After many wobbly days, the Australian share market sealed a third straight bullish week after eking out a +0.1-point gain on Friday. After a choppy session, the benchmark S&P/ASX 200 index finished virtually unchanged with… Read More
The Australian dollar bullish sentiment took a detour on Thursday and opened back below the US$0.7500 handle, and since the move has struggled to recapture renewed gains. The AUD/USD extended its recent uptrend this week… Read More
West Texas Intermediate (WTI) oil bull-trend staged a sharp reversal on Thursday and posted a bearish outside range day that now awaits confirmation, which is viewed from a break and close beneath $78.70-90. If confirmed,… Read More
On Friday, the precious yellow metal prices steadied after a choppy session trade on Thursday, as inflation worries continued. While spot gold is often considered an inflation hedge, reduced stimulus and interest rate hikes push… Read More
Bitcoin is catching its breath on Friday, after surging to never-before-seen highs this week after the debut of the first U.S. bitcoin futures exchange-traded fund. The launch of the first bitcoin futures ETF this week… Read More
A wobbly day of trading on Wall Street left major stock indexes mostly higher, as the S&P 500 touched a new record on Thursday amid strong profits and year-end optimism. The ASX futures eked out… Read More
The Australian share market ended the session flat on Thursday as gains from Real Estate and Technology stocks were offset by weakness from Energy and Consumer Staples sectors. Transurban says there are signs motorists will… Read More
Technical outlook – We touched upon this stock last year in April when the Japanese Candlestick posted an “Inverted Hammer” from the $0.10-15 area, which indicated a potential target of $0.50-55. With the designated target… Read More
Technical outlook – Approaching this share from a technical perspective, we can assess back in March 2020, Ecofibre Limited (EOF) established a potential base from the $1.20-30 region, which has now, potentially, risen to $1.50-70,… Read More
Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the broader technical pattern (monthly) or more to the point the primary assessment. Based… Read More
Technical Outlook – The weak price action over the past three months is now slowly heading back to the bullish foundations, which was viewed as a rejection in March 2020 from $0.40. It is assessed… Read More
Technical outlook – Technical analysis may appear complicated on the surface, but it boils down to an analysis of supply and demand in the market to determine where the price trend is headed. In this… Read More
Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the technical pattern. Based on the leading indicators, the Moving Average Convergence Divergence (MACD)… Read More
