103946773
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$AST SpaceMobile (ASTS.US)$ the breakout failed it's still trending lower you can sell calls against it for Friday expiration to make a few bucks that would be my suggestion or you could sell it here and buy it back probably a $1.50 to $2 lower
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/73757806/20241015/1729000836536-random4222-73757806-android-compress.png/thumb?area=100&is_public=true)
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$AST SpaceMobile (ASTS.US)$many traders are quitting at this price range, is this counter only for long term investor?
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$USD/MYR (USDMYR.FX)$ People who bought US stocks are all crying... Now the US stocks are down, the US dollar is down, it's really a double blow.
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$Enovix (ENVX.US)$ Going down to USD5.50 again? Can buy the dip?
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$Enovix (ENVX.US)$ I'll be waiting for you below 10.
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The dollar and Asian stocks fell as Biden announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over.
The Bloomberg Dollar Spot Index $USD (USDindex.FX)$Fell 0.2% on Monday, with the Mexican peso rising.
Faced with constant pressure within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November election. The stock markets in Japan and South Korea opened lower, and the Australian stock market weakened. Hong Kong stock index futures held steady.
$Korea Composite Index (.KOSPI.KR)$
$Nikkei 225 (.N225.JP)$
$S&P/ASX 200 (.XJO.AU)$
$Hang Seng Index (800000.HK)$
The question facing investors is whether it is still necessary to stick to Trump's trade since Biden has abandoned his bid for re-election.
The market may experience significant volatility as traders wait to see if He Jinli can win the party's nomination while weighing whether she can gather enough momentum to challenge Trump's current lead in the polls.
"People's subconscious reaction is that this is not good for the US dollar, but it is still too early to draw conclusions," said Olga Yankovskaya, director of emerging market research and strategy at Credit Agricole CIB.
"This largely depends on Hua Jili's initial appearance, the choice of campaign partners, and the reaction of swing state polls."
On the commodity side, crude oil and gold prices rose in early trading.
Biden drops out of the race...
The Bloomberg Dollar Spot Index $USD (USDindex.FX)$Fell 0.2% on Monday, with the Mexican peso rising.
Faced with constant pressure within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November election. The stock markets in Japan and South Korea opened lower, and the Australian stock market weakened. Hong Kong stock index futures held steady.
$Korea Composite Index (.KOSPI.KR)$
$Nikkei 225 (.N225.JP)$
$S&P/ASX 200 (.XJO.AU)$
$Hang Seng Index (800000.HK)$
The question facing investors is whether it is still necessary to stick to Trump's trade since Biden has abandoned his bid for re-election.
The market may experience significant volatility as traders wait to see if He Jinli can win the party's nomination while weighing whether she can gather enough momentum to challenge Trump's current lead in the polls.
"People's subconscious reaction is that this is not good for the US dollar, but it is still too early to draw conclusions," said Olga Yankovskaya, director of emerging market research and strategy at Credit Agricole CIB.
"This largely depends on Hua Jili's initial appearance, the choice of campaign partners, and the reaction of swing state polls."
On the commodity side, crude oil and gold prices rose in early trading.
Biden drops out of the race...
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![After Biden announced his withdrawal, the US dollar and Asian stocks fell.](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240722/1721619695527-b1c11370f2.jpeg/thumb?area=104&is_public=true)
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$MSM (5202.MY)$
On the weekly chart of MSM, the recent stock price has formed a clear M-top pattern, which is typically seen as a bearish signal indicating the possibility of further declines. Currently, the stock price has fallen below the MA20 moving average and is approaching the key resistance level.
The orange box area is an important resistance level. If the stock price continues to decline and effectively breaks below this resistance level (approximately around 2.440 yuan), it may trigger more ask pressure, leading to further downside in stock price. The recent decline has been accompanied by relatively large volume, enhancing the confirmation of the downtrend.
Although the stock price is facing some downward pressure, please do not be discouraged. Every adjustment is accumulating strength for future upward movements. Near the current key resistance level, new opportunities may be brewing in the market. If the stock price can hold the box support on the weekly chart and stabilize for a rebound, it will be a positive signal indicating the possibility of a rally.
On the weekly chart of MSM, the recent stock price has formed a clear M-top pattern, which is typically seen as a bearish signal indicating the possibility of further declines. Currently, the stock price has fallen below the MA20 moving average and is approaching the key resistance level.
The orange box area is an important resistance level. If the stock price continues to decline and effectively breaks below this resistance level (approximately around 2.440 yuan), it may trigger more ask pressure, leading to further downside in stock price. The recent decline has been accompanied by relatively large volume, enhancing the confirmation of the downtrend.
Although the stock price is facing some downward pressure, please do not be discouraged. Every adjustment is accumulating strength for future upward movements. Near the current key resistance level, new opportunities may be brewing in the market. If the stock price can hold the box support on the weekly chart and stabilize for a rebound, it will be a positive signal indicating the possibility of a rally.
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![Need to stand firmly in the box.](https://sgsnsimg.moomoo.com/sns_client_feed/103738146/20240614/1718334062766-random5770-103738146-android-org.jpeg/thumb?area=104&is_public=true)
![Need to stand firmly in the box.](https://sgsnsimg.moomoo.com/sns_client_feed/103738146/20240614/1718334168494-random8737-103738146-android-org.jpeg/thumb?area=104&is_public=true)
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103946773 : The stock hype has erased and now is up to the fundamentals side to keep the price up. So far no more bad news and downside to go?