SamerHa

SamerHa Updated 

USDJPY pair seems to be forming a bullish cup and handle pattern, on the hourly chart. Also, we saw a bullish crossover of the EMA-25 over EMA-50 and EMA-100 today. Meanwhile, USDJPY is heading toward the EMA-200 testing its support while it may be forming the handle of the cup. USDJPY has to swing within the descending channel while we are waiting for a...

SamerHa Updated 

Solana has formed a multi-step stair pattern since late 2022 on the two-hour chart. Each step of this stair consists of a higher high, a higher low and a consolidation move followed by a breakout above the higher high accompanied by a significant spike in trading volumes within each step. Any confirmed breakout above the higher high of each step will be followed...

SamerHa

Since the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF: ● U.S. Global Jets ETF (JETS): +18.56% ● United Airlines (UAL): +37.53%....

SamerHa Updated 

On the hourly chart, gold prices have completed a bearish breakdown by closing below the EMA-200. This breakdown occurred after a consolidation move with a seemingly three-tops pattern that formed after a bullish trend. The short-term target area for gold price is 1786.12-1782.90, with 1776.60-1773.50 as the next bearish targets below. In the contrary case, a...

SamerHa Updated 

Kandi share (KNDI) price continues to walk within the streak of strong gains, which we have not seen a streak of gains this long since 2021. While KNDI share is trading above the short and long-term exponential moving averages in a positive short-term sign that may indicate more potential gains. On the other hand, KNDI stock is trading within a narrow price range...

SamerHa Updated 

Coinbase’s share price continues to its negative performance and is heading towards its lowest levels since June and is also close to returning to its lowest levels since the IPO at $40.83. COIN share is being traded below the short and long-term exponential moving averages, while neither the RSI nor the MACD indicates a possible bullish reversal now. On the...

SamerHa Updated 

On the hourly chart, EasyJet (EZJ) made a bullish breakout after forming a cup with handle pattern. Buyers may continue to push the EZJ share price forward to 415.3 - 422.6 levels, with 428 - 429.9 levels (August highs) as additional bullish targets. Breaking down and closing below 399 pence may invalidate the prior hypothesis, causing the EZJ share price to fall...

SamerHa Updated 

USDCHF has repeatedly failed to break above the resistance area of 0.93407-0.93476 on the hourly chart. Now, Heikin Ashi chart indicates a beginning of a trend reversal. So, the levels of 0.93217-0.93170 and 0.92998 are the next targets of the USDCHF pullback move. On the flip side, a breakout above the blue shaded area may invalidate the pervious hypothesis and...

SamerHa Updated 

As for entering the year 2022, we witnessed at its beginning a rapid recovery in the price of gold and it almost recovered during its previous peak, to retreat from it later and enter into another deep bearish trend in which the gold price lost 22% of its value as it reached the bottom of the descending channel shown on the weekly chart. At the begging of...

SamerHa

The chart illustrates how the Saudi stock market performed by sector in 2022, according to several indices of TADAWUL exchange: • TASI: All Share Index (-7.53%) • TBNI: Banks (-6.60%) • TMTI: Materials (-14.34%) • TTSI: Telecommunication (-11.57%) • TENI: Energy (-1.02%) • TISI: Insurance (-11.58%) • TSSI: Software & Services (+21.63%) • TRMI: Real Estate Mgmt &...

SamerHa

Following a severe bearish trend since mid-November that resulted in a 40% loss, Kodak share (KODK) is currently traded within a horizontal channel. Furthermore, KODK share is traded below the short and long term EMAs. If KODK share breaks below the previous channel, as indicated by the Fibonacci circle and Fibonacci extensions, the red colored area between...

SamerHa

On the four-hour chart, GBPUSD is attempting to recover the August peak by testing the resistance level at 1.21429 and breaking into the green shaded area. The fact that the GBPUSD is trading above the long-term and short-term exponential moving averages gives credibility to the breakout likelihood. Then we keep an eye on the next target of 1.24066. In the...

SamerHa

On the hourly chart, Natural Gas (NATGAS) has recovered its short- and long-term EMAs. Buyers are aiming for $6.035-6.105 as primary targets, and $6.203-6.222 as a secondary bullish target. On the other hand, a break below the $5.864 level may invalidate the previous bullish hypothesis, and we will target the $5.697-5.628 and $5.549-5.492 levels.

SamerHa

Nvidia (NVDA) Will report its third financial quarter results this Wednesday. A loss of $0.7 per share and 15.7% year-to-year decline in revenue expected by Zacks for the quarter. Revenue is driven mainly by the slowdown of gaming segment, disturbed supply-chain and the growing data center business. On the two-hour chart, the prior support level of $168.33 is a...

SamerHa Updated 

Dogecoin (DOGE) price is now under crucial test to regain the $0.1 level. On the hourly chart, we keep an eye on the yellow shaded area, between the dynamic resistance level and EMA-200. Surpassing this area, is the key for DOGE price to continue the uptrend toward the green shaded area between $0.1007-0.1037. While breaking down below the EMA-100, may invalid...

SamerHa

ContextLogic (WISH) share price does not stop recording continuous and severe losses, while WISH share is trading below the $1 level now. While the sharp bearish tone prevails on the stock, as it traded below the short and long-term exponential moving averages. Now, on the Renko chart, and taking into account the previous RSI readings, we can learn that the long...

SamerHa

Kodak's share price recorded a very sharp bearish breakout after the earnings announcement, breaking bellow the short- and long-term moving averages at the same time in a very negative sign. This follows a series of gains for KODK share since mid-October. On the other hand, the KODK share price is receiving support from the levels of $4.29-4.41 (the shaded area in...

SamerHa

UBER share price is going in an unclear trend in general, with many bullish and bearish price gaps, which it is soon to fill quickly, and it is currently trading at the bottom of a narrow and sharp descending channel extended since the beginning of November. On the other hand, UBER share is trading below the short and long-term exponential moving averages, in a...