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Exclusive: Chartist Gives Opinion On Bitcoin (BTCUSD); No Click Bait

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The Chartist Column

I came across a headline today talking about Bitcoin being in bear market territory as it is down almost 20% from the highs. That headline was ‘obvious’  click bait in my opinion because Bitcoin is so volatile you can’t use the same terminology to call a bear market as you would in the Stock Market.

The Daily Chart

View Full Size Chart Here: https://share.trendspider.com/chart/BINANCEFTSC_BTCUSD/18865igcael

Their is a few points I want to make here concerning this chart.

  1. Given the high level of volatility Bitcoin presents to traders, a “multi-top” is in the cards here. I say this because the asset is so volatile that being a exact double top or triple top is high unlikely in my opinion.
  2. The trend is still in tact. It has yet to break below the up trend that started back around August.
  3. The short term downtrend has been sharp but, a break of this trendline to the upside could potentially attract demand.

Area Of Importance: Around $60,000 looks like it is a area of importance. If Bitcoin can get back over $60,000 it could potential calm down some of the weak hands and panic sellers, in my opinion.


The Unknown Reaction of Contraction of Money Supply

We do not know how Bitcoin will react to the FED hiking rates and tapering at a much faster pace. With money supply contracting, we will be able to see if money stays in bitcoin or comes out of bitcoin.

Bitcoin has outpaced the famous hedged Gold and frankly, has offered night and day differences of returns vs Gold.


Follow The Author on Twitter: @ChartBreakouts

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Lusso's Exclusives

Wall Street Veteran Owns A Crap Ton Of Monday.com Stock [NASDAQ:MNDY]

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The Chartist Column

DO NOT MISS THIS FREE OPPORTUNITY!

ARE YOU A TRADER?

DO YOU WANT FREE STOCK PICKS?


Buckle up, team, because we’ve got a wild ride on our hands with Monday.com [NASDAQ: MNDY], and it’s catching the big eyes on Wall Street. Word on the street is that a Wall Street hot shot hastaken a big stake, scooping up a crap ton of MNDY stock, and let’s just say, they might be onto something juicy.

Monday.com [NASDAQ: MNDY]: A Stock to Watch in 2024 – Stock Market Coffee

In the chaotic world that is the stock market, spotting the next big hitter is like finding a needle in a haystack. Enter Monday.com, the platform that’s turning heads faster than a free beer sign at a frat party. With a whopping 41% revenue growth in the books for FY 2023, it’s no wonder Wall Street’s finest are betting big. This isn’t just growth; it’s Hulk-smashing through expectations, and here’s the lowdown on why Monday.com is the stock to watch:

  • Fourth Quarter Frenzy: Q4 ’23 saw revenues hitting a cool $202.6 million. That’s a 35% jump from the year before, folks. Talk about making it rain.
  • Annual Gold Rush: The full-year revenue? A staggering $729.7 million, marking a 41% increase. If Monday.com were a movie, it’d be breaking box office records.
  • Gross Margin Greatness: With a 90% gross margin in Q4 ’23 and plans to keep it in the high 80s, we’re looking at LeBron-level efficiency here.
  • Cash Flow Kings: $55.4 million in free cash flow for Q4 and a total of $204.9 million for the year? That’s not just good; it’s Scrooge McDuck diving into his money bin good.

Monday.com isn’t just sitting pretty; they’re aiming for the stars with their FY 2024 projections. We’re talking a revenue forecast that’s looking to hit between $926 million to $932 million. With non-GAAP operating income potentially reaching up to $64 million and a free cash flow forecast that makes the heart sing, it’s clear Monday.com isn’t planning on slowing down anytime soon.

Now, for my chart junkies, Monday.com’s stock is like a coiled spring, ready to launch. Hovering near a breakout point at $231, the stock’s been playing it cool, but don’t be fooled. This consolidation is the calm before the storm, and a breakout here could see the stock soar faster than a SpaceX launch.

Monday.com isn’t just beating the game; they’re changing it. In a world where uncertainty is the only certainty, this company’s smashing records like it’s going out of style. With a financial report card that’s the envy of its peers and a strategic vision that’s as sharp as a tack, Monday.com is the stock that’s got everyone from Wall Street sharks to the casual trader sitting up and taking notice.

So, there you have it. Monday.com [NASDAQ: MNDY] isn’t just a stock; it’s a statement. With a blend of explosive growth, strategic genius, and a chart that’s whispering sweet nothings to traders, it’s the beacon for those looking to ride the wave of tech’s future. Whether you’re a grizzled market veteran or a newbie looking to make your mark, keeping an eye on Monday.com might just be the smartest play you make in 2024. Let the games begin!

DO NOT MISS THIS FREE OPPORTUNITY!

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Top Stocks to Watch Tomorrow: LQR, NVDA, SMCI, and HOLO

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CHECK THIS OUT….


As we look towards tomorrow, several stocks stand out due to their technical patterns, upcoming earnings reports, and recent price movements. Among these, our featured chart of the week is LQR House [NASDAQ: LQR], which is showcasing a textbook symmetrical triangle, indicating a potential breakout. Additionally, with Nvidia’s earnings on the horizon and the dramatic price movements of Super Micro Computer and HOL O, investors are presented with a variety of opportunities. Let’s dive into these top stocks to watch.

Featured Chart of the Week: LQR House [NASDAQ: LQR]

LQR House has captured the attention of the trading community, trading within a symmetrical triangle pattern and nearing a pivotal breakout level. This pattern, characterized by two converging trendlines, signifies a period of consolidation before a potential price breakout. LQR House’s low float and high popularity could fuel significant participation, potentially leading to a breakout. Traders should closely monitor the stock for any signs of increased volume or price movement beyond the triangle’s boundaries, which could indicate the start of a significant trend.

Nvidia [NASDAQ: NVDA]: Earnings Anticipation

Nvidia stands out as a key player in the tech sector, with its upcoming earnings report on Wednesday marking a critical event for the week. As one of the top earnings watchers, Nvidia’s financial performance can significantly impact its stock price and the broader market. Given the company’s influence in the semiconductor industry, positive or negative surprises in its earnings report could lead to substantial price movements. Investors should watch for any pre-earnings volatility and the company’s guidance for future quarters, which could offer insights into the tech sector’s health.

Super Micro Computer [NASDAQ: SMCI]: A Test of Support

Super Micro Computer has experienced a remarkable journey, soaring from $200 to over $1000 before facing a sharp decline on Friday. Currently, the stock is testing the 9-day exponential moving average (9EMA), a key technical indicator used by traders to gauge short-term momentum. Tuesday’s trading session will be critical for SMCI, as investors watch to see whether the stock holds above the 9EMA or breaks below, potentially signaling further declines. This level serves as a litmus test for the stock’s immediate direction and could influence investor sentiment.

HOLO: From Obscurity to Spotlight

HOLO’s meteoric rise from $2 to nearly $100 in just two weeks has been nothing short of spectacular, placing it firmly on traders’ radars. Currently, the stock is facing resistance, but a move above $75 could trigger a technical breakout, enticing more investors to jump in. This stock exemplifies the volatile nature of the market, where swift gains can capture widespread attention. Traders should monitor HOL O for any volume increases or price movements above resistance levels, which could indicate the start of another significant rally.

Bottom Line

As we approach tomorrow’s trading session, LQR House, Nvidia, Super Micro Computer, and HOL O stand out as top stocks to watch. Each presents unique opportunities and challenges, from LQR House’s potential breakout to Nvidia’s eagerly awaited earnings report, SMCI’s test of support, and HOL O’s resistance challenge. Investors and traders should remain vigilant, closely monitoring these stocks for signs of breakout, earnings surprises, or technical reversals. In the dynamic world of stock trading, staying informed and adaptable is key to capitalizing on opportunities as they arise.

DO NOT MISS THIS FREE OPPORTUNITY!

ARE YOU A TRADER?

DO YOU WANT FREE STOCK PICKS?

CHECK THIS OUT….


DISCLAIMER

We the publisher (WE) offers no guarantees and provides forward looking statements with intentions and sole purpose to satisfy the reader/viewer by offering only personal enjoyment and personal entertainment. If at ​any time a Security is purchased that is discussed at WE on a written article, post, newsletter or comment, you agree to hold WE liability free and harmless. There are no guarantees in participating in Financial Markets ​and full investment can be fully lost at any time. WE never guarantees and never offers recommendations. The company will not be responsible for any loss or damage that occurs. Anyone at WE may be buying or ​selling any stock mentioned at any given time.

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any WE Service and product offered is for educational and informational purposes only and should NOT be ​construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. WE recommend you consult a licensed or registered professional before making any investment decision as you ​could lose your full investment at any given time as this is not a “risk free” industry. If you do agree to this, then please exit our website now.

WE are NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Both, WE nor any of its owners or employees are registered as a securities broker-dealer, broker, ​investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. We do ​NOT give out advice, this is intended to be ONLY a publication for information and education.

PAID ADVERTISEMENT

Lusso’s News, LLC has been compensated $15,000 by a third party for marketing services on behalf of LQR House [NASDAQ: LQR]. This compensation covers the period from January 1, 2024, to April 1, 2024`. In the ​interest of transparency, it is important to note that Lusso’s News, LLC may receive additional advertising revenue from new advertisers and may collect email addresses from readers, which could be monetized.

Investors and readers are advised to consider this information carefully and conduct their own due diligence before making any investment decisions. This advertisement and other marketing efforts may contribute to ​increased investor and market awareness, potentially leading to a rise in the number of shareholders and trading activities related to the securities of LQR.

It should be understood that any increases in trading volume or share price as a result of this advertisement and marketing efforts may be temporary and may decline once the advertising arrangement concludes. Lusso’s ​News, LLC aims to provide accurate and unbiased information, but readers are encouraged to verify details and seek professional advice before making any financial decisions related to the mentioned securities.

Please be aware that investing involves risks, and past performance is not indicative of future results. Always consider consulting with a qualified financial advisor before making investment decisions. Lusso’s News, LLC ​may be buying or selling anytime.

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Lusso's Exclusives

HUGE ALERT: LQR HOUSE $LQR Has This Wall Street Veterans Radar

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The Chartist Column

🌟 Investor Alert: LQR House (NASDAQ: LQR) is Shaking Up the Market! 🎉

NASDAQ: LQR

Big News, Folks! 💥

Get ready to dive into why LQR House isn’t just another stock – it’s potentially the hottest pick of 2024! Let’s break down why they’re turning heads in the investment world:

💸 Cash and Treasures:

  • Loaded with Cash: They’re sitting on over $7.5 million in cold, hard cash.
  • Inventory Bonanza: They’ve got over $10 million in stock at Cwspirits.com, yet their market cap? A mere $12 million. Sounds like a steal, right?

🚀 Skyrocketing in Ecommerce:

  • The Spirits Specialists: They’ve carved out a niche in the spirits and beverage market – and they’re rocking it!
  • Exclusive Share Club: With just around 1.50 million shares in the public float out there, they’re like a rare collector’s item.

📈 LQR’s Exciting Journey:

  • 2023’s Hidden IPO Gem: Fresh from last year’s IPO, they’re still a secret just waiting to be discovered.
  • Doubling Down on Their Stock: They’ve boosted their share buyback to $5 million, betting big on their own success.

🥇 Leading the Liquor Race:

  • Top of the Online Retail Game: Cwspirits.com is their crowning glory, reigning as the #1 Online Retailer for Wine & Spirits.
  • Stepping Up as Drizly Steps Down: With Drizly bowing out, they’re primed to take over that market space.

📰 Headline-Worthy Moves:

  • Supercharged Share Buyback: It’s not just about growth, but also about showing they mean business as they are buying back $5 Million worth of stock!
  • Smart Money Moving In: Index Investment Group now owns a 20% stake – when the wise invest, it’s worth noticing!
  • The Analysts’ Pick: With price targets from $7 to $26 and a current price of $2, the experts seem to think they’re undervalued.

🎖 Triumphs to Celebrate:

  • SWOL Tequila’s Big Order: A whopping $1 million order from Cannon Estate Winery? Cheers to that!
  • Dividend Excitement: Keep an eye out for a potential special dividend up to $1.00 per share.
  • Revenue Explosion: A massive 458% YOY revenue increase – they’re not just growing, they’re booming!

🌈 Bright Future Ahead! We look forward to the exciting journey for LQR House. ! Here’s to a prosperous 2024! 🥂

The Chart

Looking at this chart for LQR House, Inc., there’s a bullish signal flashing brightly with a clear support level taking shape. After a significant drop, the stock price seems to have found a steady footing, consolidating around a level that has repeatedly acted as a springboard for upward movements—hinting at strong investor confidence. This support zone is crucial; it’s where the buyers could step in, showing their belief in the stock’s intrinsic value, and historically, from this level, we’ve seen the share price rebound with enthusiastic rallies.

The consistent volume around these points suggests that there’s a solid interest in maintaining this price level, indicating that any dips are seen as potential buying opportunities by those eyeing the long-term potential of LQR House. This kind of trading behavior creates a strong foundation, setting the stage for potential future ascents as market conditions align, making this an exciting chart for bullish investors.


PS: Remember, investing should always be done with research and care. Cheers to making smart investment choices!

Lusso’s News Insider is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

DISCLAIMER: Lusso’s News LLC offers no guarantees and provides forward-looking statements with the sole purpose of offering personal enjoyment and entertainment to its readers and viewers. If you choose to purchase any securities mentioned in our articles, posts, newsletters, or comments, you agree to hold Lussosnews.Com, Powerhouse.substack.com, Lusso’s News, LLC and all of the authors free and harmless from any liability. Investing in financial markets is risky, and you may lose your entire investment at any time. Lusso’s News, LLC never guarantees or offers recommendations, and the company will not be responsible for any loss or damage that occurs.

We want to emphasize that we have a strict refund policy, and we do not offer personalized investment advice. Our products and services are for educational and informational purposes only and should not be construed as a securities-related offer or solicitation. We highly recommend that you consult a licensed or registered professional before making any investment decision. Please be aware that Lusso’s News, LLC and its owners or employees are not registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with any regulatory authority. We do not give out advice, and our publication is solely for information and education.

We want to make it clear that our information is subject to our terms and conditions and disclaimer. Our report is for informational purposes only and is not a buy or sell investment or trade advice. No specific outcome or profit is guaranteed, and the full risk of losing money on a trade applies. Please understand that our writers and traders are not licensed or financial advisors.

DISCLAIMER

We the publisher (WE) offers no guarantees and provides forward looking statements with intentions and sole purpose to satisfy the reader/viewer by offering only personal enjoyment and personal entertainment. If at ​any time a Security is purchased that is discussed at WE on a written article, post, newsletter or comment, you agree to hold WE liability free and harmless. There are no guarantees in participating in Financial Markets ​and full investment can be fully lost at any time. WE never guarantees and never offers recommendations. The company will not be responsible for any loss or damage that occurs. Anyone at WE may be buying or ​selling any stock mentioned at any given time.

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any WE Service and product offered is for educational and informational purposes only and should NOT be ​construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. WE recommend you consult a licensed or registered professional before making any investment decision as you ​could lose your full investment at any given time as this is not a “risk free” industry. If you do agree to this, then please exit our website now.

WE are NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Both, WE nor any of its owners or employees are registered as a securities broker-dealer, broker, ​investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. We do ​NOT give out advice, this is intended to be ONLY a publication for information and education.

PAID ADVERTISEMENT

Lusso’s News, LLC has been compensated $15,000 by a third party for marketing services on behalf of LQR House [NASDAQ: LQR]. This compensation covers the period from March 18, 2024, to April 1, 2024, for a PAID ADVERTISEMENT. In the interest of transparency, it is important to note that Lusso’s News, LLC may receive additional advertising revenue from new advertisers and may collect email addresses from readers, which could be monetized.

Investors and readers are advised to consider this information carefully and conduct their own due diligence before making any investment decisions. This advertisement and other marketing efforts may contribute to increased investor and market awareness, potentially leading to a rise in the number of shareholders and trading activities related to the securities of LQR.

It should be understood that any increases in trading volume or share price as a result of this advertisement and marketing efforts may be temporary and may decline once the advertising arrangement concludes. Lusso’s News, LLC aims to provide accurate and unbiased information, but readers are encouraged to verify details and seek professional advice before making any financial decisions related to the mentioned securities.

Please be aware that investing involves risks, and past performance is not indicative of future results. Always consider consulting with a qualified financial advisor before making investment decisions. Lusso’s News, LLC may be buying or selling securities at any time.

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