We know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates. Stockmarkets are surging. No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical...
#Microsoft is holding above daily 50SMA. Needs to get over $170 to start uptrend
Hi Guys, long time since the last time. I hope you are all well and fine. Let's dive into it! March 23 - FED announced it would buy bonds in unlimited numbers and backstop direct loans to companies, the latest in a series of policy steps taken over the past 10 days to calm markets and support the economy. (www.reuters.com) SPX bounced at 2200 (red dotted line)...
After hitting for two weeks, $SPX broke out 200SMA this week. #Fibonacci numbers work very well. It is just below 0.5 and next target will be 0.68 which is 2935.
#Doublebottom is forming for #Carnival if it holds above $19.14
The S&P500 is reaching a resistance area and showed a sell off yesterday. However the 50% level has not quite been reached and could still be in play with another pull up. Downside potential is favorable at the moment therefore I am looking for reversing signals
Don’t know what good news we’ll have but it’ll be short lived imo
The cybersecurity stock, #FORTINET gained an average of 6.1% in April the past five years. After descent move since 20th March, now it is correcting. #RSI is weak, seems double top is formed. Watch for supports and resistances
#ACMResearch is ready to break out. $30.09 is critical resistance to overcome and. #RSI is about break down trendline.
Digital Realty Trust is also closely tied to the cloud-computing phenomenon. The real estate company runs data centers. Given how many workers are telecommuting, demand for communications service is strong. RSI is still weak and negative divergence now. It may pull back
The company has made great strides rooting itself in the world for established territory but the energy is exhausted plus with the worlds current pandemic influencing the economic flow, Bezos has no choice but to sell more in order to innovate and keep the business afloat. More automation will be added to the company as a whole taking away the human element a...
Johnson § Johnson is one of the companies working on coronavirus treatments§vaccines. They need to develop one otherwise as technically monthly looks very ugly
Rsi just broke and tested back the trendline. It is holding above weekly 200MA for second week. watch to break above $55.93
*Falling rate might slowdown but the stability of market takes least 5 months to make optimistic move. *As 8000 level as a strong resistance,we can expect a short fall from here which might be slow based on upcoming stimulus. *SL=8600 AND TP=6100.
Strong probability of Slack to continue moving higher: 1. Technical indicators are bullish and rising, 2. Price is above the two moving averages and acts as support levels. 3. Corona Virus, people working from home and using Slack.