TAGS: How to analyze shares
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News in Brief
Bloomberg:
- Asian equities fluctuate; Yuan, Yen in limelight.
- Stock traders put Fed aside in quarter-end battle.
- Stock traders revive AI bid after economic signals.
MarketWatch:
- Opinion: This new bull market is just getting started. Buy stocks on weakness.
- Cathie Wood’s ARK sells $7 million more in Tesla stock.
- Nvidia stock selloff presents a ‘buying opportunity,’ analysts say as they shrug off China fears China.
- Opinion: George Soros: ‘I am instinctively opposed to AI, but I don’t know how it can be stopped.’
yahoo! finance:
- All 23 banks survive Fed’s 2023 stress test.
- Biden tries to turn economy into strength.
- Strong economic data is turning recession fears into doubts.
- Wall Street sticks with Nvidia amid fresh chip curb concerns.
All global markets are showing signs of a turn with the US very cautious.
Global Indexes
S&P 500
The S&P 500 is still very cautious about its new direction and closed unchanged above its EMA8 line.
DAX
The DAX made a breakaway gap after the hammer candles to close on two resistance lines.
HANG SENG
Its 200-day moving average is acting as strong resistance for the HANG SENG and it is bouncing down from this resistance.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA is still in a correction phase after its huge surge with the export scare not having a significant effect on the stock price. It was in overbought territory and is moving into oversold territory with the current correction.
C3 Ai Inc
C3 Ai made a strong bounce on strong support in oversold territory.
JSE Stocks
JSE All Shares
The JSE All Shares is still very uncertain about its turn with upper shadow candles. We however do have a Frontrunner break with the MACD changing color in oversold territory.
PPC Ltd
PPC took the honors on the JSE with its 7.1% engulfing bull candle gain. Notice how its 50-day and 200-day moving averages are acting as support for the J-curve forming.
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.
