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AMD clings to upside trend - Analysis - 22-02-2021

Economies.com
2021-02-22 11:46AM UTC

AMD's stock rallied 1.06% in the last session after leaning on the support of the main upward medium-term trend line, with negative pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 97.96, provided the support of 88.98 holds on. 

 

Expected trend for today: Bullish 

Amazon returns lower - Analysis - 22-02-2021

Economies.com
2021-02-22 11:45AM UTC

Amazon's stock returned lower with a 2.35% loss in the last session, while gathering momentum to help it rise anew, as it leans on the 50-day SMA and the main upward trend line in the medium term. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 3,491. 

 

Expected trend for today: Bullish 

Pfizer suffers from negative pressures - Analysis - 22-02-2021

Economies.com
2021-02-22 11:42AM UTC

Pfizer's stock (PFE) fell 0.35% in the last session while trading below the resistance of 35.46, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 27.90 to 43.01), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the next support at 33.69, representing the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bearish 

Midday update for Wheat price 22-02-2021

Economies.com
2021-02-22 10:14AM UTC

Wheat price shows negative trades now on its way to head towards the support areas that start at 644.20 followed by 629.40, to keep the price within the sideways range that appears on the chart, which its resistance line located at 662.50, reminding you that breaching this resistance will lead the price to resume the main bullish trend that its next target located at 692.00, while breaking 629.40 represents negative factor that will press on the price to achieve more decline that reaches 614.60.

 

The expected trading range for today is between 645.00 support and 665.00 resistance.

The expected trend for today: Sideways