Based on Technical analysis, the idea is to go long for a long term investment.
The market is bullish, confirmed also from the Exponential Moving Average. The trendline has been broken showing a signal of weakness of the market and the wisest option at the moment is to wait the end of this price retracement before buying for a long term investment.
Options:
1. Short term - go short - too Risky
2. Long term - go long - but wait the end of the price retracement.
Fundamental Analysis:
Trump says he will ban TikTok through executive action as soon as Saturday
Trump’s comments come as it was reported Friday that Microsoft has held talks to buy the TikTok video-sharing mobile app from Chinese owner ByteDance.
The market is bullish, confirmed also from the Exponential Moving Average. The trendline has been broken showing a signal of weakness of the market and the wisest option at the moment is to wait the end of this price retracement before buying for a long term investment.
Options:
1. Short term - go short - too Risky
2. Long term - go long - but wait the end of the price retracement.
Fundamental Analysis:
Trump says he will ban TikTok through executive action as soon as Saturday
Trump’s comments come as it was reported Friday that Microsoft has held talks to buy the TikTok video-sharing mobile app from Chinese owner ByteDance.
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