Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Alibaba ends cautiously higher - Analysis - 28-09-2023

Economies.com
2023-09-28 12:02PM UTC

Alibaba Group Holdings' stock (BABA) rose in the intraday levels, with positive signals from the RSI while hurt by piercing the main upward trend line in the medium term, with negative pressure from the 50-day SMA, while the RSI reached overbought levels.

 

Therefore we expect the stock to return lower, targeting the support of 77.77, provided the resistance of 91.75 holds on.

 

Expected trend for today: Likely Bearish

TJX rises in a volatile session - Analysis - 28-09-2023

Economies.com
2023-09-28 12:03PM UTC

TJX Companies' stock (TJX) rose in the intraday levels after the support of 88.26 held on, lending the stock some positive momentum, with positive signals from the RSI after reaching oversold levels, while the stock tries to recoup some recent losses, as it also vented off oversold saturation in the RSI, ending a volatile session after touching the resistance of the 50-day SMA, while the stock is hurt by piercing the secondary upward trend line previously in the short term. 

 

Therefore we expect the stock to return lower, targeting the support of 85.27, provided the support of 88.26 was breached. 

 

Expected trend for today: Likely Bearish 

Autodesk exhausts positive chances - Analysis - 28-09-2023

Economies.com
2023-09-28 12:03PM UTC

Autodesk's stock (ADSK) gained ground in the intraday levels after leaning on the upward trend line in the medium term, and lending the stock positive momentum after the RSI reached oversold levels, while the stock continued to suffer from trading below the 50-day SMA.

 

Therefore we expect the stock to rise and target the resistance of 211.50, provided the support of 200.50 holds on.

 

Expected trend for today: Bullish

PayPal returns lower - Analysis - 28-09-2023

Economies.com
2023-09-28 12:02PM UTC

PayPal Holdings' stock (PYPL) returned lower in the intraday levels while trading below the 50-day SMA, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, countered with positive signals from the RSI after reaching oversold levels, curbing recent losses.

 

Therefore we expect more losses for the stock, targeting the first support at 54.20, provided it settles below 58.95. 

 

Expected trend for today: Bearish