Tag Archives: chart

Bitcoin’s bull market correction may be coming to an end, according to the relative strength index (RSI) – a technical indicator widely used to gauge momentum and identify overbought and oversold conditions. The 14-week RSI has now dropped to 53.00, a level that has consistently acted as solid support and marked an end of corrective pullbacks during the 2016-2017 bull run. The RSI support has come into play as bitcoin charted a 35% drop from $64,801 to $42,000 in the past four weeks. While… Source link

Internal Google data obtained by Insider shows the 142 most powerful people within Google Cloud. We built an interactive org chart of the top execs and staff helping cloud boss Thomas Kurian lead the division. Google sees cloud as an increasingly important revenue engine for the company and is investing heavily in its growth. See more stories on Insider’s business page. … Source link

Bitcoin (BTC) appears set to challenge record highs in the wake of this week’s dovish Federal Reserve meeting. One expert, however, is calling caution, based on his observation of price charts as bitcoin rose from lows near $43,000 seen earlier this month. The chart pattern has taken the shape of what’s known as a rising wedge, a sign of uptrend fatigue. “My concern is growing that we might run into a rising wedge scenario,” Patrick Heusser, head of trading at Swiss-based Crypto… Source link

Hopes for an increase in unionisation in Silicon Valley may be overblown Jan 11th 2021 THE DECLINE of labour-union membership since the late 20th century across America and Europe has been worrying for those who fret about rising inequality. So, too, has the rise of the tech giants whose huge profit margins and soaring share prices threaten to concentrate wealth in the hands of a few rich shareholders. And so the news, on January 4th, that employees at Alphabet, the parent company of Google,… Source link

Wednesday, December 30, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe It’s all about earnings expectations. 2020 has been an interesting year in the stock market. And as we wrap up the year, there is one simple question that lingers over the story of 2020: “Why have stocks gone up so much?” Through Tuesday’s close, the S&P 500 (^GSPC) is up 15% this year and more than 60% from the March 23 lows. The Nasdaq (^IXIC) has done quite a… Source link

Tuesday, December 29, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe The goods-based recovery. About 70% of U.S. GDP growth comes from consumer spending. And this spending can basically be broken into two categories — goods and services. A good is an item — a couch, a car, a shirt. A service is basically anything else — a meal, a surgery, an Uber. And about two-thirds of this spending from consumers is typically focused on… Source link

TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and hyper-partisan Congress is unlikely to enact any sweeping legislation, reform or otherwise, and COVID vaccines are ready for distribution. It’s a recipe for a calm news cycle.Which makes it a perfect time to… Source link