Amazon’s stock price (AMZN) inched down in the intraday levels on profit-taking, while gathering positive momentum to rise anew, after shaking off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the short-term, with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of $190.00. 

Trend Forecast: Likely Bullish 

Schlumberger’s stock price (SLB) rose in the intraday levels while trying to recoup some recent losses, while trying to vent off oversold saturation in the RSI with positive signals coming out of them, amid the dominance of the main downward trend in the medium-term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of $42.73, provided the resistance of $47.17 holds on.

Trend Forecast: Likely Bearish 

Tesla’s stock (TSLA) rose in the intraday levels, while trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, thus tackling the downward secondary trend line in the short term as it tries to shake off negative pressures. 

Therefore we expect the stock to rise and target the important resistance of $205.30, provided the initial resistance of $177.00 was breached. 

Trend Forecast: Bullish