No promises on this one - I can't. This is one to watch.
Tech stocks have been in a bit of a problem, not benefiting from hopes of a vaccine for COVID-19.
After all, tech was feeding off the pandemic in various ways. Tech and the virus are basically friends. So if the vaccine would limit or kill the pandemic, that's not good for tech stocks in general.
We're...
8000 barrier on Nasdaq
BULLISH SCENARIO
If the price manages to break completely the Key level @8000 & trade above it, bullish scenario will be confirmed.
To enter a buy trade we’ll then need confirmation on multiple time frames M5, M15, or H1 (i.e Breakout and Retest of the KeyLevel.
BEARISH SCENARIO
If price fails completely to break Key Level @8000 (meaning...
Trade Idea
Broken out of the channel formation to the downside.
Bespoke resistance is located at 7872.
We have a 50% Fibonacci pullback level of 7878 from 7776 to 7980.
We look for a re-test of the upward trending resistance.
Expect trading to remain mixed and volatile.
We look to Sell at 7870
Stop: 7910
Target 1: 7760
Target 2: 7636
Trade Idea
Broken out of the channel formation to the downside.
A mild correction has been posted from yesterday’s low, this is seen as a retest of the breakout level.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected although we...
To me Amazon is a clearly heading for new heights, as the Coppock curve ( Eclipse) has just turned positive, also so has the Aroon oscillator, showing a positive trend has emerged. This is supported by the Cyclic lines showing the positive stock trend is just one of many. The 50 moving average is providing support, and the stock recently broke out of the sending...
