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Adobe loses ground - Analysis - 23-09-2021

Economies.com
2021-09-23 11:32AM UTC

Adobe's stock (ADBE) skidded 3.07% in the last session while trespassing the support of the 50-day SMA, exposing the stock for more negative pressure, while trying to correct the main upward medium-term trend. 

 

Therefore we expect more losses for the stock, targeting the support of 597.80, provided the support of 622.60 was breached. 

 

Expected trend for today: Bearish 

3M tries to recoup some losses - Analysis - 23-09-2021

Economies.com
2021-09-23 11:34AM UTC

3M's stock rose 0.8% in the last session, settling at 179.84, while recouping recent losses in the short term, amid the dominance of the downward correctional wave, while venting off oversold saturation in the RSI, with negative pressure from the 50-day SMA.

 

Therefore we expect  the stock to return lower, targeting the support of 173.00, provided the support of 179.50 was breached. 

 

Expected trend for today: Bearish 

Morgan Stanley receives positive support - Analysis - 23-09-2021

Economies.com
2021-09-23 11:34AM UTC

Morgan Stanley's stock (MS) rose 2.54% in the last session after leaning on the main upward medium-term trend line, while also leaning on the 50-day SMA, amid positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 104.70, provided the support of 98.70 holds on.

 

Expected trend for today: Bullish

Nike emits mixed signals - Analysis - 23-09-2021

Economies.com
2021-09-23 11:33AM UTC

Nike's stock (NKE) rose 1.56% in the last session, settling at 157.44, while trading alongside the main upward trend line in the medium term, with positive signals from the RSI after reaching oversold levels, countered with negative pressure from the 50-day SMA, while dominated by the downward correctional short-term wave. 

 

Therefore we expect more cautious gains for the stock, targeting the resistance of 162.55. 

 

Expected trend for today: Bullish