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07 (Thu) Dec FUTURE PLC SHARE PRICE CRASHED 32.8% AMID FALLING FY REVENUES https://www.asktraders.com/analysis/future-plc-share-price-crashed-32-8-amid-falling-fy-revenues/ GAMES WORKSHOP SHARES PLUNGED 15% DESPITE UPBEAT H1 RESULTS https://www.asktraders.com/analysis/games-workshop-shares-plunged-15-despite-upbeat-h1-results/ FRASERS GROUP SHARE PRICE EDGED HIGHER ON H1 FY 2024 RESULTS https://www.asktraders.com/analysis/frasers-group-share-price-edged-higher-on-h1-fy-2024-results/

What are your thoughts on BitCoin?

What levels to watch?

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06 (Wed) Dec PARAGON BANKING (PAG) SHARE PRICE SPIKED 13.4%, LATER FELL BACK https://www.asktraders.com/analysis/paragon-banking-pag-share-price-spiked-13-4-later-fell-back/ RIO TINTO SHARES ROSE 2.3% ON SIMANDOU UPDATE, INVESTOR SEMINAR https://www.asktraders.com/analysis/rio-tinto-shares-rose-2-3-on-simandou-update-investor-seminar/ BRITISH AMERICAN (BATS) SHARES PLUNGED 9.4% ON A £25BN CHARGE https://www.asktraders.com/analysis/british-american-bats-shares-plunged-9-39-on-trading-update/ TUI SHARE PRICE GAPPED UP 9.54% ON ITS FY 2023 FINAL RESULTS https://www.asktraders.com/analysis/tui-share-price-gapped-up-9-54-on-its-fy-2023-final-results/

It's really just a gamble

05 (Tue) Dec SENIOR PLC SHARES SPIKED LOWER, THEN ROSE ON STRATA CONTRACT https://www.asktraders.com/analysis/senior-plc-shares-spiked-lower-then-rose-on-strata-contract/ SSP GROUP SHARE PRICE CLIMBED 5.58% ON REINSTATING FY DIVIDEND https://www.asktraders.com/analysis/ssp-group-share-price-climbed-5-58-on-reinstating-fy-dividend/ ITM POWER SHARE PRICE SURGED 16.1% ON UPBEAT FIRST-HALF RESULTS https://www.asktraders.com/analysis/discoverie-share-price-rallied-6-94-on-interim-h1-fy24-results/ DISCOVERIE SHARE PRICE RALLIED 6.94% ON INTERIM H1 FY24 RESULTS https://www.asktraders.com/analysis/itm-power-share-price-surged-16-1-on-upbeat-first-half-results/

The recent red candles show strong selling momentum. The gains from the past week by bulls have been lost. This indicates fresh shorts and profit booking. $18 is the temporary support. If broken, we may see it heading down to the gap-up support at $17.20, which, considering the current selling, I don't think would be helpful. We have strong support levels at $15 and a robust demand zone at $13.80.

The charts are indicating no sign of a reversal. It can continue to fall. I can see a demand level at $95 and a major one at $90. The stock has reversed back earlier from the $90 level.

What are your thoughts on trading SBUX?

What levels to watch?

ABBV - Last week, it broke its multi-day trading range, and on Friday, it closed above the resistance level at $144. ORCL - For the past 2 weeks, the stock has been trading in a tight range. On Friday, it tried to give a breakout on the lower side. Charts indicate the overall momentum is bullish. We can expect a strong rally once the resistance at $117.70 is broken. AAPL - It was struggling to sustain the gains from the past week. On Friday, it closed negative. I have marked the trading range. NKE - It closed positive on Friday, above the swing resistance at $114. JPM - Trading near a major selling zone.

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They released their earning results for the six months ending October 31, 2023, ahead of their interim results release on January 31, 2024. The company generated revenues worth £7.5 million for the first half of its financial year.

The ITM Power plc (LON: ITM) share price has surged 16.13% today

Indian Rupee edges higher amid the decline in oil prices, US Treasury bond yields. The Reserve Bank of India (RBI) is likely to maintain an interest rate pause at 6.50% at its December meeting. Market players await the US Services PMI data, due later on Tuesday.

01 (Fri) Dec FRESNILLO SHARE PRICE ROSE ON TWO NEWLY CREATED EXECUTIVE ROLES https://www.asktraders.com/analysis/fresnillo-share-price-rose-on-two-newly-created-executive-roles/ 3I INFRASTRUCTURE (3IN) SHARE PRICE TRADED SIDEWAYS- HERE’S WHY https://www.asktraders.com/analysis/3i-infrastructure-3in-share-price-traded-sideways-heres-why/ FRASERS GROUP SHARE PRICE EDGED UP ON SPORTSCHECK’S INSOLVENCY https://www.asktraders.com/analysis/frasers-group-share-price-edged-up-on-sportschecks-insolvency/ CERES POWER SHARES PLUNGED 27.5% ON LOWER REVENUE GUIDANCE https://www.asktraders.com/analysis/ceres-power-shares-plunged-27-5-on-lower-revenue-guidance/

Daily stock market news for Dec.

I like these changes!

A MACD (Moving Average Convergence Divergence) bearish crossover occurs when the MACD line (the shorter-term moving average) crosses below the signal line (the longer-term moving average). This event signals a potential shift in momentum towards a bearish or downward trend in the asset is price. Traders often use this crossover as a signal to consider selling or taking a bearish position in the market, as it suggests a weakening of the current upward trend.

30 (Thu) Nov ME GROUP SHARE PRICE DROPPED 9.32% ON YEAR-END TRADING UPDATE https://www.asktraders.com/analysis/me-group-share-price-dropped-9-32-on-year-end-trading-update/ AUCTION TECHNOLOGY (ATG) SHARES PLUMMETED 22.7% ON FY REPORT https://www.asktraders.com/analysis/auction-technology-atg-shares-plummeted-22-7-on-fy-report/ FORESIGHT GROUP (FSG) SHARE PRICE ROSE 3% ON UPBEAT H1 PROFITS https://www.asktraders.com/analysis/foresight-group-fsg-share-price-rose-3-on-upbeat-h1-profits/ MITCHELLS & BUTLERS’ SHARE PRICE PLUNGED 9.6% ON FY 2023 RESULTS https://www.asktraders.com/analysis/mitchells-butlers-share-price-plunged-9-6-on-fy-2023-results/ DR MARTENS SHARE PRICE CRASHED 27% ON FALLING HALF-YEAR PROFITS https://www.asktraders.com/analysis/dr-martens-share-price-crashed-27-on-falling-half-year-profits/ METRO BANK SHARES RALLIED 6.98% ON PLANS TO FIRE 20% OF ITS STAFF https://www.asktraders.com/analysis/metro-bank-shares-rallied-6-98-on-plans-to-fire-20-of-its-staff/

The price action story If you look at the blue marking on the chart, the stock has also formed it earlier near It has been moving in the range of 15th Nov's candle. The price has been struggling to move up or form any bullish pattern. If you observe, it did form a similar candle on 3rd Aug (marked by blue), and it took a few months to break the range. Currently, the candle indicates weakness. Levels to watch Current resistance is at 14.80; we can see it heading for 15.80 once the level is broken

Here's a list of stocks that closed positive yesterday, can could continue to run today: $C $CRM $BAC $WFC $SNAP $JPM $NCLH

Price Action Analysis META broke the swing trading range and has been sustaining the gains. Such red candles are not a cause for much concern. Levels to Watch 326 is the support of the current buildup. Consider the change in trend once it is broken. There is a strong swing resistance at $352; we can expect a solid rally once that level is broken.

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