AlyaAkram

AlyaAkram

The renewed fears of Covid-19 are supporting one of the streaming leaders Roku (NASDAQ: ROKU) again, which keeps the new bases for the second-quarter earnings' expectations remain strong. The stock is showing strength recently after violating the downward sloping trendline. The prices are currently attempting to confirm the formation of a potential bull flag...

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Fastly stock FSLY is bottoming out forming a potential higher low. The stock could target $53.94 - $57.45 - $60.65 levels consecutively.

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DVN stock is showing a bearish performance lately after breaking out a bearish formation (bearish symmetrical triangle) on the daily timeframe, yet the breakout is not confirmed. With the technical indicators supporting the breakout confirmation, prices may fall hitting $25.70 and $24.15 consecutively.

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MMM stock confirmed the formation of an upward sloping trend line on th weekly timeframe showing to what extent the bulls are in control of the trades pushing the prices higher. Price Targets: $201.35 - $206.55 - $216.35

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Virgin Galactic SPCE Receives Approval From FAA For Full Commercial Launch License Following Success Of May Test Flight. Price still have a room for an upside potential to $50 and $60 levels respectively.

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Supporting News: Kuwait oil company selected Halliburton for digital transformation projects Crude oil climbed to their highest level since October 2018, on continued optimism about recovering demand as coronavirus restrictions continue to be relaxed in the U.S. and many parts of the world. Halliburton HAL rebounded from the lower boundary of the channel in...

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Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research. CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March...

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SEDG is showing a room from an upside move inside the downward channel after retreating from the lower boundary of it. Prices could target $260 and $273.25 respectively.

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The EUR continues to rise against the U.S. dollar as the Federal Reserve continues to pump money into the economy and Biden's administration looks to spend. EURUSD surged above 1.2200 with the 100 EMA serving as a strong level of support on the 4hr time frame. EURUSD could target 1.2270, 1.2300 and 1.2334 levels respectively.

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Xpeng XPEV violated the downward trend line with a bullish strength and momentum. XPEV could target $34.40 and $41.80 consecutively according to Fibonacci retracement levels. Xpeng has underperformed this year, with its stocks down by roughly 30% each, since early January. The Chinese electric vehicle (EV) space is booming, with China-based manufacturers...

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Gold is trading higher this morning above $1900. Prices extended its bullish movements today above the psychological resistance level $1900 and is expected to target $1,919 also $1,980 resistance levels next.

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Carnival stock CCL is trading above its exponential moving averages after finding a support at $24.30. CCL violated the downward trend line upwardly in an attempt from the bulls to take control over prices. Sellers tested the violated trend line, then prices retread from it opening the door for targeting $29.90.

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Sea Limited stock SE dipped after first quarter revenue topped estimates with 147% year-over-year growth to $1.8B but fell short on adjusted EBITDA. The stock fell on the news to test the major support around $202.40. SE showed a significant retreat from the mentioned support. Prices could target $253 and $270 respectively within the sideways range.

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Microsoft MSFT is showing a bullish price action on the daily time frame. Prices could move higher from the current prices to fill the downward gap around $258.60.

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Mastercard MA is still moving higher with the a significant bullishness recently appeared in violating the resistance around $368.65. The RSI and momentum indicators are supporting more upside potential hitting $383 and $395.70 consecutively.

AlyaAkram Updated 

All eyes will be on Nvidia NVDA to report its Q1 results next week on Wednesday. The stock is down 12% over the last month, However, it seems that the stock is preparing for a probable trend reversal getting ready for the earnings report. Prices could hit $590 and $600 respectively.

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NIO is about to violate the major broken support around $34.25 after the rebound from the lower boundary of the downward channel on the 1hr time frame. NIO could target $36.80 and $39.00 consecutively on the short term; with a bullish signals triggered on both the RSI and the momentum indicators. From a fundamental perspective, Nio's financial condition is...

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XRPUSD daily chart is close to confirm the formation of a bullish symmetrical triangle technical pattern, Waiting for the daily candle breakout confirmation.