FB in the near term is technically positive. We recommend an opportunistic buy with an entry below 144.85 with a primary target at 151.53. FACEBOOK FACEBOOK FACEBOOK FACEBOOK FB FB
As for the Pound / Dollar, the pair gained an average 470 pips since the last 3 months. We suggest a speculative buy on the pair with an initial target at 1.3095 and a stop loss at 1.2656. Take note that the pair might found some support around 1.2808 and limit upside around 1.3036. GBPUSD GBPUSD GBPUSD...
In the energy sector, we have noticed a possible speculative short on crude oil as we expect oil to depreciate by -1.60% by the next week. In our opinion, sellers might put pressure on the actual price particularly near the intermediate resistance which might limit an upside move to no more than 6.80% from the last daily closing price. USO USO...
We are long on the Amazon. Targeting the near term resistance on the AMZN, at the 963 area. AMZN in the near term is technically positive. We recommend an opportunistic buy with an entry below 944.76 with a primary target at 963.23.
Within a short to intermediate time frame, we see a potential upside momentum on GOOG while we think as a hedge, it might be reasonable to short sell BABA. GOOGLE ALIBABA BABA GOOG GOOG