Currently trading between a couple past support lines. Currently riding on a new support after bouncing off the the lighter trend into the top resistance line. Looking for a break above the diagonal weve been trading down since last week for confirmation. Id expect resistance once at the 17.35 area, before a squeeze at the second retest. If we trail below our...
Looking for support on the longer term lower trend line above 61.31 Id look at the trend line above it for a new resistance area until a possible squeeze above 71.33 A tight stop would be 59.11 and lower stops would be 55.12 or 50.85 depending on your time frame. Watch for volume to pick up with a RSI on the up. I dont expect this to be a quick play and i...
Waiting for a breakdown. - GBPAUD forming a H&S Pattern - Lockdown news in Uk
lockdowns are coming soon. Of all the stay at home play I'm more confident with CHGG, due to its price right now. Bought $60.00 strike call. 4/16/2021 expiration date.
Lockdowns starting, schools going online next week, and best of all potential reverse head and shoulder movement forming? Zoom is on heavy watch for me for a short term movement. As a long term company, globalization will continue to push this household name higher NASDAQ:ZM
Oversold trend may be reversing. If Biden comes into office, potential for more near term lockdowns and continued work from home trends/companies to pick back up DYOR and place your bets...
As the UK goes back into lockdown, it's only natural large companies and corporations alongside the general public will start making use of zoom to stay in touch. Zoom is estimated to report earnings on 12/03/2020. Looking very bullish.
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With the recent lookdowns, I suspect the OPEC announcement will be overshadowed. The price has started to approach a major price zone and I don't see it holding. Remember, I am not your financial advisor.
Hey tradomaniacs, many countries in europe are facing the second lockdown of this year and I`ve seen panic all over the place in my town. Guess what.. I was in the supermarket and shelves were empty.. no TOILET-PAPER nor tissues. Beside the question "What the hell is wrong with you guys?" I`m wondering whether we see a continuation of this behaivor during the...
Natural Gas could continue in this bullish channel however, I would like to see it pull back into this support level before going long again. You need to remember Natural Gas is a seasonal commodity and generally around winter time is when it will be utilized to combine that with another potential lockdown here in the UK could see people stuck indoors for longer...
It's no secret that the CAD is going to be weak in the coming months. Why? The demand for the Canadian Dollar is linked to the demand for oil. As more countries face a surge in Covid19 cases, scrict lockdowns are in the books in order to slowdown the rise in cases. This implies lower demand for oil is going to fall as more people work from home. I'll be looking...
must hold 3150 or we revisit mid 2s again. covid2.0 coming, lockdown etc...
📍 GBPUSD is trying to correct on Thursday but the COVID-19 pandemic and Brexit put too much pressure. The British Pound remains weak against the USD on Thursday despite today’s slight attempts to correct. The current quote for the instrument is 1.275xx. The Pound remains under pressure from two very negative factors, the coronavirus, which is reviving in the...
More lockdowns will mean more work-from-home arrangements and more social distancing measures. Usage of video conferencing for work and for social purposes will continue to rise. Despite the recent weakness in Tech Stocks, Zoom Video is testing its all time highs again. With surging Covid-19 cases and the threat of lockdowns looming in various countries, this...
The price has clearly moved up from February this year. There is a strong correlation between the pandemic global issue and the increase in price. 2020 has been a game changer and we have noticed that the market went up before finding a strong resistance illustrated by the horizontal red line. Market price is still evolving along the main blue trending line,...
Will buyers protect the bottom of NZDUSD's channel? With New Zealand now entering lockdown again we anticipate NZD to show signs of weakness in the following weeks.