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What to expect from Yelp’s stock? We see that the weekly price is breaking 200 SMA to above for the primary weekly bullish reversal to be started with resistance level at 41 as the possible level to re-enter. more...
The company mentioned in its first-quarter earnings call that global leisure travel trends have continued to improve in the second quarter, even with the current macroeconomic uncertainties, and that it is looking forward to a busy summer travel season ahead. The daily price is breaking the bullish triangle pattern with resistance level at 1,972 to above for the primary daily bullish reversal to be started. more...
Arista Networks Inc. stock (NYSE: ANET) is up 13% in the past week (five trading days), performing better than the S&P 500 which was up 4.2% over this period. The daily price broker Ichimoku cloud to above for the primary bullish reversal: the price is crossing resistance level at 118 for the strong bullish trend to be continuing. more...
During Tesla’s quarterly results webcast last week, Musk admitted to dumping some $936 million of Bitcoin to raise cash out of concern of an economic pullback due to pandemic lockdowns in China. The chief executive said he sold for a “realized gain,” but some people online have some serious doubts. more...
McDonald’s stock (NYSE: MCD), a restaurant chain consisting of more than 40,000 mostly franchised stores, is scheduled to report its fiscal second-quarter results on Tuesday, July 26. MCD’s stock looks fairly priced due to revenues and earnings likely matching expectations in its results. The weekly share priceis on ranging within and around Ichimoku cloud waiting for the direction of the strong trend to be started. The price is testing ...