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$DKNG GETTING READY FOR A +40% MOVE!What Is the Accumulation Area? The accumulation area on a price and volume chart is characterized by mostly sideways stock price movement, which is seen by investors or technical analysts as indicative of large institutional investors buying, or accumulating, a large number of shares over time. Source: www.investopedia.com 1HR - Price trading sideways since late September. Analyst Price Target on $DKNG (TipRanks) High: 105 Average: 70.06 (44.01% Upside) Low: 41
NASDAQ:DKNGLong
by ivanlarav
QCOM probably good for at least a short-term swingWith today's weak inflation data, treasury yields are falling, which should be at least short-term bullish for tech. Qualcomm has an additional news catalyst from yesterday's announcement that they authorized a $10 B buyback plan. Qualcomm looks to be exiting oversold territory on the daily RSI. It's just under 15 forward P/E right now, with PEG under 0.5 and dividend yield at 2.2%. We may get some positive analyst coverage over the next week as an upside catalyst. I took a gamble on October 22 calls at the 128 strike.
NASDAQ:QCOMLong
by ChristopherCarrollSmith
11
Playing the Squid Game on South KoreaThe South Korean show Squid Game dramatizes, in part, the extremely high household debt levels in that country. With household debt-to-GDP highest in the world, South Korean 30-somethings owe an average of 270% of their annual income. Those are the kinds of household debt levels that could either plunge the country into recession as credit tightens or cause young Koreans to compete to the death on a dystopian game show for the entertainment of billionaire VIPs. South Korea looks better in terms of government debt-to-GDP, which allows room for government to provide household debt relief or economic stimulus by growing its debt. That's partly why South Koreans elected a center-left proponent of universal basic income in last Sunday's presidential election. South Korea's technology-heavy stock index trades at about half the price of other advanced economies on a free cash flow basis. Stocks have sold off sharply in recent months, setting up a possible short-term long-side mean-reversion play. By buying the index, you get large exposure to household names like Samsung and Hyundai. I also like some smaller names like South Korea Telecom, which trades at 2.75 forward P/E with nearly 5% dividend yield. But household debt remains a long-term risk for South Korea, so I think you carefully scale in. I took a small position here just to satisfy my FOMO, in case we bounce now that the presidential election is over. I am hoping for further selloff to about $26.20 to take a real entry-level position. I will add more at secondary support around $24. Because of the risk of a credit recession, I am sizing my position so that if I should happen to lose this squid game, I won't get killed. :) This is part of my recent initiative to diversify away from US stocks.
AMEX:FLKRLong
by ChristopherCarrollSmith
6
NASDAQ on 1D Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price is at the bottom of the Channel Up, below the 1D MA100 (green trend-line, which has accurately given a long-term buy signal 3 times since November 2020) and the 1D CCI is on Higher Lows at its bottom. Target: Short-term 15100 (the 1D MA50), medium-term 15700 (Resistance and All Time High) and long-term 16350 (the 1.5 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
TVC:NDQLong
by TradingShot
6
$EVH Merger with Walgreens Will Not Happen Sources SayWe all come here to notice that Walgreens is not interested in the Merger with EVH after digging into the company earnings and realizing there's a conflict of interest in proprietary technology. A Merger makes no sense any more spokesman said. "We'd like to notify private investors today to let them know that the deal doesn't seem to fit our model anymore as far as the health care management software Evolent has to offer" - Walgreens WACC% 15.48 ROIC -3.73 Operating Margin -4.18 Net Margin -7.28 ROE -11.23 ROA -5.35 3 Year EPS NRI Growth Rate -61.20 Net Income Operations -72.27 70% Worse than 606 companies Sloan Ratio -42.26 ROCE -4.49 1 Year Asset Growth Rate -7.30 1 Year Debt Growth Rate -21.80 1 Year OCF -881 1 Year Total Growth Rate 8.80 1 Year Revenue Rate Per Share 5.70
NYSE:EVHShort
by aivapes