Unfolding Drama and Market Trends: From Convenience Stores to Celebrity Conflicts
A convenience store chain is experiencing a sustained long-term upward trend, with charts indicating no signs of slowing down.
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Long Term Trend
All articles tagged with #long term trend
Bitcoin's October Decline Sparks Uncertainty for November
Bitcoin has fallen below its 200-day moving average at $109,800, signaling potential further downside to around $94,200, but its long-term momentum remains positive with a possible target of $134,500 if the trend continues.
"Assessing the Stock Market's Position in Relation to its Long-Term Trend"
The stock market is currently 98% above its long-term trend, indicating that stocks would need to decline significantly to align with their historical trend line, dating back to 1793. However, this doesn't necessarily imply an impending crash, as market trends are not inherently predictive and can be influenced by various factors.
"Challenges and Volatility in the Natural Gas Market: A Technical Analysis Perspective"
Natural gas failed to hold support at the 50-Day MA and instead tested the 200-Day MA as support, completing a 61.8% Fibonacci retracement and nearing the target for an extended declining ABCD pattern. The weekly chart shows support at the 50-Week MA, indicating potential for the current correction to complete. The price action suggests a failed upside move, with the long-term trend indicator, the 200-Day MA, being closely watched for signs of strength. A successful test of the 200-Day MA as support could signal a bullish reversal, while a break below 2.65 may lead to increased uncertainty and a potential decline to the next Fibonacci level at 2.48.