Market Review 18-6

Market Review 18-6

Tesla’s Officially Out of Downtrend Territory – Here’s Where It Goes Next

 

By Jonas Elmerraji

 

Buyers are back in control of the price action on all timeframes when it comes to Tesla.

 

Since the start of June, shares of Tesla are up more than 20.9%. But Wednesday’s relatively innocuous 0.58% rally might just be the most important single session we’ve seen this month.

 

That’s because Wednesday’s close confirmed Tesla’s break above the technically significant $340 price level, officially taking shares out of downtrend territory in the intermediate-term. That shift means that shares of Tesla Inc. are now in uptrends on short-term, intermediate-term and long-term timeframes.

 

https://www.thestreet.com/investing/where-tesla-stock-goes-next-14622350

 

 

 

Silver Price Forecast

 

By Christopher Lewis

 

The Silver markets broke out to the upside during the trading session on Thursday, slicing through the $17 level, reaching towards the $17.30 level. I believe that the market will continue to attract buyers on pullbacks, and that the $17 level should offer a bit of support on short-term charts. I recognize that Silver is very sensitive to the US dollar and risk appetite in general, so keep that in mind. However, I think that the trajectory is a very positive, and it looks as if the 50 SMA continues offer support. Longer-term, I think that we can break above the $17.50 level, and then go looking towards the $18 level after that.

 

https://www.fxempire.com/forecasts/article/silver-price-forecast-silver-markets-rally-significantly-thursday-510303

 

 

 

Japanese Yen May Gain as Focus Shifts Back to Trade War Fears

 

By Daniel Dubrovsky

 

JAPANESE YEN FUNDAMENTAL FORECAST: BULLISH

 

  • Japanese Yen faced the North Korea Summit, Fed, ECB and BoJ rate decisions
  • With those key event risks now behind us, focus shifts back to trade war worries
  • The US is pressing Chinese tariffs, the anti-risk unit stands to gain if stocks fall

 

https://www.dailyfx.com/forecasts?ref=SubNav

 

 

Netflix Stock Spikes To Record High As Investors Ignore Short-Seller Call

 

By Patrick Seitz

 

In the battle between Wall Street bulls and bears over Netflix stock, the bulls are winning!!

 

Netflix (NFLX) shares spiked to an all-time high on Thursday, their second record high in as many days.

 

Year to date, Netflix stock is up 105%. Last year, shares of the internet television network rose 55%.

 

Analyst Heath Terry raised his 12-month price target on Netflix to 490 from 390 and reiterated his buy rating.

 

https://www.investors.com/news/technology/click/netflix-stock-spikes-record-high

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