It started with Trolls World Tour by Universal Pictures then Mulan by Disney and now recent announcement by Warner Bros. to release all of their 2021 movies on HBO including WW1984 on 12/25/2020 calls for attention to figure out what's the future of cinema theater industry. CNK has started negative trend in MACD on 12/03/20. Via observations I can suggest that...
For INTC this week MACD turned positive and stock is above Fib 38.2% as of 10/15/20. High chances that it will close the week by staying above that level. This combines with AMD stock which has almost run out of steam (Check its MACD). There is high likelihood that INTC reaches its 50 Day MA next week (10/19/20 - 10/23/20) and also touch Feb 50% which might...
Currently NVDA has pulled back from upper Bollinger Band in week #36. As of 09/11/20 RSI is 74.77 which is very elevated (or in over bought territory for charts that use reading above 70 as over bough). MACD is in long term uptrend with no crossover so this short term pull back is just investors / traders booking gains. Stock might find support at $425 since that...
Currently S&P 500 has closed just above week #8 (02/21/2020) low. RSI is at 63.71 which is quite elevated even if its not in overbought territory. There are 3 market events next week. Core Retail Sales, Retail Sales (09/16/20) & PMI (09/17/20). Additional $600 unemployment benefits have stopped from 08/01/20 so If either of those number come weaker than expected...
