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Activision Blizzard gives in to negative pressure - Analysis - 06-02-2023

Economies.com
2023-02-06 12:55PM UTC

Activision Blizzard's stock (ATVI) skidded in the intraday levels after agreeing to pay $35 million to settle an SEC fine over certain misconduct in the work place complaints and failing to protect whistle blowers, with the stock sliding 2.43% in the last session, or 1.87 points, settling at 75.24, with trading volumes surpassing 5.7 million shares, above 10-day averages of 4.7 million shares. 

 

Technically, the decline came after hitting the resistance of the downward correctional trend line in the medium term, while trespassing the support of the 50-day SMA, doubling negative pressure on the stock, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the stock, targeting the first support at 73.70, provided the resistance of 76.60 holds on.

 

Expected trend for today: Bearish

KOHL's extends correctional rise - Analysis - 06-02-2023

Economies.com
2023-02-06 12:53PM UTC

KOHL's stock (KSS) kept rising in the intraday levels while hurt by piercing the downward short-term trend line previously, with positive support from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 36.60, provided it settles above 32.64.

 

Expected trend for today: Bullish

Alibaba seeks a bottom to bolster it - Analysis - 06-02-2023

Economies.com
2023-02-06 12:53PM UTC

Alibaba Group Holdings' stock (BABA) fell in the intraday levels while seeking a bottom to bolster it higher, amid the dominance of the upward correctional short-term trend, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect the stock to return higher, targeting the resistance of 125.85, provided the support of 103.52 holds on.

 

Expected trend for today: Bullish

Morgan Stanley extends gains - Analysis - 06-02-2023

Economies.com
2023-02-06 12:53PM UTC

Morgan Stanley's stock (MS) kept rising in the intraday levels, amid the dominance of the upward correctional short-term trend, with positive support from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance at 105.80, provided the support of 93.50 holds on.

 

Expected trend for today: Bullish