2019-11-11 • Updated
Trade ideas
SELL 41.20; TP1 40.70; TP2 40.35; SL 41.35
Pfizer continues the downtrend since the end of the last year. Last week the stock experienced a heavy selloff. This week it tried to recover but met the resistance of the 200-day MA at 42.00.
A double top pattern with the neckline in the 41.50 area can be seen on H1. It allows bears to pull the price to 40.70 and even 40.35 (March low). The longer-term target lies around 39.30 (January low). Only the advance above 42.00 will give bulls a chance to push the price to 42.85 (100-day MA).
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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