ONLINE FOREX BROKER
2021-01-26 • Updated
Microsoft is about to report its quarterly earnings on January 27, at 00:30 MT time.
The expected EPS is $1.61 against $1.51 for Q4’2019. Apart from total revenue and other general indicators, that’s the main figure most investors will be looking at. What does its stock performance look like?
Tactically, it’s been trading under the resistance of $230 since August. While the local lows have been gradually moving upwards in line with the 50-MA and 100-MA, the resistance hasn’t. That suggests the accumulation of bullish potential that would eventually break the resistance of $230. The question is when. Technically, the “logic of the triangle” still requires one or two downswings before the flat upper side gets broken. However, if Microsoft reports good Q4’2020 results that beat the market expectations, there is a high likelihood that the price will go above $230.
Strategically, while the overall trajectory of the price performance is definitely an upward curve, every now and then it gets down to dip into the 50-MA. Currently, it is considerably above the Moving Average. That begs the question: will it dip again? Very possibly, and it has nothing to do with the quarterly report. The stock may break the resistance of $230 and then plunge, or just plunge. The thing is, the growth of a stock value is like a machine engine: it gets overheated by the constant expansion and needs to cool off sometimes. That may not happens in months from now – or, it may happen quite soon. Watch for the signs of reversals and look into the details of the quarterly report.
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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.
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.
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