Disney has been experiencing mixed results in its recent earnings, reflecting both strong progress in streaming profitability and ongoing challenges in its theme park operations. The stock is now approaching a crucial zone between $80 to $90, which is a point of interest for potential reversal. Here's a breakdown of possible scenarios: Bullish Scenario : If...
What is a Volume Profile? A Volume Profile is an advanced charting tool that plots the amount of trading activity (volume) across different price levels over a specific period. Unlike traditional volume indicators that only show volume over time, Volume Profiles provide insights into where the majority of trading took place, highlighting key areas of support...
The price of gold has recently surged to a new all-time high, driven by the anticipation of interest rate cuts by the U.S. Federal Reserve. Gold traders are predicting that the Federal Reserve will implement two rate cuts this year, which is boosting the appeal of gold as a safe-haven asset. Historically, when interest rates are low, gold prices rise due to the...
Shell (SHEL) is navigating significant financial and operational challenges. The company recently announced a delay in the construction of its biofuel plant in Rotterdam, which was initially expected to be operational this year but has now been postponed to 2030. This delay has resulted in a financial setback of at least €554 million, potentially escalating to...
Exciting times for BYD as the company announces a significant $1 billion investment to establish a major electric vehicle factory in Turkey. This strategic move is set to help BYD circumvent the recent EU tariffs on Chinese electric cars, creating 5,000 jobs and enhancing their production capabilities to 150,000 vehicles annually. This development not only...
The number of oil tankers heading to China has dropped to its lowest in nearly two years, indicating weaker demand in the world's second-largest economy. Bloomberg reports only 86 supertankers en route over the next three months, the lowest since August 2022. Current Scenario: After holding $70 on the weekly chart, oil prices are attempting to reach new highs...
The European Union (EU) and the United States have increased scrutiny and imposed higher tariffs on Chinese imports, particularly electric vehicles and strategic materials like gallium and germanium. These measures are designed to protect domestic industries from what are perceived as unfair trade practices and subsidies by the Chinese government. Additionally,...
Nike's latest earnings report revealed a significant drop in sales over the past three months, particularly in China and in the lifestyle and classic sneaker segments. Despite some gains in basketball apparel and running shoes, the overall sales figures fell short of expectations, leading to a substantial drop in Nike's stock price. Our analysis indicates a...
Currently, we are witnessing selling pressure on the Fastned stock without significant buying interest. However, by examining historical data, we can identify a point of interest around the €13.36 level. This area has previously acted as a support zone, making it a potential accumulation point. Recent developments support this analysis. Fastned recently raised...
Hello traders! 📈🔍 Taking a detailed look at DXY's technical analysis, it's evident that a crucial support has materialized at 102.564. This level bears significance, and a confirmed support could pave the way for potential upward movements. To validate this support, we'll be closely monitoring if the price can sustain itself above 104.213, with a potential...
I've got some exciting news for you! 🎉 The S&P500 has just broken its downtrend line, which could be a sign of a potential long opportunity! 📈 Here's the details: 📊 The S&P500 broke the downtrend line on November 13th at 4393.57. This is a significant level to watch, as it could indicate a possible change in trend. 💡 The next key resistance level to watch is...