Most people assume layoffs are going to drive the price of the stock down. NOPE, general consensus on the professional side is the sooner layoffs begin, the faster the company can recover from declining revenues and earnings, and reinvent.
META is a stock in a sub-industry that has few members, hence it is used in many ETFs and mutual funds due to that rare...
Gold is currently in a Uptrend. Price is currently above the 50 EMA and close to the 4HR Support Zone (1789.359 - 1799.860) which has been tested multiple times in the past, anticipating a great area to buy with price action patterns. I'll be looking for counter-trend opportunities on the 1HR chart this week.
If the price continues up towards the 4HR Resistance...
Celgene Corp has had 3 HFT gaps this year. The first was gigantic. Then HFTs made a mistake and gapped the stock down. This resulted in Pro Trader buying at that lower level. Recently it gapped up and is in a compression mode.
Open Sell Limit near key level 1.26900 (Entry Key)
Goal: 1.25000 (Take Profit)
Risk only -20pips SL at 1.27100.
Reasons:
Strong Resistance at 1.27100
GBPUSD is currently rejecting try at the Resistance Area 1,2700
Entry only when the price is on our level key
The entry key will be confirmed by a pin bar bearish rejection at the 1.27100 - 1.26000 area...
