PE, aka price-to-earnings ratio is basic gauge of how much investors are willing to pay in relation to earnings potential
Taking a position for a two-day short with this rather simple concept. Broken near-term channel floor guides us to a bearish posture. The conjoining channel patterns indicate a target price at levels 40200 - 38800. An overextension to 38000 is possible in accordance with an underlying fib at that level and untested support between 40-38k area. The timeframe is...
The year 2022 has started with macroeconomic anxiety and clamor around monetary policy talking points, while stock markets have been wreaked by volatility. Whether this turns out to be a well-deserved respite for the broader bull run or a long-drawn slide to infamy remains to be seen. In any eventuality, TA should help to draw a game plan and aid us to grasp...
Using december 2021 highs and lows as a blueprint for mid-term prognosis and lots of liquidity present at ~48k a precarious balance has been established for now. Price action would favor bulls towards jan-feb if 50k scarezone could be overcome and held sufficiently. Historically well proven 42k supportzone would suggest somewhat arrested downward risk. In crypto...