Formula One Group (FWONK: NASDAQ)

FWONK, the parent company of Liberty Media Corporation, has recently made waves in the sports and racing world with its latest announcement. The company has extended its agreement with ESPN to broadcast Formula One racing in Latin America and the Caribbean until 2025. This is a huge step in bringing the exhilarating sport to fans across the globe. And that’s not all – FWONK is also making strides in the U.S. market with the construction of the Las Vegas Grand Prix Paddock Building. 

As the company’s expansion continues, we can expect to see even more exciting developments in the future. And with the return of Ford Motor Company to F1 racing after a 20-year hiatus, the stars are aligning for FWONK. So long as the stock remains above $67.00-$68.00, there’s plenty of potential for investors to reap the rewards.

Advanced Micro Devices (AMD: NASDAQ)

After purchasing programmable chipmaker Xilinx for a staggering $49 billion, AMD is now making significant advancements in the technology sector. The company has been able to catch up in industries including gaming, client computing, and Epyc data centre chips thanks to this acquisition. The MI300 accelerator chips and the AI markets are expected to have strong growth in the second half of 2023, which has AMD’s executive team feeling particularly enthusiastic. 

On the weekly timeframe AMD just recently perfectly retested and already started to reject a major previous weekly structure zone at the $130 level.

You can also see that the next weekly support zone is at the $100-$105 area – we definitely do expect AMD to retest this support before we then do expect some bullish rejection and an overall continuation of the underlying uptrend.

STX/USDT

Recently, STX has done well, partly as a result of Bitcoin’s growth. The STX structure, which is based on the Bitcoin blockchain, is what causes the correlation. Therefore, as Bitcoin moves, STX tends to move with it.

Looking at the STX chart, it’s clear that the coin is nearing the point of breaking a significant long-term trend line dating from November 2021. If STX manages to breach this trend line, we anticipate a retest and then a potential target price of around $1.295.

BCH/USDT

Bitcoin Cash (BCH) has attracted significant interest recently. 

BCH has increased about 50% from its recent low and is currently facing a resistance level, as indicated on the chart. If this resistance is breached, BCH could readily rise to the $250 level.