Applied Optoelectronics – Leader In Fiber Optics
Summary Applied Optoelectronics (AAIO) has shown exceptional price appreciation, gaining 145.98% since a Trend Seeker buy signal on 11/7, with strong technical indicators. The company designs and sells fiber-optic networking products, with significant market presence in the U.S., Taiwan, and China. Fundamental factors show a market cap of $1.88 billion, with revenue expected to grow […]
Unlocking ASX Trading Success: Washington H Soul Pattinson & Company Limited
ASX: Washington H. Soul Pattinson & Company Limited – SOL Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) Washington H. Soul Pattinson & Company Limited – SOL. We see ASX:SOL has a lot of upside potential with wave 3-grey.ASX: Washington H. Soul Pattinson & Company Limited – SOL […]
How Do You Predict Bitcoin’s Price?
Image Source: Pixabay How Do You Predict Bitcoin’s Price?Bitcoin’s price is influenced by various factors including its supply, demand dynamics, media coverage, regulatory changes, and even the cost of production. While some studies suggest that production costs play a role in determining its value, many reports rely on assumed data rather than concrete evidence.Unlike traditional currencies, […]
Asian Stock: KEPCO Plant Service & Engineering
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: KEPCO Plant Service & Engineering Company LimitedBloomberg ticker: 051600 KSMarket cap: US$1,459mBackground: KEPCO Plant Service & Engineering Company Limited provides maintenance services for power plants and industrial plants. The Company’s main service areas are turbine maintenance, generator […]
Asia Week Ahead: China’s Central Economic Work Conference In Focus
Image Source: Pixabay We look at what’s in store in the region next week, including China’s Central Economic Work Conference, Australia’s cash target rate, India’s inflation data, and the Japanese Tankan business survey. Australia: RBA expected to remain on holdWe expect the Reserve Bank of Australia (RBA) to leave the cash rate unchanged at 4.35%. An elevated […]
Sensex Today Rallies 809 Points; Nifty Above 24,700
After opening the day lower, Indian benchmark indices reversed the trend as the session progressed and ended the day on a firm footing.Benchmark equity indices, the BSE Sensex and NSE Nifty50 pared their early losses to extend their winning streak for the fifth consecutive session, settling in positive territory on Thursday.At the closing bell, the BSE […]
Jobless Claims: Neutral – With An Extra Grain Of Salt
As I cautioned last weekend in my “Weekly Indicators” update, we have entered that period of the year where Holiday seasonality means take everything with at least a little grain of salt. For example, this year Thanksgiving was almost one full week later than lat year.With that caveat, initial jobless claims for Thanksgiving week this […]
AUD/USD Price Forecast: More Downside Looks Likely Below 0.6400
AUD/USD gains higher US Initial Jobless Claims weigh on the US Dollar. The US NFP data will significantly influence the Fed’s likely interest rate action in the policy meeting on December 18. Weak Australian Q3 GDP data has bolstered RBA dovish bets. The AUD/USD pair ticks higher to near 0.6440 but remains trades inside Wednesday’s trading range in […]
Two Crucial Breadth Developments
S&P 500 brought another day of reliable gains delivered to clients both swing and intraday, and I do tolerate the lackluster overall breadth (advance-decline volume, I‘m looking at you mainly). That‘s because positive developments such as latest earnings in tech result in broadening breadth in this till now lagging sector (called beginning of the week to […]
USD/JPY Forecast: Bulls Reclaim Key Levels
The USD/JPY currency pair has seen a resurgence in bullish momentum, with gains extending to the resistance level of 151.22 before stabilizing around 150.00 at the time of writing. This comes as the market awaits the release of US non-farm payroll data, which will have a significant impact on future expectations for the Bank of […]
