Advanced Micro Devices (AMD: NASDAQ)

AMD is making great strides in the tech industry, emerging from a massive $49 billion acquisition of Xilinx, a programmable chipmaker. This acquisition has allowed the company to catch up in fields such as gaming, client computing, and Epyc data center chips. The management team at AMD is feeling particularly optimistic about the second half of 2023, with their MI300 accelerator chips and AI markets predicted to experience significant growth. 

AMD’s continued investment into data centers has proven to be highly profitable, with revenue from this operation increasing by an impressive 64% in the past year. For investors, as long as the stock remains above $81.00-$82.00, there is a great deal of potential for upside, with an expected target of $140.00-$145.00. All in all, AMD’s trajectory is looking highly promising, and it is a company that investors should keep a close eye on.

MINISO Group Holding (MNSO: NYSE)

MNSO, a company with over 5,000 stores worldwide, has become a standout performer in its industry. With a majority of its stores located in China, MNSO was able to successfully navigate the country’s zero-covid policy, outperforming its competitors. The company’s strong international presence has also contributed to a rise in overseas revenue, particularly in its highly successful Top Toy business. 

In addition, MNSO’s franchise business model has enabled rapid expansion, with the opening of 425 stores and 37 Top Toy locations in the past year alone. With gross margins increasing from 27.4% to 35.7% in the same time frame, it is no surprise that we are confident in MNSO’s future potential. Our bullish outlook on the company puts its target price at an impressive $24.00-$25.00.

THETA/USDT

The region between $0.84 and $0.88 has been acting as support for THETA’s price over the past week. This level was also used as support in mid-March before the price turned upward. The possibility exists that THETA will follow bitcoin’s weekend trend reversal back to the upside, possibly testing the next significant resistance level between $0.96 and $1.02.

The price may move towards the next resistance area, between $1.10 and $1.13, if THETA is able to successfully break over this barrier. Notably, the daily descending resistance line that dates back to August of last year is also located in this region and is expected to act as additional resistance.

KAVA/USDT

The price of KAVA is currently getting close to an important resistance level!

Particularly in view of the approaching Kava 13 release event expected for midweek, we need to keep a close eye out for a potential rejection around the $1.09 to $1.14 level. Over the past five months, a lot of altcoins have been trading in a range. There is a chance for a short trade if KAVA gets closer to the mid-range level, especially given that the Relative Strength Index (RSI) is getting close to overextension.

The price might challenge the range high, though, if KAVA is able to break over the mid-range level.