$HPQ with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HPQ after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Neutral
$COST with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $COST after a Negative Under r reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Silver - Still Neutral Pre Non Farm PayrollsWe still hold a neutral view on Silver and feel that non farm payrolls on Friday could trigger significant price action and enable us to form a directional view. The precious metal has failed to consolidate above resistance around $28 over continued fears of rising inflation and the possibility of the FED raising rates. Therefore a greater than expected payroll number could increase the odds of a FED rate hike and result in Silver prices breaking below support $26.6.
Bitcoin - NeutralBitcoin has rebounded sharply from dropping towards $30,000 on Sunday predominantly due to the Chinese government's plans to ban all Bitcoin mining. However, we would want the cryptocurrency to consolidate above resistance at around $40,000 and the 50 day MA move back above the 100 day MA to take a long view. This is because Bitcoin wasn't able to consolidate back above $40,000 as it bounced back from the initial mid May correction and given it's volatile nature prices could easily drop back towards $30,000.
A bit of Hope 5Double bottom.
I liked this last reaction of the bulls.
Bull trap in the afternoon, bear trap at night.
I might be totally wrong about calling bear market and I apologise if that is the case.
Its always good to be cautions and wait for the worst. React with patiente at the right time.
A bit of hope here, but still on defense mode.
$CSCO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CSCO after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$RYAAY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $RYAAY after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$MAR with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MAR after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$HMC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HMC after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
EURUSD - Neutral Pre FOMC minutesWe still hold a neutral view on EURUSD pre the FOMC minutes later today as we await indications on whether the FED still see rising inflation as transitory. Any deviation from the current narrative towards tightening monetary policy would cause a sharp sell off in the currency pair. This is despite EURUSD gaining upward momentum in recent weeks as both the 20 day MA and 50 day MA are significantly higher than the 100 day MA.