mansur7

mansur7

Tesla has broken out that rectangle after the initial 10% move and today retested. Stops can be placed below the rectangle and we can see a move towards 290 in no time. If that happens, will update the analysis because longer term Tesla chart is looking extremely bullish. Fundamental Key Takeaway: Tesla is undercutting the competition and new entrants like...

mansur7

SSYS is an industrial 3D printing company. Price action is suggesting we have formed a bottom around 10. If we have a nice close bullish close, above 11.37 in the next couple of day, then the bottom should be in for now. Stop can be placed below 10.55 and first target is 23.6% Fib at 12.70 (there is a gap there which will acts as a magnate for...

mansur7

Tal Education broke out of the range it has formed over a year. This stock popped last week due to start of coverage from Goldman Sachs. It operates in after school tutoring in China, which is a norm in Asia and a huge market. Looking for a retest around 10.30 - 10.50. Stops can be placed below 9.50 (10 weekly EMA). No traffic till 17 but we can take 16 as...

mansur7

It's hard to imagine a world where USDJPY trades around 170. Open to fundamental analysis discussion on comments where one can perceive this happening.

mansur7 Updated 

AUDJPY is the go to risk on currency. As China has not been able to stage a comeback, AUD has been selling off. RBA hiked last week but the market sold off after. RBA basically stated further rate hikes will be based on data. This has been seen as a dovish hike and Aussie data becomes more important than ever. With inflation holding levels or starting to...

mansur7

Amazon has formed a cup and handle on the weekly. Current sentiment has turned bullish, yields are pushing lower and seasonals are great too for Amazon at this time of the year. Fundamentally, AWS is the engine for Amazon and I expect revenue to pick up in that department in the coming months. As for retail, it should steadily deliver. We need to finish above...

mansur7 Updated 

Canada employment is growing but at a gradual pace compared to labour force and job vacancies. Growth has been revised down by BOC. On the other side, US economy remains strong compared to the rest of the world. First target at around 1.435 and there is a double top at 1.47. Ultimately, it can be triple top on the upside.

mansur7 Updated 

There is around 60% chance of RBA hike next week. UK has been hit hard by a stream of poor data and this is set to continue. Plus, Europe has been struggling with growth so the interest rate differentials will move towards Aus going forward. On the other hand, antipodeans had a rough time lately but fundamentals are starting to look good, especially for...

mansur7 Updated 

EURAUD has formed an inverted Head & Shoulder. Testing neckline now. Target should be 1.695. RBA minutes should not be market moving (Tuesday) but if we get poor Labour data on Thursday, we can see Aussie sellers in control. Geopolitical risk should favour Euro more than Aussie, unlike Ukraine-Russia War. Europe has energy concerns but not as bad as last...

mansur7

Nikkei 225 has been one of the hottest markets this year. Couple of reasons - Japan ultra low monetary policy in the face of rising inflation. Its similar to Fed policy before they started to raise rates. Banks are used to negative rates so we will not see a similar increase to US but a gradual one. When is for the BOJ to decide but first they need to get rid of...

mansur7 Updated 

Gold has been on a tear recently. If gold breaks above and finishes above 2k next week, we should see GDX break the neckline at 30. Target should be around 34 but there is heavy resistance at around 32.20 so that should be a nice area to take some chips off the table

mansur7 Updated 

Nvidia has been the poster boy of AI and if it convincingly breaks down the neckline next week, things are starting to look dire for equity investors. Earning on 21st Nov makes it tricky to be full on short with breakout of neckline. Gap to 320 must be appealing for the bears.

mansur7 Updated 

GBPCHF broke out 1.105 on Friday. It has been stuck in a range for almost a year now. In the current environment, CHF is the best safe haven play. Technically, 105.50 would be the target but 106.50 seems more prudent.

mansur7 Updated 

Tesla seems to have failed to break H&S. Chart is looking bearish. 200 Weekly EMA test on the cards. *Not Investment Advice*

mansur7

After the prolific run last year, Nat Gas has struggled but now it has broken out of $3 barrier and currently testing previous resistance. Seasonals are good here with up to mid of November, suggesting higher prices. Any unwelcomed activity in Strait of Hormuz can really send Nat Gas flying.

mansur7

Weekly chart of DXY. Rectangle break out and retest at 105.60. Immediate target at 110. Geopolitical risk and pick up in inflation should favour DXY longs.