Overall Eur seems to be weak, the recent pull back from 1.4900 zone may just be a short rebound. Technically we can see a test on the 1 hour TF. Today we may see a drop from the 1.4990 around 20 - 30 pips today before taking any new decision. Do also catch us on our Instagram for more updates www.instagram.com #tradersarticle
We can see a down trend on multiple time frames when you plot the 20 MA Vs 100 MA. AudUsd is not trading along the 100 MA which may seems to be a rejection zone for bulls to come. Our overall view on Aud remains bear and specifically on audusd. As long the price remains below 0.7160 region, we are bearish. Do also catch us on our Instagram for more updates...
We doubt that there will be much bear move at this point, but we shall continue monitoring the price movement before making any decisions. Dow fell last week and got some price rebound off the supply zone. Yesterday, we saw it moved around 300 points which was more than what we expected. At this point, we still have a slight bull bias in the near term but it...
Weed has been the in thing in the couple of months and with the legalization happening later the interest for those Pot Stocks are all on the watch. Not too sure if Philip Morris will ever get a chance to create a Cannabis Infuse Cigarettes haha, But as of now this is our opinion on this stock. There is a minor resistance holding this stock to push further up...
Been waiting for sometime for us to load some positions on FB. It's has dropped about 20% from is last high print. Facebook is now trading on the support and we hope to see some buyers picking this stock at a discount. With a good risk to reward ratio, this will be one stock worth the risk. Let's see how it move later, with good price play, we can expect 180...
Firstly, our last short on GbpUsd was paid up with a nice Gap Down. We than took a quick long to cover up the gap region. As for UK index, it is back on the supply zone and may start to see a slight upward push to 7350 in the next 3weeks - 4weeks, depending on the price movement we may have a small position on this. However should there be a fall below the...
Price have rise couple of days, and this pair is seen to be rejected around supply zone. With divergence on it. We are have a short bias on this.
This stock has been in our watchlist for a few weeks now. From the last pullback we had last week and a tested level on the demand zone, we are now more convince with this as one with potential growth. With JNJ as a backing, let's hope this happen.
Our Stock pick for today goes to Verastem Inc, creeping up slowly, we see this stock potentially testing the last resistance level of $12 but only after a break out at $10 level. With the approval by FDA on their oral capsule, this could hype enough for the price to push up further. Though the risk of taking this trade is high due to the small market...
The Overall trend on AudUsd is weak and we may see more lower levels tested on this pair. As seen on the chart, both the channel and resistance level collide around 0.7320/0.7350 levels. There is a failure breaking past this demand zone hence we are more shortist on this pair. Find better price if you are going to trade, else a destination to Australia will be...
Another Cannabis for the taking, this is touted to be the amazon of Cannabis. Well you can't literally compare it's growth with amazon because it only sell Cannabis related product where else amazon does almost everything else. We have not looked into any of this company financials, but considering it's popularity and it price play this looks like one that can...
We have no stock picks for today, as the hype on Pot Stocks are still strong. As you can see yesterday, we rode the trend up on Cronos before Tilray halt start to spoil the party, Still bullish base on our last sharing. For today, we don't see much opportunity in the market. Given a choice to pick one, it will be USDJPY. We are slightly short bias on this...
Our stock pick for today will be Cronos. Looks like a decent buy considering the hype around pot stocks. As the dates gets closer to the Canadian Marijuana legalization(expected Oct 17), positive sentiments may drive this stock up. With alot potential growth and a rumours on Coke + Marijuana(Wild Dreams) this stock is one to watch. Another counter from the same...
Euro is on it's sideways movement. Good thing is that an opportunity to collect some bucks from this trades. Something that have caught our eye is EurCad, on nice downward trend, this pair is seen trying to push it's way up to the last high of 1.5350/1.15400. Anything close to this zone may appear to be a good trade to risk.
Just a random pick on one of the top volume contributor stock. Happened to see this counter making nice upward move since it last bottomed in 2016. As seen on the chart, this stock have tested the resistance level with huge volume. Now it is back again at the 11/11.80 testing for another break out. We are not very optimistic about this break out at this point but...
With the recent hype on NIO INC IPO, retailers are putting their eyes on this counter. It was easier to trade on the Initial 2 days as the buyer demands were quite obvious. Now comes the tricky part after the 3rd day of trading. Huge sell off took place which causes the counter to halt twice within the 10 mins - 15mins. So what's next? The potential growth of...