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3M ends cautiously higher - Analysis - 06-10-2021

Economies.com
2021-10-06 12:24PM UTC

3M's stock rose 1.05% in the last session while recouping some recent short-term losses, as it vents off oversold saturation in the RSI, amid positive signals out of them, with negative pressure from the 50-day SMA, amid the dominance of the downward correctional short-term wave. 

 

Therefore we expect the stock to return lower, targeting the support of 173.00, provided it holds below the resistance of 179.50.

 

Expected trend for today: Bearish 

Coca-Cola tries to vent off oversold saturation - Analysis - 06-10-2021

Economies.com
2021-10-06 12:25PM UTC

Coca-Cola's stock (KO) rose 0.17% in the last session while trying to recover recent losses, while venting off oversold saturation in the RSI, with positive signals from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 52.00, provided it holds below 53.70. 

 

Expected trend for today: Bearish 

McDonald's attacks pivotal resistance - Analysis - 06-10-2021

Economies.com
2021-10-06 12:24PM UTC

McDonald's stock (MCD) rose 0.88% in the last session, amid positive divergence in the RSI after reaching oversold levels compared to the stock's movements, amid positive signals out of them, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, tackling the pivotal resistance of 246.45. 

 

Therefore we expect more gains for the stock, targeting the resistance of 255.50, provided the resistance of 246.45 was breached. 

 

Expected trend for today: Bullish

Midday update for the NZDUSD 06-10-2021

Economies.com
2021-10-06 09:49AM UTC

The NZDUSD pair declines strongly to surpass our first target at 0.6890 and opens the way to extend the bearish wave on the intraday and short term basis, waiting to head towards 0.6805 that represents our next main target, reminding you that it is important to hold below 0.6990 to continue the suggested bearish wave.

 

The expected trading range for today is between 0.6860 support and 0.6975 resistance

 

The expected trend for today: Bearish