2019-11-11 • Updated
Trade ideas
SELL 175.50; TP 168.00; SL 177.00
SELL 163.00; TP 155.00; SL 166.00
BUY 181.00; TP 188.00; SL 178.00
Last week the stock of Alibaba rallied. The price moves close to the resistance line connecting April and July highs and the 100-week MA in the 175.00 area. The third time the price approaches this line is a potentially good moment for entering short positions. Keep an eye on reversal patterns in the 175.00/176.00 area. The downside targets will be around 167.70 (50-day MA). The decline below the 50-week MA at 163.70 will open the way down to 155.00 (support line).
On the upside, we will turn bullish in case of a break above 180.00 (July high). The target will be around 188.00.
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.
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!
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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