Technical Analysis – Alibaba stock seems to have found a floor at 50-SMA

Posted on February 12, 2020 at 8:17 am GMT

Alibaba stock price found some footing around the 50-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the up leg from 151.70 to 231.00 at 212.38 and is trying to return to a bullish trend after the rebound on the 38.2% Fibo of 201.00. Regarding the technical indicators, the RSI indicator is pointing up in the 50 level with weak momentum and the MACD is in progress to create a bullish cross with its trigger line in [..]


Technical Analysis – Alibaba stock rushes to recoup losses ahead of Q2 earnings release

Posted on August 13, 2019 at 2:33 pm GMT

Alibaba’s stock price found enough footing near the 23.6% Fibonacci of the 147.82-179.33 upleg to surge above the 20-period simple moving average (SMA) in the four-hour chart. The rising MACD and the positive slope in the RSI, which is ready to exit the bearish territory, are encouraging signs for the market’s short-term performance. Should the 61.8% Fibonacci of 167.28 open the gate to the bulls, the 50-period SMA at 169.25 could next take control. Slightly higher, the area between 172.00 and [..]


US Open Preview – Dollar broadly higher as Aussie remains under pressure; ECB minutes due

Posted on August 23, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index versus a basket of currencies continued to trade higher on Thursday and is looking set to put an end to the six-day streak of declines, its longest since February. The US currency is posting gains across the board, though excluding the Aussie, they’re not sizable in nature. Euro/dollar and pound/dollar are both lower by around 0.1%, with dollar/yen up by 0.2%, not far below the 111 handle. Flash [..]


Stock Market News – Amazon, Apple & Alphabet quarterly results keep investors on edge

Posted on February 1, 2018 at 3:54 pm GMT

Corporate giants Amazon, Apple and Google owner Alphabet will be releasing earnings reports for the quarter ending December 2017 after Wall Street’s closing bell on Thursday. The consensus recommendations for all three stocks is “buy”, with the average consensus recommendation for Amazon’s Department Stores peer group being a “hold”, while Apple’s and Alphabet’s peer groups – Computer Hardware and Online Services respectively – are also holding a “buy” recommendation. Amazon’s quarterly EPS are expected to come in at $1.84, with [..]


European Open Preview – Optimistic Fed message does little for the dollar; major economies’ manufacturing PMI data due

Posted on February 1, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.2% higher on Thursday, recovering some of its recent losses, buoyed by the Fed’s slightly more hawkish tone on the US economic outlook upon completion of its two-day meeting on monetary policy. STOCKS: Japanese markets skyrocketed, with the Nikkei 225 moving 1.7% higher and the Topix surging by 1.8%, both indices regaining some of the ground they lost in recent days. In Hong Kong, the Hang Seng was [..]


Stock Market News – Facebook and Microsoft eyed as earnings season continues

Posted on January 31, 2018 at 3:05 pm GMT

Technology heavyweights Facebook and Microsoft will be releasing financial results for the quarter ending December 2017 after Wednesday’s US market close, with the former also releasing full-year results. The consensus recommendation for both Facebook and Microsoft is a “buy”, with the average consensus recommendation for their peer groups – Online Services and Software respectively – also being a “buy”. Facebook’s quarterly EPS are expected to stand at $1.95, with analysts’ average EPS estimate being revised upwards from $1.94 over the [..]


Stock Market News – Pfizer in focus as earnings season remains under way

Posted on January 29, 2018 at 2:29 pm GMT

Pharma giant Pfizer will be releasing its Q4 2017 financial results before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Pharmaceuticals peer group being a “buy”.    Pfizer’s EPS are expected to come in at $0.56, with the average EPS estimate remaining unchanged over the last four weeks. If earnings are released as expected, this would reflect an increase of more than 19% relative to Q4 2016 [..]


Stock Market News (US Open) – Central banks drive equity sentiment as markets plunge into red territory

Posted on August 17, 2017 at 1:52 pm GMT

As a result of the dovish-perceived minutes from the latest meeting of both the Federal Reserve and the European Central Bank, European equities were looking to close the day lower, following suit of their Asian peers, while US stocks fell after the market opened. The Dow Jones slid 0.24%, the S&P 500 fell 0.32%, while the Nasdaq Composite dropped 0.37%. The pan-European STOXX 600 fell by 0.18% ahead of US trading while the blue chip STOXX 50 was 0.20% lower. [..]

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