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Is this stock charging to a new high?

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AUG 22, 2023
 
   
SCOTT WELSH’S TICKER TALES
Charging Toward a New High (V) Aug 22
 

So far, August has been as advertised.

Typically August is a low volume, low success trading period for traders, especially traders looking to go Long. 

And it’s been all of that. 

But, of course, this lousy period shall pass.

And, as we’ve mentioned previously, the stocks that hold up during a fallow period are the ones that thrive when the bullishness comes back. 

Visa (V) fits that profile. 

It’s been steadily rising since it bottomed out in September of last year, and now it’s consolidating in a tight range. 

Plus, through all the bearishness of the past year and half, V is actually very close to an all-time high.
 

If it breaks its sideways channel and goes above $245.37, it could go on a big run. 

We’ll keep an eye on it.


Happy trading,

— Scott Welsh

P.S. As a reminder, this play is based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
JEFFRY TURNMIRE
Financial Giants Embrace Bitcoin: Unpacking the Race to Integrate Cryptocurrencies
 

In the world of finance, something interesting is happening. Financial giants, like banks and other large institutions, are getting all excited about cryptocurrencies, especially Bitcoin.

It's like they've decided to join the fun party that's been happening with digital money.

Not too long ago, cryptocurrencies were like that thing the tech-savvy folks talked about, and most regular money people weren't too interested.

But things are changing, and now the big money folks are no longer watching from the side; they're taking a big leap into the cryptocurrency world.

One really interesting thing is that they're integrating cryptocurrencies into traditional financial services. You know how you use banks and cards to buy things? Well, these big institutions are trying to make it so you can use digital money, like Bitcoin, in the same way. This means more regular folks could use these digital coins without all the added difficulty and confusion.

Another great thing is that these big institutions are teaming up with smaller cryptocurrency startups. It's like two kinds of experts joining forces.

They're making new things that work better, faster, and are more clear. This is a big deal because it means using digital money could soon be smoother and easier for regular folks.

When big money folks show interest in cryptocurrencies, it's not just a little thing. 

It's like they're giving the nod of approval, saying, "Hey, this cryptocurrency stuff is serious!" And because of this, more regular folks are starting to see that cryptocurrencies might be something to check out.

Which means that eventually Bitcoin and other cryptocurrencies could grow bigger than ever.

I want to invite you to a special talk I'm having tomorrow, Wednesday at 1pm Eastern.

I’m sharing something super interesting called the "Bitcoin window."

This special phenomenon happens near the end of every month, and it's connected to how Bitcoin miners have to deal with really high electric bills.

It's a bit like a secret opportunity, and I'll show you how you can get involved without ever leaving your regular brokerage account!

All you need to do is click here to register your spot.

Hope you get to join me,

Jeffry Turnmire

   
 

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