LimThang(MY)
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LimThang(MY)
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Although running in a downtrend, because there is support, the first candlestick this morning had a large volume and closed as a bullish candlestick. Also, the low point today was right at the lower edge of the downtrend channel, so it rebounded immediately, indicating that drawing the trend lines is very important. Therefore, tomorrow must continue to rise with a large volume in order to drive the moving average to turn upwards, as well as the golden crosses of Macd and Kdj. Cannot have a bearish crossover again, because if there is another bearish crossover and it breaks today's low point, it's very easy to fall below 100.
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With the recent cooling of the U.S. labor market and a decline in inflation, expectations for a Federal Reserve rate cut in September are rising. This anticipation has softened the dollar and pushed down U.S. Treasury yields, prompting investors to shift their focus to alternative markets in search of higher returns. According to the latest investment strategy report from Nomura Securities, the onset of the Fe...
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Morning Movers
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$Autodesk (ADSK.US)$ Shares rose by 0.8% following the software group's impressive second-quarter results, which were predominantly above consensus forecasts. The company's recent outlook upgrade also suggests strong business momentum.
$Tesla (TSLA.US)$ Shares increased by 1.2% as the electric vehicle manufacturer reported its best sales month of the year in China for August, driven by strong demand in s...
Gapping up
$Autodesk (ADSK.US)$ Shares rose by 0.8% following the software group's impressive second-quarter results, which were predominantly above consensus forecasts. The company's recent outlook upgrade also suggests strong business momentum.
$Tesla (TSLA.US)$ Shares increased by 1.2% as the electric vehicle manufacturer reported its best sales month of the year in China for August, driven by strong demand in s...
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