AMD's stock rose in the intraday levels in a journey to search for a bottom to bolster it higher while gathering momentum to regain footing, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA, while a positive divergence forms in the RSI after reaching oversold levels compared to the stock's movements.
Therefore we expect more gains for the stock, targeting the first resistance at 114.45.
Expected trend for today: Bullish
Amazon's stock fell 0.21% in the last session amid negative signals from the RSI while gathering momentum to help it rise anew, leaning thereafter on the 50-day SMA, with the dominance of the upward medium-term trend.
Therefore we expect the stock to return higher, targeting the resistance of 3,576.95, provided the support of 3,389.00 holds on.
Expected trend for today: Bullish
Baidu's stock (BIDU) fell 1.68% in the last session after touching the resistance of the 50-day SMA, exposing it to negative pressure amid negative signals from the RSI and amid the dominance of the downward correctional trend in the medium term.
Therefore we expect more losses for the stock, targeting the first support at 152.00, provided the resistance of 176.25 holds on.
Expected trend for today: Bearish
Cisco's stock fell 0.40% in the last session while seeking a bottom to bounce it higher anew in order to recoup losses, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the resistance of 60.25 anew, provided the support of 56.60 holds on.
Expected trend for today: Bullish