News
Type: Bearish ReversalKey Levels:Resistance: 782’2Pivot: 765’0Support: 730’0Preferred Case:We see the potential for bearish dip from our Pivot level at 765’0 in line 61.8% Fibonacci retracement and 100% Fibonacci projection towards our 1st Support at 730’0 in line with 78.6% Fibonacci projection.Alternative Scenario:If price continues to go up, it can potentially move towards our 1st Resistance […]
Shares of Traeger Inc. COOK, -4.56% fell more than 11% in the extended session Wednesday after the grill maker reported fourth-quarter results above Wall Street expectations but guided for lower sales, saying it is feeling the pinch of inflation, dimmer consumer confidence and thinner profit margins. Traeger said it lost $33.7 million, or 29 cents […]
Nikola Corp. NKLA, -0.65% late Wednesday confirmed it started production of its electric commercial truck, the Tre, last week at its Coolidge, Ariz., factory. The EV maker had aimed for that when it reported fourth-quarter earnings last month. “We are laser-focused on delivering vehicles and generating revenue as the global leader in zero-emission transportation and […]
Shares of Oxford Industries Inc. OXM, -3.44% rose more than 5% in the extended session Wednesday after the maker of Tommy Bahama, Lily Pulitzer and other clothing brands swung to a quarterly profit, raised its dividend, and said its 2022 prospects are brighter. Oxford Industries said it earned $25.4 million, or $1.50 a share, in […]
EURCAD, “Euro vs Canadian Dollar” EURCAD is trading at 1.3878; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3895 and then resume moving downwards to reach 1.3685. Another signal in favour of a further downtrend will be […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to continue growing and reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks the support at […]