The stock is still a meme stock and retail investors don't have the money to keep the stock hyped.
when you look at options people who predicted the pump are out after making a killing on it.
you look at charts and you can agree that the stock is in a downtrend and it is now facing a trendline resistance.
No fundamental reason for the recent pump. NYSE:GME
The US Dollar Index (DXY) has broken the support level of 101 with a lot of strength. In classical charting, previous supports become new resistances. This means that the DXY is likely to continue to rise and test the previous resistance level of 101.
A good trading opportunity would be to sell the DXY at 101 and target the range of 98. This would give a...
USDJPY Poised to Rise on Strong US Data and Rising Yields
Recent economic data out of the United States has been strong, with both ADP and ISM Services PMI coming in higher than expected. This has increased expectations that the Federal Reserve will be forced to tighten monetary policy more aggressively in the coming months.
The yield curve has also inverted...
US oil has broken the support level on the downtrend market and is now retesting it. The overall trend of US oil is bearish, as shown by the technical indicators on the chart1. On the fundamental side, there is reduced economic activity due to the COVID-19 outbreak and higher interest rates, which lowers the demand for oil and puts downward pressure on the price2.
Gold has recently broken a bear flag pattern on the 4-hour chart. This bearish technical pattern typically suggests a downward trend. At the same time, there is evidence of a head and shoulders pattern on the 4-hour chart, which is a bearish reversal pattern that suggests a potential trend reversal.
However, it is important to consider that market conditions and...
"Based on a thorough technical analysis, I have identified an ascending triangle pattern on the 4-hour chart of the US Dollar Index (DXY) and a bearish flag formation on the daily chart. Additionally, a doji pattern has been observed on the monthly chart, indicating potential market indecision. On Wednesday, it is expected that the DXY will experience a rise due...
