UBS GROUP (UBSG): From Accumulation to ActionUBS GROUP (UBSG): SIX:UBSG
The banking sector has experienced significant turbulence over the past years, which has not spared UBS Group from Switzerland. Please note, this analysis is presented in Swiss Francs, not dollars, as we're examining it from the Swiss stock exchange perspective. Unusually, we're delving into the monthly chart here, where it's evident that we've been in an accumulation phase since 2008, lasting about 15 years with no significant progress. This is the second time we've broken out, but the first time we're sustaining levels above this zone for an extended period.
Our analysis starts at the all-time low of 7 CHF (Swiss Francs), also coinciding with the COVID-19 low, from which we've seen a completed 5-wave cycle. If our foresight holds, we believe the peak at 26.55 CHF marks the top. Following this, we anticipate forming a Wave A, an overshooting Wave B, and then a Wave C that drops below Wave A for a Wave (2) correction. This correction is expected to retrace between 50% and 61.8%, aligning with the notion that Wave 2 often reaches the level of the subordinate Wave 4, situated right at or slightly below the 61.8% mark.
With the stop-loss set below these two potential outcomes and within the outlined blue support zone, we foresee a significant rise for Wave (3). This wave is typically the longest or at least not the shortest of the three impulse waves, leading us to anticipate a climb to at least 48 CHF. Our course of action is to wait, assess how the scenario unfolds, and potentially scale into positions earlier. This remains to be seen, and we'll continue monitoring and keep you updated on developments.
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TemenosTemenos operates a Software-as-a-Service (SaaS) business model, focusing on providing its core banking platform and other financial software solutions to banks and financial institutions in a subscription-based model.
Temenos boasts a diverse and impressive client base, serving over 700 banks across 150+ countries, impacting over 1.2 billion customers worldwide. This translates to roughly 20% of the world's banking population relying on Temenos solutions.
Some of their clients:
1. Large Banks: Renowned institutions like HSBC, Credit Suisse, Bank of Shanghai, ING, and Santander utilize Temenos' core banking platform.
2. Regional Banks: Temenos caters to numerous regional leaders such as Absa Group (South Africa), the Agricultural Bank of China, and Morgan Stanley.
3. Challenger Banks and FinTechs: Temenos empowers innovative players like Revolut and Starling Bank to disrupt the traditional banking landscape.
4. Community Banks and Credit Unions: Temenos offers solutions tailored to smaller institutions, supporting local communities and financial inclusion.
We will be looking for entries on pull-backs. A company worth accumulating in our portfolio.
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Leonteq AG (LEONTEQ N): Empowering Your Financial Future
Investors, get ready to explore the world of innovative financial solutions with Leonteq AG (LEONTEQ N). This company is at the forefront of providing cutting-edge investment and technology solutions. Let's dive into why Leonteq AG is a compelling investment opportunity.
Technical Analysis:
Multiple Timeframes: Our analysis encompasses various timeframes, including 2D, 6D, 7D, 8D, 9D, and 22D charts. This comprehensive approach confirms a strong and sustained trend, reflecting the company's commitment to innovation and growth.
Candlestick Patterns: The 9-day chart showcases positive candlestick patterns, indicating the stock's current upward trajectory. These patterns signify market confidence in Leonteq AG's innovative financial offerings.
Fundamental Analysis:
Company Overview: Leonteq AG specializes in providing structured investment products and services, leveraging technology to offer tailored solutions to clients.
Financial Health: Assessing key financial metrics, such as revenue growth, profitability, and financial stability, is crucial for evaluating the company's financial soundness.
Market Potential: Leonteq AG operates in a dynamic market, serving clients seeking sophisticated and customizable investment products.
Key Insights:
Innovation Hub: Leonteq AG's dedication to innovation positions it as a key player in the evolving landscape of financial technology and investment solutions.
Customization: The company's ability to tailor financial products to individual client needs is a significant competitive advantage.
Risk Management: As with any investment, it's essential to implement a risk management strategy, including setting stop-loss levels and diversifying your portfolio.
In summary, Leonteq AG isn't just a financial company; it's a gateway to innovative and customizable investment solutions. However, remember that investing carries inherent risks, and past performance is not indicative of future results. Thorough research and consultation with a financial advisor are essential for making well-informed investment decisions.
Stay tuned for further updates on Leonteq AG, and prepare to empower your financial future with cutting-edge solutions! 💼🚀
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Fundamental Analysis :Missing submersible and Logitech F710Summery of the current situation:
The OceanGate Expeditions tourist submarine is went missing with five people with about four-day emergency oxygen supply. The missing sub is being looked for by the US Coast Guard and other agencies. During the hunt for the lost Titan submersible, banging noises were heard, indicating continued hope of survivors. We are all praying and hoping for a miracle in their recue and our thoughts and prayers are with the families and loved ones of those on board
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On Sunday, word spread that a tourist submarine operated by OceanGate Expeditions with five persons on board had vanished while its route to the Titanic wreck. Soon after, information concerning the sub's non-standard design that violated laws came to light. For example, steering appears to have been controlled via a $30 wireless Logitech F710 PC game controller from 2010.
Less than a year ago, a local news channel aired a video program examining the unusual sub, in which Rush proudly revealed that the submersible was operated by a game controller. Rush announced to the audience, "We're taking a completely new approach to the design," adding, "and it's all controlled with this games controller," as he showed a controller that resembled an older Xbox controller but was marked with the Logitech logo and featured longer, pointer joysticks than an ordinary Xbox controller would.
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With news breaking that the sub was being controlled by this Logitech controller it seems to have spooked investors causing the stock drop from Fridays highs and overall the stock is down from highs in may of 60.00
Social media has also had there share. Here are some review of the controller on amazon:
Technical Analysis on Logitech :
4H timeframe :
Within the next couple of hours or days there is likely to be an update on the situation of the submersible
Name of the persons onboard : Stockton Rush,Paul-Henri Nargeolet,Shahzada Dawood with his 19-year-old son Suleman
We hope for a positive outcome
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Swatch AG (UHR.vx) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the Swiss company The Swatch Group Ltd (UHR.vx). The Swatch Group Ltd is a Swiss manufacturer of watches and jewellery. The Swatch Group is the world's largest watch company and employs about 36,000 people in 50 countries. The group owns the Swatch product line and other brands, including Blancpain, Breguet, Certina, ETA, Glashütte Original, Hamilton, Harry Winston, Longines, Mido, Omega, Rado, and Tissot. The Falling Wedge broke through the resistance line on 21/04/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 9 days towards 312.60 CHF. According to experts, your stop-loss order should be placed at 285.60 CHF if you decide to enter this position.
The Swiss company said it expects record sales in 2023 boosted by the return of demand in China, Hong Kong and Macau, which was hit by the return of COVID-19 cases last year, and as Chinese tourists resume their travels.
"Group Management anticipates strong sales growth in 2023 in all regions and segments," Swatch said, noting that consumption had quickly recovered in Hong Kong and Macau as well as China after pandemic restrictions were lifted.
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