Stock market: Netflix is strong
Netflix stock closed yesterday above February and March highs in the 371.00 area.
Stock market: Pfizer has problems
Trade ideas
SELL 41.20; TP1 40.70; TP2 40.35; SL 41.35
Pfizer continues the downtrend since the end of the last year. Last week the stock experienced a heavy selloff. This week it tried to recover but met the resistance of the 200-day MA at 42.00.
A double top pattern with the neckline in the 41.50 area can be seen on H1. It allows bears to pull the price to 40.70 and even 40.35 (March low). The longer-term target lies around 39.30 (January low). Only the advance above 42.00 will give bulls a chance to push the price to 42.85 (100-day MA).
Elizabeth Belugina
Similar
Gold got new strength
The outcome of the Federal Reserve’s meeting was dovish enough to let gold prices soar.
Stock market: targets for Google
Google stock has been trading on the upside since the start of the year.
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
