & invest wise!
    $Alibaba(BABA.US)$ to the bottom channel, i will support at 130
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    $Taiwan Semiconductor(TSM.US)$ TSMC ($TSM). They have the most advanced semiconductors and are rapidly expanding to maintain their lead over intel and Samsung. The only real bear case for them is an invasion from China.
    $ASML Holding(ASML.US)$ ASML makes the most advanced photolithography equipment used by TSMC and others to manufacture chips. ASML and TSMC both have the best tech in their respective areas. However I think ASML has already been priced in more than TSM
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