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17 September 2021
21:57 hour

$ZKIN (Steel Manufacturer) after launching DEFI and NFT invested in Gambling. I See here x2 soon.

Reddit Stock Market

05/04/2021 - 16:28

  submitted by   /u/BreianaOlson [link]   [comments]


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  1. Cool review of all $ZKIN's projects (NFT, Gambling, DeFi). Why $ZKIN is the new APPL? (03/05/2021 - Reddit Stock Market)
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  2. Thinly traded, uncovered by analysts, ZK International makes its pivot to NFTs, Gambling, DeFi from Steel (12/04/2021 - Reddit Stock Market)
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  3. DeFi Technologies Updates Venture Portfolio for Shareholders - 255% ROI In 6 Months (06/07/2021 - Reddit Stock Market)
    NEO: DEFI GR: RMJR OTC: DEFTF DeFi Technologies Inc. is pleased to present an update on it's DeFi Venture portfolio. Part of DeFi Technologies' mission is to drive investments into decentralized finance and incubate new projects to further develop groundbreaking protocols that will continue to fundamentally reshape the global financial system. Over the course of six months DeFi Technologies Inc. has invested US$477,500 into respective DeFi portfolio projects with a current value of US$1,693,324 (255% return) Sovryn Saffron Finance Earnity Luxor Technologies Volmex "It's been very exciting to see the projects DeFi Technologies has invested in as a part of our DeFi Venture offering be amongst the leaders in a rapidly growing DeFi ecosystem," said Wouter Witvoet, CEO of DeFi Technologies. "We aren't just investing in the technologies behind the projects but the leadership and teams behind them as well." Find the full release here at: https://ca.finance.yahoo.com/news/defi-technologies-updates-venture-portfolio-113000297.html ​ Stay safe, this is not financial advice!!   submitted by   /u/GeneGriffingy2 [link]   [comments]
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  4. Is ZK INTERNATIONAL GROUP ORD (ZKIN) a Good Buy in the Steel Industry? Spoiler: YES. (31/03/2021 - Reddit Stock Market)
      submitted by   /u/BreianaOlson [link]   [comments]
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  5. These numbers prove just how vibrant the ZK International Group Co., Ltd. (NASDAQ:ZKIN) stock has been $ZKIN (07/04/2021 - Reddit Stock Market)
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  6. Buy ZKIN now... (26/08/2021 - Reddit Stocks)
    $ZKIN announced their NFT marketplace launch together with Maxim Magazine. Good opportunity to buy now $ZKIN... it is potentially x2 very soon... ZKIN has formed a wholly owned subsidiary, xSigma Collectibles Limited ("xSigma"), and entered into a partnership agreement with Maxim (https://www.maxim.com) to launch MaximNFT.com, the exclusive NFT (Non-Fungible Token) Marketplace of the iconic men's lifestyle brand. Under the terms of the agreement, xSigma's world-class developers and NFT designers will operate the NFT platform, which will be endorsed and promoted by Maxim.com across its digital, social and publishing assets. Additionally, MaximNFT will be the exclusive seller of Maxim.com's own NFTs. Huge catalyst.   submitted by   /u/BreianaOlson [link]   [comments]
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  7. Nucor to buy steel racking manufacturer Hannibal in $370M deal (20/07/2021 - Seeking Alpha)

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  8. ZKIN 15m Outlook (18/03/2021 - Reddit Stocks)
    Since the last outlook the price of ZKIN stock has decreased by 5% in value as it's currently traded slightly above $9 area. Although we've expected the gains to be extended furthermore, ZKIN wasn't able to close above key resistance at $10, which led to a correction. ZKIN is currently correcting, but it seems like the price has bottomed at $8.60 from where the price may uptrend again. Such correction is a good thing, as if the gains were extended to $11 area, a deeper correction would be seen, possibly scaring off more stock holders. MACD is currently in a selling wave while the bearish momentum is faltering for a while. RSI bottomed at 40, found support at key level and haven't led bearish momentum into action. Overall trend remains an uptrend as the price is located above 50 EMA which is located at $9.07. A break above 20 EMA at $9.27 may resume the strong uptrend again. Soon we'll look at daily time frame with a technical update to see where the overall trend is headed towards.   submitted by   /u/BreianaOlson [link]   [comments]
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  9. Eyes on ZKIN (01/03/2021 - Reddit Stock Market)
    One share of ZKIN now costs $7.44 with a -3,8% decrease since the last outlook. https://preview.redd.it/sduo9jz2jgk61.jpg?width=1280&format=pjpg&auto=webp&s=cf482f2562bfcd7188f3117450d61fc3d5841d5f The short term strong uptrend continues as the price of ZKIN remains above 20 EMA and confirmed the key resistance at $7.30 as support. The 20 EMA support is now located at this key resistance, that is now acting as a support, at $7.30. MACD is currently in a third buying wave, but as we've said earlier three buying waves are usually it and now a corrective is expected as histogram is about to show a first selling tick. RSI is about to fall below 60, losing the bullish momentum. Current support is located at $7.30 and resistance is located at $7.80.   submitted by   /u/BreianaOlson [link]   [comments]
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  10. $ZKIN is Ready for Next Rebound After Finding Bottom (12/05/2021 - Reddit Stock Market)
    ZK International (ZKIN) has an exciting value proposition for growth investors. The company’s investment in Sportsbook platform MaximBet could start paying off soon while its NFT platform’s launch is just around the corner. This keeps the long-term outlook compelling. In the short term, traders will be looking to pounce on the next rebound following the recent slide. The stock appears to have found a strong bottom around the $4.70 level in the 15-min chart. It also appears to be trading just above the oversold levels of the 14-period RSI. This puts ZKIN stock in a strong position for a rebound. The bulls will be targeting intraday profits at around $5.02 or higher at $5.40.   submitted by   /u/imphare [link]   [comments]
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  11. ZKIN 15m Outlook (19/05/2021 - Reddit Stock Market)
    Since the last outlook the price of ZKIN has failed to impress as it has dropped by 8%. As the price of ZKIN failed to found support at $4.80, while being pushed down by a downtrend line, the price broke to the downside. The price immediately dipped to good known support at $4.50, from where it has bounce back above $4.80, however these gains failed to sustain above $4.80. As the bounce got denied, the price of ZKIN continued to fall and went for a test of support at $4.50. It has found some decent support at this level, but with continuous tests of this level, it has eventually led to a breakdown on which we are currently looking at. So where is the price headed? As of where the price stands right now, it's located on a trend line support so it should move higher from here. Speaking about support, current support is located at $4.30, where ZKIN has to find support in order to not fall any lower. Makes sense doesn't it. Let indicators help us. RSI suggests a slight bullish divergence, but it's about to break below 40, pushing bearish momentum to play. MACD wave indicator says that we are currently in the second long selling wave. These waves are pretty overextended and we look for a corrective buying wave to ride the price to at least to $4.80 soon. Unfortunately the overall short term trend has changed into a downtrend as the 20 EMA crossed below the 50 one.   submitted by   /u/imphare [link]   [comments]
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  12. Gambling on top of gambling on top of gambling. (Use the app, all in $DKNG, add in some derivatives) Anybody else here for the rush? (25/07/2021 - Reddit Stock Market)
      submitted by   /u/johndicks80 [link]   [comments]
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  13. JSW Steel to pump in over Rs 25,000 crore to ramp up capacity to 37 MT (30/06/2021 - Financial Express)
    The company, which sold nearly 15 MT of steel in FY21, claimed to have invested Rs 48,000 crore in the past three years for augmenting its production capacity to nearly 28 MT, company officials said.
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  14. India’s finished steel production to decline 10% this fiscal (25/02/2021 - Financial Express)
    But certain decisions have opened the floodgates for stainless steel material to come in from China and Indonesia posing a huge challenge to the Indian steel industry, Vijay Sharma, director, Jindal Steel, said.
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  15. Large steel players made gains in FY21 (14/06/2021 - Financial Express)
    Large steel makers also benefited more from the rally in steel prices, given the dominance of flat steel in their portfolio.
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  16. DeFi Technologies Announces the Appointment of Russell Starr as Executive Chairman (20/07/2021 - Reddit Stock Market)
    NEO: DEFI GR: RMJR OTC: DEFTF DeFi Technologies Inc. announces that it has appointed Russell Starr as Executive Chairman. Mr. Starr, who was serving as the Head of Capital Markets for DeFi Technologies is an established CEO, entrepreneur and financier with deep capital markets and industry expertise. A trusted leader and advisor focused on forging meaningful, high stakes, high return business development connections. Mr. Starr is also a co-founder and part owner of Echelon Wealth Partners, a large Canadian investment dealer. After leaving Bay Street, Mr. Starr has held executive positions and board roles with numerous TSX and TSXV listed companies. Wouter Witvoek, CEO of DeFi Technologies commented "We are extremely fortunate to add Russell as the Executive Chairman at DeFi Technologies. His wealth of knowledge on capital markets and understated leadership will help guide our long-term strategic vision as DeFi Technologies continues to shape the industry." Find the full release here at: https://finance.yahoo.com/news/defi-technologies-announces-appointment-russell-113000290.html ​ This is not financial advice!!   submitted by   /u/GeneGriffingy2 [link]   [comments]
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  17. $ZKIN to the moon? $6.45 per share? (21/04/2021 - Reddit Stock Market)
    ZKIN 15m Outlook Since the last outlook the price of ZKIN has grew by 3% as one share is being traded for $5.44. A lot has happened since the last outlook. In the last outlook we've expected to the price of ZKIN to continue move higher, correct to the upside. As the gains were capped at $5.32, the price failed to attract selling pressure and waiting, sideways game has begun. What happened after is called a long/shorts liquidation move, or a stop loss hunt for those who trade ZKIN. Losses were capped at $4.87, so we may say we have a double bottom bullish pattern. Luckily for the bulls the price has then returned to previous levels. The first try to break above $5.40 was unsuccessful and a bearish momentum has arrived. The gains were then capped at $5.76 and we may speak about this move as a test of $5.80, a strong resistance. As the price stands now, it's key to confirm previous resistance at $5.40 as a support. The overall trend has changed into a strong uptrend. RSI shows an uptrend, but bullish momentum is not active. MACD is about to test a breakdown to a corrective, selling wave. Overall we remain bullish and we look for a test to $5.80 As of writing this analysis, the price has tested $5.80 and a break above it will result in extended gains to $6, while break of $6 can lead to further gains to $6.50 area.   submitted by   /u/BreianaOlson [link]   [comments]
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  18. The Conversation: What is decentralized finance? An expert on bitcoins and blockchains explains the risks and rewards of DeFi (13/08/2021 - Market Watch)
    DeFi could be cheaper, more inclusive and more innovative than traditional banking, but it comes with a host of risks that developers and regulators will need to address before it can go mainstream.
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  19. DeFi Technologies to acquire DeFi Yield Technologies in stock deal (09/08/2021 - Seeking Alpha)

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  20. JSW Steel pays Rs 19,350 cr to financial creditors of Bhushan Power & Steel (26/03/2021 - Financial Express)
    JSW Steel further said a sum of Rs 8,614 crore was arranged in Piombino Steel Ltd, a wholly-owned subsidiary of the company, through a mix of equity, optionally convertible instruments, issued to the company and JSW Shipping & Logistics Pvt Ltd, and debt.
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  21. : SEC’s Peirce warns regulator is ‘struggling’ with how to approach DeFi (19/08/2021 - Market Watch)
    The burgeoning world of decentralized finance or DeFi is home to some of the hottest markets in the crypto sphere, and financial regulators have been eager to let the public know they are watching these spaces closely for fraud and other violations of securities laws.
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  22. Upsides of price increase in steel to reflect in subsequent quarters: Koushik Chatterjee, CFO, Tata Steel (16/08/2021 - Financial Express)
    In many ways it is already visible through the transformation programme and will get more accelerated once the separation of Tata Steel Netherlands and Tata Steel UK happens in the third quarter of this financial year.
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  23. ZKIN 15m Outlook (16/03/2021 - Reddit Stock Market)
    Since the last outlook the price of ZKIN fell 15% in value as one ZKIN is share being traded at $7.40 area. After the price of ZKIN haven't been able to break above $8.80, the price broke below $8.40 which led to extended losses to $7.80. Then the price tried to get back into the $8.40 - $9.00 area, but the gains were capped at $8.50 where a pivot was created. After this denial the price broke below $7.80 which led to extended losses to $7.30 area. The price has dipped below $7.30 level all the way to $6.90 where losses were capped and dip was bought. As dips still continue to attract buyers this oversold dip was bought and the price is currently testing the previous support, which acts as a resistance now at $7.80 per share. A break above $7.80 will lead to extended gains to $8.40. A break below $7.20 will lead to extended losses to $6.70. The price has to break above $7.80 shortly in order to change the short term trend into an uptrend as EMA's started to point towards a downtrend. RSI has bounced from the oversold zone below 40, but is again on thin ice as it's holding at 40 level. MACD is in a second strong selling wave and is testing a change into a buy signal. However a third selling wave can still be seen. Such correction as we seeing now could have been expected as yesterday ZKIN saw strong gains. What is important that the daily trend now consists of higher lows. ​ ​ https://preview.redd.it/onyt6wniyen61.jpg?width=1280&format=pjpg&auto=webp&s=991a114f0a427e4b67d7a560f9d43cbc583532d8   submitted by   /u/BreianaOlson [link]   [comments]
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  24. Tata Steel, other steel shares ratings cut; Credit Suisse’s revised target prices still show upside (27/05/2021 - Financial Express)
    Credit Suisse has sharply downgraded ratings and target prices on shares of Tata Steel, Jindal Steel & Power, and JSW Steel, saying that the domestic steel sector’s risk-reward is now becoming unfavourable.
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  25. ZKIN 15m Outlook (30/03/2021 - Reddit Stock Market)
    The price of ZKIN has lost few percents of it's value since the last outlook, as it's currently being traded slightly below $10 per share. Yesterday's bullish divergence failed to find support at $10, and as a result of RSI falling below 40, a bearish momentum arrived. This bearish momentum was quickly capped as this dip atrracted buyers and the selloff was capped at $9.35 per share. Unfortunately the gains weren't able to test resistance at $11 as they got capped at next pivot at $10.58, from where the bullish momentum has stalled. As of right now, the price of ZKIN keeps falling, possibly looking for another sharper dip to the downside, that is most likely getting bought and a retest of $10.58 would follow. Yet, the local low at $9.58 could have been the bottom, but there is no technical aspect to back it. RSI is the one what concerns us about the price seeing extended losses as it's below 40, meaning bearish momentum is still present. A break back above $10 will get rid of the bearish momentum. MACD is currently in a second selling wave while the selling pressure keeps increasing, as it haven't found peak yet. The overall short term trend has turned into a downtrend as the EMA's are signaling. As of writing this Outlook, the price of ZKIN has confirmed the bottom at $9.58 with a break above $10. This has also vanished the bearish momentum as RSI is back above 40. As of right now, a move to pivot high at $10.60 is expected.   submitted by   /u/BreianaOlson [link]   [comments]
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  26. $ZKIN. Another one to the moon? (22/04/2021 - Reddit Stock Market)
    Since the last 15m outlook the price of ZKIN grew by almost 5% as it's currently valued above strong resistance at $5.40. What has happened since the last outlook? As we've expected, the price first of all seen a dip that has attracted buying pressure. This is now pretty common in ZKIN price action. The buying pressure from the dip has created a bullish pattern called a bull flag which has managed to broke above $5.40. Break above $5.40 led quickly to extended gains which retested the key resistance at $5.80 twice before giving up. As the gains were capped at $5.80, the price failed to break above the key resistance which has led to a deeper correction with low at $5.21. What's important is that this dip was bought into and the price is back above $5.40, which is important for the price to hold above in order to remain in short term uptrend. As the dip was bought, we are looking for another test of $5.80, a break of this level could lead to some serious gains. Indicators. As we've said, the price of ZKIN is currently in overall short term uptrend. RSI is neutral level meaning no momentum is present, but in overall uptrend. MACD is pointing towards a corrective wave which losses are starting to falter. Oh, and one more thing. From the first look at the chart, we've immediately spotted one important aspect about the chart that we will interpret on a higher time frame so stay tuned.   submitted by   /u/BreianaOlson [link]   [comments]
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  27. Looking for a fund that is basically the s&p 500 or ftse 250- (weapons, gambling, alcohol )? (17/05/2021 - Reddit Stocks)
    I am currently looking or a fund for very long term safe investment. But after some thoughts due to personal ethics i have decided that i don't to invest in companies that make and sell weapons, involved in gambling or the sale of alcohol. So i'm asking if you have any ideas on what can be a good index fund or etf that can meet these requirements. It seems as if the only ones i can find that meet my ethical requirements also exclude a lot companies i would like to be invested in.   submitted by   /u/Fiyono [link]   [comments]
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  28. ZKIN 15m Outlook (14/04/2021 - Reddit Stock Market)
    Since the last outlook the price of ZKIN has gained almost 7% in value as it's being traded back above $7 per share. A first bull signs start to show up as volume has increased sharply today. We've already had the same amount of trades today by now, that we had yesterday! A volume spike led to a price spike to $8 per share. A strong buying demand has arrived as the price broke above $7.00 and change the overall trend to uptrend. The price failed to hold at $8 which would be expected from such sharp move from a downtrend, but it has managed to find a support at 20 and 50 EMA's, which means that the 15m uptrend is likely to begin! This will lead the long almost 6 days long 15 minute downtrend which made the price of ZKIN very oversold. Same as before. This is no more any early optimism, but it seems like another uptrend as we've expected is forming. The key support is located at $7.00, where the EMA's are located. A break below this support would lead to a prolonged downtrend, which ZKIN's price can't really handle in order to remain in overall uptrend. Maybe one more dip, but it's unlikely. RSI continues to see some bullish pressure as it's in a trend of higher highs and lows. A break above 60 as you may know by now, will bring bullish momentum, pushing the price back to $8 area possibly. MACD is in a buying wave with no further plans, that she would like to tell us on this time frame. Overall trend has changed into an uptrend! We now expect, based on our continuous analyses and outlooks, the price of ZKIN from now on to move higher, in a trend of higher highs and higher lows.   submitted by   /u/BreianaOlson [link]   [comments]
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  29. Cleveland-Cliffs, Steel Dynamics top steel picks at JPM; U.S. Steel a Sell (16/06/2021 - Seeking Alpha)

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  30. Steel industry hoping for steady growth in 2021 (23/04/2021 - Financial Express)
    It is interesting to note that developed countries, where steel consumption was set to reach a near plateau level, would together demand 8.2% more steel in 2021, while emerging economies excluding China is likely to clock a growth of 10.2% in steel demand.
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  31. JSW Steel’s arm signs agreement with Allegheny Technologies for conversion of carbon steel slabs (04/05/2021 - Money Works 4 Me)
    As per the terms of the agreement, ATI is expected to hot-roll a significant percentage of carbon steel slabs produced by JSW Steel USA
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  32. Steel makers seen stepping up capex, says Crisil (07/07/2021 - Financial Express)
    “A sharp increase in the prices of steel will lift the operating margin of primary steel manufacturers by 500 bps to 32-33% this fiscal on-year,” Crisil said, adding that despite capex ramp-up, stronger balance sheets will support positive credit outlook for the steel makers.
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  33. Is DraftKing, a Big Buy The Dip Moment (21/05/2021 - Reddit Stocks)
    In the recent wall street riot, DKNG has pulled by 40% from the high of March. On closely looking at financial report and stock analysis : Gambling sector growth forecast: CAGR of 11.5% from 2020 to 2027. Execution of DKNG: EPS went from -3.26(Y'19) to -1(Y'21). Q1 report: Raised its 2021 revenue target to USD1bn from its previous target of USD750mn. More and more US States allowing to online gambling license to tap source of tax revenue. It seems like big opportunity to buy it. Disclosure: Had invested USD2000 till this date.   submitted by   /u/kkchaurasia13 [link]   [comments]
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  34. Earnings Results: Wynn to take online-gambling arm public with help of a SPAC (10/05/2021 - Market Watch)
    Wynn Resorts Ltd. is spinning off its online-gambling attempt as the casino company seeks to break into more states that are legalizing sports gambling and other online options.
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  35. Earnings Results: Wynn to take online-gambling arm public with help of a SPAC (10/05/2021 - Market Watch)
    Wynn Resorts Ltd. is spinning off its online-gambling attempt as the casino company seeks to break into more states that are legalizing sports gambling and other online options.
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  36. Road developers allowed to use steel produced by secondary steel makers (14/02/2021 - Financial Express)
    While Gadkari took the matter to the Prime Minister seeking his intervention, steel firms justified the price hike to rising prices of iron ore.
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  37. JSW Steel’s crude steel output jumps to 13.71 LT in April (11/05/2021 - Financial Express)
    JSW Steel on Tuesday said its crude steel output jumped over two-fold to 13.71 lakh tonne (LT) during April 2021.
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  38. Tata Steel starts using electric vehicle to transport finished steel at Jamshedpur (09/09/2021 - Money Works 4 Me)
    As part of its commitment to sustainability, the private steel major has now extended the facility in Jamshedpur
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  39. Steel output up sequentially in July (23/08/2021 - Financial Express)
    Production of crude and finished steel in the month was up 11.9% y-o-y and 10.6% y-o-y, respectively, while consumption of finished steel grew by 7.3% y-o-y.
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  40. Square is building a decentralized finance business using bitcoin (17/07/2021 - Reddit Stock Market)
    Square is building a decentralized finance business using bitcoin (cnbc.com) PUBLISHED FRI, JUL 16 2021 8:49 AM EDT UPDATED FRI, JUL 16 2021 12:19 PM EDT Tanaya [email protected] KEY POINTS Square is creating a new business dedicated to “decentralized finance,” or DeFi, applications for bitcoin. DeFi applications rely on smart contracts rather than banks or other third parties to execute transactions. In this article SQ-0.09 (-0.04%) Payments company Square is launching a business dedicated to “decentralized financial services” using bitcoin. Square CEO and bitcoin bull Jack Dorsey said on Twitter late Thursday that the company is “focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.” The new unit will include the Seller, Cash App and recently acquired Tidal businesses. Decentralized finance, or DeFi, applications are those that don’t rely on centralized authorities like banks, but instead use blockchain-based smart contracts to execute transactions. Most are being built on the Ethereum blockchain. DeFi applications allow for financial transactions that are more easily accessible, efficient and relatively low cost. They’ve also been highly attractive to yield seekers who can generate returns between about 15% and 30% by participating in the DeFi ecosystem – by “locking” capital in smart contracts. “DeFi platforms function similarly to traditional banks and financial services companies and could pose a disruption risk in the coming years,” Needham’s John Todaro said in a recent report focused on the DeFi opportunity. “In the current yield starved environment, there has been an increased demand for DeFi platforms which offer significantly higher yields than traditional financial products.” But like cryptocurrency activity broadly, DeFi comes with many different kinds of risks, including regulation, asset volatility and the technology itself. Because there aren’t banks or other third-party companies facilitating transactions, there’s no insurance on funds that could potentially get lost. Cryptocurrencies are volatile, which means assets put up as collateral could quickly decline in value if there’s a downturn, which could lead to positions being liquidated. And there could be errors in the original smart contract code. The current estimated value of funds locked into DeFi-related contracts is $55.21 billion, according to DeFi Pulse. Dorsey said the team is committed to building in a transparent way that includes an “open roadmap, open development, and open source.” Mike Brock, who leads strategic initiatives within Square’s consumer product Cash App, will lead the new business. “Technology has always been a story of decentralization,” he said in a follow-up tweet. “From the printing press, to the internet to bitcoin – technology has the power to distribute power to the masses and unleash human potential for good, and I’m convinced this is the next step.”   submitted by   /u/SavannahSmiles_ [link]   [comments]
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  41. Cabinet nod: Specialty steel PLI caps group benefit at Rs 200 crore/year (23/07/2021 - Financial Express)
    Eligible manufacturers will have to ensure that the steel used for making specialty steel is ‘melted and poured’ in the country, thereby ensuring end-to-end manufacturing.
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  42. ZKIN Daily update. Move to the gambling. (24/03/2021 - Reddit Stock Market)
    The formation of, xSigma Entertainment was created to acquire assets that will increase shareholder value by targeting businesses that are in growth industries, that have the ability to grow in scale, and that will allow the Company and its shareholders to realize additional growth alongside its existing core business. When we look at the price on the daily chart, where one candlesticks represents one day of a price action, the trend is clearly a strong uptrend as the price on average has been increasing 15 trading days in a row! This trend however has to break at some point and see a deeper correction as before, possibly forming another bullish formation, a good spot to potentially buy some more ZKIN shares. When a possible correction occurs, it's forecasted to test 50 EMA, which is located at $6.50 currently! But of course it will not drop so low even if the correction starts today as the EMA is rising dynamically. But is such correction on the horizon? In the last bull run to $12.80, the average volume was less than 2 millions shares traded daily. In this run, the volume is almost 5x that as today's average volume is more than 9 millions shares traded! MACD is showing no signs of slowing down as the bullish momentum continues to extend. But RSI is pointing towards a bearish divergence as the price is currently clearly making a new higher high while RSI is making a lower highs, so I would be aware of possible correction. But do not worry as such correction is nothing unusual in a healthy price growth.   submitted by   /u/BreianaOlson [link]   [comments]
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  43. Tata Steel profit soars to Rs 9,768 crore as steel prices rally (13/08/2021 - Financial Express)
    Steel production was impacted by the supply of liquid medical oxygen to hospitals, leading to a moderate decline of 1.7% sequentially to 7.88 million tonne. However, coming from a low base of last year, it was up a good 42% y-o-y.
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  44. Govt eases steel usage curb for highway construction; allows using steel produced by secondary steelmakers (16/02/2021 - Financial Express)
    The minister's concerns were partly addressed in the Union Budget for 2021-22, in which import of steel was made easier by lowering customs duty on a range of items and granting duty exemption on import of steel scrap, utilized by secondary steelmakers.
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  45. Crypto craze: DeFi adoption in India sixth highest globally, says Chainalysis (26/08/2021 - Financial Express)
    According to Chainalysis, the data suggested that while grassroots cryptocurrency adoption generally is highest in emerging markets, DeFi adoption is strongest in high-income countries that already had substantial cryptocurrency usage, especially amongst traders and institutional investors.
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  46. The price of ZKIN has grew by impressive 24% in value! (26/04/2021 - Reddit Stock Market)
    And ZKIN is back at it as since the last outlook the price of ZKIN has grew by impressive 24% in value! ZKIN was on very thin ice few days ago, but it has managed to to find buying support as we've expected for a while. Let's not get too optimistic as this is only an oversold bounce and we have no confirmation yet of this going higher. Still, we think that the inverted head and shoulders pattern on 2h time frame is saying one thing - "This is an oversold correction indeed, but I look for trend to stay an uptrend from now on." About the price action on 15m time frame. a) Last time we've said that the price is headed to $6 area where a resistance will be found. b) And the price broke to $6.08 and has formed an ascending triangle breakout formation that has broken up to the upside today. c) The price broke out to $6.52, from where a mild correction to $6.15 was seen. As the price found support on 20 EMA, strong uptrend has remained strong and continued breaking into a new local high at $7.04 per share! As the price stands now, current support is at $6.70 while resistance is at $7 and $7.30. RSI is calling for a correction as yes, bullish momentum is present but the price has created a new high, while RSI created lower high. MACD is in a strong buying wave with gains keeping on increasing. Overall short term trend is a strong uptrend as the price is riding highly above 20 EMA. Based on this short term outlook, we look for a correction to 20 EMA at $6.40 before any more upside as RSI is suggesting.   submitted by   /u/BreianaOlson [link]   [comments]
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  47. : Walmart to launch lower-priced insulin (29/06/2021 - Market Watch)
    Walmart Inc. said Tuesday it is launching a lower priced brand of insulin because it is working directly with the manufacturer, Novo Nordisk.
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  48. ZKIN 15m Outlook (22/03/2021 - Reddit Stocks)
    Since the last 15m Outlook, the price of ZKIN has grew by 11,4% as the is being traded in the middle of $13 of $12 area. In the last Outlook, we've expected a move to $10, which got rejected as the price found support really high at $10.63. After that, a strong resistance was found at $11.40, the price dipped again to $10.65 and $10.71, which created a clear trend of lower highs looking just on the pivots, a bullish sign. The breakdown to $10.71 led to buyers to come in as this is how ZKIN does the run ups. First of all it dips, then see a run to the upside. So the dip to $10.71 resulted in a 25.4% increase almost within an hour as the gains were capped at $13.43 per share. Currently the price has found support at $12 per share and again trends higher. A break of $13 will bring bullish momentum to at least to the local top at $13.43. A break of this bespoke top at $13.43 can lead to extended gains above $14 area easily, a break of $13.50 would be needed as a confirmation. As of writing this analysis, the price of ZKIN retested 20 EMA, and is now looking for a test of $13 to happen next. The price action seems to be printing a bull flag, which is a bullish continuation pattern with target above $14 area. MACD is currently in a second buying wave and as we know, usually three buying waves occur in a strong uptrend. An update, MACD has turned into a selling wave, but we have 15m of price action ahead of us that can change this forecast. Overall trend is a strong uptrend as the price just found again support on 20 EMA. RSI however is not giving any bearish divergences, but is about to break below 60, which would result in lack of bullish momentum. We wait 2 more minutes to see the next 15m close.. The RSI closed below 60, and we are now looking for a correction to 50 EMA at $11.40. We look for a correction to $11.40   submitted by   /u/BreianaOlson [link]   [comments]
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  49. $ZKIN 15m Outlook. Time for $9 per share? (17/03/2021 - Reddit Stock Market)
    Since the last outlook the price of ZKIN has rise over 12% in value as it's currently being traded under $8.30 per share. Yesterday attempt to move higher failed as it was capped at $7.50 three times in a row, resulting in a triple top. Fortunately this triple top was canceled as the price found support at the pivot support at $6.75, which has resulted in a double bottom formation. Dip to this level attracted a lot of buying pressure and so far has resulted in almost 30% price increase in under few hours. (from $6.75 to $8.74) The break of $7.30 led to a stronger buying momentum. To see similar volume soon, the price of ZKIN would need to break above $9.00 per share, which is not impossible just not likely as much to happen in this run. A more realistic would be a test of this bespoken resistance at $9.00 and then retest of $8.40. As the price stands now, is currently in area from $7.80 to $8.40. Indicators. RSI is strongly bullish as its highly above 60 resulting in bullish momentum still being present and has a lot of room for correction before losing this momentum. MACD is in a strong buying wave and the bullish momentum keeps increasing, however it can be capped soon as statistics suggests. The short term trend has turned into an strong uptrend as 20 EMA broke above the 50 one.   submitted by   /u/BreianaOlson [link]   [comments]
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