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Sunday, April 10, 2022

Annual Forecast for FTSE 250 (2022)

FTSE 250 index (FTSE:MCX) has been trying hard to go bullish, following the recent big crash that happened in the market as a result of the recent geo-political tensions in the Eastern Europe.  The market went seriously bearish in early March 2022 and since then, it has been rallying, till now.


In March, price went briefly below the lower Trendline, and then bounced above it, also going above the upper Trendline. In April, the index has ranged so far, which should be a pause before the market goes further northwards.

 


The RSI period 14 is currently above the level 50, and it is about going further upwards. That means the outlook on MCX is bright for this year, and the price could reach the previous distribution territories at 22,000.00, 23,000.00 and eventually 24,000.00 within the next several months.

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: Teach Yourself Technical Analysis

 

  

Annual Forecast for Apple (2022)

 Apple Inc. shares (NASDAQ:AAPL) have recently engaged in what is best called a “zigzag” movement. The market is currently favorable to swing trading, and the bias is bullish. When looking closely at the market, the ongoing price action is another good entry for buyers.


4 EMAs are used for this strategy and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top left part of the chart. All the EMAs are essentially sloping upwards, though the price is slightly below the EMA 50, In case the EMA 50 is breached to the downside, the bullish outlook on the market will become invalid; otherwise, there is a “buy” setup in the market right now.




All the EMAs sloping upwards means that the underlying outlook is bullish, and buying seems plausible in the market as long as the EMA 50 is not broken to the downside.

 

Generally, AAPL is expected to trend northwards this year, reaching the supply zones at 17500, 18000 and 18500 respectively.

 

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html

 

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

 

Saturday, April 9, 2022

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Saturday, April 2, 2022

Annual Forecast for Tesla (2022)

Tesla Inc stock (NASDAQ:TSLA) rose upwards in November 2021, and then got caught in a very rough and choppy bearishness between December 2021 and March 2022. Now, there is a clean bullish effort in the market.

Price has gone significantly above the EMA 21, while the William’s % Range period 20 is already in the overbought region. This is a buy signal from both indicators as Tesla is expected to continue moving upwards from here.




The William’s % Range in an overbought situation does not mean a “sell” signal here. Rather, it means while there could be temporary bearish corrections along the way, the market is expected to continue its bullish journey, which could take it towards the resistance zones at 1200.00, 1400.00 and 1600.00 before the end of this year.

The outlook on TWTR is bullish for this year.

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: Teach Yourself Technical Analysis

Annual Forecast for Twitter (2022)

Twitter Inc shares (NYSE:TWTR) have been in a protracted bearish market, especially from November 2021 till now. However, the market seems to be getting some lease of a buying strength.


The ADX period 14 is around level 20, which means the momentum in the market is not currently great. The DM+ is roughly above the DM-, meaning that the ongoing bullish effort cannot be ignored. The MACD default parameters, has both its histogram above the zero line and the signal lines also somewhat above the zero line. That means a Bullish Confirmation Pattern in the market.




In spite of the recent weakness on TWTR, there is a convincing reason to buy long, as the price could resume its bullish journey from here, reaching the resistance levels at 40.00, 50.00 and 60.00 before the end of this year.

 

Market Analyst, Trading Signals Provider and Coach

Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html 

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha