Due to the repeated news of Chinese government's crackdown on the monopolistic practices of Chinese Technology companies that worried some investors on the long term impact of investing in these companies and the we have seen a prolonged sell off by both retailers and institutional investors in many of the Chinese Tech companies namely Alibaba ( HKEX:9988 and...
Despite the global economic uncertainty, SILVER movement have been rather quiet and consolidating, even though it is also a safe haven commodity just like GOLD . However, over the past week, we have seen a huge surge in the price of silver, which signals that silver is finally taking off. Hence, if manage to break out the current resistance at 17.5, we can see...
After witnessing the euro depreciating against the dollar for about 2 years, the negative interest rates in the eurozone and the deepening of the global economic slowdown due to the intensifying Covid-19, have made the eurozone an attractive safe-haven currency against the dollar. Apart from the macro-trend, technical analysis have shown that the euro has broke...
Yesterday, we saw a huge selloff of Gold down to its support at around 1590-1600. With all short and long term moving averages showing bullish momentum as well as global economic slowdown and uncertainty due to Covid-19, I will expect safe havens to continue to outperform. For now, we can expect the bullish momentum to its all-time of 1800 in 2012 before...
After witnessing the largest drop in S&P 500 in a week since the global financial crisis in 2008, we have seen the prices of many fundamentally good companies tumbling from being overbought such as AMZN. Thus, with AMZN prices falling to its support at 1850 as well as being supported by its long-term trendline, we can expect prices rising back to 2030 then to...
Over the past 6 months, we have seen that NTRS is consolidating in the 88.00 - 100.00 zone, with 100.00 acting as a firm resistance level. Last Thursday and Friday (24&25 October), we saw that buyers pushing and close the price above 100.00, indicating a potential start of another bull run. Target price can be drawn to 108.00 than to 112.00 (all-time highs).
Can see that over the past few months in 2019, STK's buyers are slowly gaining control as sellers are unable to push for lower lows. Thus, forming a nice ascending triangle pattern. Friday's breakout (25 October) can see target price drawn to 23.50 or 24.00 where short-covering might take place again.
Over the past month, we have seen that there is a build up at the key resistance level of 1430.000 for gold, which was the level that was broken down back in May 2013. As we see buyers are pushing for higher prices whereas sellers fails to push the price down further, an ascending triangle pattern is being form at the key resistance level of 1430.000. Hence,...
Over the past 2 weeks we have seen that buyers failed to push the price higher, as there is a strong buildup at the psychological level of support of 136.00, and yesterday we have seen that sellers are in control for GBP/JPY. With a very bearish short term trend as well as an ideal downtrend intact, we can draw target price to 132.00 where short covering might...
Over the past few days, we have seen that EUR/USD have broken the few months long bearish trend line and thus indicating that the sellers are unable to push the EUR against the USD lower and that buyers are once again back. Hence, we can see that the selling pressure is disappearing, whereas buying pressure is heating up. Thus, target price can be drawn to...
Since late April this year, we have seen a sell down of almost 20% on oil. Yesterday, 10 June, we have seen that sellers are still in control to push the price much lower as buyers failed to break the key psychological resistance of 54.00, thus showcasing a sign for weakness for more downside. Hence, target price is first drawn to 50.00 and then towards 45.00,...
Since the end of April, we have seen the strong selling pressure of USD against the JPY. However, yesterday we have seen the candlestick pattern which signals the buying pressure of USD against JPY at the psychological level of the exchange rate. Thus, over the next few weeks, we will expect buying pressure until 112.00 where profit taking might take place again.
Since May 2019, we have seen strong selling of GBP against the USD towards its lower range of its consolidation. But over the past few days, we have seen the diminishing selling pressure and seen that buying pressure is building up. Thus, target price can be drawn to 1.33 where we might see profit taking might take place again.
Over the past 3 months, we can see the presence of a strong selling pressure by the sellers. However, over the last week, we saw that sellers are unable to push towards a lower price and buying pressure are coming back. Thus, we will expect price to reach 0.694 where profit taking might take place again.
Over the past one month, we have seen that there is a short term selling pressure from its all time high. Yesterday, we have seen that buyers are defending the psychological support of 17.00. Thus, with an ideal uptrend that is still intact, we will expect prices to reach 17.90-18.00, where profit taking might take place again
Have seen that over the past one month, after failing to breakout successfully, ACH is back at its support of 9.80. Last Friday, we had seen that buyers are defending the price strongly. Hence, with short term uptrend being quite bullish as well as long term trends showing signs of bullishness, target price could be drawn to 11.00, where profit taking might...
Can see that NYSE:BRT have been consolidating at the resistance of 14.00-14.05 since the start of April 2019, which it did not manage to breakout successfully on January and July 2018. However, over the past month the tight consolidation at the resistance have shown that buyers are willing to defend the price and is also gaining strength at the same time. Thus,...
Over the past week, we have seen some pretty good buildup at resistance for MSFT. With ideal uptrend intact and momentum indicators showing bullish sign as well, we can look forward to price at 125.00 where some long covering might take place again.
