AAPL 209.39 0.0526% MSFT 390.295 -0.3968% NVDA 108.296 -2.4448% GOOGL 160.7706 -0.7344% GOOG 162.6 -0.7629% AMZN 188.26 -0.3863% META 550.19 0.5336% AVGO 191.89 -0.2184% LLY 878.13 -0.7247% TSLA 283.28 -0.5861% TSM 164.03 -0.6481% V 337.92 0.8205% JPM 243.7 0.0616% UNH 417.73 -0.2174% NVO 62.95 1.4014% WMT 95.52 0.4522% LVMUY 114.43 -0.0786% XOM 108.61 0.0368% LVMHF 572.25 -0.3049% MA 537.19 0.6954%
Exit Case: CleanSpark, Inc. (NASDAQ: CLSK)
Overview: CleanSpark, Inc. (NASDAQ: CLSK) is a bitcoin mining company. The Company independently owns and operates about nine data centers in Georgia, three in Mississippi, two in Wyoming, and co-locations in Tennessee and New York. CLSK has been a part of the 'Momentum Model Portfolio' since Oct 14, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the close price of USD 11.84 as on Oct 16, 2024.
CLSK’s Daily Chart
New Entry Case: Veritone, Inc. (NASDAQ: VERI)
Overview: Veritone, Inc. (NASDAQ: VERI) engages in the provision of artificial intelligence (AI) computing solutions to media and entertainment, government, and legal and compliance industries.
Technical Analysis: On the daily chart, VERI's price has recovered from key support levels and is currently on the rise, indicating a potential near-term uptrend. This upward movement is reinforced by signs that the company is bottoming out, pointing to a possible breakout from its existing consolidation phase. As the company shows continued resilience and stability, the chances of a sustained uptrend increase, which could potentially lead to a retest of its previous highs.
VERI is recommended as a new entry in the 'Momentum Model Portfolio’ on Oct 16, 2024. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the Close Price of USD 4.46 as on Oct 16, 2024.
VERI’s Daily Chart
Support and Resistance Summary
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency as of Oct 16, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.
Disclaimer
This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.
Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.
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