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December 19, 2024

BBAI: The Next Big AI Stock

The AI industry has captured alot of interest from many investors and traders alike. After the most recent massive rally on Sounhound , for a whopping 400% , we may potentially see a rotation into other AI players such as Big Bear. BigBear.ai is a technology and analytics company specializing in artificial intelligence (AI) solutions for decision support and predictive analytics. The company focuses on providing AI-driven tools and insights to support data-driven decision-making, particularly in complex and high-stakes environments. BigBear.ai serves industries such as defense, healthcare, manufacturing, and logistics, offering services that include: Predictive Analytics: Helping organizations anticipate future scenarios by analyzing patterns and trends. Data Integration: Combining data from multiple sources for a unified and actionable perspective. AI-Driven Decision Support: Leveraging machine learning and advanced algorithms to guide strategic planning. Simulation and Modeling: Creating virtual scenarios to test outcomes and optimize decision-making. The company's solutions are designed to enhance operational efficiency, improve situational awareness, and enable smarter, faster decisions. At the moment, we have several indicators pointing to potentially higher prices including the anchored vwap of the low, as well as a value area breakout and massive triangle breakout. Lets see how it plays out

December 19, 2024

"Surfing the NVNI Tsunami"

NVNI is a rollercoaster ride for thrill-seekers. This high-volatility ticker can deliver explosive short-term moves, perfect for traders who love adrenaline-fueled opportunities. Ride the waves, time the dips, and cash out before the tide turns!

December 19, 2024

META pullback to $586

MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. 2HR CHART (expect target to hit THIS WEEK) Price at or above top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiked positive Price at or near 3.618 Fibonacci level Target is $586 or channel bottom

December 19, 2024

Mantle Network Advances Technical Roadmap As The First ZK Validity Rollup with Succinct’s SP1

Singapore, Singapore, December 19th, 2024, Chainwire Succinct alliance establishes Mantle Network as highest-TVL ZK validity rollup Mantle Network, an Ethereum layer 2 (L2) known...

December 19, 2024

NVDA is coming back

Went below the earnings low but the stock has a strong support around 127 and 132 range. Relative strength is pretty good and it seems like is trying to come back. The fundamentals are still good. Therefore, I have this trade idea to buy the stock of the 130 with a very tight stop at 125 and my target is 165.

December 19, 2024

Marinade Finance Makes Strategic Investment in SuperSol

Dubai, United Arab Emirates, December 19th, 2024, Chainwire Marinade Finance Makes Strategic Investment in SuperSol to Boost Solana’s Growth and Enhance Layer-2...

December 19, 2024

SIDUS HEROES Expands Blockchain Gaming Ecosystem with Immersive Metaverse and Strategic Gameplay

Dubai, UAE, December 19th, 2024, Chainwire SIDUS HEROES is revolutionizing the blockchain gaming industry with its expansive space-themed metaverse ecosystem, designed to provide...

December 19, 2024

Deus Wallet Introduces Duress Mode: The Revolutionary Solution for Cryptocurrency Security

London, UK, December 19th, 2024, Chainwire As cryptocurrency adoption expands, so do the associated risks, including physical threats targeting crypto holders. Traditional wallets...

December 19, 2024

Technical Analysis of Stock SOUN 5/8/2024

Technical Analysis of Stock SOUN Introduction: SOUN, founded by a computer scientist from the dot-com era, has garnered significant attention from investors, including heavyweights like NVDA and Kleiner Perkins. Notably, Kleiner Perkins' backing is a considerable endorsement. The company's innovations, such as AI-powered burger ordering at White Castle, underscore its potential in the market. Daily Chart Technical Analysis: Overview: This analysis delves into both the broader picture and recent price movements of Stock SOUN Daily Chart #1: This chart illustrates the complete price history of Stock SOUN, revealing its trajectory since going public in April 2022. After an initial crash to $1 by the end of 2022, the stock traded sideways between $1.60 and $4.70 from January 2023 to February 2024. During this period, it struggled to breach the resistance zone of $3.50 to $4.70. However, by the end of February 2024, a surge in trading volume facilitated a breakout, with the stock reaching a high of $10.25. Subsequently, there was a significant pullback of -65%, bringing the price back to the $3.50 to $4.70 resistance zone. Observations: This breakout from an accumulation stage, followed by a pullback to a historically resistant zone, presents a compelling opportunity. The confirmation of the breakout by massive trading volume adds further credibility. We will now assess if there is a viable entry point for a long position. Daily Chart #2: Here, we focus on the breakout and subsequent pullback to the $3.50 to $4.70 resistance zone. The breakout on February 26 led to a surge in prices to the $10 range. However, as the breakout reached its peak, a descending triangle formed, indicating an imminent pullback. This pullback retraced the price back to the $3.50 to $4.70 zone, where it found support and broke through the pullback trendline. The price is now attempting to establish the $3.50 to $4.70 zone as a support level, forming an ascending triangle. On May 6th, the price broke out from this triangle and above $4.70. Concurrently, the MACD crossed above its signal, signaling bullish conditions. Implications: The technical indicators suggest a favorable outlook, especially with earnings scheduled for May 9, 2024. These factors indicate potentially bullish earnings. Trade Strategy: Entry: $4.81 Stop Loss: $4.06 (-15.59%) Target #1: $10.00 (+107.90%) Target #2: $15.00 (+211.85%) - There's a possibility of exceeding this target; I'll trail if the price exhibits parabolic movement beyond $15.