For the past decade, decision-makers in major banks and multinational companies have been focusing their attention on one of the hottest "growth frontiers": emerging markets. During much of the 1980's the prospects in most emerging countries were quite bleak: the debt crisis, inflation and domestic political turbulence. Then a number of "economic miracles" began...
USDZAR some interesting developments for the Rand bulls. 50dma < 200dma (death cross). 3 lower highs forming what could be a potential flat bottom triangle with the base at 18.10-18.20. Some bullish characteristics here which could be shifting sentiment in favour of the bulls but it's still too early too call. Range bound between 18.95 and 18.20 now. A convincing...
While not a perfect construction this does look like an inverse Head and Shoulders. A break above the neckline resistance at 39.85 should see this poised to move to 42.00 and then the target of 43.30 which is almost 9% higher. Note price has been consolidating above the 200dma now for 13 days which is quite significant and i think the probability favour an upside...
USDZAR saw a bearish reversal off the important 18.75 level which was strong support previously. Should we trade below friday's low at 18.61, i suspect we will see a re-test of 18.43. However if no follow through of the reversal occurs and price manages to gain traction above 18.75 i would then expect the 18.90 level to come into play where we find the 50dma and...
Introduction Since the 2008 Financial Crisis NDX has been “the” trade for anyone looking for easy gains in equities. It has stomped out precious metals, emerging markets and the like. Even crypto powerhouses like Bitcoin and Ethereum are sideways against NDX since the 2018 crypto bear market and smaller alts have been clobbered against NDX in the most recent...
Emerging markets show a corrective decline for stocks from technical point of view and from Elliott wave perspective. Emerging markets chart with ticker EEM made sharp an impulsive rally at the end of 2022, which indicates for more upside after a corrective a-b-c setback that is actually still in progress since the beginning of 2023. So, for stock market support...
AMEX:EEM looks to be breaking down here. On OBV, there's been a double top. Price looks to be breaking the upwards trend that's been forming since Oct 2022. I think price is likely to hit the second support level at $33 before bouncing. However, if there's a strong move down, can see it hitting $30 as well.
Self explanatory. Emerging markets currencies keep printing in excess leading to devaluation for over 12 years straight. Needless to say it is now at a key area. (Red Arrow) While it has not been talked about much. This has led to a mini emerging market currency crisis. Turkey Sri Lanka Lebanon Pakistan Argentina Venezuela Egypt Russia Colombia etc.. Adding...
Ascending triangle on FMQQ. Price squeeze between 11.25 and 10.45 on the ascending triangle. Breakout incoming?
NYSE:IFN India Daily 9% dividend Volume Profile : VAH Value Area High not likely to be resistance given the acceleration as price punches it at high volume. Target: top of fork SL: there's a fractal at 15.80 Not advice
Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook on BBRI! Support the channel by giving us a thumbs up and sharing your opinions in the comment below! Technical Analysis BBRI is a breakout of the Pennant Pattern after retracing on the Fibonacci golden ratio area. The MACD Indicator made a golden cross below the zero level area, which...
Anheuser-Busch Inbev up 17,79% for the year to date Good performance. How much is left in the tank ? Bull flag break indicates a little more to go.
If the pattern repeats then the next two years could provide consecutive 20-25% returns
The time seems to have come to consider allocating to Emerging Markets here, I am thinking of entering a position today. India and Mexico are set to benefit from decentralization of supply chains, China is about to get stimulus to consumption from govt, and AI is generally a source of growth and higher efficiency for the world going forward (solves the issue with...
Ascending Triangle formed and annotated with TA PT along with possible time frames using Fibonacci time series, Fib retracements and Bulkowski's pattern targets. Stone recently swung to profit on improving fundamentals Q/Q and Y/Y supported by the possibility of Brazil cutting rates in near term and coming out of recession.
The MSCI Emerging Index Fund (EEM) is posting a bottom rebound pattern similar to early 2016 and 2009. All all cases the 1W RSI previously broke below the 30.00 oversold level and rebounded strongly. As you see these bottoms take place approximately every 7 years. This indicates that the Emerging Markets are only at the start of a two year mega...
The $EEM daily chart is showing a massive Head and Shoulders formation, with the Neckline set at $38. This could be a sign that the price will soon break to the downside, as Head and Shoulders are usually considered bearish reversal patterns. The market will now be watching for a break below $38 in order to confirm the bearish reversal. If the price does break...