XAUUSD expected Bullish move next weekThe recent credit ratings downgrade on the USA and continuing geopolitical tension in the Middle East are factors that could potentially contribute to a bullish trend for gold in the coming week. Both of these events have historical correlations with an increase in demand for gold as a safe-haven asset.
Rating
Trend Rating IndicatorThe purpose of this indicator is to visualize the major trends with a minimum lag and a plot relatively true to the chart.
Here for display and testing the candles are colored according to the main plot ("RATING"),
but it is not necessary to use this option for the indicator to be useful.
This indicator judges the asset on a multitude of factors and awards points that accumulate.
- The RSI of all these ratings is displayed under the name "RATING".
- A filtered version "Swing Gaps" which only appears in overbought or oversold, but show an area when the swing is complete.
- Different crossover signals are available.
Rating: BYND - Beyond Meat - SellNASDAQ:BYND : Sell
Technical Analysis
Analysis Method: Fibonacci & Wave Theory
The chart shows that BYND is currently building a base in an ABC Correction sequence. Currently, BYND is in the C Wave Position.
Expect a .618 Fibonacci Retracement from current levels.
Target Area: $97-$69
Time-Frame: 49 Days
Fibonacci Technical Analysis:
Find more analysis on FibMarketWatch.com
ZOOM - Bullish analyst ratingOne of this year's hottest IPOs is still winning over new fans. Dmitry Netis at Stephens is initiating coverage of Zoom Video (ZM) with a bullish overweight rating .
The analyst's price target of $115 suggests that there's 26% of upside from current levels, an encouraging goal for the provider of video-conferencing solutions for enterprises that has already soared 153% since going public at $36 in April through Thursday's close.
---News reported by Rick Munarriz, The Motley Fool / Yahoo Finance
4 Hour Gaps on BPT priceThis is a good stock for the money. It will likely move down to fill-in the price gaps we find on the 4 hour. This stock moves in correlation to the AMEX:SPY ; so diligence suggests waiting for the S&P to start back upwards before making too aggressive of an entry. Net Sales are up and some website said they have a 17% dividend. Thats high. With a $37 target price I would hope the high volatility of NYSE:BPT gives up the gold with the rest of the market.
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