Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Using Nikola as an example, people may divert their attention to EV Truck now with the hype of EV. FOMO traders may flock back into Nikola. However, Im into similar company. (Shared with closed group only) High risk to long, if you are willing to take the risk, reward come later
After price reached $50-$52, with the resistance, with Covid cases spiking and lockd=down in Euro, China and US, might see some price correction.
Long with the hype of Cannabis industry. TP provided.
Printing $$ will weaken the currency. But not to forget that New president Joe Biden with his infrastructure plan, will help to boost US economy. With the demand of US dollar, will DXY continue to trend downward and break $88? We shall see the strength in the chart.
We are in the inflection point. The circle area is the resistance since 2007. (Before GFC) Will this area turn support? We shall see on coming Thursday. If after Biden reveal the stimulus package but dollar did not plunge below $88 and support within the circle area, we should see some strength in Dollar.
Waiting for next week candle to decide
Mid-Long Term trade TP $1.16 (Revised along the way) SL. $0.89 (Long term Investment can do dollar averaging) If break down $0.70, must cut based on TA
Good Earning, Good cashflow and the weekly chart is showing inverse head & shoulder pattern. TP $33.
ride with Covid-19 Vaccine news (Related) Looking good to long
MAS award digital full bank license to the Grab-Singtel consortium on last Friday may boost investors confident on this all time Singaporean favorite shares again. We are looking at first TP: $2.50
Do not forget this counter. Good defensive counter.
Weaken dollar (break below $92) Crude oil raising. High chance USD CAD will break below 1.3 Trade Safe.
Entered on 15092020 @ $4.9 Continue to hold long. Shared last week on this counter. Good in both FA and TA.
XOM was badly beaten due to Covid-19 and when they got removed from the index. However with positive Covid-19 Vaccine, XOM big market Cap player shall not be forget. A stable support seem to be form at the price of $30-$32. Long playout - Long after breakout Long when pullback close to $34 SL @ $30 to prevent from whipsaw.
Long setup to price range around $50-$52.
Anti-trend. Risky trade on penny counter
Penny country. Trade with Care. We shall see next level if it maintain above $5. Anything below $4 will not be good for this counter
Overall - Down trend. However, market is forward looking. If investors believed in Biden Covid taskforce, they might enter into travel/leisure counters. Break above the descending triangle will show bullish sign.