Great buy opportunity for ULVR at current levels, weekly stick looks to be shaping a low test candle, fantastic fundamentals with many brokerages raising price targets.
Look to take stock up to rent highs with small risk. 1:2.8 risk reward
This is for the stock traders, maybe a possible down trend on Microsoft however with it being a company in the technology sector i would be careful as a new product or software could significantly change this.
According to news, Apple is not delivering confidence to its shareholders as these are concerned of several areas on the services where Apple is not delivering or improving. On the other hand, the company is not producing as many sales as expected, in fact, after the release of the latest iPhone, the share's price dropped almost 100$/share in just 2 months.
Here we have the kellogg stock, as you can see it has been on a down trend for a while and then on the 4th of October you can see where it it flat $67.00 which we fill could be due to the NFP outcome.
Comment below if you agree disagree,
GBPJPY appears to have traced out the final 5th impulse wave identifying wave (i) of (3) as shown. This implies that current move should see further downside till about 145 zone which is strong support. A rally from there would not be surprising as the bigger structure being studied suggests a further appearance of strong...
On the daily chart: SXX gapped down through its 200 EMA, a bearish sign
BUT found support at 23.5 on it's weekly 200 EMA
Stochastic on daily chart is trending down and could result in another decline
Also filling the gap at 31.72 could trigger fresh round of selling.
Let's see what happens.