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Emilio Estavez

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  1. Paul, The Envelopes indicator is used in technical analysis to determine the upper and lower bands of a trading range. The indicator identifies the range by laying two moving average envelopes on the chart, one shifted upwards and another shifted below. In case the price breaks through one of these bands, it may indicate something and we’d plan our next move.
  2. Hello Smith, Not long ago, Shopify formed a partnership with CoinPayments, a platform that offers merchants to conduct payments of 1,800 types of different digital currencies. Since its launch in 2013, CoinPayments processed more than $5 billion worth of crypto payments. It also offers other services including shopping cart plugins, crypto wallets, shopping cart plugins and so on. Shopify said in a statement that teaming up with CoinPayments should facilitate crypto transactions and make cryptocurrencies more accessible to the retailers. Another benefit is that it would cut the costs of crypto payments. The Chief Executive of CoinPayments, Jason Butcher, thinks that this alliance will be unstoppable in the industry. “By bringing our easy-to-use global crypto payments platform together with Shopify's extensive merchant base, we look forward to delivering a seamless process for anyone looking to do business using cryptocurrencies,” Butcher said.
  3. Hi Jane, The Three Stars in the South refers to a bullish reversal pattern that’s made of three consecutive black candlesticks which have successively lower closes and higher lows in a steadily declining downtrend. There are a few things to keep in mind when identifying the pattern: -The market should be in a downtrend -The first candlestick is a black candlestick that has no upper shadow and a long lower shadow which appears on the first day. -.On the second day, another black candlestick should close under the close from a day before and have an opening within the first day’s body. Also, it has a higher low. 4. On the last day, a small Marubozu appears with a higher low.
  4. Hi John, As you probably know already, Forex trading involves trading currencies from different countries. This means that you’re not trading an individual currency, you’re actually trading currency pairs such as - USD/EUR, USD/GBP, EUR/CHF and so on. The price of a currency pair refers to what is known as a “quote”. So when you’re trading currency pairs, they’re displayed with their respective currency symbols and a current price. For instance, the Us Dollar to British Pound currency pair is shown as USD/GBP - 0.81. The number 0.81 means that one US dollar is worth 0.81 British pounds. The first currency in the pair, in this example its USD, refers to the accounting or domestic currency. The second currency in the pair, GBP in this instance, represents the named quote currency. Understanding this will help you break down the definition of FX direct quotes. Depending on where you’re based and what’s your national currency, every quote can be direct and indirect at the same time. A direct FX quote tells you how many foreign currency units could be purchased for a single unit of your local currency. It’s a bit easier to understand direct quotes as they’re used by traders who want to sell foreign units for their national currency. Indirect FX quotes are just the opposite of direct pairs. In other words, indirect quotes represent the value of your local currency in a foreign one. Let’s use the example from above once again, USD/GBP - 0.81. If you’re based in the UK, where GBP is the local currency, this currency pair means that 1 USD is sold for 0.81 British pounds and that’s an indirect quote. On the other hand, if you were based in the US, this same quote would be direct for you.
  5. Hi Phillip, Shares of Computacenter (LON: CCC) have had a great rally over the past three months, gaining around 53% during that period. Currently, the price of Computacenter’s stock is hovering around 1,647 mark but the main question now is how will the stock deal with the crisis caused by the coronavirus pandemic. It all comes down to whether the computer company is in a position strong enough to deal with the economic issues and pull through the market volatility. To learn that answer, we need to analyze the company’s stock and look for its advantages. The Computacenter stock certainly has some strengths when it comes to important financial and technical measures. To be more specific, it’s a high-quality stock with great momentum. Throughout history, we learned that high-grade stocks are more stable and have the ability to accumulate good returns in the long run. Additionally, stocks with strong momentum in value and earnings indicate lots of positive trends in that stock. When it comes to technical measures, Computacenter has an outstanding 5-year Return on Capital Employed of 23.2%. Double-digit ROCEs, such as this one, indicates that the company’s stock has been growing quite profitably. Also, the share price of Computacenter has advanced around 52.7% on the market in the last 12 months. As I’ve mentioned before, factors like market volatility and economic turbulence can slow down the momentum, however, good quality stocks have an ability to pull through the turbulence quicker than usual and recover that momentum. To summarize, Computacenter’s stock certainly has some great aspects to its business, however, according to some recent industry forecasts, analysts predicted a slowdown in the company’s earnings growth. Let me know if you have any further questions.
  6. Emilio Estavez

    Xilinx

    Hello Anna, Xilinx (NASDAQ: XLNX) has made an impressive run in the last three months following the sharp market's recovery from the coronavirus-related hit in February and March. However, investors should proceed with caution due to the fact that Xilinx has been struggling even before the Covid-19 epidemic. The semiconductor manufacturing company generated most of its 2019 revenue on 5G wireless deployments, however, it started to lose momentum towards the end of the year. Xilinx took a big blow from the coronavirus crisis and that was clearly reflected in the company’s fiscal Q4 results in April. However, one part of the company’s operations kept going even during the crisis, providing investors with some optimism regarding the stock. Xilinx’s data center business plays a minor role on an overall basis as it covered only 10% of Xilinx’s Q4 total revenue of $756 million. However, the data center revenue gained an outstanding 77% compared to the same period last year, thanks to an increase in demand from cloud and powerful computing services. The data center sector accounted for only 5% of Xilinx’s Q4 2019 revenue. The influence that this segment made on a general basis is now much higher so it shouldn’t surprise us if we see even bigger revenues from the data center operations in the future, given that demand for data center accelerators and other solutions this segment offers could keep increasing. The data center segment is still in its initial stages of development, as it can be seen in fiscal reports. Still, the segment has a huge potential and could provide the company with a huge boost in the future with its high-performance solutions such as the field-programmable gate arrays (FPGAs).
  7. Hello Benjamin, The support and resistance zones the two market components traders pay attention to identify price levels on charts. Those levels play the role of a barrier that prevents the price from moving into a specific direction. Support and resistance are the most widely debated things when performing a technical analysis of the market. The resistance level refers to the zone that stops the price advancing further and forces it to change the direction. Resistance serves as an indicator for a surplus of bears. On the other hand, support refers to the zone where that stops a downtrend because of an increasing buying interest. The two areas can take different forms with regard to price changes over time. The support zone forms when the demand for the stock increases during a downtrend. Conversely, the resistance zone takes shape when there’s a surplus of bears during an uptrend. Once support and resistance have been determined, the levels serve as potential entry/exit points in the market. The reason for this is because once the price reaches one of the levels, it will either change direction or keep advancing further until a new support/resistance zone is formed. Investors trade the market by anticipating the price performance with regard to support and resistance. In other words, traders try and predict whether the price will change direction upon touching support/resistance or violate those zones and continue moving in the same direction. They make their moves based on that prediction. Investors who made a correct prediction will make a profit while those who were wrong will suffer losses. Support and resistance are typically easy to spot on the chart as the bottom level refers to support and the top level represents resistance.
  8. Emilio Estavez

    FTSE 100

    Hi Michael, thanks for coming here. The FTSE 100 index lost 62.82 points today following sharp stock declines from yesterday due to new coronavirus-related concerns. The index price is currently hovering around the 6,147 mark. Stocks in the United States dropped after seven states reported a sharp increase in the number of new coronavirus cases, with Houston becoming a new epicentre. Apple shut down 7 stores in Houston, following its recent closures in Arizona and other states. Also, it appears that Walt Disney won’t be bringing its California theme parks back to service yet. Wall Street ended the session down 3% last night, giving rise to bearish sentiment in Asia today. According to CMC Markets, The FTSE-100 Index was estimated to lose 19 points. Increasing coronavirus concerns also affected UK stocks yesterday, causing it to drop 3% yesterday. “That wasn't helped by hints from Washington that the US would impose tariffs on certain UK and EU imports, albeit it on a fairly small selection of goods. The IMF's slashing of its forecasts for global growth also hurt sentiment, so markets were set for a rocky session today.” Shares of Royal Mail also dropped 6% after the postal service company after its letters division reported worse-than-expected data. Royal Mail said a third of the mailbag crashed over two months during the pandemic. As a result, the company let go of 2000 out of its 10,000 employees. Among rising FTSE 100 components were Segro, Schroders and Hargreaves Lansdown, gaining around 1%. The other declining stocks include United Utilities, Rightmove and Auto Trader, which lost 3-4%. The technology sector did the worst as it lost around 2% on the index.
  9. Emilio Estavez

    Roku

    Hi Anna, Shares of Roku (NASDAQ: ROKU) gained 8.2% recently as a result of a bullish analyst report. Laura Martin, an analyst at the independent investment bank Needham & Company changed her rating for Roku’s stock to “Buy” and set a price target of $150. Martin noted that it is expected that the digital advertising sector should recover after suffering a big blow from coronavirus crisis. Martin highlighted the strong hours-viewed metrics in Q2 results of the digital media players manufacturer, weakened by the low ad spending in core categories like travel, autos, and entertainment. Martin’s report particularly pointed out that advertisers will likely not spend the planned $7 billion in advertising in this year, enabling Roku and its peers to get a share of those delayed ad funds in the second half of 2020. Shares of Roku jumped an additional 13% on rumours that Google’s parent company, Alphabet (NASDAQ: GOOGL) wants to acquire the company. However, keep in mind that these are only rumours and currently there’s no information to confirm them. “To be clear, there's no substance to this buyout speculation. Alphabet hasn't expressed interest in Roku, and Roku hasn't said it's for sale. There also aren't any news outlets claiming secret insider information. It's hard to know how such a rumour even got started today. But it's not the first time the two have been imagined as an ideal match.” Roku is currently trading at 11 times trailing sales without cash flows to mention and is ranked as one of the top investment opportunities among some investors. Investing in Roku in short-term probably isn’t a good idea, however, on a long-term basis, there are a number of reasons to consider investing in this stock.
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