RSI and trend line looks like there is a big drop will happen suddenly
I will enter long when it will pass 15.55 a nice cup and handle pattern is forming. However, 16th of March long red candle has to give us support at 15.244
ALL BULLISH SIGNALS are HERE
It does not look like it is an uptrend any soon within the next 15 DAYS. Support lines are far away. MACD will hit a reverse, RSI is week. The short uptrend ret is over.
Green lines show some coming support, I am planning to consider long position at 5500 6000 area, please check all my index analysis and follow me for updates, if you a specific stock to analyze I will be happy to do a review
The gold is here for other bullish MASSIVE trend
for 11 years the stock showed weakness, it is time to sell and short the stock. 58$ is a good area to close your short position. Close any long position
Currency will change soon
The fall is really fast, not much support line left as the support line of 2013 is now a resistant trend line. WE are running into a MASSIVE recession We have sen 18% drop in 3 weeks We can easily see 5000 points drop in 3-5 weeks We will also see 9000 points drop when the WHO declare a PANDEMIC
The green lines represent support/resistance since 1988, if those support failed, the entire concept will fail. Lebanon government announced default this weekend.
www.macleans.ca Today Canadian households are carrying more than $2.9 trillion in consumer and mortgage debt, nearly double their debt load before the Great Recession hit, which makes every cut that much more powerful.
It looks like the american dollar is loosing value, next few days will show how support line will perform, I am more towards buying physical goods now and stop investing on USD bonds/treasury
Banks are the key to understand early financial market problem, this time it is a combination between COVID19 and inflation as well as over due market correction. The magnification is very STRONG in nature and it will lead to a history record recession. Back to the stock; if March 2020 did not see a good bull back, the orange line will be our only support....
52 is a safe entry for long with 48$ as a stop loss and 58$ to collect profit
it is a recession, it is already confirmed on the chart before public know about it
I do all my banking with Scotia bank and I personally believe they are the most risk taker as they handle all my personal and business loans I will attach an analysis for 2020 chart in the comment shortly
Short, I feel sad for the worldwide economy :(