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META Meta Platforms Options Ahead Of EarningsIf you haven`t sold META at $341: Then I think that META Meta Platforms will announce massive layoffs at the earnings date, which the market loves. Mark Zuckerberg will continue spending billions on building the Metaverse, but the market won`t care as long as they fire people. Another reason for a happy earnings ending is the FOMC decision to hike the interest rates by 25bps instead of 50bps (I assume). Otherwise, META loses more ground against TikTok, which took over the globe. But Mark Zuckerberg doesn`t care about that, because if TikTok really becomes a threat for META (sorry, for the economy), regulators will declare it a spy app, threatening the US national security. So eventually META will prevail. If the authorities won`t intervene to help META, i think the stock should end the year around $120. All the above considered, looking at the META Meta Platforms options chain ahead of earnings , I would buy the $150 strike price Puts with 2023-2-17 expiration date for about $7.45 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
NASDAQ:METALong
by TopgOptions
10
BBIG Vimco Ventures - A Classic Triangle PumpI came across this stock the other night when it was trending on Twitter and took a look at it for the first time ever. Apparently Vimco is a holding company that's touted for one of its assets being the "TikTok competitor" Lomotif. Personally, I think people who are bullish on app clones of big apps are delirious because the reason those big apps get rooted by the establishment are for reasons that have little to do with their technology and everything to do with what is behind them. In TikTok's case it's the Chinese Communist Party behind them, via parent company ByteDance, and the purpose of the app is to indoctrinate young people and have them waste a lot of time competing with influencers and trying to be an influencer . The thing about a grooming and indoctrination app is you can't have competition. You need just one that can cannibalize the entire market and hold everyone's attention. Regardless, I'm a big believer in price action. So long as Wall Street banks are holding an interest in a stock, I think that price action reflects the cumulative knowledge of all market participants. It's the real penny stock pump and dumps you have to be afraid of. Once they get rugged there's no liquidity and they _will_ go to zero. With BBIG, BlackRock, Vanguard, State Street, etc, all have significant holdings. Before we start, I'd just like to say that I actually saw this pattern the night before and posted it as it began its fake breakout, just not in a formal TradingView call. Anyways, this pattern is a pretty classic one that I learned from this dude in crypto in 2018 when Ethereum Classic made a similar play that yielded a lot of run, and fast. I didn't believe him, but the short end of the trade worked and then it pumped afterwards. The idea is you first get this parabolic super pump that doesn't last. Then, it consolidates for a long period of time with descending highs and flat lows. What's being exploited is that so many traders love these trendline astrology "technical analysis" ideas. So when they see something "break out" to the upside "against the trendline" they stop out of their shorts and get long. Then it immediately sells off back into the triangle, and then takes out the bottom, and heads lower and lower, taking out all those poorly timed longs that bought in the triangle, treating the flat bottom as support. Notable with BBIG is that there's a pre-pump gap in the 71c range and the all time low, which is also the pre-pump pivot low, is 67c. I suspect that 67c will hold under the thesis that the MMs are actually heavy on the buy, but if the pump is going to be big, they may also turtle soup the very bottom. Either way, you might think to yourself, "This isn't that realistic. This is 20%+ to the downside." And this logic is fine, but look at the range of the triangle breakout into the breakdown that just occurred. In a few days that was already 20%. Late in October, BBBY printed a 35% pump in a few days. A conservative target for the resulting pump, should it manifest as such, is in the $1.40 range. It may even take out the old pump high of $1.95. In short, you're looking at a 2-3 bagger, if all transpires according to plan. Price action like this leads me to believe that it's possible that the Biden Administration really does have a ban on TikTok waiting in the cards, ready to be imminently played as social media chatter has suggested. Additionally, I also believe that tech stocks in general are about to pump it and pump it hard, even though it'll just be another bear market rally. A lot of suckers are about to be brought in. Well, with a stock like this you don't want to buy and hold. You want to get in and get out. A lot of these companies really have no fundamental value. If you want things to buy and hold, put your money in grocery stores, fertilizer companies, oil and gas, etc. Things that genuinely make money from genuine business, instead of these jokers that pay some kids pennies to clone apps and then call it a $205MM valuation, which is what Vimco's market cap is at the moment. (That's tiny.) But, be careful and don't be greedy with your upside targets. The world isn't in good shape at the moment and things can change at any time. Significant geopolitical, natural, and cosmic events can unfold at any time.
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by LordWrymouth
3
NAS100 [US100] Daily Outlook | July 27Hi all, Am totally sell biased today. WHY? Short Term: 1, Unless H1 price bar closes above 12305.14, then i may decide to take long positions with targets at 12357.34 and 12446.72 2, One out of 2 of my favorite plays (wick fill) is strongly brewing on D1 time frame. H1 break and closure below 12244.15 will trigger some price movement, hence shorting to 12172.69, 12077.52, 11992.37 and finally 11882.52 (these points are your partial closure guidance) To learn more about my favorite setups and how to perfectly harness pips using them, join my live streaming today. Daily Live Trading session at 8:45AM EST/ 4:45PM GST Pairs: EURUSD/NAS100/GER30 Kings...
FX:NAS100Short
by Kingsley_lotanna
4
NAS100 [US100] Daily Outlook | July 13Long Term Outlook: Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trendline joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume . Short Term Outlook: a. Market is ranging between 11890.34 and 11768.85 (Range 0) and 1HR break and closure above 11890 zone will make price to test 12041 area (Range 1). b. On the other hand, the break and closure of 1HR price bar below 11743.56, we may yet see a dip down to 11462.68 (range 3) with partials closure at 11550.06 (range 2) c. Within the range lies a rare opportunity for the smart ones - clean traffic to the left side resulting in a possible bullish move from 11768.85 zone to 11875 (110 pips - range 0) Let me know what you think on the comment section. NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST Join the winning team! -Kings
FX:NAS100
by Kingsley_lotanna
2
NAS100 [US100] Daily Outlook | July 12Long Term Outlook: Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trendline joining 13500, 12949 and 12979 indicating that price may yet see 11163 area with enough volume. Short Term Outlook: a. 1HR TF is currently ranging between 11798 and 11733. At the break and closure above 11798, we may see some bullish move up to 12041 area but with partials closure at 11877.75/11957.88 levels. b. With a clean traffic to the left hand side, price break and closure below 11724 area will be a rare opportunity for a drop to even lower than 11552 level. Which side are you on? Do let me know in the comment section. NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST Join the winning team! -King
FX:NAS100
by Kingsley_lotanna
7
One of the Fastest Growing Companies in AdTechAfter a monster year of growth for Digital Turbine, analysts believe the expansion doesn't stop here. Over the next three years, analysts predict the company will continue to grow EPS at a ~ 45% CAGR while expanding revenue at an average ~ 28% CAGR. Although short-term liabilities outweigh short-term assets like cash and A/R due to acquisitions, it is predicted that the procurements of Fyber, AdColony, and Appreciate will help accelerate Digital Turbine's more prominent and profitable role in the fast-growing and secularly-thriving $200+ billion mobile ad/connected TV marketplace. As for the technicals, we're witnessing a similar setup as the '18-'19 bull run that $APPS experienced. Distribution breakdowns into a falling wedge until volume begins to pick back up (breakdowns are primarily due to the macro environment, not the company's fundamentals). I chose the fiscal Q4 2022 ER date as a rough estimate for when $APPS might break the downtrend. By no means has Digital Turbine reversed course fundamentally, and I'd like the next ER to confirm that. GLTA! (Disclaimer, I am long $APPS with both a long-term position and LEAPS call options).
NASDAQ:APPSLong
by ClargyInvesting
BBIG Vinco Ventures the next TikTok???BBIG announced the closing of the Lomotif Private Limited acquisition. Lomotif, TikTok`s rival, is one of the top short form video platforms in the world with hundreds of millions of installs around the world and tens of millions of monthly users and over 31 million on-platform monthly active users. Buying this stock could be like getting into TikTok early. Third-party independent valuation shows the combined companies have a valuation over $5 billion as of June 30 according to recent private financing comparable valuation by Gemini Valuation Services. Now the MARKET CAP is only 813Mil. Based on the Fibonacci extension tool, i see a 11.17usd price target short term and 500% upside one year term.
BLong
by TopgOptions
2
BITCOIN TARGET HIT, WHERE IS PRICE HEADED? AND TIKTOK CRYPTO BANIn today's post, I will go over TA for Bitcoin and the TikTok Crypto Ban. Bitcoin TA: In yesterday's post, I went long on Bitcoin upon the breakout of the DOUBLE W double bottom, where price formed a double bottom within a double bottom and the target of that trade was 34.6K, which has been met. Price is now testing the 200MAs on the 15Min TF as I am typing this. If price can hold here and break above 34K, I will stay bullish and might even open up another long position. If price fails to hold here and closes below 33.7K, then I will be short term bearish and will wait for some bottoming pattern before going long. TikTok Crypto Ban: The only thing I want to say is this. We in the crypto community need to be united. We should not stand for any infringement on our freedom of speech and our freedom of expression regardless of what part of the community is getting attacked. There is no room for tribalism. We should not be celebrating the fall of a community simply because we are in another community. If we do that, then outside forces will continue to divide and conquer us and we will be doomed. Unite to fight a common enemy instead of engaging in in-fighting. Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
by cryptotraderog
2
Go BBIG or Go Home? Key Levels382 Fib looks like a decent level of resistance on the BBIG chart right now. But with an uptick in volume today and some extra attention on social media, it's going to be interesting to see how things pan out. Between excitement around NFTs and the whole social TikTok competitor aspect, there's enough of a story to follow: "Vinco Ventures is a penny stock that we’ve covered numerous times in the past few weeks. During that time, investors had been anxiously awaiting updates surrounding the acquisition of Lomotif Private Ltd. by it and its subsidiary ZASH Global Media and Entertainment. The pair plan to sign a final agreement and Plan of Merger on or prior to June 24th of this year, which is big news for shareholders. For some context, Vinco Ventures is an acquisition company, working on digital media and content-based companies. Its main strategy is known as B.I.G. or Buy. Innovate. Grow." Quote Source: Hot Reddit Penny Stocks to Buy? 10 That You Should Know About
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by PennyStocks101