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September 19, 2024

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A 10-year-old boy attending a Japanese school in southern China has died after being stabbed on his way to class on Wednesday, according to Tokyo’s foreign minister, in the second knife attack near a Japanese school in the country in recent months.

The boy was attacked by a man about 200 meters (650 feet) from the gates of the Japanese school in Shenzhen, a tech-hub metropolis home to many Japanese businesses, according to China’s foreign ministry.

A 44-year-old suspect was apprehended at the scene and taken into custody, police in the city said in a statement.

Japanese and Chinese authorities did not specify the nationality of the victim. But Japanese nationality is required for enrollment at the Shenzhen Japanese School, according to its website.

“The fact that such a despicable act was committed against a child on his way to school is truly regrettable,” Japan’s Foreign Minister Yoko Kamikawa told reporters Thursday.

“We take this incident extremely seriously, and we have once again requested that the Chinese side ensure the safety of Japanese nationals.”

The attack took place on a sensitive date, the anniversary of the “918” incident in 1931, when Japanese soldiers blew up a Japanese-owned railway in northeast China in a pretext to capture the region.

The emotionally charged day is commemorated in China as the start of Japan’s invasion, with state media and officials urging the public to never forget the national humiliation.

Chinese authorities did not mention the motive for Wednesday’s attack. But nationalism, xenophobia and anti-Japanese sentiment are on the rise in the country, often fanned by state media.

In June, a Chinese man wounded a Japanese woman and her child in a stabbing attack in front of a school bus in Suzhou, eastern China. A Chinese bus attendant who tried to intervene later died of her injuries.

Following that attack, Japan’s foreign ministry told Japanese schools to review their safety measures, Kamikawa said.

Ahead of the 918 anniversary, “we had just made a request to the Chinese foreign ministry to take thorough measures to ensure the safety of Japanese schools, so we are extremely disappointed that this incident occurred in this situation,” she added.

At a regular news conference Wednesday, Chinese foreign ministry spokesperson Lin Jian said the case was being investigated.

“China will continue to take effective measures to protect the safety of all foreigners in China,” he added.

Public attacks against foreigners had been rare in China, but a series of high-profile stabbings have raised concerns in recent months.

Two weeks before the Japanese mother and child were attacked in Suzhou, four American college instructors were stabbed by a Chinese man at a public park in Jilin in the northeast, after he bumped into one of them, according to Chinese police.

China’s foreign ministry has described both attacks as isolated incidents and did not release further information on the motives.

This post appeared first on cnn.com

Lebanon is reeling after facing deadly back-to-back attacks targeting Hezbollah members – with pagers simultaneously exploding across the country on Tuesday, then walkie-talkies detonating in a similar fashion on Wednesday.

Panic, fear and grief have now gripped the country, with questions swirling about how the attacks could have been carried out, where the devices came from, and whether this latest development could plunge the Middle East into a wider regional conflict.

At least 22 people, including children, have died so far from the two attacks, which Lebanese officials have blamed on Israel. Thousands more are injured – many maimed and in critical condition after communications devices exploded in their pockets or in their face.

While Israel has refused to publicly comment, it warned on Wednesday that a “new era” of war was beginning, appearing to tacitly acknowledge its role.

Here’s what we know so far.

What happened, when and where?

The first attack came on Tuesday afternoon when pagers exploded at the same time across several parts of Lebanon – including the capital Beirut, and in several towns in the central Beqaa valley, strongholds for the Iran-backed militant group Hezbollah.

Videos showed the bloody aftermath on streets and public spaces. In one CCTV video, a man was picking out fruit in a supermarket when an explosion detonated – leaving him groaning in pain on the ground, clutching his lower abdomen as panic breaks out around him.

Lebanese hospitals were quickly overwhelmed, with limited staff attending to hundreds of bandaged and bleeding patients – some of whom had to lie on the floor as more of the injured arrived.

The second attack took place on Wednesday, with walkie-talkies detonating in the suburbs of Beirut and in the south of the country.

One witness who cannot be named for security reasons described seeing a man’s hands blown off by an exploding walkie-talkie while attending a Hezbollah funeral. Fires broke out in dozens of homes, stores, and vehicles, with videos showing smoke billowing on chaotic streets.

Why would Israel target Lebanon now?

Hezbollah and Israel have been at conflict for decades – but the two have ramped up their cross-border attacks on each other since last October when the war in Gaza began, following Palestinian militant group Hamas’ deadly attack on Israel.

Hezbollah is part of a larger Iran-led axis across the Middle East spanning Yemen, Syria, Gaza and Iraq that has engaged in a simmering conflict with Israel and its allies over the past 10 months.

The axis has said they will continue striking Israeli targets as long as the war in Gaza goes on, rebranding themselves as a “supportive front” for Palestinians in the strip, as described by a senior Hezbollah leader.

Israel may have chosen this timing for the attacks because it believed Hezbollah had discovered the pagers’ capability – making it a “use it or lose it” moment, said an Israeli source familiar with national security.

Israeli Prime Minister Benjamin Netanyahu may also have wanted to shore up domestic support. Officials and residents from the northern region have become increasingly vocal about the need to return to their homes after being evacuated due to attacks, piling pressure on the government to act against the threat of Hezbollah’s rockets from southern Lebanon.

On Tuesday, Israel made it a new war objective to return Israel’s northern residents to their homes near the border – which has long been understood to be a political necessity.

How did it happen?

There are still many questions on how Israel might have carried out its attacks this week – and where the devices that detonated came from.

Hezbollah is highly secretive, and its leader has previously urged families to dump their cell phones to avoid infiltration from Israeli and US spyware. That’s why so many Hezbollah members and their families rely instead on low-tech wireless communication devices like pagers.

Damaged pagers in Lebanon bore the name of a Taiwanese manufacturer – but the company said the devices were instead made and sold by a Hungarian company in Budapest.

Hungarian authorities denied this, however, saying the Budapest firm was a “trading intermediary” with no manufacturing sites in the country.

Making things even stranger, the address for the company’s office is in a residential area – where other people in the building said they hardly saw people coming to work, and that the Budapest company had never physically been to the building.

Meanwhile, Lebanon said the walkie-talkies that exploded were a discontinued model made by Japanese firm ICOM.

The devices were not supplied by a recognized agent, were not officially licensed and had not been vetted by the security services, Lebanese authorities said. ICOM said the model was discontinued a decade ago, and it could not determine whether the ones used in Lebanon were counterfeit or shipped from its company.

How have Hezbollah, Israel and the world responded?

Hezbollah has vowed retribution, warning on Tuesday that Israel will “definitely receive a fair punishment for this sinful assault, both in ways that are expected and unexpected.”

The Lebanese government also condemned the attack as “criminal Israeli aggression” and a violation of their national sovereignty.

It’s less clear what capacity Hezbollah might have to launch a counterattack if many of its members are wounded and key communication methods are no longer reliable.

Meanwhile, Israeli Defense Minister Yoav Gallant appeared to reference the attacks on Wednesday during a visit to an air force base – praising the “excellent achievements” of the military and intelligence agency.

“We are at the beginning of a new era in this war and we need to adapt ourselves,” Gallant said.

It appears US officials were largely in the dark until reports emerged of the explosions, according to three sources familiar with the matter. Israeli officials notified the US that it was going to carry out an operation in Lebanon on Tuesday but did not give any details about what they were planning, the sources said.

The UN rights chief condemned the attacks, calling them a violation of international humanitarian law and urging an “independent, thorough and transparent investigation.” International NGO Human Rights Watch echoed his remarks, saying the inquiry should be “prompt” and “urgently conducted.”

This post appeared first on cnn.com

The suspected attacks against the Iran-backed militant group Hezbollah are the latest in a series of covert operations that Israel’s government refuses to acknowledge but which are alleged to have been carried out by Israeli operatives.

Munich massacre response

Israel’s alleged history of planting explosives in telecommunication devices goes back as far as 1972, as part of its revenge for the killing of 11 Israelis, including athletes, at the Munich Olympics, which was carried out by the Palestinian militant group Black September.

In response, Israel launched “Operation Wrath of God” and spent years tracking down those involved in the Munich Massacre.

Mahmoud Hamshari, the Palestine Liberation Organization (PLO) representative in Paris, was among those targeted. Unidentified operatives reported to be linked to Israeli intelligence broke into his home and planted a bomb in his phone, before another person – posing as an Italian journalist – arranged a telephone interview with Hamshari. When he picked up the call and identified himself, the bomb was activated remotely.

The ‘engineer’

Tuesday’s attacks reminded many of the 1996 killing of Yahya Ayyash, Hamas’ chief bombmaker known as “the engineer,” responsible for killing dozens of Israelis.

Ayyash was killed in Gaza after his cell phone, which had been packed with 50 grams (1.76 ounces) of explosives, blew up near his head. After his killing, dozens of Israelis were killed in four retaliatory suicide bombings.

Iranian nuclear scientists

Since 2010, five Iranian nuclear scientists have been killed in foreign-linked assassinations, as Israel tries to prevent its greatest adversary from developing nuclear weapons. In August 2015, at the height of the assassinations, then-Israeli Defense Minister Moshe Ya’alon cryptically told the German magazine Der Spiegel that he could not be held responsible “for the life expectancy of Iranian scientists.”

Experts believe Israel and the United States were responsible for deploying the complex computer virus called Stuxnet that destroyed centrifuges at an Iranian nuclear facility in 2010.

Iranian officials have said they believe the cyberattack, which targeted centrifuges including those at the Natanz and Bushehr nuclear plants, originated in Israel and the United States, but neither country has commented on the malware’s origin. Notably, Stuxnet was one of the first times a cyberattack had a manifestation outside cyberspace, causing the centrifuges to spin out of control unnoticed. The pager attack is seemingly another instance of a cyberattack causing a physical consequence, unlike stealing money from a bank account or taking down a website.

Mohsen Fakhrizadeh, who was Iran’s chief nuclear scientist, was assassinated east of Tehran in 2020 by a remote-controlled machine gun operating out of a nearby Nissan. Iranian officials said the weapon had used artificial intelligence and facial recognition to detect Fakhrizadeh and open fire, before the car, reportedly packed with explosives, self-destructed.

Top Iranian officials blamed Israel for the assassination. Israel did not comment.

Human intelligence

While many of these assassinations have a sci-fi aspect, experts stressed that each operation requires high levels of human intelligence that raised questions about the security protocols of Israel’s adversaries. After Fakhrizadeh’s assassination, intelligence analysts stressed that a country or actor would still have had to smuggle in specialist equipment to stage the operation.

After this week’s events, some speculated that the explosions could have been caused by an Israeli cybersecurity breach that caused the lithium batteries in the pagers to overheat and detonate.

Kennedy said it was more likely that Israel had human operatives in Hezbollah who were able to intercept the supply chain and tamper with the devices. “The pagers would have been implanted with explosives and likely only to detonate when a certain message was received,” he said.

The New York Times reported Tuesday that Israel had hidden explosives inside a batch of pagers ordered from Taiwanese manufacturer Gold Apollo and destined for Hezbollah, and that a switch was embedded to detonate them remotely, according to unnamed American and other officials briefed on the operation.

The Iranian government and Hamas say Israel carried out the assassination. Israel has neither confirmed nor denied its involvement.

This post appeared first on cnn.com

On-Balance Volume (OBV): A Detailed Guide

The On-Balance Volume (OBV) evaluates market buying and selling intensity by accumulating volume during up days and subtracting volume on down days. Let’s examine how it works in detail.

What Is On-Balance Volume?

On Balance Volume is a powerful technical analysis tool introduced by Joseph Granville. It helps traders understand the relationship between price movement and daily trading volume.

OBV is a cumulative indicator, adding the daily volume to a running total when the closing price is higher and subtracting it when the closing price is lower. To calculate OBV, add or subtract the daily volume from the previous OBV based on whether the price increased or decreased. 

Granville emphasised OBV as a key to stock market profits, as it reflects buying and selling pressure and helps confirm the prevailing trend. Understanding this indicator can be crucial for predicting price movement and making informed decisions in the stock market.

On-Balance Volume Chart Example

What Does the OBV Indicator Tell You?

The On Balance Volume is an indicator that accumulates the volumes of a value according to the direction of the price variation. It allows you to assess buying or selling pressure through volumes. 

Thus, this indicator allows you to measure a trend’s strength or weakness and identify the risks of a trend reversal. The On Balance Volume is based on the principle that prices represent the bullish or bearish consensus on the value, and volumes represent the participants’ commitment. 

A rising OBV shows that buyers are very strong and vice versa if the indicator falls. As Dr Alexander Elder, a renowned trader and author, points out: “When the OBV does not take the same direction as the prices, collective emotions are not in phase with the collective consensus.”

“A crowd will follow its heart more easily than its reason. This is the reason why changes in volume direction often precede price changes.”

Calculating On-Balance Volume

How to calculate the balance volume? This indicator calculates a ratio between the variation of volumes and prices. We can calculate it by adding the volumes of the day when the price rises and subtracting the volumes of the day when the price falls.

The OBV accumulates the volumes as follows:

  • When the value closes upwards, all the volume of the day is considered as an upward volume. The volume of the day is added to the previous cumulative total.
  • When the value closes downwards, all the volume of the day is considered as a downward volume. The volume of the day is subtracted from the previous cumulative total.

Formula for On-Balance-Volume

The calculation formula is as follows:

Upward closing:

OBV = OBV[n-1] + Volume

Downward closing:

OBV = OBV[n-1] – Volume

If prices have not changed:

OBV = OBV[n-1]

This is a cumulative indicator since we calculate it by adding the volumes of the day when prices rise and subtracting the volumes of the day when prices fall from the value of the indicator in n-1.

How to Use On Balance Volume  Indicator in daily trading?

Let’s take an example:

  • If the daily volume is 1000 shares and the closing price is higher than the previous day’s, 1000 is added to the OBV.
  • If the daily volume is 800 units and the closing price is lower than the previous day’s, then 800 is subtracted from the On Balance Volume.
  • If the daily volume is 500 units and the closing price equals the previous day’s, then the OBV remains unchanged.

On Balance Volume in Technical Analysis

A rising OBV shows where the market’s savvy investors are located. When the crowd follows the price movement, the OBV and the value will rise together. On the other hand, if prices vary before the OBV, we have a non-confirmation. Non-confirmations occur when the market is at its extremes.

If, in an uptrend, the OBV becomes bearish, this means that there were much larger volumes during the downtrend sessions than during the uptrend sessions, even if there were more uptrend sessions. There is, therefore, a high probability of a downward reversal.

Conversely, if the On Balance Volume becomes bullish in a downtrend, there were much larger volumes during the uptrend sessions than during the downtrend sessions, even if there were more downtrend sessions. The probability of an upward reversal then becomes very high.

The graphical reading of the On Balance Volume can be associated with the detection of divergence between the price evolution and that of the indicator.

It is quite possible to calculate a moving average of the OBV by using the crossings of the two curves between them. When the moving average crosses the OBV downwards, it represents a sell signal; otherwise, it is a buy signal.

The logic behind this system is as follows: volumes precede the trend. When prices are stable or correct the trend, a volume increase allows us to anticipate the beginnings of the trend’s resumption. Similarly, at the end of a trend, we theoretically see a volume decrease before prices fall.

OBV vs Accumulation/Distribution

On-balance volume and the accumulation/distribution line both serve as momentum indicators that leverage volume to forecast the actions of “smart money.” However, their methods diverge significantly. To calculate on-balance volume, add the volume from days when prices rise and subtract the volume from days when prices fall.

In contrast, the accumulation/distribution (Acc/Dist) line employs a different approach. Its formula considers the current price’s position within its recent trading range and multiplies this by the volume of that specific period, allowing it to provide insights without becoming overly complex. Thus, while both indicators focus on volume, their calculations and implications differ substantially.

Limitations of OBV

A drawback of the On-Balance Volume (OBV) indicator is that it acts as a leading indicator. It can generate forecasts but offers limited insight into past market actions based on its signals. 

This characteristic makes it susceptible to false signals. To mitigate this, we can add lagging indicators. Incorporating a moving average line with the OBV can help identify breakouts. If the OBV experiences a breakout simultaneously with price movements, it can validate the breakout. 

Additionally, it’s important to exercise caution with the OBV, as a significant volume spike in a single day can distort the indicator for an extended period. 

For example, unexpected earnings reports, changes in index membership, or large institutional trades can lead to significant fluctuations in the indicator. However, these sudden volume changes may not necessarily reflect an ongoing trend.

The post On-Balance Volume (OBV) in Trading Explained appeared first on FinanceBrokerage.

Reli Stock: Key Analysis And Forecasts To Note

Have you wondered lately if it is worth investing in the Reli Stock? What is the fuss around it in the stock market where it seems like now and then, a stock option gets in the spotlight? And why has Rally Stock become so sought after by many enthusiasts?

First, we are talking about the Reliance Global Group, Inc. (Nasdaq: RELI) company encompassing the natural growth of the RELI Exchange Agency Partner Network and acquiring low-risk, high-growth, complementary.

But is it worth investing in this stock? What is Reli Stock forecast according to the latest statistics? Let’s get all the information, but to focus on the company first, shall we?

Understanding Reliance Global Group Company

Reliance Global Group refers to a specific InsurTech company redefining the traditional insurance agency model.

Through RELI Exchange, they leverage proprietary technologies like Automation and Artificial Intelligence (AI) to increase the productivity of our agency partners.

Their growth strategy is centred on the organic expansion of the RELI Exchange Agency Partner Network, meaning that they’re expanding their product range.

This company is also responsible for creating specific strategic investment decisions. The main focus is to achieve supporting and high-growth insurance and related businesses.

What Is Their Number One Focus?

As they work to enhance their market cap, they focus on maintaining a solid history of operational management, including overseeing 10 agencies with approximately $15 million in revenue.

They’re dedicated to investing in their professional team and providing the resources needed for success.

Reliance Global Group Companies

Here are all the following Reliance Global Group Companies that you need to know about:

  • Reli Exchange
  • 5 Minute Insure
  • J.P. Kush & Associates
  • US Benefits Alliance
  • Fortman Insurance Services
  • Medigap Healthcare
  • EBS Employee Benefits
  • SMIC
  • Altruis
  • UIS Agency LLC

So, before getting into the investment process and making the final decision, let’s get all the current statistics regarding it at the moment.

Reli Stock Price And Other Statistics

  • Current Price: $2.74
  • Price Forecast: $4.15 (51.26% increase)
  • Fear & Greed Index: 39 (Fear)
  • Sentiment: Neutral
  • Volatility: 15.05%
  • Green Days: 12 out of 30 (40%)
  • 50-Day Simple Moving Average (SMA): $3.06
  • 200-Day Simple Moving Average (SMA): $1.11
  • 14-Day Relative Strength Index (RSI): 57.42

RELI/USD 5-Day Chart

Reli Stock News: Get All The Information

According to the latest Reli stock news, in Q4 2024, Reliance Global Group, Inc. will present a top-notch Artificial Intelligence-driven Quote & Bind solution. That particular solution has also been forward-thinking with the latest technology for commercial insurance.

This special kind of tool has been integrated into the reliable RELI Exchange platform. It allows all of its devoted agents to both create and finalise quotes for various commercial policies. It includes Workers’ Compensation, General Liability and Cyber Liability.

The Quote & Bind feature is scheduled to refine agent capabilities by enabling real-time quotes and direct policy binding across multiple carriers via the RELI Exchange dashboard.

This particular promotion is primed to advance both revenue and efficiency. According to Ezra Beyman, who is the famous Chairman and CEO of Reliance, with this enchanting feature, agent commissions would be improved. Consequently, what’s also crucial to note, it will drive higher revenues for the company.

New Revenue Opportunities Are Offered

On the other hand, Moshe Fishman, who is the Director of Insurtech and Operations, stated that the feature would simplify the quoting process. Besides that, it offers additional revenue along with a single commercial policy potentially matching the commission of multiple homeowner policies.

Reliance Global Group company stays a prominent leader in InsurTech. It’s been utilising artificial intelligence to revolutionise the insurance industry.

What Is The Reli Stock Forecast?

Our forecast for RELI stock Nasdaq suggests a 51.26% increase. By September 9 this year, analysts predict a price of $4.15 per share. The particular sentiment is Neutral. The Fear & Greed Index is recorded at the 39 level, indicating fear.

In the past 30 days, RELI has had 12 out of 30 green days (40%) and a volatility of 15.05%. Since RELI is trading 33.89% below our forecast price, it could be a good time to buy.

Conclusion: Should You Buy or Sell RELI Stock?

Reliance Global (RELI) has a score of 5/10 in the market. That score suggests a particular “Hold” position. According to our experts’ analysis, it indicates that RELI stock has a -0.92% chance of outperforming the S&P 500 over the following three months.

The Reli stock forecasted price range means a highest estimate of $4.15 and a lowest of $2.74.

RELI shows strong growth potential with its focus on InsurTech innovations, but investors should remain cautious, as market volatility and neutral sentiment suggest a balanced approach. It’s a stock worth watching for future opportunities.

The post Reli Stock – Get All The Essential Analysis And Predictions appeared first on FinanceBrokerage.