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Alibaba extends losses - Analysis - 23-10-2023

Economies.com
2023-10-23 11:00AM UTC

Alibaba Group Holdings' stock (BABA) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 77.77. 

 

Expected trend for today: Bearish 

Pfizer suffers from negative pressures - Analysis - 23-10-2023

Economies.com
2023-10-23 11:00AM UTC

Pfizer's stock (PFE) kept falling in the intraday levels, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, amid the dominance of the main downward trend in the medium term. 

 

Therefore we expect more losses for the stock, targeting the near support at 30.17. 

 

Expected trend for today: Bearish 

Caterpillar readies to pierce current support - Analysis - 23-10-2023

Economies.com
2023-10-23 11:00AM UTC

Caterpillar's stock (CAT) fell in the intraday levels, amid the dominance of the downward correctional wave in the short term, while leaning on the support of 248.96, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (From 204.04 to 293.88), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect the stock to decline, provided the initial support of 248.96 is breached, targeting the next support at 238.36, which represents the ratio 61.8% of Fibonacci retracement levels. 

 

Expected trend for today: Bearish 

Blackberry extends losses - Analysis - 23-10-2023

Economies.com
2023-10-23 10:59AM UTC

Blackberry Limited's stock (BB) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, with the stock managing to vent off some oversold saturation in there.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 3.17, provided the resistance of 3.83 holds on.

 

Expected trend for today: Bearish