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

TESLADaily.png

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

TWTRDaily.png

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

 ALIBABADaily.png

LOG IN 

Similar

Top Stocks to Trade this Earnings Season
Top Stocks to Trade this Earnings Season

The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.

Top Stocks to Invest in 2023
Top Stocks to Invest in 2023

The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.

MSFT faces gloomy forecasts ahead of earnings report
MSFT faces gloomy forecasts ahead of earnings report

In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.

Latest news

Gold’s Next Move Could Be Huge!
Gold’s Next Move Could Be Huge!

Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.

What to Trade in June
What to Trade in June

Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!

Will GBP Recover Now?
Will GBP Recover Now?

The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera