Alibaba Group Holdings’ stock price (BABA) rallied in latest intraday trading amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA, as the price tries to recoup some recent losses, as it also tries to vent off oversold saturation in the Stochastic.
Therefore we expect the price to return lower in upcoming trading, especially as it settles firmly below the resistance of $117.80, targeting the support of $94.00.
Today’s price forecast: Likely Bearish
Alchemy Pay’s currency price (ACHUSD) extended its gains in latest intraday trading, while buoyed by a positive technical pattern that formed in the short term, the Falling Wedge pattern, as the price also managed to shake off negative pressure from the 50-day SMA, countered with negative signals emerging from the Stochastic after reaching overbought levels, hindering upcoming gains.
Therefore we expect more gains for the price in upcoming trading, provided it settles firmly above $0.024388, targeting the pivotal resistance of $0.04184 as a price target for the Falling Wedge pattern.
Today’s price forecast: Bullish
Alpha Quark Token’s currency price (AQTUSDT) rallied in latest intraday trading, after shaking off negative pressure due to trading below the 50-day SMA, with the price rebounding after positive signals from the Stochastic despite reaching overbought levels.
Therefore we expect more gains for the price, targeting the pivotal resistance of $2.7728, provided it settles firmly above $1.3500.
Today’s price forecast: Bullish
Silver price moved higher slightly in its last intraday trading, amid its moves in a limited range attempting to gain positive momentum that might push it to the upside, within the domination of the bullish correctional trend domination on the short- term basis, and its trading along side the trend line.