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Adobe price tests downward correctional trend line - Forecast today - 23-05-2023

Economies.com
2024-05-23 11:11AM UTC

Adobe’s stock price (ADBE) inched up in the intraday levels, testing the downward correctional trend line in the short term, while touching the resistance of the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to return lower, targeting the support of $453.00, provided it settles below the resistance of $498.70. 

 

Trend forecast: Likely Bearish 

Didi Global price returns higher - Forecast today - 23-05-2024

Economies.com
2024-05-23 11:11AM UTC

Didi Global’s stock (DIDIY) returned higher in the intraday levels, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend, coupled with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $5.16, provided the support of $4.38 holds on.

 

Trend forecast: Bullish 

 

Blackstone price tries to vent off overbought saturation - Forecast today - 23-05-2024

Economies.com
2024-05-23 11:11AM UTC

Blackstone’s tock price (BX) fell in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals out of them, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, thus leaning on the support of the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal and stubborn resistance of $133.53, provided it settles below $122.20. 

 

Trend forecast: Likely Bullish 

Baker Hughes price slumps - Forecast today - 23-05-2024

Economies.com
2024-05-23 11:10AM UTC

Baker Hughes Company’s stock price (BKR) skidded in the intraday levels, amid the dominance of the downward correctional trend in the medium term, while exposed to negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the stock, targeting the support of $30.00, provided the current support of $31.56 is reliably breached. 

 

Trend forecast: Bearish