While the rest of the market ran bullish at the end of the previous week, Gold dipped negative, crossing below the 30-day and 50-day moving averages. Prices are currently trading horizontally in the short term with $16 being a support level that has not been broken, despite several tests since mid April.
Low MACD amplitude swings also correlate to a near-term...
Spotify's has returned to the initial jump price after Joe Rogan's 5/19 exclusive deal announcement. This price of around $178 correlates to both to the significant volume traded on that day and to the 38% Fibonacci entrancement zone. Moving forward, this will be a significant new support level as investors contend to Spotify becoming a dominant player in...
Technicals:
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$16.03 and $16.61 are approximately the short term support and resistance levels, forming a channel where the price is being pulled horizontally. This area also appears to be a price consolidation point around $16.38 following an April 20th high volume day.
Fundamentals:
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Gold is trending up. This momentum is due both...
Technicals:
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$117 is approximately the new support level, which also correlates to around a 15% price correction from Q1 high's. Prices appear to be consolidating around this level with no significant breakthrough.
Fundamentals:
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While Disney benefited from the recent surge in streaming, its parks and products segment (accounting...
