Hong Kong Severe Weather Condition Alert
Dear Trader, Please note that the Hong Kong Observatory has issued a Tropical Cyclone Warning Signal number 8 which may affect the operation of the Hong Kong Stock Exchange.
24th August 2022 Wednesday: Technical Outlook and Review
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that the price will rise to 1st resistance at 4182.68 where the pullback resistance is. Once there is upside confirmation of price breaking 1st resistance structure, we would expect bullish momentum to carry price to 2nd resistance at 4322.79 where the swing high resistance and 127.2% fibonacci extension are.
Tesla (TSLA.NAS) Stock Split
Dear Trader, Please be informed that Tesla (TSLA.NAS) has scheduled a 03-for-1 stock split for the 25th of August 2022.
23rd August 2022 Tuesday: Technical Outlook and Review
On the H4 chart, price has confirmed a bullish momentum breaking the previous high and testing the first resistance at 137.602 where the 78.6% fibonacci retracement and 161.8% extension sits. If bullish momentum continues, it will bring the price to 139.369 where the swing high sits. Alternatively if price pulls back, it should test the first support at 135.524 and the second support at 131.766
22nd August 2022 Monday: Technical Outlook and Review
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that the price will rise to 1st resistance at 4278.78 where the overlap resistance is.
Friday 19th August 2022: Technical Outlook and Review
On the H4 chart, prices seem to have pulled back a little but the overall trend is still bearish biased. Price has broken the intermediate resistance at 133.908 which is the 50% Fibonacci retracement and is now testing the first resistance at 135.605 where the previous swing high. 61.8% fibonacci retracement and 78.6% projection sits.
We’ve added 300+ new EU and UK Shares
Here at IC Markets, we have recently added 310 new Stock CFDs from major UK and EU markets to our offering. These new products will be available to trade as of the 22nd of August 2022.
18th August 2022 Thursday: Technical Outlook and Review
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that the price will rise to 1st resistance at 4278.78 where the overlap resistance is. Once there is upside confirmation that price has broken the 1st resistance structure, we would expect bullish momentum to carry price to 2nd resistance at 4420.02 where the pullback resistance, 78.6% fibonacci retracement and -61.8% fibonacci expansion are.
17th August 2022 Wednesday: Technical Outlook and Review
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from 1st support at 4278.78 where the overlap support is to the 1st resistance at 4420.02 where the pullback resistance, 78.6% fibonacci retracement and -61.8% fibonacci expansion are.
