Day: May 24, 2022
Type: Bearish ContinuationKey Levels:Resistance: 103.235Pivot: 102.830Support: 102.370Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will drop to our support in line with the horizontal swing low support and 78.6% fibonacci projection from our pivot in line with the horizontal pullback resistance.Alternative Scenario: Alternatively, price may break pivot structure […]
The U.S.-listed shares of Nio Inc. NIO, -2.68% dove 4.8% in morning trading Monday, to buck the rally in the broader stock market, after fellow China-based electric vehicle maker XPeng Inc. XPEV, -5.54% provided a disappointing second-quarter revenue outlook. Nio’s stock drop comes after it had bounced 29.3% over the past seven sessions, off the […]
The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate Bitcoin (BTC) to spend some time in a range before “a real breakout.” The seven-day moving average of the on-chain transaction volume tracked by […]
All three major stock benchmarks ended sharply higher Monday, kicking off the week with gains as shares in the financials sector jumped. The Dow Jones Industrial Average DJIA, +1.98% closed up almost 619 points, or about 2%, while the S&P 500 SPX, +1.86% climbed around 1.9% and the Nasdaq Composite COMP, +1.59% rose about 1.6%, […]
