Top 5 Stocks to Watchout and Trade Today

https://www.capitalstreetfx.com/en/top-5-stocks-to-watchout-trade-today-august-06-2021/
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ING REPORTS $2.5 BILLION PRE-TAX PROFIT, PLANS DIVIDENDS AND BUYBACKS

ING Groep NV is trading up 1.07% at 11.28

On technical fronts ING Groep NV RSI stood at 60.66 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:

TRADE SIGNAL – : ING Groep NV – BUY: 11.27, TARGET: 11.53, STOP LOSS : 11.09

https://www.capitalstreetfx.com/en/ing-reports-2-5-billion-pre-tax-profit-plans-dividends-and-buybacks/
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GOLD DOWN, BUT REMAINS NEAR $1,800 MARK, IN LEADUP TO U.S. JOBS REPORT

Gold was trading 0.52% down at $1,799.60.

Gold was down on Friday morning in Asia, but remained near the key $1,800 mark as investors await the latest U.S. jobs report.

On the technical front Gold , RSI Stood at 44.399, the current price is trading Below All the Moving Averages . So, a Sell trade can be executed with the following target and stop-loss:

TRADE SIGNAL- Gold– SELL: 1800.50, TARGET:-1750.50, STOP LOSS:- 1825.50.

https://www.capitalstreetfx.com/en/gold-down-but-remains-near-1800-mark-in-leadup-to-u-s-jobs-report/
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AMAZON TO PAY SHOPPERS HURT BY OTHERS’ PRODUCTS, DOES NOT ADMIT LIABILITY

Amazon.com Inc (NASDAQ:AMZN) is trading down 0.09% at 3341.87

Amazon.com Inc (NASDAQ: AMZN) on Tuesday said it would pay customers who suffer injuries or property damage from defective goods others sell on its U.S. platform, in a new policy that could reduce litigation.

On technical fronts Amazon.com Inc (NASDAQ: AMZN) RSI stood at 36.11 and currently stock is trading below all Moving Average. So, the SELL position can be taken with the following target and stoploss:

TRADE SIGNAL – : Amazon.com Inc (NASDAQ:AMZN) – SELL: 3341.87, TARGET: 3274.88, STOP LOSS : 3437.11

https://www.capitalstreetfx.com/en/amazon-to-pay-shoppers-hurt-by-others-products-does-not-admit-liability/

BOEING 737 MAX TEST PLANE TAKES FLIGHT IN CHINA

Boeing (NYSE:BA) Co is trading up 1.51% at 235.78

A Boeing (NYSE:BA) Co 737 MAX test plane took to the skies in China on Wednesday as the U.S. manufacturer looks to end a nearly two-and-a-half-year regulatory grounding of the model in the key travel market.

On technical fronts Boeing (NYSE:BA) Co RSI stood at 56.39 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:

TRADE SIGNAL – : Boeing (NYSE:BA) Co – BUY: 235.78, TARGET: 244.86, STOP LOSS : 225.04

https://www.capitalstreetfx.com/en/boeing-737-max-test-plane-takes-flight-in-china/

OIL PRICES DROP AMID FALTERING DEMAND OUTLOOK IN CHINA

Brent Oil was trading 1.60% Down at $69.46.

Oil prices fell more than 1% on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indicator that fresh COVID-19 outbreaks are crimping the world’s no.2 economy.

Brent Crude was down 90 cents, or 1.3%, at $69.69 a barrel by 0649 GMT. U.S. oil fell by 97 cents, or 1.4%, to $67.47 a barrel.

“Oil futures weakness … is likely triggered by weaker-than-expected growth data from China, which is a major consumer of oil,” said Kelvin Wong, market analyst at CMC Markets in Singapore. “All in all, the global peak growth narrative has been intensified.”

On the technical front Brent Oil , RSI Stood at 39.949, the current price is trading Below All the Moving Averages . So, a Sell trade can be executed with the following target and stop-loss:

TRADE SIGNAL-Brent Oil– SELL: 70.20, TARGET:-60.20, STOP LOSS:- 75.20.

https://www.capitalstreetfx.com/en/oil-prices-drop-amid-faltering-demand-outlook-in-china/

MUSK SAYS TESLA’S SELF-DRIVING SOFTWARE UPDATE ‘NOT GREAT’

Tesla (NASDAQ:TSLA) Inc. is trading up 3.83% at 706.30

Tesla (NASDAQ:TSLA) Inc’s Chief Executive Elon Musk said on Monday said that the electric-car maker was working on improving the much-awaited update to its self-driving software “as fast as possible.”

On technical fronts Tesla (NASDAQ:TSLA) Inc. RSI stood at 56.25 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:

TRADE SIGNAL – : Tesla (NASDAQ:TSLA) Inc. – BUY: 706.30, TARGET: 729.38, STOP LOSS : 695.15

https://www.capitalstreetfx.com/en/musk-says-teslas-self-driving-software-update-not-great/

TOP 5 STOCKS TO WATCHOUT & TRADE TODAY – AUGUST 24, 2021

1#SAMSUNG

Samsung Group will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors and robotics in the post-pandemic era, Samsung Electronics Co Ltd said.

The firm did not say whether the latest investment figure includes the $17 billion it was reportedly spending on a new U.S. chip contract chip factory. The plan is 30% larger than Samsung’s previous three-year strategy floated in 2018. The group decided to increase investment to retain technological leadership, especially during “emergency situations” at home and abroad.

“The chip industry is the safety plate of the Korean economy… Our aggressive investment is a survival strategy in a sense that once we lose our competitiveness, it is almost impossible to make a comeback,” Samsung Electronics said in a statement.

Chip rivals including Taiwan Semiconductor Manufacturing Co Ltd and Intel Corp are making large investments amid a global chip shortage and intensifying competition in the advanced chip segment.

Samsung Group has 59 affiliates with assets totalling 457 trillion won, according to South Korea’s Fair Trade Commission.

https://www.capitalstreetfx.com/en/top-5-stocks-to-watchout-trade-today-august-24-2021/