Given the strength of the support level 156.00, EURJPY is likely to correct up after reaching this price level.
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Advanced Markets (UK) Limited has appointed Oksana Remez as Head of Business Development to lead the company’s global sales strategy, driving business development and fostering client relationships.
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Noch ein weiteres Mal die klassische weiße Bluse? Ein Weihnachts-Pullover mit Rentiermotiv? Nope! Rebecca Mir zeigt, wie dieses Piece mit verstaubtem Image zum Fashion-Liebling für Winter 2024 avanciert.
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NASDAQ has just broken the H4 countertrend with a nice trigger candle, heading towards the H4 target fibo 138.2 and the weekly target fibo levels. Valid until the H4 waves keep going north. Please feel free to share you thoughts on this!
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Salesforce NYSE:CRM will release its fiscal Q3 results Tuesday (Dec. 3) at a time when the customer-relationship-management software provider is up some 50% year to date, handily beating the S&P 500. Let’s see what the stock’s fundamental and technical analysis says. Salesforce’s Fundamental Analysis As I write this, analysts’ consensus estimate calls for Salesforce -- which offers increasingly cloud-based, AI-focused CRM software -- to report $2.45 in non-GAAP adjusted earnings per share on $9.4 billion of revenue for the three months ended roughly Oct. 31. That would compare fairly well with $2.11 in non-GAAP EPS and $8.7 billion of revenues in the same period last year. In late August, the firm guided revenues for the latest period to about $9.3 billion to $9.4 billion, so analysts’ consensus view is toward the higher end of that range. Meanwhile, 24 of the 36 sell-side analysts that I can find who cover Salesforce have increased their earnings estimates since the current quarter began, while the remaining 12 have cut their numbers. As for Salesforce’s balance sheet, the company had a $12.6 billion cash position as of July 31 after reporting $755 million of free cash flow in its fiscal Q2 and $11.5 billion over the trailing 12 months. Current assets also totaled $21.9 billion as of July 31 vs. $21 billion in current liabilities. That liability print included no short-term debt, but $15.2 billion in unearned revenue -- which as we know is not a true financial obligation, but an obligation of goods and/or services owed. This put the firm's current ratio -- which was barely above the key 1.0 level at the headline -- at an envious 3.78 when adjusted for those unearned revenues. In my opinion, that’s a healthy balance sheet. Salesforce’s Technical Analysis Now let’s look at CRM’s year-to-date chart: https://www.tradingview.com/x/6aAARHHC/ Readers will see that the stock has completed a “cup” pattern that began back in early March, and then added a “handle” just this month. Now, as a cup adds a handle in a cup-with-handle pattern, a stock’s pivot point traditionally moves from the cup’s left-side apex to its right-side apex. That would put CRM's pivot point at $348 -- not far from the $331.92 that Salesforce was trading at as of Monday morning. Obviously, a take and hold of that $348 pivot could prompt many investors to set a significantly higher target price for the stock. Meanwhile, readers will also note that Salesforce has already taken and so far held its 21-day Exponential Moving Average -- or “EMA,” denoted with a green line in the above chart. The stock has also taken and held its 50-day Simple Moving Average (or “SMA, denoted with a blue line) and its 200-day SMA (the red line above). So, there’s already an uptrend in place. This is confirmed by Salesforce’s Relative Strength Index (or “RSI”), as marked with the gray line at the top of the above chart. Salesforce’s RSI was at 59.25 as I wrote this. Anything above 70 is considered to be technically overbought, but anything between 50 and 70 is considered to be positive. The one potential fly in the ointment is Salesforce’s daily Moving Average Convergence Divergence indicator -- or “MACD,” marked with the black and gold lines and blue bars at the chart’s bottom. The stock’s MACD is currently postured bullishly, but is in a tenuous position. Yes, Salesforce’s 12-day EMA (the black line) is above its 26-day EMA (the gold line) -- but just by a smidgen, and that always could change. The stock’s MACD is now in a tenuous position. Salesforce’s 12-day EMA (the black line) is running concurrently with its 26-day EMA (the gold line). Both are still well above zero -- which is a positive -- but that could always change. And one less-than-positive development is in the histogram of the stock’s 9-day EMA (the blue bars above). It has slipped slightly below zero -- not necessarily a warning sign, but a potentially skittish one. Add it all up and I see Salesforce’s chart as a positive one overall -- but one that leaves just enough doubt to consider downsizing highly exposed positions, or at least hedging your risk ahead of next week’s earnings. (Moomoo Markets Commentator Stephen “Sarge” Guilfoyle had no position in Salesforce at the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
Hi Market Enthusiasts! Bitcoin approached the 100k price mark and is experiencing its first decrease in momentum after four consecutive green weeks. In this post, we'll examine where we stand in the four-year cycle and the significance of the pivotal 100k milestone for Bitcoin. Bitcoin position in the 4 year cycle In our post about Bitcoin cycles , we highlighted its cyclical nature and noted that the bull phase typically lasts about 150 weeks. Currently, we are in week 108 of this cycle's bull phase, suggesting there could still be some positive price action ahead. Importance of the $100k Price Level We have discussed the importance of round numbers in one of our posts . Round numbers like $100k often act as psychological barriers, influencing trader behavior. These levels frequently serve as key support or resistance points, prompting many to take profits or adjust orders strategically. In his book Technical Analysis of the Financial Markets, John J. Murphy highlights the importance of caution when trading near such levels: "Traders aiming to sell on a bounce should set resting sell orders slightly below round numbers. Conversely, when setting protective stops on existing positions, it's wise to avoid placing them at obvious round numbers." Correction Bitcoin experienced its first correction after four consecutive weeks of gains, initially dropping 10% before recovering most of the loss to close the week with a 1% decline. In previous bull runs, Bitcoin corrections ranged from 10-30%, and in some cases, even more. The duration of corrections can vary, lasting anywhere from a few days to several weeks. Do you think the correction is over? If not, how long do you expect it to last, and how deep could it go? When do you think Bitcoin will test the $100k level again? Let us know in the comments