ONLINE FOREX BROKER
2021-05-14 • Updated
Moderna's weak financial performance made the stock price tumble recently. Yet, we have the zone above $180 as an important strategic resistance that has already sent the price downwards three times since the end of 2020. Currently, the price is supported by the 50-MA and 100-MA. A very likely scenario is that the price dips below them first - that would mean it goes under $145. After that, if bulls press on, $180 may be reached again. Will it be eventually crossed? Very possibly. First, let's watch if the price makes a U-turn around $145.
Watch the price movement around $145 and 50-MA/100-MA; if an upward reversal confirms formation, buy at $150 and hold to sell at $180.
Trading under $94, the stock price is at the crossroad - which is visible with the crossing MAs. Above all, it means it's quite unstable. But if the triangle formation proves to be correct, the stock price will likely plunge to $88 and possibly much lower than that before it starts making a new long-term uptrend.
If short-term timeframes show local bearish formations, that may be a beginning of a local downtrend - sell above $92 to buy at $88.
Remember you can trade stocks in FBS Trader!
Business-wise, Apple has good prospects, both in the long-term and mid-term. What it's going throw now is possibly a local drop that may turn out to be a sideways period. However, it already confirmed that zone $137-145 is a resistance channel that was entered several times before - the stock will return to do the same. Therefore, holding may be rewarded by an uptrend that finally breaks $145. That may be long holding, though - prepare for position trading here.
Wait for the stock to start reversing - it may happen at the support of $116 - once the reversal is confirmed, buy and hold to sell ta $145.
$550-600 is definitely a formidable support zone. The stock price is right in that zone now. The first scenario is that this zone sends the price back up again - the possible target for bulls would be at $770. If there is no bounce upwards, then you may expect it to go all the way down to $400. Tesla's outlook has enough dark spots to back a plunge this deep.
Watch if the stock resurges to the upside from the support channel $550-600. If 200-MA and $550 get crossed downwards, sell at $540 to buy around $450.
FBS Analysts are a team of ordinary people - not clairvoyants. All the recommendations expressed in this article and any other are mere opinions and under no condition should be taken as guarantees of what will happen in the future. Learn the market, practice an informed decision-making, and elaborate a reliable Forex strategy of your own. Trade responsibly.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Q4 earnings season has been interesting, mainly because of the turbulent global economic outlook. On this premise, analysts forecast a disappointing performance for several stocks ahead of the Q4 earnings report publishing.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
