After liquidating longs at the low, we aim to hold the level of 20,712 in the Nasdaq Mini Futures market. Recent market movements have shown increased volatility, making it crucial to identify key support and resistance levels. Staying informed about macroeconomic events and earnings reports is essential as these factors can significantly impact market...
In light of the recent downturn in ASML sales, it's prudent to assess potential implications for the stock's trajectory. ASML faces lower than expected orders in Q1 amid industry downturn. CEO Peter Wennink remains optimistic about sector recovery in 2024. Orders dip to €3.6 billion, revenue at €5.3 billion. Our initial target lies at 826.1, where we anticipate a...
As we closely monitor the current trajectory of Bitcoin, it's evident that its strength is diminishing, prompting a thoughtful examination of our strategic options. In navigating this landscape, it's imperative to remain agile and responsive to market dynamics. Should we witness a loss of the 65475 mark within the span of this week, the scenario of adopting short...
In a recent move, Jeff Bezos, the CEO of Amazon, has sold $2 billion worth of Amazon stock, raising questions about the company's future trajectory. Bezos sold 12 million shares this week, marking his first sale since 2021. Additionally, Amazon revealed that Bezos plans to sell up to 50 million shares over the next 12 months. This significant sale by Bezos,...
Bitcoin has once again surged to new heights, hitting the anticipated target of $62,000. As traders, it's crucial to reassess our strategies and expectations in light of this milestone. Technical Analysis: Following an extended bullish run, it's reasonable to anticipate a slowdown and a potential pullback. Taking profits at this juncture might be a prudent move....
Silver, often considered the "poor man's gold," has been under scrutiny lately as it seems to lag behind its more illustrious counterpart. Traders and investors are closely monitoring silver's behavior relative to gold, seeking potential opportunities amidst this divergence. Let's delve into the technical analysis to discern potential trading...
Douglas, the parfumerie chain, has experienced a significant decline in its stock price since its initial public offering (IPO). With the stock now trading around 50% lower than its IPO price, it appears to be approaching a potential accumulation zone between the price range of 20 and 15 euros. This analysis explores the possibility of this price level being an...
In the ever-evolving landscape of the financial markets, the intersection between Electric Vehicles (EVs) and copper presents a compelling narrative. As interest in EVs surges, propelled by advancements in technology and a global shift towards sustainability, the demand for key components such as copper intensifies. Recent market dynamics have seen a lack of...
As Reddit prepares for its highly anticipated initial public offering (IPO), investors are buzzing with excitement. With Meta (formerly Facebook) currently dominating the social media sector, Reddit's entry promises to shake up the landscape. Market Potential: Reddit's unique community-driven platform has garnered a massive following, making it a potential...
Cocoa prices are experiencing unprecedented levels amid supply shortages and weather challenges. Investors should monitor market developments closely, with a bullish outlook towards higher price targets. However, the potential for prices to reverse exists if weather conditions improve, highlighting the importance of staying informed and adaptable in this dynamic...
European Central Bank official Piero Cipollone recently highlighted the transformative potential of blockchain technology in the financial sector. As we ride the current bullish momentum, it's crucial to reflect on historical patterns while also embracing a forward-looking approach. History often repeats itself in the financial markets, and exploring uncharted...
Hello traders! 📊📈 Exciting developments in the Dollar Index (DXY) as it surges beyond the critical resistance level at 103.6! 🚀 But hold on, the story doesn't end there – let's dive into the charts and decipher the recent price action and its implications. 📉 Breakout and Whoosh! The DXY finally smashed through the infamous 103.6 ceiling, promising bullish days...
Hey traders! 👋 Sharing my insights on the DXY (US Dollar Index) movement here. I've got my eyes set on the 102.9 level, and here's why: We've observed a noteworthy reaction from the 102.9 area in the past. It's acted as a solid support level, causing price to bounce off it convincingly. History often repeats itself in the markets, and this support level might...
🔮 Silver's Trajectory: Awaiting the Climb 🔥 📈 Keeping a close watch on the intriguing journey of silver, it's clear that we're standing at a pivotal juncture. The question on everyone's mind: will silver stage a triumphant comeback? 📊 Setting our sights on the magic number of 22.7, a significant gain here could herald a positive shift in the landscape. It's the...
Technical Analysis: VFC Corporation is at a critical juncture, hovering just around the $21 level. A breach above this level could be the spark for a promising upward move. Keeping a close watch on this potential breakout. 🔍 I'm also tracking the possibility of a higher low formation, 📊 hinting at a bullish trend continuation. The current consolidation might...
📊 Fundamental Analysis: Virgin Galactic has been gaining attention in the market due to a positive Q2 performance. The company's strong quarterly results have sparked interest among investors, potentially indicating positive growth prospects ahead. 📈 Technical Analysis: The chart above illustrates a potential Wyckoff accumulation phase for SPCE. The price...
Greetings, traders! 📊📈 A new chapter is unfolding in the world of the DXY (US Dollar Index) as it resurfaces above the 102.6 mark. This resurgence has ignited discussions about potential long opportunities near the 102.4 region, presenting an intriguing prospect for those closely monitoring this market movement. 🔀 Shift in Dynamics: With the 102.6 level now back...
Hey traders! 📉📊 The DXY (US Dollar Index) has just breached a crucial support level at 102.4, accompanied by a decisive move below the previous local low. This development has opened up an intriguing opportunity for potential short positions in the near term, following a promising reaction to this breakdown. 🔍 Technical Breakdown: The breach of the 102.4 level,...