The weekly indecision and rejections ongoing with FBNH stock price makes the short term direction unclear. On the medium term trend however, the stock has turned a little bit bullish and a decline below 5 Naira is much desirous. Looking at the volume, the stock has a decent average volume than when it declined towards April 2020; this could indicate fewer decline...
Recent selling pressures observed on Guaranty Trust Bank stock price could possibly mean the stock is about to pullback to a support level. Identified however is the support at about 22 (Naira). If price is rejected at this level, then we could have a reversal to the upside & price could also go to re-test support at 19.21 N.B - Let emotions and sentiments work...
With last week H4 ended in rejection candle at a critical level of 1.12349 on Friday, EURUS may be ready on a short-term to re-test the recently created bearish order candle at 1.13209. If price is then rejected at this level, then fibre selling pressure may commence. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Last week, S&P 500 index ended with a bearish candlestick, thereby creating a bearish engulf. Coming days, the index likely to fall on short term to 2935 after a brief testing of 3100. Volume however suggests that the index on the medium term could still fall further to test the bullish order candlestick at 2700 as the average declining volume is much higher than...
We might see USOIL contracting a little bit in short term. This week, oil will test the swing high at 40.42 & if price is rejected at this level, oil possibly could pullback to 32. A close above 40.42 will be a positive signal for oil - meaning future pullback will be minimal... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In...
Gold has been struggling to make new swing highs in the last few weeks and as a matter of fact, it's trying to make a daily corrections. However, overall outlook of XAUUSD is still bullish . If gold touches 1697 and rejected, it could reverse at this level, but if there is no rejection, we might possibly gold going lower to some support levels. Gold could also...
Further price rejection(s) between 61 & 64 could see Centene Corporation Stock Price rally towards the upper trendline of the corrective bullish wedge (or above)... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With price rejected twice at almost the same level ATVI may likely be set to rise to re-test the swing high at 72 (and above)... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
AUDUSD had a terrific bullish run last week, although, I expected a reversal around the trendline, but the bullish candle close at the trendline suggested otherwise. Going forward, I expect to see some pullbacks to a support level before another bullish run (or corrections) begins N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management...
Gold could have started a deep pullback on the daily timeframe. Month of June is generally bearish for gold while it's likely to bottom-out in July for a good upside return in August. With Weekly & Monthly still bullish, nice to see XAUUSD falls to daily value range... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Elon Musk successfully launched its first crewed mission to the International Space Station over the weekend & by the time market opened on Monday, TSLA stock price has skyrocketed. Will it continue to fly high as the company prepares to launch 60 satellites tonight? N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
IF the bullish momentum observed on MCD is maintained throughout this week, then the stock could likely be eyeing 210 and above in coming weeks... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Great Stocks that have been showing good upside momentum is now on pullback. A re-test of its recent swing low (with rejection) may provide a good buying opportunity. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Having made a medium term impulsive move, Sanderson farm returned to corrections & with the stock price close to a good support level, the stock potentially could reverse to test (at least) the bearish order candle at 144. Provided the price is rejected at the support level situated at about 122! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper...
AUDUSD likely to break the swing high @ 0.66851 to test the trendline which could force it down to its support level. Overall, the pair will break the trendline to make higher-highs in the couple of days N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
A re-test of the support or below 1.65593 may be a good buying level for EURAUD as daily sentiment turns bullish N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Any further daily rejections on EURUSD may cause the pair to revert to its mean value or further below. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
XAUUSD is now on daily corrections after the bullish run to form a swing high above 1765. The corrections is taking the form of a bearish wedge. To keep the bullish runs going, gold must move above the swing high, but any rejection at this level will cause gold to re-visit the lower part of the wedge... N.B - Let emotions and sentiments work for you -ALWAYS Use...