TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Secretive China chipmaker is built to dodge US curbs.
- Europe faces fresh volatility after Iran flare-up, officials say.
MarketWatch:
- SK Hynix raises $26.5 billion in US offering.
- Schwab strategists warn of a major market shift: The era of easy index gains is officially over.
- Nasdaq, Dow and S&P all open higher after jobless claims fall.
- Insurance giant says it’s turning to AI to replace as many as 1,800 jobs.
- Meta’s stock rebounds as agentic AI coding and custom chips ease spending fears.
yahoo! finance:
- Wall Street braces for blockbuster chip listing. (SK Hynix)
- US and Iran put their fragile truce to the test.
- Pepsi Q2 revenue beats even as Americans tighten their wallets.
The next AI squeeze after memory could come from a bottleneck in MLCCs – a component smaller than a grain of rice.
Global Indexes
S&P 500
After the doji the S&P 500 bounced on its EMA8 line.
DAX
After the sharp corrections the DAX made a long-legged doji on its positive trend line.
HANG SENG
The HANG SENG took a breather only to continue its positive trend today.
NYSE & NASDAQ Stocks
Alibaba Group Holding Ltd
BABA is continuing its positive trend with an updated average target of $191.
Meta Platforms Inc
META made one large engulfing bull candleto close above its 50 DMA.
JSE Stocks
JSE All Shares
The JSE All Shares made a piercing candle on strong support following global markets.
Impala Platinum Holdings Ltd
IMP is bouncing on strong support that was touched 7 times. Latest estimates of analysts are R340.
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.
