$Advanced Micro Devices(AMD)$ Since then, it formed a High (Higher High for the 1.5 year Channel Up) on January 25 2024 and Resistance 1. On Friday it touched this level again, which is so far a technical Double Top formation. As long as it holds, we expect the 1D MA50 (blue trend-line) to break for the first time in 4 months (since November 01 2023) and approach the 1D MA100 (green trend-line).On top of that, the 1D RSI is on Lower Highs that broke below the Higher Lows which has been the Sell Signal during the previous three occurrences. Our target is a minimum of -19.38% decline such as on the June 26 2023 Low. If the 1D MA100 breaks, we will open another one to target the 1D MA200 (orange trend-line) and 0.382 Fibonacc

The luxury electric vehicle manufacturer accumulates bad news at the worst time. Faraday Future Intelligent Electric (FFIE) -Get Faraday Future Intelligent Electric Inc. Report was long seen as the electric vehicle maker that would challenge Tesla's (TSLA) -Get Tesla Inc Report dominance. The company has even embraced the title of Tesla's No. 1 competitor. It is clear that the two groups no longer seem to play in the same courtyard. Tesla is now more concerned with exceeding one million vehicles produced per year. A performance that the group led by Elon Musk should achieve this year despite the disruptions observed in supply chains around the world and soaring raw material costs, like nickel, palladium and aluminum. And to drive the point home, Tesla's market capitaliz

Tesla (NASDAQ:TSLA), with arevenue of $53.8 billionand amarket capitalization of $900 billion, has often been seen as an overvalued stock by analysts. However, the sentiment seems to be changing as gas prices continue to rise. Naturally,Tesla sales have already started to soar, and I believe it is just the start. Tesla (TSLA) Motors Assembly Plant in Tilburg, Netherlands. With Russia, thecountry that produces the most crude oil(the primary ingredient for gasoline) at war, gas prices can be expected tostay elevated for a lot longerthan what was previously forecasted. Moreover, it is almost certain that many countries will be reducing their energy dependence on Russia. If that happens, gas prices will naturally go up as other suppliers have to cope with a sudden rise in demand. Of cours

Despite computer processor developer AMD (AMD) taking meaningful market share away from rivals in Intel (INTC), its stock has been unable to steer clear of industry headwinds. Undoubtedly, there’s no way for AMD CEO Lisa Su to control macro issues. The PC market has slowed down, and macro headwinds could weigh down the stock further. Recession or not, though, AMD is well-positioned to continue taking share and building upon its lead, making AMD stock an intriguing pick-up amid the tech slump.In simple terms, AMD is firing on all cylinders, doing many things right amid unprecedented headwinds. The company’s latest quarterly results were solid. Still, the company erred on the side of caution, with a more downbeat tone for its coming third quarter. Regardless, AMD is sticking with its origina

An overly exuberant reaction to SoFi's latest quarterly results sent the stock soaring After reporting earnings earlier this month, shares in fintech firm SoFi(SOFI) experienced a spike in price. Taking a closer look, it's clear the market reacted too positively to results that were only slightly better than expected. It's best to stay away from the stock, as SoFi's profitability issue could come back into focus. Source: Michael Vi / ShutterstockLike other fintech stocks, shares of SoFi Technologies (NASDAQ: SOFI) stock have had a tough year. Blame it on the market’s changing view of high-growth stocks, plus the expectation that economic conditions will become more challenging. Trading above $15 per share at the start of January, SOFI stock at one point fell into penny-

It’s always useful to prepare an umbrella before it rains.Likewise, when it comes to stocks, it is useful to maintain a watchlist of stocks before a market crash appears.By doing prior research and understanding how these businesses work, you will have greater confidence to buy them should their share prices dip.With the recent bear market in the NASDAQ for growth stocks, some investors may be wondering if the same could happen over in the Singapore market.During times of economic stress, it makes sense to stick with well-run companies such asblue-chip stocksandREITswith strong sponsors.Here are five Singapore stocks I will gladly scoop up should there be abear market.DBS Group (SGX: D05)When the economy takes a sharp dive, it’s natural to seek shelter in familiar names.DBS is one of

Talk about being at the right time and right place! On 25 March, Singapore Prime Minister announced the ease of public health measures for the pandemic, thereby improving business sentiments for aviation, hospitality and F&B. The relaxation of measures should bode well for local banks due to the loan exposures to these sectors which had been hit by the pandemic. As the operating environment improved significantly, OCBC share price should enjoy some tailwinds in the coming months. At the moment, OCBC share price should be at a turning point as the counter has largely factored in the Russia-Ukraine conflict and pandemic impacts. The series of interest rate hikes should be the key catalyst driving the share price upward. Is this a good opportunity to enter? I would say so if you have done