A decisive move above this level would solidify the recent bullish signal ahead of Apple and Amazon earnings.US index futures were little changed in the early European trade, shrugging off a less dovish than expected Federal Reserve policyThe result of these companies could set the tone for the remainder of the week in what has been a mixed earnings season so far for the so-called “Magnificent 7” group of stocks.
By deploying state-of-the-art fundamental data modeling, ProPicks identifies 90+ high-potential stocks every month before they take off. A big feature of the tech-fuelled rally on Wednesday was Nvidia soaring in excessive of 12% following solid earnings from fellow chip stock Advanced Micro Devices surprised investors with stronger-than-expected second-quarter sales, thanks to its strategic investments in artificial intelligence, which are driving more targeted and personalized advertising. This positive development sent Meta's shares soaring in late trading on Wednesday.
So, we will now need to see a decisive break above that area to confirm the bullish signal that was formed on Wednesday. Without follow-through the shape of any individual candlestick pattern should be taken with a pinch of salt.
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