I'm seeing strong potential for a bullish surge in NASDAQ:EEMA - MSCI Emerging Markets Asia ETF. My prediction suggests a call position around $69.00, with a strategic stop just below the latest long wick observed in early 2022. To confirm the uptrend, I'm patiently waiting for a confirmation candle, along with the RSI hitting above the baseline, which is zero....
In the year 2000, the energy sector represented by XLE outperformed the technology sector represented by XLK. The trend seems to be repeating itself as we witness the commodities boom occurring just as the tech boom slows down. This begs the question, will history repeat itself?! During the tech boom in the late 1990s and early 2000s, the technology sector was...
It seems that GOTO's future is not looking too bright at the moment. Despite being in a downtrend channel, there are no bullish signals indicating a potential price increase in the near future. Additionally, the FY2022 income statement shows that GOTO has not booked any profit and has actually incurred a loss of 2.6 billion dollars. This is not a good sign for...
Keeping a close watch on the Indonesia Composite Index as it may approach sub 6500 IDR. If the downtrend continues, there is potential for a head and shoulders pattern to emerge. Additionally, the low volume of the index should be taken into consideration. Will be monitoring closely for further developments and opportunities.
Based on my analysis of the USIDR chart, I have observed a V bottom formation in the weekly timeframe, suggesting a potential bullish trend in the near future. Currently, the price is trading just above the neckline, indicating a possible short-term retest towards sub-15200 IDR levels. However, with a target range between 15600 IDR - 15700 IDR, there could be...
Hello Folks! (Biden's Style) Based on my analysis, there appears to be hidden bullish divergence on the XRP USD pair in the weekly time frame. This suggests that while the price may currently be trending downwards, the underlying momentum is actually bullish. This can be seen through the divergence between the price and the relative strength index (RSI)...
Apple Inc. recently reported 1Q 2023 financial results with a revenue of US$117.2 billion, a 5.5% decrease from 1Q 2022. The company's net income was US$30.0 billion, down 13% from the same quarter the previous year, resulting in a 26% profit margin, compared to 28% in 1Q 2022. The decrease in margin was due to the drop in revenue. Earnings per share for 1Q 2023...
People are saying that this is the bottom, but in reality, as indicated by the FOMC results yesterday, Jay says that we still need an interest rate hike in the coming months. Also, the formation of a bottom in the SP500 never occurred when the inverted yield curve was at 0.5. Check it out for yourself if you don't believe it. Levels to watch: around 4225 dollars,...
Investors often want the Federal Reserve (also known as “The Fed”) to pivot its monetary policy because it can potentially have a significant impact on financial markets. A pivot refers to a change in the direction of monetary policy, such as shifting from tightening (e.g., raising interest rates) to easing (e.g., lowering interest rates). When The Fed pivots...
Investors often want the Federal Reserve (also known as "The Fed") to pivot its monetary policy because it can potentially have a significant impact on financial markets. A pivot refers to a change in the direction of monetary policy, such as shifting from tightening (e.g., raising interest rates) to easing (e.g., lowering interest rates). When The Fed pivots...
As we can see from the chart above, the SPX is still in a downtrend. Given the current economic conditions, it is unlikely that we will see a reversal in the near future. When we consider the value of the standard deviation used by Warren Buffet, known as the 'ratio of total US stock market value divided by GDP', we see that every time the SPX reaches more than 1...
I've Never Seen Anyone Talk About This, But This Isn't Hopium, Nor Is It Wishful Thinking! It Is What It Is Mate
Maybe this one too? Let me know your perspective in the comments!
Considering the current macroeconomic conditions, the inflation rate could reach 15% or even more. From there too, we can get the money that goes into the s&p 500, 15% is not "Real" money. Not to mention the threat of debt from Evergrande that has not been paid until now. Buying S&P 500 ETF right now, I don't think it has a good risk-to-reward ratio. So call...
As we can see in the chart above, There is an indication of an Expanded Flat on Bitcoin, as long as Wave C or 5 does not break the overall pattern, it is very likely that this Expanded Flat will occur. And also on the Relative Strength Index indicator, every time it hits 33ish on the Relative Strength Index, it can be a strong signal that the bottom is around...
As you can see, Bitcoin is forming one of the bearish indications that will take over the market again. 25,000 to 21,000 would be my target for the decline.
Hello! From the chart above, it can be seen that SPX is forming a reversal pattern, inverted HnS. But if you look at the trend structure, if SPX is unable to break the Fibonacci numbers 702 to 786 and then accompanied by a large selling volume, then there is a possibility of forming a lower high which indicates a bearish continuation! Based on sentiment, the...
Hello! From the chart above, it can be seen that DJI is forming a reversal pattern, inverted HnS. But if you look at the trend structure, if DJI is unable to break the Fibonacci numbers 702 to 786 and then accompanied by a large selling volume, then there is a possibility of forming a lower high which indicates a bearish continuation! Based on sentiment, the...