$GIS with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $GIS following a positive under reaction reaction to its earning release placing the stock in Drift A
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Neutral
$JBL with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $JBL after a positive over reaction following its earnings release placing the stock in Drift B
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$ACN with a neutral outlook after earnings release The PEAD projected neutral outlook for $ACN after a positive under reaction following earning release placing the stock in Drift A
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Gold - Neutral Post FOMCGold has continued to rise post the FOMC meeting which indicated that there will be not a shift in dovish monetary policy. Additionally, the 50 day MA is moving towards the 100 day MA and prices could move higher and challenge resistance at $1932 with the forthcoming US stimulus package. However, whilst the 50 day MA hasn't risen above the 100 day MA confirming the trend reversal we still see potential for a pullback so we maintain a neutral view.
$NDSN with a neutral outlook following earning releaseThe PEAD projected a neutral outlook for $NDSN after a negative under reaction following its earning release placing the stock in Drift D
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Silver - Neutral Post FOMCWednesday's FOMC meeting indicated that there be no changes in US monetary policy and there has been an increase in optimism surrounding a US stimulus deal. This has led to Silver surging over the past few days and us changing our view to neutral as we anticipate the upward momentum could be sustained as the US dollar continues to weaken.
$CIEN with a neutral outlook following earning releaseThe PEAD projected a neutral outlook for $CIEN after negative over reaction following earning release placing the stock in Drift C
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$LULU with a neutral outlook following earning release The PEAD projected a neutral outlook for $LULU following a negative under reaction after earning release placing the stock in Drift D
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$THO with a neutral outlook following earning release$THO is projected to have a neutral outlook following its earning release after a negative under reaction with the PEAD placing the stock in Drift D
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$SAIC with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $SAIC after a negative over reaction following its earning release placing the stock in Drift C
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$TOL with a neutral outlook after earning release The PEAD projected a neutral outlook for $TOL after a negative under reaction following the earning release placing the stock in Drift D
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$GRWE with a neutral outlook after earning releaseThe PEAD projected a neutral outlook for $GRWE after a Negative under reaction following its earning release placing the stock in Drift D
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$AZO Projected to have a neutral outlook after earning release $AZO posted its earnings with a negative over reaction following its announcement with the PEAD projecting a neutral outlook for the stock placing it in Drift C
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$AVAV with a neutral outlook following earning releaseThe PEAD projected a neutral outlook for $AVAV following a positive over reaction after earning release placing the stock Drift B
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Dax - Neutral Pre ECBThe Dax has consolidated above support around 13,000 and appears to have the momentum to be on course to challenge year to date highs around 13,600. However, we still hold a neutral view as the the index is prone to sharp reversals given it's volatile nature as we await the ECB press conference and US inflation data later today.
$COUP with a neutral outlook following earning releaseThe PEAD projected a neutral outlook for $COUP following a positive over reaction after earning release placing the stock in Drift B
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$NTES with a neutral outlook after earning release The PEAD projected a neutral outlook for $NTES after a positive under reaction following earnings release placing the stock in Drift A
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$WDAY with a neutral outlook following its earning release$WDAY posted earnings with a negative under reaction following its earning release with the PEAD projecting a neutral outlook placing the stock in Drift D
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NZDCHF caught in decision spotNZDCHF currency pair fall into a decision spot. This is is telling us posible trend reverse on H1 timeframe or bullish continuation from daily perspective.
If bearish move from H1 trending continuation will happen, we are looking price to break an important support level at 0.62560.
If bullish move from daily perspective will push price higher, then current spot is counted as third touch of daily/ h4 timeframe flow. If price will continue higher, then retracement from lower timeframe is expected before entering positions.
Why is this spot dangerous to trade at the moment?
This spot is dangerous to trade because we have confusion between strong daily buyers, price is still in buyers overall move and trending on h1 timeframe is showing potential bearish downside move.
Bullish target:
up to 0.63271 resistance level
Bearish targets:
T1: 0.61984
T2: 0.61449
$ROST with a neutral outlook following its earning release $ROST posted its earnings with a positive over reaction following its release with the PEAD projecting a neutral outlook for the stock placing it in Drift B
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Gold - Neutral Gold has rebounded above resistance at $1824 on the back of uncertainty surrounding Brexit and the continued impact of the coronavirus. We therefore have changed our view from short to neutral as we even though we feel there is potential prices to move lower we don't have enough conviction in the short view whilst Gold hasn't resumed it's downtrend.