Shares of Palantir Technologies Inc. (NYSE: PLTR) have run into a resistance level. If they can break through this resistance, they could make a rapid and meaningful move higher.
Shares of Netflix, Inc. (NASDAQ: NFLX) have been in a steep downtrend, but that may be about to change because the stock is getting close to a support level.
Since last July, Netflix shares have dropped to the $470 level four times. Each time a rebound or rally followed.
Bitcoin (CRYPTO:BTC) has been trending lower and over the weekend, Elon Musk made some comments that many investors took to be bearish. That has caused the downtrend momentum to accelerate.
Cryptocurrency funds are trending lower as well.
Traders of Advanced Micro Devices, Inc. (NASDAQ: AMD) stock are on alert. They're watching how shares act as they trade close to the $74 level. This level has been clear support four times since August.
AMC Entertainment Holdings, Inc. (NYSE: AMC) may be about to give back some of its recent gains.
The stock has run into resistance around the $14 level. When it reached this level in March, the bears overpowered the bulls and forced the stock lower.
Inflation decreases purchasing power. It also increases the expenses of most companies. In general, it’s a bad thing.
But some companies will benefit from rising prices. This is the case for ones in the precious metals industry.
Could Bitcoin (CRYPTO:BTC) stage a rebound? It has dropped to a level that has been support and is oversold.
Oversold means it's trading below what would be a typical or average trading range. These conditions draw buyers in the market.