Following the end of Australian government's benefits to reduce unemployment at some time in H2 2020, there will be higher unemployment and lower incomes overall. The result of this is that the Australian public will use small loans to get by week to week especially when work availability becomes volatile. Certain types of businesses including those in the...
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, lots of geopolitical events have been dramatically changing markets. First you have Covid19, than the talks of trade wars going on, and now you have chaos on the streets, peaceful and nice protests on other streets. Our...
This is clearly in a downward trend, as it steps daily. Set your buy targets at $1.10
Biotechnology and pharmaceutical companies have been quickly cycling through overbought and oversold. The problem has been so problematic that Sorrento Therapeutics had to specifically claim they were not a “pump and dump” scheme. Any whisper of a "cure" for Covid-19 has investors rushing to the entrance and quickly fleeing after results are what they had expected...
Now a nice 10 week accumulation style base. See if it moves and closes above 2.20 this week.
I have bearish sentiment due to a) Technically - the pair has reached the top and currently in declining stage - the 30 weeks MA looks set to slope downward b) fundametals - risk on i will take a short position below 22 with the target at 20
🚀 Lockheed wasn't Immune to COVID turbulence, but from a long term outlook LMT is likely a great investment opportunity. Earnings have been strong, contracts have been impressive, and the chart has been mega bullish over the long term (despite being subject to market-wide corrections like COVID). For all these reasons and more, let's look at some long term levels...
Riots & Protests = Social Gatherings Social Gatherings = Spreading Of Coronavirus Spreading Of Coronavirus = Restricted Economy Restricted Economy = Market Crash Whilst this logic may not fully constitute to a market crash, it just needs to be a catalyst. A trigger. Just as the virus was the catalyst for an over-valued market back at the highs, the...
Technicals: -------------- $16.03 and $16.61 are approximately the short term support and resistance levels, forming a channel where the price is being pulled horizontally. This area also appears to be a price consolidation point around $16.38 following an April 20th high volume day. Fundamentals: ------------------ Gold is trending up. This momentum is due both...
we see a trend range followe by a springbox candle and a big volume i guess it a sign to the trend to go Up
SONA sold off on news today, filling the 1.25 gap in the process and testing the 1.13 Fib support. While more downside is possible, daily RSI is approaching oversold area and hourly is already oversold. Historical support in this zone as well. I took some at 1.15 - 1.17.
🚗 This run had a slow acceleration, but it looks like Ford has finally popped into gear and is off to the races. After seeing some recent lows people (including the COO) seem to be buying Ford back up. Plus, Ford is in the headlines with their new cop car that kills Corona (its a thing, check out the link below). Mostly though, Ford looks like it is finally...
🍎 Our last Apple chart played out like clockwork, now it is time to see what happens next. Apple is generally highly correlated with the broader market. Luckily for the broader market Apple stores reopening and hype about the iPhone 12 may just be enough to push Apple up past resistance. Plus, although it began to decline yesterday, the relatively high short...
🏆 Gold has been in a strong uptrend for a while, and COVID only helped to ensure it. However, with the equities markets recovering, gold has started to correct from its previous highs. Despite the correction, we still see an uptrend and plenty of support for now. Let's take a look at some levels. First off, we can see a channel that gold may be respecting based...
Keep your trading simple 🚀🚀🚀 Long term bullish - this trade can take some time to unfold. T1 = minimum risk reward 1:1 Mind term target $24.6 - Closing gap. Entry was on the crossover. I would use a smaller position size because of the huge S1 S2 (stopping points). I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need...
Then afterwards going to build a handle for north continuation of a large monthly Cup and Handle pattern? In terms of UJ Seasonality agreement I have not thought much that far ahead other than a few bold statements and idea titled 't'. Recently I predicted Oil to hit USD 160 by September 2021 and I was called crazy and laughed at. Same when I first posted my Gold...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, March was the dark month for the indexes and financial markets in which Covid19 hit the world by surprise and things noticeably crashed. Now we are on a stable growth towards positive retracement and recovery, and it looks like...