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Update: Gold touches the first target

Economies.com
2020-12-23 17:08PM UTC

Gold price managed to touch our first waited target at 1875.00 and attempts to breach it, waiting for more rise to visit 1914.00 as a next target, reminding you that the continuation of the bullish wave depends on the price stability above 1858.00.

AMD pares losses - Analysis - 23-12-2020

Economies.com
2020-12-23 11:06AM UTC

AMD's stock plumbed an intraday low at 90.53 before bouncing 0.08% higher, amid negative signals from the RSI after reaching overbought levels, with positive pressure from the 50-day SMA, coupled with the dominance of the main upward trend in the medium term. 

 

Therefore we expect the stock to return higher, targeting the resistance of 106.71. 

 

Expected trend for today: Bullish 

Amazon receives positive support - Analysis - 23-12-2020

Economies.com
2020-12-23 11:05AM UTC

Amazon's stock barely rose 0.01% in the last session amid the dominance of the main upward trend in the medium term, countered by negative signals from the RSI, while leaning on the 50-day SMA support. 

 

Therefore we expect more gains for the stock, targeting the first resistance at 3,340. 

 

Expected trend for today: Bullish 

Pfizer breaches important support - Analysis - 23-12-2020

Economies.com
2020-12-23 11:05AM UTC

Pfizer's stock (PFE) kept falling with a 1.71% loss in the last session, amid negative pressure from the 50-day SMA, while piercing the support of 37.23, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 27.90 to 43.01), as the RSI reached oversold levels. 

 

Therefore we expect more losses for the stock, targeting the support of 35.46, representing the ratio 50% of the same retracement levels. 

 

Expected trend for today: Bearish