TAGS: Share value analysis.
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News in Brief
Bloomberg:
- Stocks in Asia climb on Mideast Diplomacy efforts.
- Stocks rise amid efforts to stifle Israel conflict.
- China tightens rules on short selling in a bit to boost stocks.
MarketWatch:
- 70% chance Israel-Hamas war spreads beyond Gaza, threatening oil, strategist warns.
- Yellen says the US can support Israel and Ukraine in its wars simultaneously.
- Pfizer confronts ‘peak of anti-vaccination rhetoric’ as shares rebound.
yahoo! finance:
- The earnings recession might be over.
- Stocks jump, kicking off big earnings week with a bang.
- Oil still rules, alas.
- ‘Lithium Batteries are the new oil,’ Elon Musk says.
We can expect volatility on markets due to Israel-Hamas war and as big earnings week kicks off.
Global Indexes
S&P 500
The S&P 500 bounced on its EMA8 line in oversold territory.
DAX
The DAX made a large hammer candle (turning candle) just below its EMA8 line.
HANG SENG
The HANG SENG is currently trading on its EMA8 line with its long-term negative trend line acting as resistance just above.
NYSE & NASDAQ Stocks
Deere Company
Deere made a J-curve to continue the positive trend it started. If it can break the 3 resistances waiting above … the sky is is the limit.
Bank of America
Bank of America started a new trend with a breakaway gap and is currently hesitating just below its negative trend line. Because the new trend started with divergence, we expect a break.
JSE Stocks
JSE All Shares
The JSE All Shares also made a large turning hammer candle. This can also be the bottom of a J-curve.
Northam Platinum Holdings Ltd
After hesitating with 2 hammer candles at its negative trend line, Northam broke it with a 4.6% gain. The double bottom with divergence and the breakaway gap were the keys to the new trend.
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.
