Tesla stock set to hit $550 after S&P stamp, analyst says
Tesla stock price reported a more than 8% increase after S&P announced to add the largest electric vehicle maker to the index. Bulls applauded the news as they have long been waiting for the S&P stamp on the electric vehicle maker.
Square stock is flying on massive revenue beat, rosy outlook
Square stock price soared more than 4.5% after topping third-quarter revenue estimates by 50% and exceeding earnings target by 100%. Investors have been applauding the stunning financial performance of Jack Dorsey's payments services company.
Silver Final Push Lower to $22.00
Silver forming ABCDE trend continuation pattern prior to the US election with final E wave to complete. A bearish candle reversal is critical at the distribution zone to enter silver short to fulfil final E wave drop. Key Points: Price holding below the 200 EMA Price holding below the 50…
GBP/JPY major reversal signal at 61.8%
GBP/JPY daily chart pulling back to 61.8% Fibonacci retracement along with bullish hammer outside Bollinger band. GBP/JPY price hovering below the 50 EMA and trend line making its 4th attempt to slice through to commence the new trend. Flags, triangles, or pendants may form above the trend line for further…
AUD/USD awaiting bullish reversal for upside at 78.6% Fibonacci
Price at 78.6% Fibonacci for possible upside to tag 0.70760. Crucial to enter AUD/USD after bullish candle reversal signal. AUD/USD – Multiple signals suggesting the bounce including price outside lower Bollinger band, 78.6% Fibonacci retracement, and candle rejection. Key Points: 6% Fibonacci retracement tagged Price at lower…
GBP/AUD Bullish to 1.85160
GBP/AUD daily resistance range broken simultaneously with the 200 EMA. Looking for a pullback at 78.6% Fibonacci to the accumulation box with bullish candle reversal for confirmation to take GBP/AUD to target 1. Key Points: Volume dropping with higher high and higher low candles Price holding above the 200 EMA…
EUR/JPY Hammer for upside to 123.500
EUR/JPY 1-hour downtrend could now be over with huge spike in volume but no follow through absorbing selling pressure. Bullish hammer also confirmed at double bottom support line on daily. A clean close above the trend line would be desirable for confirmation entry, but an optimal signal can also be…
EUR/GBP two bar reversal signal at 61.8% Fibonacci
EUR/GBP holding demand zone and tightening through the compression wedge on the daily. Strong candle continuation after two bar reversal, must wait for a retracement back into the optimal entry. If price stays bullish, chasing is not desired. We could see a small flag pattern form on the 15-minute time…
PNV.ASX flag break for possible $2.80 test.
PNV.ASX breaking out of flag with strong sell off into close. A hold above $2.50 would be a great opportunity to target $2.80. PNV.ASX – Polynovo LTD is an Australian-based medical device company that designs, develops and manufactures dermal regeneration solutions using its patented NovoSorb Biodegradable polymer technology. Key…
USD/CHF bullish to 0.91500
USD/CHF forming a flat top triangle for a break to the upside. USD/CHF daily chart hitting major support found in August and September coinciding with lower Bollinger Band and 38.2% Fibonacci from August 2011 low to December 2016 high monthly chart. US dollar index may start to strengthen as risk…