Gold price faces negative pressure to start pressing on the key support 1785.00, these mixed trades make us continue with our neutrality until the price confirms breaking this support or breaching 1797.00 resistance to detect the next destination clearly, waiting the daily close to get clearer signal for the next trend.
Nike's stock (NKE) tumbled 2.71% in the last session amid negative pressure from the 50-day SMA, leading to a breach in the upside short-term trend line, and doubling negative pressures, with negative signals from the RSI after reaching oversold levels, settling thereafter at 156.98.
Therefore we expect more losses for the stock, targeting the first support at 151.50, provided the resistance of 161.60 holds on.
Expected trend for today: Bearish
Oracle's stock (ORCL) tumbled 5.15% in the last session, settling at 91.64 and trespassing the support of the 50-day SMA, while also piercing the main upward short-term trend line, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the support of 84.95, provided the resistance of 98.90 holds on.
Expected trend for today: Bearish
Adobe's stock (ADBE) kept falling with a 1.23% in the last session, settling at 549.77, while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect more losses for the stock, targeting the first support at 526.00, provided it settles below 559.00.
Expected trend for today: Bearish