Weekly Stocks Technical Analysis + Fundamental Headline News #BABA #DJ30 #GRAB
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Added a new line for headline news that could be important which are extracted from TV itself.
Price has mitigated the bearish POI at 104.85 as analyzed previous weeks back. Price has broken minor structure to the downside and is now consolidating in this price range. I'm expecting price to head lower potentially into the bullish POI at 78.85 to mitigate next.
Some headline news:
China could see 'tough months ahead' amid COVID surge - China Beige Book CEO
Alibaba, JD.com, others move higher as China may cut quarantine for overseas travelers
Market Chatter: Chinese Tech Stocks Rise as China Reportedly Looks to Scrap Quarantine Requirements for Foreign Travelers
https://www.tradingview.com/chart/BABA/9bY528ol-BABA-Analysis/
Price playing out nicely as analyzed so far, mitigating the bearish POI at 34343.2 and going lower, taking out the sell-side liquidity built over the past few weeks. Price has also broken minor structure to the down side and external liquidity has been taken. I'm expecting price to head lower into the bullish POI at 30455.6.
Some headline news:
Wall Street tumbles on rate, recession worries, bleak chipmaker outlook
US Futures Flat After Weak Session
https://www.tradingview.com/chart/DJ30/EtNAJEO5-DJ30-Analysis/
Price has been consolidating here for the past few weeks. Price is currently building sell-side liquidity while attacking the highs. I'm expecting price to be getting ready to tank lower potentially into the bullish POI at 2.49.
Some headline news:
Market Chatter: Grab Holdings Freezes Most Hiring in Cost-Cutting Push
https://www.tradingview.com/chart/GRAB/nlclryFx-GRAB-Analysis/
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