Abstract：Looking at the technical picture of the Amadeus IT Group SA (BME: AMS) stock on our 4-hour chart we can see that as of yesterday, the share price managed to overcome a short-term tentative downside resistance line taken from the high of May 30th. For now, AMS continues to trade above that line, meaning that more byers might see it as a good sign to step in. We will take a positive approach for now.
Looking at the technical picture of the Amadeus IT Group SA (BME: AMS) stock on our 4-hour chart we can see that as of yesterday, the share price managed to overcome a short-term tentative downside resistance line taken from the high of May 30th. For now, AMS continues to trade above that line, meaning that more byers might see it as a good sign to step in. We will take a positive approach for now.
A further push north may bring the price to its next potential resistance area between the 55.36 and 55.60 levels, marked by the high of June 10th and the low of June 9th respectively. Initially, AMS could stall there for a bit, or even correct slightly lower. However, if the stock is able to stay somewhere above the aforementioned downside line, another move higher might be possible. If this time the price can overcome the previously mentioned resistance area, this may open the door for a move towards higher hurdles, where the next one could be at 58.00, marked by the high of June 6th.
The RSI and the MACD are pointing higher. Additionally, the RSI is above 50, showing positive price momentum. However, the MACD is above the signal line, but remains below zero, while slowly grinding towards it. Both indicators are pointing upwards, however, to get more positive with higher areas, a break above 55.60 would be needed.
Alternatively, a price-drop back below the previously mentioned downside line and below the 53.48 zone, marked by the low of June 10th, could temporarily scare off some buyers from the arena. AMS may then fall to the 52.26 obstacle, or to the 51.28 hurdle, marked by the inside swing high of June 16th. If the buyers are still nowhere to be found, the stock might slide again and the next target could be at 49.92, marked by the low of June 16th.
Nigeria's Alayide, May 31 (Reuters) - In his home Nigeria, cassava is a staple crop, and Busari Kasali used to worry that it might deteriorate before it reached the market. The 76-year-old said today that keeping up with Unilever, a major consumer products company, is his top priority.
The 16th and current president of Nigeria is a Nigerian politician by the name of Chief Bola Ahmed Adekunle Tinubu GCFR (born March 29, 1952). From 1999 until 2007, he served as governor of Lagos State. During the Third Republic, he represented Lagos West in the Senate.
Luno TradeFx is a China-based trading platform that has been established for 1-2 years. It offers a wide range of tradable instruments, with a primary focus on assets like Bitcoin and other cryptocurrencies. Luno TradeFx offers different account types without any minimum deposit requirement to cater to various trading needs. Additionally, Luno TradeFx provides a two-level referral commission structure of 4% and 1% for users who refer others to the platform. When it comes to deposit and withdrawal processes, Luno TradeFx claims that it does not charge any withdrawal fees. Since its official website is closed and it is a newly established dealer, there is little information about it on the Internet, so it is difficult for us to grasp specific details about trading platforms, maximum leverage, spreads, commission fees, and deposit & withdrawal methods. Please note that as Luno TradeFx is not regulated, it is essential to conduct thorough research and consider the associated risks before
AMarkets is an online forex broker based in St. Vincent and the Grenadines, offering various appealing trading conditions such as high leverage, and access to popular trading platforms like MetaTrader4 and MetaTrader5. It provides a wide range of trading instruments across six asset classes, including forex, stocks, and cryptocurrencies. AMarkets also offers a mobile trading app for both Android and iOS users, allowing traders to access their accounts on the go. It provides multiple language options to cater to a diverse client base. However, it is important to note that AMarkets operates without a license and is not regulated by any recognized financial authority. Traders should consider this factor and conduct thorough research before deciding to trade with AMarkets.