Analysis done on 30 minute and daily candles. Crypto markets dipped once again this week as more tension grows in the economic and political world. Ethereum in particular has moved back below the 50 day moving averages after it traded above it for just a few days. ETH's move came to a halt when the coin faced a double top rejection at the 3200.00 mark and got sold...
XLF Analysis done on daily candles. The financial sector has been one of the more resilient sectors on the stock market in 2022, with most stocks managing to hold their key levels and not declining as severely as major markets. When analyzing bank stock performances, we see that they have lagged way behind many other industries since the Covid crash in recovery,...
Analysis done on hourly candles. A year ago around this time AMC was gearing up for one of the biggest short squeeze moves in its history, bringing its share value to a high of 72.00 at one point. Since then however, AMC has been on a consistent decline along with other short squeeze "meme" stocks like GME. Short squeezes occur when companies have a high number of...
Analysis done on 30 minute candles. Block Inc, formally known as Square, is trading near a 52 week low and bulls are still wary of buying the stock. Looking at their financials, the company's revenue and bottom line are moving in the right direction, but their balance sheet needs work, specifically in its asset to debt ratios and free cash flow. Square's growth...