Tag: tickmill
Type: Bearish ReversalKey Levels:Resistance: 239.15Pivot: 235.90Support: 230.05Preferred Case:We see the potential for a bearish dip from our pivot at 235.90 in line with 61.8% Fibonacci projection and 138.2% Fibonacci extension towards our 1st support at 230.05 in line with 38.2% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator where price is trading […]
Type: Bearish DipKey Levels:Resistance: 2748Pivot: 2697Support: 2596Preferred Case:We see the potential for a bearish dip from our pivot at 2697 in line with 78.6% Fibonacci projection and 138.2% Fibonacci extension towards our 1st support at 2596 in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is supported by price trading below […]
Type: Bearish DipKey Levels:Resistance: 20.69Pivot: 20.36Support: 19.86Preferred Case:We see the potential for a bearish dip from our pivot at 20.36 in line with Fibonacci extension towards our 1st support at 19.86 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading at […]
Coca Cola Shares ReboundFollowing a tricky period across the middle of Q1, Coca Cola shares have rebounded firmly in recent weeks and are now trading at fresh, all-time highs. The company saw its stock price plunge by around 9% in March as investors scorned KO for now immediately joining the wave of global corporates boycotting […]
The markets’ focus next week should continue to remain on commodity prices, disruptions in trade and supply of commodities. The inflation they generate is difficult to manage by Central Banks of developed countries, as it can only be suppressed by destruction of consumer demand, which is fraught with even greater economic and political troubles.A good […]
US market researcher Jim Bianco warned that the Federal Reserve’s decisive steps to curb runaway inflation would hurt Wall Street. In his opinion, all financial assets may suffer, writes CNBC.At the end of 2021, Bianco turned bearish on the stock market citing inflation as the biggest risk. The fault of the Fed is, in his […]
Type: Bearish ReversalKey Levels:Resistance: 45637Pivot: 44565Support: 42905Preferred Case:With price moving below the Ichimoku indicator, we have a bearish bias that price will drop to our 1st support of 42905 in line with the swing low support from our pivot of 44565 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may rise […]
Type: Bearish ReversalKey Levels:Resistance: 1.27021Pivot: 1.25985Support: 1.24267Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support of 1.24267 in line with the swing low support from our pivot of 1.25985 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price […]
Type: Bullish BounceKey Levels:Resistance: 1950.6Pivot: 1921.5Support: 1915.8Preferred Case:Prices are consolidating in a triangle pattern . We see the potential for further bullish continuation from our Pivot at 1921.5 in line graphical overlap and 61.8% Fibonacci retracement towards our 1st resistance at 1950.6 in line with 127.2% Fibonacci Projection . Our bullish bias is further supported […]
Type: Bearish DipKey Levels:Resistance: 25.065Pivot: 24.8Support: 24.230Preferred Case:Prices are consolidating in a triangle pattern . We see the potential for a dip from our Pivot at 24.8 in line with 78.6% Fibonacci Projection towards our 1st support at 24.230 in line with 61.8% Fibonacci Projection . RSI is at levels where dips previously occurred and […]