Crude oil price rallied upwards strongly to breach 89.35 level and reach the most important resistance at 91.10, which urges caution from the upcoming trading, as continuing the rise and surpassing the mentioned resistance will confirm stopping the bearish correction and head to regain the main bullish trend again.
KOHL's Corporation's stock (KSS) kept falling in the intraday levels amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, amid the dominance of the main downward trend in the medium term, while the stock is hurt by piercing the upward correctional trend line previously.
Therefore we expect more losses for the stock, targeting the pivotal support of 17.90, provided the resistance of 23.85 holds on.
Expected trend for today: Bearish
Novavax's stock (NVAX) rose in the intraday levels, with positive signals from the RSI after reaching oversold levels, as the stock vents off some oversold saturation, while retesting the upward correctional trend line that was breached previously, amid negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 5.60, provided the support of 7.00 was breached.
Expected trend for today: Likely Bearish
Rivian Automotive's stock (RIVN) rose in the intraday levels, while recouping some recent losses, as it also vents off oversold saturation in the RSI, while the stock trades alongside the downward trend line in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the first support at 19.50, provided the resistance of 23.25 holds on.
Expected trend for today: Likely Bearish