Market Correction Or New High? Is History Repeating Itself or Taking a Different Path
Watch the video extracted from the live session on 4 Jul 2023 below to find out the following:
Is history repeating itself in terms of market correction or will the current situation take a different path
The potential path of the S&P 500 in the first 2 weeks of July based on price action and the seasonality
An emerging theme consisting of lots of aggressive growth stocks
The key levels to watch out for
And a lot more
The bullish vs. bearish setup is 480 to 48 from the screenshot of my stock screener below pointing to a positive market environment. @TigerStars
Both the short-term and the long-term market breadth have improved significantly, which tally with the bullish vs. bearish setup as shown above.
Below is the full agenda for the webinar video (1:52:00) on 4 Jul 2023:
13 “low hanging fruits” ( $Meta Platforms, Inc.(META)$ , $AppLovin Corporation(APP)$ , etc…) trade entries setup + 38 others ( $Unity Software Inc.(U)$ , $SkyWest(SKYW)$ , etc…) have been discussed during the live webinar. Click to visit TradePrecise.com to get more stock market insights in email for free.
Trade Setup from 2 weeks ago: Dash
$DoorDash, Inc.(DASH)$ belongs to the ETF — IPO, which is the current emerging theme. There are a lot more great setups as discussed in the stock setup video.
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To understand the upside of Dash, just look at Meituan in China whose business model I think dash has been copying and evolving to fit u.s. market. Meituan's market cap is valued at $97B in u.s. dollar.
Next year, Meta could make as much as $15/share and with a PE of 20-25, stock could be in the range of $300-375.
我想指出的是，即使以目前的燒錢率，DASH也有足夠的現金維持幾年。此外，他們能夠每年出售股票，以進一步支持他們不可持續的模式。唯一能拖垮他們的是他們增長的放緩。
Market down , DASH UP. This is too strong. No one can stop this from going to $500.
My conclusion to the overall market action of late is that the markets should begin to rise, and META along with it.