US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
DISNEY: poised to rise
2020-11-18 • Updated
Disney presented pretty strong quarterly results recently. It beat the market expectations in most indicators, including the revenue (which fell less than observers thought) and the per-share profit (which was not as deep in the negative zone as expected).
Things with Disney+ seem to go well: the number of subscribers to the streaming service surpassed 70 million in the previous quarter – something that Disney was planning to achieve several years from now. In general, the company sees very strong demand projections in the next year the one that follows. Together, these observations lead to believe that this stock may be a good investment and trading option.
Technically, the price is now at the upper border of the uptrend it’s been in since the very beginning of recovery. However, be careful: it’s pretty volatile. Same like Tesla that was announced to enter the S&P yesterday and has already lost the gain it made after a surge on that news, Disney may well get back down to the ranges of $135 before passing $145. In the long-term, though, it indeed looks like a sфfe bullish option for traders.
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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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
