2019-11-11 • Updated
Trade idea
SELL 184.00; TP 178.00; SL 185.50
The company’s presentation on Monday didn’t save its stock from correction. The price returned below the 200-day MA (193.00) and the 50-week MA (188.60). All in all, this year the stock retraced up almost 61.8% of the 2018-2019 decline, but the psychological mark of 200.00 turned out to be too big an obstacle.
Awesome oscillator didn’t confirm the recent high of the price and a bigger correction towards the trendline support in the 178.00 area is possible if the market goes below 185.00.
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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!
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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