Reading Charts - ๐ Hoki doki - this article goes into the logistics of supply and demand when analysing stock movements and is in relation to trading volume which on a supply/demand level is basically the underlying denominator that derives the "Value or Price" of the underlying asset. Economics 101 stuff, but how does this aspect actually correlate with "Wall Street" stocks or indexes fluctuations in terms of value or price? I must say that I have been surprised when analysing past 'market' fluctuations when comparing the changes in the volume being traded and the actual affect that it would or probably better put 'should' have on the stock being traded. I'm somewhat bemused by what I am seeing in some instances so will be very interested in others feedback in terms of the charts ๐ I
An in-depth look at the US Stockmarket featuring perspectives
ChartStorm - Perspectives PackOur Biggest Report yet: an in-depth look at the US Stockmarket featuring perspectives on price, fundamentals, valuations, styles, sectors, global, asset allocation + market curiosities...This report takes you on a journey through markets and offers timeless principles, historical cautionaries, and practical takeaways for investors โ with a charts + data-driven look at the biggest risks and opportunities in the coming years. $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2406(ESmain)$$NASDAQ(.IXIC)$$Invesco QQQ(QQQ)
$iShares Bitcoin Trust(IBIT)$ Think about this:[Happy][Happy][Happy]BTC demand of the US BTC ETF's alone is now 10x the daily mining supply since halving. Next week the Hong Kong ETF's ( China buyers mostly) are coming online. Australia, Vietnam, South Korea and now Germany, UAE and the Saudis are coming this year. Many think the mysterious Mr. 100 who's been buying 100 BTC per week since the beginning of the year is a Saudi elite. Factor in the individual billionaire and millionaire whales and demand is in the "banana zone" ( the 12-18 months post halving as Raoul Pal calls it)That's coming in the next 3-6 weeks and will likely push BTC close to 500k by the end of 2025. There is nowhere near enough supply to handle the enormous demand now and in
$Agios Pharmaceuticals(AGIO)$ Agios Pharmaceuticals, Inc. (Nasdaq: AGIO), a leader in the field of cellular metabolism pioneering therapies for rare diseases, today announced the company will host a conference call and live webcast on Thursday, February 15, 2024, at 8:00 a.m. ET to report its fourth quarter and year end 2023 financial results and other business highlights. A live webcast of the presentation can be accessed under "Events & Presentations" in the Investors section of the company's website at www.agios.com. A replay of the webcast will be archived on the companyโs website for at least two weeks following the presentation. About Agios Agios is the pioneering leader in PK activation and is dedicated to developing and deliverin
Source: Tiger Trade appThe Bearish Engulfing is a technical pattern that occurs when the current bullish candlestick (upward candle) is completely engulfed or "eaten" by the preceding bearish candlestick (downward candle).The Bearish Engulfing may suggest a shift in market sentiment towards bearishness and indicate a potential price decline.The characteristics of Bearish Engulfing are as follows:Uptrend: Bearish Engulfing typically appears during an uptrend, indicating a potential signal for price reversal.First Candlestick: The first candlestick is a larger body representing bullish strength.Second Candlestick: The second candlestick is a larger body that fully engulfs or covers the body of the first candlestick.Reversal Signal: The appearance of Bearish Engulfing is considered a signal o