OpenPay (OPY) FY2021 TargetStarting to also gain momentum, after a number of really good reports, this particular stock has shown a healthy consolidation phase and is almost ready to rally. target is 10$ mid term but could extend up to 15$ depending on how the overall market performs. holding all significant support, looking to break resistance soon.
Porfolio
Gold Deciding The Trend SoonTVC:DXY
OANDA:XAUUSD
Investors around the world are seeking for safe heaven asset investment to mitigate the risk of their financial portfolio amid the ongoing COVID-19 pandemic and global economies have begun executing their stimulus packages as a precaution against the market turmoil right now.
The precious yellow metal trading at $100 (approximately) on the intraday trading session has catapulted itself along the range of $300 over a span of a month, once again echoing many never before seen market fluctuations in this unprecedented climate. Currently, it is trading at the level of $1482 /oz. Globally, investors are watching the US economy like a hawk and the reactions of the market participants in both the short and long term.
Penetrating the range of $1482/oz and closing above this level will give the fuel to the bulls to ride the uptrend and set the camp above the $1500/oz. but, on the other hand, if the situation finds itself easing and prices start to test the bottoms, the intraday close below $1462/oz will denote that traders have more interest and profit booking from the current value.
Can you apply portfolio theory to forex market?Think of forex (or cryptocurrencies) trading as a creating a portfolio (a "basket" of currencies) and maintaining its good structure by planned rebalancing. It also allows to reduce net risk (diversification! Markowitz like it!). E.g. now I have five positions - pairs with absolutely different currency symbols. Some trades are lossy, some are profitable. All you need in this situation is to manage active positions properly and control risk.
