Keep an eye on these recently announced & closed M&As: 👀
🟢 Recently Announced:
⇒ $Organon & Co (OGN.US)$ to acquire Dermavant
⇒ $Rafael Holdings (RFL.US)$ to acquire Cyclo Tx
⇒Crown Lab to acquire $Revance Therapeutics (RVNC.US)$
⇒ $Recursion Pharmaceuticals (RXRX.US)$ merger with Exscientia
🔴 Recently Closed:
⇒ $Johnson & Johnson (JNJ.US)$ acquired V-Wave
⇒ Pharmacosmos acquired $GTHX
What companies will be next? 🤔

Review of last week👉🏻Market review + positions held (14/10-18/10 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributions on Monday, Tuesday, Wednesday, with fund inflows on Friday;
$S&P 500 Index (.SPX.US)$ Distribute on Tuesday and Wednesday;
$Russell 2000 Index (.RUT.US)$ Distributions on Monday, Wednesday, with fund inflows on Thursday.
RUT ended up above NDX and SPX.
NDX and SPX retested the 20 and 30-day moving averages this week, with NDX forming a nearly completed 4T VCP pattern; RUT pulled back to test the 50-day moving average again, currently in the early stages of a 4T VCP pattern; The positive aspect is that my own system trading feedback was better than the market this week.
Weekly charts:
NDX remains neutral, SPX's slowing retracement is acceptable, and RUT retested the 10-day moving average; Overall, there are no lingering issues.
Breadth:
Continue to stay green, but the gap is gradually narrowing, still a "stock selection market".
Weekly notes:
Within the system, only SOUN's relative strength slightly downgraded this week.
Market sentiment:
AAII call sentiment has cooled down a lot, with some key financial reports driving the market sentiment higher on Thursday, but there were some noticeable selling behaviors in the second half on Friday.
The fear index has also dropped significantly but still remains at a mild greed level...

The US Federal Reserve initiated its easing cycle with 50 basis points rate cut last week. This week, Chinese markets joined the trend on Tuesday by cutting the rate by 50 basis points. This decision sparked a rally, with the $Hang Seng Index (800000.HK)$ and $SSE Composite Index (000001.SH)$ rising more than 4% in a single day. On the same day, the Reserve Bank of Australia left its cash rate unchanged at 4.35%. Howe...

$EHang (EH.US)$ Many just trade for 0.10,
0.20, so silly. Have some diamond hands. This can easily go above $120.

$EHang (EH.US)$ Everyone, play this well. Stop selling for 0.10, 0.20... this is US stock.

$EHang (EH.US)$ $XPeng (XPEV.US)$
The EH216-S autonomous eVTOL took to the sky for the first time in Quadra, Sao Paolo, Brazil. It was only a trial flight, but one that's intended to open the door for autonomous eVTOL flights across Brazil. Aviation authorities and media representatives attended the special event that marked the beginning of EHang operations in the country.
The pioneering flight came after EHang was granted authorization (...