Bloomberg:
- Asia stocks tumble to lowest since May 2020 on strong Dollar pain
- Goldman strategists warn stocks yet to make ‘Decisive’ low
MarketWatch:
- Apple’s satellite plans just sent this stock on a wild ride
- Apple keeps iPhone prices the same, offers free satellite connection for 2 years
The US markets made a strong bounce out of very oversold territory.
Global Indexes
S&P 500
The S&P 500 made a strong engulfing bull candle that even touched the EMA8 line. Notice that Frontrunner broke up and the MACD bards have changed to light red.
DAX
The DAX closed on its EMA8 line, and another positive move today could break first resistance.
HANG SENG
The HANG SENG remains in all negative territory. It is however moving in to oversold territory.
NYSE & NASDAQ Stocks
Tesla Inc
If you update Tesla’s data, it will show the split and look like my graph. Telsa is also bouncing up from very oversold territory.
Apple Inc
Apple is showing the first signs of a turn with a Harami candle pattern (See Lesson 9), frontrunner breaking up with a power signal and the MACD changing colors.
JSE Stocks
Platinum
The Platinum price is busy breaking up out of oversold territory with a potential of a double bottom.
Sasol Limited
The oil price is dropping and with-it Sasol. Sasol broke its sideways channel bottom support with a breakaway gap. If the pattern plays out, it could take Sasol to the R250 level.
Algomodel Startegies, Education & Features
Click on Education or go to the home page to view education posts.
Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.
All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.
