$iQiyi Inc.(IQ)$ has experienced a 4 consecutive weeks down moves, which has exceeded its one standard deviation price runs. In order to break the sequence, it is possible that the price will move higher.
Standard deviation (SD) is a statistical measure that indicates how much a stock's price typically deviates from its average price. A price movement exceeding one, two or more SD suggests a more significant deviation than usual, potentially signaling a trend change or overbought/oversold territory.
$Bilibili Inc.(BILI)$ $Intel(INTC)$ share price have formed a bullish engulfing candle in recent trading session, indicating sign of strength. Their share prices are possible of moving higher.
$NVIDIA Corp(NVDA)$ $Shopify(SHOP)$ share price have formed a bearish engulfing candle in recent trading session, indicating sign of weakness. Their share prices are possible of moving lower.
Engulfing candle provide an approach for traders to enter the market in anticipation of a possible trend reversal.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments