AAPL 208.72 0.168% MSFT 388.5148 0.3137% NVDA 110.49 3.8147% GOOGL 162.58 2.0718% GOOG 164.7 2.0004% AMZN 187.93 0.7451% META 545.87 2.3858% AVGO 191.75 1.9134% LLY 870.695 1.2754% TSLA 285.6351 10.0671% TSM 164.7921 0.3728% V 334.98 -0.2174% JPM 243.11 -0.6254% UNH 418.56 -1.3412% NVO 61.81 -1.3093% WMT 94.725 -1.1634% LVMUY 114.14 -0.105% XOM 108.25 -0.3498% LVMHF 566.0 0.7347% MA 532.36 -0.5789%
Exit Case: Shift4 Payments, Inc. (NYSE: FOUR)
Overview: Shift4 Payments, Inc. (NYSE: FOUR) is engaged in commerce-enabling technology. The Company is an independent provider of software and payment processing solutions in the United States based on the total volume of payments processed. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the close price of USD 95.63 as on Oct 14, 2024 (8:30 am PDT).
FOUR’s Daily Chart
New Entry 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. It operates a Bitcoin mining site in Wyoming with a power capacity of approximately 30 megawatts (MW).
Technical Analysis: On the daily chart, CLSK' price has bounced back from key support levels and is now climbing higher, suggesting a potential near-term uptrend. This upward trend is further supported by signs of the company's bottoming out, indicating a possible breakout from its current consolidation phase. As the company continues to demonstrate resilience and stability, the likelihood of a sustained uptrend increases, potentially leading to a retest of its previous highs.
CLSK is recommended as a new entry in the 'Momentum Model Portfolio' as on Oct 11, 2024. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the current market price of USD 10.27 as on Oct 14, 2024 (8:00 am PDT).
CLSK’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 14, 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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