Tag Archives: bullish

What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of 1717.17 on Wednesday to a peak of over 2180 at the time of publication, up over 25% in four days. Why It’s Important: The two leading cryptocurrencies have been range bound since a major correction earlier this year. Bitcoin set an all-time high of 64900 on April… Source link

An analyst who predicted the bitcoin mid-May price slide says the cryptocurrency’s current range play is likely to be resolved on the higher side. “The consolidation phase itself is neutral, but we think a breakout is more likely than a breakdown,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a research note published on Monday. “Intermediate-term momentum has been improving based on the MACD histogram.” Bitcoin has been trading between $30,000 and… Source link

By Gertrude Chavez-Dreyfuss (Reuters) – Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak Acquisition, a special purpose acquisition company (SPAC), in a $9 billion deal. Bullish, a unit of blockchain software company Block.one, plans to launch a regulated crypto exchange later this year. The company is backed by billionaire entrepreneur Peter Thiel’s Thiel Capital and Founders Fund, British hedge fund… Source link

Reuters Pro-Trump social media app hacked on launch day as half million sign up A social media site launched on Sunday by Jason Miller, a senior adviser to former U.S. President Donald Trump, was briefly hacked, and more than 500,000 people have registered to use the site, Miller said. GETTR, a Twitter-style platform with posts and trending topics, has advertised itself on the Google and Apple app stores as “a non-bias social network for people all over the world.” A writer for Salon posted… Source link

Until recently, Bionano Genomics (BNGO) was a name flying under Wall Street’s radar. Yet, investors have taken a shine to the life sciences company in the past year and in tandem with some mighty share gains, there is a growing awareness that the company could be a force to be reckoned with in the field of cytogenetics. The latest analyst to present investors with the opportunity is BTIG’s Sung Ji Nam. “We believe BNGO is on the cusp of disrupting the cytogenetics testing market… Source link

Tesla (TSLA) stock fell 12% this week — it’s the second worst weekly performance in a year. But it did manage to settle above a key price area watched by traders. Even if price breaks to the downside, a relatively obscure technical indicator suggests Tesla is maintaining its long-term bullish trend. “For Tesla, the trend is higher based on that cloud — or shaded area on the chart,” says Katie Stockton, founder and managing partner of Fairlead Strategies, during a Yahoo Finance Plus on… Source link

Bloomberg Canada Dollar Looks to Extend Outperformance Deeper Into 2021 (Bloomberg) — Already one of the best-performing major currencies this year, Canada’s dollar looks poised to become a market favorite for all of 2021.At the heart of the loonie’s broad gains are demand for the country’s abundant natural resources, attractive yields and proximity to the U.S., where vaccination rollouts and infrastructure spending are seen helping Canada’s biggest export market regain its… Source link

Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time — a multibillion-dollar fiasco involving secretive… Source link

A strong case could still be made to long stocks even as rising 10-year yields continue to place pressure on certain sectors of the markets, argues Merrill Lynch strategists. “We think the three pillars of the bull market are firmly in place — massive free liquidity, an exceptionally strong EPS growth cycle and substantial market breadth,” Merrill Lynch equity strategists Ajay Singh Kapur and Ritesh Samadhiya co-wrote in a research note on Thursday. They believe a “bullish cocktail” for… Source link

TipRanks AI Is Here; 3 ‘Strong Buy’ Stocks That Stand to Benefit Hi tech is the cool kid of investment sectors, offering an unbeatable combination of cutting edge chic and long-term stock market returns. It’s understandable; our digital world has clearly passed a point of no return in the integration of tech with our daily lives. Tech companies, whether large or small, are clearly in a position to gain from this trend, offering the products and innovations that will facilitate and expand… Source link