Technically Speaking – another update

A quick follow up to my last post. Seems like the weakness I expected never materialised and the market held up quite well at the 1370 Fibonacci line and has completely flew above two resistance areas (marked red and green respectively). What could be driving the rally? I don’t really know, as far as I…

Technically Speaking – an update

It’s been quite a bumpy ride since my last entry around about two weeks ago. The market has closed the gap at 1420, and has retraced since then, bouncing at 1370 before attempting to breach the resistance at 1420, once again failing. Yesterday, the market closed down about 30 points, hovering at the Fibonacci support…

Technically Speaking

I really try to not do this because I’d prefer to not write about the stock market on my website. But since I’m not really keen on documenting my personal life at this moment, I reckon, this will have to do, plus, people always seem to like talking about the market anyway. In November 2019,…