Day: July 30, 2022
Shares of Bausch Health Companies Inc. BHC, -9.41% dropped 7.8% in morning trading Friday, toward a 27-year low, after the drug and medical device maker confirmed a disappointing court decision regarding its patents protecting Xifaxan for treating irritable bowel syndrome. The stock had plunged 41.2% on Thursday after Bloomberg reported that some of the patents […]
Shares of Amazon.com Inc. AMZN, +10.36% shot up 11.8% in morning trading Friday, in the wake of second-quarter results, to put them on for the best one-month gain in more than 15 years. The stock has run up 28.8% in July, to snap a three-month losing streak in which it tumbled 34.8%, amid growing concerns […]
Type: Bullish Rise Key Levels:Resistance: 33463 Pivot: 32585Support: 31840 Preferred Case:On the H4, with price moving above the ichimoku cloud and in an ascending trendline on RSI, we have a bullish bias that price will continue to rise from the pivot at 32585 at the pullback support in line with the 78.6% fibonacci retracement to […]
Type: Bullish Rise Key Levels:Resistance: 1.07335Pivot: 1.05890Support: 1.04820 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1.05890 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price […]
• GBPAUD reversed from support level 1.7200 • Likely to rise to resistance level 1.7600 GBPAUD currency pair recently reversed up from the key support level 1.7200 (which has been reversing the pair from the start of April) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.7200 started the […]
U.S.-listed shares of Chinese internet stocks including Alibaba Group Holdings Ltd. BABA, -11.12% were sinking Friday to cap off an eventful week that saw Chinese leaders reportedly acknowledge that the country could come up shy of its growth goals. The Wall Street Journal reported Thursday that the Chinese Politburo put out a statement asking stronger […]
Bitcoin (BTC) hit a six-week high above $24,000 on July 29, extending its rally that picked up momentum after the United States Federal Reserve hiked rates by 75 basis points on July 27. If the rally sustains for the next two days, Bitcoin could be on target to close the month of July with gains […]
U.S. oil futures climbed on Friday, posting a gain for the week on tight supplies, but prices were down for the month as worries about a potential U.S. recession dulled the outlook for energy demand. Still, “with no major signs of fuel demand destruction, oil seems like it will soon find a home above the […]
