TAGS: Technical analysis
News in Brief
Bloomberg:
- Asia stocks mirror US declines
MarketWatch:
- Apple downsizes, delays its autonomous car plans
- Bank of America stock plunges, leading selloff in shares of largest US banks
- US trade deficit jumps 5% to four-month high as global economy
The profit taking now turned into selloff.
Global Indexes
S&P 500
With the latest selloff on the S&P 500 its MACD also turned red.
DAX
The DAX also closed below its EMA8 line. The sideways movement is not broken downwards yet.
HANG SENG
The HANG SENG is holding up well and is also busy with a sideways movement.
NYSE & NASDAQ Stocks
Bank of America Corp
Bank of America triggered the selloff on US markets when it dipped below its 200-day moving average. It has now dropped below all resistances into all negative territory.
Solaredge Technologies Inc
Solaredge Technologies did not complete its J-Curve and is following the rest of the market downwards.
JSE Stocks
JSE All Share
The JSE All Share made another uncertain candle. It will most probably follow the global markets lower?
Spar Group Ltd
Spar Group is bouncing on support after its recent selloff.
Algomodel Strategies, 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.
