2019-11-11 • Updated
Trade ideas
SELL 18.50; TP 17.70; SL 18.70
BUY 19.35; TP1 20.00; TP2 20.70; SL 19.15
The shares of HP lost more than 10% in February. It was reasonable to expect that the first week of March would bring some relief. However, that didn’t happen. Last week the price moved even lower dropping to the minimal levels since the end of August. As you may guess, the reason for the decline was a disappointing earnings report that showed the company’s printing segment struggling to grow amid heightened competition.
All in all the stock has become rather cheap and may attract new demand. However, the weekly chart still shows the scope of the decline to 200-week MA at 17.65. This level will definitely limit the downside. At the same time, to test resistance at 20.00 and 20.70, the price needs to rise above 2018 lows at 19.30.
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!
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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