The US Dollar Index (DXY), which tracks the greenback versus a bundle of its main rival currencies has ended the week bearishly confirming a reversal candlestick (Bearish Engulfing) after sliding by 1.34% throughout the week. The weekly chart shows the potential for a retracement, even within the ongoing trend, the next support lines up at 102.65 (weekly low May...
The Nasdaq 100 index NDX confirmed an inverted head & shoulders pattern breakout on the hourly timeframe to support a short term upward correction that may test 13,100 supply area as a minimum target within the broader downward trend. Nasdaq 100 climbed 320.53 points or 2.62 percent on Tuesday to settle at 12,564.11, just a few points off the day's high.
Elon Musk could finalize his acquisition of Twitter as soon as TODAY. Twitter shares TWTR popped 5% higher on the announcement. The stock has been showing a bottoming consolidation in a rounding bottom to confirm a trend reversal by a close above $54.50 supply region. In case of the deal's confirmation, TWTR may hit $65.00 - $70.00 easily.
Shares of the electric vehicle manufacturer Lucid LCID bounced today after dropping more than 10% over the past five days. Lucid Group LCID announced the launching of a new, faster Air luxury sedan with 1,050 horsepower and a 446-mile range that will be priced at $179,000 and will hit the markets in June. Lucid stock LCID rebounded from the demand area around...
Lucid stock LCID traded lower Wednesday and still showing more probable weakness to come after confirming the hourly reversal Head & Shoulders Sellers may drag the prices lower to $22.00 - $21.25 support levels consecutively.
A close above $108.80 would confirm the daily probable symmetrical triangle. Minimum target: $137.00
Nvidia stock NVDA had built a strong move on Friday to post a solid gains of 6.81% and close on the resistance area around $265.00. The stock is showing bottoming signals after violating the downward trendline, Prices have the potential to test the 50.00% and 61.80% Fibonacci Retracement levels ($276.00 - $293.00) consecutively. It is worth mentioning that...
Meta Platforms stock FB has shown some strength lately after rebounding from $185 demand area, the upward move could hit $230 levels corresponding to 23.6% Fibonacci Retracement level. The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator. Finally, it's worth mentioning that Meta...
Apple stock AAPL had a rough day of trading yesterday, just like the rest of the technology stocks being pressured by the surging inflation data. Apple stock AAPL ended the trading session lower by 2.4% at $172, the dip was more substantial than that of the S&P 500 that declined 1.8%. Still, from a seasonality perspective, Apple stock tends to produce its best...
Rivian stock RIVN has rallied 5.87% Wednesday to close at $64.53. The stock has shown some strength recently aiming for the downward trend’s reversal after confirming the formation of both; higher low, and a bottoming reversal pattern. The stock RIVN could extend its rally hitting 23.60% Fibonacci retracement level that corresponds to the reversal pattern’s...
A potential reversal on the weekly time frame to be confirmed by a weekly close above 657 resistance that corresponds to the 38.2% Fibonacci retracement level, and the 50 EMA as well.
Costco Wholesale COST is set to give its latest quarterly earnings report on Thursday after the closing bell, Costco will likely report an Earnings Per Share (EPS) of $2.61. Costco bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. Last...
Netflix stock NFLX is seen hugely stick to its bullish momentum, despite the stock's bears trying to confirm the price's reversal pattern (Double Top). The reversal pattern has failed; the stock tend to rebound from the lower boundary of the ascending channel to hit $689.65 point.
Baidu has violated the upward channel downwardly with a reversal pattern that shows to what extent the sellers are in control. The stock may target 145.55 - 136.40 support levels consecutively.
PayPal Holdings Inc shares fell 1.22%, or $3.19 per share, to close Wednesday at $259.00. The stock showed a lot of weakness since the company's latest earnings report on July 21 showed a higher sales and earnings in Q2, but, its projections for the full-year 2021 were downbeat. The stock has violated the ascending trendline aggressively with a downward gap...
Silver prices XAGUSD seem to rebound after testing the lower boundary of the descending channel on the daily timeframe. Prices may hit $22.25 - $22.60 resistance levels consecutively.
APA Corporation APA stock is still showing more strength recovering from its previous losses with a more upside potential to go. Entry: 18.70 Target: 20.00