HBtrader22

HBtrader22

AMD has been consolidating for a few months now and has not broken the strong uptrend that has been in place for years now. As long as revenue and earnings growth for the company remain strong, and the overall market remains stable, I see a breakout for AMD in the future. If AMD can break and close above the 59-60 area, then I see the uptrend continuation to 75...

HBtrader22

Square, NYSE:SQ , hasn't performed nearly as strongly as the rest of the market that has just about surpassed their previous highs from the lows of late 2018. Other stocks in the Fintech space, such as NASDAQ:PYPL , NYSE:V , NYSE:MA , and NASDAQ:INTU have been extremely strong, already making all-time highs. Square is a clear industry laggard, with a lot of...

HBtrader22

Ever since the beginning of 2019, Crude Oil has been trading in a very consistent upward channel. At the moment, we are currently at the upper bounds of the channel, and crude is due for a drop to the bottom of the channel. Looking at this channel, as well as historical zones of support and resistance a good entry would be in the range of 60.50-60.80 with a price...

HBtrader22

The market entered an important zone of resistance, formed by important support levels in the past. It is also failing to break through the 180 MA, where it has been rejected many times during this recent downtrend. We have also formed a double top, with bearish divergence shown on the RSI. As soon as we break resistance at 6530 with force, it will be a good short...

HBtrader22

I think in the coming weeks we will see a rise in USDJPY. It has followed this pattern for a while now, so I have good reason to believe it will continue. I think it will either rise back to the midpoint at around 107.650 and then fall again, or Rise all the way to the upper trend line at around 111.840 and then fall.

HBtrader22

I believe that in the coming weeks we will see a reverse, and drop of the EURUSD pair. We have reached an important zone of resistance, and I think that it should continue to follow this pattern.