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ADBE RETEST AGAIN AND BOUNCE BACK FROM STRONG SUPPORTAdobe Systems Incorporated (ADBE) is a large diversified software company that operates worldwide. The company deals in digital media and cloud services that allow customers to access the latest versions of its creative products. The stock had been a big winner over the last couple of years, more than doubling since the start of 2020. However, a recent disappointment in earnings erased the last few months of gains. With earnings estimates starting to fall, investors are now concerned that the bull run might be over. The guidance forced analysts to drop earnings estimates for all time frames. For the next quarter, we have seen just a 1% drop over the last month, falling from $3.37 to $3.34. But the stock bounce back after the false breakout and step again above $550.00 per share and above 50-Fibonacci retracement level drawn from March 2021. The stock gapped lower after EPS and then took out the 200-day MA and continued to lows not seen since June. If the bears want to push this stock lower, they must take that $550 level out and could push to the $450-500 area. If the bulls want to gain some traction back, they need to take the $593.00 and 61.8 Fibonacci retracement level and then fill the gap at $600. Our statistic software notes a bullish pattern with a peak return of 4% in 1 month and a probability of 72%. Until then, the sellers will stick around. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NASDAQ:ADBE
by legacyFXofficial
EUR/GBP BACK AROUND 0.8500 ZONE AFTER THE BREAKEUR/GBP stays remains unchanged in the downtrend channel after the BoE surprisingly hiked interest rates for the first time since the outbreak of the coronavirus pandemic. Intraday bias in EUR/GBP remains neutral first and with 0.8380 minor support intact, further rally is in favor. On the upside, a firm break of 0.8600 resistance will be the first sign of a larger bullish reversal and target 0.8660 resistance next. If that level doesn’t stop the price it will activate more bulls on the market and the trades can see a price around 0.8720. On the downside, however, a break of 0.8453 will turn bias back to the downside to retest 0.8383 low instead and it probably moves the price to test again the downside channel line around 0.8346. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
AMD analysis updated after 3 months. How has it played out? Hi everyone, I started investing in NASDAQ:AMD last year. Have done multiple chart and fundamental analyses since. Let's see how the stock has been performing relative to my prediction. Last post on NASDAQ:AMD was shared on September 21st . Price was at 100 at that time. I was adding to my position aggressively at that pullback. Then we went through the 122 level in October and even touched 162 a couple of times in November. As we are currently in the midst of stock market uncertainty, the price has been consolidating inside the blue box between 134 and 162 . Watch 134 closely. If it breaks, c ya at 122 . Congrats to everyone who bought inside the yellow boxes and held. I still think the company is great and I have not sold my position. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NASDAQ:AMD
by AyBe_Invest
WTI STAYS BELOW AND CONFIRM SUPPORT AS A RESISTANCECrude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. Indeed, as markets await more clarity about the impact of Omicron on the global demand picture, rangebound trade makes sense. On which note, OPEC said it expected the impact of the Omicron Covid-19 variant to be mild as the world continues to adapt to the presence of the pandemic. WTI crude oil traded lower on Monday after it hit resistance slightly below 73.60. The black liquid has been trading in a sideways manner, between that barrier and the support of 70.55 since December 7th, but overall, it remains below the downside confirmed resistance line which was the support price line taken from the low of November last year. Thus, the traders see more chances for a downside exit of the short-term range rather than an upside one. A clear break below the 61.8 Fibo and round figure of price level 66.00, would confirm a forthcoming lower low on a daily chart and may initially target the low and psychological level around 60.00. Slightly lower lies the 31.8 Fibo level around 54.50, the break of which could see scope for extensions towards the strong support line taken from 2019 around 51.00 per barrel. Looking at our oscillator indicators we can see that RSI stopped and rebound from the oversold zone. In order to start examining whether the bulls have gained the upper hand, the traders would like to see a strong rebound back and break through the daily support line above 76.00. This could confirm the break above the upside support line taken from the low of November 2020, and could initially target the previous high around 84.00 – 85.00 price zone. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
TVC:USOIL
by legacyFXofficial
Sea Limited is plunging. Time to buy yet?Hi everyone, We are currently in a midst of a moderate correction. I personally think it is almost over, based on DIX/GEX printing, the duration of elevated VIX, etc. These kind of periods are great for your previous analysis review. So let's do just that. NYSE:SE has been plummeting since November 16 and has lost over 30% already. It broke the rising trend and is far from it now. However , my demand levels from the previous analysis showed great price interaction. We saw some proper action at 308, 283 and 253 levels. Every level lower is a signal for an increased size accumulation. Next level on the way is 228 and I am looking forward to buying more if we get there. Hope you are coping with this turmoil alright. As always, trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NYSE:SELong
by AyBe_Invest
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