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Type:Bearish Drop Key Levels:Resistance: 1738.4Pivot: 1780.8Support: 1680.2 Preferred Case:On the H4, with the price moving below the ichimoku cloud and RSI is showing a descending trend, we have a bearish bias that the price may drop form the pivot at 1777.8, which is in line with the overlap support and 61.8% fibonacci projection to the […]
In a recent Twitter Space, Capriole Fund founder Charles Edwards told Cointelegraph that BTC could go lower, but currently reflects “incredible deep value” based on multiple price metrics. 2854 Total views 9 Total shares $20,000 is no longer support. $100,000 didn’t happen. The Bitcoin halving is 562 days away. Bears simply refuse to release their […]
Oxford Industries Inc. OXM, +3.83% hiked its outlook late Monday following an announcement it closed on its acquisition of clothing brand Johnny Was. The company said inclusion of the $270 million acquisition and strong direct-to-consumer sales at its Tommy Bahama and Lilly Pulitzer brands boosted third-quarter expectations to adjusted earnings of $1.10 to $1.30 a […]
U.S. stocks finished higher on Monday after wavering between gains and losses for most of the session as investors wait for the Federal Reserve to deliver another jumbo interest-rate hike later this week. The S&P 500 SPX, +0.69% advanced 26.56 points, or 0.7%, to 3,899.89. The Dow Jones Industrial Average gained 197.26 points, or 0.6%, […]
All three major indexes moved with little conviction in the final hour of trading on Monday, as investors remained reluctant to put on big positions ahead of Wednesday’s anticipated rate decision from the Federal Reserve. Dow industrials DJIA, +0.64% were up 55 points, or 0.2%, while the S&P 500 SPX, +0.69% was up by 8 […]
Shares of Amazon.com Inc. AMZN, +0.91% gained 0.2% in afternoon trading Monday, after falling 2.2% in the previous session in the wake of package delivery giant FedEx Corp.’s FDX, +1.17% big profit miss and warning. Analyst Justin Post at BofA Securities said Amazon will not be immune from the global slowdown in package volumes FedEx […]