Get started

Coviddepression

GOOG- a cup and handle in formation LONGGOOG on the daily time frame showa a cup and handle pattern beginning at the November 21 high from the uptrend out of the Covid "crash" Price has printed the cup and returned to the same price level of about 150 ; A handle is forming now. The cup and handle pattern forecasts a bullish continuation from that price level to the extent of the height of the cup. Accordingly, this would be from about $ 150 to about $220. Daily charts have high reliability as do cup and handle patterns. The RSI indicator shows strength in the 50-60 range so GOOG has a long way to go before being overbought. . Once price is over $ 150, I will initiate a position on GOOG shares and look to also take call options striking $150 for late 2024 or 2025.
NASDAQ:GOOGLong
by AwesomeAvani
Gold / Silver ratio climbs as Covid 19 spreadsChanges in the Gold/Silver ratio indicate changes in the demand for Gold as compared to demand for another precious metal, namely silver. Ratio increases often coincide with accelerations in market volatility and, consequently, money flow to Gold, long considered a "safe haven". The ratio's climb is approximately linear and the black trend line is consistent with multiple reversals in direction. Some of these are labeled with a news headline from that day. Limitations and future directions: Headlines were chosen under the working hypothesis that the ratio's climb is largely explained by the spread of the Covid 19 virus. It would be useful to understand the nature and strength of this association. Another direction of inquiry is the association between the ratio and, within the Covid 19 context, other measures of sentinment and volatility (VIX, Real Estate, etc.) The ratio's increase supports a long position in gold.
OANDA:XAUUSDLong
by gb50k
6