Monero (XMRUSD) price recorded strong stability in its latest intraday trading, maintaining solid gains supported by its continued trading above its SMA50, which represents dynamic support reinforcing the stability of the main short-term upward trend, especially as price action moves along a supportive trend line. In addition, positive signals continue to flow from the RSI after the price managed to unwind its overbought conditions, giving it greater room to achieve further gains in the near term.

Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as the $434.55 support level remains intact, to target the $463.00 resistance level, with strong chances for a breakout.

Today’s price forecast: Bullish

GameStop Corporation (GME) stock price recorded a slight advance in its latest intraday trading, as the stock attempts to recoup part of its previous losses while also trying to unwind some of its oversold conditions on the RSI, especially with the beginning of a positive crossover. However, the stock remains under continued negative pressure from trading below its SMA50, which limits its recovery prospects in the near term, all under the dominance of the main short-term downward trend. It is also worth noting that GME belongs to the group of so-called meme stocks, which are subject to intense speculative activity and often move in ways that deviate sharply from technical expectations.

Therefore we expect the stock price to decline in upcoming trading, as long as the $21.95 resistance level remains intact, to target the key support at $19.95.

Today’s price forecast: Bearish

Pinduoduo Inc. (PDD) stock price recorded further gains in its latest intraday trading, as the stock attempts through this rise to shake off the negative pressure from its SMA50, signaling a full short-term recovery. This move is supported by a noticeable increase in trading volumes, in addition to incoming positive signals from the RSI, despite the indicator remaining within extremely overbought levels.

Therefore we expect the stock price to continue rising in upcoming trading, to target the first resistance level at $128.85, with strong chances for a breakout.

Today’s price forecast: Bullish

International Business Machines Corporation (IBM) stock price recorded a sharp rise in its latest intraday trading, supported by the beginning of incoming positive signals from the RSI after it reached extremely oversold levels. This comes under the dominance of the main medium-term upward trend; however, the stock is still trading below its SMA50, which represents negative pressure that could hinder its attempts to advance in the near term.

Therefore we expect the stock price to rise in upcoming trading, as long as the key support level at $288.00 holds, to target the $315.35 resistance level.

Today’s price forecast: Bullish