Don’t believe everything you see or hear

Today’s Daily Byte

The market saw green closings, exactly where it closed yesterday. This indicates no further damage today, but it doesn’t necessarily mean the fall may be over. The head and shoulders pattern highlighted yesterday still have room to complete if the support levels need to be retested.

Despite the interim relief, FIIs are still selling big time on a daily basis, causing more damage to the market. . .

Reading Time : 3 Minutes

Don’t believe everything you see or hear

The world map, a familiar sight, yet often misunderstood in its true dimensions. Just as Asia spans 6400 kilometers and Africa stretches 7200 kilometers, reality can differ greatly from what’s portrayed on the surface. Similarly, corporate results often present an idealized version of reality, designed to showcase companies in the best light possible. Promoters strive to maintain investor confidence, often concealing challenges to buy time for resolution.

Despite the expectation of transparency, corporate results are often anything but.. . . . .

Reading Time : 2 Minutes

Beat the narrative!

Starbucks, Inc. has long been a staple in the market, but recent trends beg the question: is the narrative driving its stock price sustainable?

Despite only a modest 4% decline in same-store sales post the earnings release, the stock has plummeted from its $120 peak to a mere $74. In essence, investors find themselves in a predicament, stuck at a price point reminiscent of five years ago. . . . .

Reading Time : 2 Minutes