Since my last post, NIO value has declined slightly over -23%, a decline purely based on fundamentals such as GM's patnership plans with LG energy to open a $2.3B batterycell gigafactory
I still believe the Stocks intrinsic value is unmatched in the industry all factors considered.
Also, since my last post, the company has unveiled 5 new models adding to its EV...
The commodity is currently in consolidation with multiple failed break outs around the $30 psychological price point.
On the Daily, Price is well above the 200 MA and if current Market momentum is anything to go by, it seems the bull run is far from done.
My Sentiments :
The $30 Mark is currently the greatest upside resistance at this point. A break above it...
With fundamentals playing a major role in the price direction of the commodity, Analysts and Traders a like are almost certain that the price of GOLD will continue rallying up, targeting the : $1700 mark
On the D chart EUR/USD has made new HH & HL
Price having broken key support levels @ around 1.11744 and 1.11806 on the 4H, the next significant level will be around the 1.12222 and 1.2400 respectively
A clear break through the trend line, signal a possible bullish trend in the near future
OANDA:GBPJPY
Market consolidation over the past days signals uncertain traders' sentiments
Though, It being the last week of the month and a week jam-packed with macroeconomic fundamentals we Expect the pair to break and signal a more clear market direction.
The Commodity has broken the 1494 - 1484 S/R zone, A highly volatile economic week being the main factor driving the commodity down and could continue down significantly..
Technical analysis :
1. Pin Bar formed on the D chart (25/10/19) signaling market rejection of the 1517 - 1513 price range, previous rejections making it a strong resistance zone
2. Price...
