Johnson Matthey's latest report on the platinum market reveals an impending supply deficit not seen in a decade, despite some expected declines in vehicle production. The shortfall, exceeding 600,000 ounces, is driven by sustained demand across industries like automotive and industrial applications, particularly in China. Key Points: - **Supply Shortfall**: The...
VRTX bouncing nicely off recent lows and has broken downtrend. Final confirmation would be a daily close over 421.50. Looking to enter a starter position and will add on a retest of the daily 48.
NYSE:SHOP dip is approaching our targeting bounce levels. We have mapped out our bounce level price target. Are you buying the dip?
We identified a bear flag formation. Our retracement price targets are near the descending support lines. Where to next? NASDAQ:ARM
There's a lot of speculation NVDA is overextended and, well I can see their point. But maybe through the last years we have had waves 1 and 2 of Elliot. Which would mean we're in wave 3 and in wave 3 "Overextended" does not really exist. A super consistent trend is what is the norm. Wave 3's are incredibly easy trends to follow but a lot of the time in wave 3...
Teva Pharmaceutical Industries, historically renowned in the generics market, is undergoing a strategic transformation led by CEO Richard Francis. This shift focuses on innovative drug development, aimed at reshaping Teva into a major player in novel therapies. Recent successes in clinical trials and upcoming biosimilar launches are fueling investor confidence and...
From China "uninvestable" to social media influencers calling bulls in the HK/China market and there are some followers getting edgy what they should do. I know what I will do since I am clear with my objectives , time horizon, risk tolerance, capital management, etc. For my existing holdings, I am selectively averaging down on some of these companies -...
Tomorrow's Trading Range (5.9.24) and all of the levels going through it.
Index is near bottom of orange channel and also near to 1D SMA50 I think it will going to break soon because correction is not over yes I suppose a final destination of 10% at around 17000
Double bottom Ichimoku bullish pattern MACD Bullish C and H pattern target prices not achieved yet Constraints Swing 5:5 created 2 consecutive supply zones Verdict - Overa;; Bullish with short term hiccups
SOFI most likely to fill the gap, strong support below.
TLRY has resistance cloud that also aligns 3.35 strong resistance, consolidation for few more days/weeks. Once the 3.35 resistance is taken out then 4.49 and 9.97.
There is strong negative divergence on the price and has very likely done a double top at $189 area. Ideally, if that double top is confirmed in the next one or two candles, then it should fall to at least the rising trend line. However, that rising trend line also is making the bearish flag pattern. So there is high likelihood that it will loose support of trend...
Uptrend Price has been confirmed above a S/R level, $43, everything is ready for achieving $50 as the next target. Do not forget setting a sure SL after getting position on it.
INTC Daily Chart Analysis INTC has faced significant challenges for investors. It remained in a sideways market from November 2017 to May 2022, lasting almost four years. In May 2022, its 'sideways' market became a 'Distribution' stage as the price broke down, entering a downtrend. The downtrend was sharp between May 2022 and October 2022, resulting in a 42%...
SKYW Daily chart analysis On every rally since 2020, the price has continued to form lower highs ever since the impact of COVID-19. The high point was in January 2020, and subsequent rallies in March 2021, October 2021, and August 2023 all failed to surpass the previous high. After being in a downtrend throughout 2022, the price rallied and then pulled back for...
AMEX:SPY May 9,2024 15 Minutes. No trade day. Neither the sell below nor buy above was triggered. Uptrend looks like getting sorted out. AMEX:SPY has moved from 503 to 518 levels. And yesterday gap down open after 3 days of gap up did not hold. The first in 15 minutes gap down had close near top of bar and never broke the low during the day. We have 100...
They can last years, and take over a decade to recover from. Scary right? Proper portfolio, and trading management is essential for not only survival, but also being able to thrive in that environment.