Day: April 28, 2022
Deutsche Bank, one of the first major global investment banks, recently stated in its report that the global economy will face a recession next year. Some time later, bank analysts came up with an even more depressing forecast, which says that markets may underestimate its scale, as the strong increase in inflation expectations will force […]
Type: Bullish BounceKey Levels:Resistance: 223.45Pivot: 218.70Support: 213.60Preferred Case:Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 218.70 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance level of 223.45 which is in line with 38.2% Fibonacci retracement.Alternative […]
Stocks finished mostly higher, but off session highs, as a rebound attempt lost steam in afternoon trade. The Nasdaq Composite COMP, -0.01%, which attempted to bounce back after dropping 4% on Tuesday to post its lowest close since December 2020, gave up gains to end around 2 points lower, a loss of less than 0.1%, […]
Align Technology Inc. ALGN, -0.24% stock fell more than 22% in the extended session Wednesday after the maker of Invisalign aligners and other orthodontic products missed first-quarter expectations, saying that the quarter was “tougher than expected” as “COVID lockdowns, weaker consumer confidence, inflationary pressures, and the Russia/Ukraine conflict have created headwinds.” Align said it earned […]
