We know the Zoom Video Communications Inc was a hot topic in the NASDAQ last weeks, while the COVID-19 is continuously outbreaking around the world, will Zoom be a strong bull trend stock in this year? My thought and analysis at below: When we talk about the stock that has a strong trend in the stock market, it must come with good fundamental performance, it may...
In the technical analysis perspective, the pattern in the S&P 500 4-hour chart showed the M formation & Head and Shoulders . It also kept rejecting to break the price level of 2640-2642 and then break through the neckline. We can understand the previous support now becomes the resistance as the EMA 50 is kept rejected as well. Hence, according to the Fibonacci...
In the NZDUSD pair, it retraced to 0.618 Fibonacci level at the 4-hour and daily chart, I believe there is a strong resistance level. Because it is no hard to see the stochastic indicator showed the divergence to the long position of NZDUSD. Therefore, NZDUSD is expected to drop to the previous resistance. Drop a like and comment, let me know what you're thinking...