Catch the Stock Market Rally!

Catch the Stock Market Rally!

2022-03-31 • Updated

The second day of the FBS Trading Marathon is all about stocks and indices. Luckily for you, there are several amazing trading opportunities on the stock market. Read the article and catch them all!

Tesla jumps ahead of stock split

Tesla Inc. (TESLA) surge has several reasons. First, the company started to deliver cars from its new Berlin factory. Many investors were worried that the factory won’t start its work because of “red tape and bureaucracy” but now fears are shrinking. A similar event is planned next week at Tesla's other new plant near Austin, Texas, which has already started deliveries. The two factories double the number of automotive assembly plants.

Next, there are reports that Tesla has signed a secret multi-year deal with Vale for the supply of nickel. This will help Tesla to avoid supply shortages from Russia, one of the biggest producers of nickel.

Finally, Tesla shareholders are about to vote for a stock split. The company last split its stock in August 2020. The shares gained 300% since that 5-for-1 split. Stock split opens a way for retail investors to buy more affordable shares. Thus, the stock may rise even more from the current level ($1093) or a little bit lower ($1040-1000 area). The target for a movement is $1200-1250.

Tesla daily chart

Support: 1040, 1000

Resistance: 1200, 1250


Twitter loves crypto

Twitter (TWTR) allowed its users to use their NFTs as profile pictures. Now you can show the world what crypto you have. Though it isn’t a major bullish factor for the stock, Twitter has an ace in the hole. The company started to accept donations in crypto, meaning that Twitter now can benefit from the growth of cryptocurrency users.

In the light of developments, the stock gained 32% over the last month and is likely to grow even more. Look for $42.00 per share as the next target.

Twitter daily chart

Support: 38.50, 36.20, 31.00

Resistance: 42.00, 45.25


Alibaba is about to soar

After almost a two-year-long fall of Alibaba stock (ALIBABA), it is about to make a decent upwards move. Technically, we have several reasons for it, starting from a divergence on the daily RSI oscillator, ending with the fourth touch of a descending trendline.

Look for a breakout of the $124.00 resistance level and aim for gap closing of the $148.50-159.00 area.

Alibaba daily chart

Resistance: 124.00, 148.50, 159.00, 183.00

Support: 110.00, 87.00




Stocks To Watch For March
Stocks To Watch For March

During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.

How will the reporting season affect US indices?
How will the reporting season affect US indices?

Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.

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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

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