The EUR/USD exchange rate was flat this week as market participants reflected on key events, including the statement from Jerome Powell and the important macro data from the United States and Europe. It was trading at 1.1665 on Friday as investors waited for the upcoming US PCE report. 

Focus on the US monetary policy

The EUR/USD pair moved sideways as investors reacted to the ongoing happenings on the US monetary policy following last week’s statement from Jerome Powell on interest rates.

In his speech at the Jackson Hole Symposium, Powell noted that the bank would likely start cut interest rates, citing the developments on the labor market, which has deteriorated in the past few months.

The view was supported on Thursday by Christopher Waller, a Fed governor who has advocated for rate cuts in the past few months, and who is being considered to replace Jerome Powell when his tenure ends next year.

Waller has always argued that cutting rates would be appropriate as inflation remains subtle and that the risks to the labor market are significant. He said:

“With underlying inflation close to 2%, market-based measures of longer-term inflation expectations firmly anchored, and the chances of an undesirable weakening in the labor market increased, proper risk management means the FOMC should be cutting the policy rate now.”

The EUR/USD exchange rate also reacted to the latest US consumer confidence data, by the Confirmed Board. This report showed that confidence dropped this month, likely because of the rising unemployment rate and the rising consumer inflation in the country.

On the positive side, the Bureau of Economic Analysis (BEA) reported a strong GDP number on Thursday. This report showed that the economy grew by 3.3% in the second quarter, higher than the previous estimate of 3.1%.

There are two important economic numbers that will move the EUR/USD  pair in the coming days. First, the US will publish the latest personal consumption expenditure (PCE) data later today. Economists expect the data to show that the headline PCE inflation rose by 2.6% in July, while the core PCE rose to 2.7%.

The other notable data to watch will be the upcoming US nonfarm payrolls (NFP) data, which will come out on Thursday Friday next week.

Economists expect the data to show that economy created 78,000 jobs in August, while the unemployment rate rose to 4.3%. A weak jobs report will likely lead to confirm the coming interest rate cut.

EUR/USD technical analysis 

The eight-hour chart shows that the EUR/USD exchange rate has moved sideways in the past few days. It has remained above the 50-day and 100-day Exponential Moving Averages (EMA).

The pair has formed an inverse head and shoulders pattern, which is often a sign of a bullish reversal. It is hovering slightly below this pattern’s neckline.

Therefore, the pair will likely have a strong bullish breakout in the coming weeks, with the next level to watch being at 1.1830. A move above the slanting trendline will confirm this breakout.

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The Indian rupee slump accelerated on Friday, reaching its lowest level on record as investors reacted to the ongoing trade conflict with the United States. The USD/INR exchange rate was trading at a record high of 88.20.

It is up by 5.17% from its lowest level in April this year, making it the worst-performing currency in Asia this year. 

Why the Indian rupee is plunging

The Indian rupee continued its strong downward spiral this week as market participants reacted to the ongoing trade tussle between the US and India. 

Trump has applied a 50% tariff on goods coming from the country, a move that Citi analysts believe will hit almost 1% of the GDP. Inia exported goods worth over $77.5 billion to the United States in 2024, an 11% increase from a year earlier. 

Many sectors will be impacted, including jewelry and clothing. Most importantly, the tariffs have reduced the appeal of India as a viable alternative to China. 

Most companies, such as Tesla and Apple, have recently expanded their operations in India to capitalize on the favorable relations with the US. 

Trump’s tariffs on Indian goods are in line with those of other countries. They also include a levy for its ongoing business with Russia as the war in Ukraine escalates. 

India is now working behind the scenes to reach a deal. At the same time, Narendra Modi is talking with China’s Xi Jinping as relations between the two countries improve. 

The ongoing trade conflict between the US and China will slow India’s economy, hurting the recent growth. Recent surve data showed that the economy expanded by 6.7% in the three months to June.

That growth was lower than its expansion of 7.4% in the first quarter, but higher than the 6.5% it expanded in the same period last year.

On the positive side, while India and the US do a lot of business, it still accounts for just 2% of the total GDP. 

Also, 60% of India’s economy is made up of domestic spending, which will likely keep growing as the Reserve Bank of India (RBI) cuts interest rates. It has already slashe rates by 100 basis points this year, and analysts see more cuts later this year.

USD/INR technical analysis

The daily timeframe chart shows that the USD/INR exchange rate has rebounded from 83.85 in May to 88.4 today as the rupee plunged. It moved slightly above the important resistance level at 88.18, its highest point in August and February. 

Soaring above that level invalidated the double-top pattern that was forming. It is also a sign that investors are comfortable buying above that price. 

Most notably, the USD/INR pair has formed a cup-and-handle pattern, a common continuation sign. Therefore, the pair will likely continue rising as bulls target the next psychological point at 90. 

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The Barclays, NatWest, and Lloyds share prices plunged on Friday, dragging the blue-chip FTSE 100 Index. NatWest stock plunged to 512p, down by almost 10% from its highest point this year. 

Windfall tax proposal drags Barclays, NatWest, Lloyds share prices

Lloyds share price plunged by over 7.2% from the year-to-date high, in line with our recent forecast. That prediction identified a giant rising wedge chart pattern on the daily timeframe.

Barclays tumbled to a low of 355p, down by over 6.17% from the YTD high. Other large bank stocks like HSBC and Standard Chartered also slumped. 

The main catalyst for the ongoing plunge is the renewed calls for Rachael Reeves to implement a windfall tax on these companies for benefiting in the high interest rate era.

The current pressure came from the Institute for Public Policy Research, which noted that these banks had benefited from state subsidies from the Bank of England’s quantitative easing that inflated prices. 

It is unclear whether Reeves, who faces a big hole in the budget will follow through the proposal, which the think tank argues would raise £32.5 billion in the next five years. It noted that the levy would even leave Reeves with an extra $3.2 billion. 

Bank have always opposed a windfall tax arguing that it would make the country’s financial sector unattractive. Their representative said:

“Banks based here already pay both a corporation tax surcharge and a bank levy. Adding another tax would make the UK less internationally competitive and run counter to the government’s aim of supporting the financial services sector.”

UK bank stocks have boomed

The call for a windfall tax comes at a time when the UK bank stocks have boomed this year. Lloyds share price has jumped to the highest point since 2007. 

Barclays stock peaked at 380p this year, the highest level since August 2007 and 515% above the lowest level this year. NatWest, which owns Coutts and Royal Bank of Scotland (RBS), crossed 500p, and moved to the highest level since 2008. 

These banks have all benefited from the era of high interest rates, which has helped them to buy back their stock and boost their dividends. 

The most recent results showed that Lloyds Bank’s net interest income rose to £6.65 billion in the year’s first half to £6.65 billion, up by 5% from last year’s £6.3 billion. 

Barclay’s net interest income rose to £7 billion from £6.1 billion, while NatWest’s figure rose by 13% to £6.1 billion. Still, analysts predict that the era of this profit boom may be ending as the Bank of England (BoE) slashes interest rates.

It is unclear whether the ongoing slump of top stocks of companies like Lloyds, Barclays, and NatWest will continue. However, the stocks could rebound if Reeves rules out windfall taxes.

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BT Group share price is in a strong bull run, moving to its highest point since 2017. It has risen in the last seven consecutive months, its longest winning streak since it went public over two decades ago. It has jumped by over 180% from its pandemic lows. 

Why BT Group share price is soaring

BT share price has jumped by over 52% this year, helped by its strong turnaround under Allison Kirkby and its improving business trajectory as shown in the last financial results.

These results revealed that its business is turning itself around. Its adjusted revenue came in at £4.87 billion, down approximately 3% from the same period last year. 

BT Group’s consumer business revenue dropped by 3% to £2.3 billion, while its struggling business segment dropped by 6% to £1.8 billion. 

OpenReach, its fibre business, was a top bright spot for the company as its revenue rose by 1% to £1.56 billion during the quarter.

While the company’s revenue declined during the quarter, the numbers were better than expected. It also reported some strong metrics, including a surge in OpenReach FTTP additions, which rose by 46% to 566k.

BT Group is benefiting from the ongoing turnaround strategy that includes cost optimizations, streamlining its international markets to focus on the United Kingdom, modernizing its business, and boosting financial efficiency.

On costs, the company is in the process of laying off over 55,000, a move intended to make it a leaner growth-oriented business.

The company is working to streamline its business segment that has continued being a thorn in the flesh. It is in talks with some entities like AT&T to sell it or partner. Kirkby is also focusing on the UK and possibly plans to fully exit the international markets.

BT Group is also working on improving efficiency and modernizing its business by leveraging artificial intelligence and cloud computing. Just this week, the company started a partnership with Amazon’s AWS that will see it use its tools across its business.

BT Group share price has soared as investors anticipate more profitability now that its OpenReach capital expenditure has likely peaked. As such, investors probably anticipate more dividends or even a restart of share buybacks.

BT Group is often seen as a good dividend company by income investors. It has a dividend yield of about 3.85%, higher than most FTSE 100 companies.

BT share price technical analysis 

The weekly chart shows that the BT Group stock price has been in a strong uptrend in the past few years, moving from a low of 94.18 in 2024 to the current 215p. 

This surge happened after the stock formed a double-bottom pattern at 94.18p and a neckline at 140p.  A double-bottom is a common bullish reversal pattern in technical analysis.

The stock has remained above moving averages during the ongoing bull run. While this is a bullish factor for the stock, other technical indicators are flashing warning signs. 

The Relative Strength Index has moved from the overbought point at 81 to 73, while the Stochastic Oscillator is moving sideways above the overbought level.

Therefore, the stock will likely pull back a bit, possibly to retest the support at 165p and then resume the bullish outlook.

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GoPro stock price is in a frenzy this year, as retail traders return. It surged by 36% on Monday, reaching a high of $1.70, its highest level since July, and 315% above its lowest level this year. This surge has brought its valuation to nearly $200 million. 

Why GoPro stock jumped as US equities slumped

The latest surge in GoPro stock price was notable because it occurred on the same day that the S&P 500 and the Nasdaq 100 Index declined. 

Its surge is also notable because the company’s business is facing substantial pressure as demand for its hardware and subscriptions wane. 

GoPro’s revenue crashed by 18% in the second quarter to $153 million, continuing a trend that has been happening for years. 

The revenue plunged as GoPro sold 500k camera units, down by 23% YoY. Most notably, its important subscription business was flat at $26 million as the number of subscribers fell by 3% to 2.45 million.

The only notable development in the financial report was its profitability. Its net loss was $12 million, an improvement from the $36 million it made in the same period last year. This growth happened because of its progress, including its job cuts. 

GoPro’s turnaround will be hard to implement because it is largely a one-product company. While its action cameras are market leaders, many buyers don’t upgrade them unless they break. 

Therefore, the GPRO stock price surged because it has become a meme company, as AMC and GameStop were a few years ago. A meme stock is a company whose shares perform not because of its fundamentals, but the sentiment of the trading community.

GoPro meets this criteria because, like GameStop, it is a fallen angel or a company that was once popular and one that has lost its shine.

It is also a highly shorted company with a short interest of 10%. Historically, these highly shorted companies are always exposed to short squeezes as we saw with GME and AMC.

Therefore, the stock may continue rising in the near term as investors start pondering about the upcoming interest rate cuts by the Federal Reserve. In most cases, meme stock thrive during periods of monetary policy easing.

GoPro stock price technical analysis

GPRO stock chart | Source: TradingView 

Technicals have also contributed to the ongoing GPRO stock price surge. As the chart above shows, it was forming the highly bullish falling wedge chart pattern on the daily chart. The rebound happened as the two lines neared their confluence level. 

GoPro share price has surged above the important resistance level at $1, and formed a golden cross pattern as the 50-day and 200-day moving averages have crossed each other. 

The stock also seems to be forming a double-top pattern whose neckline is at $1.17, and the upper one is at $2.36.

Therefore, while the company has weak fundamentals, the ongoing meme stock frenzy may continue, pushing it to the double-top point at $2.36, which is about 42% above the current level.

Read more: Here’s why the GoPro stock price is surging and what comes next

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The YieldMax NVDA Option Income Strategy (NVDY) ETF stock will be in the spotlight this week as Nvidia publishes its financial results. NVDY stock was trading at $16.90, a few points below the year-to-date high of $17.2. 

NVIDIA to publish earnings on Wednesday

The main catalyst for the Nvidia and NVDY ETF is that the company will publish its second-quarter results on Wednesday. 

Wall Street analysts have high expectations from Nvidia this week as most of it customers published strong results and boosted their capital expenditure plans. UBS recently hiked its stock outlook from $175 to $205.

Microsoft, its biggest customer, has hinted that it will spend over $30 billion in capital expenditure in the current quarter. Other hyperscalers like Google, Amazon, and Meta Platforms have also done the same.

At the same time, Taiwan Semiconductor, its largest supplier, also published strong results, citing demand for AI.

NVIDIA’s results will provide more information on its Chinese business, which Trump blocked a few months ago. 

While he has lifted the ban, NVIDIA has not received a warm welcome from China and has even paused the sale. Trump is also considering allowing the sale of more advanced NVIDIA chips to the country, which may boost its stock. 

NVDY ETF inflows are rising 

Meanwhile, income-focused investors are flocking into NVDY. Data shows that the fund now has over $1.8 billion in assets under management. Its net inflow this year stood at over $906 million. 

It added $26 million in net assets last week after adding another $53 million a week earlier. This growth is happening as investors seek an exposure to NVIDIA while still generating regular monthly income. 

Data on its website shows that NVDY has an 81% dividend yield, much higher than NVIDIA’s yield of 0.022%.

NVDY generates its high dividend payment by using the covered call strategy. This is an approach where the fund manager buys a stock and then writes call options on the same. 

A call option is a trade that gives the buyer the right, but not the obligation, to buy an asset at a certain price. The trade gives the fund a premium, which it distributes to its investors as a monthly dividend.  

The main risk with NVDY and other covered call ETFs is that they must have a strike price. A trade is normally closed when this strike price is hit, meaning that it does not participate in the rest of the rally. 

Is NVDY ETF a good buy?

In theory, NVDY ETF gives a user a chance to take part in the NVIDIA stock rally while giving them access to monthly dividends.

However, history shows that the total returns of most covered call ETFs are smaller than the main asset. For example, the NVDY stock has dropped by 27% this year as the NVIDIA stock jumped by 33%. 

NVDA has also done better in terms of the total return. Its total return this year stood at 33%, higher than NVDY’s 20%. The same trend happened in the last 12 months as the chart below shows.

Therefore, most investors will likely do well by just foregoing NVDY’s monthly dividend and focusing on NVDA’s stock performance. 

Read more: Nvidia’s Jensen Huang calls TSMC stock buyers ‘very smart’ as US mulls chip equity stakes

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Tilray stock price continued its strong bull run this month, surging to a high of $1.46, its highest level since January and 305% from its lowest point this year. This surge has brought its market capitalization to over $1.53 billion, up from the year-to-date low of $350 million. 

Why Tilray stock price is soaring

Tilray Brands share price has been in a strong bull run in the past few months as investors focused on the ongoing hope that Donald Trump will reschedule cannabis into a Schedule 1 drug, a process that Joe Biden started but did not finish. He recently said:

“We’re looking at reclassification and we’ll make a determination over the next—I would say over the next few weeks, and that determination hopefully will be the right one. It’s (a) very complicated subject,”

Such a move, together with the other moves to deregulate the industry, would benefit Tilray Brands, a cannabis company that does not have a presence in the sector in the United States. 

In the past, Tilray has hinted that it would move into the US when there were friendly regulations at the federal level. While many states have legalized cannabis, the lack of clear federal regulations has hindered the sector, especially on interstate transport and banking.

However, it is still unclear whether Trump will go ahead with the reclassification push as some of the top players in the MAGA push have opposed it. Also, Trump is known to change his mind regularly based on the latest information he receives.

This means that the soaring cannabis stocks could be at risk of a reversal if he decides to listen to his MAGA and evangelical supporters.

TLRY business is struggling 

The new reclassification push has come at a time when Tilray Brands’ business is struggling, as evidenced by the recent results.

Its quarterly earnings report showed that its revenue dropped to $224.5 million in the fiscal fourth quarter, with its top growth engine drivers lagging.

For example, the alcoholic beverage that was supposed to help supercharge its growth, had revenues of $65.2 million, down from $76.7 million in the same period last year.

Read more: Is Tilray stock price rally a trap? history suggests selling

Its core cannabis business also deteriorated in the last quarter, with its sales moving to $67.6 million, from $71.9 million in the fourth quarter of the last fiscal year. 

The company attributed this drop to its decision to pause its vape and pre-roll categories, which helped it to improve its gross margins.

Tilray Brands also published a high net loss during the quarter. It made a $1.26 billion net loss, much higher than the $15 million it made in the same period last year. This loss was mainly because of the impairment of its Aphria purchase.

Tilray stock technical analysis 

The daily timeframe chart shows that the TLRY stock price bottomed at $0.3483 on June 23rd and then rebounded to a high of $1.46 today.

The ongoing short squeeze has seen it jump above the 50-day and 200-day moving averages, and a golden cross pattern is slowly approaching..

Tilray’s Relative Strength Index and the MACD have continued rising, with the latter being in the overbought level.

Therefore, the stock will likely keep rising a bit ahead of Trump’s decision, and then it will retreat as investors sell the news. As such, it may surge to $2 and then it will resume the downward trend.

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The Shanghai Composite and CSI 300 continued their strong rally this month, adding over $1 trillion in market value. Shanghai jumped to CNY 4,415, while the CSI 300 jumped to CNY 4,485. This article explains why Chinese stocks have continued soaring this year.

Shanghai Composite and CSI 300 jump as part of the global stock market surge 

One of the top reasons why Chinese stocks are surging is that the global stock market has been in a strong rally this year. In the United States, the S&P 500 and the Nasdaq 100 are all sitting at their all-time highs. 

Similarly, the same is happening in Europe, where the German DAX and French CAC are hovering near their record highs. In most cases, global stocks move in the same direction over time. 

One reason for the rally in stocks is the tailwinds of artificial intelligence, which has been the main theme in the market this year. In China’s case, the rally was sparked by the success of DeepSeek earlier this year.

Substantial savings after the real estate collapse 

The Shanghai Composite and the CSI 300 indices have also jumped because of the excessive savings by many people in China following the collapse of the real estate sector. 

Historically, most people in the country used to save their money in real estate, where prices kept rising. This changed a few years ago when China forced the local real estate companies to reduce their exposure on debt, leading to the collapse of several companies, including Evergrande.

As the Chinese economy has recovered from the pandemic, people found themselves with substantial sums of money and no secure place to invest in. As such, most of them have turned to the stock market because of its substantial returns and liquidity.

China central bank cuts and bond market

The other main reason why the Shanghai Composite and the CSI 300 have surged is that the Chinese central bank has been cutting interest rates in the past few years.

Data shows that the central bank left interest rates unchanged at a record low of 3% as the country remained in deflation.

Lower interest rates have made government bonds unattractive. The ten-year yield has remained at 1.772%, while the year stood at 1.63%.

Analysts expect the central bank to maintain low interest rates for longer, especially as the country continues to deal with Donald Trump’s tariffs and inflation remains low.

In addition to lower interest rates, officials have announced several stimulus measures, including lowering reserve requirements for banks.

China economy is doing well

The stock market has also thrived because of the ongoing performance of the Chinese economy. The most recent results showed that China’s GDP expanded by 5.2% in the second quarter, meaning that it will hit or surpass the government’s target of 5%.

China’s economic growth is partly due to rising exports, including to the United States. The most recent data showed that exports soared by 7.2% in July, higher than the expected increase of 5.4%

What next for Chinese stocks?

It is likely that the Chinese stock market will continue doing well this year as the fear of missing out continues. 

However, there is also a risk that the Chinese market is going through a bubble, which could pop as it has done in the past few years.

Indeed, some brokers are preparing for a potential crash. For example, Sinolink Securities has raised its margin deposit ratio on new client financing contracts for some stocks to 100%. Also, some mutual fund companies recently imposed daily purchasing restrictions.

Read more: US-China trade truce lifts China’s economic outlook and equities: these Chinese stocks could benefit

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The Okta stock price rose in extended hours after the cybersecurity company published strong results and upgraded its outlook, noting that the macro conditions were better than expected. It jumped to a high of $95, paring back some of the recent losses. 

Okta earnings download

Okta is a top company offering a cloud-based access management (AIM) platform that enables firms to manage user authentication and authorization. Its tools enable single sign-on, multi-factor authentication, and user life management lifecycle. 

Okta has also launched solutions to take advantage  of the ongoing artificial intelligence hype. Its AI solutions help to secure the identity of AI agents. Some of its top clients include companies such as FedEx, Peloton, Takeda, and Hewlett Packard Enterprise. 

Okta stock price rose after the company published stronger-than-expected financial results. Its revenue rose by 13% to $728 million, with the subscription segment bringing in $711 million. 

The report also showed that its subscription backlog jumped by 18% to over $4.15 billion.

Okta’s profitability continued growing in the second quarter, with the net income soaring to $67 million, a big increase from the $28 million it made in the same period last year. 

The non-GAAP net income jumped to $169 million, translating to a per-share increase of 91 cents. 

Most importantly, Okta upgraded its outlook, noting that the economic headwinds it predicted in the first quarter were not as pronounced as expected. 

Consequently, the management boosted the third and full-year revenue and profitability. It expects its third-quarter revenue to be between $728 million and $730 million, and its full-year figure to be between $2.87 billion and $2.88 billion. In a statement, the CEO said:

“Our solid Q2 results are highlighted by continued strength in new product adoption, the public sector, Auth0, and cash flow. In the age of AI, Okta’s independence and neutrality will continue to give organizations the freedom to innovate securely and on their own terms.”

A key concern among investors is that Okta seems to be overvalued based on price-to-earnings and the rule-of-40 multiples. Its forward GAAP P/E ratio of 105 is much higher than most companies. The GAAP multiple tends to be better than the non-GaaP figures. 

The rule-of-40 valuation metric adds a company’s margins and revenue growth. In its case, the expected revenue growth for the year is 11%, while its non-GAAP operating and free cash flow margins are 26% and 28%. Adding these margins and its estimated revenue growth shows that it is a bit overvalued. 

Okta stock price analysis

The daily timeframe chart shows that the Okta share price formed a double-bottom pattern at $90 and a neckline at $104. A double-bottom is one of the most common bullish reversal signs in technical analysis. 

The stock also formed a descending channel, and is attempting to move above it after earnings. Therefore, the most likely scenario is where it jumps to $104, the neckline of the double-bottom pattern. 

The next key catalyst for the Okta stock will be NVIDIA earnings and the Oktane event that brings together its community, including its senior management. 

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Webull stock price has remained in a tight range in the past four months as investors assessed its performance. BULL was trading at $15 on Tuesday, inside a range it has been stuck at since May, much lower than the year-to-date high of $80. So, is Webull a good buy or sell today?

Webull earnings ahead

Webull stock price has moved sideways in the past few months, ending the surge that happened shortly after its SPAC merger. At its peak, its market capitalization reached a record high of $136 billion, surpassing that of top American companies like Coinbase and Robinhood. 

These gains were short-lived as the market capitalization has plunged to over $7 billion.

Looking ahead, the next main catalyst for the Webull stock price will be its earnings on Thursday. These numbers will likely provide more color on its performance in the last quarter.

The most recent results showed that the company’s business continued thriving. Its revenue rose by 32% in the first quarter to $117.4 million. This growth happened as global stocks soared.

Webull’s revenue growth coincided with a decline in operating expenses, which dropped by 2% to $96.8 million. Consequently, its net income rose to $25.5 million,  a positive results from a loss of $12.9 million in the same quarter last year. 

Webull’s customer assets jumped by 45% YoY to $12.6 billion, while the number of funded accounts jumped to 4.7 million. Most importantly, the number of daily active users jumped by 44% to 924,000.

These numbers paint a picture of a company whose growth is continuing despite facing substantial competition from other companies like Robinhood and Moomoo. 

WeBull has taken various initiatives to grow its business. It partnered with Kalshi to offer predictions on its platform, launched Webull Premium, which has accumulated over $2 billion in assets, and partnered with BlackRock.

WeBull’s main advantage over other companies is its presence in many countries, such as the UK, Canada, Australia, and Thailand.

A positive thing about Webull is that it has numerous catalysts that may drive it higher. First, the company recently relaunched its crypto business in the United States , which could help it as the industry rebounds.

Second, the volume of stock market has jumped in the United States and other countries where Webull operates.

Further, the company has more room to expand its business, including launching a fractional fixed income offering and continuing its global expansion.

Webull stock price technical analysis 

The 12-hour chart shows that the Webull stock price bottomed at $10.25 in June this year and then started a gradual rebound. 

Along the way, the stock formed the highly bullish cup and handle pattern and is now in the process of forming the handle section.

There are also signs that the BULL stock price os is in the accumulation stage of the Wyckoff Theory. It has also moved slightly above the 50-period moving average.

Therefore, the most likely scenario is where the Webull stock price stages a strong rebound and moves to a high of $18, the upper side of the cup, followed by the psychological level at $20’

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