AlyaAkram

AlyaAkram

Tesla's stock TSLA bears showed a significant control around the $260/$265 supply area, corresponding to the rejection from the downward-sloping trendline. The stock seems to have more downward pressures further targeting the $207/$200 demand area.

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Nvidia stock NVDA price just hit a new all time high Monday after the chip company unveiled new products and partnerships at the annual Consumer Electronics Show (CES). The company rolled out three new chips that will let gamers, designers and other users make better use of AI on their personal computers. Technically speaking, the stock NVDA is still having the...

AlyaAkram Updated 

Tesla stock TSLA regained its strength after testing the downward channel's lower boundary (the low of $194.07 in Oct. 31). TSLA may rise further to $235.50 - $246.00 resistance levels.

AlyaAkram

The S&P500 index SPX surged by +1.31% last week to close above 4400 resistance level. The index is showing that there's more potential is yet to come, to hit 4520 next. The week ahead: The meeting between US President Biden and China President Xi is the highlight; there is also US CPI and retail sales, the former being a key input into the Fed's policy...

AlyaAkram Updated 

- The Nasdaq 100 index declined 2.60% last week, yet closed above the 14,000 major weekly support. - Ahead of the Fed, quarterly bond sales plan and Apple's earnings; the mentioned support (represented in both: the 50-EMA and the downward channel's lower boundary) would play an important role in deciding the market's path on the short/medium-term. - The...

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Oil WTI closed on the weekly timeframe above the $85.00 resistance level for the first time since November 2022 with clear signs of strength paving the way for more potential buyers to take control over prices. Price may target $93.00-$97.60 resistance levels in the medium term. Nonetheless, traders surveyed by Bloomberg expect Saudi Arabia to persevere with the...

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- The stock slid by -1.57% last week after reporting the earnings. - The RSI negative divergence is released. - We’re well placed above; $330 support region – the Bollinger bands’ lower band – and the lower boundary of the upward channel. - Target: $350/$352.

AlyaAkram

ETHUSD - Daily Ethereum prices confirmed a topping pattern breakout, targeting: $1,700 - $1,515 on the short term.

AlyaAkram

After steadily climbing throughout 2021, the DXY saw a solid start to 2022. The US Dollar Index rallied from a low point of 94.63 in mid-January to a 20-year high of just over 114 in late September. DXY has experienced a significant drop since the publication of cooler-than-expected inflation data. Expectations of slower rate hikes from the Fed, and a lower...

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The index closed yesterday forming a bearish engulfing candlestick after pulling back from 12,850 resistance. The bearish formation to be confirmed by an open today below 12,673.07 level. Next support levels: 12,460 - 12,300.

AlyaAkram

The Ethereum Merge is expected to be completed in less than 48 hours. While the Merge will bring a supply reduction that could positively impact ETH’s price in the long term, it’s possible that the Merge could become a “sell the news” event that leads to a selloff after the fact. However, the Ethereum price ETHUSD is showing some strength on the 30 mins chart...

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Lucid Group (NASDAQ: LCID) stock dropped 6.73% on Tuesday. Lucid has posted last week a nearly 40% miss in revenues alongside a 50% production cut as the company navigated a challenging second quarter. LCID stock was significantly led by the sellers during Tuesday's session, violating the upward sloping trend line. Now, $16.80 is the key support we should stay...

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The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis The dollar index, hit new five-week highs as Federal Reserve officials reiterated an aggressive monetary tightening stance ahead...

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U.S. Treasury yields moved higher on Friday to their highest since July 21 and U.S. stock futures fell by almost 1%, along with similar losses in Europe. The yield on the benchmark 10-year Treasury note was up 8 basis points at 2.967% as the Fed indicated July meeting minutes that it would continue hiking rates until inflation slows down significantly, although...

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Nasdaq100 index closes up 2.1% last week for the fourth positive week in the longest streak since November. The index closed on the daily timeframe on Friday above the200EMA (13,412) for the first time since early April, and above the 50EMA (13,486) on the weekly timeframe for the first time since late March. The index may extend its rally into next week testing...

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Nasdaq100 index has rallied 12.55% in July to record the best monthly performance since April 2020. Moreover, bulls have formed a monthly bullish engulfing candlestick - above the 100-EMA support region - to be confirmed by a higher open on Monday. The positive sentiment is still intact to be challenged by 13,000 - 13,490 supply area.

AlyaAkram Updated 

NASDAQ100 index is facing a strong resistance around 12,200 (represented in the 50-EMA) after rebounding from the broader weekly downward channel's lower boundary. A confirmed breakout of the mentioned static resistance, will open the door for further +5.61% bounce (685 points) throughout the week to 12,885 level.

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Amazon stock AMZN had started trading with the split-adjusted price around $125 yesterday. The stock split usually increases the liquidity of the shares making it accessible to more investors who are not comfortable buying pricey stocks. Also, BofA Global Research has found that splits "historically are bullish" for companies that enact them, with their shares...