Zcash (ZECUSD) price recorded gains in its latest intraday trading, as a short-term corrective upward wave remains in control, with price action moving along a supporting trend line. The move is supported by continued trading above the 50-day SMA, which provides dynamic support and strengthens the chances of extending gains in the near term. RSI is also showing a developing positive divergence after reaching deeply oversold levels relative to price action, with early positive signals starting to appear.
Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as it holds above the $281.65 support level, targeting the first key resistance at $342.25.
Today’s price forecast: Bullish
Victorias Secret & Co (VSCO) stock price recorded gains in its latest intraday trading after rebounding from support at the 50-day SMA, which provided positive momentum and helped drive those gains. The stock remains under control of the main short-term upward trend, trading along major and minor supporting trend lines, although RSI is starting to show negative signals that may limit further upside.
Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $53.25 support level, targeting the key resistance at $66.90.
Today’s price forecast: Bullish
Zoom Video Communications (ZM) stock price recorded choppy, range-bound moves in its latest intraday trading, as it attempts to build positive momentum to help maintain the main upward trend in the short term. Price is moving along a supporting trend line and continues to benefit from dynamic support by trading above the 50-day SMA. In the background, RSI has reached heavily oversold levels relative to price action, signaling the start of renewed positive momentum.
Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $88.90 support level, targeting the key psychological resistance at $100.00.
Today’s price forecast: Bullish
CVS Health Corporation (CVS) stock price recorded further gains in its latest intraday trading, amid clear dominance of the main upward trend on the medium term, with price moving along a supporting trend line. Momentum is also supported by positive signals from RSI after previously reaching heavily oversold levels. The latest rise comes as the stock attempts to shake off the negative pressure from trading below the 50-day SMA.
Therefore we expect the stock price to rise in upcoming trading, as long as it holds above the $74.00 support level, targeting the key resistance at $85.00.
Today’s price forecast: Bullish