Carnival Corp is expected to report a smaller quarterly loss and a spike in revenue when it announces second-quarter results today before the opening of the market. The price has reached a strong support zone, giving us a good short-term buy opportunity and an acceptable risk-reward ratio. The next stop will be the resistance located around $ 15 Risk Disclosure:...
FDS is expected to release its earnings report today before the opening of the market. The majority of the analyst are expecting strong quarterly results and better-than-expected earnings per share From a technical perspective, we have a falling wedge collaborated with RSI in a bullish divergence Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts...
In the 1-hour chart clearly, we can spot the downtrend. On the 16th of June ACN formed a double bottom and the price headed to the major resistance level of $ 300.The scheduled Earnings report will play a major role in the resistance`s future. If the breakout is successful, the next goal for ACN will be to test the $ 315 local resistance. Risk Disclosure:...
Days ago, FDX tried to break the resistance, but the attempt was not successful which caused the price to drop back into the channel It is time for round two and as it looks the bulls have enough momentum to break the wadge, which will lead to new buys with a price target of $320 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference...
The technical figure Descending Triangle can be found in the Swiss company Sonova Holding AG (SOON.vx) at daily chart. Sonova Holding AG is an internationally active Swiss company headquartered in Stäfa that specializes in hearing care (hearing instruments, cochlear implants, wireless communication). It is one of the largest providers in the sector worldwide. The...
The technical figure Triangle can be found in the US company The Coca-Cola Company (KO) at daily chart. The Coca-Cola Company is an American multinational beverage corporation, best known as the producer of Coca-Cola. The Coca-Cola Company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. The...
The technical figure Channel Up can be found in the Spanish company Endesa, S.A. (ELE.mc) at daily chart. Endesa, S.A. is a Spanish multinational electric utility company, the largest in the country. The firm, a majority-owned subsidiary of the Italian utility company Enel, has 10 million customers in Spain, with domestic annual generation of over 97,600 GWh from...
The technical figure Triangle can be found in the Spanish company Banco Santander, S.A (SAN.mc) at daily chart. Banco Santander, S.A., doing business as Santander Group, is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest...
As a top-15 oil-producing country, Mexico is tied to its natural resources. The peso shows a tight correlation with other commodity-based currencies, including the Brazilian real (BRL) and the Colombian peso (COP). This interdependence increases the importance of energy fluctuations as well as of data that move crude oil and natural gas futures markets. If the...
After some anxiety among investors regarding increased CPI for May, NASDAQ experienced some drop down in price, mostly led by mega-cap growth stocks like Apple Inc and Amazon.com Inc. On the technical perspective, USTECH100 is breaking the support of descending triangle, which is a signal for bearish movement, confirmed as well from both MACD and RSI indicators....
EUR is getting stronger with the expectations of hawkish stance from ECB. It forms a falling wedge pattern with CAD, breaking the upper bound of the falling wedge on the four hour graph. Both MACD and RSI indicators are confirming the trend. If the pattern continues, the pair might try to reach 1.36 On the other hand, if the trend reverses, EURCAD might try to...
SILVER managed to break through its consolidation, which formed a triangle pattern on the daily graph, and now is heading for a price increase. Both indicators, MACD and RSI, are also confirming the bullish pattern. If this pattern continues, XAGUSD will probably test its previous high around 26.10 In the opposite scenario, the price might test its previous low...
Huge volatility for OKTA Yesterday the price closed with almost 11% gain for the session and added 18% more in the after-hours session after the release of the earnings report. The next major resistance is located between $ 116 and 122. If the breakout of the 2nd resistance is successful the price will be pushed to 0.382 Fibo level or $ 150 Risk Disclosure:...
Upcoming fresh dips from Visa. The price is forming a descending triangle and e the new test of the $191 resistance is ahead. The target for a successful breakout is located at $144, near the 2020 pandemic bottom. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any...
HP Inc. is in consolidation for a quite long time. In the past six months, the $ 40 resistance was tested several times, but the bulls didn`t have enough strength to break it. This time may be different. If the upcoming test of the resistance in the next couple of days is successful, we may witness new all-time highs with a price target of $ 46. Risk Disclosure:...
Short-term buy opportunity ahead of the C3.AI.`s earnings report. Since June 2021 c3.ai has been in a downtrend which led to a more than 80 % drop in the price. A new re-test of the resistance is expected at the $ 23 level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and...
A strong weekly support level crossed by the 0.618 Fibonacci level was reached by Salesforce, providing us a good entry point for a long-term trade CRM will be reporting its fiscal 2023, first-quarter earnings on Tuesday, May 31 after the market closes. It is forecast to report $7.38 billion in revenue and $0.94 of earnings per share. So far, the company which...
The technical figure Triangle can be found in the German company BASF SE (BAS.de) at daily chart. BASF SE is a German multinational chemical company and the largest chemical producer in the world. The Triangle has broken through the resistance line on 27/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for...