Escenario bajista: Ventas por debajo de 18100 con TP1:17900, TP2:17814 y 17630 // Escenario alcista anticipado: Compras intradía sobre 18130 con TP: 18219, TP2: 18270 y TP3: 18428
Risk Assets Ahead of Rally: What to Buy?
2022-08-12 • Actualizada
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected. The expectations of an upcoming inflation decrease and the fact that, despite the Federal Reserve's aggressive interest rate increases, companies remain profitable, and the jobs market is still in good shape helped to improve investors' sentiment.
Moreover, on Thursday, the Producer Price Index (PPI) also confirmed possible cooling of inflation, as numbers underperformed the forecasts.
The NASDAQ 100 (US100) is a capitalization-weighted index, which includes companies from major industry groups, such as computer hardware/software, retail/wholesale trade, biotechnology, and telecommunications.
Usually, investors treat these companies as risky investments as many have low revenue relative to debt. Therefore, this index is the main indicator of the traders' and investors' risk sentiment.
US100 breakout on the D1 timeframe
What to trade?
US100
If US100 doesn’t return under the trendline by the end of the week, traders might consider buy trades with the target at 14 000.
CCL, Daily chart
Although the stock of Carnival Corporation isn't included in US100, the overall stock market growth might boost CCL. The price has formed a triple bottom pattern with the resistance at $11.10. Traders should consider buying the stock after the breakout of this level, with the target at $13.35 (21% potential profit).
AMD, weekly chart
The price has formed a double bottom inside of the bullish wedge. The wedge breakout has already happened, highlighting the possibility of an upcoming pump. Traders should consider buying AMD stock after the price breaks above $110.00, with the target at $135.00.
Coinbase, daily
COIN broke out of the horizontal consolidation, and currently, the price is retesting the breakout from above. If buyers hold the $80.00 support, they will have all chances to push the stock to $155.00.
Nvidia, daily
Nvidia is consolidating between 163.00 and 193.00. Currently, the price is forming an inverted head-and-shoulders pattern. The breakout of 193.00 resistance will confirm the pattern and set the target at 230.00.
If the price goes below 163.00, it will go towards 145.00.
Tesla, daily chart
Tesla stock is trading inside the inverted falling wedge, which usually works as a bullish pattern. If the price breaks above 935.00, traders should consider following the trend with the target at 1040.00. Trade declines if the price falls below 825.00.
Apple, weekly chart
Apple stock also moves inside an inverted falling wedge. The rally will start after the breakout of the wedge’s upper border. In this case, the first targets will be 182.00 and 212.00.
If the price doesn’t break the resistance, it will decline to 155.00.
Do you want to get updates Live? Subscribe to the @FBSAnalytics Telegram Channel where I post more daily trade ideas!
Similar
Escenario principal: Compras sobre 15346 con TP: 15480 con S.L. por debajo de 15310 Escenario alternativo: Ventas por debajo de 15300 con TP1: 15227 y TP2: 15145
El pasado jueves 3 de agosto de 2023, Apple anunció sus resultados financieros correspondientes al tercer trimestre fiscal de 2023...
Últimas noticias
Escenario bajista: Ventas por debajo de 1.0820 / 1.0841... Escenario alcista: Compras sobre 1.0827...
Escenario bajista: Ventas por debajo de 2200 / 2194... Escenario alcista más próximo: Compras sobre 2197... Escenario alcista tras retroceso: Considera compras en torno a cada zona de demanda...
Escenario bajista: Ventas por debajo de 5220 ... Escenario alcista: Compras sobre 5225 (Si el precio falla en romper por debajo con decisión)