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.
NZD/USD: opportunity for bulls at key Fibo zone
2019-11-11 • Updated
Bulls are trying to gain traction in the NZD/USD pair around 0.7227; a level which coincides with the 61.8% Fibonacci retracement area and it could give a boost to the Kiwi in order to resume the upside’s trend. If that happens, we could project the first target around 0.7324 and this scenario is likely to happen given to the fact that 200 SMA is hovering around the Fibo zone mentioned above.
To the downside, if June 15th lows give up to the bearish bias, we might expect a downside acceleration towards 0.7163 and 0.7131; levels that are part of the Fibonacci expansion plotted during all the cycle started and finished on June 15th.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
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.
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