Uber stock (NYSE: UBER) has declined by about 42% year-to-date trading near $25 per share, underperforming the broader S&P 500, which is down by about 14% over the same period. But the daily price is located below Ichimoku cloud in the bearish area of the chart by trying to break symmetric triangle pattern on the daily close bar for the rally to be started. Conclusion: Bear Market Rally. more...
Experts have warned that recession fears are likely overblown, but Musk reportedly wants to lay off 10% of Tesla’s nearly 100,000 workers. The daily price is ranging below 200 SMA in the bearish area of the chart for trying to break symmatric triangle pattern with 620/792 support/resistance level waiting for direction of the strong trend to be started. more...
For much of the past two years, silver has been trading in a range between its $22 support and $30 resistance as many traders have been waiting for a breakout in one direction or the other. Weekly price is breaking 20.44 support level together with the bearish triangle pattern to below for the bearish trend will be continuing. Conclusion: bearish or ranging bearish within the levels. more...
Higher crude oil prices have influenced many aspects of everyday life from interest rate, economic forecasts and vacation plans. The weekly chart is resumed the primary bullish trend with the resistance level at 133 as a possible target. more...
The daily price is located below Ichimoku cloud in the bearish area of the chart. The price is trying to break 32 resistance level to above for the rally to be started with 34 resistance as the next target to re-enter for possible bullish reversal to be started. Alternatively, the price will be on bearish ranging within the levels. The current high inflationary environment, rising interest rates, and recession fears have weighed on railroad stocks. ...
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