Harmonic (HLIT:NASDAQ)

Charter Communications, the renowned broadband and Telecommunications Company, is taking its next-generation broadband network to the next level. In order to do so, the company has selected Harmonic as its partner to deploy CableOS virtual CMTS technology. Known for producing the world’s only vCMTS software deployed at scale, Harmonic’s software is also being used by Comcast. 

We too have high hopes for Harmonic and believe that its stock is poised for growth as long as it stays above $12.40-$12.80, with the potential to reach an upside target of $19.00-$20.00.

Wheaton Precious Metals (WPM:NYSE)

WPM, previously known as Silver Wheaton, is a mining company that focuses on precious metals streaming. The company’s portfolio includes agreements on 20 operating mines and 12 development projects, making it a significant player in the industry. What’s more, 93% of its production comes from assets in the lowest half of their respective cost curves, emphasizing the company’s cost-effective operations. 

Perhaps the most impressive component of WPM, however, is its commitment to returning capital back to shareholders, with a Payout Ratio of 40.57%. It’s no wonder we are bullish on WPM, especially if the stock remains above $41.00-$42.00, with an upside target of $74.00-$76.00.

BTC/USDT

The graphic shows that bitcoin rebounded off of its mid-range level.

We believe the price may rise to $30,000 one more time in order to take advantage of the liquidity cluster created by shorts who have placed their stop losses above the candles from the previous two weeks.

That would be an opportunity to exit the market, as prices will most likely break back into the range, and bitcoin will experience a deeper pullback to possibly even $25,000.

Ethereum/Bitcoin (ETH/BTC)

The weekly support line from March 2021 crosses at 0.063, where the ETH/BTC ratio has found support over the past two weeks.

If it maintains support, a pattern reversal might occur. If so, the ratio might even hit the weekly resistance line between 0.07 and 0.072, moving up to 0.068.

But if it breaks support, it could head to 0.06. That will be massively bullish for BTC, as it outperforms ETH.