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Netflix has moved passed its accumulation phase into a mark-up phase. It is trading above its black 200-day simple moving average, and, importantly, the SMA is pointing up. We have added On Balance Volume (OBV) as the indicator underneath the price chart. Volume is a measure of supply and demand. In this case both the price and OBV are coordinated and trending up. According to OBV theory, this connotes that…
The iPhone maker unveiled on Monday its long-rumored mixed reality goggles, the first major new product announcement, entering a market occupied mostly by Facebook-parent Meta and its Metaverse
EV makers are facing an adverse economic environment, but the market is set for continuing growth. As the next earnings season approaches, EV leader Tesla is well positioned to maintain its reign, but faces increasing competition from companies such as Ford, BYD and more
The chip designer reported somewhat mixed quarterly results on Wednesday, but the data center business generated record revenues on AI demand, which also drove strong forward guidance and sent the stock higher in pre-market
Apple, the renowned technology giant, made a significant declaration on Tuesday regarding their future. They unveiled a ground-breaking partnership with Broadcom, a leading company in the industry, for a substantial agreement spanning multiple years and involving billions of dollars. The focus of this collaboration is centred around the development and production of state-of-the-art 5G radio frequency components and wireless chips. It is noteworthy that a portion of these advanced 5G…
Popular low-cost airline group Ryanair released strong top and bottom line results for FY2023 (period ended March 31), with robust summer demand eyed
The FAANG stocks are influential. They are registering as overbought, which may have broader market implications.
The British luxury fashion brand reported solid financial results today for FY2023, with Revenue rising 10% y/y, helped by a sales acceleration in China during the first quarter of the current year
The CEO of EV King Tesla covered a wide range of issues during Tuesday’s annual shareholder meeting, teasing two new vehicles, offering more insights on to the upcoming Cybertruck and more
On Monday, European regulators granted approval to Microsoft's proposed acquisition of Activision Blizzard, a deal worth $69 billion. While this decision does not guarantee the acquisition's completion, it may assist Microsoft in addressing objections raised by the United States and the United Kingdom.
The entertainment giant announced overall solid results for Q2 FY2023 (period ending April 1) and even though its streaming user base contracted, it kept the top spot and the financials of the business improved
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