Giants continue to publish their financial statements, and excite the market and charging traders for active trade. Facebook, revealed to the world figures who were ahead of forecasts and pleased their fans with steady growth of its shares. Profit of last quarter was $ 3.57 billion, compared with last year increased by half! Share price during the last days grew confident, but after reporting rushed up, reaching $ 138. The indicator of return per share was 3.26. Technical Summary calls us to an active buying.
At the same time the market was delighted and statements of another giant - Apple, whose stock returns is 8.35. Apple shares with a huge gap flown and can go further, because rarely the such a powerful breakthrough expands the market to opposite direction. The participants of the stock market hope that Apple will overcome the limit of $ 129. Today, after the opening of trading all traders will go on the market in hopes of earning. Share price stops at the historical maximum and tends upward. And this is not the limit, according to the dynamics of growth. There is strong growth in the US market in many sectors.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 133.40
• The level of profit and close the position: 136.00 (260 pips)
Possible bullish movement in the breakout of the resistance level 1225.00
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2560
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9870
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 112.20
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