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Tesla stock maintains a positive picture; rally takes a breather. Tesla sellers are currently attempting to halt further gains past the 360 hurdle. The stock gapped above the 200-day simple moving average (SMA) and the 266 swing high of July 24, overstretching the price, resulting in nearly all the declines from December
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USD/JPY consolidates at 50.0% Fibonacci, squeezed by Bollinger bands. USD/JPY is currently resting at the 108.43 level, which is the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. The pair appears to be adopting a short-term sideways move, something also reflected by the mostly flat 100-day simple moving average
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GBP/JPY continues to bounce between the 140.70 and 139.40 boundaries, constructing a rectangle which looks to be a bullish formation as the pattern follows an uptrend started from the 3-year low of 126.53. The double bullish cross of the 20-day simple moving average (SMA) with the longer 50- and 200-day SMAs is another
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AUD/USD remains bearish; 23.6% Fibonacci pauses sellers’ efforts. AUD/USD, although looking bearish, has eased its descent, caught between the 100-day simple moving average (SMA) – located at the 0.6831 resistance – and the 0.6767 support. The latter is the 23.6% Fibonacci retracement of the down leg from 0.7081 to 0.6670, where the
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Summary It's been a rough 12 months for CenturyLink, but if you are a long-term Investor as I am, don't jump ship yet. Management is committed to reducing the company's debt so although dividend hikes are unlikely, so are any further dividend cuts. The current share price is undervalued in my opinion
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EUR/CHF staged a spectacular rebound last week to surpass its shorter-term simple moving averages (SMAs) and enter the Ichimoku cloud in the four-hour chart. Buyers seem to have the upper hand as the MACD keeps extending positive momentum, the RSI is comfortably above its 50 neutral level, and the triple exponential
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EUR/USD looks bearish despite recent bounce off 23.6% Fibonacci. EUR/USD is trying to push over the upper boundary of the Ichimoku cloud at 1.1063 after the drop on November 4 bounced off the 1.1005 support, which is the 23.6% Fibonacci retracement of the down leg from 1.1411 to 1.0878. However, the bearish
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Summary The REIT space is heating up as investors turn to stable cashflow-generating real estate assets due to fears of an impending economic downturn. Vornado is a Class-A REIT operator in the segment with a long track record and proven management. Vornado is currently underappreciated by Wall Street, which in particular is
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GBP/JPY sustains a neutral stance lasting nearly a month. GBP/JPY is currently below the 50-, 100- and 20-period simple moving averages (SMAs), having been bound within a trading range of 141.47 to 138.85 for almost a month. It is evident that directional momentum has evaporated, something also supported by the above mentioned
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USD/CAD looks to rebound near the ascending trendline. USD/CAD is testing the upward-sloping trendline drawn from the 3-month low of 1.3041 in the four-hour chart following Thursday’s pullback from the 1.3269 high. According to the fast Stochastics, the odds for a rebound are increasing as the indicator is preparing to post a bullish
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