Doge Rocket
reacted to
$Dow Jones Industrial Average (.DJI.US)$
The Standard & Poor's 500 Index hit a record high seven times in a row-the longest continuous increase since 1997. Last Friday, Nasdaq and Dow Jones Industrial Average, which were once in trouble, also hit new highs.
For companies in the Standard & Poor's 500 Index, analysts now expect the profits in the second quarter to be 64% higher than the profits in the second quarter of 2020, which is undoubtedly seriously hindered by the COVID blockade.
Due to our sudden national blockade, the performance in the second quarter was very strong, contrary to the weakest single quarter since the Great Depression.
...
The Standard & Poor's 500 Index hit a record high seven times in a row-the longest continuous increase since 1997. Last Friday, Nasdaq and Dow Jones Industrial Average, which were once in trouble, also hit new highs.
For companies in the Standard & Poor's 500 Index, analysts now expect the profits in the second quarter to be 64% higher than the profits in the second quarter of 2020, which is undoubtedly seriously hindered by the COVID blockade.
Due to our sudden national blockade, the performance in the second quarter was very strong, contrary to the weakest single quarter since the Great Depression.
...
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Doge Rocket
commented on
Double and Triple Tops
Understanding Double and Triple Tops:
As you become more comfortable trading and analysing charts you will come to notice formations known as “Double”(DT) or “Triple”(TT) tops. These formations are extremely common and are widely used by technical analysts to find entrance and exit points.
While a DT or TT is forming you will see the price action try and break through the previous high and fail. The price will then drop until more buyers enter and drive the price back up to test the previous high,
This back and forth with constant rejection at a fixed price point can be a sign that buyer interest is waning, (Conversely, a topside breakout is a sign that seller interest is subsiding) This is why the DT and TT are seen as TREND REVERSAL FORMATIONS. When the price breaks out of the current channel, in either direction, it often signals a trend reversal.
Retests and slight corrections (2nd chance)
After the initial breakout there will generally be what is known as a “retest”. A retest is when the price drops after the initial breakout and tests the previous resistance (Now the speculated support).
I use the next candle after the retest as my signal to enter if I missed the initial breakout. A candle reaching higher highs after the retest is a well established signal of a continued uptrend.
Using DT and TT:...
Understanding Double and Triple Tops:
As you become more comfortable trading and analysing charts you will come to notice formations known as “Double”(DT) or “Triple”(TT) tops. These formations are extremely common and are widely used by technical analysts to find entrance and exit points.
While a DT or TT is forming you will see the price action try and break through the previous high and fail. The price will then drop until more buyers enter and drive the price back up to test the previous high,
This back and forth with constant rejection at a fixed price point can be a sign that buyer interest is waning, (Conversely, a topside breakout is a sign that seller interest is subsiding) This is why the DT and TT are seen as TREND REVERSAL FORMATIONS. When the price breaks out of the current channel, in either direction, it often signals a trend reversal.
Retests and slight corrections (2nd chance)
After the initial breakout there will generally be what is known as a “retest”. A retest is when the price drops after the initial breakout and tests the previous resistance (Now the speculated support).
I use the next candle after the retest as my signal to enter if I missed the initial breakout. A candle reaching higher highs after the retest is a well established signal of a continued uptrend.
Using DT and TT:...
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Doge Rocket
reacted to
$ContextLogic (WISH.US)$
$Nokia Oyj (NOK.US)$
$Inhibikase Therapeutics (IKT.US)$
$Innoviz Technologies (INVZ.US)$
$Nokia Oyj (NOK.US)$
$Paysafe (PSFE.US)$
$Coupang (CPNG.US)$
$Shopify (SHOP.US)$
$Amazon (AMZN.US)$
$PDD Holdings (PDD.US)$
$Starboard Value Acquisition Corp (SVAC.US)$
$Bridgetown Holdings (BTWN.US)$
$QELL ACQUISITION CORP (QELL.US)$
$Meta Platforms (FB.US)$
$PayPal (PYPL.US)$
$SNDL Inc (SNDL.US)$
SAN FRANCISCO, July 06, 2021--(BUSINESS WIRE)--ContextLogic B.V. ("CLBV"), a Dutch subsidiary of ContextLogic Inc. ...
$Nokia Oyj (NOK.US)$
$Inhibikase Therapeutics (IKT.US)$
$Innoviz Technologies (INVZ.US)$
$Nokia Oyj (NOK.US)$
$Paysafe (PSFE.US)$
$Coupang (CPNG.US)$
$Shopify (SHOP.US)$
$Amazon (AMZN.US)$
$PDD Holdings (PDD.US)$
$Starboard Value Acquisition Corp (SVAC.US)$
$Bridgetown Holdings (BTWN.US)$
$QELL ACQUISITION CORP (QELL.US)$
$Meta Platforms (FB.US)$
$PayPal (PYPL.US)$
$SNDL Inc (SNDL.US)$
SAN FRANCISCO, July 06, 2021--(BUSINESS WIRE)--ContextLogic B.V. ("CLBV"), a Dutch subsidiary of ContextLogic Inc. ...
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Doge Rocket
liked
By Chloe
Good morning moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures pause after record close.
- Economic week ahead: Services, job openings, claims
Market Snapshot
Stock futures were flat on Tuesday as Wall Street gets set to kick off the holiday-shortened week with the S&P 500 at a record high.
Futures on the Dow Jones Industrial Average fell 22 points. S&P 500 futures fell 0.1% and Nasdaq 100 futures were fractionally higher. U.S. markets were closed for the July 4 Independence Day holiday on Monday....
Good morning moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures pause after record close.
- Economic week ahead: Services, job openings, claims
Market Snapshot
Stock futures were flat on Tuesday as Wall Street gets set to kick off the holiday-shortened week with the S&P 500 at a record high.
Futures on the Dow Jones Industrial Average fell 22 points. S&P 500 futures fell 0.1% and Nasdaq 100 futures were fractionally higher. U.S. markets were closed for the July 4 Independence Day holiday on Monday....
+1
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Doge Rocket
liked
①Find out what the company does and how it makes money
A good place to start researching a company is to find out how it makes money. Sometimes it’s easier to start with companies you’re already familiar with, or to focus on business models that are simple to understand. This is because if you don’t understand how a company makes money, it might be harder for you to keep track of how your investment is performing.
If you want to dig deeper, most companies publish information for investors on their website. You can often ...
A good place to start researching a company is to find out how it makes money. Sometimes it’s easier to start with companies you’re already familiar with, or to focus on business models that are simple to understand. This is because if you don’t understand how a company makes money, it might be harder for you to keep track of how your investment is performing.
If you want to dig deeper, most companies publish information for investors on their website. You can often ...
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