For the third time in a row, Apple reports a dip in sales as it releases its report for Q2 2023. The announcement led to a 7% drop in stock prices as more investors seemed to lose confidence in the stock’s performance.
Facebook’s price turned down
2021-07-20 • Updated
SELL 192.70; TP 188.45; SL 194.20
Facebook's stock formed a bearish “shooting star” candlestick on the monthly chart. On W1, there’s also a bearish reversal combination: an “inside bar” plus the so-called “fakey” (a failed attempt to break higher). On D1, we can see that the stock made 3 consecutive unsuccessful attempts to return above 198.50 (April high). Yesterday, the price closed below June highs at 194.00 and this opens the way down to 188.45 (23.6% Fibo retracement of the 2018-2019 advance).
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
Are you searching for trade opportunities for December 6-10? Here you go!
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.