Bitcoin (CRYPTO: BTC) was trading about 2% higher at one point on Wednesday in continued consolidation after two bullish days on July 27 and July 28 saw the crypto soar up over 13% higher.
Shares of Airbnb, Inc. (NASDAQ: ABNB) have trended lower since the company reported its earnings. But the stock has found support around $108. This means it may rally.
There is a reason why the $108 level is support. It’s because it has previously been a resistance level.
GameStop Corp. (NYSE: GME) was trading slightly higher in the premarket on Wednesday after regaining the 200-day simple moving average (SMA) on Tuesday.
Advanced Micro Devices, Inc (NASDAQ: AMD) is set to print its fiscal second-quarter financial results after the market closes on Tuesday. The stock was trading over 3% higher heading into the event.
Starbucks Corporation (NASDAQ: SBUX) shot up briefly intraday before retracing under Monday’s low-of-day to head into its third-quarter financial results Tuesday afternoon.
As second-quarter earnings season reaches its midpoint, it has yet to be determined whether issues in the growth technology sector have found a long-term bottom. So far, it has been a mixed bag with several to still report.
Dogecoin (CRYPTO: DOGE) was trading flat during Monday’s 24-hour trading session, printing a double inside bar pattern in continued consolidation.
An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend.