At its current price of $244 per share, it is trading 32% below its fair value of $360 – Trefis’ estimate for Microsoft’s valuation. The daily price is located far below 200 SMA is the bearish area of the chart: the price is trying to break the support level at 241 to below for the strong primary bearish trend to be continuing. more...
Sirius XM stock (NASDAQ: SIRI), a leading provider of satellite radio, has a large number of outstanding shares of around 4 billion (in 2021) which makes its stock trade at a low price in the range of $6 to $7 levels. The daily/weekly price is on bearish breakdown: the price was bounced from 6.41 resistance level to below for the bearish area of the chart with 4.50 support as a possible target. Alternatively, the price will be on secondary ...
China’s best-known e-commerce stocks fell. Among them, Alibaba lost 10.3% to $98.52, and Pinduoduo dropped 9.2% to $54.41, both worse than the percentage declines in the Nasdaq and S&P. Social media BiliBili also had 10% of its value wiped out, falling to $23.49. Search engine Baidu lost 7.7% to $131.88. more...
Bitcoin prices have recorded sharp losses recently, pushing the digital currency to its lowest in more than a year. Several analysts weigh in on what variables fueled these losses. more...
Chinese search engine behemoth Baidu’s stock (NASDAQ: BIDU) has witnessed a solid rally over the last month, gaining over 40%, compared to the broader S&P 500 which was up about 4% over the same period. The daily price broke Ichimoku cloud to above for the reversal to the primary bullish market condition. The price is on ranging near and above Ichimoku cloud for 155 resistance level to be crossed for the primary bullish trend to be continuing. ...
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