TLDR:
Estee Lauder's recent price action at the historic monthly trend line and the $176 resistance level presents an intriguing trading opportunity. While considering the potential correction in the broader market, the stock's undervaluation based on fundamentals adds further appeal. As always, it is crucial to conduct thorough analysis, manage risk effectively,...
BINANCE:BTCUSDT is below the 29000 as of now. It has not closed below 29000 on daily candles since June 20th this year.
There is a clear RSI divergence indicating weakness in the movements of the last 2 months.
If today's daily candle closes below 29000, it is very possible that price will keep dropping in the upcoming days. In that case, I will be entering a...
The S&P 500 index ( SP:SPX ) currently faces a pivotal juncture as it encounters a resistance trendline near the $4400 level. This price region assumes significant importance and necessitates close monitoring to assess potential market dynamics. Should SPX successfully breach and sustain a close above the $4400 resistance this week, it could portend the initiation...
TL;DR: Alibaba's stock price is approaching a crucial juncture as it encounters resistance at the weekly trendline and finds support near $80. With major indices possibly facing a correction, monitoring Alibaba's price movements is crucial for identifying a potential bullish trade opportunity.
In this trading idea, we analyze Alibaba's ( NYSE:BABA ) price action...
