Adobe's stock (ADBE) declined 0.87% in the last session on profit-taking while gathering momentum to maintain the main upward short-term trend, as it also vented off overbought saturation in the RSI.
Therefore we expect the stock to return higher, targeting the resistance of 606.00, provided the support of 569.00 holds on.
Expected trend for today: Bullish
Gilead's stock (GILD) rose 1.37% in the last session 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, readying to tackle the pivotal resistance of 69.35.
Therefore we expect more gains for the stock, targeting the resistance of 72.20, provided the resistance of 69.35 was breached.
Expected trend for today: Bullish
AMD's stock rallied 4.93% in the last session while buoyed by piercing the downward correctional trend line recently, amid positive support from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 98.00, provided the support of 88.85 holds on.
Expected trend for today: Bullish
Amazon's stock fell 0.23% in the last session while settling at 3,440, as it gathers positive momentum to help it rise anew, amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to rise and target the pivotal resistance of 3,546.50.
Expected trend for today: Bullish