Author: Bengsky

FAQ

Twitter (TWTR)

The image grabbed via google.

Twitter will now test the resistance at the 50% Fibonacci level, if it can successfully break the barrier at 30 USD levels we can see the asset will go on its way to an average price of 30.19 USD.

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Corning Incorporated

They manufacture and sell specialty glasses, ceramics, and related materials worldwide.

Still monitoring how it develops over time after the pandemic triggered price decline and hitting a 17 USD apiece now slightly recovered and now trading 20 USD per share. If ever bulls will continue to dominate it might go out from the point of convergence and may test a new high. Still, support of 16 USD is the risk factor as to the technical perspective. Nevertheless, it is interesting to see in the coming days if indeed going strong or still play around the near support area. I’m looking for a test of strength if it can challenge the 22 USD levels soon.

Technical insights only. This is not a recommendation. Exercise due diligence your capital is at risk.

Is trading and investing in CFD risky?

Like other investments in financial markets, risks are always there. CFD uses leverage to maximize profitability in small capital. Leveraged trading is a somewhat double-edged sword, you will get higher returns if it was used correctly and it will also burn or wipe out your money if not used correctly. Before trading CFD’s proper education is a must.

Facts about eToro

Etoro is an investing and trading company. They cater to global securities like stocks, indices, commodities, cryptocurrencies, and currencies. As an investment firm, capital is needed to invest and trade in global markets. eToro is a brokerage company linking investors and trading to global financial markets. We can’t invest and trade without a licensed brokerage managing our capital and executing our buy and sell.

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DEVON ENERGY CORP (DVN-NYSE)

Devon is an energy company involved in explorations, productions, and processing of natural gas. As oil prices continue to fall due to surplus in inventory and storage problems. Pandemic triggered the fall in demand for oil used in transportation and manufacturing it is understandable that energy sectors are affected. In June 2014, DVN registered a price of 80 USD per share and eventually declined until the COVID-19 pandemic recently broke its support at 20 USD per share. Now it is trading below 10 USD per share. Well, as to price we can say its already cheap but the question is on when the energy sectors will get the good news to finally start to recover. As global demand for oil declined, a lot of tankers are still in the garage waiting for an order from companies to finally unload and deliver precious black gold. Energy is needed in the economy but now it seems the energy sector needs also some rescue stimulus to survive.