TAGS: How do you analyze stocks for beginners
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News in Brief
Bloomberg:
- Alibaba shares lose $28 billion as sign rally is fizzling out
MarketWatch:
- Cathie Wood’s ARKK logs best month ever as tech shares surge
- PayPal to lay off 7% of employees as part of cost-cutting push
- AMD stock rises as CEO promises to keep taking data-center share from Intel
- Snap suffers worst sales growth yet in holiday quarter, stock plunges after earnings miss
- Spotify stock enjoys best day in a year amid strong user growth
- More than 77,000 tech-sector employees have lost their jobs since the start of the year
Volatily continues on markets as earnings still streams in.
Global Indexes
S&P 500
The S&P 500 made a strong bounce on its EMA8 line to continue its positive trend.
DAX
The DAX continued its sideways movement, managing to stay above its EMA8 line.
HANG SENG
The correction of the HANG SENG stalled just below its EMA8 line with an uncertain small body candle.
NYSE & NASDAQ Stocks
Advance Micro Devices Inc
Advance Micro Devices bounced on support that was formed by its previous gap.
Solaredge Technologies Inc
Solaredge Technologies bounced on its 50-day moving average and long-term positive trend line.
JSE Stocks
JSE All Shares
The market also scared the JSE All Shares and caused its MACD to turn red.
Sasol Ltd
The dropping oil price made Sasol start correcting from a strong resistance level. Notice that it is still below its 200-day moving average.
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.
