AMC Entertainment ( NYSE:AMC ), the nation's largest theater chain, is facing turbulent times once again as its shares plummet over 16% in response to a proposed stock sale of up to $250 million. The company cites a soft first-quarter box office and increased cash burn as reasons behind the move, leaving investors concerned about the chain's financial...
What an amazing week it has been! We executed a flawless trade setup, capturing over 700 pips, driving gold to impressive highs of 2236. Looking ahead to next week, I anticipate further upward momentum towards 2042, marking the top of its current channel. Expectations are for price to fluctuate between 2042 and 2030 before a decisive breakout. Currently, there's a...
Hut 8 Corp ( NASDAQ:HUT ), a prominent player in the cryptocurrency mining sector, has unveiled impressive financial results amidst the ongoing Bitcoin rally. The company's recent report reveals a substantial 32% surge in revenue over the last six months, reaching a commendable $60.6 million by the end of December 2023. This remarkable uptick in revenue is...
Thesis: Speculators were overly positive regarding NZD's prospects for raising rates. In the end, the RBNZ maintained rates and were dovish. On top of this, China stock market is at peak pessimism with a relief rally currently in play. This should affect both AUD and NZD currencies, but especially, AUD; hence, I am holding out that AUD will strengthen against...
✅AUD_CHF will soon retest a key support level of 0.5851 So I think that the pair will make a rebound And go up to retest the supply level above at 0.5894 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
MicroStrategy ( NASDAQ:MSTR ) finds itself in the crosshairs of investment firm Kerrisdale Capital, as the latter takes a bearish stance on the software company's stock. Kerrisdale's decision to short-sell NASDAQ:MSTR stems from concerns over the inflated valuation driven by its heavy investment in Bitcoin. As MicroStrategy's shares plummet by 11% in response,...
Since there was a big bullish rally for the recent month crypto market is in a starting of bearish trend, the first clue for bear run is given and the retest of the same is happened this bear run will be shorter than the last time. Entry point is between 6900-7000 and Take profit is at 5600-5700. This can be taken as a swing trade or day trade as ur wish.
NYSE:ALEX Alex price action has been on a tear for weeks and is currently printing a channel. Current Price: 0.38 Decision point! Will NYSE:ALEX continue to higher prices. Above Resistances:0.42, 0.48, 0.54, 0.60 Or is it time for Retracement? Bearish Divergence on the weekly timeframe. Supports: 0.30, 0.25 0.20 (Dip buying opportunities)
Waiting price to mitigate the supply before continue selling
GBP/JPY has been rising in a bearish Wedge pattern. Recently the pair broke above the upper boundary line and then reversed lower. It has since found temporary support at the Wedge’s upper edge. A cursory glance at the tea leaves suggest a risk of further weakness despite the uptrend remaining intact. GBP/JPY formed a Two Bar reversal pattern on the daily chart...
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.
Looking to short XAUEUR. Currently trading at the all time highs therefore counter moves are short term and not be taken as trying to find the reversal point in the market as this is zero sum game... Currently XAUUSD is also at all time highs near it's round number 2200 and Silver is currently subdued after rejecting the Intra Year highs of last week. Though I...
Looking to short GA, simply looking for end of day timing on the trendline, as well as being the end of the trading week today. May get some profit taking there. Recent break of the lows with a LL forming indicates there could be further to fall. Confluences: Trendline 3rd touch Profit taking and end of day reversal timing. Happy Easter and catch you later...
The EUR/USD pair fell for a second consecutive week, ending Friday just above the March low of 1.0796. The pair peaked at 1.0942 early on Thursday, in the aftermath of the Federal Reserve (Fed) monetary policy announcement, but turned south afterwards.
GBPAUD GBPAUD has been rangebound since the Middle of September but is attempting a break below the range today. We have had two previous attempts to break lower with a daily candle close below opening up a larger move to the downside. The next key support area rests around the 1.8500 handle which is 400-odd pips away. If price does fail to close below today it...
As seen here and previously posted DOGE got filled at Target! Congrats! Now we need to see clear close above that Level on Daily! Then we know the Big one Level!
Buy signal from supertrend. Green line really far away from the current price. Strong indicator of buying signal. Keep in mind most crypto depends on BTC. If the signal for BTC is strong to progress in an uptrend, then the signal for ATOM is also good. Not that cryptocurrency cannot succeed independent of BTC, it's not often and far and few between. I happened to...