Technical Analysis

What is the significance of technical analysis in portfolio building?

  • July 07, 2021 05:00 PM AEST
  • Aayush
 What is the significance of technical analysis in portfolio building?

Portfolio building is a process of selecting securities optimally with the sole aim to achieve maximum returns while taking minimum risk. A well-made portfolio consists of diversified securities such as stocks, bonds, money market instrum...

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Technical Alert: IBM Successfully Pierces Through its Price Resistance

Technical Alert: IBM Successfully Pierces Through its Price Resistance

Summary International Business Machines Corp (NYSE: IBM) gained 3.90% percent in the last trading session. Post breaking out of a crucial resistance level the stock hit a new 52-week high. The stock has broken the rising channel pattern on the...

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ASX All-Ordinaries Index hits a New All-Time High, Will It Continue to Shine?

ASX All-Ordinaries Index hits a New All-Time High, Will It Continue to Shine?

Summary ASX All-Ordinaries Index is trading in a primary upward direction as the index prices have witnessed five consecutive quarterly gains that took the prices from 2020 low to a new all-time high. .AORD prices have shown significant gains ...

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PPG Industries Inc. Is at Record Peak, What to Expect Ahead?

PPG Industries Inc. Is at Record Peak, What to Expect Ahead?

ositive trend for the stock but at the same time, an overbought condition. PPG Industries Inc. (NYSE: PPG) is a manufacturer of a wide range of coatings and specialty materials. PPG’s price has broken out of its all-time high on Friday and se...

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Are Bitcoin Bears Gaining Strength or Bulls Retreating To Take a Leap?

Are Bitcoin Bears Gaining Strength or Bulls Retreating To Take a Leap?

Source: Andreanicolini, Shutterstock Summary Bitcoin has shed ~26.19 percent from its lifetime high. Bitcoin prices are trading in a rising channel formation on the daily chart. Prices are moving in a horizontal channel pattern on the weekly ...

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Is Advanced Micro Devices Inc. Catching Momentum from Crucial Support Zone?

Is Advanced Micro Devices Inc. Catching Momentum from Crucial Support Zone?

Source: Macro photo, Shutterstock Summary Advanced Micro Devices (NASDAQ: AMD) gained 5.68% percent in the last trading session and was one of the top gainers in the NASDAQ 100 index. Last week, AMD had pierced through a downward trendline and...

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Is GlaxoSmithKline PLC getting ready to take off?

Is GlaxoSmithKline PLC getting ready to take off?

Source: Poring Studio, Shutterstock Summary GlaxoSmithKline PLC (LON: GSK) gained 4.56% percent in the last trading session. The stock soared almost ~16.64 percent in the last eight weeks, the price has broken out of its falling channel patter...

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Lower Ending Stocks & Tight Supplies Push Corn Prices Higher  

Lower Ending Stocks & Tight Supplies Push Corn Prices Higher  

Source: Africa Studio, Shutterstock Summary Corn prices are continuously trading in the northward direction for the past 9 months. Prices broke the downward sloping trendline in January 2021 and since then the upside momentum strong. Global C...

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Goldman Sachs Consolidating Around Trend Line Support

Goldman Sachs Consolidating Around Trend Line Support

Source: soul_studio, Shutterstock Summary Goldman Sachs Group Inc. (NYSE: GS) has been on an upward trajectory since October 2020. The price has broken crucial resistance level and hit an all-time high. Stock prices are trading above an upwar...

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Will CVS Health Corp. Sustain on Higher Levels After A Sharp Rally?

Will CVS Health Corp. Sustain on Higher Levels After A Sharp Rally?

Source: ranjith ravindran, Shutterstock Summary CVS Health Corp. made a new lifetime high and delivered a return of ~39.50 percent in the past six months. CVS Stock prices are trading in a rectangle channel formation on the daily chart. The s...

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Sugar Prices Ripe to Jump out of Bear Grip?

Sugar Prices Ripe to Jump out of Bear Grip?

ping trendline at US$398.80 that might provide upside potential for the commodity. The ICE white sugar number 5 prices have witnessed sharp downside movement by 7.71% to US$ 420 per ton in March 2021 compared to US$ 455.1 per ton in February 202...

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