The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
GE: in a good position
2021-01-26 • Updated
GE reports its quarterly earnings at 15:00 MT time today.
Overall, GE appears to be in a good strategic position. Even if it doesn’t beat the market expectations on the coming earnings report, it seems to be worth to buy to make mid-term gains.
The consensus EPS forecast is $0.08 (against $0.21 a year ago). While the virus hit the production process of this company quite hard making it spend a lot of cash in 2020, it seems to have managed to recover well and possess enough financial capacity to carry on with its plans. In all core segments of its business such as aviation and power, the company has optimized its approach to financing to focus on profitability. In addition to that, Q4 is traditionally strong for GE. Therefore, the overall tactical and strategic outlook for GE is pretty positive.
Previously, things weren’t looking quite good for GE’s stock. As the company has been struggling to bring consistent revenues, investors have been holding mostly a bearish view on its stock. It was roughly above $6 per share at the end of 2018 but then the price reversed to the upside as the tech-giant started re-visiting the financial workings of the company. When the virus hit, the stock was going up and was trading at $13. Losing more than 50% of its value, it was at $6 again just several months ago. Currently, it trades at $11.
In the mid-term, the stock looks prepared to jump to the resistance of $11.70 and break it. The support of 50-MA touched by the current stock price seems to provide technical reassurance of that. If the marked channel stays in power, the stock will be challenging the tactical resistance of $13 by the end of March.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area.
- Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
- Start trading!
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
People all over the world love kind and colorful Disney cartoons. What if we say that you can both adore the pictures and trade stocks of the company that creates them?
For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances
Let's start off with a look at the Daily timeframe on Bitcoin. We currently see price reacting to the rally-base-rally demand zone between the 15,600 - 14,300 price area. Price also seems to have found support off the trendline support as marked in the image above. Interestingly, this means the overall bias on BTCUSD is Bullish.
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.