AAPL 204.56 2.4131% MSFT 377.02 2.7807% NVDA 104.16 5.3292% GOOGL 155.05 2.3635% GOOG 157.9 2.5991% AMZN 182.212 5.2154% META 522.065 4.3546% AVGO 179.3019 5.7329% LLY 821.86 -0.6864% TSLA 256.44 7.7615% TSM 157.66 4.1347% V 335.57 1.2583% JPM 241.75 2.6147% UNH 433.99 1.5942% NVO 61.4 2.4871% WMT 94.85 0.0% LVMUY 112.1 2.1139% XOM 107.555 -0.6879% LVMHF 571.0 2.589% MA 531.72 0.8325%
Exit Case: Carvana Co. (NYSE: CVNA)
Overview: Carvana Co. (NYSE: CVNA) is a holding company. The Company operates an e-commerce platform for buying and selling used cars. CVNA has been a part of the 'Momentum Model Portfolio' since July 24, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the current market price of USD 134.39 as on Jul 10, 2024 (7:04 am PDT).
CVNA’s Daily Chart
New Entry Case: Fortuna Mining Corp. (NYSE: FSM)
Overview: Fortuna Mining Corp. (NYSE: FSM) formerly Fortuna Silver Mines Inc., is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru.
Technical Analysis: On the daily chart, FSM’s prices are trading above the rising trendline support zone, indicating the possibility of an upside movement hereon. Moreover, the momentum oscillator RSI (14-period) is recovering from the lower levels and is showing a reading of ~51.6324. The prices are above the trend following indicators 21-period SMA, further supporting a positive bias.
FSM is recommended as a new entry in the 'Momentum Model Portfolio' as on Jul 10, 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 5.11 as on Jul 10, 2024 (6:54 am PDT).
FSM’s Daily Chart
Support and Resistance Summary (As on July 10, 2024)
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 Jul 10, 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
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