Due to market sentiment and quitting of co-CEO, CRM fell to EMA 200 ($163), which was previously a resistance zone before the speculation of Google acquiring it published by RBC, and immediately rebounded from that level to $170.
It might be worth accumulating when market opens as CRM remains a long term winner given the amount of companies it has, constructing...
Worth trading with $77 as SL (support that held multiple times), $84 as TP. As it is trading at lower Bollinger Band after falling out of it.
Corona virus impact should be minor for SaaS stocks as majority of companies would not cancel their subscription unless the disease remains for another half year causing its customers unable to survive.
If market...
Expecting GBPUSD to rebound to EMA20 before going further down to 1.2779.
While housing demand improved along with strong PMI data over the past weeks; UK-EU trade talks are likely to cause the currency to drop further as Boris Johnson's request of a Canada-style trade agreement is not reasonable in the eyes of EU. Both parties' stance will likely to cause the...
The company is a value stock to hold and is currently at a very low valuation with huge margin of safety. Its P/E is at 3.3 with PB at 0.66, dividend (TTM) at 10.2%. I expect the stock to at least have 20% upside (HK$ 3.92). Recent corona virus caused the company to drop further to 1 year low, thus providing an opportunity to enter, along with increasing RSI and...
