The Simply Good Foods Company hasn't moved too much today but is slightly up, only up 0.97% since yesterday. It looks like SMPL may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line SMPL is near a decent horizontal support line. It may find support at...
As the stock market starts to stumble, people look for safe places like Bonds, all those bond purchases drives the USD higher since you need to buy them in USD so it creates greater demand, this increase in USD would normally be bad for Gold. But Gold is actually going up right now since it is safe haven asset, that demand is off setting the negative effects of...
All the gold investors have been hoping that people will come to their senses and see the coming economic downturn as a result of the rising interest rates and start buying gold. But this has not been happening, has it. Right now gold is interacting pretty directly with USD and the problem here is that USD is slated to get stronger this year. And this can only be...
It's hard not to see Tesla's recent dip in price as a classic example of the market following a short term narrative that is a measure of our feelings and reactions instead of a measure of a companies true long term value potential.
So Tesla hit the 5000 units per week that everyone said they wouldn't so the bears/shorts/fossil fuel proponents and general haters...
Well it seems the market is doing a good job of figuring out what it thinks BTC isn't worth but still isn't sure what it is worth, so it will be more interesting to see if it finds support again around 6k line for the 3rd time and establishes that as a solid price support. If so, more investors might be interested in getting involved if they don't feel like it is...
Cron might be about to 'get high' it looks like it is losing downward momentum on the MacD indicator, the RSI line is nearing the bottom and it is also getting closer to the bottom bollinger ban. It might still have a few days to go in order to hit bottom but price looks like it is already starting to level off from the down swing. Might be a good entry point....
