3990 zone should be hard to break. 2 possibles trend lines that converge to the same point. Could be forming some kind of HSH, with second H going down close to 3480, or going lower close to 3330
We will be looking for a price around 380-430 to take profit. We have seen in the past few weeks a just insane bull run in TSLA, becoming the second larger car manufacturing in the world by market value. That just doesn´t make sense and price MUST show it soon.
We are close to the support of 1,500 USD coming from the Trend Line since the end of May 2019, then we have a support around 1485 since August that have been tested several times without success, and finally we have the EMA55 approaching to give an extra support.
If we also add the way rates are decreasing in the world, gold has everything to continue going UP.
I...
NKE is trading at a P/E of 35 while the industry is just 24.9, suggesting a price of only 62 instead of 87. At the same time earning per share per quartes hasn´t increased at all in the last few years, actually they are way lower than in 2013-2015 when the stock was trading at a price between 30-50, so how can we expect to keep going up?
The ATH for the stock is...
Time to expect a huge decreased in AMZN. Technically is not so clear, but in the fundamentals with the trading war and Bezos with so many other things on his mind. I will look for a decreased probably around 1600, with option to take some profits around 1670. Stop Loss should be slightly over 1850 if you want to let it run, or if you wanna go all in just over...
The last cross of EMA200 was almost one year ago. Since then everytime price went close the EMA it decreased importantly. RSI levels as well are getting high and MACD stopped going up, all of them together suggest a decrease in price in the upcoming days. I will expect to see FEDEX at least at 160 by October 2019, with a Stop Loss in 181 with a R:R of 2:1 for this...
If SP500 breaks below 2780 we can expect a run going down to at least 2720, and if that value doesn´t support then I will be holding the shorts until values close to 2600.
OANDA:SPX500USD
Taking into we are reaching the lowest price since August 2018 I expect a move to go back from current 13.60 to at least 13.85 in a very conservative perspective or even as high as 14.40 as it did in November.
There are no significant fundamentals to explain this decrease and surely those 13.55 will act as a huge support in case it continue going down.
Stop Lopss...
