Risk Assets Ahead of Rally: What to Buy?

Risk Assets Ahead of Rally: What to Buy?

2022-08-12 • Dikemaskini

US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected. The expectations of an upcoming inflation decrease and the fact that, despite the Federal Reserve's aggressive interest rate increases, companies remain profitable, and the jobs market is still in good shape helped to improve investors' sentiment.

Moreover, on Thursday, the Producer Price Index (PPI) also confirmed possible cooling of inflation, as numbers underperformed the forecasts.

The NASDAQ 100 (US100) is a capitalization-weighted index, which includes companies from major industry groups, such as computer hardware/software, retail/wholesale trade, biotechnology, and telecommunications.

Usually, investors treat these companies as risky investments as many have low revenue relative to debt. Therefore, this index is the main indicator of the traders' and investors' risk sentiment.

Nasdaq article.jpeg

US100 breakout on the D1 timeframe

What to trade?

US100

If US100 doesn’t return under the trendline by the end of the week, traders might consider buy trades with the target at 14 000.

CCL, Daily chart

CCLDaily.png

Although the stock of Carnival Corporation isn't included in US100, the overall stock market growth might boost CCL. The price has formed a triple bottom pattern with the resistance at $11.10. Traders should consider buying the stock after the breakout of this level, with the target at $13.35 (21% potential profit).

AMD, weekly chart

AMDWeekly.png

The price has formed a double bottom inside of the bullish wedge. The wedge breakout has already happened, highlighting the possibility of an upcoming pump. Traders should consider buying AMD stock after the price breaks above $110.00, with the target at $135.00.

Coinbase, daily

COINDaily.png

COIN broke out of the horizontal consolidation, and currently, the price is retesting the breakout from above. If buyers hold the $80.00 support, they will have all chances to push the stock to $155.00.

Nvidia, daily

NVIDIADaily.png

Nvidia is consolidating between 163.00 and 193.00. Currently, the price is forming an inverted head-and-shoulders pattern. The breakout of 193.00 resistance will confirm the pattern and set the target at 230.00.

If the price goes below 163.00, it will go towards 145.00.

Tesla, daily chart

TESLADaily.png

Tesla stock is trading inside the inverted falling wedge, which usually works as a bullish pattern. If the price breaks above 935.00, traders should consider following the trend with the target at 1040.00. Trade declines if the price falls below 825.00.

Apple, weekly chart

APPLEWeekly.png

Apple stock also moves inside an inverted falling wedge. The rally will start after the breakout of the wedge’s upper border. In this case, the first targets will be 182.00 and 212.00.

If the price doesn’t break the resistance, it will decline to 155.00.

Do you want to get updates Live? Subscribe to the @FBSAnalytics Telegram Channel where I post more daily trade ideas!

 LOG IN

Serupa

Saham-saham Terbaik untuk Dibeli di Bulan April! 
Saham-saham Terbaik untuk Dibeli di Bulan April! 

Menjelang bulan April, para pelabur sedang mencari peluang terbaik dalam pasaran saham. Terdapat dua industri yang berkembang pesat yang kelihatan positif untuk jangka masa terdekat; saham-saham kenderaan elektrik (EV) dan perbankan.

Berita terkini

Deposit dengan sistem pembayaran tempatan anda

Notis pengumpulan data

FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.

Callback

Pengurus akan menghubungi anda dalam amsa terdekat

Tukar nombor

Permohonan anda telah diterima

Pengurus akan menghubungi anda dalam amsa terdekat

Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam

Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat

Masalah dalaman. Sila cuba sebentar lagi

Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!

Anda sedang menggunakan pelayar web yang versinya sudah lapuk.

Kemaskini kepada versi terkini atau cuba pelayar lain untuk penggunaan yang lebih selamat, selesa dan produktif.

Safari Chrome Firefox Opera