2021-07-20 • Updated
SELL 164.80; TP1 163.40; TP2 160.00; SL 165.00
BUY 167.10; TP1 169.30; TP2 171.00; SL 166.80
Despite various problems that hit the company in March, Facebook stock is doing rather well. Bears won’t be able to pull for a big decline as long as the price is above 159.80, the area which acted as support in February and March. Daily MAs are in the positive setup. At the same, there’s strong resistance around 165.95 and 167.90 (weekly MAs). As long as it holds, bull won’t be able to make a big leap up.
In the upcoming sessions, the stock may try to violate the short-term support line at 164.85. If it falls below this level, the target will be at 163.40 and probably even 160.00. An advance above 167.10 will open the way to 169.30 and 171.25.
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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