Price is currently retesting support (previous resistance) Besides that, this retracement is forming a descending triangle, Let's wait for a break so we can have a better confirmation. Nonetheless, great setup if support (buying zone) holds
Technical Analysis and Outlook The present model shows two rebound stages completed with a newly developed significant Key Res 4703. The next destination is marked at Outer Index Rally 4775. The Mean Sup 4650 signified a high-quality buying point.
Online music paying users jumped 37.7% to 71.2 million from a year earlier, while the figure increased by 5 million from the prior quarter. The total revenue of Tencent music in the third quarter was CNY 7.81 billion, an increase of 3.0% over the same period. The net profit was CNY 1.06 billion, a decrease of about 35% over the same period. The financial...
If financials can pick up, keep an eye on PNC, nice flag from massive run, this has run to retest 217, then 220
Technical Analysis and Outlook: Bitcoin has been moving upwards since Nov 6th by breaking out from a Mean Sup 60,990 accumulation line. The target is Key Res 65,990 is completed as of Nov 8th with an extension to an All-time high of 67,016 and Inner Coin Rally 70,150. Two buy zones stand as Mean Sup 60,990 and mean Sup 58,450.
Technical Analysis and Outlook The present fractal model suggests that the next significant target of interest will be the Inner Index Rally marked at 4,775, along with the future Next Outer Index Rally 4,925. The Mean Sup 4,545 is high quality and significant buy point.
As mentioned in XLF idea, Financial charts looking bullish with a nice weekly box breakout. KRE regional banking etf : - Look for retest of box or possible sellers to step in for a push down to 8EMA green line - My bias and bull case - continuation , especially with the MACD bullish cross confluence. I'm long Dec 72c but can also form a spread with the Dec...
In the first half of 2021, BOE continued to rank first in the world in terms of display shipments in the five application areas of smartphones, tablets, notebook computers, monitors, and TVs. BOE released its Q3 earnings report for the period ended September 30, 2021, on October 28. · Operating income was CNY 56 billion, a 46.8% year-on-year increase. · Net...
The acquisition of Kerry Logistics assets reached CNY 200 billion. SF Holding released its Q3 earnings report for the period ended September 30, 2021, on October 28. · Operating income was CNY 47.5 billion, a 23.5% year-on-year increase. · Net income was CNY 1.0 billion, a 43.5% year-on-year decrease. · Gross margin decreased by 6.8%. · Completed 51.5% shares of...
Technical Analysis and Outlook Simply put, the Index is advancing to our designated Inner Index Rally target of $4650 as projected on Chart Analysis For October 23, 2021. A new buy zone is established at Mean Sup $4545.
Standard Bank is far from a “quality” company, and they arguably have several structural headwinds over the next several years. Nevertheless, the company seems to be trading at a discount. Standard bank suffered a +/- 55% reduction in their annual earnings per share from 2018 – 2020. This has resulted in the annual debt to EBITDA more than doubling from 2019 to...
Looks like we are at a higher high on the weekly and daily timeframes. Bank of America is a nice safe stock in my eyes. Although we are in a season where alot of shopping will go on, I can see this being bullish for banks and other holiday related tickers. Bank of America holds a high position in many prominent portfolios including my Uncle Buffet's. I want to see...
Financial Sector (XLF here but all financials looking primed to me) breaking out on the weekly here. Went long XLF and KRE (Regional Banking ETF) calls for December Blue skies gotta buy
Technical Analysis and Outlook: The Euro Dollar, intermediate uptrend price action, is stalled at the weak Mean Res marked 1.1648; the second Key Res 1.1740 is high merit and significant sell point. On the downside, there is a Mean Sup 1.1595 while the important Key Sup 1.1530 is sitting below.
Technical Analysis and Outlook: As to technical analysts, the next drive higher will meet the target of Key Res $65,990, and retest of completed Inner Coin Rally marked the same. The downside support is Mean Sup $57,400 and Key Sup $ 53,900. However, the present fractal model suggests that the next significant target of interest will be the Impending Outer Coin...
Technical Analysis and Outlook The next drive is the target of the Inner Index Rally $4,650. The possible retest of Mean Sup $4,485 is mid of conformation: Aggressive buying is preferred at this level unless otherwise specified. The present fractal model suggests that the next significant target of interest will be the Inner Index Rally marked at $4,650, along...
All analysis points indicate that Paypal (PYPL) could be a fantastic trade to the upside with the first price target being $253
I'm discussing a few reasons why PayPal could break to the downside of a bullish ascending triangle. Not clear yet though. Wait and see.