TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- China sets lowest growth target since 1991 as old model falters.
- China tells top refiners to halt diesel and gasoline exports.
MarketWatch:
- Trump has a plan to open the Strait of Hormuz.
- US stocks suffer losses as markets get swept up by growing fears of an oil shock.
yahoo! finance:
- US stock futures climb with key jobs report set to cap volatile week.
- It’s not just gas. Diesel is reacting even ‘more aggressively.’
- Oracle plans thousands of job cuts in face of AI crash crunch.
Stock markets are dominated by war in the Middle East. Uncertainty is everywhere with high wave candles on charts.
Global Indexes
S&P 500
Volatility continues as the S&P 500 make an uncertain high wave candle.
DAX
Volatility for the DAX too , below its 200 DMA in oversold territory.
HANG SENG
The HANG SENG made an inverted hammer candle on strong support in oversold territory. It bounced positive this morning.
NYSE & NASDAQ Stocks
Broadcom Ltd
AVGO bounced on strong support to close with an uncertain high wave candle against its 50 DMA resistance.
Bank of America Corp
BAC also made an uncertain high wave candle against its 200 DMA resistance.
JSE Stocks
JSE All Shares
The JSE All Shares also made an uncertain high wave candle on its 50 DMA support.
Woolworths Holdings Ltd
WHL dipped below its 200 DMA support to make two long-legged uncertain high wave candles next to each other.
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.
