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Alibaba keeps falling - Analysis - 06-12-2023

Economies.com
2023-12-06 11:46AM UTC

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

 

Therefore we expect more losses for the stock, targeting the first support at 68.45, provided the resistance of 77.77 holds on.

 

Expected trend for today: Bearish 

PayPal leans on upward correctional trend line - Analysis - 06-12-2023

Economies.com
2023-12-06 11:47AM UTC

PayPal Holdings' stock (PYPL) fell in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, while leaning on the support of the 50-day SMA, coinciding with leaning on the upward short-term correctional trend line.

 

Therefore we expect the stock to return higher, targeting the resistance of 65.73, provided the stock settles above 57.29. 

 

Expected trend for today: Likely Bullish 

Pfizer returns lower - Analysis - 06-12-2023

Economies.com
2023-12-06 11:46AM UTC

Pfizer's stock (PFE) returned lower in the intraday levels, amid the dominance of the main downward trend in the medium term alongside the secondary short-term trend line, with negative signals from the RSI, while suffering negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the support of 27.00, provided the resistance of 30.75 holds on.

 

Expected trend for today: Bearish 

Midday update for Brent oil 06-12-2023

Economies.com
2023-12-06 09:47AM UTC

Brent oil price hovers around 77.44 level and attempts to break it, to keep the bearish trend scenario valid for today, waiting to visit 76.00 as a next main target, noting that surpassing this level will push the price to suffer additional losses that reach 74.50 areas direct.

 

On the other hand, we should note that breaching 78.15 will stop the expected decline and push the price to start recovery attempts on the intraday basis.

 

The expected trading range for today is between 75.80 support and 78.70 resistance.

 

The expected trend for today: Bearish