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AMC receives positive support - Analysis - 01-08-2023

Economies.com
2023-08-01 11:10AM UTC

AMC Entertainment Holdings' stock (AMC) rallied in the intraday levels after leaning on the support of the 50-day SMA, while retesting the downward trend line that was breached recently in the short term, sending the stock 7.11% higher in the last session, or 33 cents, and settling at 4.97.

 

Therefore we expect more gains for the stock, targeting the resistance of 6.11, provided the support of 4.50 holds on.

 

Expected trend for today: Bullish

GameStop tries to recoup some losses - Analysis - 01-08-2023

Economies.com
2023-08-01 11:10AM UTC

GameStop Corporation's stock (GME) rose in the intraday levels while recouping some recent losses and marking a cautious profit of 1.23% in the last session, or 27 cents, and settling at 22.20, while hurt by piercing the upward correctional short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the first support at 20.10, provided it settles below 23.50.

 

Expected trend for today: Bearish

Nike pierces downward correctional trend line - Analysis - 01-08-2023

Economies.com
2023-08-01 11:09AM UTC

Nike's stock (NKE) rose in the intraday levels, confirming the breach of the downward correctional short-term trend line, and marking a profit of 1.63% in the last session, or 1.77 points, and settling at 110.39, while trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, hindering upcoming gains.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 115.80, provided it settles above 109.30. 

 

Expected trend for today: Bullish

Midday update for the NZDUSD 01-08-2023

Economies.com
2023-08-01 09:42AM UTC

The NZDUSD pair continues to decline to approach the key support 0.6140, noticing that stochastic approaches the oversold areas, waiting to motivate the price to resume the expected bullish wave for the upcoming period, which targets 0.6290 mainly.

 

Holding above 0.6140 is important to continue the expected rise, as breaking it will push the price to suffer additional losses and head towards 0.6080 followed by 0.6020 areas as main negative stations.

 

The expected trading range for today is between 0.6140 support and 0.6250 resistance

 

The expected trend for today: Bullish