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$AMD Due for a Correction This Week
AMD has been showing a lot of bullishness since September 26. However, AMD has reached the upper range of the white channel and is due for a correction this week. I have the yellow trend line as a key support level and my first price target. I think there will be a solid bounce off […]Read More
$NVAX Trending Back Down to the Buy Zone
NVAX has started distributing millions of COVID-19 vaccine shots. However, NVAX is trending back down towards the buy zone. I think that this will present a great second chance buy opportunity after NVAX’s recent rally to $8. The markets have been affected by the new Israel Palestine conflict. Other key events this week are September […]Read More
$US10Y Reaches 16 Year High, Short-Term Forecast & Negative Impact on Equities Market
The $US10Y has been extremely bullish since May 2023, and has gained more strength after the Fed’s hawkish announcement that led to a “higher for longer” interest rate environment. The $US10Y has broke through numerous resistance levels to reach its 16-year high. From a technical analysis perspective, the $US10Y has a tendency to have strong […]Read More