technical analysis

  1. syamfx2020

    Nvidia stock forecast and earnings preview

    Computer graphics card maker Nvidia (NASDAQ: NVDA) is set to announce its last-quarter financial results on Wednesday, May 25, after the markets close. The company is expected to post quarterly earnings of $1.3 per share and revenues are expected to be $8.12 billion. In the fourth quarter...
  2. syamfx2020

    Roblox stock rebounds 50% after earnings report: What next?

    Shares of online gaming platform Roblox Corporation (NYSE: RBLX) initial dropped more than 10% following the release of first-quarter earnings results on Tuesday, May 10. The stock plunged to a fresh 52-week low of $21.65 on May 11. While later the stock rebounded more than 50% from its recent...
  3. syamfx2020

    Bitcoin slump continues: Potential for a slide to 20k soon

    The world's most valuable cryptocurrency Bitcoin (BTC) and other cryptos are shrinking faster than Lake Mead. During the last week, Bitcoin plunged to $25,000 following the release of the latest US inflation data. The bulls have fought off an initial dip near the $25000 support, but bearish...
  4. syamfx2020

    Daily Market Report - Friday, May 13, 2022

    Shares of dating-platform company Bumble (NASDAQ: BMBL) jumped more than 25% on Thursday after the company reported stronger-than-expected first-quarter financial results. Bumble reported revenue of $211.2 million in the quarter, up from $170.7 million. According to the company, its total Bumble...
  5. syamfx2020

    Daily Market Report - Thursday, May 12, 2022

    The EURUSD fell again during the trading session on Thursday after forming an inverted hammer on Wednesday, the currency pair plunged to a 5-year low of 1.0425. The strong bearish sentiment is driven by the dollar strength and concerns about the economic fallout from the Ukraine crisis. In the...
  6. syamfx2020

    Stock to watch this week: $DIS

    The entertainment giant Walt Disney (NYSE: DIS) stock hits a fresh 52-week low of $106.48 on Monday. Disney shares have fallen almost 30% since the beginning of the year. The stock dropped another 3% on Monday ahead of the earnings report. Walt Disney is scheduled to report second-quarter...
  7. syamfx2020

    Daily Market Report - Tuesday, May 10, 2022

    Global markets including stocks, commodities and cryptocurrencies had a bearish start to a new week due to mounting worries about higher interest rates and concerns over the surging inflation’s negative impact on economic growth. Moving ahead, one of the key economic data the investors and...
  8. syamfx2020

    $NFLX crashed below $200: Is the slump over or the sell-off continue?

    Streaming giant Netflix (NASDAQ: NFLX) stock price has fallen by 40 per cent in the past 2 weeks and the stock is down more than 60% for the year to date. The streaming company’s shares fell 35.1 per cent at the close of trading on Wednesday, April 20 following the release of disappointing...
  9. syamfx2020

    EUR/USD dipped to 5-year lows: Time to buy?

    EURUSD plunged to its lowest level since the beginning of April 2017. The currency pair hits a 5-year low of 1.0540 on Wednesday. At the time of wiring, the currency pair traded at 1.0545. The strong bearish momentum is driven by the US dollar rally. The US dollar remains in favour as a haven...
  10. M

    Does technical analysis work?

    Technical analysts try to predict future price trends by studying past price action and charts. Some traders use strict technical trading rules, others take a discretionary approach. Moving averages, technical indicators that measure if a stock is overbought or oversold, trading volumes, chart...
  11. syamfx2020

    USDJPY hit 125: What’s next?

    The Japanese Yen (JPY) continues to remain sensitive after the Bank of Japan intervened to stop government bond yields from rising above its key target. The BOJ bought bonds at a quarter percent on Monday after the yield on the benchmark 10-year Japanese government bond rose to 0.245 percent...
  12. syamfx2020

    $GOOGL back above $2800. Is it too late to buy?

    Google parent company Alphabet (NASDAQ: GOOGL) shares continued the rebound and crossed above $2800 this week. Alphabet shares have taken a hit since the company announced last quarter's earnings results. The stock dropped more than $500 from the post-earnings high of $3031. Alphabet Q4...
  13. syamfx2020

    Daily Market Report - Wed, March 9, 2022

    US President Joe Biden announced a ban on US imports of Russian oil on Tuesday at a White House press conference. Biden said he made the decision in consultation with European allies but added they may not be in a position to join the US in banning Russian energy imports. “We are banning all...
  14. syamfx2020

    Is COINBASE(COIN) a good long-term buy?

    Coinbase (NASDAQ: COIN), is one of the world’s most popular cryptocurrency trading platforms. The company Founded in 2012, Coinbase has maintained its stronghold on the crypto market. The US-based crypto platform enables users to create their own cryptocurrency wallets and start buying or...
  15. syamfx2020

    Daily Market Report - Tuesday, March 8, 2022

    The price of an ounce of gold trades steady above the psychological level of $2000 on Tuesday. The strong rally was supported by the uncertainties surrounding the Russia-Ukraine crisis and rising inflation fears. For today, If the upside momentum continues then the next upside level is to watch...
  16. syamfx2020

    Daily Market Report - Tuesday, Feb 22, 2022

    The Russian rouble has dropped to a fresh 15-month low against the US dollar on Tuesday after Russian President Vladimir Putin signed a decree to recognize two breakaway regions of eastern Ukraine as independent entities. "I deem it necessary to make a decision that should have been made a long...
  17. syamfx2020

    Is Halliburton stock still a Buy?

    Oil and gas company Halliburton (NYSE: HAL) stock has risen almost 40% this year and the stock created a new 52-week high of $34.32 on Feb 16, 2022. The recent strong upside momentum is supported by the release of upbeat fourth-quarter financial results and oil prices rally. During the last...
  18. syamfx2020

    What's the next direction for BITCOIN?

    “Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” Andrew Ross Sorkin. The world's biggest cryptocurrency Bitcoin (BTC) is now trading above $43,500, up for the...
  19. syamfx2020

    Macy’s (M) held the lower trendline: What next?

    Shares of department store chain Macy’s (NYSE: M) surged 133% in 2021. Macy’s was founded in 1858 and is headquartered in New York. The company engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The stock price of Macy’s reached a fresh 52-week...
  20. syamfx2020

    GBP rebounds: Focus shifts to the BOE decision

    The Great British pound rebounded against the US dollar, Euro, and the Japanese yen on Monday ahead of the Bank of England monetary policy decision. The BOE will announce its latest decision on monetary policy on Thursday, Feb 03. Several market participants anticipate that the central bank...
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