OLED Stock Bulls Living on Borrowed Time

Universal Display Corporation is engaged in the research, development and commercialization of OLED technologies, which explains why its stock symbol on the NASDAQ exchange is OLED, even though it has nothing to do with the company’s actual name. OLED stock climbed to an all-time high of $209 per share in January, 2018. Unfortunately, the rest…

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WTI Crude Oil ‘s Flirt with $66 Was No Coincidence

WTI crude oil set an upbeat mood at the start of last week and managed to lift the price to $69.89 on Monday, August 6th. They could not keep the positive momentum for very long though, as the price quickly reversed to the south again. By Friday, August 10th, the bears had already dragged WTI…

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Japanese Yen Refuses to be the Dollar’s Latest Victim

Last week, when most major currencies like the euro, the Canadian dollar and the British pound (not to mention the Turkish lira) fell against the U.S. dollar, one currency managed not only to hold its ground, but to actually gain some against the greenback. The Japanese yen ‘s rise dragged the USDJPY pair down to…

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Two Months Ahead of EURUSD ‘s Turkey-Driven Selloff

EURUSD’s selloff has resumed. The pair fell to as low as 1.1432 earlier today, following a Financial Times report stating the European Central Bank is concerned about some European banks’ exposure to Turkey’s currency crisis. Spain’s BBVA, Italy’s Unicredit, and France’s BNP Paribas were among the big names mentioned in the report. Now, let’s see how…

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AUDNZD Gains 500 Pips After Fibonacci Encounter

AUDNZD shot up sharply today, following a statement from the Reserve Bank of New Zealand that cemented the country’s interest rate at its current level for the foreseeable future. The pair was trading below the 1.1000 mark before the announcement, but rose to 1.1175 shortly after it. However, if you have been following our publications…

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GBPJPY Bears Remove a Major Hurdle

It has been less than 20 days since our last update on GBPJPY. On July 20th we shared our view that the pair is “looking into the hard Brexit abyss” and while the pair was trading around 146.20, we concluded that much lower levels should be expected. Of course, the bearish outlook was not based…

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USDCAD Down After a Tricky Elliott Wave Pattern

USDCAD climbed to 1.3290 on July 19th, but instead of lifting the pair even higher, the bulls lost momentum. A bearish reversal followed as a result. By July 25th, when we had to send our next update to subscribers, USDCAD was down to 1.3135. Was it a buy-the-dip opportunity or the beginning of a bigger…

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Intel Looks Like a Buy-the-Dip Opportunity

When we published our last update on Intel in January, the stock was down to less than $44.50 a share following news that major security flaws in Intel’s processors make smartphones and PC’s vulnerable to hackers’ attacks. The situation looked very bleak for Intel as many corporations and institutions threatened to sue the company over the…

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Crude Oil Even Weaker than Expected

WTI crude oil bulls looked very confident at the start of the week, when they lifted the price to $70.41 a barrel on Monday, July 30th. Unfortunately, their enthusiasm quickly faded, allowing the bears to cause a selloff to $67.34 as of Wednesday, August 1st. One of the possible “reasons” for the decline was the…

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Chipotle’s Recovery Needs a Healthy Pullback

In August 2015 the price of Chipotle Mexican Grill (NYSE:CMG) stock was hovering in the vicinity of $760 a share. The company was a Wall Street darling, whose future looked especially bright considering its revenue and earnings growth over the past several years. Unfortunately for all CMG shareholders, E.coli, salmonella and norovirus outbreaks formed a…

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USDMXN Set to Recover, but Remains Vulnerable

It has been a painful month and a half for USDMXN bulls. The pair was almost touching the 21.00 mark on June 15th, when the bears returned with a vengeance to drag it to as low as 18.58 for an 11.3% plunge by July 26th. Some explain the strength of the Mexican Peso with the…

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Pandora’s Jewelry Hasn’t Lost Its Shine

And Pandora the stock is ready to get its shine back, too According to Pandora A/S’ 2017 annual report, the Copenhagen-based company is the “leader in the affordable jewellery segment and the largest producer of jewellery worldwide in terms of pieces crafted.” That leading position paired with double digit average earnings growth in recent years convinced…

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New Forex Regulations in the European Union!

Forex regulations are about to change on the 1st of August for all traders in the EU. What’s happening? The European Securities and Markets Authority will force brokers to lower the leverage they offer on the four major currency pairs – EUR/USD, USD/JPY, GBP/USD and USD/CHF to 30:1. Minor pairs will see an even larger…

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Dow Jones at Risk of Losing 2000 Points

It has been almost four months since the last time we examined the Dow Jones Industrial Average on March 29th. The benchmark index was still unable to recover from the sharp plunge to 23 360 in February. And while many hurried to declare the death of the post-2009 bull market, we instead decided to take…

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Alibaba Stock in Corrective Mode Now

Two and a half months ago, on May 7th, we analyzed the daily price chart of Alibaba stock and reached the conclusion that once the bulls lift the shares to a new all-time high near $220, a bearish reversal should be expected. Two things happened since that analysis: first, Alibaba stock climbed to $211.70 in…

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