AMD climbs alongside downward trend line - Analysis - 30-11-2022
AMD's stock rose in the intraday levels after a dip in post-close trading, with the research company Gartner expecting total industry earnings to fall by 4% next year as the economy weakens, with the stock barely rising 0.27% in the last session, or 20 cents, settling at 73.39, with trading volumes surpassing 51.8 million shares, above 10-day averages of 65.6 million shares.
Technically, the stock is trading alongside the main downward trend line in the short term, with negative signals from the RSI after reaching overbought levels, countered by positive support from the 50-day SMA.
Therefore we expect the stock to decline and target the support of 62.83, provided it settles below the pivotal resistance of 71.60.
Expected trend for today: Bearish
Midday update for the NZDUSD 30-11-2022
The NZDUSD pair shows new attempts to breach 0.6240 level, waiting to confirm the beach to open the way to rally towards our next target at 0.6300, to keep the bullish trend scenario valid and active for today unless breaking 0.6175 and holding below it.
The expected trading range for today is between 0.6160 support and 0.6270 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 30-11-2022
The AUDUSD pair resumes its positive trading to head towards our first waited target at 0.6767, and we suggest breaching this level to achieve additional gains that reach 0.6840, supported by the positive signals provided by stochastic, reminding you that the continuation of the bullish wave depends on the price stability above 0.6650.
The expected trading range for today is between 0.6650 support and 0.6780 resistance
The expected trend for today: Bullish
Midday update for Brent oil 30-11-2022
Brent oil price managed to breach 85.70 to support the continuation of the expected bullish trend scenario for today, waiting for more rise to achieve our positive targets that start at 87.25 followed by 88.65, motivated by the positive overlapping signal provided by stochastic now, noting that the continuation of the bullish wave requires holding above 85.70 and the most important above 84.60.
The expected trading range for today is between 84.00 support and 87.50 resistance.
The expected trend for today: Bullish